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LEASE AGREEMENT <br />STATE OF TEXAS § <br />§ KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMAR § <br />THIS LEASE AGREEMENT between the CITY OF PARIS, TEXAS, a municipal <br />corparation, acting by and through its Mayor, Will Biard, duly authorized, hereinafter called <br />LESSOR, and PARIS R/C ASSOCIATION, Paris, Texas, acting by and through its President, <br />Robert Brooks, duly authorized, hereinafter called LESSEE, is made this day of <br />November, 2010. <br />WITNESSETH <br />For and in consideration of the payment to the CITY OF PARIS, a municipal corporation, <br />of the sum of ONE AND NO/100 DOLLARS ($1.00) and other good and valuable consideration, <br />the receipt and sufficiency of which is hereby acknowledged, the CITY OF PARIS, a municipal <br />corporation, does hereby lease, rent, and let unto the PARIS R/C ASSOCIATION 3.673 acres of <br />Lake Gibbons property more particularly described on Exhibit A, attached hereto. <br />IN CONSIDERATION WHEREOF, it is mutually agreed by and between LESSOR and <br />LESSEE: <br />1. The term of this lease is for five (5) years, beginning on the 1 st day of December, <br />2010, and ending on the 30th day of November, 2015, at which time and on which date the same <br />shall terminate, unless sooner terminated as herein specified and provided, during which time <br />LESSEE may and shall use the same for model aviation purposes only. <br />2. That LESSEE shall be responsible for all maintenance, mowing and landscaping on <br />the Premises and shall keep and maintain the leased premises at all times in a clean, neat, safe, <br />sanitary, orderly, and aesthetically pleasing condition at all times, in exchange for access to and <br />use of the leased premises. <br />Page 1 of 8 <br />EXHIB~J.~~,. <br />