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event Tenant should refuse to execute and deliver said statement and /or certificate, Landlord shall have the right to cancel this lease by giving Tenant an additional ten (10) days notice in writing, whereupon this lease shall be of no further force and effect. ARTICLE XXII TITLE Landlord covenants and warrants that it has full right and authority to enter into this lease for the full term thereof. Landlord further covenants that Tenant, upon paying the fixed minimum rent, percentage rent and all other charges provided for herein and upon performing the covenants and agreements of this lease to be performed by said Tenant, will have, hold and enjoy quiet possession of the leased premises. ARTICLE XXIII CONDITION OF PREMISES Tenant shall take the Premises in an "as is" condition; provided that Landlord shall spend up to $6,000 for repairs to the roof covering the leased Premises prior to the Lease Commencement Date. Tenant, at its sole expense, shall be responsible for improvements or costs not expressly indicated in this Lease to be the responsibility of Landlord or that are not able to be completed within the budget for tenant improvements contemplated by Article V, including but not limited to installation of new carpet, bathrooms, drapes, HVAC, wall repairs and wall coverings and additional electrical requirements as required by Tenant. ARTICLE XXIV COMMENCEMENT AND TERMINATION PROVISIONS Section 1. The term of this lease shall commence on the Iease Commencement Date set forth above. Thereupon this lease shall be considered in full force and effect and the obligation of Tenant to pay rent shall commence. Section 2. In addition to the termination remedies set forth in Article XIII above, this lease shall terminate immediately in the event Tenant ceases to be licensed as required by any government authority to operate a bingo parlor or in the event Landlord, or any successor to the Landlord, ceases to be licensed to operate a bingo hall. Landlord may also terminate this Lease at any time upon thirty (30) days notice to Tenant in the event that Landlord, in its sole discretion, determines that for any given lease year the rental income from the Premises (based on reductions in the numbers of tenants or the number of sessions to be held or for any other reason including but not limited to maximum session or operator requirements imposed by state or local law) has or will decline to less than the Fixed Annual Minimum Rent. In addition, Landlord may, for any reason, terminate this Lease as of the end of the day prior to an annual anniversary date of this Lease by providing written notice of termination to Tenant not less than sixty (60) days prior to the preceding anniversary date (for example, assuming a Lease Commencement Date of November 1, 1993, if Landlord provides termination notice to Tenant aadoff wp\mkpleaa.2 19 Page 30