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045-Sanford Aero Modelers, Inc.`zr. EXTENSION AND AMENDMENT OF AGREEMENT BETWEEN CITY OF SANFORD AND SANFORD AERO MODELER. , INC. THIS EXTENSION AND AMENDMENT OF AGREEMENT is made and entered into on this of 2009, between SANFORD AERO MODELERS, INC., a Florida non - profit corporation, whose address is 522 Fuller Avenue, Deltona, Florida 32725, hereinafter referred to as the "LESSEE ", and the CITY OF SANFORD, whose address is 300 North Park Avenue, Sanford, Florida 32771, hereinafter referred to as the "LESSOR ". WITNESSETH: WHEREAS, the parties entered, on June 16, 1994, that certain agreement styled "Agreement" which Agreement is, in part, a lease of real property; and WHEREAS, Section 40 of the Agreement provides that "[t]his Agreement may not be modified except by an instrument in writing, signed by the duly authorized representative of each party thereto "; and WHEREAS, the Agreement will expire and terminate on June 15, 2009 in accordance with the provisions of Section 3 of the Agreement; and WHEREAS, the parties agree that the Agreement should be extended and amended as set forth herein. NOW, THEREFORE, in consideration of the foregoing, and the premises and the promises, covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties agree as follows: CL LO N W Page 1 SECTION 1. EXTENSION OF AGREEMENT. The parties agree that the Agreement shall be extended for a term ending June 15, 2614 consistent with the terms hereof. SECTION 2. AMENDMENTS TO AGREEMENT. The Agreement is hereby amended as follows: (a). A period is inserted at the end of the first paragraph of Section 2(a). (b). A comma is inserted after the word "facility" in the second paragraph of Section 2(a). (c). Section 6 is deleted. (d). The LESSEE shall provide a report summarizing its maintenance activities relative to the Subject Property during the course of the initial term. (e). The improvements referenced in Section 11 have vested in the LESSOR; provided, however, that the LESSOR maintains the right and the LESSEE maintains its duty to remove such improvements at the termination of the extension provided for herein. (f). References to the "Central Florida Regional Airport" shall mean the "Orlando /Sanford International Airport." (g). Notices to the LESSEE shall be at the corporate address set forth in this document. (h). Section 43 is deleted as a typographical error. SECTION 3. NO OTHER CHANGES. Aside from the foregoing, the Agreement is neither amended nor revised. Page 2 U- W CM LU IN WITNESS WHEREOF, the parties have executed this Extension and Amendment U- c� of Agreement on the date stated above. N ATTEST' C, Janet R. Dougherty, City Clerk ATT ST• Robert Green, Vice President (Corporate Seal) THE CITY OF SANFORD, By: 1 Linda Kuhn, Mayor Date: o? -" + _, 2009 SANFORD AERO MODELERS, INC. By: Phill Spain, President Date: F -[ a? _._ ' 2009 Page 3