Land Lease

The government of Guam shall lease to the Manenggon Memorial Foundation, a Guam Non-Stock, Non-Profit Corporation (Lessee), for One Dollar ($1.00) per year, the parcel of land identified in this Section for the purpose of establishing a memorial of the Manenggon Concentration Camps of World War II under the following conditions:

(a)The parcel is identified as Lot No. 208, in the Municipality of Yona, containing an area of 1,076,578± square feet or 100,018± square meters as shown on Land Management Drawing Number 14-91T658, LM checked No. 050FY2000, recorded under Document Number 616596;

(b)The parcel was deeded to the government of Guam by Mr. Dwight Look in a Quitclaim Deed signed on July 8, 1998, and filed at the Department of Land Management on September 8, 1998, for the specific purpose contained in Quitclaim Deed Instrument Number 590177, to establish a memorial of the Manenggon Concentration Camps of World War II;

(c)The Lessee, a Guam Non-Stock, Non-Profit Corporation filed under Charter Number D-13814 with the Department of Revenue and Taxation, government of Guam, on September 6, 2001, shall utilize the property solely for the purpose contained in the Quitclaim Deed Instrument Number 590177;

(d)The Lease shall contain, at a minimum, the following terms:

(1)The period of the Lease shall be for Twenty

(20)years with an option to renew three

(3)times for another twenty

(20)years each; CH. 68 USE AND DEVELOPMENT OF GOVERNMENT AND OTHER LAND

(2)The rate shall be One Dollar ($1.00) per year, payable on the date of the original execution of the Lease and on each anniversary of that date for the term of the Lease;

(3)The Lease, or any portion of the property covered thereby, shall not be sold, mortgaged, assigned, sublet, hypothecated or otherwise transferred without the consent of I Maga’hågan/Maga’låhen Guåhan and I Liheslatura by statute, and any attempted alienation of any interest in the Lease, or property covered thereby, without such prior consent shall be void;

(4)Any change in the tax status of the Lessee shall require an immediate renegotiation of the rate of the Lease. If such change shall be to a For-Profit entity, the rate of the Lease shall be no less than fifty percent (50%) of the actual Lease market value of the property.

(e)The Attorney General of Guam shall incorporate the provisions of this Article in the final Lease Agreement between the government of Guam and the Lessee in such a manner as to facilitate enforcement thereof. I Maga’hågan/Maga’låhen Guåhan shall execute all necessary documents to effectuate such Lease.