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200510854 A. Amendment of Section 1.01. Section 1.01 of Article I of the Original Lease Purchase Agreement is hereby amended to read as follows: Section 1.01 (a) Lessee hereby covenants and warrants that it has full right, title and authority to grant the license and easement rights granted in this Section 1.01 (a), as further made and confirmed in the Library Board Easement, and further covenants and warrants that it will defend such rights in Lessor against the claims of all persons whomsoever. Lessee (as easement grantor) hereby grants to Lessor (in the separate capacity of easement grantee) a license and easement with respect to the tracts of real estate located in the City of Grand Island, Hall County, Nebraska, which are described as the Site for the Project on Exhibit A hereto attached and incorporated by reference herein [reference is made to Exhibit A attached to the Original Lease Purchase Agreement], for the location, construction, acquisition, installation, operation and maintenance of improvements, structures, goods which are to become fixtures, fixtures and equipment constituting the Project, being all of the property, which together with the Site constitutes the Project. The Project is to be leased and sold by Lessor to the City pursuant to this Agreement. Such license and easement shall include full access and use by Lessor (as grantee and its licensees and invitees and shall permit all actions necessary or incidental to the location, construction, acquisition, installation, operation and maintenance of the Project. The Project as financed from the proceeds of Lessor's Building Bonds is hereby acknowledged to be the separate property of the Lessor, subject to the rights provided for Lessee under the terms of this Agreement. This license and easement shall continue until November 15, 2015, unless all of the Building Bonds and any refunding bonds issued by Lessor to refund the Building Bonds (whether one such series or more) have been paid in full. (b) Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, upon and subject to the terms and conditions hereinafter set forth, the Project, as and to the extent constructed and acquired under the terms of this Agreement. Lessor shall lease the Project to Lessee for a term beginning on date of issuance of the Building Bonds and ending on November 15,2015. Until payment in full of all rental obligations hereunder the Project shall remain the property of the Lessor and shall not become a part of the real estate described on Exhibit A hereto attached. Upon the final payment of all rental obligations under this Agreement, the Project shall be conveyed to Lessee in accordance with Article XVIII hereof. B. Amendment of Section 2.02. Section 2.02 of Article II of the Original Lease Purchase Agreement is hereby amended to read as follows: Section 2.02. Lessee shall pay as additional rent: 4