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LEASE AGREEMENT <br /> <br />STATE OF TEXAS ) <br /> ) KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMAR ) <br /> <br /> THIS LEASE AGREEMENT is made this 14th day of October, 2002, by and between the <br />CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, <br />Michael J. Pfiester, duly authorized, hereinafter called LESSOR, and the CHAMBER OF <br />COMMERCE OF LAMAR COUNTY, INC., Paris, Texas, acting by and through its President, Gary <br />Vest, duly authorized, hereinafter called LESSEE. <br /> <br /> WlTNESSETH: <br /> <br /> For and in consideration of the payment to the CITY OF PARIS of the sum of One and <br />no/100 Dollars ($1.00), and other good and valuable consideration, the CITY OF PARIS does hereby <br />lease, rent, and let unto the CHAMBER OF COMMERCE OF LAMAR COUNTY, INC. the <br />property known as the Santa Fe-Frisco Depot, described on Exhibit A, attached hereto and made a <br />part hereof for all legal purposes, hereinafter referred to as the "Premises". <br /> <br /> IN CONSIDERATION WHEREOF, it is mutually agreed by and between LESSOR and <br />LESSEE: <br /> <br /> 1. That LES SEE will use and maintain the described Premises for Chamber of Commerce <br /> <br />and Lamar County Genealogical Society activities, including, but not limited to, visitors and <br />convention activities, transportation related activities, and the creation of a transportation museum, <br />subject to the requirements specified herein. <br /> <br /> 2. That the initial term of this Lease shall be for five (5) years, beginning on the 14th day <br /> <br />of October, 2002 and ending on the 13th day of October, 2007; provided, however, that this Lease <br />shall be extended and automatically renewed for an additional two (2) consecutive five (5) year terms, <br />unless either party to the agreement provides written notice to the other party of intent to terminate <br />said Lease, said notice to be provided by or before August 14th of the fifth year of the then current <br />five (5) year term. In the event that all automatic renewals are extended this Lease shall have a final <br />termination date of the 13th day of October, 2017. <br /> <br /> EXHIBIT A <br /> <br /> <br />