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V <br />3. Compensation. The Licensee agrees to pay the Licensor the sum of $30.00 per year for <br />the Licensee's use of the License Area, increasing by 5% on each anniversary of the date of this <br />agreement. Payments shall be due and payable on the date of execution of this License and <br />annually on the same date for the duration of the License. The Licensee, at its option, may make <br />advance payments for periods of up to five years, but there will be no discount for these payments. <br />Payments shall be made at the Finance Department, City of San Marcos, 630 E. Hopkins Street, <br />San Marcos, TX 78666. <br />4. Indemnity. The Licensee agrees to indemnify, hold harmless and defend the Licensor, <br />its officers and employees from and against any claims or liability which may be incurred by reason <br />of any act or omission of the Licensee, its officers, agents or employees in connection with the <br />Licensee's use of the License Area. <br />5. Use Rights Reserved. The Licensor reserves the right at all times, for itself and all public <br />utilities authorized to use the public rights-of-way, to use the License Area for right-of-way and public <br />utility purposes, including those that involve excavation, trenching, pole and wire placement, or other <br />activities that may affect the Licensee's use of the License Area. The Licensor and the authorized <br />utilities will endeavor to notify the Licensee in advance of any construction or maintenance activities, <br />but they make no commitment to do so. The surface of the License Area will be restored to a level <br />condition upon completion of the construction or maintenance activities, but the Licensee will be <br />responsible for repairing or replacing any affected portion of the Improvements. The Licensee may <br />terminate this agreement on the basis of any such construction activities. <br />6. Termination. A. The Licensor may terminate and revoke this License Agreement if the <br />Licensee violates this agreement and fails to cure the violation within 30 days after the Licensor <br />gives the Licensee written notice of the violation. Alternatively, at the Licensor's sole discretion, the <br />Licensor may take action to cure any violation of this agreement by the Licensee, and collect the <br />costs of curing the violation from the Licensee. If any invoice for such costs is not fully paid within <br />thirty days of its issuance by the Licensor, the Licensee expressly grants the Licensor the right to <br />record a lien against the Licensee's Property for the unpaid amount of the invoice. <br />B. The Licensor may terminate this agreement for any other reason by giving Licensee six <br />months written notice of termination. <br />C. Upon any termination of this Agreement, the Licensee agrees to remove the Awning <br />within 90 days of the termination. <br />7. Miscellaneous. A. This license constitutes the entire agreement between Licensor and <br />Licensee on this subject, and it may be amended only by written instrument executed by both <br />parties. <br />B. This agreement is governed by the laws of the State of Texas. Exclusive venue for any <br />legal dispute under this agreement is in the state court in Hays County, Texas having jurisdiction <br />over the dispute. The Licensor's execution of and performance under this agreement will not act as <br />a waiver of any immunity of the Licensor to suit or liability under applicable law. The parties <br />acknowledge that the Licensor, in executing and performing this Agreement, is a governmental <br />entity acting in a governmental capacity. <br />C. This agreement shall run with the title to the Licensee's Property described in Recital A <br />above and is binding upon Licensee's successor in title as to the Licensee's Property.