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Form 20021 6/69 <br />3. Term hereof shall begin with November 1 , 1972 , and continue there- <br />after until concluded (lst) by expiration of thirty days following serving) <br />by Licensee on Carrier, or vice versa, of written notice of intention to end term hereof <br />or (2nd), at Carrier's election without further notice, by expiration of six <br />months without the Pipe Line having been installed or by Licensee failing (a-l) to cure <br />ar~y default or (a-2) to show statutory right to install Pipe Line within thirty <br />days following Carrier's written request therefor. Any notice of Carrier shall be deemed <br />served when posted conspicuously on Pipe Line or when deposited postage prepaid in U. S. <br />mail addressed as aforesaid. Not later than last day of term hereof Licensee shall <br />remove Pipe Line and restore Premises. Any of Pipe Line not so removed shall at Carrier's <br />election without notice be deemed abandoned. Covenants herein shall inure to or bind each <br />party's heirs, legal representatives, successors and assigns; provided: no right of <br />Licensee shall be transferred or assigned, either voluntarily or involuntarily, except <br />by express agreement acceptable to Carrier. Carrier or Licensee may waive any default at <br />arLy t3me of the other without affecting, or i.mpairing ar~y right arising from, any sub- <br />sequent default. <br />THE TEXAS AND PACIFIC RAILWAY COMF'ANY <br />WITNESSES: <br />By. <br />General Manager <br />As Carrier, first party herein <br />ATTEST : <br />By <br />(Affix Seal) City <br />Clerk <br />CITY OF PARIS, PARIS, TF?XAS <br />By <br />Mayor <br />As Licensee, second party herein <br />- 2 - <br />