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<br />LEASE AGREEMENT <br /> <br />This agreement is made and entered into by and between ~ed <br />River Valley Fair Association, Inc., a non-profit organizati::m, <br />hereinafter referred to as Lessor, and Reno Fire and Rescue, a <br />Texas Corporation, a non-profit organization, hereinafter refer~ed <br />to as Lessee.. <br /> <br />For and in consideration of the mutual promises herein <br />expressed the Lessor and Lessee do hereby agree to the followi~g: <br /> <br />WITNESSETH: <br /> <br />I. PURPOSE OF LEASE: <br />The Lessee wishes to lease from the Lessor certain space to <br />conduct bingo operations licensed by the State of Texas only. <br /> <br />II. PREMISES: <br />Lessor agrees to lease and the Lessee agrees to lease from :he <br />Lessor the following described property, all the floor area in ;:g <br />T i. in e B i ;1 goB u i 1 d i. n g 0 nth e pro per t y , 10 cat e d at 18 7 5 F 1 t Z : ~ _>} h <br />Street, Paris, Lamar County, Texas for the bingo occasions per ~~ek <br />as desi9nated on the Lessee's Texas Bingo license (Monday). <br /> <br />III. DUTIES OF LESSOR: <br />Lessor shall provide parking facilities, <br /> <br />equipmen:: <br /> <br />;::'1 ~ <br />_~. ..u <br /> <br />"1 t. l~ i ;: j. e s . <br /> <br />IV. TERM: <br />The term of this lease shall be for a perlca from the 1st ~aj <br />of February 2006 to the 1st day of March 2007. <br /> <br />V. CONSIDERATION: <br />The Lessee shall pay the Lessor the amount of $250.00 <br />per whole session (Bingo occasion). The consideration for the <br />lease of this building shall be due and payable monthly. The first <br />payment will be due and payable monthly after the execution of this <br />lease, with rent payments being due and payable monthly each and <br />every month thereafter, during the term of this lease. Total reDeal <br />for any month may not in any case exceed $600.00 per bingo occasion <br />actually conducted by lessee during that month. <br /> <br />Lessee shall make payment to the Lessor at: <br /> <br />Red River Valley Fair Association, Inc. <br />570 East Center Street <br />Paris, Texas 75460 <br /> <br />VI. REPRESENTATIONS OF LESSEEi <br />The Lessor agrees and acknowledges that Lessee is a non-prc~it <br />organization as that term is defined ~nder the governing or the <br />blngo statutes in the State of Texas and that the Lessee holds a <br />.valid license to conduct bingo within the State of Texas issued by <br /> <br />EXHIBIT A <br />