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, � , <br /> LEASE <br /> THIS LEASE, made and entered into by and between the City of Decatur, Illinois, a <br /> municipal corporation (hereinafter referred to as "Citv"), and ABG ILLINOIS, LLC <br /> ("Archwav"), a Delaware limited liability company licensed to conduct business in the <br /> State of Illinois. <br /> WITNESSETH: <br /> 1. Premises. The City does hereby demise and lease to Archway the <br /> following described premises: <br /> a. A maximum of 35 Parking Spaces in Parking Garage B located at <br /> the northwest corner of Water and North Streets, City of Decatur, <br /> Illinois. The City acknowledges and agrees that Archway will <br /> initially lease a minimum of 27 Parking Spaces and will have an <br /> the option to lease additional Parking Spaces up to a maximum <br /> number of 35 (the "Option"). In order to exercise all or part of its <br /> Option, Archway may from time to time deliver written notice to <br /> the City indicating Archway's exercise of all or a portion of its <br /> Option to lease additional Parking Spaces specifying the effective <br /> date for the lease for such additional Parking Spaces to become <br /> effective, and the City shall make such additional Parking Spaces <br /> available on such date. However, in exercising its right to lease <br /> additional Parking Spaces, Archway shall first give City a <br /> minimum of sixty(60) days written notice of the change. Archway <br /> may restrict access to the Parking Spaces leased pursuant hereto as <br /> set forth in Section 11 a below, within such Parking Garage B <br /> identified on Exhibit A attached hereto an incorporated herein by <br /> this reference. <br /> 2. Term. The term of this lease shall commence on August 1, 2007 <br /> ("Commencement Date") and shall terminate on July 31, 2022, except as <br /> may be earlier terminated by the provisions of this Lease. <br /> 3. Rent. The Rent shall vary based on the number of Parking Spaces leased <br /> by Archway pursuant to its Option at any time period at a rate of Ten <br /> Dollars ($10.00) per leased Paxking Space per month. Archway shall pay <br /> to the City the calculated rent based on the number of Parking spaces <br /> leased pursuant hereto. Rent shall be paid on an annual basis in advance, <br /> with the first annual payment due on the Commencement Date and on <br /> each yearly anniversary of the Commencement Date thereafter for the <br /> duration of the Lease. Additional rent will be due and payable on a pro <br /> rata basis if additional Parking Spaces are leased pursuant to Archway's <br /> Option after an annual rent payment has already been made for a particular <br /> calendar year. Archway shall pay such additional rent for such additional <br /> Parking Spaces on or before the effective date specified in Archway's <br /> AT1 32371889.9/37574-000001 <br /> 1 <br />