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<br />which ends July 31, 2027. The granting of said second option is subject to the <br /> <br /> <br />requirements set forth in paragraph 16(b)." <br /> <br /> <br />2. By adding paragraphs 16(a) and 16(b) to read as follows: <br /> <br /> <br />"16 (a). In the event LESSEE shall keep each and every agreement contained herein <br /> <br /> <br />and do and perform all the obligations required of them hereunder during the primary term <br /> <br /> <br />of this Lease, an option is hereby given and granted to LESSEE to renew and extend this <br /> <br />Lease for a period of TEN (10) years from and after the expiration of this agreement, <br /> <br /> <br />which option may be exercised by LESSEE giving notice, in writing, of their intention to <br /> <br /> <br />renew said lease ninety (90) days prior to the expiration of the primary term of the Lease, <br /> <br /> <br />and shall be under such terms as previously provided. <br /> <br />"16(b). Further, in the event LESSEE shall keep each and every agreement <br /> <br />contained herein and do and perform all the obligations required of them hereunder during <br /> <br /> <br />the first option of this Lease, a second option is hereby given and granted to LESSEE to <br /> <br /> <br />renew and extend this Lease for a period of TEN (10) years from and after the expiration <br /> <br /> <br />of said first option, which second option may be exercised by LESSEE giving notice, in <br /> <br />writing, of their intention to renew said lease ninety (90) days prior to the expiration of the <br /> <br />first option of the Lease, and shall be under such terms as previously provided." <br /> <br />EXECUTED on this the 9th day of March, 1998. <br />CITY OF PARIS, PARIS, TEXAS <br /> <br />By: <br /> <br />Michael E. Malone, City Manager <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />