Okaloosa County BOCC — March 18, 2014 — AOL Felder to GSB 3-10-14

ASSIGNMENT OF LEASE This ASSIGNMENT OF LEASE FOR HANGAR SPACE fully executed this day of , 2014, by and between RANDY FELDER, (hereinafter referred to as the “FIRST PARTY”) and GSB, LLC., (hereinafter referred to as the “SECOND PARTY/LESSEE”). WITNESSETH: WHEREAS, the FIRST PARTY entered into a Lease Agreement for a hangar at the Destin/Ft. Walton Beach Airport, Lease for Hangar Space Option dated September 9, 2008, and original lease dated January 9, 2002 with a current expiration date of January 14, 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 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 8 as shown on file in the office of the Airports Director, which is hereby incorporated herein by reference, and COUNTY hereby gives to SECOND PARTY permission to occupy and maintain one (1) hangar 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 Lease for Hangar Space (hereinafter called “LEASE”) is subject to all terms, covenants, conditions, and agreements 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 teh ol oad i Base, Florida, 32542-1498. The lease includes ONE THOUSAND TWO HUNDRED FIFTY (1,250) square feet at TWO DOLLARS FIFTY CENTS ($2.50) per square foot per year for a total annual cost of THREE THOUSAND ONE HUNDRED TWENTY FIVE DOLLARS ($3,125.00) 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: GSB Holdings LLC, Greg Lala, 10241 Destination Drive, Hammond, LA 70403. SECTION 3: ENTIRE ASSIGNMENT OF LEASE This ASSIGNMENT OF LEASE consists of the following: Sections 1 — 3. 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. (The remainder of this page is intentionally left blank) IN WITNESS, the parties hereto have executed these presents as of the day and year first above written. RANDY FELDER FIRST PARTY ATTESTS: Ce, WITNESS Map, OL GSB, by 7 GREG LALA SECOND PARTY "Ce oe. Kil Suw/ ee S) ae bn, Qe WIJNESS IN WITNESS WHEREOPF, the parties hereto have executed these presets as of the day and year first written. ATTEST: BOARD OF COUNTY COMMISSIONERS OKALOOSA COUNTY, FLORIDA CHARLES K. WINDES, JR CHAIRMAN GARY J. STANFORD DEPUTY CLERK OF CIRCUIT COURT OKALOOSA COUNTY, FLORIDA ACKNOWLEDGMENTS STATE OF ELORIDA LOULSia nA COUNTY OF-OKAEOOSA= | Cogn hicd Before me, the undersigned officer duly authorized to take acknowledgments in the COUNTY and STATE aforesaid, personally appeared RANDY FELDER 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 5 day of J aa , 2014, AD. My Commission expires: STATE OF FLORIDA LCI Sian fy COUNTY OF OKALOOSA Vi, udiy pa hor Before me, the undersigned officer duly authorized to take acknowledgments in the COUNTY and STATE aforesaid, personally appeared GREG LALA 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 By day of Wa« | i “EGINAWADSNORTH | TAR URS gant | My Commission expires: a ACOREIY CERTIFICATE OF LIABILITY INSURANCE DATE (MMIDDIYYYY) 03/05/2014 CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. THIS CERTIFICATE IS ISSUED AS AMATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED certificate holder in lieu of such endorsement(s). IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the PRODUCER Phone: (317) 815-9000 Fax: 317-815-9100 HOWARD FRY & SON, INC. 13862 SMOKEY RIDGE DRIVE CARMEL IN 46033 Kene°’ — Thomas P. Fry (at No, 60; (347) 815-9000 FAX iy, 317-818-9100 EMAL. _hfs@howardfry.com INSURER(S) AFFORDING COVERAGE NAIC # INSURERA : W. BROWN & ASSOCIATES INSURED LALA FAMILY HOLDINGS, LL C INSURER B : 10241 DESTINATION DRIVE INSURER C : HAMMOND LA 70403 INSURER D: INSURERE : INSURER F : COVERAGES CERTIFICATE NUMBER: 3211 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, N281RV, 2013 CIRRUS SR22-GTS EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADDL] SUBR POLICY EFF POLICY EXP LIR TYPE OF INSURANCE iNSD | WWD POLICY NUMBER (MMIDDIVYYY) (MMIDDIVYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ DAMAGE TO RENTED CLAIMS-MADE [| OCCUR PREMISES (Ea occurence) $ |__| MED, EXP (Any one person) $ PERSONAL & ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ — PRO- POLICY [| JECT [| Loc PRODUCTS - COMP/OP AGG | $ OTHER: $ Lom) COMBINED SINGLE LIMIT = AUTOMOBILE LIABILITY Ganendend $ 4 ANY AUTO SCHEDULED BODILY INJURY (Per person) | $ a noe AUTOS BODILY INJURY (Per accident) | $ r HIRED AUTOS NON-OWNED PROPERTY DAMAGE § rs —| AUTOS (per accident) : ; = UMBRELLA LIAB OCCUR EACH OCCURRENCE $ EXCESS LIAB CLAIMS-MADE AGGREGATE $ u DED | — |RETENTIONS $ PER OTH: = WORKERS COMPENSATION Po AND EMPLOYERS’ LIABILITY YIN | STATUTE | ER oy ANY PROPRIETOR/PARTNER/EXECUTIVE [| E.L. EACH ACCIDENT $ OFFICER/MEMBER EXCLUDED? NIA ; (iandatory in NH E.L. DISEASE-EA EMPLOYEE | $ S, des under DESCRIPTION OF OPERATIONS below E.L, DISEASE-POLICY LIMIT | $ A |AIRCRAFT LIABILITY NAB4030144 03/01/14 03/01/15 |$1,000,000 OCCUR AIRCRAFT HULL $750,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 104, Additional Remarks Schedule, may be attached if more space is required) OKALOOSA COUNTY IS NAMED AS ADDITIONAL INSURED ONLY WITH REGARDS TO THE OPERATIONS OF THE NAMED INSURED IN CERTIFICATE HOLDER CANCELLATION OKALOOSA COUNTY 602 - C NORTH PEARL STREET SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. CRESTVIEW FL 32536 Attention: AUTHORIZED REPRESENTATIVE THOMAS P. FRY ACORD 25 (2014/01) © 1588-2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD CONTRACT & LEASE INTERNAL COORDINATION SHEET Contract/Lease Number: LOK BAI= AF Tracking Number: % ST -/¢ Contractor/Lessee Name: Nandy ere Grant Funded: YES No > Purpose Pradigamend Of “ol oveat Hh CSB, 2) .C, Date/Term: i} rp) aves. 1. [] GREATER THAN $50,000 Amount:_ SIRS 0 0 Seticharsentlss rhage 2. [Sf GREATER THAN $25,000 ( Department: Aurports 3. D4 $25,000 oR LESS Dept. Monitor Name: ahaa re Document has been reviewed and includes‘any attachments or exhibits. yo Review awe epee IH _ Va aie Date: A a)yy Purchasing aa or Designee Jeanne. nd Risk Management Review a, as written: bo, MHL. Date: a frfil 7 VA 7 Risk ye or'designee County Attorney Review County Attorney Following Okaloosa County approval: Contracts & Grants Document has been received: Date: Contracts & Grants Manager Dave Miner From: Gary Real Sent: Thursday, March 06, 2014 12:05 PM To: Dave Miner Subject: RE: COl Looks fine. Gary R. Real Risk Manager, Okaloosa County Florida 850-689-5979 Please note: Due to Florida's very broad public records laws, most written communications to or from County employees regarding County business are public records, available to the public and media upon request. Therefore, this written e-mail communication, including your e-mail address, may be subject to public disclosure. From: Dave Miner Sent: Thursday, March 06, 2014 11:41 AM To: Gary Real Subject: COI Mr. Real: Please review the attached COI for an AOL from Mr. Randy Felder to GSB, LLC. and let me know if the insurance is sufficient. This is Block 8 so all they need is aircraft insurance , we provide the hangar insurance. Thank you. Dave David E. Miner Properties and Leases Okaloosa County Airports (850) 651-7160 Ext. 4 www.flyvps.com "Please note: Due to Florida's very broad public records laws, most written communication to or from County employees regarding County business are public records, available to the public upon request. Therefore, this written e- mail communication, including your e-mail address, may be subject to public disclosure."