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201000901 ~aioo3~ri FARM LEASE This FARM LEASE made an this ~ 'day of December, 2009, by and ternard J. Bockerman, LESSOR, and Trac-Tec, Inc., LESSEE. LESSOR hereby leases to LESSEE and LESSEE hereby leases from LESSOR th llowing real estate and all improvements thereon except improvements specifically identifie The Northeast Quarter (NE %) of Section. Ten (10) of Township Ei~ht North (T8N) Range Twelve West (R12W) of the Sixth Principal Meridian (6t P.M.) in Ada County, Nebraska; and, The Southeast Quarter (SE t/) of Section Thirty-One (31) of Township Nine North (T9N; of Range Eleven West (R11 W) of the Sixth Principal Meridian (6th P.M.) in Hall County. Nebraska. This FARM LEASE shall be subject to the fallowing terms and conditions: I,aw l')IflCes WHEIAN 8 SCHERR Hastings, Nebraska 1. Term of Lease. The term of this FARM LEASE shall commence on the 1st day o anuary, 2010, and shall terminate on the 31S` day of December, 2020, a period often (10) years; 2. Rental Fee. The annual rental fee due and payable on the 15t day of December of e of the FARM LEASE to the LESSOR by the LESSEE for the use and the possession of real estate shall be not less than Thirty Thousand Dollars ($30,000.00); 3. Use of Residence. During the entire term of this FARM LEASE LESSOR shall tled to use of any dwellings or outbuildings located upon the said real estate; 4. Mineral Ri ts. During the entire term of this FARM LEASE LESSEE shall b tied to the right, use and proceeds of all mineral production from the said real estate; 5. Option to Renew. Subject to the rules and regulations of the United Sta -artment of Agriculture, the LESSEE shall be entitled to renew this FARM LEASE for itional term often (10) years beyond the terms herein under the same terms and conditions; 6. Use of Premises. The use of the real estate subject to this FARM LEASE shall bf mited to the growth and production of agricultural crops and shall suffer no other usF Whatsoever without the prior written consent of LESSOR; the LESSEE shall use the said rea state in accordance with agricultural practices best suited to the topography and soil condition f the real estate and each portion thereof; if the LESSEE should either take any action or fail tc eke any action which results in some damage or waste to the real estate, then the LESSOR may fter notice thereof of ten (10) days to LESSEE, enter upon the said real estate and take sucY ctian as LESSOR considers necessary to protect the condition and productivity thereof and ~, 0~