121-25 License Agreement with Pro Media for Use and Operation of 10 Rooney Circle - 4-22-2025.doc.pdf

REVISED 4/22/25 2 4838-7229-1223, v. 2 Formatted: Font: Bold Formatted: Right 4. Licensee's Use. Licensee shall use the Premises for film and/or television production and post-production and related uses. This License Agreement shall not include any rights to film on the Premises nor is the same permitted without a written addendum to the agreement executed by the Township and Licensee and Licensee in conformance with all requirements of any local ordinances and applicable other laws. 5. Fee and Insurance. A fee shall be payable monthly beginning on the 1st of each month for the term of the license in the amount of $3,750 inclusive of all utilities.1 In addition to the Fee, Licensee agrees to maintain public liability insurance naming itself and Township as named insured in an amount not less than one million dollars ($1 million) per occurrence and three million dollars ($3 million) in the aggregate. Licensee shall provide Township with a copy of same and renewals thereof not less than thirty (30) days before the date on which the insurance expires. 6. Usage. Licensee shall have the license for use of the Premises during the term of the Agreement subject to the following conditions: (i) Licensee shall not interfere or use any portion of the Premises except those outlined herein and contained in Exhibit “A.” 7. Licensee's Care. Licensee will commit no act of waste, will take good care of the Premises, and will comply with all laws, regulations, rules, and orders of any federal, state, or local government agencies or departments. Licensee will not abandon the Premises and will do nothing that could increase the cost of Township's fire or public liability insurance. 8. Repairs. Township will make all necessary repairs to the Premises at Township's expense except when the repairs are needed because of misuse or neglect by Licensee or by persons under Licensee's control or on the Premises at Licensee's invitation, in which even, Licensee shall make those repairs at Licensee's own expense. 9. Improvements. Licensee shall not alter, add to, or improve the Premises. Any improvements made by Licensee that constitute fixtures or cannot be removed without material harm to the Premises shall be Township's property upon installation. All of Licensee's personal property shall be removed by Licensee before the termination of this Agreement. Licensee, at the same time,

m to the Premises shall be Township's property upon installation. All of Licensee's personal property shall be removed by Licensee before the termination of this Agreement. Licensee, at the same time, shall repair any injury done to the Premises in connection with the installation and removal of the improvements and the personal property. Licensee shall surrender the Premises in the same condition as they were at beginning of the term, reasonable wear and tear and injury caused by conditions or events beyond Licensee's control excepted. 10. Abandoned Property. All of Licensee's property remaining on the premises after this Agreement terminates shall be deemed abandoned and the sole property of the Township. 11. Services. Township shall provide utilities to the Premises, including heat, hot water, electric and gas, if any. Township agrees to maintain the electrical, plumbing, HVAC and structural systems on the Premises. 12. Damage to Building. If the Premises are damaged by fire or any other cause, so that the cost of restoration, as reasonably estimated by Township, equals or exceeds fifty 1 This amount will be deemed paid for the period June 1, 2025 through August 31, 2025 upon clearance of the funds referenced in paragraph 1 herein. Deleted: 3,000