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LICEle1SE AGREEMENT <br />THIS AGREEMENT, made as of the day of 2006, by and <br />between The Mt. Vernon Square Company, Ltd., 6690 Beta Drive, Mayfield Village, Ohio, <br />44143 (hereinafter referred to as "LICENSOR"), and Mayfield Village, Ohio an Ohio Municipal <br />Corporation, 6622 Wilson Mills Road, Mayfield Village, Ohio 44143-3499 (hereinafter called <br />the "LICENSEE"). In consideration of the performance and the observance of the conditions <br />hereinafter contained and other good and valuable consideration, the Licensor and Licensee <br />agree as follows: <br />1. Licensor does hereby grant to the Licensee the right to construct, maintain, patrol, <br />and use the premises for an all purpose, non-vehicular public hiking and biking trail, and related <br />purposes, being located as shown on the drawing marked Exhibit "A", (collectively referred to as <br />the "Premises"), attached hereto and made a part hereof. <br />2. This License shall be in full force and effect for a period of one (1) year <br />commencing as of the day set forth above and ending on the 31 St day of December 2006 <br />("Term") and shall continue on a year-to-year basis thereafter until canceled by either party by <br />ninety (90) days' written notice. <br />3. Licensee shall have the right, as its sole risk and expense, to use the Premises <br />under such terms and conditions as it deems necessary and to allow the public to use the <br />Exhibit A