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A TRUE COPY A ,"RUE COPY CFRTIFICATION ON LAST PAGE Cc J.R. SMITH, CLERK RTFiCATION ON LAST PAGE J.R. SMITH, CLERK (1) LANDLORD shall have the right to immediately reenter and take possession of the Leased Premises; and (2) All title to and interest in any structures built and improvements made by TENANT upon the Leased Premises shall vest in LANDLORD. (c) If the project intended for construction on the Leased Premises is a phased project, all construction and phasing shall be in accordance with the applicable laws and ordinances relating to such construction. (d) In advance of any and all construction projects by TENANT on the Leased Premises, TENANT, at Tenant's expense, shall procure and provide LANDLORD with a copy of a Part 77 Airspace Study approved by the Federal Aviation Administration. (e) In advance of any and all construction activity by TENANT on the Leased Premises, TENANT shall provide LANDLORD with copies of each and every permit required and granted for such development, together with a complete set of site plans and construction plans approved by the appropriate governing authority. (f) LANDLORD and TENANT have agreed to the construction of these improvements as a means to facilitate these improvements to Leased Premises leased to TENANT, which improvements are paid for by TENANT'S operation and management. Both parties recognize that these are capital improvements made to enhance airport operations and efficiency, and for the benefit of general aviation and the general public. The costs of such improvements are not rent, they are not payments in lieu of rent, and they are not made for the right to occupy the premises. Rent payment subject to the tax imposed in section 212.031, Florida Statutes, are provided for exclusively in Lease Agreement. Page 16 of 38 N:\Client Docs\Airport\Attachment B\2016.February.16.A7TACHHENT B.docx