CHARLES W. BOWERS MUSEUM CORPORATION, THE

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authority to execute this Agreement; (2) Bowers has good and unencumbered title to the Licensed Area free and clear of any liens or mortgages,except those disclosed to the City that will ,not interfere with the City's right to use the Licensed Area. B. The Parties shall enter into and record with the County of Orange an easement to grant the City the right to access on enter the Licensed Area for the ongoing maintenance, repairs, and/or improvements to the Marquee. C. City has studied and inspected the Licensed Area and accepts the same "AS IS" without any express or implied warranties of any kind, other than those warranties contained in subsection (A) above, including any warranties or representations by Bowers as to its condition or fitness for any use, intended or otherwise. City has inspected the Licensed Area and the surrounding area and obtained all information and professional advice as City has determined to be necessary related to this Agreement. 3. GRANT OF LICENSE:TERM. A. Bowers grants to City a license to use the Licensed Area subject to the following provisions: (1) The term of this Agreement shall be from the Effective Date and then for a period of 10 years beginning from the first day of the month after the Marquee is constructed and ready for use, or fully operational ("Commencement Date"),unless sooner terminated as provided herein. The Parties shall provide written confirmation of the Commencement Date for its records. City shall be permitted to enter and commence work and prepare the Marquee for deployment for up to six months before the Commencement Date. Notwithstanding the above,the term of this Agreement shall be automatically extended for one additional 10-year period from the anniversary of the Commencement Date,unless City notifies the Bowers of its intent to terminate at least 90 days before the end of the initial 10-year term. (2) If City continues to occupy the Licensed Area after the expiration or termination of this Agreement, the holding over will constitute a yearly renewal or extension of this Agreement, and the conditions of use, detailed below,shall remain in place for the hold-over period. (3) Except as provided in subsection 4 below, at the termination of this Agreement, whether by expiration of term or City's election, City agrees to transfer the ownership, maintenance, utilities, and use of the Marquee to Bowers. If Bowers elects not to receive and maintain the Marquee following expiration of this Agreement, then City shall return the project site to its original state. City shall also release its easement back to Bowers. (4) If Bowers elects to lease or sell the Licensed Area, or develop the Licensed Area in such a manner that obstructs, impedes, or diminishes public view of Page 2 of 13