RIVER VIEW GOLF COMPANY - CONCESSION 1974

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CONCESSIOP~AIRE agrees to keep co_nplete, full, and proper accounts of all sales, whether for cash or credit, made at the golf course. CONCESSIONAIRE agrees that it will adopt and maintain a fiscal year ending November 30th, which is the same as the fiscal year adopted by RIVER VIEW, in order to facilitate the year-end audit conducted by the City of Santa Ana andfor the Orange County Flood Control District, and that CONCESSIONAIRE will provide to RIVER VIEW timely audited year- end accounting reports satisfactory to RIVER VIEt+T, the City of Santa Ana, and/or the Orange County Flood Control District. CONCESSIONAIRE agrees that RIVER VIEW may, at any time, cause an inspection of CONCESSIONAIR.E's cash register and books of account to be conducted by RIVER VIEW's accountant or his appointed agent, or make and conduct an audit of the business of CONCESSIONAIRE as conducted on the golf course by an indepen- dent certified public accountant selected by RIVER VIEW.. If any statement of gross receipts previously made to RIVER VIEW by CONCESSIONAIRE is found to be 5° less than the amount shown by audit, CONCESSIONAIRE shall promptly pay RIVER VIEty the cost of such audit, as well as the additional amount shown to be payable by reason thereof. 5 . IMPROVEr~ENTS C0DICESSIONAIRE agrees that at its sole expense {which shall be reimbursed from rental payments due and owing RIVER VIEW as hereinabove set forth and as provided hereinbelow), it will expend the sum of $18,000.00 plus or minus 15% for real property improvements, including real property fixtures, but excluding trade fixtures and equipment for a restaurant facility adjacent to the golf shop presently situated on the golf course, to be com- pleted and operative by June 1, 1974 and as generally described in -4-