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5. Compliance with Laws. Licensee shall not commit or permit any act to be <br />performed on the License Area or omission to occur which will be in violation of any statute, <br />regulation or ordinance of any governmental body or which will be in violation of any insurance <br />policy carried on the License Area by Licensor. <br />6. Assi ng ability. This Agreement, and the License herein granted, may not be <br />assigned or transferred to any third party by Licensee without the prior written approval of <br />Licensor. <br />7. Term and Termination. This License shall be for an initial term of ten (10) years, <br />and may only be terminated during the initial term by Licensee or by written agreement of the <br />Licensor and Licensee. Following the initial term, this License shall remain in effect until <br />terminated by either party. Licensor may terminate this agreement after the initial term upon <br />ninety (90) days written notice to Licensee. Licensee may terminate this Agreement at any time, <br />upon written notice to Licensor. Licensee shall remove all of Licensee's property from the <br />License Area and return the License Area to its existing condition by the effective date of a <br />termination. <br />8. Miscellaneous Provisions. <br />a. Notice Addresses. All notices shall be sent by registered or certified mail <br />addressed as follows: <br />Licensor: Housing and Redevelopment Authority of <br />the City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Licensee: Elk River Municipal Utilities <br />13069 Orono Parkway <br />Elk River, MN 55330 <br />Either party may, by such notice, designate a new or other address to which notice may <br />be mailed. <br />b. Governing Law. This Agreement shall be construed in accordance with <br />and governed by the laws of the State of Minnesota. <br />OA <br />