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• ARTICLE X COMPANY'S OPTIONS Section 10.1. Extension Q12tions. The Company shall have and is hereby granted the option to extend this Lease Agreement for thirty(30)renewal terms of one(1)year each for an annual Lease Payment of One Hundred Dollars($100.00),payable in advance on the first Business Day of each year of the extension term, and otherwise upon the terms, conditions and provisions of this Lease Agreement. The options provided for herein shall be deemed automatically exercised by the Company(without requirement of any notice of exercise)unless thirty(30)days prior to the end of the initial term or any extension term the Company shall give the Issuer written notice that the Company does not elect to have the lease term extended beyond the then current initial or extension term. Section 10.2. Purchase Q12tions. In the event the Company pays or prepays Lease Payments and other amounts owing to the Issuer and the Trustee under this Lease Agreement and the Indenture in such a manner so as to permit this Lease Agreement to be released from the lien of the Indenture in accordance with the terms thereof,or at any time there are no Bonds outstanding hereunder,then, irrespective of any default hereunder, the Company shall have the right and option to purchase the Premises upon the release of this Lease Agreement (such payment or prepayment of the Lease Payments and other amounts owing to the Issuer and the Trustee to constitute the purchase price of the Premises) and at any time thereafter. If the Company exercises its option to purchase the • Premises subsequent to such discharge of the Trustee's interest in this Lease Agreement,the purchase price of the Premises shall be One Hundred Dollars ($100.00). The foregoing option to purchase may be exercised by giving written notice to the Issuer,with a copy to the Trustee(so long as any of the Bonds are outstanding), specifying the time and place of closing. The option granted in this Section 10.2 shall survive the termination of this Lease Agreement. Section 10.3. Release Qptions. The Company shall have and is hereby granted the option from time to time to have released from this Lease Agreement any portion of the land described in Exhibit B hereto as shall not at such time be improved with a building or buildings or other structure or structures or be necessary for adequate ingress and egress to and from the buildings and structures comprising the Premises,plus such additional land adjacent to such buildings and structures as may be reasonably necessary for the proper and efficient use of such buildings and structures. The consideration to be paid by the Company to the Issuer upon conveyance of the land being released shall be One Dollar($1.00)per acre. The foregoing option to release maybe exercised by giving written notice to the Issuer,with a copy to the Trustee(so long as any of the Bonds are outstanding), specifying the time and place of closing. The conveyance of land under this Section 10.3 shall not result in the relieving of the Company of its obligations to make the payments required in Section 5.3 hereof and to perform and observe the other agreements on its part contained herein,or result in any diminution thereof. • 25