UNDERGROUND VAULTS & STORAGE, INC,

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STORAGE LEASE AGREEMENT ~ > - UNDE;RGR,OUND VAULTS & STORAGE, INC. - cc: FIN 1I'!~~m_ cc: FIN eLK ,. STORAGE LEASE AGREEMENT NUMBER, A0854 UNDERGROUND VAULTS & STORAGE, INC. (hereinafter ca11ed "UndergroundU) hereby leases to CITY OF SANTA ANA9 217 NORTH MAIN SUITE 3299 SANTA ANA, CALIFORNIA 92701 (hereinafter called "Deposi.tor") space in its underground Records Storage Center (hereinafter referred to as the "leased premises") known as Sem:L-Private Vault Storage in accordance with Schedule 02-87 for a term of five (5) years, commencing Julv 119 1988 with annual rental payable one (1) year in advance; and a1so agrees to perform such reasonable services as requested by Depositor at Underground's latest established service rate9 The rights of the Depositor sha1l not be sssigned9 sublet9 or in any way disposed of, in whole or in part9 w1thout the written consent of Underground. 19 Duration: This agreement shall automatically be renewed for successive terms of five (5) years until e~ther party shall cancel it by giving to the other written notice of its election to cancel, at least sixty (60) days prior to the expiration of the then existing term. 2. Appurtenances: (a) It is understood and agreed that if Depositor desires the 1nstallation of any fixtures or equipment in the leased premises, it will advise Underground, and Underground will have the sole authority to undertake said installation, and the charges to Depositor shall be the total of labor at Underground's latest hourly construction rate and material cost, plus ten percent (10%). (b) ~l fixtures and equipment of whatsoever nature as may have been installed in the leased premises by Underground at the instance of and cost to Depositor, whether affixed thereto or otherwise, sha11 be the property of Depositor, and may be removed by Underground at Depositor's request and expense, including injuries to the p~emises resulting from such removal, if any, at the expiration or termination of this lease agreement, or any renewal or extension thereof. 3. Untenantable Clause: (a) 1f9 during the term hereof9 the leased premises or any part thereof shall be rendered untenantable by public authority, or by casualty (except such as shall have resulted from the negligence of the Depositor), a proportionate part of the rent herein provided for, according to the extent of such untenantability, shall be abated and suspended until the premises are again made tenantable by Underground. If in the opinion of Underground or Depositor the leased premises cannot by reasonable efforts be restored to their former condition within sixty (60) days from the taking or damage, either party may, upon notice to the other, given within ten (10) days after the taking or damage~ terminate this lease and contr~ct as of that date. (b) If the leased premises9 or any part thereof, or any part of Underground's Records Storage Center, whether above or below ground~ should be injured (reasonable wear and tear excepted) as a result of the negligence of Depositor~ its agents, deputies or employees, any such injuries or damages shall be the sole responsibility or Depositor and Depositor shall immediately initiate proceedings to restore such leased premises and/or Records Storage Center to their former condition.