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202403796 intersects the Southerly line of said Lot Seventeen (17); and which is One hundred fifty-eight and five tenths (158.5) feet Westerly from the Southeasterly corner of said Lot Seventeen (17); thence running Easterly along and upon the Southerly line of said Lot Seventeen (17) for a distance of One hundred fifty-eight and five tenths (158.5) feet, more or less, to the point of beginning. 2123. 2. Term of Lease: Ninety-nine (99) years, commencing August 1, 2024, and terminating July 31, 3. Reserved 4. Right to Assignment of Lease: Lessee has the right to assign this Lease provided: (a) Lessee has complied with all terms of this Lease. (b) Lessee transfers to the new owner all interest and ownership of the Lessee in the common stock of Kuester Lake, Inc. (c) The new Lessee agrees, in writing, to abide by the terms of the Lease so assigned, any new Lease of these premises, and to abide by the Agreement entered into by this Lessee's predecessors in title with Kuester Lake, Inc. on or about November 4, 1974, the terms of which are incorporated herein by reference. (d) The new Lessee shall be entitled to a new Lease for a 99 -year term. The term may be longer if consented to by the Lessor. (e) Any subleasing must have the Lessor's approval. (f) The Lessee has the absolute right to conditionally assign this Lease to any mortgagee for the purpose of furnishing such mortgagee additional security. 5. Rent. The Lessee shall pay to Lessor, as annual rent, payable in advance and on or before July first each year, such rent as may be annually determined by the Lessor under the following formula: The annual rent shall be an amount, each year, equal to the result of dividing the total number of residential lessee -stockholder lots into that year's anticipated net budget needs of the Lessor. The computation of the annual rent shall be done by the Lessor, but shall be uniform among all lessee - stockholders of Kuester Lake, Inc. In any event the annual rent of the Lessees shall not exceed One Hundred Dollars ($100.00) unless a majority of all lessee -stockholders of Kuester Lake, Inc. (one vote for each share), present and voting at a special meeting called for that purpose, shall approve the same. 6. Access. The Lessee shall have access from the leased premises onto the Lessor's roads and shall also have the right to use the lake for boating, swimming, and fishing. These access rights are in common with the other leaseholders at Kuester Lake. 6a. Prior Leases. This Lease replaces and supersedes any prior Lease for said premises which the Lessee or his predecessors in title may have held. 7. Determination of Boundaries. The Lessor shall have the right, on a reasonable basis, to determine the boundaries between the Lessees and his neighbors if the Lessee and his neighbors cannot agree to such boundary line. The lake front boundary of the leased premises shall be to the water line as the same may exist from time to time with changes in the water level of the lake. The boundary line of the leased premises abutting the Lessor's common roads shall be reasonably determined by the Lessor. 8. Peaceful Possession. As long as Lessee conforms with the requirements binding upon them in this Lease Agreement, the Lessee shall enjoy peaceful possession of the leased premises. 9. Improvements. The Lessee shall keep the leased premises in a neat and clean condition at all times and shall keep all improvements on the leased premises in a good condition of repair. 10. Abandonment. The Lessee agrees not to abandon the leased premises. 11. Access for Installing Utility Lines. The Lessor reserves the right to come upon the leased premises for installation of underground or above -ground utility lines and the making of necessary repairs or improvements to or abutting the leased premises. The Lessor agrees to restore the premises to substantially the same condition as they were before any such installation and at the Lessor's expense. 2