1990-010-RES WHEREAS, the City Council of the City of Paris of encouraging aeronautical activities at Cox Field

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23. That LESSOR may at its option terminate this lease as to the entire hangar building, or any part thereof, which may be necessary, in the event LESSOR desires to use the property, or any portion thereof, for necessary municipal functions, such as extension of runways or erection of other airport facilities. In the event of either of the above contingencies LESSOR shall give the LESSEE ninety (90) days notice in writing of its intention to utilize the building or any part thereof. In the event this option is exercised by the LESSOR, all rental payments collected under this lease shall be refunded to LESSEE, and LESSEE shall be paid his costs of any improvements authorized by LESSOR and made to said building. 24. During the time of war or national emergency, LESSOR shall have the right to lease the landing area or any part thereof to the United States Government for military or naval use, and, if such lease is executed, the provisions of this instrument insofar as they are inconsistent with the provisions of the lease to the Government, shall be suspended. 25. In the event LESSEE shall keep each and every agreement contained herein and do and perform all the obligations required of LESSEE hereunder during the term of this lease, an option is hereby given and granted to LESSEE to renew and extend this lease for an additional period of five (5) years from and after the expiration of this agreement at a rental rate to be negotiated at that time; by LESSEE giving notice in writing of LESSEE'S intention to renew said lease on or before the 1st day of December, 1994. 26. The terms of this lease are binding on and the benefits herein inure to the heirs, administrators and executors of LESSEE.