LCCCA.com MEMORANDUM OF LEASE
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1 Prepared By: Richard Goldberg, Esq. Ballard Spahr Andrews & Ingersoll, LLP 1735 Market Street, 51St Floor Philadelphia, PA (215) Record and Return To: Eileen M. Christian, Esq. Land Services USA, Inc. 22 N. Church Street, Suite 100 West Chester, PA Ext. 2 Parcel ID's: Part of: ; ; ; ; ; I This Document Recorded Doc Id: /30/2007 State RTT: 0.00 Receipt *: :53PM Local RTT: 0.00 Rec Fee: Doc Code: 06 Lancaster County Recorder of Deeds Office III III III III MEMORANDUM OF LEASE
2 Prepared By and Record and return to: Richard Goldberg, Esq. Ballard Spahr Andrews & Ingersoll LLP 1735 Market Street, 51st Floor Philadelphia, PA MEMORANDUM OF LEASE This Memorandum of Lease is dated as of 2007 and is intended to be recorded in the Office of the Recorder of Deeds for Lancaster County, Pennsylvania pursuant to the provisions of2l P.S. 404 etseq. (2001). LANDLORD: TENANT: LEASE DATE: DEMISED PREMISES: LEASE COMMENCEMENT DATE: The Lancaster County Convention Center Authority P.O. Box 1622 Lancaster, PA Penn Square Partners 1853 William Penn Way Lancaster, PA March Approximately 14,851 square feet as more particularly described on Exhibit A attached hereto and made a part hereof. The Commencement Date of this Lease shall be the date of issuance by the applicable governmental authority of a certificate of occupancy (or comparable evidence of completion) for the Demised Premises. RENT COMMENCEMENT DATE: Same as the Lease Commencement Date. DMEAST # vi
3 LEASE EXPIRATION DATE: TENANT'S RIGHT T 0 EXTEND! RENEW: TENANT'S RIGHT TO PURCHASE: TENANT'S RIGHT OF REFUSAL: Ninety-nine (99) years from the later of the Lease Commencement Date or the first day of the month immediately following the month in which the Lease Commencement Date occurs if the Lease Commencement Date does not occur on the first day of the month. None. None. None. In addition to those terms referred to hereinabove, the Lease contains numerous other terms, covenants and conditions which affect the Demised Premises, and notice is hereby given that reference should be made to the Lease directly with respect to the details of such terms, covenants and conditions. This instrument does not alter, amend, modify or change the Lease or the exhibits thereto in any respect. It is executed by the parties solely for the purpose of recordation in the Office of the Recorder of Deeds for Lancaster County, Pennsylvania, and it is the intent of the parties that it shall be so recorded and shall give notice of the Lease and exhibits thereto and all of its terms to the same extent as if all of the provisions of this instrument and the Lease were ftilly set forth herein. In the event of a conflict between this instrument and the Lease, the provisions of the Lease shall prevail. [Intentionally blank, signatures on following page.] DMEAST # vi 2
4 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Memorandum as of the day first above written. TENANT: PENN SQUARE PARTNERS, a Pennsylvania limited partnership By: Penn Square General L.P., its general partner By: Penn Square General Corporation, its general partner By: LANDLORD: arkc aid utive Vice President THE LANCASTER COUNTY CONVENTION CENTER AUTHORITY By: Te Darcus Chairman DMEAST #
5 COMMONWEALTH OF PENNSYLVANIA COUNTY OF SS ON THIS, the of March, 2007 before me, a Notary Public, the undersigned officer, appeared Mark C. who acknowledged himself to be Executive Vice Square General Corporation, the general partner of Penn Square General L.P., the general partner of Penn Square Partners, a Pennsylvania limited partnership, and he, as such officer, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by himself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. COMMONWEALTH OF PENNSYLVANIA COUNTY OF Notary My Commission Expires: Seal Kefly L. Roeder, Notary Public Lempeter Twp., Lancostor County My Commission Expires May 8, of ON THIS, the day of March, 2007, before me, a Notary Public, the undersigned officer, personally appeared Ted Darcus, who acknowledged himself to be the Chairman of The Lancaster County Convention Center Authority, a body politic and corporate existing under the laws of the Commonwealth of Pennsylvania, and he, as such officer, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by himself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. SS dil) Notary My Commission Expires: COMMONWEALTH OF PENNSYLVALLA Notarial Seal Kelly L. Roeder, Notary Public East Lampeter Twp. Lancaster County My Commission Expires May 3, 2008] Member, Pennsylvania DMEAST #
6 Exhibit A The following premises located in the condominium unit known and designated as the "Convention Center Unit" in that certain Declaration of Condominium of the Penn Square Hotel and Convention Center, a Condominium dated March 2-1)2007 made by Landlord and the Redevelopment Authority of the City of Lancaster, collectively as declarant (the "Declaration") which Declaration has heretofore been submitted to the provisions of the Pennsylvania Uniform Condominium Act, 68 P.S.A , et seq., by the recording of the Declaration in the Office of the Recorder of Deeds in and for Lancaster County, Pennsylvania on IIA 28', 2007 as Instrument No. Ballroom A Level** Ballroom A 8,855 square feet Mezzanine Board Rooms (3) aggregate of 1,968 square feet Additional Meeting Rooms(2) aggregate of 1,100 square feet Business Center 480 square feet Meeting / Administrative Level** Meeting Rooms (3) aggregate 1,968 square feet Breakout Room 480 square feet ** Subject to revision upon completion of construction of the Project DMEAST #
7 SSV-153 5$ COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OP REVENUE $UIIAU OP INDIVIDUAL TAXIS DEPT HARRISBURG, PA RECORDER'S Complete each section and file in duplicat. with Recorder of Deeds when (1) the full value/consideration Is not set forth in the deed, (2) when the deed Is without consideration, or by gift, or (3) a tax exemption is claimed. A Statement of Value is not required if the transfer is wholly exempt from tax based on: (1) family r.latlonship or (2) public utility easement. If more space is needed, attach additional sheet(s). A CORRESPONDENT - All lngulrl.s may be to the following person: Name Telephone Number: Land Services USA, Inc. Area Code ( Street Address City State Zip Cod. 22 North Church Street West Chester PA B TRANSFER DATA Dat. of Acceptance of Document March 29, 2007 Grantor(s)/Lessor(s) Lancaster County Convention Center Grantee(n)fI.sosee(s) Authority Penn Square Partners Street Addr.u 8 North Queen Suite 1102 Street Address 1853 William Penn Way City State Zip Code Lancaster PA C PROPERTY LOCATION of Unit No. 1, Penn Sq. and Convention Center Condo ONLY City State Zip Code Lancaster PA City, Township, Borough Lancaster City County School District 171 3;24605;22201 Lancaster Lancaster and D iactuol Cash County Aui VALUATION DAI EXEMPTION DATA E to. Amount at exemption claimed 100% ownership interest in the real estate transferred. Under penalties of law, I d.ckr. that I e examined this Statement, Including accompanying Informaffon, and to th. best a f my knowledge and belief, D Is true, correct and corn te. Signatur, of Correspondent or Respond Party Date Services USA, Inc., By: REALTY TRANSFER TAX STATEMENT OF VALUE See Reverse for Instructions 1 b. Percentage ot Interest Conveyed 100% 2. Check Appropriate Box Below for Exemption Clalmed Will or intestate succession Transfer to Industrial Development Agency. (Name at Transfer to a trust. (Attach complete copy of trust agreement identifying all beneficiaries.) Stats Tax PaId Book Number Dot. Recorded Transfer between principal and agent. (Attach complete copy of agency/straw party agreement.) (htct. Fli. 0 Transfers to the Commonwealth, the United States and Instrumentalities by gift, dedication, condemnation or in lieu of condemnation. (If condemnation or in lieu of condemnation, attach copy of resolution.) 0 Transfer from mortgagor to a holder of a mortgage in default. Mortgage Book Number, Page Number 0 Corrective or confirmatory deed. (Attach complete copy of the prior deed being corrected or confirmed.) o Statutory corporat. consolidation, merger or division. (Attach copy of articles.) Other (Please explain exemption claimed, if other than listed above.) a transfer from a nonprofit industrial development authority to a grantee purchasing directly from it where the authority has the full March 29, 2007
8 Realty Statement of Value - Memorandum of Lease Tax Parcels for the area known as Unit No 1, Convention Center are as follows: $76, Parcel No $243, Parcel No $56, Parcel No $79, Parcel No $203, Parcel No $659, TOTAL The premises being leased is the Ballroom A of Unit No 1, Convention Center = 9,145 square feet or % of the total area of Unit No 1, Convention Center (251,775 square feet) Prorated assessed value of Ballroom A: $659,900 x = $23,968.95
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