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8/15/18 <br />LEASE shall be extended to include such applicable extension period and (ii) the Base Rent charged <br />to PROJECT during such period shall be a total of $10 per year. To the extent permitted by state law, at <br />the end of the primary LEASE term and all its options, PROJECT will have the option to purchase <br />the theater at its then fair market value. <br />IN WITNESS WHEREOF, the parties hereto have executed and delivered this LEASE as of the date and <br />year first set forth above written. <br />ATTEST: <br />By: <br />Janice Ellis, City Secretary <br />APPROVED AS TO FORM: <br />By: ......... <br />Stephanie Harris, City Attorney <br />PARIS GRAND THEATER PROJECT, INC. <br />By:....�.�.�______.�______mm <br />President <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS, TEXAS <br />By: <br />Dr. Steve J. Clifford, Mayor <br />This instrument was acknowledged before me on the day of <br />My Commission Expires: <br />17 <br />Texas Notary Public <br />2018, by <br />