2001-134-RES APPROVING/AUTHORIZING EXECUTION OF LEASE AGREEMETN WITH RED RIVER VALLEY FAIR ASSN

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9. That LESSOR shall have the right and privilege of using any portion of said property so leased for functions sponsored by the City of Paris, or any department thereof, which function has been approved by the City Council of the City of Paris, which use shall be conducted on a non-interfering basis with the LESSEE's use. 10. That LESSOR shall have the right and privilege, at its option, to terminate this Lease for necessary municipal functions so declared by the City Council of the City of Paris, and, upon the giving of ninety (90) days written notice by LESSOR, LESSEE shall vacate such portion to be so utilized. II. Should LESSEE default in, or fail or refuse to keep, any of the covenants, conditions, stipulations and/or provisions herein contained, notice thereof shall be given to LESSEE by LESSOR, in writing, and, in the event such default, failure or refusal has not been corrected or performed within ten (10) days from the date of such notice, then this Lease may be terminated at LESSOR's option, and it shall be lawful for LESSOR to re-enter the leased premises and remove all persons, property and effects therefrom, each and every claim for damages by LESSEE for or by reason of said re-entry being hereby expressly waived. 12. That all notices provided for herein must be made by registered or certified mail, return receipt requested, addressed as follows: If to LESSOR: City Clerk City of Paris P. O. Box 9037 Paris, TX 75461-9037 If to LESSEE: Secretary Red River Valley Fair Association P. O. Box 965 Paris, TX 75460 That the parties have the right to change their addresses by giving at least fifteen (15) days written notice to the other party of the new address. 13. The terms of this Lease are binding on, and the benefits herein inure to, the heirs, administrators and executors of LESSEE. 5