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~ one hundred twenty (120) days, replaco said buildinqs, in?provements, ;
'.or aquip~aent, in a conditio~n equal to prior condition and eatis- ~
factory for uee by Lessee. Zn the event Lesaor faiis to , or is
unable to, replace said buildinqs, iinprovements or equipment, Lesaee =
~ may, at its option, cancel this lease.
~ 10. Leasee ehall have ari option to extend ~thie lease for a ~
term of seven (7) years from and after expiration of the pri:aary ~
term, such exteneion to be upon the same terme and conditions as
herein aet forth. To execute thia option, the Leeaea ehall~qive . .
the Leasor notice in writing at leaBt thirty (30) days before the
expiration of the primary tena.~ in the event this lease is ;
~ extended hereunder, the reatal shall be the same as provided for in ~f
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~ Paragraph 2. ~ . ~ .
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11. Lessee shall have the right to sub~et the premisee hereby . :
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~ ~ leased, in whole or in part, at a~ny time during the term of thls ~
. lease or.any extension or rene~wal thereo~ without obtaininc~ the
consent of I.essor. T'he subletting of said premises shall not
release the Lessee from its obliqation to pay rentals,ae hereinabove ?
~ provided. ~ - ~ -
12: All notices required or which•iaay be given hereunder
shall be considered as properly qiven if delivered in ~rritinq, ~
pezsonally, or sent by reqistered United Statee mail, poatage, pre- ~
paid with retum receipt.requested, addreesed to Leseee at'the ~
addrese first above shown or to Lessor at Denver, Colorado. Notice ;
- served by mail ahall'be deemed given on the date on which auch
' notice is depoaited in~the United Statee mail. ~
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, 13. This instrument incorporates all of the obliqations of . ;
. ~t2ie parties hereunder and there are no oral agreementa or under- • '
~ atandings between the parties concerninq the property covered by this
~ lease agreement. . - €
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~ . z'he covenants~and provisfons hereof shall extend to and be
bindiriq upon the parties hereto, their heira, executors, admini- ~
~ -atrators, successors, and aesigns. •
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Executed the day and year firat written above. ~
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~ ~ ATTEST:4~ C OR ~ ~
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E 0 r ~'p'' . ' ' ~ . ' . : . . ~
E ' ~ ~ ~ ~ ~ ,kIURPAY OIL CORPORATION - ~ ~ ~
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~ . . ATTESTi ~
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o ~ 1rIrORIDA . SOUTSERN QIL COMPADiY ~ i
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