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<br />DO NOT RECORD <br /> <br />tennis training facility and for no other purpose unless expressly agreed to <br />in writing by the Licensor. <br /> <br />(b) The right and permission of Licensee is subordinate to the prior and <br />paramount right of Licensor to use the Property in its entirety for public <br />purposes to which it presently is and may, at the option of Licensor, be <br />devoted. Licensee undertakes and agrees to use the License Area and to <br />exercise this License at all times in such manner as will not unreasonably <br />interfere with the full use and enjoyment of the Property by Licensor and <br />the public it serves. <br /> <br />(c) Licensee hereby acknowledges that title to the Property is vested in <br />Licensor and agrees never to assail or resist the same, and further agrees <br />that Licensee's use and occupancy of License Area shall be referable <br />solely to the permission herein given. <br /> <br />(d) As a covenant to this Agreement, Licensee shall adhere to and comply <br />with all responsibilities set forth in City's Athletic Field Use Policies and <br />Procedures, attached hereto as Attachment 1, and incorporated herein. <br /> <br />Section 1.02 Term <br /> <br />(a) The term ofthe Agreement for the License Area ("Term") shall be one <br />year (1) commencing on November 1,2007 ("Commencement Date"). <br /> <br />(b) This License may be extended for up to one additional one-year term by <br />the mutual written agreement of both parties. Such option shall be subject <br />to all of the terms and conditions contained herein. The amount of <br />compensation to be paid by Licensee to Licensor will be renegotiated for <br />any extended term. Earlier termination ofthis License shall be in <br />conformance with Section 5.02, below. <br /> <br />(c) The Licensee must inform Licensor, in writing delivered ninety (90) days <br />prior to the end of the current term, of its interest in exercising the option <br />to extend the term of the Agreement. Upon receipt of said written notice, <br />the parties shall negotiate the compensation to be effective during the <br />extended term. <br /> <br />Section 1.03 Com pensation/Consideration <br /> <br />(a) (a) Upon the Commencement Date, Licensee shall pay to Licensor <br />monthly compensation in the amount of $800.00 per month <br />("Compensation") for use of the License Area. Additional compensation <br />for use of the licensed facilities shall be provided by Licensee's <br />sponsorship of students and installation of improvements to the tennis <br />facility. Compensation will be due upon execution of this Agreement and <br />thereafter on or before the 10th day of each succeeding month, payable to <br />2 <br />