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82~~~0~~ 1'~arc?~ L, 1.975 ~~T>SE AGI3EEi+^.E:1VT T'dI5 AGRF,LN~c,~^P entered into beth~een KUiSTER LAI{E, INC,. , LESSOR, znd Ruth An?~ Christenson ! ;aa-?Dire-~eAa~rs=r-las-feria,=~:;F-~•z-co~~mon1__;;as sole owner) (strike out ! portio:~ not apcvlicai~le; tahether one or more, LESSEE. Lot 29, haying a lakefront footage of 1. Description of ceased ~er^.ises: 93 feet, situated on the West side of the Weser portion o~Kuester Lake and being or_ a part'o~ the L'''-~Srd~d in Section 13; Township ll,i~ange 9, in Ha11 G'ounty, Nebraska bounded on the WestErly side by t':e cor*.rnon road; such lot is as shown on` a plan in lie possession o€ the Lessor 2. Term o~_ease: 35 years, commencing March 1, 1975 and terminating February 28,<20i0 . 3. Option to extend term: Lessee ;ias 'the agtion vo extend -the term of this lease> for a~ additional 35 years by giving Lessor .notice thereof', in writing, by July 1, 2OQ9`. 4. Right to assicnirent of leases Lessee has the right to assign this lease provided - '{'a) Lessee has complied with all terns'of this lease. ib} Lessee"transfers to the.: new .owner all interest and ownership of t2ze Lessee in the commor. stock of :Cues::er Lake, ;nc. tc) The new Lessee agrees, in writing, to abide by the terms of the lease so assigned', any new lease for 'taese pre...ises,' and to abide by the Agreement entered into by t?~s Lessee with tCuester Lake, 2nc. an or about November 4, 1974, the terms of which are incorvorated herein by reference. (d} .The new Lessee shall be entitled to a new `lease Por a 35 year term.. ..The feral may 'be longer if consented to by he Lessor.' (e) l+ny sub-easing :aos~ Nave the Lessor's approval: {f} The Lessee has the absolute right to conditionally assign t:ii.s loose `o ary `mortgagee for one purpose of fornish~ng;such mortgagee additianai security. 5. Rent: The Lessee shall pay to Lessor, as annual rent, payable in advance and on or 'oefore July first eac:z year, such rent as may be annually deterruned by t're Lessor under the following formulas i'he annual rent s~sall be an amount, :each year,.:.... equal to the sesu2t of%dividng file total number of res<ien~tial lessee-stockholder lots zito that year's anticipated net budget needs of the ~.essor '1'he computation of t'he annual rent shall be done by the Lessor, but shall be uniform among all lessee-stockholders o~ Icoester Lake, : I.*;c. In any event., tYse annual rent of the Lessee -s=aal~.not exceed One Yiurdred-Dollzrs (5:-00.00} unless a majority of ail lessee-stoc',sho7,ders of Koester Lake, Inc. ,{one vote for each share}, present and voting at a special meeting called for t'.zat purz~ose, shall approve 4he sa=-ne.- 6. Access: T?~e Lessee shad :have access from the ipased preans.ses or_to the Lessor's roads.and shall also have the right to use the la:lce _`or boatz.*~g, s41ii:,mi:~g and fish.ng. ':.`base :access. riChts are in co~.~.:on with the other leaseno~ders at: {Lester La~cE. 6-a. Prior .~-~~:a~ '~-x lease replaces gnu ::upersacies oozy prier lease fs.>- said pr~~~:isES which the ~~.ssee or ^is ~-,.redecessors in tit~_~~ gay .ave :~eld_