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<br />RELEASE OF LEASE <br /> <br />STATE OF TEXAS ~ <br />~ <br />COUNTY OF LAMAR ~ <br /> <br />WHEREAS, on the 1st day of June, 1988, a certain lease <br /> <br />was entered into by and between the CITY OF PARIS, a <br /> <br />municipal corporation, of the County of Lamar and State of <br /> <br />Texas, hereinafter called LESSOR, and B. J. FAIN, hereinafter <br /> <br />called LESSEE, covering all the grasses and hay now standing <br /> <br />and growing and to be grown and the right to cut and bale the <br /> <br />same upon all tha t cer ta in trac t of land of the City of <br /> <br />Paris, situated in Lamar County, Texas, and known as the Lake <br /> <br />Gi bbons proper ty cons i sting of approx ima tely 635 acres of <br /> <br />land, said lease being for a term of five years beginning on <br /> <br />the first day of June, 1988, and whereas it is the desire of <br /> <br />the parties thereto to cancel and release said lease; <br /> <br />NOW THEREFORE, <br /> <br />in <br /> <br />consideration <br /> <br />of <br /> <br />the <br /> <br />LESSOR'S <br /> <br />discharging the LESSEE (as LESSOR hereby does) from all the <br /> <br />covenants and obligations contained therein, the said LESSEE <br /> <br />does hereby release and surrender all of his right, title and <br /> <br />interest in and to the above described lease and premises, <br /> <br />and the ownership of the barbed wire fences on the hay lease <br /> <br />property, effective the 15th day of July, 1991, and the said <br /> <br />J. B. FAIN, LESSOR, does hereby accept said release and <br /> <br />surrender and hereby consents and agrees to the cancellation <br /> <br />of said lease. <br /> <br />IN WITNESS WHEREOF the said parties have hereunto set <br /> <br /> <br />their hands this the 15th day of July, 1991. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br />