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If LESSEE shall at any time abandon such leased property and premises, or shall by any <br />means evidence his desire or intention to cease to operate thereon an automobile sales lot, the <br />LESSOR may, at its option, cancel this lease by delivery of written notice of cancellation, signed by <br />the City Manager of the City of Paris, without liability to LESSEE, his heirs or assigns, and in such <br />event LESSOR shall be entitled to and may dispose of, as it may see fit, any and all improvements <br />or equipment located thereon. <br /> <br /> 10. TERMINATION <br /> <br /> That either party may, at its option, terminate this lease by giving the other party thirty (30) <br />days notice, in writing, of its intention to terminate. <br /> <br /> The terms of this lease are binding on and the benefits herein inure to the heirs, administrators, <br />and executors of LESSEE and the successors and assigns of LESSOR. <br /> <br /> EXECUTED ON the dates shown in acknowledgments below. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br />LESSOR: <br /> <br />By: <br /> <br />Michael J. Pfiester, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br /> <br />Lease Agreement...Page 6 <br /> <br /> <br />