23-Construction of a hangar at Cox Field

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issued by the City of Paris in accordance with Article II of Chapter 6 of the Code of Ordinances of the City of Paris. This Lease does not constitute the issuance of any such permit. The LESSOR and LESSEE recognize and agree this Lease shall be subject to such regulations and approvals as required by the FAA and TxDOT Aviation and in particular those FAA regulations which provide that the property subject to this Lease shall be used for Airport purposes and in such a manner so as not to materially and adversely affect the development and improvement, operation or maintenance of the Airport; and to the requirements of national emergency. LESSEE agrees to cooperate and assist LESSOR in complying with such regulations and conditions of approval. All runways and Airport facilities shall be open to the general traveling public for the landing and operation of aircraft therefrom without hindrance or interference on the part of LESSEE. No hangar constructed on the leased premises governed by this Lease shall be used as a residence or for residential purposes. However, such items as a sink, bathroom, or associated facility to allow temporary overnight stay or perhaps occasional social uses of a portion of the hangar will be permitted upon review and approval by LESSOR of these additional improvements and upon receipt of building permit. 9. That LESSEE shall build, at LESSEE's sole expense, a hangar building of a minimum internal size of 2,000 square feet, along with accompanying apron and appropriate taxi lane, for access (as further depicted in Exhibit "B" attached hereto and incorporated herein by reference), upon application and approval for building permit or permits from the City of Paris, of all steel construction, similar in appearance and construction to the existing enclosed hangars at Cox Field and in accordance with the plans described in Exhibit "B," attached hereto and made a part hereof for all legal purposes, and in conformance with the rules or regulations of the City of Paris or the Federal Aviation Administration. LESSEE agrees to construct all buildings, ramps, and facilities (as more fully described in Exhibit "C"), within eighteen (18) months after the effective date of this Lease. Prior to construction of the improvements, the LESSEE shall obtain the LESSOR's written approval of the plans and specifications for such construction. The preliminary submission by the LESSEE shall employ essentials of aesthetics, convenience, function and design, and shall be compatible in such respect with those of the Airport. Upon approval of such preliminary plans, HanQar Lease AEreement - page 5 ~ ~