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<br />Lease Term. If Tenant falls to deliver Landlord written notice <br />of the exercise of an Option within the prescribed Um.. period, <br />such Option and any 8uccoodin8 Optlon~ .h.ll lapse, And there <br />shall be. 110 furtbar ri8ht to llxtend the T.RAse Term. Each Ort.lon <br />shall be exerciaable by Tonant on the oxpresg condittnn that at <br />lhe time of the exercise, and at all tlmu prior to the <br />commencement of such Extonsion(s), Tonant .hall not be in default <br />under any of the provhions uf thb Lense. Thl\ fore80ing <br />Option(s) are per.onal to Tanant end may not be exercised by any <br />8ss1gnee or tub-tenant. <br /> <br />33. PURCHASE OPTION. At any time during tho term of t.ho luuRe the <br />Le..ae shall hava the option to purchase the laased property for <br />the sum of $200.000. <br /> <br />IXICUTBD in duplicate thi. the 15th day nf <br /> <br />April <br /> <br />, 1992. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br /> <br /> <br /> <br />By: Michael E. Malone, City Manager <br /> <br />ATTEST: <br /> <br /> <br /> <br />Mattie Cunningham, <br />