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4b 40 P Section 2:03. QphQLtq &M. The Dodgers shall have four (4) successive options to renew this Agreement For a Renewal Term. The Dodgers shall exercise their right and option for each Renewal Term by serving written notice upon the County of their election to exercise each said t option at least one (1) year before the expiration of the then -current Term. If the Dodgers fail to provide such notice within the aforementioned time, then the Dodgers' right and option to renew shall l continue in full force until the County notifies the Dodgers that the renewal notice has not been received and the Dodgers fail to exercise their renewal rights within sixty (60) days after receipt of the County's notice, it being the intention of the parties that the Dodgers shall not lose any renewal right through inadvertence. Each Renewal Term shall be upon the same terms and conditions as the Initial Term, Section 2.04. R= The Dodgers shall pay to the County the sum of One Dollar ($ LOD) per Lease Year as rent payable in advance. Section 2.05. option to Purcbase. As provided in the deed to the County from the Dodgers for the Land and Existing Facilities,, if, at any time during the Term, the County offers to sell the Facility, the Dodgers shall have a right of first refusal to purchase the Facility for the lowest purchase price which the County would accept from any third party. The County shall not sell the Facility to any third party during the Term until the Dodgers have been given written notice of the purchase price and an opportunity to purchase the Facility for such price. In addition, immediately following the date oil which the Bonds have been paid and retired and continuing until tiie expiration or earlier ' termination of the Term, if the Dodgers are still in possession of the Facility, then the Dodgers shall have the option to purchase the Facility at the Facility's then fair market value, whether or not the County desires or has offered to sell the Facility to a third party. Tile then Fair market value of the ` Facility shall be calculated in accordance with the provisions set forth in Section 10.07, below. ARTICLEI[I DODGERS' USE OF THE FACILITY l Section 3.01.rR� =ran f Mantnent ishts with ReLi4 tllg itv. The i County hereby leases to the Dodgers, and lite Dodgers hereby lease from the County, the Facility. t (Except as otherwise provided in this Agreement, the Dodgers shall have the exclusive right to use, manage, and operate the Facility at their sale discretion in accordance with the terms and purposes of this Agreement. During tlae Term, the County shall not tease to or grant to any person ether than the Dodgers, the right to use, manage, ar operate the Facility, subject to the provisions of Section 6.04, below. t Section 3.02. Thc Dod rs' ]lights and Dbliga ion . Except as specifically provided in this Agreement, the Dodgers shall be exclusively responsible For managing, operating, and maintaining the Facility at their sole discretion and expense during the Term in accordance with the Maintenance Standards. The Dodgers shall not cause, permit, or sutler any waste or damage, disfigurement, or Page 6 of 27