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200905357 GROUND LEASE THIS GROUND LEASE ("Lease") is made and entered into July 1, 2009, by and between HALL COUNTY LIVESTOCK Il~IPROVEIVIENT ASSQCIATION, a Nebraska nonprofit corporation ("Former Park"); WELLS FARGO BROKERAGE SERVICES, L.L.C. (Wells Fargo}; and CITY OF GRAND ISLAND, NEBRASKA, a city of the first class of tlxe State of Nebraska ("City); WHEREAS, the Gity and Fanner Park have determined that Wells Fargo and the City should have title to a multi-purpose recreational exposition building and associated infrastructure improvements (the 'Building"); and WHEREAS, the City and Wells Fargo Brokerage Services, LLC ("Wells Fargo") have entered into a Lease Purchase Agreement dated July 1, 2009 ("Lease Purchase Agreement") regarding the Building. NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the parties do hereby agree and contract as follows: 1. Certain DeflrJ~ ens. For purposes of this Lease, the following terms are defnled: (a) "Leased Premises" shall mean that certain Heal property located in Hall County, Nebraska, which has been identified by Former Park based upon the glans and specifications approved and provided by the Nebraska State Fair Boazd. The Leased. Premises are deemed by the parties hereto to be suitable to construct the Building and are located outside the restricted security envelope required of Fanner by the State Racing Commission, so as to be usable throughout each yeaz. The location of the Leased Premises are generally shown on Exhibit "A" attached hereto and made a part hereof, which shall be located within the property legally described on attached Exhibit "C". As part of this Lease, Wells Fargo and the City are hereby granted during the term of the Lease proper ingress and egress on, over and across the land of Former Pazk for access and suitable parking, as is necessary for proper utilization of the Building. Such land of Former Park is defined in Exhibit'B" hereto attached and incorporated herein. (b) "Building" shall mean the building, structures, fixtures and improvements constructed or installed upon the Leased Premises and related infrastructure improvements serving the Building. Certain other defined terms shall have the respective meanings assigned to them elsewhere in this Lease. 2. Demise and Term. Fonmer Park hereby leases and rents to Wells Fazgo and the City, and Wells Fargo and the City hereby lease and rent from Former Park, the Leased Premises for the period commencing with the date of delivery hereof and ending on December 31, 2060 (the "Term"). Thereafter, the Tenn shall automatically continue for five (5) year successive terrors unless terminated by either party upon ninety (90) days written notice prior tv the end of the expiring term. The leasehold interest of Wells Fargo hereunder shall be assigned and transferred in full to City