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_ <br />LEASE AGREEMENT <br />This agreement is made and entered into by and between Red <br />River Valley Fair P.ssociation, Inc., a non-profit organization, <br />hereinafter referred to as Lessor, and American Legion Post #199, <br />a non-profir_ organization, hereinafter referred to as Lessee. <br />For and in consideration of the mutual promises herein <br />expressed the Lessor and Lessee do hereby agree to the toiiowing: <br />WITNESS TO: <br />I. PURPOSE OF LEASE: <br />The Lessee wishes to lease from the Lessor certair space to <br />cor.duct bingc operations licensed bV the State of Texas on1v. <br />II. PREMISES: <br />Lessor agrees to lease and the Lessee agrees to lease irom the <br />Lessor the following described prcperty, all the floor area in Big <br />Time Bingo Building on the property, located at 1875 Fitzhugh <br />Street, Paris, Lamar County, Texas for the bingo occas.iors perw=ek <br />as designated on the Lessee's Texas Bingo license. <br />III. DUTIES OF LESSOR: <br />Lessor shall provide parking facilities, equipment and <br />utilities. <br />IV. TERM: <br />The term of this lease shall be for a period from tne lst day <br />of June 2009 to the lst day of June, 2010. <br />V. CONSIDERATION: <br />The Lessee shall pay the Lessor the amount of $250.00 <br />per whole session (Bingo occasion). The consideration fcr the <br />lease of this building shall be due and payable monthly. TY-.e Lirst <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 <br />month, during the term of this lease. Total rental for any month <br />may not in any case exceed $600.00 per bingo occasion actually <br />conducted by lessee during that month. <br />Lessee sha11 make payment to the Lessor at: <br />Red River_ Va11ey Fair Association, Inc. <br />570 East Center Street <br />Paris, Terias 75460 <br />EXHIBIT _L <br />