Okaloosa County BOCC — June 7, 2016 — A - 460017681 Okaloosa County Florida Sovereignty Submerged Land Lease

This Instrument Prepared By: Celeda Wallace Bureau of Public Land Administration 3900 Commonwealth Boulevard Mail Station No. 125 Tallahassee, Florida 32399 BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA _________________________________ SOVEREIGNTY SUBMERGED LANDS LEASE RENEWAL BOT FILE NO. 460017681 THIS LEASE is hereby issued by the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, hereinafter referred to as the Lessor. WITNESSETH: That for and in consideration of payment of the annual lease fees hereinafter provided and the faithful and timely performance of and compliance with all terms and conditions stated herein, the Lessor does hereby lease to Okaloosa County, Florida, hereinafter referred to as the Lessee, the sovereignty lands described as follows: A parcel of sovereignty submerged land in Section 20, Township 02 South, Range 23 West, in Gulf of Mexico, Okaloosa County, Florida, containing 23,421 square feet, more or less, as is more particularly described and shown on Attachment A, dated May 8, 1997. TO HAVE THE USE OF the hereinabove described premises from May 4, 2016, the effective date of this lease renewal, through May 4, 2021, the expiration date of this lease renewal. The terms and conditions on and for which this lease renewal is granted are as follows: 1. USE OF PROPERTY: The Lessee is hereby authorized to operate a commercial fishing pier to be used exclusively for passive recreation and fishing in conjunction with an upland bait shop and snack bar, without fueling facilities, without a sewage pumpout facility, and without liveaboards as defined in paragraph 26 as shown and conditioned in Attachment A, and the State of Florida Department of Environmental Protection Consolidated Wetland Resource Permit No. 462949819, dated February 21, 1997, incorporated herein and made a part of this lease by reference. All of the foregoing subject to the remaining conditions of this lease. [02-07]  2. LEASE FEES: The Lessee hereby agrees to pay to the Lessor an annual lease fee of $2,818.35, plus sales tax pursuant to Section 212.031, Florida Statutes, if applicable, within 30 days of the date of receipt of the invoice. The annual fee for the remaining years of this lease shall be adjusted pursuant to provisions of Rule 18-21.011, Florida Administrative Code. The State of Florida Department of Environmental Protection, Division of State Lands (the “Division”) will notify the Lessee in writing of the amount and the due date of each subsequent annual lease payment during the remaining term of this lease. All lease fees due hereunder shall be remitted to the Division as agent for the Lessor. 3. WET SLIP RENTAL CERTIFICATION/SUPPLEMENTAL PAYMENT: (A) The Lessee shall provide upon request by the Lessor any and all information in a certified form needed to calculate the lease fee specified in paragraph two (2) above, including the income, as defined in subsection 18-21.003(31), Florida Administrative Code, derived directly or indirectly from the use of sovereignty submerged lands on an annual basis. When six percent (6%) of said annual income exceeds the base fee or minimum annual fee established pursuant to Rule 18-21.011, Florida Administrative Code, for any lease year during the term of this lease, the Lessor shall send the Lessee a supplemental invoice for the difference in the amounts for that lease year. (B) The instrument or agreement used by the Lessee to transfer or assign the right to use a wet slip at the docking facility to a third party shall incl