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2024037;6 12. Rules and Re2ulations. The Lessee agrees to comply with the rules and regulations as prepared and furnished by the Lessor to the Lessee, from time to time. Such rules and regulations shall contain restrictions and limitations, for the mutual benefit of all lessees at Kuester Lake, pertaining to the use by the several lessees at Kuester Lake of the lake itself, common roads, and the leased premises. It is understood that the basic use of the leased premises shall be for residential purposes, but the Lessor may permit, from time to time, commercial activities on the leased premises. Any such rules, regulations and permits are subject to change by the Lessor, excepting that the basic purpose of the leased premises as residential shall not be abridged. Any changes in the rules and regulations must be approved by a majority of the leaseholders present and voting at a meeting called for such purpose of which written notice has been given to all leaseholders (one vote per Lease). 13. Occupancy and Use. Only dwellings intended for occupancy by one family may be constructed upon the leased premises and occupancy by more than one family in any such dwelling shall not be permitted. In no event shall the leased premises be utilized for any commercial or business enterprise. For the purposes of the restricted occupancy herein permitted, a "family" shall be defined as persons related by blood, marriage or adoption, and any persons residing in a committed familial relationship to each other, even if not related by blood or adoption, together with any children in any way related by blood or adoption to either of the persons residing in a committed familial relationship. 14. Termination of Lease by Default of Lessee. If the Lessee fails, after ninety (90) days prior written notice from the Lessor, to remedy any default in his compliance with any of the obligations binding upon him or her under this Lease Agreement, or under the Rules and Regulations furnished him or her by the Lessor, the Lessor may, at its option, terminate this Lease and retake possession of the leased premises but only after the following procedure has been complied with: (a) A special meeting of all stockholders of Lessor shall be called by the Board of Directors of Lessor, and written notice of such meeting and its purposes be given all such stockholders. Such meeting shall be called for the purpose of determining by majority vote of the stockholders of Lessor, present and voting, as to whether or not termination of Lessee's Lease should be made because of a default by the Lessee. At least ten (10) days written notice shall be given of any such meeting, and the Lessees shall be given full opportunity to show why their Lease should not be terminated. (b) If a majority of the stockholders of Lessor, present and voting at such meeting, determines that Lessee is in default under this Lease and that the same should be terminated, the Lessee shall have one hundred twenty (120) days within which to remove their improvements on said premises; and, if they fail to remove the same within such 120 days, the Lessor and the Lessee shall join in a public auction of the improvements remaining upon said leased premises, and the net proceeds from any such sale shall be applied as follows: FIRST in the payment of any unpaid rents or other amounts owing by Lessee to Lessor; SECOND any remaining proceeds, subject to the rights of mortgagees, shall be paid to the Lessee. The Lessor agrees to give a new Lease to a suitable purchaser at such public auction. THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal representatives, successors, devisees, legatees, heirs-at-law, and assigns. KUESTER LAKE, INC. By Ju 'e Stutzman, Its President LESSOR Brandon M. Shada LESSEE 3