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243.57 -ACRE CATTLE LEASE AGREEMENT This Agricultural Lease Agreement, (hereinafter known as "Lease") is entered into this April 22, 2025, by and between Bailes Ranch II (Hereinafter known as "Tenant") whose address is 6325 21St Street SW, Vero Beach, FL. 32968 and Indian River County (Hereinafter known as "Landlord"), whose address is 1801 27th Street, Building A, Vero Beach, FL, 32960. WITNESSETH: That in consideration of the covenants and agreements hereinafter set forth, to bekept and performed by both parties, the improved pastureland real property (Hereinafter known as "Property"). The real Property more particularly described and identified as "Commander Grove" consisting of 203.81 acres located at 375 82nd Ave., Vero Beach, Florida. Indian River County and 39.76 acres located at 8250 1s' Street SW, Vero Beach, Florida. Indian River County. The total for the entire leased area is 243.57 acres Term and Terms of Lease: The term of this Lease shall be for a period of Five (5) years with the option of three (3) one-year extensions to run consecutively under the terms as set forth below; and commencing on the date mentioned above with the initial five (5) year term to end on April 22, 2030. The Landlord shall be provided two (2) keys and or Combo (within 7 days of lock change) to gate lock and provided ingress and egress to Landlord, agents, visitors and invitees to said Lease property at Landlords request. No subletting, sub leasing, and third -party leases will be accepted and terminate any and all agreements set forth in this Lease. The purpose of the Lease is solely for grazing livestock and Tenant shall at all times use reasonable standards of husbandry for grazing of livestock. Lease Payments: Tenant shall pay to Landlord the sum of $22.54 per acre per year based at 243.57 acres the sum of $5,490.07 to be paid within 30 days of said document date mentioned above. All subsequent years will be paid in full on April 22, of subsequent years of Lease term. Fencing and Land Maintenance: A substantial fence of at least five (5) strands of barbed wire shall be constructed around the portion of said Lease which will contain livestock. The tenant shall be responsible for purchasing, constructing and maintaining any and all fences and/or fencing necessary to contain livestock. If at any time any County right of ways, easement and/or any Department of Utility Services' right of way or easement comes into question, Tenant shall move fencing or provide ingress and egress to said County and/or Utility agents at Tenant's expense with no expense to Landlord. It is required that Property be mowed and or chopped yearly within total confines of perimeter fencing at tenant's expense. Dwellings: No homes/houses or storage barns will be included in this Lease. Tenants shall not be permitted to put any mobile home, dwelling or other structures for the purpose of occupancy of any means. 200