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<br />EXERCISE OF OPTION <br /> <br />STATE OF TEXAS ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF LAMAR ~ <br /> <br />That TERRY McFATRIDGE did heretofore, in the Pasture Lease Agreement <br />dated August 12, 199\, lease that portion of Lake Gibbons property highlighted and labeled <br />"Pasture" on Exhibit A attached hereto and made a part thereof, from the CITY OF <br />PARIS, Paris, Texas, a municipal corporation. <br /> <br />TERRY McFATRIDGE does hereby execute his option for the five (5) year period <br />beginning September 1,1996, and ending August 31,2001. <br /> <br />, <br />SIGNED this 3rd day of September, 1996. <br /> <br />TERRY McFATRIDGE <br /> <br />ACCEPTANCE of the above Exercise of Option is acknowledged this 9th day of <br />September, 1996. <br /> <br />CITY OF PARIS <br /> <br />Michael E. Malone, City Manager <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br />'~' <br />STATE OF TEXAS ~ <br /> <br />COUNTY OF LAMAR ~ <br /> <br />BEFORE ME, the undersigned authority, on this day personally appeared Terry <br />McFatridge, known to me to be the person whose name is subscribed to the foregoing <br />instrument, and acknowledged to me that he executed the same for the purposes and <br />consideration therein expressed. <br /> <br />GIVEN UNDER MY HAND AND SEAL OF OFFICE this _ day of <br />September, 1996. <br /> <br />Notary Public, State of Texas <br /> <br />EXHIBIT A <br />