Lease Agreement City of RWC PFA as sublessor

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Section 10.2. Bindin�Effect. This Lease Agreement inures to the benefit of and is binding upon the Authority,the City and their respective successors and assigns. Section 10.3. Severabilitv. If any provision of this Lease Agreement is held invalid or unenforceable by any court of competent jurisdiction, such holding will not invalidate or render unenforceable any other provision hereof. Section 10.4. Net-net-net Lease. This Lease Agreement is a "net-net-net lease" and the City hereby agrees that the Lease Payments are an absolute net return to the Authority, free and clear of any expenses, charges or set-offs whatsoever. Section 10.5. Further Assurances and Corrective Instruments. The Authority and the City agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for conecting any inadequate or incorrect description of the Property hereby leased or intended so to be or for carrying out the expressed intention of this Lease Agreement. Section 10.6. Waiver of Personal Liability. No member, officer, agent or employee of the City or the Authority shall be individually or personally liable for the payment of Lease Payments; but nothing herein contained shall relieve any such member, officer, agent or employee from the performance of any official duly provided by law. Section 10.7. Execution in Counterparts. This Lease Agreement may be executed in several counterparts, each of which is an original and all of which constitutes one and the same instrument. Section 10.8. Applicable Law. This Lease Agreement is governed by and construed in accordance with the laws of the State. Section 10.9. Captions. The captions or headings in this Lease Agreement are for convenience only and in no way define, limit or describe the scope or intent of any provisions or section of this Lease Agreement. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] -3 5- 338802 2.DOC