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STATE OF TEXAS § <br />COUNTY OF LAMAR § <br />EXERCISE OF OPTION <br />KNOW ALL MEN BY THESE PRESENTS: <br />That LOYD BARROW and SYBIL BARROW did heretofore, in the Hay Lease <br />Agreement dated September 8, 1986, lease that portion of Lake Gibbons property <br />highlighted and labeled 'Barrow" on Exhibit A attached hereto and made a part thereof, <br />from the CITY OF PARIS, Paris, Texas, a municipal corporation. <br />LOYD BARROW and SYBIL BARROW do hereby execute their option for the <br />ten (10) year period beginning August 1, 1996, and ending July 31, 2006. <br />SIGNED this 13th day of August, 1996. <br />ACCEPTANCE of the above Exercise of Option is acknowledged this 9th day of <br />September, 1996. <br />CITY OF PMIS <br />yrs , <br />Michael E. Malone, City Manage <br />ATTEST: <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />f. K. Haynes; City Attorney <br />STATE OF TEXAS } <br />COUNTY OF LAMAR } <br />BEFORE ME, the undersigned authority, on this day personally appeared Loyd <br />Barrow and Sybil Barrow, known to me to be the persons whose names are subscribed to <br />the foregoing instrument, and acknowledged to me that they executed the same for the <br />purposes and consideration therein expressed. <br />GIVEN UNDER MY HAND AND SEAL OF OFFICE this A7 day ofd}, <br />1996. <br />I <br />Notary Public, State of Texas <br />