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and inspections as set forth herein and the Lessor's right to regulate parking in the turn- around area between the end of the Kawaihae Road pavement and the Kawaihae Canoe Club entry gate to said demised premises. 2. Term. The term of said lease shall be for a period of ten (10) years with three renewal period options thereafter, each period being for five (5) additional years, subject to the written approval by the Lessor, unless sooner terminated by either the Lessor or Lessee upon thirty (30) days written notice of termination to the other party. On site construction or improvements by Lessee at Lessee's expense shall begin prior to May 1, 2009, which is within the first four (4) years of this agreement. Lessee shall complete all construction or improvements prior to the final expiration date of this lease. In the event Lessee fails to begin on-site construction prior to May 1, 2009, this lease shall be automatically terminated on May 1, 2009. In the event Lessee fails to complete all construction or improvements prior to the final expiration of this lease, Lessee shall at its own expense remove all construction and improvements and restore the premises to its original condition, or Lessee shall bear all costs of the County completing the construction or improvements, either at the sole discretion of the County. 3. Rent. The Lessee hereby covenants and agrees to pay the sum of $1.00 per year for the term of this lease. B. THE LESSEE COVENANTS AND AGREES WITH THE LESSOR: 1. Utility Services. That the Lessee shall pay when due, all utility charges, duties, and rates of every description, including water, sewer, gas, electricity, refuse collection, or any other charges, pertaining to said demised premises, or any part thereof, or any improvements thereon. 4