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<br />EXERCISE OF OPTION <br /> <br />STATE OF TEXAS <br /> <br />) <br />) <br />) <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF LAMAR <br /> <br />KNOW ALL MEN BY THESE PRESENTS, That James M. Wrenn, Jr. did heretofore, <br />in the Lease Agreement dated October I, 1990, lease that portion of Cox Field property known <br />as the main hangar, being described more fully on Exhibit A to said lease, attached thereto and <br />made a part thereof, from the CITY OF PARIS, Paris, Texas, a municipal corporation. <br /> <br />James M. Wrenn, Jr. does hereby execute his option for the five (5) year period <br />beginning March I, 1995, and ending February 28, 2000, at the rental rate of $375.00 per <br />month, plus utilities. <br /> <br />SIGNED this 13th day of January, 1995. <br /> <br />James M. Wrenn, Jr. <br /> <br />Acceptance of the above Exercise of Option is acknowledged this 13th day of February, <br /> <br />1995. <br /> <br />CITY OF PARIS <br /> <br />By: <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 />