<table><tr><td colspan="3">☁️</td></tr><tr><td>☑</td><td>☐</td><td>☐</td></tr><tr><td>☑</td><td>☐</td><td>☐</td></tr><tr><td>☑</td><td>☐</td><td>☐</td></tr><tr><td>☑</td><td>☐</td><td>☐</td></tr><tr><td>☑</td><td>&lt;ecel&gt;</td><td></td></tr></table>

23.03 Waiver. The failure of Authority to insist on a strict performance of any of the agreements, terms, covenants, and conditions hereof shall not be deemed a waiver of any rights or remedies that Authority may have for any subsequent breach, default, or non-performance, and Authority's right to insist on strict performance of this Lease shall not be affected by any previous waiver or course of dealing.

23.04 Subordination.

• (A)Subordination to Bond Resolution. This Lease and all rights granted to Tenant hereunder are expressly subordinated and subject to the lien and provisions of the pledge, transfer, hypothecation or assignment made by Authority in the Bond Resolution, and Authority and Tenant agree that to the extent permitted by authorizing legislation, the holders of the Bonds or their designated representatives shall exercise any and all rights of Authority hereunder to the extent such possession, enjoyment and exercise are necessary to insure compliance by Tenant and Authority with the terms and provisions of this Lease and Bond Resolution.
• (B)Subordination to Federal Agreements. This Lease shall be subject and subordinate to all the terms and conditions of any instrument and documents under which Authority acquired the land or improvements thereon, of which the Premises are a part, and shall be given only such effect as will not conflict with nor be inconsistent with such terms and conditions. Tenant understands and agrees that this Lease shall be subordinate to the provisions of any existing or future agreement between Authority and the United States of America, or any of its agencies, relative to the operation or maintenance of the Airport, the execution of which has been or may be required as a condition precedent to the expenditure of federal funds for the development of the Airport.

23.05 Easement. Nothing in this Lease shall impair any existing utility easements, nor impair the right of access to any existing utility lines. Authority reserves the right to grant utility easements, licenses, and rights-of way to others over, under, though, across or on the Premises; provided, however, that such grant or the use of any easement, license, or right of way does not interfere with Tenant's operations or reduce the value of the Required Improvements. Authority shall restore the Property and the Premises to its condition prior to the date Authority granted any such easement, license, or right-of-way if any construction is performed in connection with any of the foregoing.

23.06 Independent Contractor. Tenant or any successor in interest to this Lease, is and shall be deemed to be an independent contractor and operator responsible to all parties for its respective acts or omissions, and Authority shall in no way be responsible therefor.

23.07 Governmental Authority. Nothing in this Lease shall be construed to waive or limit the Authority's governmental authority as a political subdivision of the State of Florida to regulate Tenant or its operations. The Authority's obligations under this Lease are made in a proprietary capacity rather than in a governmental capacity and such agreements shall not be construed as limiting, prohibiting or eliminating the obligation of the parties to comply with all applicable rules, regulations, ordinances, statutes and laws, nor alter or impair the Authority's governmental functions, including, but not limited to, the Authority's right to lawfully exercise its regulatory

Rev. 083021

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