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<br />LEASE AGREEMENT <br /> <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br /> <br />) <br />) <br />) <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />Tms LEASE AGREEMENT is made this 14th day of October, 2002, by and between <br />the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its City <br />Manager, Michael E. Malone, duly authorized, hereinafter called LESSOR, and the CHAMBER <br /> <br />OF COMMERCE OF LAMAR COUNTY, INC., Paris, Texas, acting by and through its <br />President, Gary Vest, duly authorized, hereinafter called LESSEE. <br /> <br />WIT N E SSE T H: <br /> <br />For and in consideration of the payment to the CITY OF PARIS of the sum of One and <br />no/100 Dollars ($1.00), and other good and valuable consideration, the CITY OF PARIS does <br />hereby lease, rent, and let unto the CHAMBER OF COMMERCE OF LAMAR COUNTY, INC. <br /> <br />the property known as the Santa Fe-Frisco Depot, described on Exhibit A, attached hereto and <br />made a part hereof for all legal purposes, hereinafter referred to as the "Premises". <br /> <br />IN CONSIDERATION WHEREOF, it is mutually agreed by and between LESSOR and <br />LESSEE: <br /> <br />I. That LESSEE will use and maintain the described Premises for Chamber of <br /> <br />Commerce and Lamar County Genealogical Society activities, including, but not limited to, <br /> <br />visitors and convention activities, transportation related activities, and the creation of a <br /> <br />transportation museum, subject to the requirements specified herein. <br /> <br />2. That the initial term of this Lease shall be for five (5) years, beginning on the 14th <br />day of October, 2002 and ending on the 13th day of October, 2007; provided, however, that this <br /> <br />Lease shall be extended and automatically renewed for an additional two (2) consecutive five (5) <br /> <br />year terms, unless either party to the agreement provides written notice to the other party of intent <br /> <br />to terminate said Lease, said notice to be provided by or before August 14th of the fifth year of <br />the then current five (5) year term. In the event that all automatic renewals are extended this <br />Lease shall have a final termination date of the 13th day of October, 2017. <br /> <br />ExmBIT A <br />