Document:

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                                                                   Exhibit 10(b)

                                    NET LEASE

      THIS LEASE, made as of this 2nd day of March, 2005, by and between Tower
Properties Company, a corporation with an office at 911 Main Street, Suite 100,
Kansas City, Missouri 64105 (herein called "Owner"), and Ferrellgas, L.P., whose
principal office is at 7500 College Boulevard, Suite 1000, Overland Park, Kansas
66210 (herein called "Tenant");

                                    RECITALS

      Pursuant to Real Estate Purchase Contract ("Contract") dated February 28,
Tenant (as Seller), agreed to sell to Owner (as Buyer) the "Demised Premises"
(hereinafter defined), and Owner agreed to lease the Demised Premises to Tenant
on an absolute "net basis". Concurrently herewith, Seller has conveyed to Owner
fee simple title to the Demised Premises, and the parties are executing this
Lease ("Lease") in order to effect such Lease to Tenant of the Demised Premises.
Accordingly, in consideration of mutual covenants, the parties agree as follows:

Section 1. Demised Premises.

      Owner leases to Tenant and Tenant leases from Owner all that certain tract
of real property (the "Demised Land") together with the improvements
("Improvements") thereon located in the County of Clay, City of Liberty and
State of Missouri, with a street address of One and Two Liberty Plaza, Liberty,
Missouri 64068-2970, as more fully described on Exhibit A attached hereto and
incorporated herein by this reference (herein referred to as the "Demised
Premises"), excluding all Personal Property and subject to all the exceptions
reflected in the title policy issued at the closing of the sale from Ferrellgas,
L.P. to Owner.

Section 2. Term.

      The term of this Lease shall commence on March 2, 2005, or the later date
that sale of property from Tenant to Owner shall occur ("Commencement Date"),
and shall expire, unless sooner terminated or extended pursuant to the terms of
this Lease, on the 10th anniversary of the last day of the month in which the
Commencement Date occurred ("Termination Date").

Section 3. Rent and Adjustment.

      (A) Tenant shall pay Owner, as rent hereunder, the sum of $473,000 per
annum ("Minimum Rent") for 10 years.

      (B) The Minimum Rent shall be payable by Tenant, without any prior demand
therefor and without any set-off or deduction whatsoever, except as provided
herein, in equal monthly installments of $39,416.67 on or before the first day
of each month in advance. Minimum Rent for any partial month shall be prorated
based on the number of days in such month.

Section 4. No Abatement and Additional Rent.

      (A) Tenant shall not be entitled to quit, terminate or surrender the
Lease, and shall not be relieved from its obligation to pay rental and other
charges due hereunder or from any of its other obligations under the Lease, by
reason of (i) any prevention or curtailment of or interference with any use of
the Demised Premises, or any part thereof, by any governmental requirement,
except as expressly set forth in Section 24; or (ii) any damage to or
destruction of the Demised Premises or any part thereof, notwithstanding any law
or statute to the contrary, except as expressly set forth in Section 14.

      (B) This Lease shall be deemed and construed to be a "net lease", it being
the intent hereof that Owner shall receive all Minimum Rent, additional rent and
other charges payable hereunder (collectively, "Rent") free from

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any charges, taxes, assessments, fees, impositions, expenses, set-offs or
deductions of any and every kind or nature whatsoever, except as expressly set
forth in Sections 14, 24, and 25.

      (C) Tenant shall pay as additional rent all charges required to be paid by
Tenant under this Lease, whether or not the same are designated "additional
rent". If such charges are not paid at the time provided in this Lease, they
shall be payable as additional rent upon demand or with the next installment of
Minimum Rent thereafter falling due, whichever shall first occur, but nothing
herein contained shall be deemed to suspend or authorize delay in the payment of
any charge at the time the same becomes due and payable under this Lease.

Section 5. Interest on Past Due Rent.

      If Tenant shall fail to pay within 5 days after receipt of written notice
of delinquency, any Minimum Rent or any additional rent, Tenant shall, upon
demand, pay Owner a late charge equal to 3% of the arrearage, plus interest on
the past due amount from the due date thereof to the date of payment at a rate
of 10% per annum (the "Default Rate").

Section 6. Taxes.

      (A) The term "Real Estate Taxes" shall mean all real estate taxes,
assessments for public improvements or benefits (whether or not commenced or
completed during the term of this Lease), water, sewer and other rents, rates
and charges, excises, levies, license fees, permit fees and other authorization
fees and all other charges, (in each case whether general or special, ordinary
or extraordinary, or foreseen or unforeseen), of every character (including all
penalties or interest thereon) which at any time during or in respect of or
prior to the term of this Lease may be assessed, levied, confirmed or imposed on
or in respect of or be a lien upon (i) the Demised Premises or any part thereof
or any rent therefrom or any estate, right or interest therein; or (ii) any
occupant's use or possession of the Demised Premises or any part thereof, other
than any franchise, capital stock or similar tax of Owner, or any income or
excess profits tax of Owner determined on the basis of its general income or
revenues. With respect to any tax on rents, Tenant's obligation shall be
computed at the rates that would be payable if the Demised Premises were the
only property of Owner subject to such rent tax.

      (B) Tenant shall pay the Real Estate Taxes directly to the applicable
taxing authorities and shall deliver to Owner, if requested, evidence reasonably
satisfactory to Owner of the payment thereof. To the extent permitted by law, if
any Real Estate Taxes may be paid in installments, Tenant may elect to pay such
Real Estate Taxes on the installment basis, in which case, Tenant shall be
obligated to pay only those installments which shall become due and payable
during the term of this Lease. Any such installments which are due for the year
in which this Lease expires or terminates shall be prorated.

      (C) Provided Tenant is not in "Default" (as defined in Section 25), Tenant
shall have the right to contest the Real Estate Taxes or the validity thereof by
appropriate legal proceedings, and Owner shall join in such contest, protest or
proceeding, but at Tenant's sole cost and expense; provided, however, as a
condition to Tenant being entitled to contest such Real Estate Taxes, Tenant
shall first deposit with Owner security reasonably satisfactory to Owner to
insure payment in full of such Real Estate Taxes, together with penalties and
interest thereon, prior to the foreclosure of any tax lien resulting therefrom.
Any refund obtained by Tenant as a result of such contest shall be Tenant's sole
property.

Section 7. Condition of the Demised Land.

      (A) Tenant acknowledges and represents to Owner that Tenant has conducted
or caused to be conducted such inspections and tests as are necessary or
advisable to become fully familiar with the existing condition of the Demises
Premises (including the sub-surface thereof). No covenant, representation,
statement or warranty, express or implied, has been or is, by the execution of
this Lease or otherwise, made by or on behalf of Owner, or by any agent of
Owner, as to the condition of the Demised Premises (including the sub-surface
thereof) or as to the use that may be made of the Demised Premises. Owner shall
not be liable for any defect, latent or patent, in the Demised Premises or for
any limitation to which the Demised Premises may be subject.

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      (B) Tenant accepts title to the leasehold estate created under this Lease
in its existing condition and acknowledges and represents to Owner that no
covenant, representation, statement or warranty, express or implied, has been or
is, by the execution of this Lease or otherwise, made by or on behalf of Owner,
or by any agent of Owner, as to the condition of such leasehold title or as to
the encumbrances affecting the same.

Section 8. Alterations.

      Subject to compliance with Section 29, Tenant may, at its sole expense,
from time to time, make such alterations, changes or additions to the
Improvements. If such alterations, changes or additions are reasonably
considered non-structural in nature, and in good faith are estimated by Tenant,
for all work being performed at one time or a series of projects undertaken
within six months of one another and within a contiguous area, not to exceed
$100,000.00 (as evidenced by the scope of work and projected expense as
contained on the Approval for Expenditure or "AFE" form currently used by Tenant
to obtain appropriate internal approvals for the allocation of capital
expenditure funds, or any successor approval form which may be generated by
Tenant for the same general purpose), Tenant may perform such work without first
obtaining Owner's approval. If such alterations, changes or additions are
reasonably considered structural in nature, regardless of their total cost, or
in good faith are estimated by Tenant to exceed $100,000.00, using the
referenced AFE form as the guide, Tenant shall provide Owner with written notice
outlining the proposed scope of work and estimated expense, with the AFE form
attached, to obtain Owner's prior approval, which approval shall not be
unreasonably withheld, conditioned or delayed. Owner's good faith, projected
cost estimate of restoring the Demised Premises at lease termination to the
currently existing condition shall be reasonable grounds for Owner to withhold
approval. Approval shall be deemed granted by Owner if Tenant does not receive
written disapproval from Owner within ten (10) business days from the date Owner
receives Tenant's notice outlining said proposed scope of work and estimated
expense. Any such alterations, changes or additions to the Improvements that
comply with the requirements of this Section may remain after Lease termination.
Any unresolved disagreement between the parties as to whether an alteration is
`structural' and as to what constitutes a single project shall be decided
according to the Arbitration provision contained in Section 49 of this Lease.

Section 9. Tenant's Liens.

      If any mechanic's or materialman's lien is filed against the Demised
Premises by reason of work, labor, services or materials performed or furnished
to Tenant or anyone holding any part of the Demised Premises under Tenant,
Tenant shall, within thirty (30) days after notice to Tenant of the filing
thereof, cause such lien to be discharged of record by payment, bond, order of a
court of competent jurisdiction, or otherwise. The foregoing shall not be
construed to limit Tenant's rights to contest the basis for said lien provided
the same is discharged of record as aforesaid. In the event of Tenant's failure
to discharge any such lien within the aforesaid period, Owner may remove said
lien by paying the full amount thereof or by bonding or in any other manner
Owner deems appropriate, without investigating the validity thereof and
irrespective of the fact that Tenant may contest the propriety or the amount
thereof, and Tenant upon demand shall pay Owner the amount so paid out by Owner
in connection with the discharge of said lien, together with (i) expenses
incurred in connection therewith, including reasonable attorneys' fees; and (ii)
interest on all such amounts at the Default Rate from the date such amounts are
advanced by Owner to the date Owner recovers such amounts. Nothing contained in
this Lease shall be construed as a consent on the part of Owner to subject
Owner's estate in the Demised Premises to any lien or liability under the lien
laws of the State.

Section 10. Compliance with Legal Requirements; Environmental Compliance.

      (A) Tenant, at its sole expense, and in conformity with the provisions of
Sections 24 and 29, shall promptly comply with all present and future
requirements, administrative and judicial orders, laws, statutes, ordinances,
rules and regulations (collectively, "Laws") of all federal, state, county,
municipal and local departments, boards, agencies and offices thereof
(collectively, "Governmental Authorities"), including those requiring
replacements, additions, repairs and alterations, structural or otherwise, and
shall procure and maintain all permits, licenses and other authorizations
required for any use of the Demised Premises or any part thereof then being
made, and for the lawful and proper installation, operation and maintenance of
all equipment and appliances necessary or appropriate for the operation and
maintenance of the Demised Premises.

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      (B) Without limiting the provisions of Paragraph (A) above, Tenant shall
not cause or permit any "Hazardous Substances" (hereinafter defined) to be
present, used, stored, generated or disposed of (collectively, "Used") on, in or
under the Demised Premises, except for those Hazardous Substances which may
lawfully be Used in an incidental manner in the ordinary course of business in
the operation of the Demised Premises, or as reasonably required in performing
the obligations of Tenant under this Lease, and then only to the extent no Laws
are violated in so doing. Tenant is specifically granted permission to use and
store diesel in an above ground container and propane in an underground storage
tank, for purpose of fueling emergency generators on the Demised Premises.
Without limiting the foregoing, Tenant shall indemnify and save Owner harmless
from any and all claims of third parties, and damages, costs and losses owing to
third parties or suffered by Owner, including court costs, reasonable attorneys'
fees and consultants' fees, arising during or after the term and reasonably
incurred or suffered by Owner as a result of Tenant's breach of the provisions
of this Section, or the unlawful presence on the Demised Premises of any
Hazardous Substances, irrespective of whether such Hazardous Substances were
first present on the Demised Premises during the term of this Lease or prior
thereto. It is a condition of this indemnification that Tenant shall receive
notice of any such claim against Owner promptly after Owner has been notified in
writing thereof. This indemnification includes all costs reasonably incurred by
Owner after notice to Tenant for any cleanup, removal or restoration mandated by
any Governmental Authority if Tenant shall not timely perform such work. As used
herein, "Hazardous Substance" means any substance that is toxic, radioactive,
ignitable, flammable, explosive, reactive or corrosive and that is, in the form,
quantity, condition and location then found upon the Demises Premises regulated
by any Governmental Authority.

Section 11. Waste or Nuisance.

      Tenant shall not commit nor suffer to be committed any waste upon the
Demised Premises or any nuisance, and Tenant shall hold Owner harmless with
respect to a breach of this covenant.

Section 12. Repairs.

      Tenant shall keep the Demised Premises in good order and condition,
sightly and clean, and shall make all necessary or appropriate repairs thereto,
interior and exterior, structural and non-structural, ordinary and
extraordinary, and foreseen and unforeseen. All repairs effected by Tenant shall
be completed in accordance with the provisions of Section 29 and shall be in all
respects of a standard at least substantially equal in quality of material and
workmanship to the original work and material in the said Improvements and shall
meet the requirements of Governmental Authorities. Tenant agrees that Owner
shall have no obligation under this Lease at any time during the term to make
any repairs or replacements of any part of the Demised Premises or any
alteration, addition, change, substitution or improvement thereof or thereto,
whether structural or otherwise, it being the intent hereof that the Minimum
Rent received by Owner shall be free and clear of any expense incurred by Owner
under this Lease in connection with any construction, care, maintenance,
operation, repair, replacement, alteration, addition, change, substitution and
improvement of or to the Demised Premises. The standard of maintenance for
Tenant's obligation hereunder shall be that the Demised Land and Improvements
will be maintained as a first class office building and grounds, consistent with
the historic practices of Tenant prior to the Commencement Date of this Lease,
in order to preserve the current general and overall condition and functionality
of the Demised Premises, ordinary wear and tear excepted. At lease termination
only, any unresolved disagreement between the parties relating to Tenant's
maintenance obligation in connection with or as manifested in the final
condition of the Demised Premises shall be decided according to the Arbitration
provision contained in Section 49 of this Lease.

Section 13. Restoration.

      In the event the Improvements or any part thereof are destroyed or damaged
by fire or other casualty, Tenant shall, with due diligence, at Tenant's sole
cost, risk and expense, restore, repair, reconstruct or replace the same in
accordance with the provisions of Sections 14 and 29.

Section 14. Fire, Boiler Insurance.

      (A) Tenant shall keep in force with an insurance company authorized to do
business in the State of Missouri and which has a Best's Insurance Guide Rating
("BIGR") of at least A:XI; however, should a lender later

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require a higher BIGR (e.g., A:XII or higher), Tenant agrees to use reasonable
best efforts to procure said coverage, provided the cost of obtaining the higher
BIGR does not increase premiums then being paid by Tenant by more than 15%. If
the premiums for comparable coverage, but at the higher BIGR, will increase
premiums paid by Tenant by more than 15%, the Owner has the right to require
Tenant to provide said coverage, however, Owner will pay the premium increase
over the 15% increase for each year the Owner requires this higher BIGR
coverage. If Tenant is unable, even after using best efforts, to obtain
comparable insurance at the higher BIGR at any cost, Owner is authorized to
secure such coverage on Tenant's behalf and Tenant will pay the premium for such
coverage subject to the above limitations. The following shall be the limits of
coverage:

            (1) Commercial property insurance (formerly known as "all-risk"
insurance) with a special broad form causes-of-loss form on the Improvements,
insuring Tenant, Owner and any mortgagee of the Demised Premises ("Mortgagee"),
as their respective interests may appear, including coverage against loss or
damage by fire, acts of terrorism, collapse, lightning, windstorm, tornado,
hail, vandalism and malicious mischief, sprinkler leakage, water damage, debris
removal and demolition of the undamaged portion of the building arising out of
physical loss or damage to the covered property by a peril insured against, and
against loss or damage by such other, further and additional risks as now are or
hereafter may be embraced by the standard extended coverage forms of
endorsements; and insurance against the perils of earthquake, if reasonably
available, and other sudden and abnormal earth movement as well as against the
perils of flood such as are normally excluded by the standard extended coverage
forms or endorsements. All such insurance shall (i) be in an amount equal to
100% of the "Full Insurable Value" of the Improvements, which for purposes of
this Lease shall mean actual replacement value (exclusive in the case of the
Improvements of costs of excavations, foundations, underground utilities and
footings); (ii) contain an agreed amount endorsement with respect to the
Improvements waiving all co-insurance provisions; and (iii) contain an
endorsement providing that all covered losses will be paid on a replacement cost
basis. The Full Insurable Value shall be ascertained upon execution hereof and
from time to time (but not more frequently than once in any 24 calendar months)
at the request of Owner by an appraiser or contractor designated and paid by
Tenant and approved by Owner, which approval shall not be unreasonably withheld,
or by an engineer or appraiser in the regular employ of the insurer. After the
first such appraisal, additional appraisals may be based on construction cost
indices customarily employed in the trade. Owner must request any such
ascertainment in order for Tenant to have this ascertainment obligation under
this paragraph; and

            (2) Boiler and pressure vessel and miscellaneous equipment
insurance, insuring Tenant, Owner and any Mortgagee as their respective
interests may appear, on steam pipes, air conditioning systems, electric motors,
air tanks, compressors and pumps, in such amounts as Owner may reasonably
require.

      (B) All policies required by this Section shall (1) contain a provision
that said policies may not be canceled or modified for any reason without 30
days' prior notice to Owner, and (2) be nonassessable. Tenant shall deliver to
Owner certificates of such insurance. Tenant shall not obtain (a) separate
insurance concurrent in form or contributing in the event of loss with that
required in this Section to be furnished by Tenant, or (b) any blanket casualty
policy, unless Owner is included therein as an insured to the extent of the
amounts of insurance coverage required to be maintained by Tenant hereunder,
with losses payable as in this Lease provided. Tenant shall immediately notify
Owner upon obtaining any such separate insurance or blanket policy and shall
deliver duplicate originals of certificates of such policies to Owner.

      (C) If at any time during the term the Improvements or any part thereof
shall be damaged or destroyed by fire or other casualty (including any casualty
for which insurance coverage was not obtained or obtainable) of any kind or
nature, ordinary or extraordinary, foreseen or unforeseen, Tenant, at its sole
cost and expense and whether or not the insurance proceeds, if any, shall be
sufficient for the purpose, shall proceed with reasonable diligence (subject to
a reasonable time allowance for the purpose of adjusting such loss) to repair,
alter, restore, replace or rebuild the same as nearly as possible to its value,
condition and character immediately prior to such damage or destruction, subject
to such alterations as Tenant may elect to make as herein permitted. Such
repairs, alterations, restoration, replacement or rebuilding, including
temporary repairs or the protection of other property pending the completion
thereof, are sometimes referred to in this Section as the "Rebuilding Work".

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      (D) Except as otherwise provided in this Section, the conditions under
which any Rebuilding Work is to be performed and the method of proceeding with
and performing the same shall be governed by all of the provisions of Section
29.

      (E) All insurance money paid on account of such damage or destruction
under the policies of insurance covering such loss, if any, less the cost, if
any, incurred in connection with the adjustment of the loss and the collection
thereof (the "Net Insurance Proceeds"), shall be adjusted by Tenant with the
approval of Owner and the Net Insurance Proceeds shall be deposited into escrow
with an insurance trustee reasonably acceptable to Owner and Tenant (which shall
be a bank, trust company or the Mortgagee), and shall be applied toward Tenant's
obligations of repair, restoration or reconstruction of any Improvements damaged
or destroyed by casualty giving rise to the insurance claim and shall be paid
out by the insurance trustee from time to time as the Rebuilding Work shall
progress, in amounts designated by certification by independent architects
licensed to do business in the State showing the application of the amounts as
payments for the Rebuilding Work. If the Net Insurance Proceeds are not adequate
for the Rebuilding Work, Tenant shall pay, out of funds other than the Net
Insurance Proceeds, the amount by which the cost of the Rebuilding Work will
exceed the Net Insurance Proceeds and shall furnish reasonable proof to Owner
and the insurance trustee, if any, of the availability to Tenant of such excess
for Rebuilding Work to be performed before the trustee shall release any part of
the Net Insurance Proceeds. Any Net Insurance Proceeds in excess of the cost of
Tenant's obligations of repair, restoration or reconstruction, shall, upon the
completion of the Rebuilding Work, be released to Tenant. Tenant shall pay to
the insurance trustee all reasonable fees for its services.

      (F) Under no circumstances shall Owner be obligated to make any payment,
disbursement or contribution toward the cost of the Rebuilding Work or any part
thereof.

      (G) In the event part or all of the Improvements shall be untenantable
owing to the partial or total destruction thereof, Tenant shall be entitled to
an abatement, allowance, reduction or suspension of the Minimum Rent
(collectively referred to as the "Abatement" or "Abatement of Minimum Rent")
until such Improvements shall be made tenantable. The determination of
untenantability (including the extent thereof), the determination of the amount
of the Abatement due to Tenant, and the determination that the condition has
been satisfactorily restored shall be made by mutual agreement between the
parties. Any unresolved disagreement between the parties as to any of the terms
of this Section shall be decided according to the Arbitration provision
contained in Section 49 of this Lease. The formula for determining the amount of
the Abatement and the corresponding extension of the lease term shall be as set
out in Section 50 hereof. No such damage or destruction shall in any way affect
the obligation of Tenant to pay other charges payable by Tenant hereunder nor
release Tenant of or from any obligation imposed upon Tenant under this Lease,
notwithstanding any law or statute to the contrary. Tenant hereby waives any and
all rights provided to Tenant by law or statute to terminate this Lease upon the
partial or total destruction of the Improvements, now existing or hereinafter
enacted.

Section 15. Liability Insurance.

      Tenant shall keep in force with an insurance company authorized to do
business in the State of Missouri and having a Best's Insurance Guide Rating of
at least A:XI, a policy of general public liability insurance, including
property damage coverage (and a broad form contractual endorsement insuring
Tenant's performance of its obligations under Section 17 hereof) with respect to
the Demised Premises, in which the coverage shall not be less than $10,000,000
(combined single limits for bodily injury and property damage). The provision
regarding Tenant obtaining insurance with a higher BIGR, as detailed in Section
14, shall also apply to this Section. In addition to Tenant, the policy shall
also name Owner as an additional insured. Tenant shall upon demand deliver to
Owner a certificate evidencing the aforesaid coverage, which certificate shall
provide that the insurance evidenced thereby shall not be canceled, materially
modified or allowed to lapse without thirty (30) days' prior written notice
thereof being given by the insurance carrier to Owner.

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Section 16. Right to Self-Insure.

      Tenant shall have the right to self-insure its insurance obligations under
Sections 14 to the extent of $100,000, and under Section 15 to the extent of
$3,000,000, but this shall not be construed to affect Tenant's obligations
hereunder.

Section 17. Indemnification and Release.

      (A) Tenant will protect, indemnify and save harmless Owner from and
against all liabilities, obligations, claims, damages, penalties, causes of
action, costs and expenses (including reasonable attorneys' fees) (collectively,
"Indemnified Amounts"), not due to Owner's gross negligence, arising or
occurring by reason of:

            (1) Any accident, injury to or death of persons or loss of or damage
to property occurring on or about the Demised Premises or any part thereof;

            (2) Any use, non-use or condition of the Demised Premises or any
part thereof;

            (3) Any failure on the part of Tenant to perform or comply with any
of the terms of this Lease; or

            (4) The performance of any labor or services or the furnishing of
any materials or other property by Tenant or at Tenant's direction in respect of
the Demised Premises or any part thereof.

      In case any such action, suit or proceeding is brought against Owner by
reason of any such occurrence, Tenant, upon Owner's request, shall defend such
action, suit or proceeding, or cause the same to be resisted and defended
without cost to Owner, and by counsel designated by Tenant and approved by
Owner, which approval shall not be unreasonably withheld, conditioned or
delayed. The obligations of Tenant as aforesaid shall survive any termination of
this Lease.

      (B) Owner will protect, indemnify and save harmless Tenant from and
against all liabilities, obligations, claims, damages, penalties, causes of
action, costs and expenses (including reasonable attorneys' fees) (collectively,
"Indemnified Amounts"), not due to Tenant's gross negligence, arising or
occurring by reason of:

            (1) Any failure on the part of Owner to perform or comply with any
of the terms of this Lease; or

            (2) The performance of any labor or services or the furnishing of
any materials or other property by Owner or at Owner's direction in respect of
the Demised Premises or any part thereof, unless the work performed by Owner or
at Owner's direction is a result of Tenant's noncompliance with or breach of
this Lease, in which case Owner shall only be responsible for its intentional
acts or omissions.

      In case any such action, suit or proceeding is brought against Tenant by
reason of any such occurrence, Owner, upon Tenant's request, shall defend such
action, suit or proceeding, or cause the same to be resisted and defended
without cost to Tenant, and by counsel designated by Owner and approved by
Tenant, which approval shall not be unreasonably withheld, conditioned or
delayed. The obligations of Owner as aforesaid shall survive any termination of
this Lease.

      (C) Tenant agrees that if the Improvements and other property, tangible
and intangible, including fixtures, furnishings, equipment and contents, at any
time forming a part of or located on the Demised Premises shall be damaged or
destroyed by an insurable peril, or Tenant's business shall be interrupted by an
insurable peril, whether or not such damage or destruction or interruption was
caused by the negligence of the Owner, Owner shall have no liability to Tenant
on account thereof, and Tenant shall require all policies of property insurance
and business interruption and rental insurance carried by Tenant during the term
upon the Demised Premises and other property and Tenant's business to be
endorsed with a provision by which the insurer waives any right of subrogation.
Owner shall require all policies of liability insurance carried by Owner during
the term upon the Demised Premises

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to be endorsed with a provision by which the insurer waives any right of
subrogation against Tenant. Tenant shall maintain business interruption
insurance with coverage for at least 12 months.

Section 18. Utility Charges.

      Tenant shall promptly pay all charges for heat, water, sewerage,
electricity or any other utility used or consumed on the Demised Premises and
shall contract for the same in its own name.

Section 19. Use of Demised Premises.

      Tenant may use the Demised Premises for office use only and other purposes
incidental thereto.

Section 20. Tenant's Right to Assign and Sublet.

      So long as no Default has occurred and is continuing under this Lease,
Tenant shall have the right, with Owner's consent, which consent shall not be
unreasonably withheld, conditioned or delayed, to assign this Lease or sublet
the Demised Premises or any part thereof, once or more often. Owner's consent,
however, shall not be required if Tenant assigns this Lease or sublets the
Demised Premises to any affiliates, subsidiaries or other party related to
Tenant. No assignment or subletting shall release or discharge Tenant from any
of its duties and obligations under this Lease, and Tenant shall remain
primarily liable for the performance of Tenant's obligations herein unless
expressly released from said duties and obligations in a written agreement
signed by Owner; PROVIDED, HOWEVER, as a condition of any assignment or
subletting of this Lease (i) the assignee or sublessee shall be required to
execute and deliver to Owner an agreement, in recordable form, whereby such
assignee or sublessee assumes and agrees to perform all obligations of Tenant
subsequently accruing under this Lease and (ii) Tenant shall pay directly to
Owner as additional rent 50% of any amounts actually received by Tenant from
assignee or sublessee in excess of the Minimum Rent provided for herein, such
payments to Owner to be made within 10 days of Tenant's actual receipt of the
rental payments.

Section 21. Owner's Right to Assign.

      Owner shall have the right, without Tenant's consent, to sell, convey,
mortgage or transfer its interest in the Demised Premises or assign its interest
in this Lease, and all covenants and obligations of Owner under this Lease
accruing thereafter shall cease, but such covenants and obligations shall run
with the land and shall be binding upon the subsequent owners or assignees
thereof with respect to obligations accruing during their respective periods of
ownership. Any such conveyance by Owner shall be subject to the provisions of
this Lease.

Section 22. Attornment; Priority of Lease.

      (A) Tenant shall, in the event any proceedings are brought for the
foreclosure of, or in the event of the exercise of the power of sale under, any
mortgage covering any part of the Demised Premises, attorn to the purchaser upon
any such foreclosure or sale and recognize such purchaser as Owner under this
Lease, and upon the request of any interested party, Tenant shall execute,
acknowledge and deliver an instrument, in form and substance satisfactory to
such party, evidencing such attornment.

      (B) Upon written request of the holder of any mortgage now or hereafter
covering any part of the Demised Premises, Tenant will subordinate its rights
under this Lease to the lien thereof and to all advances made or hereafter to be
made upon the security thereof, and Tenant shall execute, acknowledge and
deliver an instrument, in the form reasonably approved by Tenant and by such
encumbrance holder, effecting such subordination, and providing, among other
matters, that Tenant's possession of the Demised Premises, and its rights under
this Lease, shall not be disturbed or affected by reason of any foreclosure of
such Mortgage, so long as Tenant is not in Default under this Lease; PROVIDED,
HOWEVER, Tenant shall not subordinate its rights under this Lease to the lien of
any junior or second mortgage covering all or any part of the Demised Premises
without the prior written consent of the holder of the first mortgage covering
all or any part of the Demised Premises.

<PAGE>

      (C) Notwithstanding anything set out in paragraph (B) above to the
contrary, in the event the holder of any such mortgage elects to have this Lease
superior to its mortgage, then upon Tenant being notified to that effect by such
encumbrance holder, this Lease shall be deemed prior to the lien of said
mortgage, whether this Lease is dated prior or subsequent to the date of said
mortgage, and Tenant shall execute, acknowledge and deliver an instrument, in
the form customarily used by such encumbrance holder, effecting such priority.

Section 23. Estoppel Certificate and Financial Information.

      (A) Each party agrees, within twenty (20) days after request, to execute,
acknowledge and deliver to and in favor of any proposed mortgagee or purchaser
of the Demised Premises, or assignee or subtenant of Tenant, an estoppel
certificate, in the form customarily used by such party, stating (i) whether
this Lease is in full force and effect, (ii) whether this Lease has been
modified or amended and, if so, identifying and describing any such modification
or amendment, (iii) the date to which rent has been paid, and (iv) whether the
party furnishing such certificate knows of any default on the part of the other
party or has any claim against the other party and, if so, specifying the nature
of such default or claim.

      (B) Upon Owner's written request, Tenant shall deliver to Owner an audited
balance sheet and earnings statement of Tenant for the preceding fiscal year.

      (C) In connection with any financing or refinancing of the Demised
Premises by Owner, Tenant will cooperate with Owner, at Owner's expense, in
connection therewith and will provide Owner such financial information
concerning Tenant as a prospective lender, or rating agency, may reasonably
request.

      (D) If requested by Owner, Tenant shall prepare and deliver to Owner,
within ninety (90) days after the end of each calendar year during the term, a
proposed capital budget for the Demised Premises, which shall be for
informational purposes only.

Section 24. Condemnation and Governmental Action Restricting Use.

      (A) If either (i) the whole of the Demised Premises shall be condemned by
eminent domain for any public or quasi-public use or purpose or be conveyed in
lieu thereof (collectively, "Condemned"), or (ii) so much of the Demised
Premises shall be Condemned that the remainder of the Demised Premises would not
be suitable for Tenant's business, then in either case, (a) the term of this
Lease shall terminate as of the date possession shall be taken by the acquiring
authority, and (b) all rent hereunder shall be adjusted as of that date.

      (B) In the event of a partial Condemnation which is not extensive enough
to render the Demised Premises unsuitable for such use, then Owner shall, to the
extent only of the condemnation proceeds received by Owner, promptly restore the
Improvements to a condition comparable to their condition at the time of such
Condemnation, less the portion lost in the taking, and this Lease shall continue
in full force and effect. If the size of the Improvements or the amount of
parking on the Demised Premises is reduced, rent will be reduced equitably to
reflect the square footage lost.

      (C) In the event of any Condemnation of the Demised Premises, whether
whole or partial, Tenant shall have no claim against Owner or the condemning
authority for the value of the unexpired term, and Tenant shall not be entitled
to any part of the compensation or award, whether paid as compensation or
diminution in value to the leasehold or to the fee of the Demised Premises, and
Owner shall receive the full amount thereof, Tenant hereby waiving any right to
any part thereof and assigning to Owner its interest therein; PROVIDED, HOWEVER,
to the extent the amount recoverable by Owner, as hereinabove set forth, is not
diminished thereby, Tenant shall have the right to claim and recover from the
condemning authority (but not from Owner) such compensation as may be separately
awarded to Tenant in Tenant's own name and right on account of any cost which
Tenant may incur in removing its personal property from the Demised Premises or
for any of Tenant's personal property taken in the Condemnation.

      (D) If Tenant's use of Demised Premises shall be altered or impaired at
any time during the primary term or any additional term of the Lease by reason
of any governmental action restricting the Tenant's use of the

<PAGE>

Demised Premises (as opposed to governmental action requiring a general change
in the way Tenant conducts their business), whether local, state or federal,
which renders a portion or all of the Demised Premises untenantable, Tenant
shall be entitled to an Abatement of Minimum Rent, until such Improvements shall
again be made tenantable. The determination of untenantability (including the
extent thereof), the determination of the amount of the Abatement due to Tenant,
and the determination that the condition has been satisfactorily restored shall
be made by mutual agreement between the parties. Any unresolved disagreement
between the parties as to any of the terms of this Section shall be decided
according to the Arbitration provision contained in Section 49 of this Lease.
The formula for determining the amount of the Abatement and the corresponding
extension of the lease term shall be as set out in Section 50 hereof. No such
interference or impairment shall in any way affect the obligation of Tenant to
pay other charges payable by Tenant hereunder nor release Tenant of or from any
obligation imposed upon Tenant under this Lease, notwithstanding any law or
statute to the contrary. Tenant hereby waives any and all rights provided to
Tenant by law or statute to terminate this Lease upon the partial or total
impairment of the Improvements, now existing or hereinafter enacted.

Section 25. Default Provisions.

      (A) Tenant shall be in "Default" if any one or more of the following
events shall happen:

            (1) If default shall be made by Tenant in the due and punctual
payment of any rent due under this Lease when and as the same shall become due
and payable and such default shall continue for a period of five (5) days after
receipt of written notice thereof from Owner to Tenant; or

            (2) If default shall be made by Tenant in the performance of or
compliance with any of the terms, conditions, covenants or obligations contained
in this Lease to be observed and performed by Tenant other than those referred
to in the foregoing clause (1), and such default shall continue for a period of
thirty (30) days after receipt of written notice thereof from owner to Tenant,
or where such default is curable but cannot be cured within such 30-day period
if Tenant, within such period, shall not have commenced with due diligence and
dispatch the curing of such default or thereafter shall fail or neglect to
prosecute or complete with due diligence and dispatch the curing of such
default.

      If a Default occurs, Owner shall have the immediate right, in addition to
its other rights and remedies, at Owner's election:

            (i) as Tenant's legal representative, without terminating this
Lease, to make such alterations and repairs as Owner shall determine may be
reasonably necessary to relet the Demised Premises, and to relet the same or any
part thereof for such term or terms (which may be for a term extending beyond
the term of this Lease) and upon such other terms and conditions as Owner in its
reasonable discretion may deem advisable. Upon each reletting, all rentals
received by Owner from such reletting shall be applied, first, to the payment of
any indebtedness other than rent due under this Lease from Tenant to Owner;
second, to the payment of any reasonable costs and expenses of such reletting,
including brokerage fees and attorneys' fees and costs of such alterations and
repairs; and third, to the payment of rent due and unpaid hereunder. If such
rentals and other charges received from such reletting during any month are less
than those to be paid for that month by Tenant hereunder, Tenant shall pay any
such deficiency to Owner and such deficiency shall be calculated and paid
monthly, or

            (ii) to terminate this Lease and enter into and upon the Demised
Premises and take possession of the same, and Owner may hold and retain the
Demised Premises as of its first or former estate. If Owner takes possession of
the Demised Premises in accordance herewith, Owner shall be entitled to recover
"damages" (as hereinafter defined) from Tenant on account of Tenant's default.
For the purposes of this subsection, "damages" shall mean the difference, if
any, by which the Minimum Rent and additional rent for the remaining term of
this Lease exceed the then current fair market rental value of the Demised
Premises discounted to the date of the default utilizing an interest rate equal
to the Commerce Bank of Kansas City prime rate then in effect.

      (B) Upon obtaining possession of the Demised Premises by Owner under the
provisions aforesaid, whether or not Owner elects to terminate this Lease, all
deposits made by Tenant with utility companies, all rights of Tenant under
insurance policies, and claims for refund of any Real Estate Taxes or any
pending claims for insurance

<PAGE>

proceeds or Condemnation awards (collectively "Tenant Sums") shall be deemed to
be and are hereby assigned and transferred to Owner. Owner shall apply all
Tenant Sums obtained pursuant to this section to reduce any outstanding monetary
obligations owed by Tenant to Owner pursuant to this Lease.

      (C) Owner shall be in "Default" if Owner fails to substantially comply
with any material term or condition or fulfill any material obligation of the
Lease within 30 days after receipt of written notice by Tenant specifying the
nature of the default with reasonable particularity. If the default is of such a
nature that it cannot be completely remedied within the 30-day period, this
provision shall be complied with if Owner begins correction of the default
within the 30-day period and thereafter proceeds with reasonable diligence and
in good faith to effect the remedy as soon as practicable. If such material
failure or non-performance shall continue for a period of 30 days from the date
Owner receives Tenant's notice of default, and Owner has not begun such
correction and continued with reasonable diligence and in good faith to effect
the remedy since beginning, Tenant may, if it relates to the condition or use of
the Demised Premises, undertake to correct such default at a commercially
reasonable cost and, after submitting the bills for such work to Owner, deduct
such substantiated expenses for the work so necessitated by Owner's default from
the rent due hereunder.

Section 26. Owner's Right to Cure Defaults.

      If Tenant fails to perform any of the agreements or obligations on its
part to be performed under this Lease, Owner shall have the right (i) if no
emergency exists, to perform the same after giving thirty (30) days prior
written notice to Tenant, and (ii) in any emergency situation, to perform the
same immediately without notice or delay. For the purpose of rectifying Tenant's
defaults as aforesaid, Owner shall have the right to enter the Demised Premises.
Tenant shall on demand reimburse Owner for the reasonable costs and expenses
incurred by Owner in rectifying Tenant's defaults as aforesaid, including
reasonable attorneys' fees. Except for gross negligence or willful misconduct by
Owner, Owner shall not be liable or in any way responsible for any loss,
inconvenience, annoyance or damage resulting to Tenant or anyone holding under
Tenant for any action taken by Owner pursuant hereto. Any act or thing done by
Owner pursuant to the provisions hereof shall not constitute a waiver of any
such default by Tenant or a waiver of any covenant, term or condition herein
contained or the performance thereof.

Section 27. Right of Entry.

      Owner and its designees shall have the right to enter, upon at least 24
hours advance notice, during Tenant's normal business hours (or, in the event of
an emergency, anytime without notice), the Demised Premises for all lawful
purposes and to whatever extent necessary or appropriate to enable Owner to
exercise all of its rights under this Lease (including the right to perform
certain provisions of this Lease on Tenant's behalf, as set forth in Section
26). The exercise by Owner of its rights of entry herein granted shall not
constitute an eviction of Tenant, and the rent payable under this Lease shall
not abate by reason thereof. Nothing in this section shall be construed to
impose upon Owner any obligation whatsoever for the care, maintenance or repair
of the Demised Premises.

Section 28. Surrender, Removal and Restoration by Tenant.

      Subject to Sections 13 (Restoration) and 24 (Condemnation), and consistent
with the standard of maintenance provided in Section 12 (Repairs), on the last
day of the term or on the sooner termination thereof, Tenant shall (i) peaceably
surrender the Demised Premises (including all repairs, changes, alterations and
building equipment therein), broom-clean and in good order, condition and repair
given the age and condition of the buildings, except for reasonable wear and
tear, and (ii) at its expense remove from the Demised Premises the signs,
inventory, moveable furniture, telephone equipment, computer equipment,
emergency generators and underground propane tank, and trade fixtures therein
(collectively, "Tenant's Property" or "Personal Property"), and any such
property not so removed may, at Owner's election and without limiting Owner's
right to compel removal thereof, be deemed abandoned. Any damage to the Demised
Premises caused by Tenant in the removal of such items shall be repaired by
Tenant at its expense.

<PAGE>

Section 29. Conditions of Work for Repairs and Restoration.

      (A) All work for making changes or alterations as permitted by Section 8,
for complying with Laws as required by Section 10, for the making of repairs as
required by Section 12, and for repairing, restoring or rebuilding as required
by Sections 13 and 24 (each hereinafter in this section called the "Work"),
shall be done in all cases in accordance with the following conditions, which
Tenant covenants to observe and perform:

            (1) No Work involving structural alteration, restoration or
rebuilding shall be undertaken until plans and specifications have first been
submitted to and approved in writing by Owner. Work involving non-structural
alteration, restoration or rebuilding, which totals less than $100,000.00, may
be undertaken by Tenant at any time without obtaining Owner's consent or
approval, subject to the provisions of Section 8.

            (2) No Work involving structural alteration, restoration or
rebuilding shall be undertaken (i) except under the supervision of an architect
or engineer who shall have been approved by Owner, and (ii) until Tenant shall
have obtained from its contractor, a performance and payment bond, in the latest
edition of the A.I.A. form, in which Owner shall be named as a dual obligee, in
the total cost of the Work.

            (3) All Work shall be commenced only after all required municipal
and other governmental permits and authorizations have been obtained (Owner
agreeing to join in any application therefor, at Tenant's expense, whenever
necessary) and shall be done in a good and workmanlike manner and in compliance
with all Laws, and in accordance with the recommendations of Tenant's hazard
insurer. The Work shall be prosecuted with reasonable dispatch. At all times
when any Work is in progress, Tenant shall maintain or cause to be maintained
(1) adequate workmen's compensation insurance covering all persons employed in
connection with the Work and with respect to whom death or injury claims could
be asserted against Owner, Tenant or the Demised Premises, and (ii) for the
mutual benefit of Tenant and Owner, (x) comprehensive general liability
insurance against all occurrences, including liability assumed under contract,
to limits of not less than those required for public liability insurance under
Section 15 and (y) all-risk builders risk insurance in accordance with the
provisions of Section 14. Such insurance specified in clauses (x) and (y) shall
be in addition to the insurance required under Sections 14 and 15, but may be
effected by an appropriate endorsement, if obtainable, upon the insurance
policies referred to in said Sections 14 and 15. All policies of such insurance
shall comply with the provisions of Sections 14 and 15.

            (4) No Work shall be undertaken if the result of such Work would be
to reduce the floor area of the Building or the value of the Demised Premises as
reasonably determined by Owner. It is expressly understood and agreed by the
parties that provided the Work is completed in accordance with all other
provisions hereof, Tenant's plans to remove any of the walls and finishes in the
area currently referred to as the "Executive Wing" (the area comprised of the
Boardroom, Mr. Ferrell's former office/the Library, 2 private Executive offices
and surrounding common areas located in the northwest quadrant of the 2nd floor
of Building One), and to replace with an open work environment containing
workstations, shall not be considered Work which reduces the value of the
Demised Premises for purposes of this Section, and is not a condition which must
be restored at Lease termination.

            (5) Any plans created on Tenant's behalf shall be maintained by
Tenant. To the extent that they exist, Tenant shall keep a complete set of "as
built" plans and specifications with respect to all Work and all material
additions thereto and alterations therein, and Tenant shall, when and as
requested by Owner, deliver copies thereof to Owner. Plans and specifications
for Work shall be created at Tenant's expense, if Owner's approval is required
or if a local governmental entity requires said plans for obtaining permits and
approvals.

            (6) Upon request from Owner, Tenant shall deliver to Owner evidence
that such Work has been completed in compliance with all applicable Laws, and
paid for in full.

      (B) Subject to Tenant's obligations as contained elsewhere in this Lease
(including Tenant's obligation to comply with legal requirements per Section 10,
to make repairs per Section 12, to restore per Section 13, and to surrender,
remove and restore per Section 28), nothing contained herein shall be
interpreted or presumed to grant to Owner the right to independently and
arbitrarily require that any additional Work be performed on the Demised
Premises.

<PAGE>

      (C) Any capital improvements (including a replacement of the roof, the
HVAC system, electrical wiring, plumbing, etc.) required to be made by Tenant
hereunder during the last three (3) years of the Lease term, or extended term,
if applicable, shall be handled according to the following prescribed process:
The parties must mutually agree upon what capital improvements are required
hereunder, upon the extent and scope of said capital improvements, and the
estimated useful life of any said capital improvements, but for purposes of this
Section no capital improvement can be determined to have an useful life in
excess of fifteen (15) years. Once the necessity, scope, and useful life of the
capital improvements have been established, and the cost thereof determined by
the parties, the parties agree that Tenant shall only be responsible for the
pro-rata cost of the capital improvements for the duration of the term of this
Lease (e.g., if the necessary capital improvement in question has an agreed 10
year useful life and there are only 2 years remaining on the term of the Lease,
Tenant shall only be responsible for 20% of the total cost of making this
particular improvement). If Tenant's pro-rata share is less than 50% of the
total, Owner shall fund the capital improvement in its entirety and Tenant shall
reimburse their pro-rata share to Owner upon completion; likewise, if Tenant's
pro-rata share is 50% or greater of the total, Tenant shall fund the capital
improvement in its entirety and Owner shall reimburse their pro-rata share to
Tenant upon completion. If Tenant should later opt to extend this Lease per
Section 47, Tenant shall automatically be responsible for its increased prorata
share of the capital improvements made pursuant to this Section, and Tenant
shall pay that amount to Owner within 15 days of the Lease extension notice. Any
unresolved disagreement between the parties as to the application of any of the
terms of this Section shall be decided according to the Arbitration provision
contained in Section 49 of this Lease.

Section 30. Title to Improvements.

      The title to all buildings, alterations, additions, improvements, repairs,
decorations, heating and air conditioning equipment and fixtures (other than
Tenant's personal property and trade fixtures which can be removed without
damage to the Improvements), which shall have been made, furnished or installed
by or at the expense of either Owner or Tenant in or upon the Demised Premises,
shall vest in Owner upon the installation thereof, and the same shall remain
upon and be surrendered with the Demised Premises as a part thereof, without
charge.

Section 31. Holding Over.

      Any holding over after the expiration of the term shall be construed to be
a tenancy from month to month at 1 1/2 times the rent herein specified for the
last year of the term (prorated on a monthly basis) and shall otherwise be on
the terms and conditions herein specified so far as applicable. Nothing above
set forth shall be construed to authorize any such holding over or to limit
Owner's remedies in the event thereof.

Section 32. Legal Expenses; Remedies Cumulative.

      (A) In case suit shall be brought because of the breach of any covenant
herein contained on the part of Tenant or Owner to be kept or performed, and a
breach shall be established, the prevailing party shall be entitled to recover
all expenses incurred therefor, including reasonable attorneys' fees.

      (B) Owner's and Tenant's rights and remedies shall be cumulative and may
be exercised and enforced concurrently. Any right or remedy conferred upon Owner
or Tenant under this Lease shall not be deemed to be exclusive of any other
right or remedy it may have.

Section 33. Waiver.

      The waiver by Owner or Tenant of any breach of any term, covenant or
condition herein contained shall not be deemed to be a waiver of any subsequent
breach of the same or any other term, covenant or condition herein contained. No
covenant, term or condition of this Lease shall be deemed to have been waived
unless such waiver be in writing signed by the party charged therewith.

<PAGE>

Section 34. Notices.

      Whenever any notice, consent, approval or authorization (a "Notice" for
purposes of this section) is required or permitted under this Lease, such Notice
shall be in writing. All Notices required or permitted under this Lease shall be
addressed to the parties at their addresses first above set forth, or at such
other address as a party may later designate in writing. All Notices shall be
sent by registered or certified mail, or by nationally recognized overnight
courier service (such as Federal Express), in each case, with postage prepaid.
All Notices shall be effective upon being deposited in the United States mail,
or upon receipt by the overnight courier service, as the case may be; however,
the time period in which a response to any such Notice must be given shall
commence to run from the date of receipt by the addressee thereof. Rejection or
other refusal to accept, or the inability to deliver because of changed address
of which no Notice was given, shall be deemed to be receipt of the Notice as of
the date of such rejection, refusal or inability to deliver.

Section 35. Broker's Commission.

      (A) Tenant represents and warrants to Owner that it has not incurred or
caused to be incurred any liability for real estate brokerage commissions or
finder's fees in connection with the execution of this Lease for which Owner may
be liable.

      (B) Owner represents and warrants to Tenant that it has not incurred or
caused to be incurred any liability for real estate brokerage commissions or
finder's fees in connection with the execution of this Lease for which Tenant
may be liable.

      (C) Each of the parties agrees to indemnify and hold the other harmless
from and against any and all claims, liabilities or expense (including
reasonable attorneys' fees) in connection with its breach of the foregoing
representation.

Section 36. Survival of Obligations.

      All obligations of Owner and Tenant which by their nature involve
performance, in any particular, after the end of the term, or which cannot be
ascertained to have been fully performed until after the end of the term
(including the provisions of Sections 10 and 29), shall survive the expiration
or sooner termination of the term.

Section 37. Entire Agreement.

      This Lease sets forth all the covenants, promises, agreements, conditions
and understandings between Owner and Tenant concerning the Demised Premises.
There are no oral agreements or understandings between the parties hereto
affecting this Lease, and this Lease supersedes and cancels any and all previous
negotiations, arrangements, agreements and understandings, if any, between the
parties hereto with respect to the subject matters hereof, and none thereof
shall be used to interpret or construe this Lease; however, nothing set forth in
this section shall be deemed to affect the provisions of the Contract (or the
deed and other documents executed by Tenant or Seller in connection with the
conveyance of the Demised Premises to Owner in order to consummate the
provisions of the Contract), or the enforceability of the provisions thereof. No
subsequent alteration, amendment, change or addition to this Lease, nor any
surrender of the leasehold, shall be binding upon Owner or Tenant unless reduced
to writing and signed by them.

Section 38. Accord and Satisfaction.

      No payment by Tenant or receipt by Owner of a lesser amount than the rent
herein reserved shall be deemed to be other than on account of the earliest
stipulated rent, nor shall any endorsement or statement on any check or on any
letter accompanying any check be deemed an accord and satisfaction.

<PAGE>

Section 39. Captions and Interpretation.

      The captions and section numbers appearing in this Lease in no way define,
limit, construe or describe the scope or intent of such sections of this Lease.
The language in all parts of this Lease shall in all cases be construed as a
whole according to its fair meaning, and not strictly for nor against either
Owner or Tenant, and should a court be called upon to interpret any provision
hereof, no weight shall be given to, nor shall any construction or
interpretation be influenced by, any presumption of preparation of a lease by
Owner or by Tenant.

Section 40. Partial Invalidity.

      If any term, covenant or condition of this Lease or the application
thereof to any person or circumstance shall to any extent be invalid or
unenforceable, the remainder of this Lease or the application of such term,
covenant or condition to persons or circumstances other than those as to which
it is held invalid or unenforceable, shall not be affected thereby and each
term, covenant or condition of this Lease shall be valid and enforced to the
fullest extent permitted by law.

Section 41. Recording.

      Neither party shall record this Lease in its entirety; however, the
parties shall join in the execution of a memorandum or so-called "short form" of
this Lease for the purpose of recordation, which shall be recorded immediately
following the Closing of the sale by Tenant as Seller to Owner as Buyer. The
cost of recordation shall be borne by Tenant as Seller.

Section 42. Applicable Law.

      The laws of the State of Missouri ("State") shall govern the validity,
performance and enforcement of this Lease.

Section 43. Successors.

      All rights and liabilities herein given to or imposed upon the respective
parties hereto shall extend to and bind the respective heirs, executors,
administrators, successors and permitted assigns of the said parties.

Section 44. Limitation on Leasehold Mortgage.

      Tenant will not mortgage its leasehold interest without the prior approval
of Owner and the mortgagee(s), if any, of the Demised Premises.

      If said leasehold mortgage is approved by a mortgagee of the Demised
Premises, Owner promptly will provide an estoppel agreement and other documents
reasonably required by Tenant's lender which do not impair the rights of Owner
or Owner's mortgagee of the Demised Premises.

Section 45. Quiet Enjoyment.

      Upon payment by Tenant of the rents and other charges herein provided, and
upon the performance of all the covenants, terms and conditions on Tenant's part
to be performed, Tenant shall peaceably and quietly hold and enjoy the Demised
Premises for the term without hindrance or interruption by Owner or any person
or persons whomsoever.

Section 46. Miscellaneous.

      (A) The terms "hereby", "hereof", "hereto", "herein", "hereunder", and any
similar terms shall refer to this Lease, and the term "hereafter" shall mean
after, and the term "heretofore" shall mean before, the date of this Lease. The
terms "include", "including" and similar terms shall be construed as if followed
by the phrase "without

<PAGE>

being limited to". The term "mortgage" shall include a deed of trust. The words
"days" shall refer to "calendar days", unless expressly defined as "business
days" (which shall exclude weekends and Federal holidays).

      (B) Notwithstanding any other provision to the contrary contained herein,
if either party shall be delayed or hindered in or prevented from the
performance of any act required under this Lease by reason of strikes, lockouts,
labor troubles, inability to procure materials, or other reason not the fault of
the party delayed in performing the work or doing the acts required under the
terms of this Lease, then performance of such act shall be excused for the
period of the delay, and the period for the performance of such act shall be
extended for a period equivalent to the period of such delay. The provisions of
this paragraph shall not (i) operate to excuse Tenant from prompt payment of
rent, or (ii) be applicable to delays resulting from the inability of a party to
obtain financing, or to proceed with its obligations under this Lease because of
a lack of funds.

Section 47. OPTION TO EXTEND.

      (A) First Option to Extend. Tenant, provided it is in full compliance with
all of its obligations under the Lease, shall have the option to extend the
Lease for an additional 5-year term commencing immediately following the
Termination Date and running for 60 months thereafter ("Expiration of 1st Option
Date"). To exercise this option, Tenant shall provide Landlord written notice of
its intent not less than 145 days before the expiration of the then current
term.

      All provisions of the Lease shall apply during this option period, except
that rent for the option period shall be increased in the same percentage as the
increase in the Labor Department Consumer Price Index - Midwest Urban - All
Items - from January 2005 to January 2015 ("Index"); i.e., if the Index for
January 2005 is 180.0 and the Index for January 2015 is 220.0, the percentage
increase is 22.222% and annual rent for the five years commencing at the
beginning of the 1st Option period shall be $473,000 + $105,110 (22.222% x
473,000) = $578,110.

      If the Index is discontinued, the parties will agree to a similar index
for purposes of determining rent adjustment.

      (B) Second Option to Extend. If Tenant has exercised its first option to
extend and is in full compliance with all terms of the Lease, then Tenant shall
have the option to extend the Lease for an additional 5 years beginning
immediately following the Expiration of 1st Option Date and running for 60
months thereafter ("Expiration of 2nd Option Date"). To exercise this option,
Tenant shall provide Landlord written notice of its intent not less than 145
days before the expiration of the then current term.

      All provisions of this Lease shall apply during this option period, except
that annual rent for the second option period shall be increased over the annual
rent of the first option period in the same percentage as the increase in the
Labor Department Consumer Price Index - Midwest Urban - All Items - from January
2015 to January 2020 ("Index"); i.e., if for example the Index for January 2015
is 220.0 and the Index for January 2020 is 250.0, the percentage increase is
13.636% and (assuming for purposes of the example that the annual rent during
the first option period was $578,110) the annual rent for the five years
commencing at the beginning of the 2nd Option period shall be $578,110 + $78,831
(13.636% x 578,110) = $656,941.

Section 48. WAIVER OF TRIAL BY JURY.

      THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM BROUGHT BY EITHER PARTY AGAINST THE OTHER ON ANY MATTER ARISING OUT
OF OR IN ANY WAY CONNECTED WITH THIS LEASE, THE RELATIONSHIP OF OWNER AND
TENANT, OR TENANT'S USE AND OCCUPANCY OF THE DEMISED PREMISES.

Section 49. ARBITRATION.

      Per Sections 8, 12, 14, 24 and 29 of this Lease, whenever the parties are
unable to reach mutual agreement on the resolution of a dispute or controversy
after 10 days of good faith negotiations ("initial negotiations"), they shall
each immediately retain and pay for their own independent, disinterested third
party expert in the respective

<PAGE>

subject area (e.g., a qualified and reputable commercial roofing contractor for
issues related to the roofing of the Improvements; a qualified and reputable
commercial heating and air conditioning engineer for HVAC issues; a qualified
and reputable licensed structural engineer for issues relating to a
determination of whether particular Work is structural or non-structural; a SIOR
office-designated commercial real estate broker to advise on issues relating to
tenantability during the lease term and final condition of the Demised Premises
at lease termination; etc.), to advise and provide additional information on the
matter in controversy. The parties shall continue to negotiate in good faith
with the assistance of their respective experts for an additional 20 days after
the completion of the initial negotiations ("secondary negotiations"). Should
the parties still be unable to reach mutual agreement on the matter in dispute
or controversy at the completion of secondary negotiations, their respective
experts shall mutually select a third expert, who will be paid jointly by the
parties to consider all information gathered by the parties and their experts,
and to render a final decision ("final decision"). The final decision on the
matter under dispute or controversy shall NOT be considered legally final and
binding on the parties and may be the subject of future litigation or legal
appeal; however, failure by either party to generally conform in good faith to
the procedures outlined herein shall constitute a waiver by the defaulting party
on the matter in dispute or controversy and preclude them from instituting any
future litigation on the matter.

Section 50. ABATEMENT; LEASE EXTENSION.

      Per Sections 14 and 24, whenever a portion of the Improvements shall be
deemed untenantable, and Tenant is entitled to the Abatement of Minimum Rent,
the following formula shall be utilized: the square footage of the space
determined to be untenantable shall be divided by the total square footage of
the gross rentable square footage area of the Improvements (assumed for these
purposes to be 54,441 square feet), which shall be multiplied by the then
current monthly Minimum Rent, the product of which shall be the monthly Abated
Rental amount. Tenant shall be allowed to reduce monthly payments of Minimum
Rent by the monthly Abated Rental amount during such untenantability. The
monthly Abated Rental amount when multiplied by the number of months that the
affected space was untenantable shall be referred to as the "Minimum Rent Credit
Total" for the untenantable space. When Abatement takes place, the Term of the
Lease shall likewise be extended so that Owner receives not less than all of the
Minimum Rent specified in this Lease for the Term or Option Term, if applicable.
To determine the number of months the Term of this Lease will be extended, the
Minimum Rental Credit Total shall be divided by the then current monthly Minimum
Rent, and any partial month shall be rounded up to a full month. For example,
under this formula, should it be determined that 10,000 square feet of space is
deemed untenantable during the initial term of this Lease for a 6.5 month
period, the calculation would be as follows:

      (10,000/54,441) X $39,416.67= $7,240.25 Monthly Abated Rent. Multiplying
      that amount by 6.5 months = $47,061.63, as the Minimum Rent Credit Total.
      The Minimum Rent Credit Total of $47,061.63 divided by the then current
      monthly Minimum Rent of $39,416.67 = 1.19 months of Abatement of rent, and
      which will be rounded up to extend the Term of this Lease by two (2)
      months.

Notwithstanding any rent abatement authorized hereunder, but subject to Lease
termination in Section 24, the full amount of the Minimum Rent for the Lease
Term or Option Term, if applicable, provided for herein shall be paid and any
portion thereof that has not been paid by last day of the lease shall be due and
payable by Tenant to Owner on last day of lease.

      IN WITNESS WHEREOF, the parties hereto have executed this Lease effective
as of the date first above written.

OWNER:                                      TOWER PROPERTIES COMPANY

                                            By: /s/ Thomas R. Willard
                                                ---------------------
                                            Print Name: Thomas R. Willard

                                            Title: Pres./CEO

<PAGE>

TENANT:                                FERRELLGAS, L.P.

                                       By Ferrellgas, Inc., its general partner

                                       By: /s/ Kenneth A. Heinz
                                           --------------------
                                       Print Name: Kenneth A. Heinz

                                       Title: Sr. VP Corporate Development

<PAGE>

STATE OF Missouri )
                  ) ss:
COUNTY OF Clay    )

      On this 1st day of March, 2005, before me personally appeared Thomas R.
Willard, to me personally known, who being by me duly sworn did say that he/she
is President & CEO of Tower Properties Company, and that as such has authority
to execute the foregoing instrument on behalf of said corporation, and
acknowledged that he/she executed the same as his/her free act and deed and as
the free act and deed of said corporation.

      IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year last above written.

                                           /s/ Margaret V. Schroeder
                                           -------------------------
                                           Notary Public

                                           Print Name: Margaret V. Schroeder

My Commission Expires:

July 30, 2008

STATE OF Missouri )
                  ) ss:
COUNTY OF Clay    )

      On this 28th day of February 28, 2005, before me personally appeared
Kenneth A. Heinz, to me personally known, who being by me duly sworn did say
that he/she is Sr. V.P. Corporate Development of Ferrellgas, Inc., a Delaware
company, as General Partner of Ferrellgas, L.P., a Delaware Limited Partnership,
and that as such has authority to execute the foregoing instrument on behalf of
said limited liability company and limited partnership, and acknowledged that
he/she executed the same as his/her free act and deed and as the free act and
deed of said limited liability company and limited partnership.

      IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official
seal the day and year last above written.

                                           /s/ Erin M. Strickland
                                           ----------------------
                                           Notary Public

                                           Print Name: Erin M. Strickland

My Commission Expires:

December 10, 2008

<PAGE>

                                    EXHIBIT A

                                DEMISED PREMISES

TRACT 1:

LOT 1, LIBERTY PLAZA, A SUBDIVISION IN LIBERTY, CLAY COUNTY, MISSOURI.

TRACT 2:

LOT 1, LIBERTY PLAZA REPLAT -LOT 1, A SUBDIVISION IN LIBERTY, CLAY COUNTY,
MISSOURI.

TRACT 3:

ALL THAT PART OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHEAST
QUARTER OF SECTION 14,TOWNSHIP 51,RANGE 32,IN THE CITY OF LIBERTY, CLAY COUNTY,
MISSOURI, DESCRIBED AS FOLLOWS:

COMMENCING AT THE INTERSECTION OF THE NORTHERLY RIGHT OF WAY LINE OF MELROSE
STREET, AS SHOWN ON THE RECORDED PLAT OF THE RESURVEY OF BLOCK 1,WILSHIRE
ESTATES, A SUBDIVISION IN SAID CITY, COUNTY, AND STATE, AND THE EASTERLY RIGHT
OF WAY LINE OF INTERSTATE ROUTE NO.35 AS SAID STREET AND HIGHWAY ARE NOW
ESTABLISHED; THENCE NORTH 27 DEGREES 58 MINUTES 19 SECONDS EAST ALONG SAID
EASTERLY LINE OF INTERSTATE ROUTE NO.35,A DISTANCE OF 750.00 FEET TO THE TRUE
POINT OF BEGINNING OF THE TRACT OF LAND TO BE HEREIN DESCRIBED; THENCE
CONTINUING NORTH 27 DEGREES 58 MINUTES 19 SECONDS EAST, ALONG SAID HIGHWAY LINE,
A DISTANCE OF 50.00 FEET; THENCE SOUTH 62 DEGREES 91 MINUTES 41 SECONDS EAST, A
DISTANCE OF 100.00 FEET; THENCE SOUTH 27 DEGREES 58 MINUTES 19 SECONDS WEST, A
DISTANCE OF 50.00 FEET; THENCE NORTH 62 DEGREES 01 MINUTES 41 SECONDS WEST A
DISTANCE OF 100.00 FEET; TO THE POINT OF BEGINNING.exv10w16

 

Exhibit 10.16

May 13, 2005

Randall D. Bongarten

c/o Emmis Communications Corporation

40 Monument Circle, Suite 700

Indianapolis, IN 46204

     Re: Amendment to Employment Agreement

Dear Randy:

     This letter shall confirm our agreement to amend your employment agreement with Emmis
Operating Company dated March 1, 2003 (the “Agreement”), upon the terms and subject to the
conditions set forth in this letter (the “Amendment”).

     Except as otherwise provided below, this Amendment is effective upon execution by you. Any
capitalized words or phrases used and not defined in this Amendment shall have the meanings
ascribed to them in the Agreement or Exhibit A to the Agreement. This shall confirm that the
parties have agreed as follows:

1. The Term of the Agreement has been extended through February 28, 2009. After February 28, 2006,
“Contract Year” shall mean the twelve (12) month period commencing on March 1, 2006 and on each
anniversary thereof during the Term.

2. Effective March 1, 2006, the dollar amount set forth in the first sentence of Section 3.4 shall
be increased from Five Hundred Thirty Five Thousand Dollars ($535,000) to Five Hundred Ninety Five
Thousand Dollars ($595,000).

3. The Base Salary shall be increased to Four Hundred Ninety Five Thousand Dollars ($495,000) each
Contract Year during the Term, commencing with the Contract Year beginning March 1, 2006 (“FYE
07”).

4. After payment of any Contract Year Bonus earned for the period ending February 28, 2006, Section
6.2 shall be modified to reflect the following: Commencing with FYE 07, the target amount of the
Contract Year Bonus shall be increased to Three Hundred Forty One Thousand Five Hundred Dollars
($341,500) each Contract Year, and the third and fourth sentences of Section 6.2 shall be deleted
and replaced with the following language:

     “Employer may pay all or a portion of any Contract Year Bonus in Shares in the same manner
utilized for other senior management level employees.”

Unless subsequently changed by the Compensation Committee, the performance goals for FYE 07 shall
be:

 

 

	 	 	 	 	 	 	 
	 	 	Target Bonus	 	 	Performance Goal
	1.
	 	$	239,050	 	 	Television Station Operating Income Target
	2.
	 	$	102,450	 	 	Individual Performance (Discretionary)

Television Station Operating Income or any other applicable performance targets or goals shall be
defined and determined by the Compensation Committee each Contract Year. The Compensation
Committee reserves the right to amend the performance goals to the extent it deems appropriate in
order to take into account any material acquisition, disposition, reorganization, recapitalization
or other material transaction involving Employer or its properties. Executive shall earn a certain
percentage of each Contract Year Bonus in accordance with the applicable bonus scale adopted by the
Employer for the subject Contract Year.

5. Section 6.3 shall be deleted in its entirety and replaced with the following language:

     “6.3 Equity Incentive Compensation. For the Contract Year beginning March 1, 2005, at
such time as Employer generally awards equity incentive compensation to members of Employer’s
senior management team, Executive shall receive Seven Thousand Five Hundred (7,500) Shares (as
defined below) and an option (“Option”) to acquire Twenty Five Thousand (25,000) Shares. Each
Contract Year during the Term, beginning with FYE 07, at such time as Employer generally awards
equity incentive compensation to members of Employer’s senior management team, Executive shall
receive Nine Thousand (9,000) Shares and an Option to acquire Thirty Thousand (30,000) Shares. As
used herein, “Shares” shall mean shares of Class A Common Stock of Emmis Communications
Corporation. The grants of Options and Shares shall be pursuant to the terms and subject to the
conditions of the applicable Equity Incentive Plan of Employer, the Option agreements evidencing
the Option grants and the restricted stock agreements evidencing the grants of Shares. In the
event of any change in the outstanding Shares by reason of any reorganization, recapitalization,
reclassification, merger, stock split, reverse stock split, stock dividend, asset spinoff, share
combination, consolidation, or similar event, the number and class of all Shares awarded pursuant
to this Agreement or covered by an Option granted pursuant to this Agreement (and any applicable
Option exercise price) shall be adjusted by the Compensation Committee in its sole discretion and
in accordance with the terms of the applicable Equity Incentive Plan of Employer, the Option
agreement evidencing the grant of the Option and the restricted stock agreement evidencing the
grant of Shares. The determination of the Compensation Committee shall be conclusive and binding.”

6. After the delivery of any Bonus Shares earned for the period ending February 28, 2006 pursuant
to Section 6.4, Section 6.4 shall be deleted in its entirety and replaced with the following
language:

2

 

     “6.4 Completion Bonus. On or about February 28, 2009, Executive shall receive Fifty
Thousand (50,000) Shares (the “Completion Shares”); provided, that (i) this Agreement is in effect
on February 28, 2009 and has not been terminated for any reason (other than a breach of this
Agreement by Employer); and (ii) Executive has fully performed all of Executive’s duties and
obligations under this Agreement throughout the Term and is not in breach of any of the material
terms and conditions of this Agreement. The Completion Shares shall be freely transferable when
delivered to Executive subject to Employer’s securities trading policy and applicable federal and
state law. Employer shall have the right, in its sole and absolute discretion, to pay to Executive
the value of the Completion Shares (in the same manner applied to other senior management level
employees) in cash in lieu of granting Executive the Completion Shares.”

7. Effective March 1, 2005, Section 15.9 shall be deleted and shall be of no further force and
effect.

8. The third and fourth sentences of Section 11.4 shall be deleted and shall be of no further force
and effect.

9. In Section 14, Gary Kaseff’s address has been changed to 3500 W. Olive Avenue, Suite 1450,
Burbank, California 91505.

10. The Change in Control Agreement attached as Exhibit A to the Agreement shall be amended as
follows:

     (a) Section 1(e)(iii)(B) shall be deleted in its entirety and replaced with the following
language:

          “(iii) the consummation of (B) the sale or other disposition of all or substantially all of
the assets of the Company to any Person or the sale or other disposition of all or substantially
all of the television assets of the Company to any Person;”

     (b) The language at the end of the first paragraph of Section 1(e) beginning with “, or (b)
in the event the Company separates...” and ending with “...of the Board of Directors of the Company or
any Successor” shall be deleted.

     (c) The following shall be added at the end of the first paragraph of Section 1(e):

          “Notwithstanding the foregoing, a Change in Control of the Company shall be deemed not to have
occurred with respect to any Executive, if (i) such Executive is, by written agreement executed
prior to such Change in Control, a participant on such Executive’s own behalf in a transaction in
which the persons (or their Affiliates) with whom such Executive has such written agreement acquire
any of the television assets and, pursuant to the written agreement, the Executive has an equity or
similar interest in the resulting entity or assets or a right to acquire such an equity or similar
interest, or (ii) following the consummation of the sale or other disposition of all

3

 

or substantially all of the television assets of the Company to any Person, the Company or
Affiliates of the Company manages such assets.”

     (d) In Sections 9(a) and 9(b), the term “Business Combination” shall include a sale of all or
substantially all the television assets of the Company and the terms “surviving corporation” and
“successor entity” shall also mean the purchaser of all or substantially all of the television
assets of the Company, as applicable.

     (e) In Section 9(b), the specified failure of the Company to obtain such assumption and
guarantee, while considered a breach of the Change in Control Agreement, shall not be considered a
breach of the Agreement.

     (f) As used above, “substantially all of the television assets of the Company” means assets
representing at least sixty-five percent (65%) of the Television Station Operating Income of the
Company as reported by the Company for the fiscal year ending February 28, 2005.

All of the terms and conditions set forth in the Agreement and Exhibit A shall remain unchanged and
in full force and effect unless specifically modified in this Amendment. All references to the
Term or its expiration or termination shall be adjusted to properly reflect the language set forth
above. This Amendment shall be incorporated by reference into the Agreement and made a part
thereof. In the event of any conflict between any provision of this Amendment and any provision of
the Agreement, this Amendment shall govern and control.

Please sign below where indicated to signify your acceptance of the terms and conditions set forth
in this Amendment. Should you have any questions about this Amendment, please let me know.

Sincerely,

	 	 	 
	/s/ Jeffrey H. Smulyan

	 	 
	Jeffrey H. Smulyan, Chairman and Chief Executive
	 	 
	Officer, Emmis Operating Company and Emmis
	 	 
	Communications Corporation
	 	 
	 
	 	 
	ACCEPTED AND AGREED:
	 	 
	 
	 	 
	/s/ Randall D. Bongarten

	 	 
	Randall D. Bongarten
	 	 

4

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