Okaloosa County BOCC — October 2, 2012 — AOL RS Holdings to Machinery

ASSIGNMENT OF LEASE This ASSIGNMENT OF LEASE FOR HANGAR SPACE, fully executed this day of , 2012, by and between R & S HOLDINGS, INC., (hereinafter referred to as the “FIRST PARTY”) and MACHINERY SALES COMPANY, INC., (hereinafter referred to as the “SECOND PARTY”). WITNESSETH: WHEREAS, the FIRST PARTY entered into an Lease Agreement for a hangar consisting of ONE THOUSAND TWO HUNDRED FIFTY (1,250) square feet at the Destin/Ft. Walton Beach Airport, Assignment of Lease dated September 24, 2008, Lease for Hangar Space Option dated August 12, 2008, and original Lease dated April 15, 2002 with a current expiration date of March 31, 2022. WHEREAS, the SECOND PARTY, by execution of this ASSIGNMENT OF LEASE, and in consideration of approval by Okaloosa County of the same does hereby assume all responsibilities, duties, obligations, rights, and privileges as set forth in the assignment of leases, lease for hangar space option, and original lease except as hereinafter stipulated, and does hereby expressly relieve and indemnify the FIRST PARTY against any duty or responsibility for the same. COUNTY hereby lets to SECOND PARTY and SECOND PARTY hereby hires and takes from COUNTY at the Destin/Ft. Walton Beach Airport in the County of Okaloosa, State of Florida (hereinafter referred to as *AIRPORT”), that certain location designated as Block 8 Lot 9 as shown on file in the office of the Airports Director, which is incorporated herein by reference, and COUNTY hereby gives to SECOND PARTY permission to occupy and maintain one (1) of 11 metal “T” hangar unit for the storage of individually-owned/corporate-owned aircraft at the aforesaid location. Additional aircraft may be stored in the hangar with proper notice to the COUNTY provided that proof of required insurance coverage is provided to the COUNTY. This Assignment of Lease for Hangar Space (hereinafter called “LEASE”) is subject to all terms, covenants, conditions, and agreements of the original lease, assignment of lease, and lease for hangar space option as supplemented to be kept, performed, and observed by the SECOND PARTY. SECTION 1: Change Section 6 c: Ground Lease to read: LESSEE shall pay in advance an annual ground lease fee established by an independent appraisal. The fee shall be adjusted every year in accordance with Section 7. The ground lease and applicable sales tax will be billed annually, in advance, and is payable to the Airports Director, Okaloosa County Airports, 1701 Highway 85 North, Eglin Air Force Base, Florida, 32542-1498. The leasehold includes ONE THOUSAND SEVEN HUNDRED EIGHTEEN (1,718) square feet at ONE DOLLAR AND FIFTY CENTS ($1.50) per square foot per year for a total annual cost of TWO THOUSAND FIVE HUNDRED SEVENTY SEVEN DOLLARS ($2,577.00) plus tax. SECTION 2: Change Section 19: Notices to read: Any and all notices to be given under this LEASE may be served by enclosing the same in a sealed envelope and directed to the other party at its address and deposited in the mail as first class mail with postage therein paid. When so given, such notice shall be effective from the date of mailing. Unless otherwise provided in writing by the parties hereto, the address of the AIRPORT DIRECTOR is as follows: Okaloosa County Airports, 1701 Highway 85 North, Eglin Air Force Base, Florida 32542-1498. The address of the LESSEE is: Machinery Sales Company, Richard G. Meadows, P.O. Box 2098, Memphis, TN 38101. SECTION 3: Change section 29: Legal Description to read: Block 8 Lot 9: Commence at the Southeastern most corner of Lot 41, Block A, Harbor Breeze Third Addition, as recorded in Plat Book 16, Page 31, Public Records of Okaloosa County, Florida; Thence N.38°00’00”W (Basis of Bearings) along the East line of said Lot 41 for a distance of 127.09 feet; Thence departing said East line proceed N.52°07°27’E for a distance of 33.41 feet; Thence N.37°52’33”W for a distance of 82.46 feet; Thence N.52°07’27°E for a distance of 179.08 feet to the POINT OF BEGINNING; Thence N.52°07’27°E for a distance of 41.77 feet; Thence $.37°52’33”E for a distance of 31.75 feet; Thence S.52°07’27”W for a distance of 10.58 feet; Thence S.37°52°33”E for a distance of 19.80 feet; Thence S.52°07’27”’W for a distance of 20.60 feet; Thence N.37°52’33”W for a distance of 20.00 feet; Thence S.52°07’27”"W. for a distance of 10.58 feet; Thence N.37°52’33”W. for a distance of 31.54 feet to the POINT OF BEGINNING. Parcel described contains 1718 square feet. SECTION 4: ENTIRE ASSIGNMENT OF LEASE This ASSIGNMENT OF LEASE consists of the following: Sections 1 — 4. It constitutes this entire Assignment of Lease of the parties on the subject matter hereof and may not be changed, modified, discharged, or extended except by written instrument duly executed by COUNTY and LESSEE. IN WITNESS, the parties hereto have executed these presents as of the day and year first above written. = i fives. R & S HOLDINGS, IN@ C.T. RICHARDSON FIRST PARTY ATTESTS: Wurth, Vv ay | Wir 2 tn TNESS L ThiK SL (bbe, b Blk MACHINERY ‘SALES COMPANY, RICHARD G.MEADOWS PRESIDENT SECOND PARTY ATTESTS: WITNESS \_S iD SS BOARD OF COUNTY COMMISSIONERS OKALOOSA COUNTY, FLORIDA DON R. AMUNDS CHAIRMAN ATTEST: GARY J. STANFORD DEPUTY CLERK OF CIRCUIT COURT OKALOOSA COUNTY, FLORIDA ACKNOWLEDGMENTS STATE OF FLORIDA COUNTY OF OKALOOSA Before me, the undersigned officer duly authorized to take acknowledgments in the COUNTY and STATE aforesaid, personally appeared C.T. RICHARDSON who, under oath, deposes and says that he is authorized to execute contracts and lease agreements and that he executed the foregoing instrument for the uses and purposes contained therein. Sworn and subscribed before me this | \ot- day of CAO , 2012, AD. EMILY E. TECH NOTARY PUBLIC STATE OF FLORIDA Z= Commit EE 167866 ale fe 9 Expires 2/8/2016 My Commission expires: (2 is \20 \ \g STATE OF FLORIDA COUNTY OF OKALOOSA Before me, the undersigned officer duly authorized to take acknowledgments in the COUNTY and STATE aforesaid, personally appeared RICHARD G. MEADOWS who, under oath, deposes and says that he is authorized to execute contracts and lease agreements and that he executed the foregoing instrument for the uses and purposes contained therein. Sworn and subscribed before me this \S day of OOReK , 2012, AD. EMILY E. TECH NOTARY PUBLIC STATE OF FLORIDA F® Commi EE 167866 Expires 2/8/2016 My Commission expires: 2\ D \ ZO0\\e eo CHARTIS AEROSPACE INSURANCE SERVICES, INC. CERTIFICATE OF INSURANCE a ‘ THIS IS TO CERTIFY TO: OKALOOSA COUNTY AIRPORT STATE ROAD 85 EGLIN AIR FORCE BASE, FL 32542 THAT THE FOLLOWING POLICY/IES OF INSURANCE HAVE BEEN ISSUED TO: MACHINERY SALES COMPANY, INC 120 WEBSTER STREET MEMPHIS, TN 38126, POLICY NO. LA 000263609-01 POLICY PERIOD: From December 8, 2011 to December 8, 2012 INSURANCE COMPANY COMMERCE AND INDUSTRY INSURANCE COMPANY Coverage only applies as indicated by a specific limit and deductible. Limits of Liability A. Aircraft Liability Single Limit for Bodily Injury and $ 1,000,000. each occurrence Property Damage __In_ cluding Passengers, but Passenger Bodily Injury Limited within the Single Limit to $ 100,000. each passenger B. Medical Expense Including crew $ 5,000. each passenger C. Physical Damage to Your Aircraft Deductibles ID Number Year Make and Model Agreed Value ___Not-in-Motion Not-in-Flight Flight N2463A 2005 CESSNA 182 $ 235,000. $ 0. $ 0. $ 0. $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ ATT VF 20dZ1-p 1-69 THIS CERTIFICATE HOLDER IS: 1. included as additional insured as respects liability coverage but coverage only applies after all other coverage available to the additional insured has been exhausted; 2. included as additional insured as respects liability coverage but coverage only applies with respect to the vicarious responsibility of] the additional insured for the operation of the aircraft by the Named Insured, including any interest in the aircraft as owner/lessor; 3. included as additional insured as respects liability coverage but coverage only applies with respect to the storage of insured aircraft; 4. included as additional insured as respects liability coverage but coverage does not apply to any occurrence arising from the design, manufacture, modification, repair, sale, or servicing of insured aircraft other than ground handling. 30 days notice of cancellation The Aviation Managers have made provision to give the certificate holder prompt notice of cancellation of any policy above. But, the Aviation Managers assume no responsibility for failure to provide such notice. This certificate does not change in any way the actual coverages provided by the policy/ies specified above. Certificate No. 11463174-13 9 ASME Date of Issue September 4, 2012 (Authorized Representative) q LAD30 (3/00) ADDITIONAL INSURED ENDORSEMENT In consideration of an additional premium of $ (Included) , the following are included as additional insured, but only with respect to the liability coverage afforded by this policy and is subject to the following: (Only the clause(s) indicated by an “X" shall apply.) X) Excess Liability - Coverage only applies after all other coverage available to the additional insured has been exhausted. XX} Non-operational - Coverage only applies with respect to the vicarious liability of the additional insured for the operation of the aircraft by the Named Insured, including any interest in the aircraft as owner/lessor. (J Flight Instruction - Coverage only applies while instructing, supervising, evaluating or examining the following pilots, who must also meet the requirements of the Pilots Endorsement: IX] Hangarkeepers - Coverage only applies with respect to the storage of your aircraft. IX] Workmanship Exclusion - Coverage does not apply to any occurrence arising from the design, manufacture, modification, repair, sale, or servicing of your aircraft other than ground handling. Additional Insured: OKALOOSA COUNTY AIRPORT STATE ROAD 85 EGLIN AIR FORCE BASE, FL 32542 Ail other provisions of this policy remain the same. This endorsement becomes effective September 4, 2012 to be attached to and hereby made a part of Policy No. _ LA 000263609-01 issued to MACHINERY SALES COMPANY, INC By COMMERCE AND INDUSTRY INSURANCE COMPANY Endorsement No. 13 ihe Date of Issue September 4, 2012 By , S Hi Zz (Authorized Representative) LAD26 (9/99) Odel~-¥!1-39 Z Lv: GAIN Wo RECEIVED Scr 18 2. q=1¥ ~ 12 CONTRACT & LEASE INTERNAL COORDINATION SHEET Contract/Lease Number: L I OP YOAf Tracking Number: YRI2 Contractor/Lessee Name: R¥S Holding $ FH [ Ihe. e.7. Richonds ) Purpose: Assiynme ot of Leese ‘to Mech'ar “f Sotee Soop meade Le °) Marek 3), 202% JALGREATER THAN $10,000 (J $10,000 OR LESS Date/Term: Amount: 9) Lr. a yor plvs fer jig inp? ats, ' - Dept. Monitor Name: David ine Department : Purchasing Review Procurement requirements are met: - Date: hip 2. Contracts/Lease Coordinator Risk Management Review Approved as written: ct an Date: Q-84-i9- Risk navement Director County Attorney Review Ae Following Okaloosa County Board of County Commissioners approval: Contract & Grant Review Document has been appropriately reviewed and is executable: Date: Contracts & Grants Manager REVISED BY BCC 3-21-00