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% I <br />.. t• 1 <br />Net Lease:Except set forth with respect to the <br />parking lot. Landlord will have no <br />obligations of any kind with respect to the <br />Premises or the improvements thereon or the <br />operation thereof <br />Default:[Usual default provisions with notice and <br />cure rights] <br />Damage or <br />Destruction:[Usual provisions) <br />Condemnation; [Usual provisions] <br />Miscellaneous: [Usual provisions, including provision for <br />estoppel certificates, filing of a memorandum <br />of lease and simple reps and warranties] <br />Initial <br />Construction <br />Obligations: <br />4564 <br />Tenant will commence construction of the <br />arena improvements promptly after the <br />execution of the lease, and will pursue such <br />construction diligently to completion. All <br />such construction will be in accordance with <br />legal requirements, and will be in accordance <br />with the plans and specifications for the <br />project approved by Landlord <br />Tenant will cause the arena to open with <br />indoor ice not later than October . 1996, <br />subject to events or circumstances beyond its <br />control <br />Tenant shall keep Landlord advised of the <br />progress of construction and Landlord's <br />representative shall be entitled to attend <br />all project meetings <br />On or before 1996, Landlord shall <br />pay $175,000 to Tenant, to be applied by <br />Tenant to the costs of construction of the <br />arena project, its parking lot and related <br />soils correction <br />Landlord agrees that Tenant need not complete <br />paving and curbing work for the parking lot <br />for a period of up to two years after project <br />opening, so that the condition of the <br />remediated soils under the parking lot can be <br />tested <br />4 <br />•1 <br />_ _ _^