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09-14-2014 Seasons-Lettuce Shed Lane Mural License Agreement.LETTUCE SHED LANE MURAL LICENSE AGREEMENT This Lettuce Shed Lane Mural License Agreement ( "Agreement ") is entered into by and between the Town of Avon, CO, a Colorado home rule municipality ( "Licensee ") and Avon Partners ll, LLC, ( "Owner ") on October 1, 2014, RECITALS Owner owns a building located at 137 W. Benchmark Road, Avon, Colorado 81620, also known as "The Seasons Building," ( "Property "), which Property abuts the Lettuce Shed Lane pedestrian public right -of- way. Licensee desires to install an artistic graphic mural ( "Mural ") on the East facing wall of the Property ( "East Wall ") as an aesthetic enhancement for both the Property and the Lettuce Shed Lane pedestrian path, The location and depiction of the Mural are described in Exhibit A. Owner desires to grant permission to the Licensee to install and maintain the Mural as described in Exhibit A in accordance with the terms of this Agreement. NOW, THEREFORE, IN CONSIDERATION OF MUTUAL PROMISES, the sufficiency of which is acknowledged by Licensee and Owner, the parties agree as follows; 1. Owner hereby grants a non - revocable license to Licensee to install, maintain, repair and replace the Mural on the surface of the East Wall as more particularly described in Exhibit A. This license shall commence on the September 14, 2014 and shall continue until September 13, 2018. 2. If Licensees desires to secure a sponsorship for the Mural, it shall not do so with any party whose products or services directly compete with any tenant of Owner, including Vail Resorts. In the event Licensee in fact secures an authorized sponsorship for the Mural, Licensee shall provide Owner with a copy of the sponsorship agreement and remit to Owner fifty percent (50 %) of payment received by Licensee within five (5) days of such payment being received by Licensee. 3. Prior to installment of the Mural, Licensee shall provide Owner with all artwork and copy work for approval by Owner. The Mural shall not contain copy that is misleading, indecent, sexually explicit, libelous, unlawful or infringes on the rights of third parties. 4. The Licensee expressly agrees to, and shall, indemnify and hold harmless Owner and any of its officers, agents, or employees from any and all claims, damages, liability, or court awards, including costs and attorney's fee that are or may be awarded as a result of any loss, injury or damage sustained or claimed to have been sustained by anyone, including but not limited to, any person, firm, partnership, or corporation, in connection with or arising out of any omission or act of commission by the Licensee or any of its employees, agents, partners, or lessees, in encroaching upon the Property or East Wall. Licensee shall pay all expenses incurred by Owner, including costs and attorney fees, with respect to any litigation or proceeding commenced as a result of Licensee's activities under this Agreement. 5. The Licensee agrees that it will never institute any action or suit at law or in equity against Owner or any of its officers or employees, nor institute, prosecute, or in any way aid in the institution or prosecution of any claim, demand, or compensation for or on account of any damages, loss, or injury Lettuce Shed Lane Mural License Agreement Gart Properties — Town of Avon Page 1 of 3 either to person or property, or both, known or unknown, past, present or future, arising as a result of or from the non - revocable license granted to the Licensee by this Agreement. 6. The Licensee agrees that Owner is not liable, and will not assume any liability, responsibility, or costs for any damage, maintenance, or repair of the Mural improvements installed or maintained by the Licensee under this Agreement. Licensee shall maintain and repair the Mural in a manner deemed by Owner that is reasonable, appropriate and consistent with the Property. 7. The Licensee agrees to remove the Mural and repair and reconstruct any damage to the East Wall upon expiration of this Agreement at the sole cost and expense of the Licensee and at no cost or expense to Owner unless this Agreement is extended by mutual agreement of the Licensee and Owner, 8. The Licensee agrees to procure and maintain, at its own cost, a policy or policies of comprehensive general liability insurance protecting against injury, damage or loss occurring on the licensed premises in the minimum amount of One Million Dollars ($1,000,000,00) per occurrence and One Million Dollars ($1,000,000.00) in the aggregate. The policy shall include coverage for bodily injury, broad form property damage (including completed operations), personal injury (including coverage for contractual and employee acts), blanket contractual, independent contractors, products, and completed operations. The policy shall contain a severability of interests provision. Coverage shall be provided on an "occurrence" basis as opposed to a "claims made" basis. Such insurance shall be endorsed to name Owner as Certificate Holder and name Owner, and its elected officials, officers, employees and agents as additional insured parties. However, the Licensee's failure to take such steps to insure the premises shall not waive, affect, or impair any obligation of the Licensee to indemnify or hold Owner harmless in accordance with this Agreement. EXECUTED on September 14, 2014. OWNER: Avon Partners II a Colorado limited liability company Thomas Gart, resident Lettuce shed Lane Mural License Agreement Gart Properties — Town of Avon Page 2 of 3 LICENSEE: Town of Avon a Colorado home rule municipality By: (ga, Its: Man e-t— N:cn:INIV_vi The East Wall of The Season' Building is further described as follows: East wall is adjacent to Lettuce Shed Lane East wall faces the west end of the Wyndham Property East wall consists of two walls; the Mural will be placed on the large wall which measures 61' in length and 30' in height. The small wall will have a color block on it so that it blends with the Mural. See photographs below. Lettuce Shed Lane Mural License Agreement Gart Properties — Town of Avon Page 3 of 3