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City of San Marcos Airport thirty (30) calendar days from the date it receives such notice to cure any other default under this LEASE to LESSOR's reasonable satisfaction in order to avoid such cancellation, termination or surrender; (E) a written statement certifying that this LEASE is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as so modified), and confirming that the LESSEE is not in default as to any obligations of the LESSEE under this LEASE (or if LESSEE is in default, specifying any default); (F) an agreement that, notwithstanding the provisions of this LEASE to the contrary, in the event sublessee shall be entitled to any insurance or condemnation proceeds with regard to its subleasehold interest, the deed of trust provisions giving the lender the option to either apply such proceeds to the sums secured by the deed of trust or to permit the sublessee to use such proceeds to repair the LEASED PREMISES, shall be controlling; (G) an agreement that in the event that the lender undertakes to enforce its rights to any collateral granted by its deed of trust on account of a default by the sublessee under the deed of trust, the LESSOR will cooperate with the lender in its efforts to assemble and /or remove any personal property of the sublessee on the LEASED PREMISES, and that the lender will repair any damages at or to the Airport, including the LEASED PREMISES, caused by or incident to the removal of any collateral. ARTICLE 11. EVENTS OF DEFAULT AND REMEDIES 11.01. The following events shall be events of default by the LESSEE under this LEASE: A. The LESSEE fails to pay when due any rental or any other sums or charges due under this LEASE, and such failure continues for seven (7) days following written notice thereof (provided, however, that LESSOR shall be obligated to give only two such notices in any calendar year, and after such two notices, LESSOR will no longer be obligated to give any other notice under this Section 11.01A within such calendar year). B. The LESSEE fails to comply with any other term, provision, or covenant of this LEASE, and does not cure the failure within Thirty (30) days after written notice to the LESSEE. However, if LESSEE's failure to comply cannot reasonably be cured within thirty (30) days, LESSEE shall be allowed additional time (not to exceed sixty (60) days) as is reasonably necessary to cure the failure so long as LESSEE commences to cure the failure within fifteen (15) days and LESSEE diligently pursues a course of action that will cure the failure. For any subsequent default by the LESSEE for the same or any other reason, the LESSOR may terminate the LEASE if that subsequent default continues for more than Three (3) days after notice of the subsequent default. Commercial Land Lease Page 12 of 22