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of other airpon facilities. In the event of eitlier of rhe above continaencies, the LESSOR shall Qiee <br />the LESSEE ninery (90) days notice, in wriring, of its intention to so utilize the tract, or any <br />portion thereof, for the above specified putposes. In the event of either of the above <br />continUencies, the LESSOR shall have the option pursuant to Para;raph 8 of this Lease to satisfy <br />its obligation of compensation to LESSEE. <br />18. In the event LESSEE shall keep each and every agreement contained herein and do <br />and perform all the oblicyations required of them hereunder during the primary term of this Lease, <br />an option is hereby given and ;ranted to LESSEE to renew and extend this Lease for a period of <br />TEN (10) years from and after the expiration of this agreement, which option may be exercised <br />by LESSEE givincy notice, in writing, of their intention to renew said lease ninety (90) days prior <br />to the expiration of the primary term of the Lease, and shall be under such terms as previously <br />provided. <br />Further, in the event LESSEE shall keep each and every agreement contained herein and <br />do and perform all the obligations required of them hereunder during the first option of this Lease, <br />a second option is hereby oiven and branted to LESSEE to renew and extend this Lease for a <br />period of TEN (10) years from and afeer the expiration of said first option, whieh second option <br />may be exercised by LESSEE giving notice, in writing, of their intention to renew said lease <br />ninery (90) days prior to the expiration of the first option of the Lease, and shall be under such <br />terms as previously provided. <br />19. In the event of a termination of this Lease by the City of Paris, as permitted herein <br />during the primary term of said Lease, the Ciry of Paris will be obligated to pay to LESSEE <br />1/35d1 of the original cost of said hangar and apron, multiplied by the number of years remaining <br />in the primary term of this Lease, which ends March 31, 2033. In the alternative, in lieu of <br />payment for termination durin- the primary term of this Lease, the City of Paris may agree to L'ive <br />LESSEE hanaar space of equal quality, size and usefulness, at no expense to LESSEE, for tbe <br />remainder of the primary term of this Lease. <br />In the event that final termination of said Lease occurs during the first option, there shall <br />be no payment due LESSEE. However, the Ciry of Paris may aaree to give LESSEE hangar space <br />of equal quality, size and usefuiness, and LESSEE is aranted the right co lease such substitute <br />I,ease Asreement - pa;e 6 <br />