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<br />the City Manager of the City of Paris, without liability to LESSEE, his heirs or assigns, and in such <br /> <br />event LESSOR shall be entitled to and may dispose of, as it may see fit, any and all improvements <br /> <br />or equipment located thereon. <br /> <br />10. TERMINATION <br /> <br />That either party may, at its option, terminate this lease by giving the other party thirty (30) <br /> <br />days notice, in writing, of its intention to terminate. <br /> <br />The terms of this lease are binding on and the benefits herein inure to the heirs, administrators, <br /> <br />and executors of LESSEE and the successors and assigns of LESSOR. <br /> <br />EXECUTED ON the dates shown in acknowledgments below. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br />LESSOR: <br /> <br />By: <br /> <br />Michael J. Pfiester, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br /> <br />LESSEE: <br /> <br />Allen Phillips <br /> <br />Lease Aareement...Page 6 <br />