RIVER VIEW GOLF COMPANY - CONCESSION 1974

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• Exhi?~i t "A" attached izereto anc~ incorporated by reference herein. ,,,-,,, CO~v~.~,~SIOi~?AIi,E agrees to suppler appropriate contract doc~~-~ents, booker of account, and other records to RIVER VIE4v' to verify the cost and expanses incurred in connection with said ,.,corks of real property improvement. It is understood and agreed by the parties hereto that all right, title, and interest ir. and to the ownership of said real property improvements and fixtures shall, upon their completion and subject only to the teams of this Agreement, be- come vested in RIVER VIEW, and RIVER VIEti~1 shall thereafter be deemed the sole owner of said improvements. CONCESSIODTAIRE fur- then agrees that, at its sole expense, it shall install in said restaurant facility, trade fixtures and equipment as described in Exhibit "B" attached hereto and incorporated by reference herein. Subject to the provisions hereof, all right, title and interest in and to said trade fixtures and equipment shall remain vested in COr1CESSIONAIP.E subject to the terms of this Agreement and the security interest granted RIVER VIE:~T hereunder and as more fully described hereinafter. CONCESSIO"3AIRE agrees that at its sole expense (which shall be reimbursed from rental payments due ar_d owing RIVER VTE~~T as hexeinabove set forth and as provided hereinbelow), it will undertake to construct real property improvements, including real property fixtures, consisting of a "half-way .house" to be situated on the golf course as agreed to by both parties, to be completed and operatior_al on or bafore May 1, 1975. The plan, design, construction costs, and location of said "half-way house" shall be satisfactory to RIVER VIEb~T, and each and all of same shall require the written approval of RIVER VIE4~7 prior to the com- mencemer_t of construction. CONCESSIO^7ATRE agrees to supply appro- priate contract docu_ner_ts, books of account, and other records to -5-