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Home My WebLink AboutLand Use Case.HP.202 S Galena St.HPC2-92~ -~r~Il~l~~ )4 S. Galena Block 94 Lots abc 137-073-40-001 -i 1 * + Ape 2 -4 z 1 1 & DA 14 P --6 6 1 1 t /-43Â« .-3 -e L- 9-4 0 1 .. CASELOAD SUMMARY SHEET City of Aspen Historic Preservation Committee DATE RECEIVED: 1/28/92 CASE NUMBER: HPC2-92 DATE COMPLETE: PARCEL ID: 2737-073-40-001 PROJECT NAME: 202-204 South Galena Minor Development Project Address: 202-204 South Galena APPLICANT: Colorado Cable Company Applicant Address: REPRESENTATIVE: Glenn Horn. Davis Horn Inc. Representative Address/Phone: 300 East Hvman. Suite B Aspen. CO 81611 925-6587 TYPE OF APPLICATION: 1 STEP: 2 STEP: 3 STEP: Description HPC Meeting Dates: P&Z Meeting Date: CC Meeting Date: Historic Preservation Officer: Insubstantial Amendment or Exemption: Date: REFERRALS: Planning Building Zoning City Engineer Parks Dept. City Attorney DATE REFERRED: INITIALS: FINAL ROUTING: DATE ROUTED: INITIAL: City Atty City Clerks Office Other: FILE STATUS AND LOCATION: COMMENTS: .. Davis Hornlus- PLANNING Â· APPRAISING Â· REAL ESTATE CONSULTING January 28, 1992 Roxanne Eflin Aspen-Pitkin Planning Office 130 South Galena Aspen, Colorado 81611 Re: 202-204 South Galena Dear Roxanne: Davis Horn Incorporated and Sven Alstrom represent the Colorado Cable Company (hereinafter "applicant") who own a leasehold interest in 202-204 South Galena Street. As indicated in my January 9, letter, the applicant requests Minor Development approval from the Historical Preservation Committee to construct the first phase of the previously approved Sportstalker building. The application is being submitted pursuant to Section 6-601 E. (d) of the Aspen Land Use Regulations: ~Erection or remodeling of combinations of, or multiples of no more than three (3) of the following features: awnings, canopies, signs, fences and other similar attachments; or windows, doors, skylights and dormers. Erection of more than three (3) of the above listed features may be defined as minor if there is a finding that the cumulative impact of such development is minor in its effect on the character of the existing struc- tures.'1 The first phase of the project will involve the reconstruction of the first floor of the building including the facade. As part of AUCE DAVIS, SRA 1 GLENN HORN, AICP 300 EAST HYMAN Â· SUITE B Â· ASPEN, COLORADO 81611 Â· 303/925-6587 - FAX: 303/925-5180 .. Roxanne Eflin January 28, 1992 Page 2 this phase, the roof of the building will be reconstructed to support three floors. The following changes will be made to the approved plans: 1. Deletion of three small tenant entrances: 2. Addition of a temporary parapet for a one-story building; and 3. Temporary deletion of the stairs on the east side of the building. The stairs will be added when the second and third floors are added. The applicant shall demonstrate during the review proceedings that the cumulative impact of constructing only the first phase of the building will have a minor effect on the character of the existing structures in the site vicinity. As you requested in our pre-application conference, we are submitting the following support materials. Cover - Perspective; A-1 Site Plan; A-2 Basement Floor Plan; A-3 Ground Floor Plan; A-4 Site Elevations (neighboring buildings); A-5 North and West Elevations; A-6 South and East Elevations; and A-7 Storefront Detailing. Drawing A-7 depicts a detailed profile of the parapet illustrating shadow lines, materials and overlap. We intend to bring samples of building materials to the public meeting. Please let me know if you would like to see the materials prior to the meeting and we will bring them to your office. Attached for your review and consideration is a letter to Jed Caswell from the applicant,s attorney addressing the applicants right to submit a land use application for the subject site. Any questions concerning the applicant's legal right to submit a land .. Roxanne Eflin January 28, 1992 Page 3 use application should be addressed to Peter T. Moore, the applicant's attorney. Also attached is a letter from Lacy Frywald, Vice-President of the Colorado Cable Company, authorizing Glenn Horn and Sven Alstrom to submit the application and represent the Compnay in the review process. Lacy may be reached at 925-6331. Glenn may be reached at 925-6587 and Sven may be reached at 925- 4576. The applicant is seeking to begin demolition and construction in April and is anxious to obtain approval for this application. We are anticipating a hearing before the Historical Preservation Committee on February 12 or February 28. Please let me know immediately if there is a problem with our submission which may jeopardize the review schedule. We will be happy to provide any additional materials which you feel may be necessary for your review. Thank you for your cooperation. Sincerely, DAVIS HORN INCORPORATED j i d' C./Apn U / 1 lk- GLENN HORN AICP CC: Jerald Barnett Sven Alstrom .. Roxanne Eflin January 28, 1992 Page 4 Legal Description - Lots A, B, C, Block 94 City and Townsite of Aspen, Colorado Address - 202-204 South Galena Street 1 1-4* 8 ' 11*221*=1 Ilv % m I 1.1 .= 1 IL--1. 1~ 0. .1--4 i Ezzz' 111,1-=0-11 Ls.ASPEN -ST.-1- --=./.I---- ...................~..........~ N| ASPEN SI 1 1 o r-T-~lk--1 1 1 Elbll -----N MONARCH-~ b, , rEl 1 1 1 Z - H 1 1 2 0-0 1 91< O 1 -O m 1 1 1 0 10 1 1 1 1 1 1 .9 1 1 66L-ST. ---1 .=====.N MIL~ T .-- 1 0 1 1- -4 IMA 1. 0 F:*=1 45.2//SE I . 1 1 m I F-1/0-4- 1-' I i. tz=dia! 1 4 S GALENA ST. - ..lili......... 0 mr--1 i: I I 4CE' m tzi=H=1 . 1 LZ--d<- m1 = . 61 0 __-4 0 14Â» Ed Ed - e 1-1 9 1 0 m I 1 m E--7 11--2 ' r- ~~~~1 Fl I I El * r--1 1 13==0 - 1 1 E--1 r-m--i W 1 -0 1 10%1.--1 -1 'rm, 1 SNI>(dOH .. Colorado Cable Company Attention: Claude Connor 408 E. Cooper Avenue Aspen, Colorado 81611 January 28, 1992 Roxanne Eflin Aspen-Pitkin Planning Office 130 S. Galena Street Aspen, Colorado 81611 Re: 202-204 South Galena Dear Roxanne, Colorado Cable Company authorizes Glenn Horn and Sven Alstrom to submit an application to the City of Aspen Historical Preservation Committee and represent the Company in the review process. Please send all correspondence relating to our application to Glenn Horn. Thank you. Siygerely, 6Â»61E 90009 Colorado Cable Company Lacy Frywald, Vice-President .. Sven Erik Alstrom AA ARCHITECTURE â€¢ INTERIOR DESIGN April 23, 1992 '11\ \ 1 PL-- Bill Poss, Chairman Historic Preservation Committee *Roxanne Eflin, Historic Preservationist Aspen/Pitkin Planning Office 130 S. Galena Aspen, CO 81611 Re: THE GAP/SPORTSTALKER BUILDING 204 S. Galena Dear Bill and Roxanne, This letter is to summarize our meeting of April 14 and to provide revised drawings in accordance with our meeting. First, the primary, reason for our meeting was clarification of steel detailing on the storefront. Bent 12 GA steel plate will be used on detail 4/A8 for the pilasters. Samples were presented and approved by Bill and Roxanne. Project specifications will require a first class finish to all steel work. Second, the concrete column bases will now be Colorado Rose sandstone in lieu of precast concrete. This will be easier for the contractor to fit in place and will be more compatible with regard to historical reference. Also the painted wood sill below the wood storefront glazing shall now be sandstone as shown on 1/A8. Third, revision of the storefront return panels shown on A6 and 2A9 was approved. Finally, a painting schedule of colors will be furnished for your reference in accordance with representations made during the approval process. The steel pilasters and surrounds (2'-8" dimension) and the (2'-4") horizontal band will be satin finish (not semi-gloss) in a dark green/Parisian green similar to the Banana Republic and Brand Building storefronts. Wood siding and other wood trim and roof flashing will be in grey tones, grey- beige, and bronze colors selected in co-ordination with the tenant (THE GAP). Attached is a color sample board and North Elevation color study provided by THE GAP which appear compatible with the dark green painted steel. Please return these boards at your earliest convenience. -2.RP'....4 3----'-3 / IR . 7. Box 55 1-â€¢ Aspen, Colorado 81612 303 9251745 , a iwt , f 114â€¢-1 .. f . Bill Poss, Chairman Historic Preservation Committee Roxanne Eflin, Historic Preservationist April 23, 1992 Page TWO Thanks for your meeting in the Project Monitor's absence. Our contractor has been able to order steel in a timely fashion for our construction schedule thanks to your approval/assistance. Sincerely, clen 45*4201*0 I Sven Erik Alstrom, AIA SEA/cs Enclosures CC: Jerald Barnett Glen Horn Richard Chang, THE GAP Marty Draper (Enclosure all: revised drawings Al-A10) 07/03/91 06:50 11303 945 2593 ; . l,K.th.1~ 6; Ab bUL 461 Uul .. VIâ‚¬lu IJEE GIUDEN IUEALTBIEÂ«15 TO: PETER T. MOORE FROM: BILL BULLOCK FAX 303-945-2593 WK 1-800-274-1453 Dear Peter: As per our conservation, I am sending you the following. 1. A clear typed copy of the lease. 2. A copy of the tax notice, concerning the property. 930 Grand Avenue â€¢ Glenwood Springs. Co. 81601 â€¢ (30Â® 945-1010 JUL 3 '91 7:51 303 945 2593 PAGE.001 0 1 Pm(IN 6OUNTY TREASURER Y ' 506 L MAIN 51 * h ASPEN, COLORADO 81611 /:~9 h 1 - =94#AA, Int 1-, - PAID 'Â· 1 'Of - 1-AFS 0/01-00659 ,<\--0/,ri - PERAWT NO. ~| 1. BULLOCK. W..G. UND. 1/2 INT. 1 GRANT BULLOCK TRUST UNDâ€¢ 1/6 TNT. Me .111|ILTY, JOHN E . UNO- 1/6 INT. S I Ar D N , L A Vi] ME KAY UND. 1/12 INT. HAIUMANN. 1. OTS At#; UND. 1/12 TNT. flox 1,09 GLENWOOD SPRINGS. COLORADO 81601 91 r ! 1â€¢1 O NIAIL TO 0,2 iu ii j . 1, ; 022' OA Â·O 6 .... TAX NOTICE 1 3 2 -5 3 :i: ' 0 ./ 2> .4 Â·V 200'39Wd 8652 9*6 808 IS:2- IS, 8 inf U 1 14 u J" Bl l.'0,01 6,J J Ve 0 + d ..0 9 .4 -1 V V V'-Â· .. T , 1 LEASE THIS LEASE, made and entered into this 3lst day of December, 1986, between Hopkins Street Investment Company, a Colorado General Partnership (referred to below as the "Landlord") , and Colorado Cable Corporation, a Colorado Corporation (referred to below as the "Tenant") . WITNESSETH ARTICLE I Leased Premises The Landlord hereby leases to the Tenant, and Tenant hereby rents from Landlord, the "Leased premises" described in the Summary of Business Terms attached hereto at Exhibit A (herein "Summary of Business Terms"). ARTICLE II Term The term of this Lease is stated in the Summary of Business Terms. ARTICLE III Rent 1. The Tenant agrees to pay the Landlord an annual rental for each year during the term Of the Lease, which rent is specified in the Summary Of Business Terms. This rental is payable in monthly installments as set forth in the Summary of Business Terms due on the first day of each calendar month during the term hereof without prior demand. 2. Commencing with the first year of each renewal term, as specified in the Summary of Business Terms, the annual rental amount shall be increased by fifteen percent (15%) over the annual rental amount due during the last year of the preceding term of the Lease (whether the initial term or a preceding renewal term). The annual rental amount so established shall be the annual rental amount payable during each year of said renewal term. JUL 3 '91 7:51 303 945 2593 PAGE.003 U i / l.1 J / 8 1 l.10,0- U JU O :,40 .dele , . 1-1 1 U..d. - .. 4 -.-- .. ARTICLE IV Utilities 1. With regard to all utilities, it is mutually agreed that Landlord shall not be liable in damages or otherwise for any interruption or failure thereof when such interruption or failure is not due to the negligence of Landlord. 2. Tenant further agrees that Tenant will not install any equipment which will exceed or overload the capacity of any utility facilities, and that if any equipment installed by Tenant shall require additional utility facilities, they shall be installed and maintained at Tenant's expense. ARTICLE V General Property Taxes For each Leaee Year commencing with the year 1988, the Tenant shall pay the general property taxes for the premises for the preceding lease year which taxes shall be payable when due an, and each year thereafter during the term of this Lease. The term "general property taxes" as used herein shall mean any governmental or quasi-governmental ad valorem taxes, assessments, levies and charges, general or special, upon or generated exclusively by the Building and the land occupied by the Building. Whether or not the Landlord actually takes advantage of any provision for Raying a special assessment in installments, he shall be considered to have done SO, SO that the "general property taxes" will include only current annual installments of taxes and assessments. As promptly as possible following receipt by Landlord of his tax and assessment notice on the subject property for the preceding year, a copy of the same shall be sent to the Tenant. ARTICLE VI Fire, Casualty and General Public Liability Insurance 1. The Tenant shall insure the Building against f ire, normal extended coverage perils, vandalism and malicious mischief. Such insurance shall provide protection to the extent of at least $450,000.00, commencing February 1, 1987, Landlord shall maintain existing insurance until said date. In addition to the general public liability insurance coverage provided for in Article XIII to be carried by the Tenant for the benefit of the Tenant and the r.andlord, the Landlord may, at its' own expense and for itsT own benefit, provide general public liab,ility insurance coverage for the Building. -2- JUL 3 '91 7:52 303 945 2593 PAGE.004 0 4 U Â·) 21 1 .0.0. .. , f 1 k 2. Throughout the term of this Lease, the Tenant shall carry and maintain in effect insurance covering his trade fixtures, equipment, furnishings and leasehold improvements, which insurance shall protect against fire, normal extended coverage perils, vandalism, malicious mischief. Such insurance shall provide coverage to the extent of at least ninety percent (90%) of the insurable replacement cost of the insured property. ARTICLE VII Parking If due solely to the Tenant's use Of the premises, the Landlord becomes required by any governmental agency to provide additional parking spaces or pay a parking assessment, the Tenant shall pay for or be charged for the provision of these spaces. ARTICLE VIII Landlord's Right to Subordinate Lease This Lease shall be subordinate to the lien of any trust deed or deeds, mortgages, or liens resulting from any other method Of financing or refinancing hereafter placed upon the - Leased Premises by Landlord, and to all other amounts advanced thereunder for consolidations and extensions thereof; provided, however, that any such,lienholder agrees in writing that in the event of any foreclosure or other Suit, sale or proceeding thereunder, Tenant, if not then in default hereunder will not be made a party to any such suit or proceeding, and the result of said foreclosure or suit shall not affect the rights of the Tenant to continue in peaceful possession Of the leasehold premises under all of the terms of this Lease. Tenant agrees to execute such instruments as may reasonably be requested by any beneficiary or mortgagee to evidence and make a record of the fact that this Lease is to be inferior to any such deed of trust or mortgage according to these provisions. The parties further agree that in the event the Landlord fails to make any payments, or otherwise perform any terms and conditions that it is clearly required to perform pursuant to any financing or refinancing agreement placed against the subject real estate to which the Tenant's lease is subordinated, pursuant to the terms of this Paragraph, the Tenant shall have the right, upon reasonable notice to the Landlord, to cure said default and to apply the cost of said cure to any past due, currently due, or prospective rent due pursuant to the terms of this Lease, or to apply the cost of said cure to the purchase price for the Leased Prem,ises as set forth in any option or sale agreement made by and -3- JUL 3 '91 7:53 303 945 2593 PAGE.005 /1 ' 1.1 0 ' U 1 . 0. 0 0 6,10 vo <, -1 0 6000 , . .1.LIA-. 4 U. a Â·IÂ·/ v I .. , 1 /1 between the Landlord and the Tenant concerning a sale of the Leased Premises by the Landlord to the Tenant. The lienholder of the lien to which this Lease is subordinate shall agree in writing to provide Tenant 30 days notice of any such default by Landlord and of Tenant's right to cure. ARTICLE IX Tenant Agrees 1. To pay rent promptly in advance as herein provided, to the address of Landlord shown above or as hereafter designated in writing by Landlord. 2. Tenant acknowledges and agrees that upon taking possession of the Leased Premises Tenant Will have carefully examined the same, be familiar with the condition thereof, and relying solely on such examination will accept them in their condition at that time, unless Landlord and Tenant otherwise expressly agree in writing. Tenant shall at all times maintain the premises in good condition and state of repair and shall, at the Tenant's own cost and expense, make all necessary repairs thereto, , at its sole + cost and expense, the structural, mechanical and electrical elements of the building and premises including, without limitation, the roof, heating plant, plumbing lines and fixtures. At the end or other expiration of the term hereof, Tenant shall deliver up the Leased Premises in good condition, wear and tear from a reasonable use thereof and damage by the elements not resulting from the neglect or fault of the Tenant, excepted. 3. To prevent any disorderly conduct, noise or nuisance whatever on or about the premises. 4. Not to use such premises or let them be used for any purpose contrary to applicable law. ordinance or regulation. 5. To prevent overloading or abuse of floors, walls or structure, to permit neither the storage nor the use on the premises of any gaseous, explosive, or highly flammable matter, and to prevent any use of the premises which would render the insurance void or the insurance risk more hazardous. In case of a breach of this covenant, and in addition to all other remedies of Landlord for the breach by Tenant of any of the conditions or covenants of this Lease, Tenant agrees to pay to Landlord as additional rent any and all increase or increases of premiums on insurance carried by Landlord on the Leased Premises or on the Building caused in any way by Tenant's use Of the subject premises. -4- JUL 3 '91 7:53 303 945 2593 PAGE.006 07.03/91 0 b: 34 FOU.3 340 2090 MALL.\ d .1./J L' C. t:J v i., 1 .. 1 . 6. To permit Landlord to advertise the premises for rent at a reasonable time before the Lease expires or the tenancy otherwise terminates. Signs or other devices for said purpose may be placed in or about the premises not sooner than ninety (90) days prior to the expiration of the Lease. In addition, to permlt Landlord to show the premises to prospective tenants during said ninety (90) day period. 7. To give Landlord written notice of any accident, fire or damage occurring within or to the Leased Premises. ARTICLE X Tenant's Right to Make Improvements, Additions and Alterationf Tenant may make or permit to be made any alterations, additions, or changes to the Leased Premises, including demolition, remodelling, reconstruction, renovation, new construction (the foregoing collectively shall be referred to as "Improvements") without the Landlord's prior written consent, provided that the costs necessary to complete said Improvements are fully secured by a performance bond -or, if not a performance bond, by other adequate security acceptable to Landlord. In order to determine the cost of completion of the Improvements, Tenant shall obtain a binding contract with a contractor which . contract provides for a maximum top set cost for said Improvements. The security for completion of the Improvements shall be in an amount pot less than 120% of the top set cost set forth in said contract. Not less than 30 days prior to the commencement of work on the Improvements, Tenant shall give to Landlord a true COPy of the Contract and evidence of the performance bond or other proposed security. If Landlord does not believe that the contract and security are in conformance with this provision or if the security is not a performance bond and said security is not satisfactory to Landlord, Landlord shall notify Tenant not later than 5 business days from Landlord's recelpt of said information by written notice to Tenant of Landlord's objections to same. Landlordls objections shall not be unreasonably made and the parties shall, in good faith, attempt to resolve any such objection. If the objection cannot be resolved, Landlord shall have the right to seek an injunction against Tenant's commencement of the work or take other action that Landlord deems appropriate. Notwithstanding the foregoing, Tenant shall not be obligated to provide a performance bond or other security or to obtain any consent from Landlord if the cost of the Improvements is less than 20% of the appraised value of the Premises excluding the value of the land. Tenant shall also have the right to apply for and obtain any zoning and/or subdivision approvals which may be avajlable to Tenant under the ord<nances of the City of Aspen and Landlord agrees to execute -5- JUL 3 '91 7:54 303 945 2593 PAGE.007 U i / U J / 8 1 U D.04 La- o U ..) 2 4 0 . 0 0 0 UILIL.L. F O. .1 J J V 4 -EU V '.' V .. 1 1 any consent or authorization to Tenant to obtain said approvals as may be required by the City Of Aspen to accomplish said purposes. Tenant shall cause any Improvements to be made in a workmanlike manner and strictly in accordance with all ordinances and regulations relating thereto. Upon a termination of this Lease and the expiration Of all of Tenant's rights in the Premises, all such Improvements shall become the property of the Landlord except that if the termination or expiration is not by reason of default of Tenant, Tenant may remove drapes, movable furniture and decorative items of Tenant, Tenant's fixtures and other such property provided Tenant shall repair any damage to the Premises caused by such removal . ARTICLE XI Landlord Agrees TO deliver to the Tenant the Leased Premises in good condition, with all sewer and drain connections and lines, plumbing and electrical wirlng in good working order and repair. It is expressly understood and agreed that Landlord shall have no obligation to repair or replace any improvements, additions or alterations or to remedy problems caused by any such . improvements, additions or alterations. It is further understood and agreed that all obligations of maintenance and repair shall be the Tenant's as hereinbefore provided, including, but not by way of limitation, the replacement of all glass, both interior and exterior, broken or otherwise damaged during the term hereof. Landlord acknowledges that Tenant is a related party to the purchase under a certain Assets Purchase Agreement (hereinafter "Purchase Agreement") between Tenant and Bill Bullocks, Inc. (hereinafter "Bullocks"), which Purchase Agreement includes the acquisition of the assets of Bullocks existing business located within the Premises and certain leasehold improvements therein and an Assets Purchase Agreement for the assets of the Bill Bullock's store located in Breckenridge, Colorado. Bullocks and Landlord are businesses with common shareholders and partners and it is in Landlord's interest to assure Tenant of the performance Of certain obligations Of Bullocks in each of the Purchase Agreements and to guarantee the same. Therefore, in consideration of Tenant's exercise of this Lease with Landlord and other benefit to be derived by Landlord as a result of the proper performance by Bullocks of each of the Purchase Agreements, Landlord agrees that in the event of any default or misrepresentation by Bullocks in the terms of either or both of the Purchase Agreements, or this Lease or in any encumbrance upon the,Premises, which breach or default relates to (i) liens or -6- JUL 3 '91 7:55 303 945 2593 PAGE.008 l.) i /03/91 .0 : Do -UJ UÂ·) 8 40 ;0 8Â·) ) . 1/ALL.+ 04 -1,3 .3 U L -EU V - .. , encumbrances on the Assets purchased or the Premises or (ii) failure to pay any tax liabilities related to the businesses involved in the Purchase Agreement, Tenant shall have a right to expend such sums and undertake such efforts as are necessary to satisfy Bullock's obligations under either or both Of the Purchase Agreements or this Lease or in any encumbrance upon the Premises and, in such event, if Tenant is not in default under this Lease at the time said breach or default by Bullock's or Landlord occurs, Tenant shall be entitled to set off an amount equal to 125% of the amount expended to satisfy said breach or default. This right of set off shall not be a limitation of Tenant's rights against Bullocks for any such breach or default but shall be in addition to all other rights that Tenant may have. It is expressly agreed and understood that Tenant shall not be deemed in breach of this Lease for failure to pay rent when the failure to Pay said rent is the result of Tenant's exercise of this right of set off. ARTICLE XII Assignment and Subleasing The Tenant may assign, sublet, enchmber, pledge or use as collateral in any fashion, the Lease or any portion of the Leased Premises, without the prior consent of Landlord. Unless Tenant obtains Landlord's written consent to any of the foregoing, Tenant's obligations hereunder shall continue in full force and effect in accordance with all the terms of this Lease. ARTICLE XIII Liability Insurance The Tenant, at his own cost and expense, shall provide and keep in full force for the benefit of the Tenant and the Landlord (as named or additional insured) during the term hereof or any extension or renewal period, general public liability insurance, insuring against any and all liability, or claims of liability arising out of, occasioned by or resulting from an accident or otherwise in or about the Leased Premises, for injuries to any person or persons, for limits Of not less than Five Hundred Thousand Dollars ($500,000.00) for injuries to one or more persons in any one accident or occurrence and for loss or damage to the property of anY one person or persons, for not less than Five Hundred Thousand Dollars ($500,000.00). The policy or policies of insurance (or certificate of insurance therefor), shall be issued by a companY or companies authorized to do business in this State and copies thereof shall be delivered to the Landlord together with evidence of the payment of the prefiums therefor, prior to the commencement of the term hereof -7- JUL 3 '91 7:55 303 945 2593 PAGE.009 .. . or the date when the Tenant shall enter into possession, whichever occurs later. The Tenant also agrees to and shall save, hold and keep harmless and indemnify the Landlord, from and against any and all payments, expenses, costs, attorneys' fees and from and against any and all claims and liability for losses or damage to property or injuries to persons occasioned wholly or in part by or resulting from any acts or omissions by the Tenant or the Tenant's agents, employees, guests, licensees, invitees, subtenants, assignees or successors, or for any cause or reason whatsoever arising out of or by reason of the occupancy by the Tenant and the conduct of the Tenant's business, except if due to the fault of Landlord. ARTICLE XIV Holding Over If the Tenant shall, with the knowledge and consent of the Landlord, continue to occupy the Leased Premises after the expiration of the term of this Lease, the Tenant shall become for such extension period a Tenant from month to month on the same terms as herein stipulated for the last month of the term. ARTICLE XV Landlord's Lien The parties hereto understand and agree that in order to secure payment of all sums becoming due at any time to Landlord hereunder and to secure the proper performance and fulfillment by Tenant of the Tenant's agreements herein, Landlord hereby has a security interest in and first lien upon all of the personal property and fixtures which Tenant shall hereafter place or permit to be placed in, upon, or about the Leased Premises. In the event of default by Tenant under this Lease, the Landlord shall have a right to all of the subject personal property and fixtures as if Landlord were a creditor under the Colorado Uniform Commercial Code. In addition, in the event of default by Tenant under this Lease, the Tenant hereby authorizes the Landlord to enter upon the subject premises and to remove and to sell the personal property and fixtures which are the subject of this lien. This action shall not be deemed a breach of the peace. Tenant agrees to pay the reasonable attorney's fees incurred by the Landlard in the event the Landlord must foreclose upon the security interest and first lien granted by Tenant herein. The foregoing notwithstanding, Landlord agrees to subordinate its lien to the lien of a lender providing financing to Tenant, its successors and assigns. -8- JUL 3 '91 7:56 303 945 2593 PAGE.010 .. 4 I ARTICLE XVI Mechanic's Liens 1. Tenant shall not permit any mechanicls, materialmen's or other lien to stand against the Leased Premises or the Building for work or materials furnished to the Tenant; provided that Tenant shall have the right to contest the validity of any lien or claim provided Tenant shall adequately defend any interest of Landlord from any prejudice thereby. 2. If Tenant shall be in default in paying any charge for which a mechanic'$ lien, claim or suit to foreclose a lien has been recorded or filed, and shall not have defended Landlord's interests as aforesaid, Landlord may (but without being required to do so) pay said lien or claim and any costs, and the amounts 80 paid, together with reasonable attorney's fees incurred in connection therewith, shall be immediately due and owing from Tenant to Landlord with interest at the rate of twelve percent (12%) per annum from the dates of the Landlord's payments. 3. Should any claim or lien be filed or recorded against the Leased Premises or Building or any action affecting the title thereto be commenced, Tenant shall give Landlord written notice thereof in a timely manner. 4. Landlord shall have the right to go upon and inspect . the Leased Premises At all reasonable times, and shall have the right to post and keep posted thereon notices such as those provided for by Section 38-22-105(2), 1973 C.R.S., or which Landlord may deem to be proper for the protection of Landlord's interest in the Leased Premises against statutory liens for labor and materials. ARTICLE XVII Damage to Leased Premises This Lease shall not terminate and rent shall not abate in the event of any damage by fire or other casualty to the Premises. Proceeds of insurance provided under Article VI hereof shall be held in an interest bearing account by an agent to be agreed upon by the parties and disbursed at the election of Tenant for (i) repairs or replacement of the Premises or (ii) paid over to the tandlord at the expiration of the Lease. If the proceeds of any insurance are in excess of the amounts required to place the Premises in not less than the condition they were in prior to suffering the insured loss, Tenant shall be entitled to any such excess. If Tenant elects not to repair or replace the Premises to the extent of said damage, Tenant shall be entitled to qeceive the interest earned on the insurance proceeds placed -9- T 1-1 L C' '91 -1 Â· E-p 0 '-El C' :T' C n -1 .. , I into said account as the same accrue. Nothing herein shall be interpreted to prevent Tenant from rebuilding, repairing or replacing the Premises to a condition which is better than the condition of the Premises at the time of the casualty. ARTICLE XVIII Tenant's Indemnification of Landlord The Tenant shall assume all liability for damages which may arise from any accident which occurs in or about the Leased Premises while this Lease is in force except as otherwise provided by this Lease, incident to Tenant's use of the Premises. The Tenant agrees to make no claim against the Landlord for or on account of any loss or damage by reason of fire or other casualty (including utility breakage or malfunction) except as anticipated by this Lease and as may be caused by a wilful breach of any of the Landlord's agreements hereof. The Landlord shall not be liable for damage to personal property in or about the leased property except as aforesaid. The Tenant shall save the Landlord harmless from any liability or expense arising from personal injury or property damage to others in or about the Leased Premises while this Lease or any renewal or extension hereof is in force. This indemnification clause shall not be construed to create any right of action or basis of claim on behalf of any third party against either party hereto and shall not be a bar to . Tenant' s claims against Landlord if the damages sought are due to the fault or neglect of Landlord, its agents or employees. ARTICLE XIX Covenant of Qulet Enjoyment So long as the Tenant is not in default hereunder during the base term hereof and any renewal or extension hereof, the Landlord covenants that the Tenant shall peaceably and quietly occupy and enjoy the Leased Premises subject to the terms hereof. The Landlord warrants and agrees to defend the title to the Leased Premises, and further warrants that it has full authority to execute this Lease. ARTICLE XX Waiver No assent expressed or implied by the Landlord to any breach of any one or more of the covenants or agreements hereof by the Tenant shall be deemed or construed to be a waiver of any sucqeeding or other breach. Furthermore, it is hereby covenanted -10- JUL 3 '91 7:57 303 945 2593 PAGE.012 .. 1 and agreed, any usage or custom to the contrary notwithstanding, that Landlord shall have the right at all times to enforce the covenants and provisions of this Lease in strict accordance with the terms hereof, notwithstanding any conduct or custom on the part of the Landlord in refraining from so doing at any time or times; and further, that the failure of Landlord at any time or times to enforce its rights under said covenants and provisions strictly in accordance with the same shall not be construed as having created a custom in any way or manner contrary to the specific terms, provisions and covenants Of this Lease or as having in any way or manner modified the same. ARTICLE XXI Eminent Domain 1. In the event that the Building is taken in whole or in part by condemnation proceedings or eminent domain, or in the event that Landlord (and Tenant if necessary) shall convey all or a part of said Leased Premises in avoidance or in settlement of such condemnation proceedings, or threat of condemnation proceedings <either of which is referred to hereinafter as "the taking" ), Landlord and Tenant herein agree as follows: If the taking is a part of the Leased Premises, then from the time of taking of physical possession by the condemnor or proposed condemnor, the then rent payable hereunder shall abate in the ratio that the area - of the Leased Premises taken bears to the area Of the Leased Premises before such taking; provided, however, that in the event a portion of said Leased Premises in excess of one-fifth (1//5) of the area thereof is taken, or if such taking shall render the remainder of the Leased Premises unsuitable for the use to which it has been put immediately prior to such taking, then at Tenant's option this Lease shall terminate. Whether condemnation be for a part of the whole of the Leased Premises, the award, sale price or amount received in settlement will be apportioned between Landlord and Tenant as follows: (a) First, to the Landlord - All amounts attributable to the value of the land and Building taken, with such land and improvements to be valued as if free and clear of all liens and encumbrances including this Lease, and as if in the same condition as at the time of execution of this Lease. (b) Next, to the Tenant - All amounts attributable to the value of any improvements constructed on the Leased Premises by Tenant and the market value of the Lease on said portion taken. -11- I - ---- ---- -4- .. . .:, (C) Finally, to the Landlord - the balance of the award, if any. Any person or party claiming by, through or under Landlord or Tenant, respectively, shall share in any award, sales proceeds or settlement only out of the portion thereof allocated to the party by, through or under which they claim. 2. In the event of the taking of the whole of the Leased Premises, this Lease shall terminate and all obligations of the parties to each other hereunder shall cease upon the taking of physical possession by the condemnor or proposed condemnor and the proceeds from said taking shall be allocated as set forth above. 3. In the event of the partial taking or condemning of the Leased Premises hereinabove mentioned, and if in such event Tenant does not, pursuant to his rights hereunder, elect to terminate this Lease, the award made to Tenant for such partial taking or condemnation shall be used for the restoration of first, the Leased Premises and second, the Building to the extent necessary to render the same a complete unit as nearly as possible equal in quality and as existed prior to the taking. ARTICLE XXII Default 1. The occurrence of any of the following shall constitute an event of default: (a) Delinquency by the Tenant in payment of rent under this Lease for a period of ten (10) days from the date such rent became due and payable. (b) Delinquency by the Tenant in the performance of or compliance with any of the other obligations or covenants of Tenant contained in this Lease, for a period Of 30 days after written notice thereof from Landlord to Tenant. (C) Filing by or against the Tenant in any court pursuant to any statute either of the United States or Of any state, Of a petition in bankruptcy of insolvency, or for reorganization, or for the appointment of a receiver or trustee, of all or a portion of the Tenantls property, if within ninety (90) days after the commencement of any such proceeding involving the Tenant such petition shall not have been dismissed. -12- JUL 9 '91 -: 59 .. .. I ' 2. In the event Of default in non-payment of rent as defined in Paragraph 1(a) above, this Lease shall automatically terminate on the date specified in Landlord's three (3) day notice for payment of the rent or surrender of possession of the Premises under Section 13-40-104(d) (1973 C.R.S.), if Tenant fails to pay such rent as demanded in said notice. In the event of a default by Tenant under the provisions of Paragraphs 1(b) or 1(c} above, this Lease shall automatically terminate on the date specified in Landlord's three (3) day notice thereof under Section 13-40-104(e) (1973 C.R.S.). 3. Upon the expiration Of this Lease pursuant to the preceding subparagraph, the Tenant shall peacefully surrender the Leased Premises to the Landlord, and the Landlord upon or at any time after any such expiration, may, without further notice, reenter the Leased Premises and repossess it by force, summary proceedings, ejectment or otherwise, and may dispossess the Tenant and remove the Tenant and all other persons and property from the Leased Premises, and may have, hold and enjoy the Leased Premises and the right to receive all rental income therefrom. 4. At any time after such expiration, the Landlord may relet the Leased Premises or any part thereof, in the name of the Landlord or otherwise for such term (which may be greater or less than the period which would otherwise have constituted the balance of the term of the Lease), and such conditions as the Landlord, in the Landlord's reasonable discretion, may determine and may collect and receive the rents therefrom. 5. No such expiration of this Lease shall relieve the Tenant's liability and obligations under this Lease, and such liability and obligations shall survive any such expiration. In the event of any such expiration, the Tenant shall pay to the Landlord the rent required to be paid by the Tenant up to the time of such expiration, and thereafter the Tenant, until the end of what would have been the term of this Lease in the absence of such expiration, shall be liable to the Landlord for, and shall pay to the Landlord as and for liquidated and agreed damages for the Tenant's default: (a) The equivalent Of the amount Of the rent which would be payable under this Lease by the Tenant if the Lease were still in effect, less (b) The net proceeds Of any reletting effected pursuant to the provisions of the preceding subparagraph, after deducting all Of the Landlord's expenses in connection with such reletting, including, without limitation, all repossession costs, principals' time, brokerage commissions, legal expenses, attorneys' fees, alteration costs and expenses of restoring the premises to their condition at the commencement of this -13- --- .. . Lease if the same is commercially reasonable. 6. The parties agree that time is of the essence hereof. The parties further agree that if any payment or any other condition hereof is not made, tendered or performed by either the Landlord or Tenant as herein provided, then this Lease, at the option of the party who is not in default, may be terminated by such party, in which case the non-defaulting party may recover such damages as may be proper. The parties acknowledge and agree that monetary damages may not be adequate to cure a default of the terms and conditions of this Lease and agree that the non- defaulting party may seek and secure equitable remedies, including but not limited to the remedies of specific performance and injunctions. ARTICLE XXIII Notice 1. All notices to be given with respect to this Lease shall be in writing. Each notice shall be sent by registered or certified mail, postage prepaid and return receipt requested, to the party to be notified at the address set forth herein or at such other address as either party may from time to time designate in writing. 2. Every notice shall be deemed to have been given three days after it is deposited in the United States mail in the manner prescribed h-erein. Nothing contained herein shall be construed to preclude personal service of any notice in the manner prescribed for personal service of a summons or other legal process. ARTICLE XXIV Expenses of Default; Attorneys' Fees In the event either party is required to retain the services of an attorney at law for the purpose of enforcing any provision or right hereunder or in any way related hereto or arising herefrom, the defaulting party covenants and agrees to pay the non-defaulting party's costs and expenses related to the enforcement of this agreement, including but not limited to reasonable attorneys' fees incurred therein by the non-defaulting party. If the matter proceeds to litigation and both parties are found to be in default in their obligations arising from this agreement, the parties agree that the judge presiding over the litigation may charge one or both parties with all or any portion of the adverse party's reasonable attorneys: fees, said charge to be,based upon the relative severity of each party's default and -14- JUL 3 '91 8:00 303 945 2593 PAGE.016 .. I . such other factors as the judge may deem appropriate. ARTICLE XXV Right of Landlord to Enter Premises Landlord or its agents or employees may enter upon the Leased Premises at any reasonable times during the term of this Lease with reasonable notice to Tenant or without such notice if it is deemed necessary by Landlord for protection of the premises or of adjoining areas in the Building. Tenant understands that Landlord may from time to time need to enter the premises to make repairs and in so doing may cause an interruption to Tenant's business. Damages for interruptions that materially interfere with Tenant's business shall be restricted to an abatement of rent for such period and to the extent of the deprivation of Tenant's use of the premises. Landlord shall use its best efforts -to cause as little interruption to Tenant's business as is possible under the circumstances. ARTICLE XXVI Remedies Cumulative All of the remedies hereinbefore given to Landlord and all rights and remedjes biven to Landlord by law or equity shall be deemed cumulative and concurrent. ARTICLE XXVII Severability/Construction If any clause or provision of this agreement is found to be illegal, invalid or unenforceable under present or future laws effective during this agreement, then and in that event it is the intention of the parties thereto that the remainder of this agreement shall not be affected thereby, and it is also the intention of the parties that in lieu of each clause or provision of this agreement that is illegal, invalid or unenforceable, there be added as part of this agreement a clause or provision as similar in terms to such illegal, invalid or unenforceable clause or provision as may be possible and be legal, valid and enforceable. The parties further represent that the provisions of this agreement were reviewed and approved by the parties and their respective counsel and the parties agree that this agreement shall not be construed either for or against either party as a result of the drafting of this agreement. -15- - .. f . ARTICLE XXVIII genders Where necessary to carry out the meaning hereof, the singular shall mean the plural, the plural the singular, and any gender apply to all genders. ARTICLE XXIX Descriptive Headings The descriptive headings of this Lease are inserted for convenience in reference only and do not in any way limit or amplify the terms and provisions hereof. ARTICLE XXX Merger Clause This Lease, the Summary of Business Terms attached hereto and the Exhibits constitute the total understanding of the parties with respect to the subject matter hereof and no modifications thereof may be made except by a writing signed by both of the parties. ARTICLE XXXI Counterparts This Lease may be executed simultaneously in two or more counterparts. each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. ARTICLE XXXII Binding Effect This Lease and all agreements herein contained shall bind the parties hereto and their heirs, personal representatives, successors and assigns. -16- JUL 3 '9l 8:01 303 945 2593 PAGE.elf .. . ARTICLE XXXIII Additional Provisions Any exhibits, addendums or additional provisions and signed by the parties hereto are hereby incorporated into this Lease Agreement by this reference and constitute additional terms, conditions, consideration and representations by the respective parties and are relied upon by the parties in entering into this Lease Agreement. Any breach of the terms and conditions of any Exhibit or any material misrepresentation in any Exhibit shall constitute a breach of this Lease Agreement. IN WITNESS WHEREOF, the Landlord and Tenant have executed this Lease on the day and year first above written. LANDLORD: TENANT: HOPKINS STREET INVESTMENT COLORADO CABLE COMPANY, a Colorado COMPANY, a Colorado General Corporation Partnership By: By: (Title) (Title) - I. -17- TIll , 12 1 $.91 O -1 9 0(07 0 -1 i'Z C ,-Â· i = .. , . P EXHIBIT "A" SUMMARY OF BUSINESS TERMS This Summary of Business Terms is an Addendum to and part of a certain Lease made by and between Hopkins Street Investment Company (Landlord) and Colorado Cable Company (Tenant). 1. Leased Premises. The leased premises are described as follows: Lots A, B, and C, Block 94 City and Townsite of Aspen, Pitkin County, Colorado 2. Rental Term. The initial rental term shall commence on December 31, 1986, and terminate on December 31, 1991, thereby running for a period of five years from the commencement of the initial term. The Tenant shall have the right to renew the Lease for five (5) additional five (5) year renewal terms, provided that Tenant shall glve the Landlord not less than ninety (90) days notice in writing of its intent to renew this Lease before the end of each renewal term or with respect to the commencement of the first renewal term, within ninety days of the expiration of the initial term of the Lease and further provided that at the time of giving notice, that the Tenant shall not be in default in any of its obligations pursuant to the Lease Agreement. In the event Tenant does nbt give Landlord the above notice to renew this Lease within the ninety (90) day period provided above, Landlord shall first give Tenant three (3) days written notice of Tenant' s failure to so' notify Landlord of its intent to renew the Lease and an opportunity to provide Landlord with notice of Tenant's intent to renew this Lease within said three (3) day period, before Tenant shall lose its right to so renew the Lease. 3. Annual Rent. The annual rental for the first year of the initial term of the Lease shall be $95,000.00. The rental shall be payable monthly according to the following schedule: December through June, $10,000.00 per month inclusive July through November, $5,000.00 per month inclusive Rent shall be due and payable on the first day of each month during the term of this Lease. Rent shall increase over the term of this Lease in accordance with the provisions of Article III of the Lease. Thereafter the annual rent during the initial term shall be $120,000.00 payable in equal monthly installments of $10,000.00 each. -18- 0 . f . 1, ' 4. Rent Pavment. The rent shall be delivered to P.O. Box 609, Glenwood Springs, Colorado 81602 as agent for the Landlord or at such other place as the Landlord may notify the Tenant in writing from time to time. 5. Business Purposq. The Tenant may use the Premises for any lawful business purpose. 6. Notices. The address to which notice is to be sent to each party is as follows: Landlord: Hopkins Street Investment Company P,0. Box 609 Glenwood Springs, Colorado 81602 Tenant: Colorado Cable Company c/o Jerald Barnett P.O. Box 4357 Aspen, Colorado 81612 With Carbon Copy To: Herbert S. Klein, Esq. 201 North Mill Street, Suite 203 Aspen, Colorado 81611 7. Right of First Refusal. Landlord hereby grants to Tenant a right of first refusal to purchase the building in which the Leased Premises are located upon the same terms and conditions as are set forth in a bona fide offer to purchase from a third party. In the event Landlord shall receive a bona fide offer to purchase all or any portion of the building in which the Leased Premises are located and if Landlord accepts such offer, Landlord shall immediately notify Tenant Of said offer and provide Tenant with a true copy of said offer, Tenant shall have twenty (20) days from Tenant's receipt of said offer to elect to exercise its rights to purchase according to the same terms and conditions as contained in said offer to purchase. Tenant shall notify Landlord not later than the 2Oth day from Tenant's receipt of said offer to purchase of Tenant's election and shall close upon the same terms and conditions as set forth in said offer to purchase, provided that, in the event said offer to purchase has a closing date which, because of the twenty (20) days granted to Tenant hereunder is an impractical closing date for reasons such as, without limitation, meeting the terms of a financing contingency or assumption of financing provision of said offer, then, in such event, said closing shall be extended to a mutually convenient and reasonable date, but not later than ninety (90) days from the date of said closing as set forth in the offer to purchase. The parties agree that either this entire Lease or a memorandum of this Lease and/or right of first refusal, in recordable form, shall be placed of record in the real property repords of Pitkin County and the parties shall cooperate in its -19- JUL 3 '91 8:02 303 QuE O=00 .. f , execution. For purposes Of the notice provision referred to herein, Tenant shall be deemed to have received said notice on the third day after mailing a true copy of said offer to purchase to Tenant in the United States mails, postage prepaid, certified, return receipt requested, or, on the date that such notice and offer to purchase is personally delivered to the president of Tenant, and duly authorized and attested to by a certificate of personal delivery. Upon termination or expiration of this Lease, if the right of first refusal is not exercised, Tenant will record, forthwith. a release of this right of first refusal. 8. The parties agree that they will execute any further documents or instruments as necessary to carry out the intents and purposes of this Lease Agreement, all as provided for in the Lease Agreement and Exhibit A thereto. LANDLORD: TENANT: HOPKINS STREET INVESTMENT COLORADO CABLE COMPANY, a Colorado COMPANY, a Colorado General Corporation Partnership By: By: (Title) (Title) -20- JUL 3 '91 8:03 92 9 019 0 =,1 7 fi -. Cr --- RiÂ·gu~ -. ' ' r :1 11.= . 0 ..6 u,~,AA+MY-9434* 4 1.3. - rf ficâ€¢ i .4 - , it , 10 .. 1..ro , EMAM;L A CO'.1 D! 3 T . 1 1 1 :. 1- F .-la r. 1 . ARTICI.lis OF INCORPORA nON -- 543?iIi 8 21 C . , 0, (~01.01'AIM.) CAHLK COMPANY 40lul, At , A kl'/CLK 1. 1 .â€¢: 4*ZEÂ·, r t ~ 484.& . ' u '1 litkiÂ» l'he name of the rirporition ty, ('ulor,ick) ('H ble (:0,1,1,itioy. .,~~ P /'..... 41 ARTICLE It. 41 I'lf corporation 14 Ineorporntril purâ€¢Iluttil to tie I..., of the Mate of TE , Colorado. 44:ima . 1 1~ ARTICLE Ul. I I The period 01 41,britton of 11.Â· circpor,ltion shall be petretual. A 4' M.' t'Â· , ~ :t#:1: - 1'. 746 . r. AR rIC!.8 IV. r , ). r': .*iti* #0 - ' + tu The purp<Â»M for n met, lt,e corporation is or Knnized aild its pow,Â·r, are i.-1.11., Â· Â· : JN VE r I .3 1080..: 1 P.PIA .. .. . 1. To eng,lge in the trHIL,Hetton of all Inw{ 61 business and to purille all lawful purpoâ€¢el for *liten n eorporation Illay be Incorporated purmant to the ..0 1 4,14.4,-i f. I .,41 ; Â·t 4 .4Â¥.4 F . lawÂ» 01 ine btate of Color,1,10. 't, 4,#F"Â¥?ft, i : ; 0 411 .."01Â¥91 2. To have, enjoy al,d neretÂ·ie all of the rlints, powers, and privileges 4 conferred upon corporation, iti,Â·i,I,orated pursuant to the laws ot the Stale o[ 16/#37)*SU * t Coloraoo, wnether t,ow or nerentler in effect, and whether or not ervin *pecifte,Uy menltoned. 3.11 ' 4,,9 .1. A,Â· â€¢â€¢ t The foregotrg enuintrati.Ht of ourpoeles and power, 312" not liinil or F * re,triet in any Inann'- the tratwielion or other business, ine purtelt of other *.. rÂ·f purpogal, or the exec, .e of ottier â€¢,11 3 619Â·(INÂ·r righls and powern wt,1,Â·h inav now or 41#*20? l Â· 11.,reâ€¢f ler be permilleu or provided by low. 4 90003' , 4 ARTICLE V. 1 -il}~ 11 A ,~ Â£1 6. 1, 1. The total number of .11.re, 1,1111 the corporation stall nave authority 42#;9: ?i, Â·0 ' Â· I to igue is 50,000 shares wmen stwall coniM of one cla,1 only, deâ€¢40â„¢led "con,mon 3 444? 1~'~~ r- i#.ltert.9 Â· i Stock." Each of luen 51~res stiall rave a par value of $.10. m.11 01.Â· .1 t 1-COLYÂ«, 1 6- Â· '- 2. Trle corporation st=U have the right to impoâ€¢e restrictiorw; on the 4 taN c : . 9 transfer of all, or any part of, Ils Brw,res and may become a party to agreement, IÂ· r..'3Â·,1.3 1 '(/4 entered into by any of iL, sharenolder, restricting iransler or encumbrance 0! anâ€¢: of $ 4 I. 4....,1 . 1. lt, shirea or subjecting any o f Iti â€¢Inares to repurchale or res,de obligation*. .. COMPUTER UPPA TE COMPUTE 1. 1 .4, . , b. 7 H. ' . - , A B 2.103 14?: i j 27Â· Â·3 -LZCC,ibC -2 - - -9 d *,21 11, 7-1- 1= - '4 , flu ' - i h. 1 1 -: 1 01421,11.Epit 12%' f I Â· 1â€¢ 1 ziâ€¢' -7 ....t &Â· pere,U, ~ f i f' / 1 -10&1#J+1Â·:~<I.kK i. ?4192..tti Fl,te.% ' ARTICI,E VL I /*2,4.1 4,3 :, . '9/ ..3 1 1 1.1 Vâ‚¬ lili Shipe'lolden, 9811 , no pret,filptivâ€¢Â· right, to HtÂ·genre Ulttiâ€¢htled or 1.0-8 , mati:,~MrÂ·tre.u,7 'haren Of the cort,orM,lon. 4,Â· (â€¢uritte.1 ronvirlit,le 1 1,1 , 91.eli sluires (f enrry:14, 1 -Hill>* R a rigni to Nubierl.,e to or 1,â€žcluirtÂ· â€¢.tw,re,4, ,/r â€¢,tork .,!,11,)16'. .1 # .- '111 .t r,4 - -1 I.il IF â€¢ I Sk:KI , ./ 4,1,1-2 0 ' .1 A 1{01'1(: LE VII. 4.110 . t Â·*, i0 *i.4.475 ... ./ ...1 Â·664 91':Â·'.1 By the afrt.-mative vote or concurrence of the nolders of A niajority of 11' :''t. the outstanding Mhares of the ,Â·orpor,ition. cr 1,1, / elae ir derlits thereof, the ';403.1.. I 4.-â€¢ 128Â»0 ',' 81*rehottlen nlay take bily Hetion *f,IMI, but *cr 11,131 Artitltâ€¢, would re,luire the , 2 4 MN# 42{ftÂ·.- affirmall.. vote or confurrenee of lir holder, 01 twly-Intrâ€¢M â€ž1 the out>,landing ~i?: t'~1 ttf st.â€ž0 of the rorporatioll, ur ut t,ily elass or *er, 9 11â€¢ereor, under the c 'olorado r 0, 93, ri . Corporatbon Code, a.: 1 Itte,litict. .,>, 1-QI,~ 7%15'4Â·i Â·Â· 01.1 *ht / - 1 liF. ARTICLE V!11. .'1110 :*.DJ 1 - .,19.Turr ....1 . 9 I ..- 5, 5: - 6 1. 1 tz Lu,ine.0 oind Mflntry of ine cori,oration shall IM. Inanaged by M 45*~. board or director,1, â€¢,Het, 51â€¢111 14Â· eliÂ·etâ€¢ d al the annuM 1 Ineelir,; of the *,BreholoeÂ·ry ~~Mit j f.. or al a speetal Ineetilig called for 1 Iwt purpo,Â»e. 2. The inilill bonrd of directors driall cons,01 of thÂ¢Â· following meinber, .'44% a.44"; Â·Â·who shall serve until the !,ril Milliual Itieellrig 01 st,arenoldern n,wl until rit,1 4uereaor "*4!3 1 Â·Â· 1. elected and qi,allf led. J {11171 ' ! *Illia , 4%4&44 :pi ; 1)1~etor Ad(*es. 4 *ift?fÂ·''f Jerald ,.inell P. U.Box 4357 51+,- '11 1%4141Â·!~ ' 1280 Woody (:reek Road h.te=-- Ft ,\cpen, Color,ido 81511 11 0 . i 7 i: r 3. The number of clireetorâ€¢t tt,Hy be Increased or deerra,ed frorn time to f jf i'.t time in the manner provioed in the bylaw, 4,( th,t corporation, but no ueerease shall ~}Aff 1112* lk.iNVIR: 411 . i have the effect of st,ottenint; tne, tr.rin of nny Incuirt,ent director. ,.:, C ; I Zini - eash;361'7''-'' 4 . -21 . , ARTICLE IX. 31.6 42'44 Â· . ~r I,1 :1 . u ' Cumulatile voting shall nol be permitted tri the election of director,. : p Â·i. YA.*fitil 6 Â·:., . ., :491,12.: J 0 24& 1 iyaf 49'Dynt ' A RTICLE L ./An f,kiâ‚¬.~..'.A:.1.. '14.42 4 .'.4, r': 1 , 0 4 1 2:Â·r, . rt'â€¢Â·' '~l, 6 The corporation may frola tline to ttinp Al,tribute to it, frvr.holders, in , Â·Â·.*I 111*92,854 2 ' partial liquidation, (Alt of :Li stalâ€¢<1 elpital or 12,1 Â· surt,lus, a portion of its a.el, 2 -. 4 In eash or prooefty. 44.*jâ‚¬Â·Â·'0.Â· L '. 411 44.: - 4,/ 19, 4 4:2424;,4 - . t. .i. 4 8: 1 - Â·1 6 ' <TA / - 4141 '.i *9474;44'~ 67 :*'' +: 2'14 2-: Â·Â· *..3 -7Â·P , Â· t. 'tÂ· Â·Â· ' 1 -â€ž9*,~'z *9/1, f 'Ir-1 I I . *fit44 1 ./ â€ž1*74 1 4 1,%119.-1 1 :7 ',#'46, .,4.'11Â·Â·Â·p . ~ ic , ..4,1. 1 -1.-1...1. 91 . 4 'P#3-*:'/2 -ttlige!6Â·.1 }. I I '11: ': -1 .EK MIW,Â£ i Â· Â· - 411 74.Â· +96 4, , 1 ..'..1 .'Â·Â·'r &. 1 '41- '-...Â£.3*i3~4.-Â·Â· Iii:-y Â· 0 . 4.1 / or--4 Fii-ir. 1 51': t. tit, 1 ..42-n .-â€¢4AE' 44, I.Jr.& A ICI It ] 1.1Â·. XI. : e BM 0. 398 - ,.44*{41Â¥ 7 1< ; 'It*, 11118,11 ,Â·,Â·,it,t,Â·r,Â·.1 .,lit,Â·,Â· 01 11,â€¢Â· ,Â·,tri.,r,ilic,ti ,1.,11 1,tÂ· 10. 1 ). Itolt 4.167, Â·141 f.4 1200 Wootly l.-reel, lic,4.1, .% .vell. 4 Â·,Iâ€žr,â€ž10 MI 1,1 I *,11,1 1 twÂ· 1 1,11,41 r,Â·gr,1,Â·râ€¢Â·d "Krnt HI ~~~ SUQI #04}rete, limit 1% Jer:,1,111.,rt., tl. ~ 21:Â·Â· ; 1.,4 . 4 142 i -..ir,97 yiqu All'nCi.E XII. .3 -291 r- - Luff . ./ I .11 111 No contritel or 01 1,â€¢Â·r tr,Illy,M<'ll,41 1,1Â·1 wern 1 1.â€¢ {,crporallon Hivt <,ile or m 92. 5" ~ ' more of 1111 director, ar ullY ot 1,â€¢Â·r <N,ri,ort,l 1011, Iwirt 11,Â·r,Itip, r,int venture, ieektâ€¢ela- i,N 4...43 ', ; 342. 22,41; N t ,Â· lion. trusl or other ,Â·,Itilv in *111,Â·11 1),IC (>r Int,re of 11-, directors Mre dirretor, or ~'lir_ offleerâ€¢ or are 1,1 tilly .1,1,11â€¢r al,11,11%,Â·rial or flilticÂ·lary 1,<attions or ure flin,melfilly : 01 inlereited st,all be elliter vc,1,1 or vol,t,milÂ· w,1, 4 twenuÂ·.e of suen rplationsnip or' .4,1 L ?4'' - ' intureal or solely t.Â·ent,he â€¢iuel, (;11Â·4Â·(Â·lurâ€¢â€¢ tirr prezâ€¢Â·nt Mt the Ii,re,Ing (,f i :te Ix,ard (,1 . 73 . 2 i De Ctrectors or H eominittre der:Knal,Â·,1 ttier,Â·i,> 0,1,1 1, i.41'.11(.rt/.â‚¬.1, Iipprove,4 or rl,lifies - ,.C:'*i f. 9%11 contract or trHIrâ€¢netion t,r w)|cly txÂ·euuâ€¢te their votes ure counted for such 1Â£2 r l '1'. 7,4,10 , purpuse, 111 (u) the Itiet ol %11,Â·h re!:1110:1.mp or littere,l 1, diselo.-11 or Anown to t;,e Â· Â¥69 ' -li i ~ board of directors or eon,milter wl,let, aulnorizi., Mt,provew, or ratiflet the contract .2,1 Â·tÂ·Â· t : 4. G Or transactioll by a vote or corriettl Â·.uffleMerit tor trie purooNe without counting the :06 469 votes Or Consents of .&,en Irtler('rled cltrerlori; or (12) ilte f bet of 51,ch relationship or ,44 . intere.l ts dise!00,ed or known lc, 1 1,43 Ntutreholders enlilled lo vole, and.the holdern of 7 44â€¢' - H majoilt>* of tne st*irt,s entitled to vote auttorize, tipprove, or rattly Nuen contract 257.; %'' M, tran:lactioll by vote or writlâ€¢,1 consent; or (13) the contr,Ict or tranbaetion i, fair 10 44 Â· , und rea.unable to 11.3 corporation; <,r (4) Inc biw, of the State of Colorack, m effect 4 4 94.'--,Â· trotn lime lo little olnerwi,e provloe tlwit trie contrHet or transecti )n shaU not be r.1,~ 31, I 'L- 1 x void or voidable beeHu,â€¢e of luell relutics,ship. c oiliti,on or interested directon may 1* D plit.~1Â¢.49 0.- be counted in determining 11*Â· preftÂ·licÂ·,Â· 01 i, quorum al H Ineettilk 00 11â€¢â€¢ t,onrd of :':tzt(fr;,ui directors or B eumntillee t hereof *ttic,h AN,(Kirili.,4, approveâ€¢â€¢, ,( rtillfic, Muen Rt*:~90-2 . i contract or trarnaction. fit }id#4244 Â·, Â®i f.. 1 HT]CLE X111. - '41 Â·4,1 12 5 Ut ie@*Of#Ri:,> 1. To the fullell extent spectfwally per,mited or provided by the -:P tlfl;Wilst)242'~ . t Colorado Corporalign Cooe, as amended from time to time, the eorpor,ittun ghail 311| fi r, 5.. -â€¢ .,t_:Dipl',.:Â· . ~ indetnnify any perlon u,iatrrit all 11Hbility H,10 expetr.e Ir,eurred .t,y reason of the fact 3 tnet 1,0 w or was M diÂ·eclor or offleer 0, trâ€¢, corpor,Ition or, wn,1. serving a, a Â·1~i (lirietor or officer of the corpornlion, 1,3 8 or w,u scrving at the requeÂ·,1 of the 1 .41 corporation u a direel,r, officer, partner, or triD,lee of. or In ally flit.,lar litanager,al iii fiduciary position of, or as all eft,ployee or HMent of, aft<,lher eorporntwn, ,/ 1,3 ' 134'6 Â· purlnerihip, joint venture, tru,41, FirÂ·.~>eution or other entity. In Nddilion to ine "#1Â¢t 3Â¥f'Rf-At?:*~f.#.L.Â· 1,4 foregoing obligation of Ir,(le,lifilfication, at}d with a view to giving Irr per,on,1 ~fl'Â·1 4**ut. coverec by these provulor,N the Ireaoest pcmible Indeninity, the rorporation 32.111 11180 indemnify persorn #4 provided m the succeeding parn,rraprâ€¢ c' this Article ,< 111. 11 I''55. 9 1, 1 -1.51Â· tL4 I .9 ~'14225; t. ilt , 'Fl 2. The corporation shall hwle,antfy any penon who was or H a party or i. ; ?Fifil':4:-. - 9 threatened to be made a party lo any threntened, per,jing, or completed aetton, .:4Â·212)JLL' mult or proceeding, whether civil, criminal, adminutrative, or investigative (otner 1 Â· 'j than an action by or in the right of Ine corporation). by reason of tne fact that ne is 15/ .//7:'./ T . .1 -Â·. 4 434:.- or was a dtrector or offlcer of the corporation or, while â€¢rrving al a director or 0[ficar of the corporation, he M or wal,erving al the reque,t 01 the corporation as a . t 0 .tNt.5'9: : director, otfiele, partner. or trlt,tee 0(. or In 1,19 9,11,11 .r iliM,inKertil or fiduciary _- fÂ¢i' . #,3- . :,15151 I . 1 ./ L 1 , c: M~~. . 1 1.,b -1 - -- '. 4. '' 14'Trl.It : A> - ~43-.1 t :K/94.f-Â£1 41,11. 3 i ..' ,]i-41#41*'*eâ€¢' Â·'fi UNÂ· 14Â· .Â· ,-4.4:4'~KihÂ·:, ;f;., >-. 1.Al:(10 1.. f 01â‚¬4. 1 -7 ' f 'If[ 4,5 ' 1- 1 *elw:' 1'.. 1 e. Al, 1.. . : - ' 'Ill. 1 7 t . 44!t. r . 7 2-1,. S.i ..~ 1 ~ 1 ,~~1,~ ~i' 1â€¢All,oâ€ž of''Or a. mi ,Â·,iii,1â€ž00Â·.Â· .ir #4;, 111 1,1, "11,111,0Â·r ..,ri.,r,Ill{HI. I.,t-ttl,Â·rÂ·â€¢1,11), j,)11,l AL.iht' VI'lliUrty. trtmt, 111%04'Intl,H, Ir }t;,if ,Â·fility, MEN,11,1 1Â·kl,1Â·1,4,9 41!1,â€¢11,41114; Htlort,ey,4 , - 4314-'~f'fd.Si,4.jujl{111*nli, 111,th, miÂ·I â€ž11,â€ž,11,1. 1â€¢,1,1 11, h,Â·libÂ·,It,Â·lit Â·wituilly mid r,Â·,14â€ž,1,*i,ly drie ;7 'IN,urred by nin, 1,1 ral,t,eÂ·clt, 1, .Ill, Â·.â€ž,Â·1, â€želiâ€žâ€ž. Â·.mt. â€žr pri,tÂ·,Â·,Â·,1,11)4 11 1.Â· 1,tÂ·ted m + Â£ 11'frE; 931. t guod 10111) Hnd 1,1 10 it,Hlitter tâ€žÂ· r ,Â·â€ž#â€ž1141,1 y IMÂ·Il ,Â·v,Â·,1 1,) Iâ€¢Â· 111 4,1- 1,01 4,11puÂ·ted to I twÂ· 1,4,!41 ' 2,1 %*3,Â«,t< Intereati, of 1% curt,oraticM, Aâ€ž,1, wt 1 1, re~,ret 1.1 nity criatinHI ,â€¢elion or proce,4111,K, 'i J 644'-?2 1â€¢d na ren,olmt,le caÂ·,#Â· Ic, 1,ell,Â·ve 11â€ž (N,naticÂ·l .11.4 01114.1,11. If.â€¢ terit, 1,1,11101, 01 any 0 4 3*ii K .CU014 huts. or i,r,wertit,4( 1,4. Ii'.4(11, 1,nt . or, 1,Â·r, N,Â·ttlc'llitÂ·Ilt, 4,r ,Â·c, 1 vlet t,HI ,)r upon *1 , 44<E pici 01 1,010 Conten,;cre or lt, c<,ulvet,elit *I.,It Iwn Of Awll ,Â·reate n preâ€¢mitiption thal , .0 Â¥7 I -' .f?~Â·F th) per,WIMd nol nel 11, Amâ€¢t IMIth 1,11,1 11, H lt.,1111:er 0,1,11Â·11 1â€¢â€¢ râ€¢Â·,1~,0n41,1y t,tÂ·lieved l.) -1 flifid ~.,i. De an Or 1,01 opp<ned ti, 1 1,â€¢' 1*11 1 litâ€ž,Â·tÂ·01. 0 1 1 Ii,Â· l,irporl,t ion Ill Id, .v I t,; rlÂ·,IMÂ·e 1 10 Ht,v ..iIi * AN+4,4 eruilinal Hatton OÂ· proe,Â·ell)11,(, lutd rf'1141,1,1,1,1,1 9,the 1,1 1,1.'lleve 111,11 1+17â€¢ rt,1,411:el Wi, :RIO *7411.4 unlawful. , Â· 4 A r. S: '4 .uy 1 1 . 1, 1, 1% . 3. 'I t., rurpur:,1 1,MI #twill Iticirt litill ~ *illy tiÂ·rÂ·,on w 1,0 94,19 or 1Â·Â· 1, plerty (>r ~~1 ' 1 741 Â·4 o 2Â»j tul. threltened to te Immr n Imrly to im . I tirintrticÂ·,1, perxjifig, or rumpl ,Â·ted Action or : 6 4, Â¢191,4 ~ Dult by or m the r'%111 1,1 1 IN. eurport,li ,,1, 10 1,roe,irtÂ· i, p.1,(Inent 1,1 Its I Hvor by reason ~.Tt ,Â·<r Of the teel {tuot 1,1 t, or wa i ,]ir,Â·01,9 â€žr oilleer 01 trâ€¢, ecrpor,itic# or, while servin,i 4. am I director or 01[wer ul tlwÂ· tÂ·or;,ort,han. he ts or vots *ervt!4{ 0.l liz rtÂ·quest of the :4'' 1 ~*~p ecrporation as a d,reetur, uffuÂ·tr, partiwr, or truil,Â·e <,1, i..r m Hny 91,1,11*lr Ii),I,w,Kerial t# A'. Â¢1*~i pirtneninip, joint veÂ·,ture, tru,1, 8840<nation or 01 11"r entity itgarnÂ·,l expen,es :P'Nd:,Ii tihailg|111,1 attorney, fee.) i,eluftlly fltic, r,Â·,1,011*1,ly 11,eurred 1,y him In connection with .philthe'.delten,e or Belt!,1,1,Â·nt (,1 .tiet, Metion or Mint :f he meted m good faill, and In a X :1' th#*11(munner he reaâ€¢onatil, tâ€¢Â·Ileve,1 to 1% 11, c,r not oppoe.ed 10 11% best ir,terest, of the Â«44~1 Corpor.tion; but no .urt, 113,1,Â·litrillicÂ·ation Â·, lial! 1,4Â· lit,Ide m respect of any elarn, tgue, 1, I f' 4. 1 4 AttrtÂ·.1. i Or matter Aa to wmen st,el, 1*Â·non Iâ€¢,+ been H, Ipx]KI'll le btâ€¢ liable for negligence or 4/Â·trb Nt'.t.~.%. 984: ,; i Pi'in:,conduct in the I,er f.,ritiotner â€ž1 1,19 *taity to ltâ€¢Â· corpor,ttion ttriles,4 Hnd then only to MiÂ¢11!01 Ot ' the extent thal, tne court Itt .Illell ,IllÂ·t, H:110:, Ur *Ull â€¢HM brought deter,nine,â€¢ 1,pon ~~*2:2! al,Pileat,011 1 twt, despilâ€¢.3 IN, Mit jild".Htlivt f,1 11,11,1111Â¥, bul In view of all earcum- reâ€¢b;,54'..1 . i Btanee, of the ease, #urn perÂ·1011 14 1 91rly kinrl riÂ·M,011,11,1, entitled to InclemnificÂ·atlon 40*gb#CiC, Â·p' for *uen expenses wnieti â€¢uen eouri a,Â·,Â·iii, proper. *14 4. feif+1* flf-/ 1.:,,, 4. To ttle extrlil l fwit M iNÂ·rv,n iÂ·,itillâ€¢.1 to liwle,nnity under paragraph 2 Oid...; 41#4149:tr â€¢ ' or J of this Art tele *111 118, acen,tieer,Â·.ful on the iner,1.4 in c}ele,Ne of any action, 14/0 4975' 1,9141'it.V i â€¢lut, ur proeeetting rtlerred lu '11 pe,r,t,rHpll 2 or J 01 tms Article kill or In defense of 1 *ME*, ..06*#p,QiÂ·; 4, ' , any claim, u,Sue, or 11,Htter I lier,â€¢In, ,Â·e .hall be 111,14Â· 1,nified ng,11,1â€¢tt ekpense, (inelud- 8,4*,.AL 1 t' ~ ' Ing attorneym' fees) Het,1,1 Ily lt,~1 r,Â·e,Mufult,ly Inetirred ty> him In connection trwÂ·rewith. ),la, '62,113 '*10*19'.Z .~; !~ J.. 5. Any tricle,1,1,1114Â·ati,â€¢, under PAragrpili, 2 or 3 of Ints Article \111 , bill, . lunllss ordered by a er,urt ),1.kil; .AÂ· 11,4,1., t,y ll,e eorporallon only 84 .Ultâ€¢,rlzed In the 10&9 ~kfil f;-': : speÂ¢:fle case upon H detern,Imtion that Indemmfiration of 11*. per#on 9,â€¢eking 41*4*:'Â·; ' t indemnification 11 proper In NuÂ· elrrulnstance, tre,â€¢11,4, he lau met tne nppileable 0. 1 *Â®fli 1 11 1.. 1 '.44 ; :taudurd of conduct vel loptn m â€¢ald paragraph 2 or .1. huch detert,litialion shall be - all :.,Â· ~~i 2 macle by trâ€¢, board of directors n, 4 il,H}ority vote of h (Bloruin con,1411,4: of directori 47 <:4'90' t,~ 1 1 Who were not purties W Hurn Action, suit, or procerd,14{, or, if fiwit n quorum Is not ft#Â·iÂ·.,U . 4_' !1,- 4 obtainable or even :1 obtainable a quorum of .11<Interesten directors w direcul, by i. Et 2: 2..If. f i-l: C;:. !, , independenl legal eoumel in H wriltrn opinion, or bÂ¥ the,harehol,lerl. ..liu= 0 1 AE.:r-'Â· 1Â·r '14 ~. -2 lÂ¥;r, f ..,Â· 4, ' O d. Expen,e, (tix,luditzf ettortleyâ€¢.1 fre.) Incurred in nefencling a civil or . Ur Â· WimicL:i.,..: ; criminal Netten, sult, or proeer,!Ing only tr pald hy the corporation In advance of the 4 final distaition of suen Metion, vvit, â€žr prt,eetÂ·<11,4( 84 authortzect in pirngraph S of 'IA :I- /. ... , 1,11* Article X111 upon rerell,l of 2,r, of, 1,Â·rtâ€¢ki,4, 1,4' or IM, belullf of the perron ,eeking , F. 1 1Â·, 1 .' $ C 11 , F flf'HAL.R 'I' 4 ' 3/4 r.l?,1. . 11 ~r 1' Â· -9 ' 2 49 1 ew /1. 1 9.1 1 7-5 '11. 4 ~ 1 1 lilli '41 I I .. W. :4 46'%-; -I r -'./.41~.~**7 rk/'3<:IP'.4. /41$ ,. LA , i .~..V Â£ ' .'EM#Â·t t.f . r... 0.9,?Nt EN ..: t,34-1 ~11.1Â·710Mvieâ€ž 4~13 7. '*:7-, Â¢14 ' *,944Â£45-f f,.1 --n im Ing Al 71#14.444*Nf{ #.. . !. , 1 , F.: ) 14.941 f ...11 1 7, :'.r.,thetjaglv,nee 'o repâ€¢ty Â·,tAÂ·lt ,1,1,(,111,1 .ull,"â€¢. 11 1. Illtlll,1,1.Â·ly 11â€¢Â·10Â·rm,INâ€¢,1 tlw,1 1,(Â· Is 481-EL entitied to be ilidet,11,11 1,11 by Itâ€¢â€¢ Jor" It.'1111,11 '16:1'111'1 411'.11 4.4.114,â€¢â€¢â€¢ purâ€¢mH,lt to 1111% Â· 29'6:'Articia Aill. '934/:fi 1 :-Â·t. r GlÂ·. % 1'Â· 7. TIâ€¢â€¢ i litâ€¢,Ii,nitte,0 1 1 (M, i,râ€žvt,kÂ·, I I,y tntâ€¢ ArticÂ·le f Ill Â·,twill Ii,l he ' ed exclujuve of Ittly â€¢,1 tier riKIi l., to â€¢, 1,14Â·1, 1 twpâ€¢e 1 11(14â€¢111 111(1 4,0 1,1,ty IM' entitled 5:,il lit'|tiGer-thelle article, 01 IneÂ«,rpornt I,Ht, inly 1,714â€¢, agr,Â·(Â·111,Â·nt, voteÂ· of ,1.IrtÂ·IM,1,14Â·,4 (r di{04::,de.intereatect ,lireeturt, ir r,t 1,â€¢Â·r-.4Â·, ,11,41 ,inv pri,IÂ·â€¢Â·,11,reÂ· prov:,11â€¢,1 fi,r by Hny â€žf tiE 424,1jfore,,01,W, An HÂ» to Hetion 111 111, offl<'1,01 0.11-,Â·Ity Hnd HY 10 Hetion m 1,1,â€žther lit 4 ..1 i I . 2.37 ;Capicity while holdtlig surt, 0111,Â·e, Mit #twil ,Â·ot,lititwÂ· 4, 10 4 per,â€¢(,1, wlit, 1â€¢1% eâ€¢Â·,14â€¢:d ':al 041.1, il ..law 14{4110 be in ttle P<.st,on wit,(41 t.fltilled hilit to â€¢,1,Â·n i i..â€¢Â·int,lf 1(Â·Ht 1011 "11,1 91.111 Inurâ€¢, lo the 1-,7 , 4; , 1... A 11,Â·,9 :ben.fil:of ncin, exeeutort, 0, I.1 11,10,111, *tratori of t 11(Â·11 H per,1011. 1 IN. provi %11,1,31 01 01' ' i406-Â©int~'Article XIII Â·*twill not t,e chÂ·,Â·iti,Â·,1 11, 1,reâ€žlix!â€¢Â· tri. ,Â·â€žrporn 1108 frf,11: 1114â€¢,11,rufy inK ~, 4 ' 44~itiolnIr person,1 from 3,11,1 11,tr 01Â· 01 Iiâ€¢r (Â·*pen.,tâ€¢, H,1,1 11~I,01 1 14.4 11.4 l IN! 1,4,#tr{1 01 {111 t,(,tor,4 1,~11 I , . .1; 49Â·~~,-~ 'or thu .Mrelloiders fliny deterit, 1 11*, 111 1, 4&,â€¢Â·,Â·'' ,Â· 1 14.tintÂ·,Â· or by re,ultillon of Ke,wral 4*wi .lipplication. .~W 31@:er V i.1'.1 1 B. I'lte eorwration ilt,sy t,urettit,i: 411,1 11 taint,tftl imurn'bÂ·,Â· oil t,el,Hif â€ž1 0:4*,bially person who ts or w,14 H cltreetor, 0.'theer, entplo/er, fl.luelary ,< ,tRent of the Â¢j # mepor.tion or wr,0 1, or waw verving tit Ilic reque.t o Ine el,rooretion h, i, director, , -, %14 1 ... 4.1(EN ' Â·1{&,~ *officer, parlner, or tru,tre, or m mtv >;lilill,tr Itintinge.1111 or !,duelary i,c .ition, or as rp@:-r.an employee or 24{ent , 01 Allot 1,4,r eurpot allop Valner,Inip, j,),nt ventur,t, trust, .. 48,9.Firl-ocratton of other entity, or Miy ottâ€žr I,erÂ·,041 *,Rate,t egly Ijabiltly a.Â·i,irt,Â·d agult;Al 'F~lf .lum and Ineurred by nim m Htly 4,*Â·1, cÂ·â€žpiseity c.r HÂ·1,1 4( oul of lits .1 51 â€¢14 11% *uen, Â· zIL~pwhelher or not ne woum be entltlen to Ii,1,Â·ilinifir,1114,1, linder the pro'/i,â€¢10!M of thiâ€¢ .3 J#:4,44 ;Article XIII. .~MIÂ·t j .Â·. â‚¬ 4Jlyk'/4, Â· , ARTIC:LE XIV. 4'' -r ' .6,4 64,4:*4.-:47 , .- 0 1- he natne Hiwl HddreÂ·el of the Lict,rporator, who ts H nalural pe.,on of the Â¥4 * 41** {AA. 1, age of elinteen year, or HKE,3, A: 4* .14~47*<2#~45 :4Â·1 4.l * j: ilinterinan 21,114 , Â·Mor,mo Nwt,â‚¬,1,Hi lluilding 950 17,1,Street I. 1 0*?ft T/*tu' ., .1 I )el,ver, c 'olorado HI)2(}2 191â€¢.Â· th-<fjtfÂ·ra .. 1,1~ .ilÂ¥,1 41%01 i., L Execulet] 1 Ins .4 | t day of (Jetober, 1983. 2- : *P. ,-'t'tfk- /6 ;" 1 1 '43*.*044'*4; 1 ' i 1 h,1 : i~ , c ' Cd â‚¬ l' ~ ' 4 , '1 , L L ) / - 1.,1. Mat#y { '1. i ~ jil ./2 . 4'J"j ~~.M~~~9~L t.,,... f . , . 0 &Â·il '1{1- "PI,â‚¬2.t- Q.~.L... 1 â€¢ 1.;1'-..07,7/:;11 ' . - .1 ('.,41 _ 2 4 'it,~dr.'.1, ..9 41/ 4 96 11 , 151 2 1 - 1 i#F-I - 1 . 1 . . -1 1 -41 6 1 1 0 -,2 1 7*be'*1.,ij.u? i:Â¢12.- Â· . e..c.i f -'1 f /# 'Fr,Â£2it, ./Â· O i Â· .!l 4 1,1!'.13'.1-7 T,;r ./ 't a< :t-#etie,41*11111:.l; 9 ''Â·/U *A t .T. t]/1 r X"Mft .:.i: U 4 I jfti , 4 ..re T 1 ' ''FL, ' 4440/brA'It OF Ful.UNAM) ) Ab~ #7 6.Clt'Y AND , ..4. ':-44 *tt# .:i,il;UUN'1'1 OF Ubl,VIÂ·.11 ) - ; 30*i:- 1~.:.. it). b 02.tiff :a , . 1.4 1.C . 4-43/ I': J'l I. , , n ty,tnry putille, bere,uy errt,i y 18Â·.7. Ff, thal on tne .'='(UÂ¥-,57-iiiÂ·Thi;er,-16-5.ii-,467144 11'Hlly 'Ippe,tred belâ€žre ille ,vt Hrgery *t 1 pilii: 1 Ilinter,1,814. wt,0, tw.1,49 1,9 1110. firâ€¢,l â€¢11,ly ..4â€žrn, iwÂ·,Â·1,0rrd t Iwit 41,â‚¬, 11 1 twâ€¢ 1â€žâ€¢rvot, who ,;-Â· 34:not} ttle foregoit,K (11)('uittent Â·i, IticÂ·(,rporial Ir, ,11,41 ttial ttâ€¢Â· 0ti,t,Â·tiwnly contained theri,n are true. '11/I *W , Â£- . Â·.94 , , 51; /, In witne:44 wl:.Â·frot, 1 IwiveÂ· ,â€¢Â·rt'tittli, ,(Â·t .tly Il,Ind 1111(1 04,#11 1111Â·j ._ - day 42 1 Jt>t.,i f A- 994: c 'of October, 1 90 3. - 41.-2 6 .'~., --01. . 311 42 ,.ty cut'11111"lon "ribirtÂ·': ...1,4 % : ----0-- 41 Â¥ 1 1.Ty ZI-m-. 11~47711plle,JI*22r 1917 2 . 4 y ad,triÂ·.4 10: 99.. 171 , 31.. SuiW .10 --<.i- .,4, . 4Â·4:-4- fer.,4 :70{5',; Â· M: ' '4:z,/ p- I , . r : I'tr: 4 : : i 'Â·,Aae.-3 fliE- ...6 Notary Pi,1,1 te 94,Â·72"21 1. 444:t?:-'. i 31$'. iUM 90$11 63: ~ 1:.....f . r. E. U . 1 I . i..':Imt f"i,41 Â·p. 8 1V; r. ... , i :1:,-444 Â·044. idÂ·"' i flhal 1 1.,; IiI feN 'fi! 0 , 9 f ki 'l .... ~ - Â· it . 42,1 +Â·. I '* . 4 -< 1 4?Q Z -. Â¢ ~ 4 tit u Â·Â·. 6,1 r "fiJ . 1./' 1 'r 4 Â· i . .b.,Jk..2 :. 41184: . fil~ LB, 1... Â·lf;4 . 39,.' Â·LI~ , *r '11 Â· Â· , ,. 1 /34Â· 1,/.'. . 44.t Â·,~ VAÂ»,ut . 'It':M:401 t ,/ 76'1. 1 84 4 31 :r,ttlt.t *.,1. 3 , 11 4 1,1'A.'~11 1 : 1 .> b 4 [W.':4191.... 211% R,2 I. F 34: *#M&,7.. : 1, i '419*2:/4: 1 Â©Ok i 112,44*1 -y ''1 512'-Â· -,t! * 4-5 t:,....i.:.'1 4 h.9 6 -v-â€¢ â€¢. Â· . =20.1,1 a.t., I F., 1 t 111, :,7.-41Â·i'.1Â·-r':1 '1 1" t, ' .1141,~*111 ~~~~ ~ m - I k..1, 1. â‚¬ Â· 1* 1%-, A ..'* , ,-/ 111. t.- Â· ' 0 Â·Â· 91Â£62#itivkd !01*, .)9 . 0 44 4 '414â€¢NkÂ·:5*AffeÂ·24 *: 1... C r ; nt#kiN 51Â¢N1*r w. :;rmil. : 9 I j. =9 , . .. ..12:,111*t .4 1.-7 /41Â·: ' 0 VAII. IC): . Et, .... f.,râ€¢,111,#u-,mlÂ¥ COLORAIN) tic RE TARY ,)1Â· 0TAN .5/., 14 114'#EX,:14:t p '- ;r .-': 1 111 : 1 .t Â¥ .4 /1,41,â€¢ ' CORPORAIIONS 01 1-1(1 1 1,1 940 Â· FI 1 T -, ' Â·' ~ ~ D ~ - 3 ' 31:1 2 UND Hro.,dw.%, hutte 200 OD'R!.9- 4, 4 011 '-' .1 1)enver, C .,1,â€¢â€¢do M"2(~2 1*141,1.,..4.,4 & L 1 *glf.?1 0'3. (.4)1 1 <94 2231 1 e.14:; ' f,.1 STATE ME %'T Â¢ 11- ( l I A 14,1Â· 4 11Â·' 111~:(, I NTF I{ El ) f IFFICE WUM,4,Â·râ€žrE:t lilli{1Â·(11*111(11) U,IÂ·.NI.()11 11( )1.11 ~ . 1, i iâ€¢ ui *U.:. I Â· , 7- 5 -IM-~rf-Â·Â· vitilift-Q pteiMr:f..1!t..l? i ...~ i f)P - X715434 1, - t;*lfUlanfmÂ·,hirm,Â·1â€¢mn, ,â€¢ th,Â· Col, i,ade, C â€¢,11, Â·1,111, In 4 , â€¢le. th.Â· C ,,1, â€ž ,:,1,, N, ,0,1,<01,1 C,,rp,wal,in Ad ,ind Ihe 2.!-1 ''l:1~Â¥'!%â€¢1, Undorm I.,mled 1'1111,unhir A. 1.,1 1 96 1 I 'll' Illk|cr,I,tne,| l.,1 1â€¢ 11,1|14|114 limiled li.ulne, *hir ,â€¢fii,nued 11Â¢ r f -2 , 1.1111,dikihe low.,4 ~Col.ORADO . ti461*n/â€¢ th* 1016â€¢wing Iiatemen{ 10, I he 1111,1,1,04Â· â€¢It . 11.,rh'Ing 11 4 I ell.Ic 11Â·,1 .,111, e 4, 11 0 rer,#tered 41,!ent, â€¢,1 hâ€¢41'1, m the 6. 6. 6 446/8.01 t.,dâ€¢wadâ€¢, Â·044 1, 4- ' . <te: 19â„¢: The nime â€¢,1 (he enrrâ€¢w.,1 Ii,n .4 1,mlle.11,1,1,1,Â· f .hip 1% -21 1 4 4 6 4.4,3 r L , , i -LM. *dolbrada..Cabla..Company 1 + t. 4 1 ''.' 09<J#.26rondÂ· thriddreâ€¢. 01 't, ICE{ils'11<111:1)(IFFICIÂ·:ir 520 1Â·:. Cooper St. u 99" y TEÂ· s 'r? 1" i 'Â·~ c ' ' . Alpen, CO 81611 314 1 444 i : 1, , .. .,1% 19,5(rhliÂ·d- The nam.olit. 1{ ':( 1 1%71Â·:I{ 1.: 1) .1 <, 1~Â· rÂ·IÂ·,* 1.acy IÂ·yr wald ..,--I :4.: .t..2 '. %1 - .4 Elv! ikfi < '' '/,1 .... , 9472., 1 h aNÂ· d , . 411?141â€¢1. will 'â€¢Â· Identical. 4 3:3}1'01!th: '11- .:i,Irm, fll,t< 1,1,1crâ€ž11,11~,n,Â·4â€¢ m('1,1.,ritdâ€ž t, r'. (: 1.. Cont)â€žr St: Aspen, CO 81611:Ir FF . Flm t.': 2 - 51 14 11 , 1 , 1 1.41 color,40 Cable Company (Note 11 - fÂ·Â· 4 7 T IPX ~ '*34}H.. r , 'fi :Â· salf p., #A .1 " 1 Â·0â‚¬24'4.'ltv (.0 - 'nte 21 Â·02.~ U. 1, 4?ki'/,,â€¢j,- Â· ft 1." /149 m IMâ€¢o-Alf' PtoAU â€¢080 Cal/~Ul,â€¢â€¢ 11, - 1Â· fr.â€¢drn, fpÂ»IN!Â·A L' . trll.y .! 9 1 - : . - , 1.~ 1' râ€¢rft~/1 11Â· fr"nifird .FI'* ON,4 11 i ~: ~~3 11% . grn,1.1 lianni, Mt 0 0.0 . 1 0-1611 7 :; r: 4:F -4,4- i~Â·Â·114. .P . "32 f" :NIÂ¥Â¢OUN n'{)1: 1 . 1, 1._, , d 1 44; 41; R E At . 10 lt, Â· f{?ir:Â·fj, Sul,#enhâ€¢dand â€¢worn ti, 1-Inrr mr thly d.v of 1< 1 *'I~~~~- My fomm!**inâ€¢ iwpir,1 2 9 f' 1,9./0, câ€¢ne*.....NÂ· ; 1 A ck 4-AN; .-'42 13~1 b . ::**9~.4*44 ..1 ---- --- Nid.,v l'uhIN IN,x. 4, {4174., 4il,; ...- ~ ft A ..4:Â·Â·Â·1*IX-' :. -/ I .2.f|..1.-1 + '.1.M;L ...l._lf, 1116/1.11 4 ir,PrP 1' â€¢ ' :'13Â«3 ~-,0 ~: , ip. r A,1.1.... itÂ·'5'4'40. 6.1.:al.Â·Â· N.- 1 , 'Al ...0 0 '.......... 11.â€ž1.1 B.Ill... -lli- 1.. .1-II. P.Tj; 4 -1 L '1:i . itÂ¢F. , 1.4: 1 /4//'04 /41 '044./0-- th.. /'00,~00- /4, I //*d-1 M IN ........1 .......... .4...... 0-1, 0 ......4 -6.... .f 1,15% / 4 0,:â€¢,99:.f, i,(f ./.,Â¥ f.+IBr -'â€¢1 h, ....11. â€¢. â€¢, Â· Â¢ 4 - lie ,- L :. 7i COLORADO CORPORATE REPORT For C'Li â€¢ I,0 0.,V YEAR OF 1985 020543411 ,PLEASE TYPE OA PRINT CLEARLY â€¢â€¢ #ILING DEADLINE IS MAY IST â€¢â€¢ :1* N.. 4 ~ Ent- Co'Po'810 Nome, Mlgloleâ€¢od Agent & Alglnefed OHIC, 01 1 i.,Â· :(:188 COLORADO CABLE COMPANY i Jerold Barnett NOTICE TO ADOMESSEE: .. 1200 Woody Creek Rd. P. 0. Box 4367 Aspen, CO 81611 1985 Report.Â©.$18.00- . -- 0 Add $25.00 ff filing after May 1, 1985 IMPORTANT: PI EASE READ INSTRUCTIONS ON REVERSE SIDE DO NOT CHANGE OR ALTEA PREPPINTED INFORMATION Colorado 01 *tal, Of Countr, Ct Incof,0,0/n: 1280 Woody Creek Rd. Aspen, CO 81611 ~ Principal 1,1- 04 buslne,0 0, omol In COM,f,do: (str- Aderles. City. ZIP COOâ€¢) ~ If tneorporatid owtold, 8110 of Colorado, glve compt,1, addrll Of prl<.clpal off.Ce In itat* 0, country of inco,#ofition [I] Ch..cl- 01 buotr-8 0, .Mair. conducted In Colofâ€¢,18Â· Cable TV ALL BUSINESS OR PROFIT CORPORATIONS MUST COMPLETE THIS SECTION Hiedâ€¢nol (C). (01. ind (13 M UNI Idlon mua bo 0021*,Ailid Liow#g -7, 04 thil ,- r-clng, . I . Â· I Â·Â· - . Um..4//1, Ir#"R/0ly./1 (A) CIm (81 &29*1 (C) PIF VIIA_Othlf (c)) MckE-68Mt!Zil (E) Numb,duued Common $.10 a share 50,000 10.000 1'7' 6- ~ ~ NAMES AND ADDRESSES of OFFICERS: Colorado corporattons must 1181 01 1*ast two, tho offtÂ©le of Pmeldom Ind Secrltary cannot bl held by tho Bame Individual. tilmi Addâ€¢Ii. CIty. St,tâ€¢. ZI=ed, Pr"/ 6,nt: Jerald Barnett P.O. Box 4357 Aspen, CO 81611 VtÂ»Pres,dint P.O. Box 4357 Aspen, CO 81611 Lacy Barnett Treâ€¢Iuir. P.O. Box 4357 Aspen, CO 81611 Lacy Barnett ~ NAME: AND ADDRESSES 01 DIRECTORS: ((011,40 hollf Corpof,tions mull 1111 It Illit the-. exÂ©em thal theri n-d bl only al many dlreclon 8, therl arl *ha.holdlro In th. 9 Dre hold of re,ofa by flwi, than tr,1 *har,holder,; CLIorach Non,>follt Cof porit,unl mull 11,1 81 Illl one.) N. Ine Add-â€¢. City. Stale. Zip Code 01 .Clor. Jerald Barnett (only shareholder) P.O. Box 4357 Aspen, CO 81611 DIreclof. DIrictor. ~ THE FOLLOWâ„¢ O DECLARATION MUST BE SIGNED BY AN AUTHOMIZED OFFICER (Proetoent. Oc,-Prolioln,. Sic,mar, cf *80:mant o, 1 -I-.4. Und. p.nattle, pâ€žocilbod In THI, 7. C~ 8.Thp. I doclate that thle ,;p~ hu Mon â€¢Nimmid by mo â€¢nd lo iho bill ol my knowl,dge Ind Dill, le 1,ve, ooffict ind oompiti.\ DATE -1-2-1/11 >Ce<.2777- TITLF President ' (Signatur,) TO DETERMINE FILING /11 Â§11 INSTRUCTIONS *end ONE copy 01 thl, Report Ilth payment,o DEPARTMENT OF STATE, CORPORATE REPORT SECTION /0 BOX -1, DENVER. CO 00217-5861 Loval D:er & rost,v, Lti 71Â·0491210 p. o. rox 3:2 U Form al (-v 1085) Ut:. Eock, Afting: 72:03 fF ' 'Ft-1'41 - .2 4% ' I ~~ ~ 'f#'54161 - COLORADO CORPORATE REPORT F. 0.- U..O.4 YEAR OF 1I7 0,054341, Â·. 5Â¥:VT,i ' ,~i, ..~kn,SAW PLEASE TYht CR MINT CLEARLY â€¢â€¢/ILING DEADLINE 1 MAY liT â€¢. MAY 110 ;11. 12.:flf.384,3.. COLORADO CABLE COMPANY NCT;CE TO ADDRES *:26607 - ..1 M..7. Jerald Barnett tat 1200 Woody Creek Rd. - 1 W P.â€¢'Â· Â·Â·I: '.5 1 P.O. Box 4337 il:%~4':4A~d Aâ€¢pen. CO 81611 1987 Roport .... $18.00 Inimilia'"43*A Add $25.00 ff filing after May 1, 1987 .4/men IMPORTANT: Pi[All READ INSTRUCTIONS ON REVERSE BIDE DO NOT CHANGE Oâ€¢ ALTER /142,MINTED INFORMATION .FRA#&5 1 /Wl 49,g . / tÂ¥. Â·,s.N Colorado ./SUN, 4 - ~ ttill - Countly 0 -/,O/I-: -n!,iÂ·Â·24'U iâ€ž.1 1280 Woody Creek Rd. Asperâ€ž CO â‚¬1611 CO P'"Â®10.1 .,I- 0 huM-Il . *M Â»1 CO~f'.40: 1*ty- AAId-U, Clty. ZI 61040) 00.-M-WNâ€ž-01'.Co-,-0.-4**aN*-0.-*al ..Mot-- -#40 .WIM#M me#-,fl, Cable TV -mi*i_ _ ~ ALL BUSINESS OR PROFIT CORPORATiON3 MUST COMrLETE â„¢IS SECTiON 0,/*,All ...j.0 W ..C-k (A) gul .) 1*011 (C) hillhal/MthÂ« (D) SlmE*/-8,ling#/11 (11 Numn'Li'.a, Common $.10 a share 50,000 10.000 ID NAME* ANO ADORESSES 0 0//Mll 00-03 corpo-on. mult Mot M ... 1-0, - 041.- 01 Pill,19'" Bd 8.0,Itary cIMnot I hold Dy m, lim, 'ty**.1. 21/0/ 8%21/Ljibily//Jugs<11 Jerald Barnett P.O. Box 4357 Aspen, CO 81611 P.O. Box 4357 Aspen, CC 81611 Lacy Barnett â„¢.-r. P.O. Box 4357 Aspen, CO 81611 Lacy Barnett ~ NAWES AND ADDREUEI * DIRECTORS: (COkâ€ž*00 00Â¢W COf,Ofll 10,4 mi/,1 0* 0 W# Ul,I, IDI,1 m# thâ€žI ../ ~ ..1, . HO., .INIWI â€ž t-0 - 1-~h~efl M IM ~ thot th, attOtandIA, IMVe, Ir, h,W ~ "Â®04 ly ~le' 'P- 'h- 1-'MOHÂ»:B. C.-w. N..om Co/Deâ€¢.t-4 m. 1- . -.... 1 N.m. Aloriia. CRY, Â§12â€¢ ZIP Code Jerald garnett (only shareholder) P.O. Box 4357 Aspen, CO 81611 DI,Iter D./01'f: ~ THE FOLLOWING DECLARATION MUST 01 SIGNED IY AN AUTHORIZED OF/ICIR (P-WInt. V-Pr-loent. Bler,tar, . Alll,tant. U Tioll-4 Un<"* .namel,Fl*,Ibed In TRÂ» 7, C.A. lm#I licil- I'WI Ble 'llon hal -n -Imâ€¢- 4--d toth, D- 0~ m, In'wil'Im Ind -M. Il tful, 00,1*01 In~ IomÂ¢,1-. DATE ;AL# 1 Ro.0-, â‚¬AA-ig-:be TITLE Uc.,ijal U *,8.W-) 1 , 1 TO DETERMINE FILING FEE SEE INST-,UCTIONS. S- O,41 ooly 01 thle Mopoet w,th /yment,o DEPARTMENT OP t 'ATE. CORPOMATE REPORT SECTION. P O. DOX Â§061. DENvER. 0~=.~trr~/p~~~j GGMP6ITF I P-â€¢ Bl Mâ€¢, M I V. *rvo, 94 i APR 27 1989 , W. WI"- ... .01,1, C vot - YEAR OF 1989 ~ 1 Pt<AGE'TYPE OR PRINT Â¢LEARLY â€¢â€¢ FILING DEADLINE 15 MAY IST â€¢â€¢ DP871543411 D.' Cl in- Cofper- N.. M.9.*MAgent & .4,0Wree OM,ce: COLORADO CABLE COMPANY NOTICE TO ADORESSEE. Jorald Barnett Filing Fee $25 .00 a,@8cla5 1'5AA 5/1/89. ~1451 1280 Woody Creek Rd. .ytpr 1 Box 4367 ii.":65 : Aspen, CO. 81611 *iN -6.3 f Â·-Al.,Li -03 IMPORTANT PLEASE READ INSTRUCTIONS ON REVERSE SIDE 00 NOT CHANGE OR ALTER INFORMATION EACH ITEM MUST BE COMPLETED r ~ STATE of FOREIGN COUNTRY ol Inco,po,01,0â€¢Â· COLORADO 16 * 1 0.9Â¢49 ~ Princlpal plac. 01 ous,nes, 0, oflic. In Colorado. (,f none. 11.10 NONE, 520 E. Coo Â¤er : ASPEN, CO 81611 (Strell ACJfoll. City Zip Code) â‚¬ ~ 11 incorporalld outlid, Still 01 Colorado, giv, compt,te Iddres, 01 principal office in vall of country of incorporation Ill none. State NONE) F/.9 2 ~ Thi Con>of.flon 1, organized fo, Any Lâ€¢gal ind Lawful Purpoll Purluant 10 Ihe Colorado Corporation Cod. A morl specific pu,pole may -il.lad. CAOL[ TV dlt-:.; ALL BUSINESS OR PROFIT CORPORATIONS MUST COMPLETE THIS SECTION f.,E_. A (A) C!00' (8) linli (c) p. vâ€¢v'/01- (D) Numbe, Awlhon,00 (B Nvm.,,â€ž,01 'El COMMON $.10 A SHARE 50,000 10,000 ; 0,-'. :4 r 41; :204.4 ~ NAMES AND ADDRESSES ol OFFICERS: .Ff) COIOf80O co,po,atione mult 11,1 n Mal, two dlflifin, Indiv,dualo: 11- Ime- 0 Pre.-4 In. 1."Itify m., nol .. hold . 1,1.--e lioillilili,IL ..%2 -2, ttlati Addroll. CltY. Stato. Zle COOI r P'â€¢oldefâ€¢: D, Ken Brock; P. 0. Box 2635; Little Rock, AR 72203 VIC,ProlldontÂ· 6 7 Socretary Lacy Fyrwald; 520 E. Cooper St; Aspen, CO 81611 -4 . A- Slc-4 R j Trealurir. Lacy Fyrwald; 520 E. Cooper St; Aspen, CO 81611 ~ NAMES ANO ADDRESSES 01 O1~ECTORS: 0&2.. (Colonâ‚¬to P,0,11 Corpo,atton, muel 11~ 8110- thf-. INCIOI tr~f thÂ«O n-d t>l only u marly directon al therl ar, *ha-01-1 1,1 1,4 -01 thst the ot,totandlng ohor- am r-0 01 -ord by W.- thart m- /VMhot-1. COLORADO NONPROFIT CORPORADONS MUST LIST AT LEAST ONE ) Mami Addmot CltÂ¥. Stato. ZIn Codl 3.3 01.Clof: Lacy Fyrwald; 520 E. Cooper St; Aspen, Co 81611 DI,Ictor (Only One Stockholder) 01/'clor 4 ~ Colofido IN requires th, Co,poilte A,port lo be *Igned Dy ONLY the Corporotion , Pre,â€¢dâ€¢nl. I VIci-Proildinl. Socrotary, (04 8-,tan,1 0, Tfollu,of. For a /OREIGN corpofit,on -m-w, luil Imoen, an aulnomed agent mey *Ign Und,f DInal:les protflbed In TItle 7, CRS 107 3 l declarl fhal thle i,porl han viamine*Dy mi and le Ihâ€¢ bil 01 my knowledge Ine bllit. 11 trul. conroct and comp,oll /0/ Id_ tf~tr-- I .10.- OATE 4(7.F{ih *V, TITI 1 {5:gliturl) tov,â€¢11 8 Fo-f, IM. 71Â·0401114 :4 ~~ TO DETERMINE FILING FEE SEE INSTRUCTIONS SInd ONE copy 01 1hll Ropon with pe,ment to: P. O. Der 1759 .; 1 01â€¢ARTMENT OF STATE, CORPORATE REPORT SECTION PO BOX -1, DENVER. CO 80217-804' Ulnl Rock, Afkwaw 72203 i SS Fo, m CrlÂ·: (Rev 1989, .. .. Davis HorntuS- PLANNING Â· APPRAISING - REAL ESTATE CONSUIJING- 3% i - 1 'Â· * Â·i Li ap wi , r 1 JANI 31992 1~~ ~ --3/.5/ January 9, 1992 Roxanne Eflin Planner Aspen-Pitkin Planning Office 130 S. Galena Street Aspen, Colorado 81611 Re: Sportstalker Building Remodel Dear Roxanne: Thank you for meeting with Sven and I yesterday to review the work program to prepare an application to remodel the Sportstalker building. As indicated at our meeting, we intend to prepare an application seeking approval to build the first floor of the previously approved three story building. This is considered to be Phase 1 of the approved building. It is my understanding that if the application is submitted as discussed it may be processed as a minor development review. We shall address the Aspen Land Use Regulations criteria for a "Minor Development" (Section 7-601 E.) . We shall submit the following materials in addition to the criteria listed in Section 7-601 E. of the Regulations: 1. Building elevations; 2. New floor plan; 3. Site and landscaping plan; 4. Samples of materials; 5. A detailed profile of the parapet illustrating shadow lines, materials and the overlap; 6. A drawing illustrating the relationship of the building to the Elks; and 7. A one-story perspective of the building as viewed from the corner of the Godiva Building. Previously, there were questions regarding property ownership. We shall specifically address Section 6-602 B. 3 of the Aspen Land Use Regulations and demonstrate to the satisfaction of the City Attorney our legal right to submit a development application for the subject. ALICE DAVIS, SRA I GLENN HORN, AICP 300 EAST HYMAN Â· SUITE B Â· ASPEN, COLORADO 81611 Â· 303/925-6587 Â· FAX 303/925-5180 .. Roxanne Eflin January 10, 1992 Page 2 We shall submit a complete Minor Development application by January 28, 1982 and anticipate the application to be heard by the Historical Preservation Committee on either February 12 or February 26. Timely review and approval of this application is critical so that we may initiate construction of Phase 1 in April of 1992 and minimize construction impacts in the center of downtown during the high summer season. We appreciate you assisting us to prepare the application to meet this timeframe. I will serve as the project manager for this development and Sven Alstrom will perform the architectural design services. Please copy me on all correspondence and call me if there is a problem. Let me know if have misunderstood your directions provided at our meeting. I will coordinate with Sven on a regular basis. Thank you for your cooperation. We hope that the remodeling of the building will be consistent with the historical character of the area and Phase 1 of the building will be an asset to the community. Sincerely, Davis Horn Incorporated - 61 - Glenn Horn AICP CC: Sven Alstrom AIA Jerald Barnett CITY OF ASPEN Memo from Jed Caswall City Attorney ~ ~ 222~ FED\R Â·,Â« - \ reud ~â‚¬a=Ab â‚¬Ihz) rs\'36CLL/363223 \ 6 -as'cl c_:6 ---ur-â‚¬Sm- 94 LJTFJA C~ . l~c=>*1 -4- *-:-Ap<-*.Â£ AL=: 0 4\ Â»~ 3=ms- -'34-22, UlÂ«1 ~ <2~\C'â‚¬\ 6. ~wr-F--i J+3* -F= <ZbA<S rjerivdp ue--263 (13 0,4FLK j \ QEZE:z, SD r Jib Â»42>-3~~- 2)â‚¬ED> I~& recycled paper .. Clanahan, Tanner, Downing and Knowlton A PROFESSIONAL- CORPORATION ATTORNEYS AT LAW 1600 Broadway Suite 2400 Denver, Colorado 80202 Telephone: (303) 830-9111 Peter T. Moore - FAX: (303) 830-0299 January 24, 1992 . . r 28 Jed Caswell City Attorney ~ 40 City of Aspen 130 S. Galena Street Aspen, Colorado 81611 Re: Colorado Cable Company 202-204 So. Galena Aspen, Colorado Our File No. 02958.016 Dear Mr. Caswell: I represent Colorado Cable Company, A Colorado corporation ("Colorado Cable"). Colorado Cable's land use planner, Glenn Horn, asked me to write you to explain the nature of Colorado Cable's rights to develop the property located at 202-204 So. Galena Street, Aspen, Colorado (the "Property"). I am submitting this to you in connection with Colorado Cable' s Development Application and to comply with the provisions of Section 6-202 (B)(3) of Aspen's Land Use Regulations. On December 31, 1986, Colorado Cable executed a long-term land lease for the Property with the Hopkins Street Investment Company, a Colorado general Partnership ("HSIC"). This lease (hereafter the "Master Lease") was recorded with the Pitkin County Clerk and Recorder's Office on January 2, 1987 at Book 527, pp. 409-425, and Reception No. 284960. A copy of the Master Lease is enclosed for your review. Because the recorded copy of the Master Lease may be difficult to read, I also enclose a retyped (but not signed) copy of the Master Lease that was provided to us by HSIC. In mid-1988, HSIC was dissolved and the individual former partners of the partnership now own the Property as tenants in common subject to the terms of the Master Lease. See Â§ 38-35-109(1) of the Colorado Revised Statutes; Cohen v. Thomas & Son Trans.. 196 Colo. 386, 586 P.2d 39 (1978). The current fee owners of the Property are W.G. Bullock as to an undivided one-half interest , the Bullock Trust as to an undivided one-sixth interest, John E. McNulty and to an undivided one-sixth interest, Lavone Kay Staton as to an undivided one-twelfth interest, and Lois N. Hartman and to an undivided one-twelfth interest. ~~ahan, Tanner, Downing and Knor~ Jed Caswell January 24, 1992 Page 2 Pursuant to the terms of Article XII of the Master Lease, Colorado Cable has the right to sublet the Property. Colorado Cable has sublet the Property to SportStalker under a lease which is scheduled to expire on April 30, 1992. Colorado Cable also has the right to develop the property without the need to obtain the consent of the fee owners of the Property. These rights are set forth in Article X of the Master Lease which provides in pertinent part: Tenant may make or permit to be made any alterations, additions, or changes to the Leased Premises, including demolition, remodelling, reconstruction, renovation, new construction (the foregoing collectively shall be referred to as Improvements) without the Landlord's prior written consent . . . [emphasis added]. These provisions of the Master Lease establish Colorado Cable's rights to apply for the Development Application. Colorado Cable does not need the consent of the fee owner to allow this redevelopment. Nevertheless, as a courtesy, I have contacted Bill Bullock Jr. (the representative of the Bullock interests, which own a four-sixths interest of the Property), and he has assured me that his father and the Trust are completely behind Colorado Cable's plans to develop the Property. I have not yet contacted the other fee owners. For your reference, Mr. Bullock's telephone number in Glenwood is 945-1010 (w), and his office address is 930 Grand Avenue, Glenwood Springs, Colorado 81601. Colorado Cable Company is a Colorado corporation in good standing. A copy of its Articles of Incorporation are enclosed for your file. Lacy Fyrwald of Aspen is a Vice-President and Treasurer of the corporation and is authorized to executed all documents necessary for Colorado Cable's Development Application. Should you have any questions regarding the foregoing, don't hesitate to call. Very truly yours, Peter T. Moore CC: Jerald M. Barnett (w/0 enclosures) Bill Bullock (w/0 enclosures) Glenn Horn (w/0 enclosures) Caswell.Ltr/PTM/floppy ~-37 kLe r / 2 1-7-zÂ· r - /7 r .2 r--7 ~9141%9. 96 6 ;331 11 I It FEB 1 1 988 I HISTORIC PRESERVATION MINUTES Regular Meeting KI U Minutes April 14, 1987, 2:30 p.m. City Council Chambers 2nd floor City Hall Meeting was called to order by chairman Georgeann Waggaman with Zoe Compton, Bill Poss, Mary Martin, Marge Riley present. Nick Pasquarella, Patricia O'Bryan, Charles Cunniffe and Charlie Knight were absent. MOTION: Georgeann made the motion to approve the minutes of March 31, 1987. Mary second the motion. All approved. Motion carries. FINAL REVIEW SPORT STALKER 204 S. GALENA ST. Robert Mchugh: We have addressed the blue stripe at the bottom of the awning, it has been removed. The snowflake graphic has been removed. We were asked to consider wood siding or lap siding rather than the stucco. The canopy over the entry projected a foot over the copper canopy and we were asked to bring that back into alignment. We also have addressed the corner; we had considered bringing the copper awning around but that seemed obtrusive so we are using a smaller canopy similar to the entry's canopy. All the lighting will be shielded. Steve: Robert has addressed most of those concerns. The owners and HPC are trying to accomplish something that looks a little more modern while not creating any elements that detract from the historic buildings on Galena St. One concern now that the lap siding is being used instead of stucco it makes me reconsider the use of copper as to whether that material is a preferable material. I also want you to think about the copper canopy that was over the Elks Building and the heavy appearance that it had. A copper canopy has a heavy appearance. The other element discussed was the metal balls that appear on top of the parapets; it is a decorative element that calls attention to the building. My recommendation is for approval with some reconsideration of the copper. Mary: The trees are getting bigger all the time and how does this copper roofing over the sidewalk fit in and how far out does it come. Robert Mchugh: It comes out six feet and we are not increasing the size. The roof slopes so it will drain. Mary: Every metal roof with a ridge in it has problems with snow dropping off of it and since this comes to the middle of the sidewalk I'm wondering if you don't want to shingle that instead. Steve: This roof covers the entire sidewalk. HPC.MINUTES April 14, 1987 Mary: Why does this canopy have to be parallel flush with the copper one. Why not have it come out to the street. Georgeann: I believe there is a technical reason why it can't go out that far. Bill Drueding: Canopies can only extend out so far and I'll look it up in the code. This also has to go through an encroach- ment license. Robert Mchugh: The canopies are free standing. Bill: Do you plan on doing landscaping. Robert Mchugh: We will work on the trees and the corner sidewalk will be replaced in the proper manner. Marge: I like the appearance of the building and would encour- age soft lighting. Georgeann: I would like us to consider a wood fascia as that would be a softening element. We don't want the material for the awnings to be a shiny material as it is not appropriate in the historic district. Georgeann: I open the public hearing. No comment from the public. I close the public hearing. MOTION: Mary: I make the motion that we accept this building and final reading. Zoe second the motion. All approved. Motion carries. FINAL REVIEW 4TH FLOOR EXIT STAIRS 415 E. HYMAN ST. Stan Mathis: Letters were sent out to all the occupants as you requested. The way we left it was if no one objected we were OK. I do not have that evidence with me. That would be wise to make that part of the approval that the evidence be shown to Steve from the Planning office. Georgeann: You are saying you can't put the stairs through the interior section. Stan: No. Bill Drueding: I want this contingent upon zoning and building code approvals. I haven't decided if this is infringing on open space. 2 HPC.MINUTES April 14, 1987 Georgeann: I open the public hearing. No comments. The public hearing is closed. MOTION: Bill: I'll move that we approve the exterior fire stair as presented by Stan Mathis with conditions that it meet all the Building Dept. and zoning code approvals and that they come back with color review. Marge second the motion. All approved. Motion carries. PRELIMINARY REVIEW MESA STORE BLDG. Nasser Sadeghi: Jim MeDade acquired the building last October and we did interior work. At that time we discussed the renova- tion of the exterior. There are 2 by 4 studs supporting the canopy structure. Some of the slats supporting the shingles are broken and nailed together and need to be replaced somehow. Once the canopy is replaced if we redo it in another shape it might do some things for the building i.e. exposing the building. We would recess some lights and they would be concealed. Georgeann: It is my understanding that you want to repair the windows and detailing but generally keep the character that it has right now. Nasser: The building itself will not change at all only the canopy. We would like to paint the building the same color that it is. We would like to add a little striping around the windows which would add attractiveness to it. We would also do lands- caping on the lot next to the building and maintain it. Other than that there is landscaping I mentioned, painting, window trim, the main roof also needs some repair etc. Steve: The reason why this building wasn't on the national register was the second floor windows, they have been altered. As the old photos show the canopy was original. The basic rule is not to remove an original features however the applicant has given three basic reasons why it makes some sense to remove that feature: The valance is too low, it is 8 feet high; It is in the presence of deterioration; It covers the store front features. I am concerned about the style and proportions of the replacement canopy. I think it is similar to the Hotel Jerome. If you do attach it, it should be done in a way so that it can be removed. Nasser: It is an attachment and can be removed at any point. Steve: It may be more appropriate for the canopy to come straight out from the eastern wall. That would enhance the look of the canopy. The door replacement appears to be necessary. 3 . HPC.MINUTES April 14, 1987 Marge: What is the height of the proposed railing and what color would it be painted. Nasser: 2 1/2 feet to 3 feet and we would maintain the same colors of red and white which are in the building now. Bill: The job proposed is a quality proposal but I feel that the design intent seems to dilute the historical integrity that was there. Zoe: This building is the only prime example of a working class frame structure that we have on Main Street. Because the windows have been augmented it is a minor change in terms of effecting the whole building. The canopy is an improvement because the storefront is attractive and it is not visible right now although we should be purest in terms of this building because it is one of a kind. A canopy should be placed on it that is similar to what is there. The doors that are on the building are grocery store doors. The doors that you have chosen are fine but the glass does not go with that building. Stained glass was not used as they couldn't afford it. Georgeann: You have a working class building and you are putting lacy doors on it. If you change the canopy it changes the character of that building. Maybe if we kept the canopy with an angled roof that would be more in keeping. Nasser: It won't work that way. If we can't have that one we will leave the one the way it is. It doesn't appear to be a middle ground, we either tear off what was there and put back exactly what is there or we change it to our presentation. Jim McDade, owner: The canopy does change the look of the building but I came to the conclusion fundamentally this canopy is ugly. Mary: I find no fault with this building as long as it is in the original format. We have to leave some discretion to the owners. The roof is not functional right now. Steve: It seems to me that this design is a major alteration of the character. If they are able to do a new design of a canopy that does remove one original feature in order to expose other original features i.e. store front that might be an acceptable proposal. This adds another element to the building. Bill: This presentation changes the integrity of the building. Zoe: I agree with Bill. This building is almost like a tourist attraction. 4 HPC.MINUTES April 14, 1987 Bill Drueding: He needs an encroachment if he touches the canopy and I'm concerned about the lighting. The transition should be with lighting going naturally. Marge: I do see a big change in the picture and it does alter the character of the building. MOTION I: Zoe: I make a motion to table this until the next meeting and have another presentation made in line with the original character of the building, the canopy part. Georgeann: We don't want to disapprove this one either. We would recommend to them that they show us an alternative in the direction of restoration. MOTION II: Georgeann: I would be happy to move that the items of restoration: paint, garden, lighting, roof repair, replacement of the windows are acceptable as presented and do not need a public hearing. Marge second the motion. Doors, lighting of the front and canopy must come back before us. Steve: A definitive list should be drawn up for the planning office. Vote on both motions: All approved. Motion carries. That renovation be more toward restoration of the canopy. GOLDEN HORN AWNING-320 S. MILL ST. Andrew Dracopoli: We would like maroon awnings for the south facing windows of the second floor offices in the Golden Horn. We would also like to move the entry door to the offices 16" closer to the Fila entry door which would allow an interior lobby before reaching the stairs. Bill: I move that we approve the two proposal presented to us and that the awnings be maroon as proposed. Zoe second the motion. All approved. Motion carries. AJAX MOUNTAIN BLDG. AWNING-520 E. DURANT Gary Reed and Patty Tyler: We are representing the Polo Shop right now. We are proposing retractable lateral arm awnings. We would like to put signage on the awnings (their pony logo) and the fabric is navy and the awning extends 32" out from the building and they are a 45 degree angle. Currently we don't have any other prospects for the building. It would be an anodized aluminum frame. 5 HPC.MINUTES April 14, 1987 Zoe: The awning makes the building look better. Steve: An acceptable format for awnings is: 1. functional. 2. That they do not detract from the building. I am concerned about the increased perceived bulk of the building and the corres- ponding decrease in perception of open space. It should be limited to where awnings are functional. Georgeann: The first floor would need the awnings more due to sun problems. Zoe: Could some of the double and triple windows have just one awning. The awnings need to be concentrated more. Gary: Yes. Bill: I would prefer the elongated awnings or the one look as opposed to the individual awnings. Since it isn't functional I would hate to pretend that it is an awning. I don't think we can vote against it because it does not have a function because we have approved awnings on many buildings that face north and never get any sun. It is a way to circumvent the law and get identity. If it was more permanent and not looking like an awning then it would become more of an architectural feature and would help soften it. Georgeann: The small individual awnings break up the large scale of the building and soften it. Gary: We have to go with a retractable awning because of the FAR on the building and the open space. Georgeann: We will have to review each individual applicant as they come up. Marge: It is too much as individual awnings. Gary: The owner likes the segmentation but wasn't against a solid awning. We could break the awnings up some solid and some individual. Zoe: I think that is the best idea. Steve: Do you want the Polo Shop to have eight awnings or one or two and do you want every opening on the building to have an awning potentially. Georgeann: Historically they had awnings solid down the fronts of buildings. 6 Â¥ I HPC.MINUTES April 14, 1987 Steve: They are over a covered walkway which is not historical. I would recommend the Committee to take a look at the whole building with an optimum number of awnings that identify the given stores. Zoe: . I don't like all the little individual awnings visually. Gary: We could combine awnings where feasible. Georgeann: The question is do we want to approve the awnings of the Polo Shop or do we want to ask the Polo Shop to come back and present us with less awnings or a little more tighter and more defined awning plan. Marge: Less awnings. Gary: If we were to redraw this do you want us to focus on the building or just the Polo Shop. Georgeann: The Polo Shop's original request was to have wall to wall awnings and the consensus is that is not acceptable. Gary: The Polo Shop wants signage and they want to identify their entire space and cut down on the sun in the winter. MOTION: Marge: I make a motion that the Polo Shop come back with fewer awnings in their proposal. Zoe second the motion. Motion carries. Georgeann: I don't think they should have to come back on a contemporary building. Zoe: I withdraw my second. Marge: I want my motion to stand as I won't be here to vote at the next meeting. VIGODA HOUSE 232 E. HALLAM ST. Steve: This house was formerly the Luke Short house. Louise Vigoda: The original design becomes extremely bulky and massive of a scale. The grotto was built to be too wide and too high. We would like to follow the curve of the new part of the house. It would be made of stone and wood planter boxes. There . would be a waterfall and a reflecting pool, a much lighter treatment. Georgeann: What are the planter boxes going to be. 7 ---~ I .. HPC.MINUTES April 14, 1987 Louise: Lap siding like the rest of the house with white trim. There will be metal liners inside. Steve: It is not the connection to the original house so therefore it doesn't effect your visual sense of the original house and it does seem to be appropriate. It does not go above the existing walls. I recommend approval. MOTION: Bill: I move that we approve the revision to the original approved design as presented. Zoe second the motion. All approved. Motion carries. Kathy Strickland 8 -- i 4 Ob ...4-0 =m l 0 Boott DE I PASE409 - C r n,7 -1 4 =O W m OZ ' OX LEASE Pom 0,0 â‚¬Â» m THIS LEASE, made end entered into thi-7 2- lay , iDac-â‚¬ 450, 4, 1986, between Hopkins Street Investment Company, e Colorado general partnership (referred to below 89 the "Landlord"), and Colorado Cable Corporation, a Colorado corporation (referred to below as the "Tenant"). WITNESSETH ARTICLE I Leased Premises The Landlord hereby learre to the Tenant, and Yenant hereby rents from Lendlord, the "Leased Premises" described in thi Summary of Business Terms 6 tte ched hereto as Exhitit A (herein "Summary of Business Terms"). ARTICLE 1 I 7.f,u The tern, of this leise is stated in the SumrÂ·ary of Business Terms. ARTICLE 11 I . BAnt 1. The 'lenant agrees tc pay the Landlord an annual rental for eau. yea: during the teit of the Lease, which re:,1. is specifid in the Sun,mary of k.11-:ineSS Terri. 72115 rent,1 5 6 payable i: r,ont),4 inpiallments u set foril, in the Sunni.r-, Ci Busitiess 76:rnis oue on the fi:rst 64' of tach Â£21â‚¬:71063* month 031'ir.: the tern. 1,â‚¬:-eof withoul prior deund. 2. Commen: ing with the firrt year of Gach Ient-wal term, u specified in the Summary of BufinesE Termi, the annual rel-:ttl amount shall be increased by|Sk) ncr. cinnum cumulated over the ,04,/Tâ‚¬ _Annual rental amount due during 413*~year of the preceding term g-A.4,~0'-of the Lease (whether the initial term or a preceding renewal c term). The annual rental amount so established shall be the annual rental amount payable during each year of said renewal term. ror cach subsequent renewal term, ocid annual rentalÂ· ameunt choll again incroorcÂ·-at t.hc rotc of M por annum cumu]=tcd ever thc. prior annual-rcr.talÂ·-amount Fogoblc for caoh year of the proardin'I roric'..'Cl terr. 3..-'.-7&.ditional-Â· ncit. Ir. oddition to thc rcnt Â·thc pe_~li-cr Beknowled/-Lagree that the Landlord may charge tn -aad-â‚¬El Ject from the Tenant tr.enant' s share of variots and e>:pr=nses, inter alia utility c~-,29Â·@~4~~2.215.La-u-Â¥,r-operty tax allocatic,n ar,d insurance premium a 11.9.C-â€¢--=r,Â»w.--2-3 set forth in this Leasc agreement. Sai-Fes shall beected as additional rent unless ic provision for such paymen re set forth in the ARTICLE IV Utilities - 1.----2:CZ!121.- &1-'all p& S Ioi- 811 water,sew,B/; electricity, of-ET=Fmry-sm-gancF-Emoval of the sidewalk__liont-- Premises,--tr64-F.ar-~_maintena:ice of ..7--col=5-r. trash orca and garbage collection ccrvicoEZEU==86=4*. 1 ETTA BA 284960% BOUn l./6.-' 1 20 00 i 8% . I BOOK 527 PME410 t.},c -Leated PrcÂ·rirer. All turh charger cliall be drenedÂ· Utility E>:pences -and CLIA] bo pid by Tenent-to theÂ· provider, of taid With regard to all utilities, it is mutually agreed .. t),at Landlord shall not be liable in damages or othendse for any interruption or failure thereof when such interruption or failure is not due to the negligence of Landlord. 3. Ter,ant further agrees t},81 Tenant will not install any equipment which will e>:reed or overload the capacity of an>Â· utility facilities, and that if any equipment installed by 'Ienant sl,al] require additional utility facilities, t),ey 61,all be, iristblled and maintained at Tenant's expense. ARU]CLE V General Property Ta>:es Iqee For tarl, 1,ebte Ye ~ Corn--!enci r]9 with the *eee.,6 year 94-44+ 1,*4Â·64, the TE nant A,all 'Plinbur:c t c 11,0 La r. d lird an 9-Ount 6 75 6-1 U, the (peneral pronargy ta>:â‚¬Â·F for the ~F-:r e.:li~MA for the Frerediric le esâ‚¬ yeer wdiCL r79/ c-' 61,61] be pe>able r.[ ar. 1:cition:] :e.t:.1 F:527-::.t, Â¢UE On :Crruir> 2, T r.th, a:,f. ear: Ic!Â¥ffrÂ·. : 11.eyeafte derih? the tfrr of this Leart. The terr rgE:neral propexty ta>:ei as used herâ‚¬in shall rce:. 21.6 9=0'.'err...,tr,to] c: quasi-coverrj.ente ad valert- ta>:65, 25!?ess:tentr, lerie er.6 Cherses, general or spe:ial, Upen C: Cenerated â‚¬,Clus:Vely by the Feilding and the lar,6 occupied by the Puilding. Whether Or not t),6 Lay.dlord actuallyÂ· takes advantage of any provision for paying-8 Speribl ass,95;rÂ·tnt in instal linfr.t 6, Le .5~,all be Confidered to ),ave done so, 50 :hat the "ge'.â‚¬:'el FÂ·roperty taxes" will include only current annual installn.ents cf tE.xes en 6 assess:enty. AS prorÂ·p'th a, poss~it,leÂ· fc,:lowing re:Eipt 11Â· 3.andlord of Lis ta>: and efFC;Ement Loticâ‚¬ Or, 1.Lf FUKOE':1 ;11'CÂ·I-,Â¢3-14' for the precedi;,c year, 8 Copy ~ 1.1.(- 54:'E /hal] be 52(.T.t tÂ¢ thâ‚¬: Tentint. AK7:Cir V] Fir{, Capualty ant Ge:.Ere] F,c:lie lie.! i lity Jnsurancf 1ENA+IT 1. The bandieed shall insure the Building against fire, normal extended coverage perils, vandalism and malicious mischief. Such insurance shall provide protection to the extent of at least* ninoty perocnt,- (901) of the incurable rcphooment eest-et--*b..._Building- In addition to the general public liability insurance coverage provided for in Article XIII to be carried by the Tenant for the benefit of the Ter,ant and the Land]ord, the Landlord may, at its' own expense and for its' own benefit, provide general public liability insurance coverage for the Building. * $450,000.00, ccmrencing February 1, 1987, Landlord shall maintain existing insurance until said date. 1-= Por eel. LcÂ·:tro Yogr, t!.0 - Tor,.nt cl.all--- pal' tâ‚¬_11â€¢ Larialorati,EFrer.'=for the above-described i-2.5ZLD,!~uÂ»--COVerage, which 51,are shall be p stallments due on the sre day 25 the rrtontl.lv râ‚¬IlLD+-ISFPmefrt.,-4Le due. As promptly as po.!sible follacing--r,rE-YFEby 1.andlord of i;TV-8-rrr,9.al_insurance ProÂ·n_LUK.l i-cr-Tbr t}ic building. a copy-ofÂ· tl.c comc .1.311-Ec--De#t t,%<4,0.4,A.At.. 3. t],roughout thE term of thit Leafe, the Wenent 51.611 carry and maintain in effect insuranct covering 1, i 5 trade fixtures, equipn,ent, furnishings and leasehold inprovemor.tr, whict, insurance shall protect against fire, norr.a] exter,ded COVE rk?E perils, vandalisrr., malicious mischief. Such insura~ce 190%) of the insurable replacement COEt of the insured property. Shall provide coverage to the extent of at least ninety percent t BOOK 527 PAGE 4fl ARTICLE Vl I Parking H due solely to the Tenant's use of the prerr.ires, the Landlord becomes required by any governmental agency to provide additional parking spaces; or pay B parking DE.set,sment, the Tenant Â£).all pay for or be c},arged foy the provision of t},ese spaces. ART]CLE VI]l Landlbrd'Â£ Ripht to Subordinate Least ThiE LuSE 51,81] be subordir,ate to thE lien of arty trust ded 01 deed:, mortgaies, or liens re Efultinc froM any othâ‚¬:r n.cÂ·thoct of finaricing or rifinar,cing i.rreb:fort cr herâ‚¬after FÂ·heed up:,1. the 1,â‚¬ a,e 5 PrE., 5 f 6,5 by Ler.d] ord, arid tc, al] other an.c,unt Â£ advanced thereunder for c c,n solidations end exteneions thereof; provided, however, t}.61 ar,>' such lienholder agrees in writing 0,2t ih the event of any foreclofure or other Suit, sele Or prorteding thereunde:, ter,ant, if not then in dtfault hereundir will not be r.ad< E party to any Such suit or procading, ard the retult cf ss i d forec] c. f U r â‚¬ c, r ruit 61, 2 1 1 r, r, 1 2 f i Ect t},E: richt y c f thâ‚¬ CiT,&:,1 te CC'Â·51 ir:61 2 r. 3'6-6:4 !41 pDEPE flicl r f thi= ]666â‚¬1.212 pr E- i E â‚¬5 Unier 61] Of 13.0 tarrs t! t).iF Ltesâ‚¬. Ger,ant agreEs to execute Â£2:2. ir.Strur ent: e~ nav rets~nably be reguested hy eny 1,0-ne ficit:)' or r.2-Â·rt?69'Â£ â‚¬ tc evider,ce arif r.a).e L lrâ‚¬ cord of the fact. t 1,8 1 t l. 1 6 1,9 5 6 â‚¬ i Â£ t i be jr.ferjor to any sucl. deed cf truft or ILortgagâ‚¬ accordjng to these provitions. The parties further agret that in the event the 3.andlord faile to #ske any pairents, or otherwise perfor:. any termy a r. d co,idition, that it is clearly regujyed tc perforn pL:Fuant te, an' fir,ancir or refinancing agreÂ·en,int placed aninft the Eubiert 504464 reL' eftete tc' Wl,irl. 111 13â‚¬rjant 's leay'. 55 subordincted, pursuant t: the jereÂ·r ci thip TE'P?:aph, tLE :tiants Shell Lavr the rit.t, upvr. reasÂ·:tne:10â‚¬ r,ctic< tc, the J,ar.:5]:~7~6, te, curâ‚¬ EL j f 66 f a u 11 ht.5 tv ay 7 4. t ! it COE * C . Et. i Â¢ cu: e t cÂ· & r.)' r.a .5 1 6 2 (, CurIEr.tly def, 01 IN-: 579'clizE 36: 1 62Â£ pursuant tc 1-LE t crn., c' t 1,1 6 14 2 5 i , 0 r t 0 6 12 7 1 3 tl: s cost of raid curâ‚¬ tc the pur:1:25< price for t!.6 leated FYET. 55â‚¬S 85 FE't forth iT. ar.y option or se]â‚¬ agreement B.ade by and between the Landlord and the Tenar,t concerning a sale of the leased premises by the Landlord to the tenant. The lienholder of the lien to which this Lease is subordinate shall agree in writing to provide Tenant 30 days notice of any such default by Landlord and of Tenant's right to cure. ARTICLF IX Tenant Agreek 1. 70 pay rent promptly in advance as herein provided, to t.he address of Landlord shown above or as hereafter designated in writing by Landlord. 2. Tenant acknowledges and agrees titat upon taking possegion of the Leased Premises Tenant will have carefullY examind thâ‚¬ same, be faviliar with tl,e condition thereof, and re]Ying solely or, puch examination will accept ther in their ConditiC, Â£ t t),at timeÂ·, ur.less Landlord and Teriant othervist expressly agree in writingÂ· Subject. to Â· r c T t, i Y -P - i imp ' M' p z f ht 6 120Â· bc Â£8Â£ by Landlord, Teriant shall at all tin,es maintain the premises in good condition and state of repair and shall, at the 1 Tenant'* own ,.cost and expense, make all necessary repairs Â· 1â€¢b-U-,1 k*. thereto, e*ecpt' that I.Andlerd chill br roipor,ribl, for, at iti sole cost and expense, the structural, mechanica] and electrical /012 --_Blemett! of the building and premises including, without /~2'~ limitltion, the roof, heating plant, plumbing lines and fixturef., - -40 t!.c .fault or- neglect of-.Tcnant or- unler thIÂ· u.rÂ·e Booii 527 PAGE 412 Dre râ€¢rt of imprÂ·Ove,r.ent; en.1.,rn",d"9 br ren,pt. Al the end or other expiration of the term hereof, Tenant :Lall deliver up the Leased Premises in good condition, wear and tear from D re.sonable use thereof and dan,age by the elements not reFulting f ton, tlie neglect or fault of the Tenant, excepted. 3. 'to prevent any disorderly conduct, noise or nuisance whatever on or about the prerrites. 4. Not to uff Buct, premisser Or let tl,er, br used for any pu'rpose contrary to applical,]6 law, ordinance or regulation. 5. To prEvent overloading 01 abuse of floort, walls or structure, to pirnit neither tlic mtorage nor the use on the Prer.ises Of any FastÂ·Ous , e>:p]OFiVe, Or highly flarir,able Tratter, anâ‚¬ to prevent any uff of 'llit premise'FÂ· A!.ic], would render t},r insurance vDid or the insurence riEk. mort hazardous. Jn case of a breach of this COVET,ant, ant in additior, tc, 611 other rer'eNes of LaÂ·idlord for the breac}, by VE:,ant of any of the conditions or cove:antz of thiE LE-2:56, 76 r,ant 8-reâ‚¬,5 to pe)' to Land loid 65 additional rent any end all incriate or increases of premiums on insurance carried by Landlord on the 1.Â£85<d t,rerises or on the Building raused , r. 6 1 y Â¥ d y L y Ter, er:t ' s USE 04 the Sub.ec-t pren.ites, 7 0 perrit : a : 5 2 ord t c a f. vert i 5 4 1 :â€¢â‚¬Â· pr in 5 56 5 f Of r 6 :-1 1 at a rea F Dr. 8 1- 1â‚¬ tine k, c fore tl,â‚¬ 1. .r- a SE E >' 1 i Y f Y or tkie tenatic>' Otl,E rw i FE ter: ir.Elf E . 1 3 9 7-0 6 C x ot lier de vic- e: for s a i d FÂ·u:- I Â· 2 5 e ri,ay be iÂ·Ieee f i f. Cr ah,Cut thE r; tr.i FE 5 r;:,1 EC,z,ne r the:, n i r,E ty (90) days FricÂ·: tr. t}.â‚¬ e>:piration of the Leafe. lr, addition, to perrr:it Lar,/lord to Ellow the premises to proEpective ter,EntE during said ninety (90) day period. 7. 70 oive Lendlord written noticâ‚¬ of eny accident, fire . c,r dart.age orcurring vithib or to the Leased Preises. Ar y 1 CLE X 7 i T Ent ' F Fic 1, t t o M. 5 3: c ] r; F': Or' E :. Ent ! , A, 6 5 itionE 6.Lf Allerationt Ter,Ent n.av n.the or perr.,it to be n ade a:.9' alteretior.6, . additions, or changes to tlie Leased Premises, including demolition, remodelling, reconstruction, renovation, new construction (the foregoing collectively shall be referred to as Improveâ€¢ents) without the Landlord'â€¢ prior written consent, provided that the costs necessary to complete said Improvements are fully secured by a performance bond or, if not a performance bond, by other adequate Becurity acceptable to Landlord. In order to determine the cost of completion of the Improvernents, Tenant shel] obtain a biriding cor,tract with a cor,tractor which contract HOVides for a Keximun top set cost for 66id 1mptoreretils . 71,e security for completion of the Trriproventents 1-/601 bi in 6, amount not lefs than 120% of the top Bet cost Bet fortll in $ tie contract. Not less than 30 deys prior to t),E CO-TEncirer.1 of work or. the improverr,Ents, TEnant s}.allgivE to MUZZ: : ar;: croll.S ptrt;os~%,1Wmi42 i ;i?=6#U=li, 4,41,1Â£1 1- 5-1192 0-â€¢t tbe Contzâ€¢C< Ind 4#54* 44 1 **4 9 *Df#*9A1~9 .AMA <%*"M*4'*/A'% il /5**44~11431'd/Oft43///t/"//* "~Â¥zrhew'Â· 4~2 *9Â»94#4~*t .e /,10441#fonitiontby writtenkÂ·notici# tof ~r.ar.r 14Â»69993%tf ;44);F w L.ndlor20, DEjection, tcâ€¢ EDâ€¢e. Landlord': objeclionE *1.811 hol,fl "PÂ·~ â‚¬79)* be unre,Bonably made and the parties â€¢hall. in good faith.1 481 ~1~ . again/t Tenant's comn,encement of the Work or teke other action atternpt to resolve any such objection. U the objection cannotz ;1...] be resolved. Landlord shall have the rigl.t to seek an injunction, -wy thot Lardlord deems appropriate. Notwithstanding the foregoing, /~r--'eriwnt .1.811 not be obligated to provide a performance bond or other security or to obtain any consent from Landlord if thE Cost -4- .~ 4 44,1...1 < BOOM ~7 pmE 413 excluding the value of the land. of the Improve,m~~nts is less than 20% of the appraised value of 1 the Premises./ Tenant shall also have the right to apply for end obtain any zoning and/or subdivision approvals which may be available to Tenant under the ordinances of the City of Aspen and I Landlord agrees to execute any consent or authorization to Tenant to obtain said approvals as may be required by the City of Aspen to accomplish said purposes. r.. Tenant shall cause any Improvements to be made in a workmanlike manner and strictly in accordance with all ordinances 1 and regulations relating thereto. Upon e termination of this ~ Lease and the expiration of all of Tenant's rights in the Premises, all such Improvements shall become the property of the Landlord except that if the termination or expiratiom is not by reason of default of Tenant, Tenant may remove drapes, movable furniture and decorative items of Tenant, 1-enant's fixtures and other such property provided Tenant shall repair any damage to the Premises caused by such removal. ARTICLE XI kandlord Agrees To deliver to thâ‚¬Â· Tenant the Leased Premises in good condition, with all sewer and drain connections and lines, 1 . plumbing and electrical wiring in good working order and repair. Lu.olord choll bo rocponciblo for and kocp thooc i toms, strucTumbers and mechanical and electricaletg-of the Building, the heaunt--and the_To--g-ood repair, except where such repairs are nedÂ©miÂ»60:tEL_by the act, nedligence _or omission of _Ten-his employe-Es-,--a.gints. guests or contrag-,rn which case such repairs shall beprvmp:tlÂ¥ made bY IPermnt ot Tonant' 0- colo clipencc and 0Mccipt DC Cot for Ape+i-Â·elt IX..2. It 15 expressly understood and agreed thai Landlord shall have no obligation to repair or replace any improvtments, additions or alterations Â©enctruotod bi Â·Trnant or to remejy problems Caused by any such improvements;, additions or alterations excopt whereÂ· tuch roF:ir or roplacomont ic oauccd by Londlord'e-nogligc.nt or willful actc. It is further understood and agreed that all ethaÂ¥ obligations of maintenance and repair shall be the Tenant's as hereinbefore provided, including, but :!..;+X,1.: 115.f not by way of limitation, the replacement of all glass, both f.Â·,Wit.Â·A'' interior and exterior, broken or otherwise damages during the term hereof, e,tooptlf oauood by tho fault or n,9-2*04.-OS--Landa.ecd t./.04 7 t.:!X"b" ==-=5-2-Ieâ€¢ult_of -Btructun-1.mosparnâ€¢ret or '-4 11,-0- . iutÂ·?,i. :. 1"câ€¢â€¢2y'.N ' Landlord acknowledges that Tenant is a related party to the purchase under a certain Assets Purchase Agreement (hereinafter Â¢42<Â·.~i ti iND' "Purchase Agreement" ) between Tenant and Bill Bullocks, Inc. 2.0Â»07.- (hereinafter "Bullocks"), which Purchase Agreement includes the acquisition of the assets of Bullocks existing business located within the Premises and certain leasehold improvements therein .lie < and an Assets Purchase Agreement for the assets of the Bill t*49 Bullock's store located in Breckenridge, Colorado. Bullocks and <91.4,~ Landlord are businesses with common shareholders and partners and >l;09'j it is in Landlord's interest to assure Tenant of the performance .1.f.;,?.4.' of certain obligations of Bullocks in each of the Purchase 1 =a>Â£â€ž: 4. 2*0 0.- Agreements and to guarantee the same. Therefore, in . efÂ¥.... B.tâ€¢,F. consideration of Tenant's exercise of this Lease with Landlord J~>*4:ft E*18 Â·: and other benefit to be derived by Landlord as a result of the proper performance by Bullocks of each of the Purchase I#*4,4.5? Agreements, Landlord agrees that in the event of any default or .&447Â·2Â· misrepresentation by Bullocks in the terms of either or both of the Purchase Agreements, or this Lease or in any encumbrance upon ~~ the Premises,* Tenant shall have a right to expend such sums and RONT undertBke such efforts as are necessary to satisfy Bullock's .0,1 <57 _pbligations under either or both of the Purchase Agreements or . %..i. <27 this Lease or in any encumbrance upon the Premises and. in such EUtt# t. .-2, f event'%*Tenant shall be entitled to Det off an amount equal to 125% Firft'Â· of the amount expended to satisfy said breach or default. * See 58 -5- ** See 50 11 . 8.OOK :=7 PAGE 414 this right of set off shall not be a limitation of Tenant's rights against Bullocks for any such breach or default but shall be in addition to all other rights that Tenant may have. It is expregsly agreed end * which breach or default relates to (i) liens or encumbrances on the Assets purchased or the Premises or (ii) failure to pay any tax liabilities related to the businesses involved in the Purchase Agreement if Tenant is not in default under this Lease at the time said breach or default by Bullock's or Landlord occurs, -5a- O .527 PAGE 415 understood that Tenant shall not be deemed in breach of this Lease for failure to pay rent when the failure to pay said rent if the result of Tenant'B exercise of this right of set off. 4 t),c event tl.at Land lord i 6 in -- defiult o f any of ~Jr obligati<-under the terms of this lease and, if Landlg.*-coes not underta),efforts within a reat,onable time to-e said defbult and/or 7,14Â£ any repairs or expend mone)>Pr- any nature Wliathoever wit), re.Et to Lan:3]ord'E o b 1-19-â‚¬1 o n E hereunder, ther., itt Sucl. event, Te-h,6.:* sl,all Lave th -rig),t to expend sue), suns and undertate Lbucl, e-N42$ asre ne-ce;sary to sati*fy handlerd's obligationE under r~trjease end. in such event, 7enant shall kqi entitled 1,ofÂ·t --'e.LL any such BUTTE expended against rent ewing by 0,Â®Bm.pt- to Land)oreNU the Bame becomes due. 7 eriant' $ recours f 15/1 ), i s r i 91 .t o f stÂ· ibki.,.- s) 061 1 not be a limitation of ES)â€¢eff,t 'E r59}:tr ega inpt LbnÂ¢16'YÂ·~.â€ž,_ for any such breach or 6Li]t but shall be ir. schlitior to ellber 1 39),te tliat 'Iet12-r..By k.ave. It is e>:pres:J)' undeistood ar,fi ag,4126 that ~ l- prer,211,211 not be deemed in brtach of the lease for fai ]2Nkto pâ‚¬' rEÂ·nt wl.or. tlic fiilurtÂ· to pal' raid rEnt ir. tl.c r,Â·cult -M Te r,cnt': c]:crcics c,f thir right Cf ve'off.. APT] C 1- r Z.] 1 Arsionment anr >oblebyinc Tl.E TE:.Ant 11Â·e>- 8.5Sign, EUL]et, er,cum>,er, pledge or usE ar cc,1 1 a tera] in a r. y f a E !. i or, , the l e a f e c r a n y p=,rt Jor. o f the l. E E E i i Preniseh vithout the prior consent of Landlord. Ur.less 'Ier.ant obtains 1.andlord'$- written rcinsent to ariv of the foregoing, Tenant's obligations kiereunder 51.81] continuE ir, full forcE 2:,2 - effect in accordence with all the terms of this Leue. ART] Cl Â·'- ':]33 15&2-ility 3-.Euren:â‚¬ - Thi Ter.ant, et Li s own res : 27.5 expesâ‚¬ , E!,2.11 Froriff End w keey in full forcâ‚¬ for ttic ben< fit of the 7(ng':1 6:56 the Lahd }ord 1-t r,a,ed or additional insured 1 during t],e terr hereof C': a n)' extension or renewal period, general public liability insurance, insuriM against any and all liability, or claims of liability arising out ofâ€ž occasioned by or resulting from an accident or otherwise in or about the Leased Premises, for injuries to any c person or persons, for limits of not less than * ene--44*4440. Do*+e'N-Â¢44004Â·00-04 for injuries to one or more persons in any one accident or occurrence and for loss or der,age to the property , of any person or persons, for not less t},ari':'Or,c Million Doll:rr r +Al,Â¢*.,&fla) , The policy Or policies of insurance (or certifiute of ibsurance therefor), shall be is:ued by a company or compinier auth,rired to de business in this State and copi E-5 thereo! A,all be delivered to the I,andtord together with evidence Of the payment of tlie premiums therefor, prior to t),e commenceent of the term hereof or the date when the Tenant s!,al] enter into poeses:ion, whichever occurs later. The Tenant al Fo agrees to and shall save, Lold and keep harmless and indeninify 'f: the Lindlore], fron and against any and all payments, expenses, costs, attorneys' fees and from and egain51 any and all claims and liebility for 105525 or damage to property or injuries to ~e persons Decasioned wholly or in part by or resulting fron any â‚¬ acts w onissions t,)' tltâ‚¬ Tenant or tlit ye 1-, ant' s agentf, j employees, guests, licensees, in\,iteer, tubtenants, BEEighEEF Cr succe-ors, or for any cause or reason whatsoever arising out of or by reason of the occupancy by the Ter,ant and the conduct of the â„¢int'E business, except if due to the fault of Landlord. f * Five Hundred Thousand Dollars ($500,000.00) ** Five Hundred Thousand Dollars ($500,000.00) -6- .. BOOK 527 I,AgE416 ARTICLE XIV Holdin.9 Over If the Tenant shall, with the knowledge and consent of the Landlord, continue to OCCUpy tl,e Leased Premises after t),e expiration of the term of tl,is Leare, the Ter,ant shall become for 6Uch extension period a Tenant from month to month on the san,e terms as herein rtipulated fer the last month Of the term. ART]Cl,r X\' Landlord'E Lien The perties hereto understand and agree t),at in order to- secure- -payment of al ] Sums becoming due at any- time to Landlord hereunder and to secure the proper performancâ‚¬ and fulfillment by Tenant of the 7eriant'B agreements herein, Landlord hereby hes e security- interest in and first lien uper, all of the personal property Bnc fixturef Wl,i el, 'I'PLant t!,211 hereafter place, 0: permit to be placed in, upon, or about the lear-ed premi Ses. /r. tl,e event of default b>' Ter,ant under th:if 1.fan, the 1.aridlord s),al 1 1, ave a rig),1 to Ell of the BubjeCt piric,nal proper ty E :.6 - fi>:tures ar if Lanclore wc:e Â£ crefitor under tl,e Colorefc UnifornÂ» Co:-=ercial Code. VT, e: dition, in the event of default by Ter.ant under t),i 5 leasE, t),e 7triant hereby authorizes t!,6 Laridlord to â‚¬Enter upon thE Subject pres: s â‚¬ s art: to ren.c)Ve ard' tc, sell tl,t personal property ard fixtures whic:. are the aut4ect of t), i s lien. This action shall riot be deemed a breach of the peace. Tenent agrees to pay the reasonable attorneys' feeF incurred by the Land:]c,rd in the erent the Landlord must foreclost R...t upon the security interest and first lien granted by Tenant herein. foregoing notwithEtanding, Land.]ord ac-reef subordinate its Men to the ]3â‚¬11 of a ler,det raorict.ing financint t 0 7â‚¬ riar.t, i t E succespors and afficris. '..2,3 APT 7 C LE X\'] 1,1.,fil Mer!,aric' s Lit r: $- iii:; :3-4 1. Tenant shall not permit any mechanic's, materialmen's '35: 33% or other lien to stand against the Leased Premises or the let Building for work or materials furnished to the Tenant; provided, 43 that Tenant shall have the right to contest the validity of any Ar? lien or claim provided Tenant shall adequately defend any 617/ interest of Landlord from any prejudice thereby. 60*/. 2. lf Tenant sl,al 1 be in default in paying any charge for 46 .i.*R which a mechanic's lien, claim or suit to foreclose a lien ),as L.. 24 been recorded or filed, and *hal] not have defended Landlore's interests as aforesaid, Land]Ord may (but without beinc required .0.Â¥, to do 60) pay said lien or chin, and any costs, and the amounts ..:... so paid, together with reasonable attorneys ' fees incurred jr, eNV connection therewith, shall be immediately due and owing fronÂ· _r'. Tenant to Landlord with interest at the rate of twelve percent DI':aR 112V) per annum from the dates of the Landlord's payments. I .Z 8: 414'.te. &43.t 3. Should an>Â· claim or lien be filed or recorded against 19.042 the Leased Premises or Building or any action affecting the title 4%44, :.,f,M thereto be commenced. 7enant shall give Landlord written noticâ‚¬ .14 thereof in a timely mannex. *eL I â‚¬i. 9% Vt 4. Landlord shall have the right to go upon and inspect â‚¬1. 1.' the Leased Premises at all reasonable times, and shall havE the 4Â£ right to post and keep posted thereon notices such as those '09 44'. provided for by Section 38-22-105(21, ]973 C.R.S., or whic}, 4vJ/' Landlord may deen. to be proper for the protection of Land)ord': ~~ interest in the Leased Premises against statutory liens for labor Â·t and n,ateria:Is. , . . 800% 527 PAGE 417 ARTICLE XVII Damage to Leased Premises This Lease shall not terminate and rent shall not abate in the event of any damage by fire or other casualty to the Premises. Proceeds of insurance provided under Article VI hereof shall be held in an interest bearing account by an *agent to be agreed upon by the parties and disbursed at the election of Tenant for (i) repairs or replacement of the Premises or (ii) paid over to the Landlord at the expiration of the Lease. If the proceeds of any insurance are in excess of the amounts required to place the premises in not less than the condition they were in prior to suffering the insured loss, Tenant shall be entitled to any such excess. If Tenant elects not to repair or replace the Premises to the extent of said damage, Tenant shall be entitled to receive the interest earned on the insurance proceeds placed into said account as the same accrue. Nothing herein shall be interpreted to prevent Tenant from rebuilding, repairing or replacing the Premises to a condition which is better than the condition of the Premises at the time of the casualty. 05-- -8- ~BooK 527 PAGE 418 D.ht]1 apply only to-mxintenoner and repair of t),r leâ€¢tod Promiror br tht: Lor,dlord Â£13 required undcr t}.2 tcrrns-of tl.it Lestr-and 83,Dll not AFP]yto firc or -ea:ualty 10:cor ul.icL arc provided for +Tr-Â·Â·tÂ·he-eA, o vi c w etion r R f * 'Â· 4 r 1 ttiole AP7'] CLE XVI 1 J Tenant's 3nde-Lifiration of LertÂ¢]ord The Tenant s}iall asrsome Â£]1 liability for den,ages w].icl, may arist fron an>' accident which occurs in or about the Leased Premiset while tl,i 5 Leate is in force Except as otherwise provided by this Lease, incident to Tenant't use of the Prer,ikes. The Tener,t arries to na)'.e no clain egainkt the Landlord for or oh accour,t of any loss or dan,aff hy reason of 'iri or ot],er casualty (ir,cluding utility treakage Or mal furiction) EXCEÂ·pt es anticipatid by this LEasE and 68 may ble CaunÂ·5 by a Â¥1]fu] breach of ELy cf t),e Landlord ' s acreements hereof. T),f Lar,Elord Elial] n:,t be lial ]â‚¬ for daniage to peric':,al property ir. or about the leased property e>cept ar aforesaid. Thâ‚¬ Tenant shall seve the Lendlord hartless fron any liability or e>:F'En.5*Â· ariciric fror parser,2.1 injury Or propErty damageÂ· to Others in or about t),r LE Lfed Premiser while thif= LEÂ· LEâ‚¬ Or EN' rene'wE] or t>:tenfion hireof iF I , in force. : Li .5 1,;Ler., .1 f irition C 1 L UFL 5!,a]1 1:L,1 LE Con f triÂ· f te creatâ‚¬ any tight o: artier. or k.ayi, of clairr. on behalf of any third yart>' ageinrt eit!,el part>' }drfto ant s},al] not be 2 tky to Te Y. ant ' B clain,F agairist 1,ard]Ord if t),c dar:.e?e F towelÂ·t aTi due to the fault c: r.eglect of I.andlord, its agents or erplcÂ·ve+E. .. APTJCLT XIX Cove.:tint of Cuirt En,joyp-ent So lone as the Tenent is not in default hereunder eurint thi bareÂ· teri- hereof arn Â£ r. 3 rer.e,-2.: tr (XtenfiOY Le:tcf, the LanE)ort corâ‚¬56"15 that t:. Ler.int Ehal] pear<211> BLY quietly occu:y and â‚¬230) the 1:61,ti PrITiefF rubiert to the terr.& herâ‚¬rf. Tlie 1,at:i lord warra:t: 6 3-: c 821'â‚¬Er to defeng 11,â‚¬ title tc t),C 1,62665 PreriscE, end furt).er warrants thet it ):af N]] aut!.c kity to e>:ecute t].i E 1.esc. ARTICLE XX Waiver No assent expresSed or implied by the Landlord to any breach of any one or more of the covenants or agreements hereof by the Tenant O,all be deemed Or construed to be a waiver of any surceedinf or other breach. Furthermore, it is hereby corer,anted anc? agreed, any usage or eu!:tor to the cor,trary notwit],standing, tltat Landlord shall ],ave the rig!,t at al] times to enforct the covenant, and provisions of thiF Lease in strict accordenct with the terms hereof, notwithstandine any conduct or custom on the part o! the. Landlord in refraining from 60 doing at any tire or tinies; and further, that the failure of Landlord at any tin,e Or times to enforce its rig),ts under said covenants and provisions strictly in accordance with the same shall not be construed as having created a custom in any way or manner contrary to the 1 specific terms, provisions and covenants of this Lease or as having in any Way or n.anner m:dified thâ‚¬ same. ARTICLF XXJ Eminent Domain 1. In the event that the Building is taken in whole or in tnt tl,at Landlord (and Tenant if necessary) shall convey 811 Or rt by condemnation proceedings or eminent domain, or in thE -9- 6 .. goox 527 PAGE 41g e part of said Leased Prem.!seE in avoidance or in settlement of suc), condemnation proceedings, or t),reat of condemnation proceedings (either of which SE referred to hereinafter ag "the taking"), Landlord and Tenant herein agree as followi: 3 f t),e taking is a part of the Leased Premises, then from the time of taking of physical possession by the condemnor or proposed condemnor, the then rent payable hereunder sl.all abate in t),e ratio that the area of the Leased PremiEeb taken bears to the area of the Leased Premises before suc), taking; provided, Lowci>er, that in thâ‚¬ event 6 portion of Baid Leased Premises in excess of one-fifth (1/5) of the area thereof is taken, or if suel, takin9 Bl,all render the remainder of the Leased PremiseF unsuitable for the ust to which it 1,85- been put immediatel)' prior to such taking, tl,en et Tenant'& option this Lease 61,211 terminate. VhtÂ·ther condemr,atior: be for a part or the whole of t},e Le a st 2 r rer, i E e F , the award, F 8 1 Â£ price or amount received in settlement will be apportionef between Land)ord and tenant as follow Â£ : (a' First, to tliÂ¢ Landlord - Al] amounts attributablâ‚¬Â· to tkie value of tkie land and Building taken, with such lant and inpror'crÂ·ents to be valued u if free and c ] ear c: E.: ' 1 Sens ar.d encumbrances ir,cludiTAL- thi 5 1,824 , ar,6 21 i f in t},e BEMIC conditioL 2 5 81 thi Z i r.â‚¬ c f i.>. i c:t : or; of this Lease. CD) N t >t , tc t 1,â‚¬ 7 â‚¬:r. ant - Al] amounts attritrtable t cÂ· t.ltE valuE of any i n pl- 01' trhent f conftructed or. tr,6 Z.frased Pre:TiseÂ£ by 7er.ant and the market value of the Lea:E On said portior, taken. (c) rinally, to t)ie Lendlord - the balance of the award, if any. Any perfor. c: part)' C-lii: ag b> , throug!, or under Landlord or Ter,ant, respectively, sl.6.1 51:arâ‚¬ ir: any await, Falâ‚¬f proceeds or settlen:int enh' out of tlic pnrtic:. thelec,f allocated to the party 1-,v, thro.G!. 07 urifer w!;ic':, 1.'41Â·* Cle.in. 2. In thE event of the tekin? c f the /Le:E of thE Leased Premises, this Leaff shal] tt:ri.lt,t',6 End all oiligations of the parties te eack. 01-her here-under 52,&11 cease- upcr, the tal:ir:o of PhyEical p:ssession by the condentrter or proposed condemnor and the proceeds from said taking shall be allocated as set forth above. 3. In the event of the partial taking or condemning of the leased Premises hereinabove mentioned, and if in Buch event Tenant Boes not, pursuant to Lis rights hereunder, elect to terminate this Lease, the award n,ade to Tenant for such partial taking or condemnation shall be used for tlie restoration of first, the Leased Premises and second, the Building to the extent neress ary to render the same e con,Flete unit as nearly 65 postible equal in quality end as exi5ted prior to the taking, ARTICLE XX11 Default 1 1. The occurrence of any of the following shall constitute an event of default: le) Delingutncy by the Tenant in payment of rent unter this Lease for a period of ten (]0) 6856 from the G n da:e Euc), rent became due and payable. lb} Delinquency br the Tenant in the performance of or compliance with any of the other oblipations or V cmenants of Tenant contained in t}, i 5 Leage, for a M 712 . period of 30 days after written notice thereof fron 1Â£,dlord to Tenant. - 1 0- ' ROOK 527 PAGE 420 (C1 Filing by or against the Tenant in any court pursuant to any statute either of ttie United States or of any state, of a petition in bankruptcy Or insolvency, or for reorganization, or for tlie appointment of a receiver or trustee, of all or a portion of the Tenant'E property, if within ninety (90) days after the commencement of any Buch proceeding involving t},t Tenant such petition shall not have been dismissed. 2. h the event of default in non-payment of rent 86 defined ir, Paragrap!, ](8) above, this Lebst El,all automatically terrninate ort the date specified in Landlord'; thrcE (3) 06 y notice for payntent of the rent or surrender of possession of the premise& under Section 13-40-](4(6) (]973 C. R. E. ), if Tenarit failf tc pay such rent as dEmand in said notice. In the event of a default by Tenent under thâ‚¬ provisioni of Paragraphs ](k,) or 1 (c) above, this Leasc E!,&]l euton.atically terminate on the date specified ir, Landlord'E thief- (3) day notice thereof under Section 13-40-104(t) (197) C.R.S.). 3, Upon thâ‚¬ expi,Etion Of this Lease pursuant to the prectÂ·dir.? schparecrer!,, t).9 :enarit fhall K. â‚¬Â·acefully Furrender the Leared Preise: tcÂ· tl,9 Liric']crd, 6:.6 the Lar,flord ui-,or. or at & r i.Â· tinÂ·â‚¬ afle: EL'Â·' F Jr:. â‚¬>4 iration, rE)-,without furtlier notice, reenter t!.E Leased Frenifes and repO,Feff it by force, sumnary prOCiedi:,6 5, â‚¬jictrent 01 Ot),â‚¬ rwiE G , 6 rig may dispoffeBE ti,e Tenant 2-6 rinove the Tenast End al] other perfon! ant preperty fror t!.E leated Preri J EE, and ma )' hare, Lc,ld and enjoy the Le 85* 6 Prenise; ar,5 the right to receive all rental income therefrom. 4. At any tin,c after such e>:Firation, the Landlord may rElet the leased Pren-ists or any part t}.erec f, ir, t lae name of the Landlord 07 Otl,Erwi SE for suck, term (waa i 01, M 8 5 be gretter or 1 â‚¬ p. i theri the pe:iod whic). wÂ·cu ]6 OthEA'iEE LEVE ccnrtituted thâ‚¬ balance of lid t< rn r f the LeeEt) , Er:f such concLitions es tho Land 10:80 in thE LE:dic.:6'1 res!:,rath di: .re-tic.r., n.ay deter. 5:,c ant n,23 c:llect ane r<reive the rent f thâ‚¬rifror. 5. AL su:L expiretion Of thit 15&66 0,292 rElieve . !:i Tenant'E liebility ar.f cl.]igationy ur.der thiE 1,â‚¬aff, and su:L liability a:.R obliciticr.5 5411 Eurvivâ‚¬ anÂ· such e>airation. 1: the event 01 any such expiration, the Tenent shall pay to the Landlord tbe rent required to be paid by the Tenant up to the time of loch expiration, and thereafter the Tenant, until the end of what would have been the term of this Lease in the absence of such expiration, shall be liable to the Landlord for, and shall pay to the Landlord as and for liquidated and agreed damages for the Tenant' s default: 18) The equivalent of the amount of the rent Â¥ltich would be payable under thiE Lease by the Tenant if the Lease Were still in effect, 1eS5 (b) The net proceeds of any reletting effected por#U a y-,t to t},e provisiony of t),e preceding mbparagraph, after deducting all of the Landlord'E exptists in connection with such reletting, including, without limitation, all repossession costs, principals' time, brokerage commissions, legal expenses, attorneys' fees, alteration 005ts and expensef of restorinf the preists to their condition at the conrnencement of this lease if the Fame is comntercially reasonable. f, The parties agree that tinte 15 of th{ essence hereof. T},e parties furt},er agree- that if any payment or any other conditim hereof is not made, tendered or performed by eit},ex the Landlert or Tenant 85 herein provided, then this Lease, at the option of the party who is not in default, may be terminattd by such party, in which case the non-defaulting party may recover ~ such dazage s as may be proper. The parties acknowledge and agree -- . that Dometary damages may not be adequate to cure a default of -11- ill f nâ€¢-1 BOOK IM / PASE 421 tl,e terms and conditiony Of tl, i s Lease and agree t},at tl,e non-defaulting party may seek and secure equitable remedieb, including but not limited to t),e remedies of specific performance ; and injuncticnE. ARTICLE Xy]Il Notice 1. Al] notices to be given With respect to thia LEasE s},211 bt ir writing. Each notice ELe]1 be Bant by registered or certified rail, poÂ£tage prepaid and return receipt requested, to the party to be notified et the addres-< set forth ),erein or tt such othâ‚¬r &65:ey, Es either perty nby fror time to tine designate ir writ:ne. 2, Ivery nutire 61,2] be deemed to have beer, given three days after it i: deposited ir. the United Stater mul in tl,l rhanner Fr Esc r i b., E f ht rei L . Nothing contained herein shall bt construed to py<flude personE] service of any notice in thE rrasner p:â‚¬$:ri':Â·fi for pcÂ·rE:,sal seri'ice of a Fer.mons or other legal PYc:ers. 0.-7 :CLE >:>; 1 V ty:enEES of Default; Attorneys' reer In_thâ‚¬ eve:.t either party is reguired to retain the services .: of an attorney u law for the purpose of enforcing Â·any provition Â£ or rigl,t Le:â‚¬2:.for or ir, any Way related hEreto or arising herefron., thâ‚¬ defeulting par ty co ven ants and agrees to pay the non-defaulting I irty' s roftf and expenses related to t},e enforcement c, f t?.i f 2 grâ‚¬ ES:Ent, including but not limited t c, r realtonalle atter,0â‚¬75' fees incurred thErtin h), thE t.:,n-dE:Ye.ultiT.ct party. H th,: ritter proctÂ·eff tr, 1jtifetion and both partift a.< r four,d t[ bE iL default ir their ChligE-tion~ ariFine fro: thit Â© afreenert , thi 1 4-rtiey' 2 Met t!.al thâ‚¬ iudi:â‚¬ 12:isidir:c over th< litipaticÂ·:. r..al. chirac ent : 7 b:t]. parties wit!, e 71 or eny pertich $ 1/ C,f tl,t al.-e:Â£â‚¬ F Â£:ty'E re Zy:AL Ne ettorneys' fee:, Mit chargc te :.64,; be k.,ased uyÂ·:.:, the relativt pe.,crity of each party'f default End r.-4 such other factors as the jurige may deen appropriate. (.,t ARTICLE XXV Right of Landlord to Enter Premises & Lentlord 09 its agents Or employees may enter upon the 4 Leased PrErises at any reasonable times during tl,e term of thic Leasâ‚¬ wit}. reasonable notice to Tenant or without such noticeÂ· if Â« it is dee:ed nece!,sary by Landlord for protection of the premiseE or of adfc.inin? arear in the Building. Yenant understands that '4,1 LaridlorÂ¢ rr.' fron tinte to time need to enter the premises to r.,a).â‚¬ I ~..1 repairs ant in so doing may cause an interruption to Tenant'B 9.1 business. Damages for interruptions that materially interferer Witlâ€¢ 76:,ant' s butine.=s Bliall be restricted to an abatement of W rent for such period and to the extent of the deprivatioL of *â€ž1 Tenent'& use of the premises. Landlord slim 1 1 use its begi l. i,tÂ·i Itt Â· efforts tc cause at little interruption to Tenant's business as ..#ti'.. is pospible under the circumstances. '1 'Lh a* ART] CLE X.n'] 4 Pemedies Cumulative 2, >f the remedies hereinbefore given to Landlord and all .arÂ· 4 / remedies given to 1.andlord by law or equity shall be ...4. mulative and concurrent. 3â€ž.. r4 -12- BOOK 527 PAGE 422 ARTICLE *XVI] Severability/Conaruction lf any clause or provision of this agreement is found to be illegal, invalid or unenforceable under present or future laws effective during this agreement, then and in that event it is the intention of t)ie partiep thereto t),at the remainder of t),is agreement *Lall not be affected thereby, and it is also the intentior. of the parties that in lieu of each clause or provifion of t!,is agreement that is illegal, invalid or unenforcealle, there be added as pbrt of this agree:,ent 8 clause or provision as similar in terms to E.Ual, illegal, invalid or unenforceable Clause. or provision as may be possible and be legal, Valid and enforceable. 71,e partief further represent tliat the provisier.F of this NE:eenient Worâ‚¬ reÂ·viewed and approved by the partieE End their IC:Epective couns.â‚¬ 1 ant ti,E partief agree t)â€¢at 11.i f agreement 21.61] not be construEE either for or against either party as a refult of the dr6fting of the agreement. ARTICLF XY'.':: 3 Gendery PR,Erâ‚¬ heceffbry tc Carry Out t!,E meaning hereof, tl.4 singular E!.211 ness iLE Flural, ty.E Flural the singular, and any pender aftly to al] genderf. - ARTICLE YX:X . - Descriptive yeadinvs T},c dcscriptivt headinos of this LeaKE Ere inserted for conver.ier,rc ir referencE only ark 2 not in e.y way lin it or amiÂ·lib 11.c terms er.f TrovisionE ),entÂ·f. APT ]CLF >XE NE rge; C] EUF C This Lease, the Summary of Business Terms attached 1,ereto and the Exhibits constitute the total understanding of the parties with respect to the subject matter hereof and no roodifications thereof may be made except by a writing signed by both of the parties. Ak; 1 CLE Xy-X: 1 -'i' Â·1~': I 4.Â£ tounretrt~~*ji ..jk: .6 Â·- b , fwir.:te~j n Â»*~44**WA.1. C.lia/.4 -1 2 be exicutedl :simultaneously Fin two i or.-4 mor,eb: â€ž6.'4.,4#id j ~***PÂ· ts*,Mamt.Mâ€ž,4:4.0~Ior Mâ€¢ielâ€¢f â€¢.1~ : b#fla.Imi.ad,~InÂ¢}or#gin.14&*bR 1.6<rl ~ ~.e,NA s.,r:Abw,i:.45**â€ž*t.*t:u.*11?Ao-#1*ufe ~0-f.*04*b~1*.4491**trum,R~ #6:*V ..ff:11': .''I-3.. j 12.4.. f.'.rjy~ ~,At . ' S.Ji.*t?%#32:Â·:i: 0 ~:iÂ·:; :42(f Al<*.1.My:'Â·Â·'.4..~ . .1 This Le,Be and all agreements herein contained slianTWR,CM*t~ t'lle parties hereto and their l,eirs, perional representativel A.T.,Im/*41:al/Mi ccessors and assigns. ..:~~ I .I~ ~i...fil :#fr-(Â·ru '* ~ .:Â·Fle,0. 1 4 .1 ;42 . i %23-Â· 1 ht..2,7 -13- .. BOOK 04 1 PASE#2~ ARTICLE *XX112 Additional Provislons .. Any exhibits, addendums or additional provisions and signed by the parties hereto are hereby incorporated into t},i, Lease Agreement by thi: reference end constitute additional terms, conditions, consideration and repretentations by the respective parties and are relied upon by tl,E pbrties in entering into 11,35 Lease Aveen,ent. Any brebc), of the terms and conditions of any D.hibit or bny rt,Ate:'ia) rciErepreentbtion in any Exhibit 64]] coristitute a breach of this Leafe Agreement. IN WITNESS WHI~RI'OF, the Landlord and Wer,ant have executed thir LE aFE or, the day er,d yâ‚¬ar first above written. LANDLORD: TENAU : HOP}:]KS 57+.rET INVI-FTNE!27 Colorado Cable Ccnrany , a Coloradc, COMPANY, e Colorado general corporatic>r, partnership 74/1 A OR.9 P V: b<lu i (7' 1' I .-/ (:Stle' U f. 94.G f'ta< ;ilÂ·; 2 -14- u i 1,76Â· -3 -..6.9.-9*Â«fh-t-- 7 2 Vooic 527 PASE 424 EXHIBIT 'A" SUMMARY OF BUSINESS TERMS This Summary of Business Terms is an Addendum to and part of 8 certain Lease made by and between Hopkins Street Investment Company (Landlord) and Colorado Cable Company (Tenant). 1. Leased Premjees. The leased premises are described as follows: Lots A, B, and C, Block 94 City and Townsite of Aspen, Pitkin County. Colorado ~Dece,-18643<3,01*.Rental Term. The initial rental term shall commencE on Janu ty -1, 1987,- and terminate on December 31, 1991, thereby running for e period of five years from the commencement of the initial term. The Tenants shall. have the right to renew the Lease for five (5) additional five (5) year renewal terms, provided that the Tenant shall give the Landlord not less than ninety (90) days notice in writing of its intent to renew this Lease before the end of each renewal term or with respect to the commencement of the first renewal term, within ninety days of the expiration of the initial tâ‚¬rm of the Lease and further provided that at the Â·tirrte of givirig notice, that the Tenant shall not be in default in any of its obligations pursuant to the Lease Agreement. In the event Tenant does not give Landlord the above notice to renew this least within the ninety (90) day period provided above, Landlord shall first give Tenant three (3)days written notice of Tenant's failure to so notify Landlord of its intent to renew the lease and an Opportunity to provide Landlord with notice of Tenant's intent to renew this lease within said three (3) day period, before Tenant shall lose its right to so renew the lease. first year /of the 3. Minimal Annual Rent. The annual rental for the/initial tern, of the Lease shall bt 895,000.00. The rental shall bâ‚¬ payable monthly e:cording 1,0 the following schedule: December through June, S10,000.00 per mor,th inclusive July through November, 65,000.00 per month inclusive Rent shall be due and payable on the first day of each month during the term of this Lease. Rent shall increase over the term of this Lease in accordance with the provisions of Article III of the Lease. * 4. Rent Payment. The rent shall be delivered to P.O. Box 609, Glenwood Springs, Colorado 81602 as agent for the Landlord or at such other place as the Landlord may notify the Tenant in writing from time to time. 5. Business Purpose. The Tenant may use the Premises for any lawful business purpose. 6. Notices. The address to which notice is to be sent to each party is as follows: Landlord: Hopkins Street Investment Company P.O. Box 609 Glenwood Springs, Colorado 81602 Thereafter the annual rent during the initial term shall be $120,000.00 payable in equal monthly installments of $10,000.00 each. _l 41=2 -15- ' 8001 527 muE 425 Colorado Cable Company Tenent: t/0 Jerald Barnett fO 8 o i 4557 Abo"o, 00.2/611/' - 1 2 With Carbon Copy To: Herbert S. Klein, Esq. 20 J Nortl, Mill Street, Suite 203 ' Aspen, Colorado B]61] 7. Fight of rirft Refusal. Landlord hereby grants to Tenant e right of lin.t refusal to purchase the building in Â¥Lic), t),e leased pre,T i 5e F are located upon t}le Fame termp and conditiou u arc set forth in 8 Lonb fide offer to purchast fror a third party. 18 th< event Landlord slial] receive a bona fidE offer to purchafe all or any portion of the Building in whiTt, the leased pre-icer are located and if Landlord arceptf Euch offer, Lanâ‚¬]ort Ft,2 ] ] irbediat Ely_ r.c,tify Terthnt of 16 id offer a T,6 provide TE r.ant with b true cop>' of said offer. Tenant shal] have twenty 170' dayf fron 9-en,int'E receipt of Eaid offer to elect tc exe,rift its rights te pure}.aff according to the GarrÂ·e terms ar.- COLditions ef Conlaine-i iL faid offer te purchaff. Ter,ant El,all notify 1.enflcrd r.ct late: than tl,( 2)t}. day irc>r OET,Ent'E receipt of faid Cffâ‚¬: tr, purria,c r,f '16:.ant'E ele:-ticÂ·r. 856 Shall Clcfe up:,5 t].6 62-Â·e terr F End conditiC:,5 85 set forth ir. said offe,y to purchan, F:cÂ·videÂ£ th&--, ir. the event Â£Eid offe to purchast }.85 a clc,si.79 cite which, bs reurE of the twenty (20) deyf 9ranted tc Tenant ].fre'under 35 an irprActical closir.9 date for reasons .cu CL - as, without linitation, neetinq thE- ..tern.E of a financing contingency or affurption of financing provision of said offer, then, in suct, event, said C]Cling shall be e>:teLied to a mutually convenient and ria,snatlf datâ‚¬, but riot later thar, ninety f.6(.1 deyi: fro- tlic date of ni d closing e Eet fort}. in the offer to purchase. 7),e Fartic: 291-636 t),Ft ejthe- thie entire 1.eegâ‚¬ 02 e . :r memorandur Cf this Le e pi aTic ,' C-. 7- r i 91,1- of firft refusal, record&51â‚¬ fern, 31.all 1,Â£ p]Â£ red c.f record jr 'll.f real prey,Ut> recerds of titkir. Cc,U-,ty eLf the pertits ELE]] CC,Di-,frate ir. itf execution. For purp:Â·Sef Cf thi n:,tire 5:rc'.'ifio:, refâ‚¬rred tcÂ· herdr., 'h:.ant ELE]] be dEENE tc have reccivcd Eaid notice o:. the third day after mailir.9 a true copy of Mid [fity to purehe n to 'reriant ir the United State, E.Li]F, p:Drte,qâ‚¬ prepaid, CertifitÂ¢, return receipt requested, or, on the date that such notice and offer to purchase is personally delivered to the president of Tenant, and duly authorized and attested to by D certificate of personal delivery. Upon termination or expiration of this Lease, if the right of first refusal im not exercised. Tenant will record, forthwith, a release of this right of first refusal. 8. The parties agree that they will execute any further documentE or instruments af neceysary to carry out the intents and purpopes of this lease Agreement, all as provided for in the Lease Agreerrient end rxl,ibit A thereto. LANDLORD: TEKANT: HOPKINS STREET INVFSTMrt.'7 Colorado Cabli Cleany , a Colorado COMPANY, a Colorado general corp67* ion partnershir hvh~(16)lluM ( (,hille) (wit]â‚¬1 -U C, I -16- Â· -.%'2ht- Â· : 49 -â€¢ M lc< 8.16,21 3Â·/ '9. t. i. i -p ,- -I' -'i.'- -1. -- -~- - -r -- 4- 4 ~ ~~F FT'- -4 , 2 3 T,n 2 2- Trt/T,b~ 4'-147- 7 ' 3*4- / /Â· 0%. 1* Lf. *Â· â€¢ -4 . -3.6- NVE 92 UK) U tc / 1/Vilm~:1.*$19 d -- . 8,211 '111~ F j - 4 i %1/4 , all - --1.-111%~ 9,1 j 4 1.'Elli 4// \\. .\ .11.1~ -E -11 -4 1. a 1~7* -gE -..illin/9 - â€ž~il. ./ It -1--1 1 - - 1 ~1 ~ 1- ----- ----------------=Ij . -1.-4 +,IF- 11 1 V i i . J / 11 1 " 1 U j 1. 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VIV Uloils'V UeAS UDIsea JOLIewl Â· e cIÂ¥!) 5[III :t@*r: 0 ..0 0 0 0 0 41 I ..4 1 43, a 1% 1 - 9 :55 4 1 001 M / 0.10 . 2 01 1 00. - _-1 -2<15[1HGN --13UILOIH* 1 5174 FC 21 SERVICE BUM .O 9 Up - ' STOIS64 a ~Cm . . - V# I 9: 4 <3 - 1 ---- 1- 1 00 1 1 UN) 1 E NXISTINe 6'ASEMIENT IVECÂ« RooK/1 -91-011 ST C DOMESTIC NATEâ‚¬) -- N/-- 0 .A CRAWL S=ACE -= 1 E--i .*I-- p-.9 <0 11 1 1 1 1 41 I.. 4 2 FUTURE ' MECE RODIVI El-EV, - ERUIPMT . OSS#Ce trATINÂ© CTVS i AYDRA UL'O K 7 1 X 1 TUL_N _ L C2 1 Â® / U)< 1-__ UNEXCAVAT ED t Â· i ; 55 1 Â®10 FE I ELE V. 91Th rw 1~ j - Â© 04 12Â£324,91 * 5Â«SEMENIT FLOOR PLAN' ~~~ NORTH 1/411 = 11-oil ~' - 4 4 NO-TE; 1Â°LAN LAYOUT- 7Â»15 LEVEL SUBJECT TO DESIE,NI REVISION - f REQUIREMENTS Ef MIEGAANIGAL./ BLEETRiGAL 5ugÂ©ONTRAG*095, t.: 4 , 4) - i/4..1 HFC SUBMITTAL- 28 JAN 92 l.al ' le 1,1. 1 I. einjoe, 00480100 ' Ng - . .. . , . 1 p *t â‚¬ Pr- .' 1 6 + E 0 1 0 1 4 1 i 1 1 .Jf; ! i + 1 1 ' 1 1 1 1 , I t , 1 !'' 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