Loading...
HomeMy WebLinkAboutLEASE AGREEMENT BETWEEN AUGUGA GA FOR AUGUSTA REGIONAL AIRPORT DOLLAR/THRIFTY RENT-A--CARLEASE AGREEMENT BETWEEN AUGUSTA, GEORGIA FOR THE AUGUSTA REGIONAL AIRPORT AND DOLLAR/THRIFTY -GSP TRANSPORTATION, INC. d/b /a THRIFTY RENT -A -CAR LEASE AGREEMENT THIS LEASE AGREEMENT (Agreement) made this day of , by and between Augusta Georgia (Lessor) on behalf of the Augusta Aviation Commission (Commission), an agency of Augusta, Georgia and Dollar /Thrifty -GSP Transportation, Inc. d/b /a Thrifty Rent -A -Car, a corporation existing under the laws of the state of Delaware (Lessee). WITNESSETH: WHEREAS, the Augusta Regional Airport (Airport) is owned by Augusta, Georgia and operated by the Aviation Commission; and WHEREAS, the Aviation Commission has the right to grant the privilege of occupancy of portions of the Airport to Lessee and others, in accordance with applicable Augusta Georgia ordinances and subject to the terms and conditions hereinafter set forth; and WHEREAS, Lessee is a corporation primarily engaged in the business of renting automobiles to Airport passengers and the public; and WHEREAS, both the Lessor and Lessee desire to enter into this Lease to provide space for the Lessee to conduct its business at the Airport and terms and conditions for the operations of the Rental Car Concession; and NOW THEREFORE, in consideration of the mutual covenants and considerations herein contained, the Lessor and Lessee hereby agree as follows: SECTION 1 DEFINITIONS; CONSTRUCTION Definitions. Certain capitalized words and terms used in this Lease are defined in the text herein. The following words and terms are defined terms under this Lease: 1.1 "Airport" shall mean the lands and facilities owned by the Lessor and operated by the Aviation Commission known collectively as Augusta Regional Airport, as it now exists and as it may change from time to time. 1.2 "Airport Concession Disadvantaged Business Enterprise" or "ACDBE" shall mean, a business, whether it is a corporation, sole proprietorship, partnership or joint venture certified as an ACDBE by the Airport, or State of Georgia, of which at least fifty -one percent (51%) of the interest is owned and controlled by one or more socially and economically disadvantaged individuals as defined in the Airport and Airways Safety and Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 1 Capacity Expansion Act of 1987 and the regulation promulgated pursuant to 49 CFR Part 23 1.3 "Airport Customer" shall mean (i) any person who comes to the Airport by any means of transportation and enters into a motor vehicle rental agreement with Lessee at Lessee's Rental Car concession; and (ii) any person who enters into a motor vehicle rental agreement with Lessee at any of Lessee's rental car operations located within a one (1) mile radius of the Airport's boundary line or takes delivery from the Lessee or returns a motor vehicle rented from the Lessee. 1.4 "Airport Executive Director" shall mean Gary LeTellier, or any other such person designated by the Aviation Commission to exercise functions with respect to the rights and obligations of the Aviation Commission under this Lease. 1.5 "Augusta Aviation Commission" or "Commission" shall mean the Commissioners tasked with the overall administration of the Airport. 1.6 "Augusta, Georgia or "Lessor" shall mean the governing authority of Augusta - Richmond County, Georgia. 1.7 "Best Management Practices" shall include those environmental or operational standards or guidelines specifying common and accepted practices appropriate for the types of businesses Lessee, its contractors, agents or vendors engage in on the Airport or such standards or guidelines as have been articulated by pertinent trade associations, professional associations or regulatory agencies, including (but not limited to) Best Management Practices developed by the Airport cooperation with its tenants, including Lessee. Best Management Practices shall be subject to approval by the Airport Director. 1.8 "Common Use Area" shall mean and refer to those portions of the Airport shared equally by all rental car agencies or airlines. 1.9 "Concessionaire" shall mean and refer to Dollar /Thrifty -GSP Transportation, Inc. d/b /a Thrifty Rent -A -Car. "Concessionaire" when used in the plural, shall mean and refer to all concessionaires having executed an agreement related to the operation of a rental car concession at the Airport. 1.10 "Counter Space" shall mean and refer to that area designated by the Lessor inside the terminal provided to the Lessee for conducting rental car operations. 1.11 Days" (whether capitalized or not) shall, unless otherwise specified, mean and refer to calendar days, not business days. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 2 1.12 "Environmental Laws" means all federal, state, and local laws, rules, regulations, ordinances, programs, permits, guidance, orders, and consent decrees relating to health, safety, and environmental matters, including, but not limited to, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, the Toxic Substances Control Act, as amended, the Clean Water Act, as amended, the Clean Air Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, state and federal super lien and environmental cleanup programs and laws, and U.S. Department of Transportation regulations. 1.13 "Event of Default" shall mean those events set forth in Section 28 of this Lease which may cause the termination thereof 1.14 "FAA" shall mean the Federal Aviation Administration of the U.S. Government or any federal agencies succeeding to its jurisdiction. 1.15 "Gross Revenues" shall mean and refer to all consideration of any kind - whether cash transactions, credit card or in kind - received, and any other form of billing used, derived and /or billed by the Lessee from: 1.15.1. any rental of a motor vehicle to any person from any point on the Airport or from any rental of a motor vehicle to any person returned to the Lessee, or its agent, to any point on the Airport or within one (1) mile of the Airport; and/or 1.15.2. All revenue received by the Lessee from every Airport Customer who either executes an agreement for the rental of a motor vehicle, or takes delivery of a motor vehicle from the Lessee. Gross Revenue shall be deemed received at the time of the sale, lease, or service transaction occurs, giving rise to the Lessee's right to collect such monies, regardless of whether the transaction was for cash or credit; and, if for credit, regardless of whether the Lessee ultimately collects the money owed from the Airport Customer. 1.16 "Lease" or "Agreement" shall mean and refer to this Lease Agreement between the Lessor and Lessee, together with the exhibits to the Lease Agreement and all agreements supplemental to or modifying the Lease Agreement, whether made contemporaneously therewith or subsequent thereto, which is incorporated herein by reference. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 3 1 17 "Leased Premises" or "Premises" shall mean the area leased to Lessee to conduct business as set forth on Exhibits "A ", `B" and "C" and incorporated herein by reference, together with all improvements located thereon, any improvements to be constructed, and all easements (excluding easements for light and air), rights of way and appurtenances pertaining thereto. 1 18 "Legal Requirements" shall mean and refer to all laws, statutes and ordinances including building codes and zoning regulations and ordinances and the orders, rules, regulations and requirements (whether now or hereafter in effect) of all federal, state, county, city or other local jurisdiction departments, agencies, bureaus, offices and other subdivision thereof, or any official thereof, or of any other governmental, public or quasi - public authority, which may be applicable to or have jurisdiction over the premises, or the sidewalks or streets adjacent thereto and all requirements, obligations and conditions of all instruments of record on the date of this. 1.19 Lessee shall mean Dollar /Thrifty -GSP Transportation, Inc. d/b /a Thrifty Rent -A -Car, a corporation authorized to do business in the state of Georgia. 1.20 "Lien" shall mean and refer to any mortgage, lien, security interest, encumbrance, charge on, pledge of, conditional sale or other encumbrance on the premises. 1.21 "Notice of Default" shall mean and refer to written notice of any Event of Default to Lessee. Such notice, for all purposes, shall be in lieu of, and not in addition to, any notice required as a prerequisite to an unlawful detainer or similar action for possession of the Premises. 1.22 "Personal Property" shall mean the trade fixtures, equipment, conveyors, inventory, furniture, or supplies owned or leased by Lessee (from a party other than the Lessor or the Aviation Commission) and installed or used at the Airport in the conduct of Lessee's car rental business that are removable from Lessee's Premises without substantial or permanent injury or damage to Lessee's Premises. 1.23 "Public Areas" shall mean those areas of the Airport not leased to any person, company, or corporation that are open to use by the general public. 1.24 "Ready Return Space" shall mean that consolidated area of the Airport designated for the return and parking of rental vehicles. 1.25 "Rental Car Concession" shall mean and refer to the privilege to operate a rental car concession at the Airport on a nonexclusive basis for the purpose of arranging rental car Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 4 services for the benefit of Airport Customers, where such rental car service is furnished by or on behalf of Lessee. 1.26 "Rules and Regulations" shall mean those rules, regulations, and ordinances promulgated by the Aviation Commission or operating directives issued by the Airport Director, as the same may be amended, modified, or supplemented from time to time to the extent that such rules, regulations, and ordinances are not in conflict with the purposes of this Lease. 1.27 "Service Area Space" shall mean that area of the Airport designated for the washing of vehicles. 1.28 "TSA" shall mean the Office of Homeland Security and Transportation Security Administration, or their authorized successor(s). SECTION 2 REPRESENTATIONS AND UNDERTAKINGS It is understood and agreed under this Agreement that the Aviation Commission is the operator of the Airport for the use and benefit of the public that Augusta, Georgia is the owner of the Airport and that Lessee is only the Lessee of the Leased Premises herein described with only the privileges provided for in this Agreement. 2.1 Representations by the Lessor. The Lessor makes the following representations and warranties as the basis for the undertakings on its part herein contained: 2.1.1 Creation and Authority. The Lessor is a public body corporate and politic, duly created and validly existing under the laws of the State of Georgia. 2.1.2 The Lessor is the owner of the Premises, has all requisite power and authority under the laws of the State of Georgia (i) to lease the same to the Lessee, and (ii) to enter into, perform its obligations under, and (iii) to exercise its rights under this Lease. 2.2 Representations by the Lessee. The Lessee makes the following representations and warranties as the basis for the undertakings on its part herein contained: 2.2.1 Organization and Power. The Lessee is a corporation duly organized, validly existing, and in good standing under and by virtue of the laws of the State of Delaware, is authorized to do business in the State of Georgia, and has all requisite power and authority to enter into this Lease and perform its obligations and exercise its rights under the same. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 5 2.2.2 Agreements Are Legal and Authorized. The Lessee warrants that the consummation of the transactions herein contemplated, and the fulfillment of or the compliance with all of the provisions hereof (i) are within the power, legal right, and authority of the Lessee, (ii) have been duly authorized by all necessary and appropriate action on the part of the members of the Lessee, (iii) have been duly executed and delivered on the part of the Lessee, (iv) are legal, valid and binding as to the Lessee, subject to bankruptcy, moratorium and other equitable principles, and (v) will not conflict with or constitute on the part of the Lessee a violation of, or a breach of or a default under, any charter instrument, bylaw, indenture, mortgage, deed to secure debt, pledge, note, lease, loan, installment sale agreement, contract, or other agreement or instrument to which the Lessee is a party or by which the Lessee or its properties are otherwise subject or bound which would have a material adverse impact on the Lessee's ability to perform its obligations hereunder, or any judgment, order, writ, injunction, decree, or demand of any court or governmental agency or body having jurisdiction over the Lessee or any of its activities or properties. 2.3 No Defaults. No event has occurred and no condition exists that would constitute an Event of Default by the Lessee or which, with the lapse of time or with the giving of notice or both, would become an Event of Default by the Lessee hereunder. 2.4 Disclosure. The representations of the Lessee contained in this Lease and/or any certificate, document, written statement, or other instrument furnished by or on behalf of the Lessee to the Lessor in connection with the transactions contemplated hereby, do not contain any untrue statement of a material fact and do not omit to state a material fact necessary to make the statements contained herein or therein not misleading. Lessee states that there is no fact that it has not disclosed to the Lessor in writing that materially and adversely affects or in the future may (so far as the Lessee can now reasonably foresee) materially and adversely affects the Lease or the ability of the Lessee to perform its obligations under the Lease. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 6 SECTION 3 LEASING CLAUSE; SECURITY; TITLE The Lessor, duly authorized, for and in consideration of the rents, covenants, agreements, and stipulations hereinafter mentioned, reserved and contained, to be paid, kept and performed by the Lessee, has leased and rented, and by these presents does lease and rent, unto the said Lessee, for Lessee's use, and said Lessee hereby agrees to lease and take upon the terms and conditions which hereinafter appear, the Premises. SECTION 4 TERM; POSSESSION 4.1 Effective Date; Lease Term. This Lease shall become effective upon its execution and approval by the Lessor, for a period of years (the "Lease Term "), commencing on 1, 20 . The Lease Term shall expire at 11:59 p.m., Georgia time, on 31, 201 , subject to the provisions of this Lease permitting earlier termination. Notwithstanding any expiration or termination of this Lease, those covenants and obligations that by the provisions hereof are stated to survive the expiration or termination of this Lease shall survive the expiration or earlier termination of this Lease. This Lease shall create a usufruct only and not an estate for years. 4.2 Effect of Termination. No termination of this Lease prior to the normal ending thereof, by lapse of time or otherwise, shall affect Lessor's right to collect rent for the period prior to termination thereof 4.3 Delivery of Possession. The Lessee shall, commencing with the Effective Date of this Lease, have possession, custody and control of the Premises as it exists on such date, and the Lessee hereby accepts such possession, custody and control. 4.4 Quiet Enjoyment, Ingress and Egress. Lessor covenants and warrants that Lessee, so long as it shall pay the rentals herein stipulated and shall perform the duties and obligations herein agreed to be performed by it, shall peaceably and quietly have, hold and occupy and shall have the use and enjoyment of the Leased Premises during the term of this Lease and any extensions thereof, including but not limited, to ingress and egress for Lessee and its customers. 4.5 The foregoing notwithstanding this Lease Agreement may be canceled at any time in writing by either party upon thirty (30) days notice, or upon such longer period a may be provided in such notice. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 7 SECTION 5 LEASED PREMISES 5.1 For the terms and upon the conditions and for the consideration hereinafter set forth, the Lessor has leased and does hereby lease to Lessee and Lessee does hereby rent and lease from the Lessor, the property designated for Lessee shown on Exhibit A to this Lease (the Leased Premises) for its exclusive use. 5.2 Lessee shall use the Leased Premises for the conduct of its automobile rental operation, which includes, in the areas designated on Exhibit A for this Lessee, the negotiation of rates for the rental of automobiles to patrons, passengers, and others. 5.3 The Lessor reserves the right to enter upon the Leased Premises at any time for the purpose of further developing and improving said premises as it sees fit, regardless of the desires of Lessee, and without interference or hindrance, and at the Lessor's sole cost and expense. 5.4 Lessee shall not attach any posters, pictures, advertisement, signs, or the like on the walls or the counters located in the Airport, without the prior written consent of the Lessor. 5.5 Counter Space. The Lessee shall be provided three hundred eighty (380) square feet of counter space as depicted on Exhibit A to conduct its car rental business at the Airport. The Lessor shall have the right to move the counter and operation of Lessee upon giving thirty (30) days written notice to any location within the Airport terminal. 5.6 Ready Return Space. The Lessor shall provide Lessee eighteen (23) ready return parking spaces. Said spaces will be provided on the Airport as shown on Exhibit B. Lessee acknowledges that the Executive Director may reassign parking spaces from time to time to accommodate the needs of the traveling public and Airport operations. 5.7 Car Wash Facilities. The Lessor shall provide Lessee with facilities to wash its rental vehicles as shown on Exhibit C. The Lessee acknowledges that the Lessor may cease providing these car wash facilities upon thirty (30) days written notice. SECTION 6 ACCEPTANCE, MAINTENANCE AND REPAIR 6.1 Lessee accepts the Leased Premises in their present condition and agrees to maintain the Leased Premises, counter and equipment owned by Lessee and installed on said premises in good state of repair at all times during the life of this Lease. Lessee warrants that it has inspected the Premises and accepts possession of the Lease Premises and any Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 8 improvements thereon "as is" in its present condition, and subject to all limitations imposed upon the use thereof by the rules and regulations of the FAA, TSA and by ordinances of the Lessor, and admits its suitableness and sufficiency for the uses permitted hereunder. Except as may otherwise be provided for herein, the Lessor shall not be required to maintain nor to make any improvements, repairs restorations upon or to the Premises or to any of the improvements presently located thereon. Lessor shall never have any obligation to repair, maintain or restore, during the term of this lease, any improvements placed upon the Premises by Lessee, its successors and assigns. 6.2 Lessee, without limiting the generality hereof, shall: 6.2.1 keep at all times, in a clean and orderly condition and appearance, the Premises, all improvements thereon and all of the Lessee's fixtures, equipment and personal property which are located on any part of the Premises; 6.2.2 repair any damage caused by Lessee or its invitees, tenants, or contractors to paving, soils, water or other parts of the Premises caused by any oil, gasoline, grease, lubricants, solvents, flammable liquids, or substances having a corrosive or detrimental effect thereon, and remediate any release caused by Lessee or any of its invitees, tenants or contractors of any substance that has a harmful effect on human health or the environment as determined by any regulatory agency. SECTION 7 SIGNS Lessee's Premises in the Airport terminal shall be clearly signed and designated at all times during the Lease Term with the Lessee's specific identification and sufficient operational signage to ensure the safe and efficient operation of the Rental Car Concession and provision of services. Except as specifically permitted by Lessor, Lessee shall not attach to or paint on or within the Premises (including the walls, windows and doors thereof) any signs or other advertising matter, symbols canopies or awnings. At the termination or sooner expiration of this Lease, all signs, advertising matter, symbols canopies or awnings attached to or painted by Lessee shall be removed by Lessee at its own expense, and Lessee shall repair any damage or injury to the Premises and correct any unsightly condition caused by the maintenance and removal of said signs, etc. Lessee shall not be permitted to advertise any products and/or services other than those of Lessee connected to the operation of the Rental Car Concession. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 9 SECTION 8 USE OF PREMISES 8.1 Lessee shall not use or occupy or permit the Premises or any part thereof to be used or occupied, no do or permit anything to be done in or on the Premises, in whole or in part, in a manner which would in any way (i) violate any then - applicable legal requirements, or (ii) violate any of the covenants, agreements, provisions and conditions of this Lease (iii) violate the certificate of occupancy then in force with respect thereto, or (iv) may make it difficult for either the Lessor to obtain fire or other insurance required hereunder, or (v) as will constitute a public or private nuisance. 8.2 Lessee shall not use or occupy or permit the Premises to be used or occupied, in whole or in part, in a manner which, in the Lessor's reasonable judgment, may or tends to, impair or interfere with (i) the character, reputation or appearance of the Premises or the Airport; or (ii) the use of any other Airport property. 8.3 Lessee shall not do or permit or suffer any waste, damages, disfigurement or injury to or upon the Premises or any part thereof. 8.4 In connection with the exercise of its rights under this Lease, Lessee shall not: 8.4.1 Do or permit its agents, employees, directors, or officers to do anything on or about the Airport that may interfere with the effectiveness or accessibility of the drainage and sewage system, electrical system, air conditioning system, fire protection system, sprinkler system, alarm system, and fire hydrants and hoses, if any, installed or located on or within the premises of the Airport. 8.4.2 Bring, keep or store, at any time, flammable or combustible liquids on the premises, except in storage containers especially constructed for such purposes in accordance with federal, state, and county laws, including the Uniform Fire Code and the Uniform Building Code. For the purposes of this Lease, flammable or combustible liquids shall have the same definitions as set forth in the most recent Uniform Fire Code. 8.4.3 Do or permit its agents, employees, directors, or officers to do any act or thing upon the Airport that will invalidate or conflict with any fire or other casualty insurance policies covering the Airport or any part thereof. 8.4.4 Do or permit its agents, employees, directors, or officers to do any act or thing upon the Airport that will jeopardize the Airport's Operating Certificate. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 10 8.4.5 Do or permit its agents, employees, directors, or officers to do any act or thing in conflict with the Airport's Security Plan. 8.4.6 Use the Premises for any illegal purposes, nor in violation of FAA, TSA and/or the Airport's Rules or Regulations, as amended from time to time, or any regulation of any other governmental entity. 8.4.7 Use the Premises in any manner that will create any nuisance or trespass with respect to other tenants; constitute any unreasonable annoyances, obstruction or interference with operations; or in any manner interfere with, obstruct, block or violate in any manner, the navigable airspace above the Airport in compliance with 14 C.F.R. § 77.5 and/or other regulations as implemented by the Airport, the FAA or as may be implemented by the TSA. 8.4.8 Cause or permit any hazardous materials to be placed, stored, generated, used, released, or disposed of in, on, under, about, or transported from any Airport premises by Lessee, its agents, employees, contractors, or other person unless it has complied with the following: with respect to hazardous materials other than oil, petroleum products, cleaning products, and/or flammable substances reasonably necessary in connection with Lessee's aeronautical activities, the prior written consent of the Airport Executive Director shall be required, which shall not be withheld unreasonably. The Lessor may impose, however, as a condition of such consent, such requirements as the Lessor in its sole discretion may deem reasonable or desirable, including, without limiting the generality of the foregoing, requirements as to the manner in which, the time at which, and the contractor by whom such work shall be done, and Lessee must comply with all environmental laws and regulations (including compliance with all Environmental Protection Agency requirements concerning clean-up) , and with prudent business practices, with respect to such hazardous materials, and the presence of hazardous materials must be reasonably necessary for the operation of Lessee's business. "Hazardous Material" shall mean: (1) any oil petroleum products, flammable substances, explosives, radioactive materials, hazardous wastes or substances, toxic wastes or substances, or any other wastes, materials, or pollutants that pose a hazard to the Airport premises or surrounding property; or to the safety and /or health of persons on or about the Airport and surrounding property and/or cause Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 11 Lessee's Premises to be in violation of any federal, state, or local laws governing or regulating hazardous materials; (2) asbestos in any form, urea formaldehyde foam insulation, transformers, or other equipment that contains dielectric fluid containing regulated levels of polychlorinated biphenyls, or radon gas; (3) any chemical, material, or substance defined as or included in the definition of "hazardous substances ", "hazardous waste ", "hazardous material ", "extremely hazardous waste ", "restricted hazardous waste ", "toxic substance ", or similar words under any applicable local, state, or federal laws, or any regulations promulgated pursuant thereto, including, but not limited to: the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (CERCLA), as amended, 42 U.S.C. § §9601, et seq.; the Hazardous Materials Transportation Act, as amended, 49 U.S.C. § §1801, et seq.; the Federal Water Pollution Control Act (Clean Water Act, or CWA), as amended, 33 U.S.0 § §1251 et seq.; the Resource Conservation and Recovery Act (RCRA), as amended, 42 U.S.C. § §6901, et seq.; the Toxic Substances Control Act (TSCA), as amended, 15 U.S.C. §§ 2601, et seq.; (4) any other chemical, material, or substance exposure that is prohibited, limited, or regulated by any government authority, and that may or could pose a hazard to the health and safety of occupants of the Airport, or to any person entering upon the Airport or adjacent property; and/or (5) any other chemical, material, or substance that may or could pose a hazard to the environment or a person. 8.5 Lessee shall use the Premises and the facilities of the Airport in accordance with published Airport Rules and Regulations. Lessee specifically agrees to comply with all present or future Rules and Regulations of the Airport that are promulgated for the general safety and convenience of the Airport, its various tenants, invitees, licensees and the general public and which do not materially affect the use and enjoyment of the Premises for the purposes for which they are intended under this Lease. Said Rules and Regulations may be examined by Lessee at the offices of the Airport's Aviation Services. SECTION 9 TRADE FIXTURES Except to the extent provided in repair or substitution of any improvements provided by the Lessor, Lessee shall retain ownership of: (i) all trade fixtures and business equipment and Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 12 furnishings from time to time installed by Lessees at its expense, and (ii) all Alterations and/or improvements that Lessee is required to remove at the end of this Lease pursuant to Section 4. Lessee may remove any of such fixtures; equipment or furnishings at any time during the Lease Term and shall remove all thereof prior to the expiration of the Lease Tern. Any such property not removed at the expiration of the Lease Term shall, at the election of the Lessor, become the property of the Lessor without payment to Lessee, or be deemed abandoned and removed by the Lessor, at Lessee's expense. Upon any removal of such property, Lessee shall promptly repair any and all damage to the Premises caused thereby and reimburse the Lessor for its costs and expenses in removing any such property not removed by Lessee and repairing any such damage not repaired by Lessee; this covenant shall survive the termination of this Lease. SECTION 10 OWNERSHIP OF IMPROVEMENTS It is mutually understood and agreed that title of all of the buildings and structures and all other improvements of a permanent character now on said Premises or that may be built upon the Premises by Lessee during the term of this Lease shall remain the property of the Lessor at the expiration of this Lease. In the event a renewal Lease between the parties cannot be effectuated, Lessee shall have ten (10) days in which to remove all of said Lessee's property that is not of a permanent character. SECTION 11 CONCESSION FEES For the privileges herein provided for the right to conduct a Rental Car Concession at the Airport, Lessee shall pay a monthly Concession Fee of Five Thousand Dollars and 00 /100 ($5,000.00) or ten percent (10 %) of Lessee's Gross Revenue, whichever is greater. 11.1 In determining Gross Revenue from the operation of said business for the purpose of computing the percentage rental, Gross Revenue shall mean all revenue or income received or recorded to be received on said Leased Premises, including, but not limited to, revenue from cash transactions, charge accounts locally controlled or billed through central offices, credit card transactions, accounts and services from automobile rentals, and any other form of billing used in the transaction of business by Lessee on the Airport; and all revenue as defined in 1.15, Definitions. 11.2 Gross Revenues shall, however, exclude: (a) any federal, state, county or Lessor sales or other similar taxes or surcharges that is levied on any rental car separately stated to and Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 13 collected from customer of Lessee and paid in full by Lessee to the taxing authority; (b) any amount received as insurance proceeds or otherwise for damage to vehicles or other property of Lessee, or for loss, conversion or abandonment of such vehicles and other equipment, personal property and trade fixtures; (c) revenue from the wholesale transfer of salvage vehicles; (d) all non - revenue rentals to employees of Lessee; and (e) the Customer Facility Charge. 11.3 Gross Revenue shall generally be determined by the total charges on the face of an Airport Customer's Receipt, less any charges specifically excluded above, in Section 11.2. Anything not explicitly excluded above shall be included within the Gross Revenue totals. 11.4 Gross Revenue shall not be reduced by reason of any commission or similar amount paid by the Lessee to travel agents or others. 11.5 All Concession Fee payments shall be made on or before the tenth (10th) day of the calendar month following the calendar month during which the Gross Revenue hereinabove described has been realized. Lessee shall also submit a statement that sets forth the total amount of Gross Revenue earned during the prior month. SECTION 12 GRANT OF CONCESSION 12.1 For the terms and upon the conditions and for the consideration hereinafter set forth, the Lessor grants to Lessee the right to operate a Rental Car Concession at the Airport on a nonexclusive basis for the purpose of arranging rental car and related service for Airport Customers. The concession rights and privileges granted and awarded to Lessee are expressly made subject to the terms of this Agreement. Lessee acknowledges and understands that the Lessor intends to grant Rental Car Concessions to other qualified companies on substantially the same terms and conditions contained herein. The award of concession rights and privileges to other rental car operators shall not constitute a violation of this Agreement. 12.2 Lessee shall use the Leased Premises for the conduct of its automobile rental operation, which includes, in the areas designated in this Agreement, for the negotiation of rates for the rental of automobiles to patrons, airline passengers, and others. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 14 12.3 Lessee shall operate on the Airport in compliance with the Airport's operational procedures, Rules and Regulations, and all applicable federal, state and local laws. SECTION 13 CONCESSION REQUIREMENTS The granting of the authority to the Lessee to operate at the Airport set forth in this Agreement will be on the following terms and conditions: 13.1 Lessee shall provide the highest degree and standards of quality services to the passengers and patrons of the Airport. 13.2 Lessee shall furnish prompt, efficient, first class service that is adequate to meet all responsible demands for services. SECTION 14 EMPLOYEES OF LESSEE 14.1 Lessee shall require all of its employees, subcontractors and/or independent contractors hired by Lessee working in view of the public, and about the Airport, to wear clean and neat attire and to display appropriate identification. 14.2 Lessee employees shall obtain identification badges from the Airport. Lessee will be responsible for paying for the cost of Transportation Security Administration (TSA) required employee background checks and badging. 14.3 Lessee shall employ a sufficient number of trained personnel to handle customer service, vehicle maintenance, vehicle handling, office and administrative duties necessary for the efficient and effective operation of the Rental Car Concession. Lessee's employees shall be properly trained and provide good customer service to customers. Employees shall conduct themselves in a professional and courteous manner at all times. All employees shall maintain a clean, neat and well - groomed appearance and shall wear a uniform or appropriate attire as established by Lessee. 14.4 Lessee's employees are not allowed to solicit business or to use pressure sales tactics. 14.5 Lessee agrees that at least one uniformed attendant shall be on duty at all times during the hours of operation of its counter. Attendant is to be a full -time employee of Lessee and shall wear a name tag and Airport identification badge while performing his/her duties. Employees shall at all times conduct themselves in an acceptable manner; there shall not be loud, boisterous or use improper language on the Airport. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 15 SECTION 15 HOURS OF OPERATION The hours of operation are those hours when the Airport Passenger Terminal Building is open for business, except when mutually agreed upon by Lessee and the Executive Director and upon receipt of written acknowledgment from the Executive Director of any such agreement. SECTION 16 OPERATING STANDARDS 16.1 Lessee's Rental car operations shall be conducted in a safe, clean and orderly condition at all times. No trash or debris shall be permitted to accumulate or be stored on any portion of the Leased Premises. 16.2 Payment: Lessee shall accept credit cards, debit cards and traveler's check as acceptable forms of payment for rental transactions. 16.3 Rental Vehicles: Lessee agrees to have available at all times well- maintained, late -model automobiles. In no instance shall the automobiles be more than three (3) years old. 16.3.1 Lessee shall maintain its vehicles in good and safe operating condition, free from known mechanical defects. Vehicles shall be maintained in a clean and attractive condition both inside and outside. The Aviation Commission shall have the right to prohibit the Lessee from offering for rent any vehicle which fails to meet the mechanical or appearance standards set forth herein. 16.3.2 Lessee shall have a sufficient number of vehicles to meet the reasonably foreseeable demands of the traveling public. 16.3.3 Lessee shall operate all of its vehicles in a safe manner and in accordance with all Airport, Lessor, state and federal regulations. All vehicles shall be properly licensed and insured. 16.3.4 Lessee shall obtain and maintain all such licenses and permits necessary to operate its car rental business. SECTION 17 BRANDING 17.1 Lessee shall operate at the Airport under the brand or trade name of Thrifty Rent A Car. During the term of this Agreement Lessee shall operate and maintain all signage only under this name. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 16 17.2 If Lessee uses any particular brand or trade name under a license or franchise agreement, Lessee represents and warrants that it has been granted the right to use such brand or trade name for the entire term of this Agreement. At the Aviation Commission's request, Lessee agrees to provide a copy of such franchise or license agreement as evidence that the same is in full force and effect. Lessee shall immediately notify the Aviation Commission if such agreement is terminated. SECTION 18 RENTS AND FEES For the privileges herein provided and as rental for the Leased Premises, Lessee shall pay the following monthly fees: 18.1 Lessee shall be provided 380 square feet of Exclusive Use counter space at a rate of Thirty Five Dollars ($35) per square foot annually; said rent to be paid in the amount of Thirteen Thousand Three Hundred Dollars ($13,300.00) per year, payable in 12 equal monthly installments of One Thousand One Hundred Eight and 33/100 ($1,108.33) per month. 18.2 Lessee shall be provided 23 Ready Return spaces at a rate of Fifteen Dollars ($15) per space for a total cost of Three Hundred Forty Five Dollars ($345.00) per month, plus One Hundred Dollars ($150.00) per month for overflow parking. 18.3 Lessee may be provided car wash facilities at a rate of $100.00 per month. 18.4 A monthly Concession Fee of Five Thousand Dollars and 00 /100 ($5,000.00) or ten percent (10 %) of Lessee's Gross Revenue, whichever is greater. 18. Payments to the Lessor shall be made at the Office of the Airport Executive Director as set forth below or such other place as may hereafter be designated by the Lessor. Airport Director Augusta Regional Airport 1501 Aviation Way Augusta, Georgia 30906 Or By Direct Deposit to: Airport Revenue Fund Rental Car Concessions Chase Routing Number 044000804 Chase Account # 8902013019727 Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 17 SECTION 19 RESERVATION OF RIGHT The Lessor hereby reserves the right to build a consolidated rental car facility for use by all rental car concessionaries /lessees. The Lessee agrees that at the time such facility is completed it shall transfer to and conduct its business from such facility. SECTION 20 BONDS OR OTHER SECURITY 20.1 Security. Lessee shall, upon execution of this Lease, obtain and deliver to the Lessor a good and sufficient corporate surety company bond, irrevocable standby letter of credit, or other security acceptable to the Airport (the "Security ") to secure Lessee's full performance of this Lease and the Concessions Agreement, including the payment of all fees and other amounts now or hereafter payable to or required to be remitted to the Lessor under the Lease or the Lease in an amount equal to month's rent. The form, provisions and nature of the Security and the identity of the surety or other obligor there under, shall at all times be subject to the Lessor's approval. The Security shall remain in place at all times throughout any holdover period. No interest shall be paid on the Security and the Lessor shall not be required to keep the Security separate from its other accounts. No trust relationship is created with respect to the Security. 20.2 Application of Security. The Lessor may apply all or part of the Security to unpaid rent or any other unpaid sum due under this Lease to cure other defaults of Lessee. If the Lessor uses any part of the Security, Lessee shall restore the Security to its then - currently required amount within thirty (30) days after the receipt of the Lessor's written request to do so. The retention or application of such Security by the Lessor pursuant to this Section does not constitute a limitation on or waiver of the Lessor's right to seek further remedy under law or equity. SECTION 21 INTEREST ON OVERDUE PAYMENTS There shall be added to all unpaid sums due the Lessor an interest charge of one and one- half percent (1.5 %) per month on the principal sum, computed as simple interest; at no time will the interest actually charged exceed the highest applicable interest rate permitted under Georgia law. Payments not received when due shall accrue interest from the due date until paid in full. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 18 SECTION 22 TAXES Lessee shall promptly pay when due all personal property taxes which may be assessed against its equipment, merchandise, or other property located on or about the Leased Premises and any and all franchise fees or other taxes or assessments which may be imposed or assessed against Lessee. SECTION 23 PAYMENT OF UTILITY CHARGES Lessee shall pay promptly for all utilities and utility services used by Lessee at or in Lessee's Premises. The amount of Lessee's payment may be determined by the Lessor by means of sub - metering, prorating utility costs, or other methods of determining Lessee's utility consumption. SECTION 24 ACCOUNTING PROCEDURES; AUDIT 24.1 Accounting Procedures. Lessee covenants and agrees that it will establish and maintain an accounting system (specifically including all books of account and records customarily used in the type of operation permitted by this Agreement) in full and complete accordance with generally accepted accounting principles and otherwise reasonably satisfactory to the Commission for the determination of any revenue computations, which may be necessary or essential in carrying out the terms of this Agreement. Lessee shall maintain its records relating to the operation permitted by this Agreement for a period of at least three (3) years after the end of each Agreement year (or until the close of any ongoing audit thereof being conducted by, or on behalf of the Lessor); provided, however, that the Lessor may (prior to the expiration of the relevant retention period) request that any such records be retained for a longer period of time, in which case Lessee, at its option, may deliver such records into the custody of the Lessor. 24.2 Audit. Representative(s) designated by the Executive Director shall be allowed to inspect and audit Lessee's books of accounts and records with reference to the determination of any matters relevant to this Agreement at all reasonable times. The Lessor's representative shall specifically be entitled to inspect and audit any records necessary, in the auditor's professional discretion, to complete the audit consistent in a manner consistent with generally accepted auditing standards; provided, however, Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 19 nothing herein shall authorize the Lessor to make any investigation into the expenses or expense structure of Lessee except to the extent specifically necessary for the verification of any exclusion from Gross Revenues. The costs of such audit shall be borne by the Lessor unless the results of such audit reveal a discrepancy of more than three percent (3 %) for any other amount for any twelve (12) month audit period. In the event of such discrepancy, the full cost of the audit shall be borne by the Lessee, and Lessee shall promptly pay all additional fees owing to the Lessor together with interest on such sums from the date originally due until the date paid at the Default Rate. 24.3 In the event that Lessee's books or accounts are not maintained in Augusta - Richmond County, they shall be made available for audit locally within twenty (20) business days of a request by the Lessor, or Lessee shall pay in full any travel and related expenses of Lessor representative(s) to travel to the location outside Augusta Richmond County. 24.4 In those situations where Lessee's records have been generated from computerized data (whether mainframe, minicomputer, or PC -based computer systems), Lessee agrees to provide the Lessor representative with extracts of data files in a computer readable format on data disks, electronic mail with attached files or suitable alternative computer data exchange formats. Lessee agrees to provide appropriate work space to conduct the audit and free access to copiers; number of Lessee's accounting manager or the like who have a thorough knowledge of the accounting system as it pertains to this Agreement and who will assist the Lessor with its audit. Lessee will also allow interviews of past and present employees who were or are involved in the financial or operational activities of Lessee. SECTION 25 RECORDS TO BE MAINTAINED BY LESSEE 25.1 Lessee shall maintain a complete and accurate set of books and records on the business conducted on its Leased Premises and same shall be open to inspection by the Aviation Commission or its representative at any reasonable time so as to ascertain the true amount of Lessee's Gross Revenue from its operation on the Airport. 25.2 Upon request of the Aviation Commission, Lessee shall furnish to the Aviation Commission, within ten (10) days of such request, a statement indicating its total number of locally based vehicles available for rental at said Airport. The term "local" shall mean the counties of Augusta - Richmond and Columbia, Georgia, and Aiken, South Carolina. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 20 Lessee shall furnish the Aviation Commission, not later than the tenth (10th) day of the succeeding month, a statement indicating its gross sales from the previous month. Lessee shall provide a statement verifying monthly Gross Revenues, as previously reported by Lessee to Aviation Commission. Said verification is to be compiled by a competent accountant. SECTION 26 VENDING MACHINES Lessee shall not install or maintain vending machines, public pay telephones, or other machines operated by coins, tokens, or credit cards in or at Lessee's Permitted Use Premises in areas accessible to the public except with the prior written approval of the Executive Director. This Section 26 shall not prohibit Lessee from the installation of self - ticketing or passenger check -in machines, but the location and manner of such installation shall be subject to the prior written approval of the Airport Director. SECTION 27 COMPLIANCE WITH LAW Lessee agrees that its operation at the Airport shall be conducted in conformity with all local, State, and federal laws and all published Airport regulations and procedures. It is further agreed that the Airport Director, acting on behalf of the Lessor, shall be, at all times, in full and complete charge of the Airport in its entirety and his directions as to policy and procedures shall be final and conclusive as regarding Lessee. Lessee understands that all operations, uses and occupancy of the Premises must be in strict compliance with all TSA, FAA, Airport Rules and Regulations, grant requirements, and related provisions for Airport use and operations without restrictions or limitations. Lessee further agrees that, in the event there is a question of interpretation, it will comply with the Lessor's interpretation of such requirements, rules, laws and regulations, as and when notified by the Lessor of its interpretation, time being of the essence. This provision supersedes any other provision of this Lease which may be in conflict therewith. Any default by Lessee shall permit the Lessor to immediately terminate the Lease as a non - exclusive remedy. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 21 SECTION 28 DEFAULT AND TERMINATION 28.1 At any time that Lessee is not in default in its payments or other obligations to Lessor hereunder, Lessee may terminate this Lease and terminate all of its future obligations hereunder by giving Lessor sixty (60) days advance written notice after the default by Lessor in the performance of any covenant or agreement herein required to be performed by Lessor and the failure of the Lessor to remedy such default for a period of thirty (30) days after receipt from Lessee of written notice to remedy the same. Rents, fees, and charges due hereunder shall be payable only to the date of said termination by Lessee. 28.2 Lessor may terminate this lease for any Event of Default, for its convenience or as set forth below. 28.3 Events of Default: The following shall be "Events of Default" under this Lease constituting a material breach of the Lease and the terms "Events of Default" and "default" shall mean any one of the following events: 28.3.1 If the Leased Premises are vacated or abandoned by the Lessee for a period of thirty (30) days or more. 28.3.2 If Lessee uses the Leased Premises for unlawful or unauthorized purposes and/or fails to comply with or observe any statute, law, ordinance, rule, regulation, standard or requirement of the Lessor, any federal, state or local governmental entity with respect to Lessee's occupancy and/or use of the Premises. 28.3.3 If Lessee fails to obtain, pay for, and maintain in full force and effect at all times during the life of this Lease, without any lapse in coverage, such insurance as is required of Lessee herein. 28.3.4 If Lessee fails to make any payment rents or any other required payment and when due hereunder, where such failure shall continue for a period of three (3) days following service of notice thereof upon Lessee by Lessor. 28.3.5 If Lessee uses or permits the use of its Leased Premises at any time for any purpose which at that time is not authorized by this Lease. Upon the occurrence of any material default and breach of this Lease by Lessee, Lessor may then immediately, or at any time thereafter, terminate this Lease by service of a ten Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 22 (10) days advance written notice to such effect upon Lessee and this Lease shall terminate at 11:59:59 p.m. on the termination date specified within such notice. 28.3.6 Following termination of this Lease Agreement by Lessor pursuant to the provisions of this Article, without prejudice to other remedies Lessor may have by reason of Lessee's default and breach and/or by reason of such termination, Lessor may: (1) Reenter the Leased Premises upon voluntary surrender thereof by Lessee; (2) Remove Lessee and/or any other persons and/or entities occupying the Leased Premises there from, and remove all personal property there from; and (3) Repossess the Leased Premises or relet the Leased Premises or any part thereof. 28.3.7 The failure by Lessee to make any payment of rent, fees or any other payment required by this Lease Agreement or the Lease, when due. 28.3.8 The failure by Lessee to observe or perform any covenant, condition, or agreement to be observed or performed by Lessee in this Lease. 28.3.9 The failure by Lessee to observe or perform any covenant, condition, or agreement to be observed or performed by Lessee in the Lease between the Lessee and the Executive Director. 28.3.10 The filing by Lessee of a petition in bankruptcy, Lessee being adjudged bankrupt or insolvent by any court, a receiver of the property of Lessee being appointed in any proceeding brought by or against Lessee, Lessee making an assignment for the benefit of creditors, or any proceeding being commenced to foreclose any mortgage or other lien on Lessee's interest in the Premises or on any personal property kept or maintained on the Premises by Lessee. SECTION 29 REMEDIES 29.1 In addition to, and not in lieu or to the exclusion of, any other remedies provided in the Lease or to any other remedies available to the Lessor at law or in equity, whenever any default (other than a default under Section 28 , above, upon which termination of this Lease shall, at the Lessor's option, be effective immediately without further notice) continues to be un- remedied in whole or in part for thirty (30) days after Notice of Default is provided by the Lessor to Lessee (or for fifteen (15) days after Notice of Default in the case of default for failure to pay any rent, fees or other required payment Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 23 under Sections 11 and 18 or when due). This Lease and all of Lessee's rights under it will automatically terminate if the Notice of Default so provides. Upon termination, the Lessor may reenter the Leased Premises using such force as may be necessary and remove all persons and Property from the Leased Premises. The Lessor will be entitled to recover from Lessee all unpaid Rent, Concession fees, unremitted Customer Facility Charges, and other sum or charge otherwise payable by Lessee, or any other payments and damages incurred because of Lessee's default including, but not limited to, the reasonable and necessary costs of re- letting, including any tenant improvements reasonably required, any leasing commissions reasonably required, and attorney's fees and costs reasonably required ( "Termination Damages ") together with interest on all Termination Damages at the Default Rate, from the date such termination Damages are incurred by the Lessor until paid. 29.2 In addition to Termination Damages, and notwithstanding termination and reentry, Lessee's liability for all Rental Concession Fees, other sum or charge otherwise payable by Lessee, or other charges which, but for termination of this Lease, would have become due over the remainder of the Lease Term ( "Future Charges ") will not be extinguished and Lessee agrees that the Lessor will be entitled, upon termination for default, to collect as additional damages, a Rental Deficiency. "Rental Deficiency" means, at the Lessor's election, either: 29.2.1 An amount equal to Future Charges, less the amount of actual rent and fees, if an, which the Lessor received during the remainder of the Lease Term from others to whom the Premises may be rented, in which case such Rental Deficiency will be computed and payable at the Lessor's Option either: a. In an accelerated lump -sum payment discounted to present worth, or b. In monthly installments, in advance, on the first day of each calendar month following termination of this Lease Agreement and continuing until the date on which the Lease Term would have expired but for such termination, and any suit or action brought to collect any portion of Rental Deficiency attributable to any particular month or months, shall not in any manner prejudice the Lessor's right to collect any portion of Rental Deficiency by a similar proceeding; or Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 24 c. An amount equal to Future Charges less the aggregate fair rental value of the Premises over the remaining Lease Term, reduced to present worth. In this case, the Rental Deficiency must be paid to the Lessor in one lump sum, on demand, and will bear interest at the Default Rate until paid. For purposes of this subsection, "Present worth" is computed by applying a discount rate equal to one percentage point above the discount rate then in effect at the "Federal Reserve Bank in, or closest to, Augusta, Georgia. 29.3 If this Lease is terminated for default as provided in this Lease, the Lessor shall use reasonable efforts to re -let the Premises in whole or in part, along or together with other premises, for such term or terms (which may be greater or less than the period which otherwise would have constituted the balance of the Lease Term), for such use or uses and, otherwise on such terms and conditions as the Lessor will not be liable for, nor will Lessee's obligations under this Lease be diminished by reason for any failure by the Lessor to re -let the Premises or any failures by the Lessor to collect any rent due upon such re- letting. Notwithstanding the foregoing, the Lessor and the Lessee agree that in the event that this Lease is terminated for default, the Lessor must prior to leasing the Premises subject to this Lease to anyone other than a rental car company first make reasonable efforts to relet the premises to one or more rental car companies. In the event that the Lessor is unable to relet the Premise to one or more rental car companies, the Lessor may then lease the Premises to any other person; provided, however, the Premises may not be used for purposes of providing shuttle, limousine or other ground transportation service in competition with the rental car industry. 29.4 If upon any reentry permitted under this Lease, there remains any personal property upon the Premises, the Lessor, in its sole discretion, may remove and store the personal property for the account and at the expense of Lessee. In the event the Lessor chooses to remove and store such property, it shall take reasonable steps to notify Lessee of the Lessor's action. All risks associated with removal and storage shall be on Lessee. Lessee shall reimburse the Lessor for all expenses incurred in connection with removal and storage as a condition to regaining possession of the personal property. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 25 SECTION 30 NON - WAIVER OF RIGHTS Should Lessee breach any of its obligations hereunder, the Lessor may thereafter accept from Lessee any payment or payments due hereunder, and continue this Lease in effect, without in any way waiving the Lessor's right to exercise its default rights hereunder, or any other remedies provided by law, for said breach. In addition, any waiver by the Lessor of any default, breach, or omission of Lessee under this Lease shall not be construed as a Waiver of any subsequent or different default, breach, or omission. SECTION 31 SURRENDER AND HOLDING OVER 31.1 Surrender. Upon expiration or earlier termination of this Lease, Lessee shall promptly quit and surrender the Premises in good condition and repair; normal wear and tear excepted and deliver to the Lessor all keys that it may have to any part of the Premises or Airport. Unless otherwise specifically agreed by the Lessor in writing, Lessee shall diligently complete such removal at or before the termination (including by expiration) of this Lease. Lessee shall, at its sole cost and expense, further remove the following from the Premises: 31.1.1 All of Lessee's equipment and trade fixtures; 31.1.2 All of Lessee's signs, including but not limited to company identifiers, operational signs, illuminated directional signs, rental /return signs and stall numbers, and back wall displays; 31.1.3 All control booths, kiosks and security devices for the benefit of Lessee, whether installed by Lessee, other Lessees or the predecessor -in- interest of either. 31.1.4 Lessee's computer and other electrical equipment; 31.1.5 Lessee's telephone /data communication lines and associated equipment; and 31.1.6 Any improvements, whether installed at the commencement of the Lease Term or subsequently for which the Lessor's consent was conditioned on Lessee's removal of such improvements at the expiration or earlier termination of this Lease. 31.2 Holding Over. If the premises are not surrendered as provided in this Section, Lessee shall indemnify and hold the Lessor harmless against less or liability resulting from the delay by Lessee in so surrendering the Premises, including, without limitations, any Dollar/Thrifty -GSP Transportation, Inc. - Lease Agreement Page 26 claims made by any succeeding occupant founded on such delay. Any holding over with the consent of the Lessor after expiration or earlier termination of this Lease shall be construed to be a tenancy from month -to -month upon the same terms and conditions provided in this Lease. Any holding over without the consent of the Lessor after expiration or earlier termination of this Lease shall be construed to be tenancy at sufferance upon the same terms and conditions provided in the Lease, except that the rent shall each be one hundred twenty five percent (125 %) of that which it was immediately prior to expiration or earlier termination of this Lease. SECTION 32 ASSIGNMENT 32.1 Lessee may not, without the prior written consent of the Lessor endorsed hereon, assign this Lease or any interest hereunder, or sublet the Leased Premises or any part thereof, or permit the use of the Leased Premises by any party other than Lessee. Consent to one such assignment or sublease shall not destroy or waiver this provision, and all later assignments and subleases shall likewise be made only upon the prior written consent of the Lessor. 32.2 Subtenants or assignees shall become liable directly to the Lessor for all obligations of Lessee hereunto, without relieving Lessee's liability. 32.3 It is expressly understood that Lessee shall not sell or otherwise change ownership of its concession business or permit representation by any person or persons other than Lessee without the prior written approval of the Lessor. SECTION 33 DAMAGE OR DESTRUCTION OF DEMISED PREMISES If the Leased Premises are totally destroyed (or so substantially damaged as to be un- tenantable) by storm, fire, earthquake, or other casualty, this Lease shall terminate as of the date of such destruction or substantial damage, and rent shall be considered accounted for as between the parties hereunto as of that date. SECTION 34 INSURANCE 34.1 Lessee agrees to carry and maintain in force at all times during the Term of this Lease, at Lessee's sole expense, the insurance described in herein below. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 27 34.2 Lessee acknowledges that the Lessor has and reserves, the right to amend the insurance requirements imposed by this Lease at any time, provided that any such amendment is not unreasonable. 34.3 Lessee understands and agrees that the minimum limits of the insurance required herein may become inadequate during the term of this Lease and that, if it in any way, directly or indirectly, contingently or otherwise, affects or might affect the Airport or Lessor, as determined in the sole but reasonable discretion of the Airport Director, Lessee will increase such minimum limits by reasonable amounts on written request of the Airport Director, with the concurrence of the Augusta - Richmond County Risk Manager. No such amendment shall reduce the coverage amounts lower than as stated in this Lease. 34.4 Within (30) days of the publication by the Airport of any such modifications to the foregoing insurance requirements, Lessee shall deliver to the Airport insurance certificates certifying compliance with such modified coverage(s). 34.5 No written amendment of this Lease shall be required to effectuate said increases in minimum limits. 34.6 All insurance required hereunder shall be by companies holding a "General Policyholders Rating" of A or better as set forth in the most current issue of "Best's Insurance Guide" and shall be issued a company licensed, qualified and authorized to transact business in the State of Georgia. 34.7 Any self - insured retention or deductible on any insurance coverage required shall be declared by Lessee and approved by the Airport. 34.8 Lessee acknowledges that the Lessor is not responsible for the costs of its insurance premiums. 34.9 The insurance policies for coverage listed in this Section shall contain a provision that written notice of cancellation or any material change in policy by the insurer shall be delivered to the Airport no less than thirty (30) days prior to cancellation or change. 34.10 Proof of Insurance. Lessee shall provide the Airport with an annual Certificate of Insurance on all required insurance prior to Lessee's exercise of any privileges provided by this Lease and annually upon the effective date thereafter within thirty (30) days of execution of this Lease. Lessee shall furnish additional Certificates of Insurance, from time to time, upon specific request of the Airport. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 28 34.11 The Augusta Richmond County Commissioners, the Augusta Aviation Commission, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees shall be named as "Additional Insureds" on all required coverage and also shown on the certificate as such. 34.12 General Liability Insurance. General liability insurance with a combined single limit of not less than $ 1,000,000 covering Lessee's operations on Airport premises. The foregoing insurance shall be endorsed to state that it will be primary to Airport's insurance and that the Lessee waives its right of subrogation against the Aviation Commission, Augusta - Richmond County, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees. The Aviation Commission, Augusta - Richmond County and their employees, officers, agents, elected and appointed officials shall be added as additional insureds on said policies. Said policy shall contain Severability of Interest Clause and Contractual Liability coverage at least as broad as that given in the most current CG 00 01 ISO form. 34.13 Workers' Compensation Insurance. Lessee shall provide Workers' Compensation insurance with statutory limits and employers liability with a limit of $1,000,000 for employees and subcontractors with limits of liability of not less than One Million Dollars ($1,000,000.00) for each accident/disease. Such policy (ies) shall be endorsed to state that the Workers' Compensation carrier waives its right of subrogation against the Aviation Commission, Augusta - Richmond County, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees. 34.14 Automobile Liability Insurance. Lessee shall provide Automobile Liability with a combined single limit of not less than $1,000,000 coverage to include hired and non - owned liability. The foregoing insurance shall be endorsed to state that it will be primary to Airport's insurance and that the carrier waives its right of subrogation against the Aviation Commission and Augusta - Richmond County, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees. The Aviation Commission and Augusta - Richmond County, and their employees, officers, agents, elected and appointed officials shall be added as additional insureds on said policies. Said policy shall contain Severability of Interest Clause and Contractual Liability coverage at least as broad as that given in the most current CA 00 01 ISO form. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 29 34.15 Worker's Compensation Insurance - With employer's liability coverage of at least $1,000,000 each accident, $1,000,000 each employee and a $1,000,000 disease policy limit. The foregoing insurance shall be endorsed to state that that the workers' compensation carrier waives its right of subrogation against the Augusta, Georgia Board of Commissioners, their officers, agents, elected and appointed officials, representatives, volunteers, and employees, the Aviation Commission and the Airport. 34.16 Property Insurance To insure Lessee against loss or damage to the existing structure and any improvements due to fire, lightning and all other perils included in standard extended coverage policies, plus vandalism and malicious mischief coverage, all in amounts of not less than ninety percent (90 %) of replacement value. Upon request by the Aviation Commission, such replacement value shall be determined by a qualified appraiser, a copy of whose findings shall be submitted to the Risk Manager, and thereafter, proper adjustment in the limits of insurance coverage shall be effected. Said property need not be maintained by Lessee, if Lessee is renting or leasing improvement and Lessee's Lessee maintains the required insurance. The foregoing insurance shall be endorsed to state that the carrier waives its right of subrogation against Augusta, Georgia, the Aviation Commission, the Airport, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees. Augusta, GA and the Aviation Commission shall be named as loss payees on any Property coverage. Said policy shall contain a Severability of Interest clause. 34.17 Environmental / Pollution Liability Insurance. Environmental / Pollution Liability Insurance with limits of liability in the amount of not less than one Million Dollars ($1,000,000.00), including coverage for fuel storage containers, fuel trucks, pollution from automobiles, third party pollution liability, remediation coverage, and onsite and offsite cleanup. The foregoing insurance shall be endorsed to state that it will be primary non - contributory to Lessor's insurance and that the Lessee waives its right of subrogation against the Aviation Commission, Augusta - Richmond County, the Airport, and their officers, agents, elected and appointed officials, representatives, volunteers, and employees. The Aviation Commission and Augusta - Richmond County, and their officers, agents, elected and appointed officials shall be added as additional insureds on said policy. 34.18 An insurance binder letter or a Certificate of Insurance must be sent to: Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 30 City of Augusta Risk Manager 530 Greene Street Room 217 Augusta, Ga. 30901 (706) 821 -2502 (Fax) 34.19 Loss Control and Safety. Lessee shall retain control over its employees, agents, servants and subcontractors, as well as control over its invitees, and its activities on and about the premises and the manner in which such activities shall be undertaken and to that end, Lessee shall not be deemed to be an agent of the Aviation Commission or Lessor. Precaution shall be exercised at all times by Lessee for the protection of all persons, including employees and property. Lessee shall make special effort to detect hazards and shall take prompt action where loss control /safety measure should reasonably be expected. SECTION 35 INDEMNIFICATION AND HOLD HARMLESS 35.1 Lessee agrees to indemnify and hold harmless the Lessor and the Augusta Aviation Commission, and their members, officers, elected officials, agents, servants, employees and successors in office against all claims, damages, losses and expenses, including but not limited to attorney's fees, and expenses of litigation incurred by Airport in connection therewith related to or arising out of any damage or injury to property or persons, occurring or allegedly occurring in, on or about Airport property caused by any negligent act or omission of Lessee or which arise out of any failure of Lessee to perform its obligations hereunder during the period from the date of this Lease to the end of the Lease Term or Lessee's operations under this Lease. 35.2 Lessee shall keep, defend and hold harmless the Lessor and the Augusta Aviation Commission, and their members, officers, elected officials, agents, servants, employees successors in office, guests, licensees and invitees from and against any and all claims, demands, suits, judgments, costs and expenses asserted by any person or persons, including agents or employees of Lessee, by reason of death or injury to persons or loss or damage to property, resulting from Lessee's operations or activities on the Airport, or anything done or omitted by Lessee under this Lease except to the extent that such Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 31 claims, demands, suits, judgment, costs and expenses may be directly attributed to the sole negligence of the Airport or its agents, employees, directors, or officers. 35.3 In the event of a conflict between the provisions of the Augusta Georgia Code and this Lease the stringent requirements shall govern. SECTION 36 FEDERAL GOVERNMENT'S EMERGENCY CLAUSE It is understood that, during time of war or national emergency, the Lessor shall have the right to lease any and all of the herein described Leased Premises to the United States Government for military use, and if any such lease is executed, the provisions of this instrument insofar as they are inconsistent with the lease of the Government shall be suspended. SECTION 37 SECURITY Lessee, its officers, employees, agents, and those under its control, shall comply with security measures required of Lessor or the Aviation Commission by the FAA, TSA, or U. S. Department of Transportation, or contained in any Airport master security plan approved by the TSA, to include an Airport Tenant Security Program as outlined in 49 CFR Part 1542 regarding Lessee's Lease. If Lessee, its officers, employees, agents, or those under its control shall fail or refuse to comply with said measures and such noncompliance results in a monetary penalty being assessed against the Lessor, then Lessee shall be responsible and shall reimburse the Lessor in the full amount of any such monetary penalty or other damages, including attorney's fees and other costs to defend the Lessor against such claims. SECTION 38 NON - DISCRIMINATION 38.1 Lessee shall furnish its accommodations and/or services on a fair, equal and not unjustly discriminatory basis to all users thereof and it shall charge fair, reasonable, and non- discriminatory prices for each unit or service, provided that Lessee may be allowed to make reasonable and non - discriminatory discounts, rebates, or other similar type of price reductions to volume purchasers. 38.2 Lessee shall make its accommodations and /or services available to the public on fair and reasonable terms without discrimination on the basis of race, creed, color, sex, sexual orientation, age, national origin, or disability. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 32 38.3 Non - compliance with the above paragraphs, after written findings, shall constitute a material breach thereof and in the event of such non - compliance, the Lessor shall have the right to terminate this Lease or at the election of the Lessor and /or the Commission or the United States, either or both said governments shall have the right to judicially enforce the above paragraphs. 38.4 Lessee assures that it will undertake an affirmative action program to ensure that no person shall on the grounds of race, creed, color, national origin, sex, or disability be excluded from participating in any employment activities covered in 49 C.F.R. Part 29, Subpart E, and/or 29 C.F.R. Part 21. Lessee assures that no person shall be excluded on these grounds from participating in or receiving the services or benefits of any program or activity covered by this subpart. Lessee assures that it will require that its covered sub - organization provide assurances to Lessee that they similarly will undertake affirmative action programs and that they will require assurances from their sub - organizations, as required by the aforesaid regulations, to the same effect. 38.5 Lessee will maintain open hiring and employment practices and will accept applications for employment in all positions from all qualified individuals. 38.6 Lessee will provide to the Lessor any information needed in the preparation of reports or documents and other data relative to equal employment. 38.7 Lessee shall include similar clauses in any subcontracts and shall cause such subcontractors to include these clauses in any contract related to the provision of services. SECTION 39 AIRPORT CONCESSION DISADVANTAGED BUSINESS ENTERPRISES 39.1 Certification Required. The Lessor does not operate a DBE, MBE or WBE Program for Augusta funded projects, as a Federal Court has entered an Order enjoining the Race - Based portion of Augusta's DBE Program. Instead the Lessor operates a Local Small Business Opportunity Program. However, for various projects utilizing the expenditure of State or Federal funds, the Lessor enforces DBE requirements and/or DBE goals set by the Federal and/or State Agencies in accordance with State and Federal laws. It is the policy of the Lessor to support participation in the Airport Concession Disadvantaged Business Enterprises (ACDBE), as defined in 49 CFR Part 23, in concession activities at the Airport. This Agreement is subject to the provisions of 49 CFR Part 23 as applicable. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 33 39.2 Program. The Airport has established an Airport Concession Disadvantaged Business Enterprise (ACDBE) program in accordance with regulations of the U.S. Department of Transportation (DOT), 49 CFR Part 23. The Airport is a primary airport and has received federal funds authorized for airport development after January 1988 (authorized under Title 49 of the United States Code); and has executed airport grant assurances that it will comply with 49 CFR Part 23. It is the policy of the Airport to ensure that ACDBEs as defined in Part 23, have an equal opportunity to receive and participate in concession opportunities. It is also our policy: 39.2.1. To ensure nondiscrimination in the award and administration of opportunities for concessions by airports receiving DOT financial assistance; 39.2.2. To create a level playing field on which ACDBEs can compete fairly for opportunities for concessions; 39.2.3. To ensure that our ACDBE program is narrowly tailored in accordance with applicable law; 39.2.4. To ensure that only firms that fully meet this part's eligibility standards are permitted to participate as ACDBEs at our airport(s); 39.2.5. To help remove barriers to the participation of ACDBEs in opportunities for concessions at the Airport; and 39.2.6. To provide appropriate flexibility to our Airport in establishing and providing opportunities for ACDBEs. 39.3 Contact. The Lessor, on behalf of the Airport, has appointed Brenda Brown, Augusta Regional Airport, 1501 Aviation Way, Augusta Georgia 30906 Telephone: (706) 798- 3236; E -mail: bbrown @augustaga.gov as the Airport Lessees DBE Liaison Officer (ACDBELO). In that capacity, Ms. Brown is responsible for implementing all aspects of the DBE program. Implementation of the ACDBE program is accorded the same priority as compliance with all other legal obligations incurred by the Airport in its financial assistance agreements with the Department of Transportation. 39.4 Opportunities for Participation. It is the policy of the Lessor to ensure that ACDBE, as defined in 49 CFR Part 23 and other small businesses have an equal opportunity to receive and participate in Department of Transportation (DOT) assisted contracts. The Lessor encourages the Lessee to make every reasonable effort to maximize contracting opportunities for ACDBE and other small businesses in any construction or architectural Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 34 changes to the premises and in the procurement of goods and services necessary for the operation of the Rental Car Concession at this Airport. 39.5 Reports: Lessee shall submit ACDBE participation reports to the Lessor as required for the purpose of demonstrating compliance with 49 CFR Part 23. An ACDBE concession specific goal of three percent (3 %) of total gross receipts for concessions has been established for this Agreement. Each Lessee shall make good faith efforts, as defined in Appendix A, 49 CFR Part 26, to meet the concession specific goal for ACDBE participation in the performance of this Agreement. The Lessee will be required to submit the following information: 39.5.1 names and addresses of ACDBE firms and suppliers that will participate in the concession; 39.5.2 A description of the work that each ACDBE will perform; 39.5.3 the dollar amount of the participation of each ACDBE firm participating; 39.5.4 written and signed documentation of commitment to use an ACDBE whose participation it submits to meet a contract goal; 39.5.5 written and signed confirmation from the ACDBE that it is participating in the concession as provided in the prime Lessee's commitment; 39.5.6 If the concession goal is not met, evidence of good faith efforts. 39.6 Non - Discrimination in Contracts. The Lessor encourages Lessee to create and maintain a diverse workforce, contractor and supplier base. The Lessee shall not create barriers to open and fair opportunities for minority business enterprises (MBE), women's business enterprises (WBE), small business enterprises (SBE) and disadvantaged business enterprises (DBE) to participate in all rental car contracts at the Lessor and to obtain or compete for contracts and subcontracts as sources of supplies, equipment, construction and services. In considering offers from and doing business with contractors and suppliers, the Lessee shall not discriminate on the basis of race, color, creed, religion, sex, age, disability, nationality, marital status, sexual orientation or disability. These requirements apply to all concessions firms and suppliers, including those who qualify as an Airport Concessions Disadvantaged Business Enterprise (ACDBE). Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 35 With a copy to: All notices to Lessee shall be mailed to: SECTION 40 DAMAGE TO AIRPORT Lessee shall be liable for any damage to the Airport caused by Lessee, officers, agents, employees, contractors, subcontractors, or any one acting under it direction and control, ordinary wear and tear excepted. All repairs for which Lessee is liable shall be made by Lessor at Lessee's expense. SECTION 41 NOTICES All notices by either party to the other shall be made by depositing such notice in the registered or certified mail, of the United States of America, postage prepaid, and such notice shall be deemed to have been delivered and received on the date of such depositing correctly addressed in the registered or certified mail. All notices to the Lessor shall be mailed to: Augusta Aviation Commission Attn: Executive Director 1501 Aviation Way Augusta, GA 30906 Augusta Law Department 501 Greene St. Suite 302 Augusta, GA 30901 Dollar /Thrifty -GSP Transportation, Inc. d/b /a Thrifty Rent -A -Car. 2429 South Highway 14 Greer, SC 29650 Either party may change the address and name of addressee to which subsequent notices are to be sent by notice to the other given as aforesaid. SECTION 42 LIENS Lessee shall cause to be removed promptly any and all liens of any nature arising out of or because of any improvements made or construction performed by Lessee or any of its contractors or subcontractors upon the Airport or arising out of or because of the performance of Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 36 any work or labor by or for it or them at said premises, reserving the right to contest in court the validity of any such liens. Lessee shall have the right to post an appropriate bond to cover its obligations pursuant to this Section. If any person or corporation attempts to assert a Mechanic's Lien against the Airport for improvements made by Lessee, Lessee shall hold the Lessor harmless from such claim, including the cost of defense. SECTION 43 RULES AND REGULATIONS 43.1 Lessee shall comply with and shall require its officers and employees and any other persons over whom it has direct control to comply with such Rules and Regulations governing the use of Airport facilities and the access to said facilities pursuant to this Lease and Lessor's ordinances which may govern said use and access of the Airport facilities, as may be amended from time to time by the Aviation Commission. 43.2 Lessee shall not use or permit to be used any Airport facilities for any purposes or uses other than those specifically authorized by this Lease, and such other purposes or uses as may be mutually agreed upon in writing. 43.3 Lessee shall comply with and shall require its officers and employees and any other persons over whom it has control to comply with such reasonable and nondiscriminatory Rules and Regulations governing the use of Airport facilities pursuant to this Lease as may from time to time be adopted and promulgated by the Lessor or the Aviation Commission, including, but not limited to, security, health, safety, environmental concern, sanitation, and good order, and with such amendments, revisions, or extensions thereof as may from time to time be adopted and promulgated by the Aviation Commission. The Airport Director will provide a copy of the initial Rules and Regulations to Lessee within thirty (30) days of the date of this Agreement. 43.4 Lessee's right of access to the Airport shall be subject to security considerations and all federal, State, and local laws or regulations and all Airport rules, regulations, and ordinances now in effect or hereinafter adopted or promulgated. 43.5 Lessee shall, at all times, comply with any and all present and future laws, ordinances, and general rules or regulations of any public or governmental entity pertaining to its operations at the Airport now or at any time during the term that this Agreement is in force. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 37 SECTION 44 SURVIVAL Lessee's obligations under this Article shall survive the expiration or earlier termination of this Lease Agreement. No modification, termination or surrender to the Lessor of this Lease Agreement or surrender of the Premises or any part thereof, or of any interest therein by Lessee, shall be valid or effective unless agreed to and accepted in writing by the Lessor, and no act by any representative or agent of the Lessor, other than such written agreement and acceptance, shall constitute an acceptance thereof. SECTION 45 ENTIRE AGREEMENT This Agreement contains the entire agreement of the parties and no representation, inducements, promises, or agreement, oral or otherwise, between the parties not embodied herein shall be of any force or effect. No failure of the Lessor to exercise any power at variance with the terms hereof shall constitute a waiver of the Lessor's right to demand exact compliance with the terms hereof. SECTION 46 GOVERNING LAW This Agreement and all disputes arising hereunder shall be governed by the laws of the State of Georgia. SECTION 47 VENUE All claims, disputes, and other matters in question between the Lessor and Lessee arising out of or relating to this Agreement, or the breach hereof, shall be decided in the Superior Court of Richmond County, Georgia. Lessee, by executing this Lease, specifically consents to jurisdiction and venue in Augusta - Richmond County and waives any right to contest jurisdiction and venue in the Superior Court of Richmond County, Georgia or the United States District Court for the Southern District of Georgia, Augusta Division. SECTION 48 ATTORNEY'S FEES If the Lessor is reasonably required to obtain counsel to enforce any of its rights under this Agreement or to collect its fees and charges, the Commission shall be entitled to recover from Lessee reasonable attorney's fees incurred by it in connection with such proceedings. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 38 SECTION 49 MISCELLANEOUS PROVISIONS 49.1 No purported or alleged waiver of any of the provisions of this Lease shall be valid or effective unless in writing signed by the party against whom it is sought to be enforced. 49.2 Captions herein are for convenience or reference only and in no way define, limit or expand the scope or intent of this Lease. Whenever the context hereof shall so require, the singular shall include the plural, the male gender shall include the female, and vice versa. 49.3 Counterparts. This Lease maybe executed in two or more counterparts, all of which together shall constitute but one and the same Lease. In the event that one or more of the provisions hereof shall be held to be illegal, invalid or enforceable, such provisions shall be deemed severable and the remaining provisions hereof shall continue in full force and effect. 49.4 Nothing contained in this Lease shall be construed to be a waiver of the Lessor's sovereign immunity. 49.5 It is specifically agreed between the parties executing this Lease that it is not intended by any of the provisions of this Lease to create in the public or any member thereof, third party beneficiary status in connection with the performance of the obligations herein. 49.6 Nothing contained in this Lease shall be construed to be a waiver of any individual's qualified good faith immunity. 49.7. Covenants Bind and Benefit Successors and Assigns. The provisions of this Lease shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided, however, that no one shall have any benefit or acquire any rights under this Lease pursuant to any conveyance, transfer, or assignment in violation of any of its provisions. 49.8 Open Records. The Lessee acknowledges that all records relating to this Lease and the services to be provided under this Lease may be a public record subject to Georgia's Open Records Act (O.C.G.A. § 50- 18 -70, et seq.). Lessee shall cooperate fully in responding to such request and making all records, not exempt, available for inspection and copying as provided by law. Lessee shall notify Lessor immediately of any request made under the Open Records Act and shall furnish Lessor with a copy of the request and the response to such request. Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 39 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. Augusta, Georgia By: B " Mayor / Chairm 11\( 4 1 -4. lar /Thrifty -GSP Transportation, Inc. ./ Rent -A -Car. qr ;c7" By Title: Date: Appr Bv: Date: s to c LeTellier, Airport Director Approved as , to form: 21 `; //ajar By: Andrew Mackenzie GenerCounsel , 7/.2 4- / Augusta Aviation Commission: 3) ac, Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 40 19- LEDERD 1. HERT2 LEASE AREA 2. AVIS/ UDGET LEASE 6REA 3. NATIONAL LEASE AREA 4. ACE LEIS AREA 5. ENTERPRISE LEASE AREA B. ninny LEASE AREA 402 SQ. FT. 424 SQ. FT. 380 SQ. FT. 350 SQ. FT. 350 SQ. FT. 350 SQ. FL 44> CAIPBEIL d IMAM DONEE= SZFAlta. Regional Airport Augusta Geagi Exhibit B Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 42 Exhibit C Dollar /Thrifty -GSP Transportation, Inc. - Lease Agreement Page 43