Agmt13 Docktown CB-R, LLC and Salaman Associates, LLC

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Earnhardt will terminate on February 28, 2013. Earnhardt has also mailed termination notices to the Marina Subtenants which notices advise those subtenants that to continue in the Marina, new arrangements must be made with the City. H. The Owners intend to sell the Property and have determined that requires the Property must be cleared of all tenants, subtenants and encumbrances. L The City has requested a temporary license for the use of portions of the Property for a limited duration of time as the City studies the future of the Inner Harbor area of the City, including Redwood Creek and the Marina, NOW THEREFORE,the parties hereto agree as follows: l. The Owners grant the City a 90-day temporary license to use portions of the Property solely for the purpose of managing the Marina and allowing the Boatowners to use portions of the Property for the limited purposes described in Recital F to this Agreement. The map attached hereto as Exhibit A shows the areas of the Property subject to this License Agreement (the "Premises"). The City shall confer such rights of use to the Boatowners through sublicense (the "Sublicenses"), the terms of which shall be expressly made subject to this Agreement and the terms of which shall be consistent with the terms and provisions of this Agreement. Tenancies or use permits by which the City permits the Boatowners to use the Creek are collectively referred to as the "Marina Tenancies". The premises are delineated as between the street entrance (at Maple Street) and the red line on Exhibit A which prohibits parking or personal property beyond that point by either City or its sublicensees. Pedestrian and bicycle access will be permitted beyond that line along the Redwood Creek boundary to the Owner's property. The parties will work together to establish temporary fencing consistent with the terms of this License, with an agreement which will address sharing of the cost. 2. The license granted hereunder is temporary in nature and does not constitute a grant of easement or leasehold estate of any kind in the Property. Owners reserve the right to use the internal road outlined in green on Exhibit A for ingress and egress to the portion of the Property not licensed hereunder. 3. The City acknowledges that it is accepting the Premises in its "As Is" condition without warranty or representation express or implied. 4. So long as this Agreement is in effect, City shall pay Owners a monthly license fee in the minimum amount of $5,000 ("Minimum License Fee") up to a maximum amount of $10,000, with the greater amount due based on an agreed upon formula set forth in subparagraph 4(a) below. a. The City intends to establish and collect license fees and/or rent and utility payments from the Boatowners, for their monthly use of the Marina and related facilities, utilities and services as provided by the City. Should the City earn "Net Revenue" from the Marina (defined as monthly gross revenue that the City receives from the Marina less the City's out-of- ATTY/AGR/2013.031/DOCKTOWN TEMPORARY LICENSE REV:02-28-13 PT Page 2 of 6