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AMENDMENT TO TERMINATION OF LEASE AGREEMENT <br />THIS AMENDMENT TO TERMINATION OF LEASE AGREEMENT <br />("Termination Amendment") is entered into as of the 24th day of May, 2016, by and between <br />Indian River County, a political subdivision of the State of Florida, by and through its Board of <br />County Commissioners, whose address is 1801 27'h Street, Vero Beach, Florida, (the "Lessor"), <br />and Indian River Sports Complex, Inc., a Florida non-profit corporation, (the "Lessee"): <br />RECITALS <br />WHEREAS, on August 20, 2013, Lessor executed a Lease Agreement for a ten-year lease <br />with Lessee for 11.76 acres of land commonly known as the 16`h Street Ball Fields, located at the <br />intersection of 16`h Street and 17`h Avenue in the City of Vero Beach, Florida; and <br />WHEREAS, on December 10, 2013, the Lessor and Lessee entered into the First <br />Amendment and Modification of Lease Agreement in order to include an additional 0.52 acre <br />parcel (collectively is referred to as the "Property"); and <br />WHEREAS, under the Lease Agreement and the First Amendment and Modification of <br />Lease Agreement (collectively referred to as the "Agreement"), Lessee was responsible to perform <br />various improvements to the Property and maintain the Property; and <br />WHEREAS, as the Lessee is unable to fulfil its obligations under the Agreement, the <br />Lessee and Lessor executed a Termination of Lease Agreement, dated February 16, 2016 (the <br />"Termination"); and <br />WHEREAS, per the Termination, the Agreement was set to expire on June 1, 2016; and <br />WHEREAS, Lessor has decided to sell the Property; and <br />WHEREAS, Lessee acknowledges that the Property will likely be sold in the near future, <br />and <br />WHEREAS, the Lessee wishes to operate a youth baseball league on the Property while <br />Lessor is moving forward with the sale of the Property; and <br />WHEREAS, Lessor and Lessee have agreed that the it would be advantageous to amend <br />the Termination to allow the Lessee to operate a youth baseball league until the Lessor approves <br />the sale of the Property; <br />NOW THEREFORE, in consideration of the mutual undertakings herein and other good and <br />valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties <br />agree, as follows: <br />1. Recitals. The above recitals are true and correct and are incorporated herein. <br />Page 1 of 2 <br />93 <br />