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Prepared by: <br />Amber Reineke <br />Legacy Outdoor Advertising, LLC <br />920 E.56th St, Suite B <br />Kearney, NE 68847 <br />Ph: 308-698-1442 <br />NEBRASKATTDOCUMENTARY <br />DateQS' -`L <br />INST 2823 Q04Uq <br />CASH <br />CHECK I(g 00 <br />REFUNDS: <br />CASH <br />CHECK <br />RECCRDE <br />HALL COUNTY NE <br />2023AW28 A053 <br />KRISTI WOLD <br />REGISTER OF DEEDS <br />MEMORANDUM OF LEASE <br />This Memorandum of Lease is made on August 18, 2023, by Legacy Outdoor <br />Advertising, LLC ("Legacy"). <br />Recitals: <br />l!c <br />a. Legacy ("Lessee") is the owner of a billboard structure (the `Billboard") located <br />on land owned by L&P Investments LLC (the "Owner") described as follows: <br />Lot Three (3), Commercial Industrial Park Fifth Subdivision in the City of Grand Island, <br />Hall County, Nebraska <br />b. On August 18, 2023, Legacy Outdoor Advertising, LLC entered into a lease (the <br />"Lease") with L&P Investments LLC for the construction and maintenance of the Billboard. <br />Memorandum: <br />1. The term of the Lease is ten years, beginning on April 1, 2023 (the "Effective Date"), and <br />ending on March 31, 2033. The lease shall automatically renew for three (3) consecutive five- <br />year terms unless written notice is given to Lessor by Lessee ninety (90) days prior to the <br />expiration of then -current term. It shall then continue on a year-to-year basis unless either party <br />shall give written notice of non -renewal at least 90 days prior to the expiration of then -current <br />term. <br />2. The Lessee is currently in possession of the Leased Premises. <br />3. The amount of the rent and other terms of the Lease are as provided for in the Lease. <br />Legacy 0 tdoor Advertising, LLC <br />By: 0, <br />Name: Amber Rei <br />k <br />