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3 . EXAMINATION OF LESSEE' S RECORDS: The Lessor is hereby specifically authorized and empowered to <br /> examine, for the term of this lease including any renewals, plus three (3) additional years, at all reasonable hours, the books, <br /> records, contracts, and other documents confirming and pertaining to the computation of annual lease payments as specified in <br /> paragraph two (2) above. <br /> 4. MAINTENANCE OF LESSEE ' S RECORDS: The Lessee shall maintain separate accounting records for: <br /> (i) gross revenue derived directly from the use of the leased premises, (ii) the gross revenue derived indirectly from the use of <br /> the leased premises, and (iii) all other gross revenue derived from the Lessee's operations on the riparian upland property. The <br /> Lessee shall secure, maintain and keep all records for the term of this lease and any renewals plus three (3) additional years. <br /> This period shall be extended for an additional two (2) years upon request for examination of all records and accounts for lease <br /> verification purposes by the Lessor . <br /> 5. PROPERTY RIGHTS : The Lessee shall make no claim of title or interest to said lands hereinbefore described by <br /> reason of the occupancy or use thereof, and all title and interest to said land hereinbefore described is vested in the Lessor. <br /> The Lessee is prohibited from including, or making any claim that purports to include, said lands described or the Lessee's <br /> leasehold interest in said lands into any form of private ownership, including but not limited to any form of condominium or <br /> cooperative ownership. The Lessee is further prohibited from making any claim, including any advertisement, that said land, <br /> or the use thereof, may be purchased, sold, or re-sold. <br /> 6. INTEREST IN RIPARIAN UPLAND PROPERTY• During the term of this lease, the Lessee shall maintain a <br /> leasehold or fee simple title interest in the riparian upland property and if such interest is terminated, the lease may be <br /> terminated at the option of the Lessor. Prior to sale and/or termination of the Lessee's leasehold or fee simple title interest in <br /> the upland property, Lessee shall inform any potential buyer or transferee of the Lessee's upland property interest of the <br /> existence of this lease and all its terns and conditions and shall complete and execute any documents required by the Lessor to <br /> effect an assignment of this lease, if consented to by the Lessor. Failure to do so will not relieve the Lessee from responsibility <br /> for full compliance with the terms and conditions of this lease which include, but are not limited to, payment of all fees and/or <br /> penalty assessments incurred prior to such act. <br /> 7. ASSIGNMENT OF LEASE: This lease shall not be assigned or otherwise transferred without prior written <br /> consent of the Lessor or its duly authorized agent. Such assignment or other transfer shall be subject to the terms, conditions <br /> and provisions of management standards and applicable laws, rules and regulations in effect at that time. Any assignment or <br /> other transfer without prior written consent of the Lessor shall be null and void and without legal effect. <br /> 8. INDEMNIFICATIONANVESTIGATION OF ALL CLAIMS,• The Lessee shall investigate all claims of every <br /> nature at its expense. Each parry is responsible for all personal injury and property damage attributable to the negligent acts or <br /> omissions of that party and the officers, employees and agents thereof. Nothing herein shall be construed as an indemnity or a <br /> waiver of sovereign immunity enjoyed by any party hereto, as provided in Section 768 .28, Florida Statutes, as amended from <br /> time to time, or any other law providing limitations on claims. <br /> 9. VENUE: Lessee waives venue as to any litigation arising from matters relating to this lease and any such litigation <br /> between Lessor and Lessee shall be initiated and maintained only in Leon County, Florida. <br /> Page L of 15 Pages <br /> Sovereignty Submerged Lands Lease No. 31 014 <br />