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<br />. <br /> <br />. <br /> <br />. <br /> <br />3. <br /> <br />Term of License. The license granted herein shall commence on the date of this <br /> <br />Agreement and shall terminate upon the occurrence of either of the following: <br /> <br />a. Immediately upon discontinuance of Licensee's use of a portion of the <br />Property for the purpose of a Boys & Girls Club; or <br /> <br />b. 30 days following delivery by Licensor to Licensee of a written notice <br />revoking the License. Licensor reserves the right to revoke the License <br />granted herein for any reason. <br /> <br />4. Payment. In consideration for the granting of the License, Licensor shall receive <br /> <br />$1.00 and other good and valuable consideration, the sufficiency of which is hereby <br /> <br />acknowledged. <br /> <br />5. Indemnification. Licensee shall release, indemnify, hold harmless and defend <br /> <br />Licensor from and against any and all claims or causes of action for personal injury, for any loss <br /> <br />of life or for property damage arising as a result of Licensee's use of the Property pursuant to this <br /> <br />License. <br /> <br />6. Assignability. This License may not be assigned or transferred by Licensee <br /> <br />without the written consent and permission of the Licensor or its successors in interest. This <br /> <br />License may be assigned or transferred by the Licensor without the consent of the Licensee. <br /> <br />7. Notices. Any notices to be given under this Agreement shall be given in writing <br /> <br />by depositing the same in the U. S. Mails, postage paid, addressed to the parties at the following <br /> <br />address: <br /> <br />If to the Boys & Girls Club of Elk River: <br /> <br />[address] <br /> <br />If to the City of Elk River: <br /> <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Attn: City Administrator <br /> <br />- 2 - <br />