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LEASE AGREEMENT <br />This agreement is made and entered into by and between Red <br />River Valley Fair Association, Inc., a non-profit organization, <br />hereinafter referred to as Lessor, and American Legion Post #199, <br />a non-profit organization, hereinafter referred to as Lessee. <br />For and in consideration of the mutual promises herein <br />expressed the Lessor and Lessee do nereby agree to the following: <br />WITNESS TO: <br />I. PURPOSE OF LEASE: <br />The Lessee wishes to lease from the Lessor certain space r_o <br />conduct bingo operations licensed by the State of Texas only. <br />II. PREMISES: <br />Lessor agrees tc lease and the Lessee agrees to lease from the <br />Lessor the following described property, all the floor area in Eig <br />Time Binqo Building on the property, located at 1875 Fitzhugh <br />Street, Paris, Lamar County, Texas for the bingo occasions per week <br />as designated on the Lessee's Texas Bingo license. <br />rII. DUTIES OF LESSOR: <br />Lessor shall provide parking facilities, equipmer.t and <br />utilities. <br />IV. TERM: - <br />The term of this lease sha11 be for a period from the lst daY <br />of June 2008 to the lst day of June, 2009. <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, prior to the last business day of the month, <br />during the term of this lease. Total rental for any month may not <br />in any case exceed $600.00 per bingo occasion actually conducted by <br />Lessee during that month. <br />Lessee shall make paymert to the Lessor at: <br />Red River Vailey Fair Association, Inc. <br />570 East Center Street <br />Paris, Texas 75460 <br />VI. REPRESENTATIONS OF LESSEL; <br />The Lessor agrees and ar_k;.owlydges that Lessee is a non-profit <br />organization as that term is defined under the governing of the <br />EXHIBITA_ <br />- 00(?r? i <br />