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LEASE AGREEMENT Airmasters Field at North County Park Lease No. 4490 THIS LEASE AGREEMENT, made and entered into this 2'- day of f,Ut 204-, by and between the BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA hereinafter referred to as "LESSOR," and INDIAN RIVER COUNTY, FLORIDA, hereinafter referred to as "LESSEE." LESSOR, for and in consideration of mutual covenants and agreements hereinafter contained, does hereby lease to said LESSEE, the lands described in paragraph 2 below, together with the improvements thereon, and subject to the following terms and conditions: 1. DELEGATIONS OF AUTHORITY: LESSORIS responsibilities and obligations herein shall be exercised by the Division of State Lands, Department of Environmental Protection. 2. DESCRIPTION OF PREMISES: The property subject to this lease contains 165.24 acres, is situated in the County of Indian River, State of Florida and is more particularly described in Exhibit "A" attached hereto and hereinafter called the "leased premises". 3. TERM: The term of this lease shall be for a period of 50 years commencing on C V� Z ooS and ending on U U/ve Z f Z D,.-rr unless sooner terminated pursuant to the provisions of this lease. 4. PURPOSE: LESSEE shall manage the leased premises only for the conservation and protection of natural and historical resources and for resource based public outdoor activities and education which are compatible with the conservation and protection of these public lands, as set forth in subsection 259.032(11), Florida Statutes, along witJq other related uses necessary for the accomplishment of this purpose as designated in the Management Plan required by paragraph 8 of this lease. 5. QUIET ENJOYMENT AND RIGHT OF USE: LESSEE shall have the right of ingress and egress to, from and upon the leased premises for all purposes