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<br />complied with: <br /> <br />(a) <br /> <br />(b) <br /> <br />200601551 <br /> <br />A special meeting of all stockholders of Lessor shall be called by the <br />Board of Directors of Lessor, and written notice of such meeting and <br />its purposes be given all such stockholders. Such meeting shall be <br />called for the purpose of determining by majority vote of the <br />stockholders of Lessor, present and voting, as to whether or not <br />termination of Lessee's Lease should be made because of a default by <br />the Lessees. At least ten (10) days written notice shall be given of <br />any such meeting, and the Lessees shall be given full opportunity to <br />show why his or her Lease should not be terminated. <br /> <br />If a majority of the stockholders of Lessor, present and voting at such <br />meeting, determines that Lessees are in default under their Lease and <br />that the same should be terminated, the Lessees shall have one <br />hundred twenty (120) days within which to remove his or her <br />improvements on said premises; and, ifhe or she fails to remove the <br />same within such 120 days, the Lessor and the Lessees shall join in a <br />public auction of the improvements remaining upon said leased <br />premises, and the net proceeds from any such sale shall be applied as <br />follows: <br /> <br />FIRST in the payment of any unpaid rents or other amounts owing by Lessee <br />to Lessor; <br /> <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall <br />be paid to the Lessee. The Lessor agrees to give a new Lease to a suitable purchaser <br />at such public auction. <br /> <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessee and their personal <br />representatives, successors, devisees, legatees, heirs-at-law, and assigns. <br /> <br />KUESTER LAKE, INC. <br /> <br />~~ <br />an . . char son, Its PresIdent <br /> <br />LESSOR <br /> <br />k t14\,{ ftl'1,-1i & t17h t" 1V'v1 <br />~abeth Coffey ~ <br /> <br />LESSEE <br /> <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF HALL ) <br /> <br />The foregoing instrument was acknowledged before me this 14TH day of <br />FEBRUARY ,2006, by Jane 1. Richardson, president of Kuester Lake, Inc., a Nebraska <br />corporation, on behalf ofthe corporation. <br /> <br />~...' 71&;;;. . <br />.' A "" ,. . "-''''-'-'''' <br />. -"'! . <br />._.," 1?fAt., . ~ <br />- <br />Not ry Public <br />~ GENERAL NOT,I"RY - State of Nebraska <br />I EILEEN B. TESMER <br />. _..__' My Comm. Exp. Dec. 1, 2006 <br />