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2. Purpose of Grant of the London Parkina Lot and London <br />Parkinq Stall Easements. The London Parking Lot and London Parking <br />Stall Easements are granted solely for the purpose of exclusive and <br />unrestricted use by London and its designees between 8:00 a.m. and <br />6:00 p.m. Monday through Friday of twenty-four (24) parking stalls, <br />a building entrance, and a service and delivery area on the London <br />Parking Lot (comprising all of the London Parking Lot) and ten (10) <br />parking stalls on the London Parking Stall Easement. At any time <br />during the term of the London Parking Lot Easement, London, at its <br />sole expense, may fence or otherwise secure the London Parking Lot <br />to assure the rights granted hereby.. The City shall, at its <br />expense during the term of the London Parking Stall Easement, mark <br />the reserved parking stalls with appropriate signage to assure the <br />rights granted hereby. London's use of the London Parking Lot and <br />London Parking Stall Easements shall be subject to all applicable <br />City ordinances, including, without limitation, emergency vehicle <br />access. <br /> <br /> 3. Grant of CCa~nU LOt Parkina License. The City, for <br />itself and on behalf of its successors in title to the Loop Parking <br />Lot, hereby grants to London, for itself and for its successors in <br />title to the London Property, for the benefit of the London <br />Property, and as an appurte-~-ce thereto, a nonexclusive license <br />having the duration set forth herein, on the terms and conditions <br />set forth herein, and subject to the provisions hereof, on, over <br />and across that portion of the Loop Parking Lot, more particularly <br />described in Exhibit E attached hereto and incorporated herein by <br />this reference (the "Conunon Lot") for the purposes set forth below. <br />The license granted by this paragraph is hereinafter referred to as <br />the "Cormnon Lot License". <br /> <br /> 4. PurPose of Grant of the C~n Lot License. The Common <br />Lot License is granted solely for the purpose of nonexclusive use <br />on a first come first serve basis of the parking stalls on the <br />Connon Lot by London and its designees between the hours of 8:00 <br />a.m. and 6:00 p.m. Monday through Friday. At all times during the <br />term of the Conunon Lot License, the City shall maintain at least <br />two hundred (200) parking stalls in the C_rm~,on LOt Of which no more <br />than sixty seven (67) parking stalls shall be reserved for <br />exclusive use of persons other than London and its designees <br />between the hours of 8:00 a.m. and 6:00 p.m., Monday through <br />Friday. <br /> <br /> 5. London Lot Addition. If during the term of this <br />Agreement the City acquires title to the property which is adjacent <br />to the London Parking Lot which is described in Exhibit F attached <br />hereto and incorporated herein by this reference (the "London Lot <br />Addition") it shall provide written notice to London within <br />five {5) days of securing title to said property and London as <br />described in Paragraph 8 hereof may thereafter direct the title <br />company to record at its cost in the Office of the Recorder of <br />Deeds of St Louis County, Missouri the Parking Easement and License <br /> <br />JYS0489 2 <br /> <br />snm<9639 PACE 802 <br /> <br /> <br />