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<br />MASTER LEASE AGREEMENT <br /> <br />COUNTY OF LAMAR ) <br />) <br />STATE OF TEXAS ) <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />THIS LEASE AGREEMENT is made this [] day of [], 20[], by and between the CITY OF <br /> <br />PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its City Manager, Michael <br /> <br />E. Malone, duly authorized, hereinafter referred to as LESSOR, and [NAME], [ADDRESS], [CITY], <br /> <br />[COUNTY] County, Texas, hereinafter referred to as LESSEE. <br /> <br />WITNESSETH <br /> <br />For and in consideration of the construction of a hangar and the payment of the monthly <br /> <br />ground lease payment, due on or before the 1 st day of each month, to the LESSOR, and each month <br /> <br />thereafter, as follows: $[] per month, said LESSOR does lease, rent, and let unto LESSEE that <br /> <br />portion of Cox Field property described in Exhibit "A," attached hereto and made a part hereof for <br /> <br />all legal purposes, hereinafter referred to as the property or leased premises. The first such monthly <br /> <br />payment shall be due and payable on or before the first day of [], 20[], with successive monthly <br /> <br />payments being due and payable on the first day of each month thereafter during the term hereof. <br /> <br />LESSEE hereby leases the leased premises from LESSOR subject to the terms, covenants <br /> <br />and conditions stated below, and shall have the right and privilege to construct and maintain certain <br /> <br />improvements as described herein on the leased premises. <br /> <br />LESSEE has inspected the leased premises and accepts it in its present (as-is) condition <br /> <br />unless expressly noted otherwise in this Lease. LESSOR and any agent have made no express or <br /> <br />implied warranties as to the condition or permitted use ofthe leased premises. LESSEE must satisfy <br /> <br />itself that the leased premises may be used as LESSEE intends by independently investigating all <br /> <br />Master Lease Al!:reement - page 1 <br /> <br />r" <br />