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4 Page 9 12. It is understood by the Lessor and the Lessee that this renewal lease is made to comply with the terms of Section 1608 of that Lease Agreement dated October 24 , 1960, and shall only become effective at the end of the term of said lease at the option of the Lessee upon written notice to the Lessor not less than six months prior to the end of said term. 13. In the event that during the initial term of the Lease Agreement heretofore referred to, or during the term of this lease or any extension thereof, the Lessee pays any ad valorem taxes assessed against the leased leasehold premises or any/interest of the Lessee therein, all such payments of taxes shall be held to apply as advanced rental payments on this renewal lease. 14. The Lessee may assign or transfer this renewal lease or sublet the whole or any part of the leased premises with- out the written consent of the Lessor provided that the Lessee shall nevertheless remain primarily liable to the Lessor for the payment of all rent and for the full performance of all of the covenants and conditions of this renewal lease. 15. If any clause, paragraph or section of this renewal lease be ruled invalid by any court of competent juris- diction, the invalidity of such clause, paragraph or section shall not affect any of the remaining provisions hereof. IN WITNESS WHEREOF, the City of Batesville, acting by and through its Council, has caused its corporate name to be here- unto subscribed by , its duly authorized Mayor, and attested under its corporate seal by , its City Clerk, and said Batesville Rubber Company has caused its corporate name to be subscribed hereto by its duly authorized President, or Vice Presi- dent, attested under its corporate seal by its Secretary or Assistant Secretary pursuant to a resolution duly adopted by its Board of Directors, all being done as of the year and day first above written.