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16 . RENEWAL PROVISIONS : Renewal of this lease shall be at the sole option of the Lessor. Such renewal shall be subject to the terms , conditions and provisions of management standards and applicable laws, rules and regulations in effect at that time . In the event that Lessee is in full compliance with the terms of this lease, the Lessee may apply in writing for a renewal . Such application for renewal must be received by Lessor no sooner than 120 days and no later than 30 days prior to the expiration date of the original or current term hereof. The term of any renewal granted by the Lessor shall commence on the last day of the previous lease term . If the Lessee fails to timely apply for a renewal, or in the event the Lessor does not grant a renewal , the Lessee shall vacate the leased premises and remove all structures and equipment occupying and erected thereon at its expense . The obligation to remove all structures authorized herein upon termination of this lease shall constitute an affirmative covenant upon the Lessee ' s interest in the riparian upland property more particularly described in Attachment B, which shall run with the title to the Lessee ' s interest in said riparian upland property and shall be binding upon Lessee and Lessee's successors in title or successors in interest . 17 . REMOVAL OF STRUCTURES/ADMINISTRATIVE FINES : If the Lessee does not remove said structures and equipment occupying and erected upon the leased premises after expiration or cancellation of this lease , such structures and equipment will be deemed forfeited to the Lessor, and the Lessor may authorize removal and may sell such forfeited structures and equipment after ten ( 10) days written notice by certified mail addressed to the Lessee at the address specified in Paragraph 9 or at such address on record as provided to the Lessor by the Lessee . However, such remedy shall be in addition to all other remedies available to the Lessor under applicable laws, rules and regulations including the right to compel removal of all structures and the right to impose administrative fines . 18 . REMOVAL COSTS/LIEN ON RIPARIAN UPLAND PROPERTY : Subject to the noticing provisions of Paragraph 17 of this lease , any costs incurred by the Lessor in removal of any structures and equipment constructed or maintained on state lands shall be paid by Lessee and any unpaid costs and expenses shall constitute a lien upon the Lessee ' s interest in the riparian upland property that is more particularly described in Attachment B . This lien on the Lessee ' s interest in the riparian upland property shall be enforceable in summary proceedings as provided by law . 19 . RECORDATION OF LEASE : The Lessee, at its own expense, shall record this fully executed lease in its entirety in the public records of the county within which the lease site is located within fourteen ( 14) days after receipt, and shall provide to the Lessor within ten ( 10) days following the recordation a copy of the recorded lease in its entirety which contains the O . R. Book and pages at which the lease is recorded . 20 . RIPARIAN RIGHTS/FINAL ADJUDICATION : In the event that any part of any structure authorized hereunder is determined by a final adjudication issued by a court of competent jurisdiction to encroach on or interfere with adjacent riparian rights, Lessee agrees to either obtain written consent for the offending structure from the affected riparian owner or to remove the interference or encroachment within 60 days from the date of the adjudication . Failure to comply with this paragraph shall constitute a material breach of this lease agreement and shall be grounds for immediate termination of this lease agreement at the option of the Lessor. 21 . AMENDMENTS/MODIFICATIONS : This lease is the entire and only agreement between the parties . Its provisions are not severable . Any amendment or modification to this lease must be in writing, must be accepted, acknowledged and executed by the Lessee and Lessor, and must comply with the rules and statutes in existence at the time of the execution of the modification or amendment. Notwithstanding the provisions of this paragraph , if mooring is authorized by this lease, the Lessee may install boatlifts within the leased premises without formal modification of the lease provided that (a) the Lessee obtains any state or local regulatory permit that may be required ; and (b) the location or size of the lift does not increase the mooring capacity of the facility . 22 . ADVERTISEMENT/SIGNS/NON -WATER DEPENDENT ACTIVITIES/ADDITIONAL ACTIVITIES/MINOR STRUCTURAL REPAIRS : No permanent or temporary signs directed to the boating public advertising the sale of alcoholic beverages shall be erected or placed within the leased premises . No restaurant or dining activities are to occur within the leased premises . The Lessee shall ensure that no permanent, temporary or floating structures, fences, docks , pilings or any structures whose use is not water-dependent shall be erected or conducted over sovereignty submerged lands without prior written consent from the Lessor. No additional structures and/or activities including dredging, relocation/realignment or major repairs or renovations to authorized structures , shall be erected or conducted on or over sovereignty , submerged lands without prior written consent from the Lessor . Unless specifically authorized in writing by the Lessor, such activities or structures shall be considered unauthorized and a violation of Chapter 253 , Florida Statutes, and shall subject the Lessee to administrative fines under Chapter 1 & 14 , Florida Administrative Code . This condition does not apply to minor structural repairs required to maintain the authorized structures in a good state of repair in the interests of public health , safety or welfare ; provided, however, that such activities shall not exceed the activities authorized by this agreement . Page 4 of 16 Pages Sovereignty Submerged Lands Lease No . 310008014