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<br />LEASE AGREEMENT
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<br />STATE OF TEXAS
<br />COUNTY OF LAMAR
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<br />KNOW ALL MEN BY THESE PRESENTS
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<br />THIS LEASE AGREEMENT, made and entered into this 12th day of May, 1997, by and
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<br />between the CITY OF PARIS, Paris, Texas, a municipal corporation, by and through its Mayor, Eric
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<br />S. Clifford, duly authorized, hereinafter called LESSOR, and MIKE GRIGSBY, of Lamar County,
<br />Texas, hereinafter called LESSEE, WITNESSETH:
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<br />For the term and consideration, and upon the terms, specifications and conditions herein
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<br />prescribed and specified, LESSOR does hereby let and lease to LESSEE, MIKE GRIGSBY, all that
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<br />portion of Culbertson Park, a recreation area owned by said CITY OF PARIS, bounded on the North
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<br />by Neathery Street, bounded on the East by 17th Street, SE, bounded on the South by East Hearon
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<br />Street, and bounded on the West by a fence running due North and South from Neathery Street to
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<br />East Hearon Street, which fence is located on the West side of the miniature golf course now existing
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<br />on the area involved, being the area now under fence on the extreme East portion of Culbertson Park.
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<br />The tenn of this lease shall be for a period of two (2) years from and after May 15, 1997, that is from
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<br />May 15, 1997, through May 14, 1999, at which time and on which date the same shall terminate,
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<br />unless sooner tenninated as herein specified and provided, during which term LESSEE may and shall
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<br />occupy the same and use the same as an amusement and recreation center, and for no other purpose,
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<br />on consideration of and for which, LESSEE, MIKE GRIGSBY, contracts, agrees and obligates
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<br />himself, his heirs and assigns, that he will pay and deliver over to the City Clerk of the City of Paris,
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<br />monthly, on the 1st day of each month, hereafter, during the term of said lease, a certified statement
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<br />of the gross receipts accruing to and from the operation of the amusement center and each facility
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<br />thereoffor the immediately preceding month, therewith paying and delivering to the City of Paris as
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<br />rental or lease money a sum equal to ten per cent (10%) of said gross receipts, income from the
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<br />operation of the miniature golf course, or any other amusement placed on and used in the aforesaid
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