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PARIS RODEO & HORSE CLUB <br /> CONCESSION LEASE AGREEMENT <br /> <br />with the Paris Rodeo and Horse Club_(4essor) to lease the concession stand from March through the last <br />playday of the season. <br /> <br />I am leasing under the following conditions: <br /> <br />I. The lessee may have one (1) deep freeze and one (I) refrigerator using the electricity for the time <br /> mentioned above. <br />2. The lessee must furnish a key to each lock inside and outside of the concession stand to the President <br /> of the Paris Rodeo and Horse Club. <br />3. The lessee must furnish an instffance policy of $500,000 combined single limited policy that includes <br /> the insured as the City of Paris, lessee, Paris Rodeo and Horse Club and the Red River Valley Fair <br /> Association. <br />4. At anytime, if the Paris Rodeo and Horse Club directors' foel there could be a better way to run the <br /> concession stand or relieve congestion around the concession stand, these suggestions will be offered <br /> to lessee. <br />5. The lessee agrees upon 10 days prior to a major event all utilities and other equipment deemed <br /> necessary for fully covering the event may be turned on. Immediately after the event, all but the deep <br /> freeze and refrigerator should be turned off. . <br />6. After the last playday of the year, all u~ifies must be turned off until the beginning of the next year. <br />7. Paris Rodeo and Horse Club prefers that the lessee have 2 areas away from the concession area for <br /> event attendees to purchase drinks only. <br />8. Lessee agrees to pay the lessor 20% of the gross income of concession sales. This mount is to be paid <br /> at the end of the event year. <br />9. Arena Tenants may be allowed to conduct a free-standing concession stand provided Tenant agrees to <br /> pay full-time concessionaire the sum of $500 per day. Proof of insurance must be provided for <br /> concession stand to Landlord, the City of Paris and the Red River Valley Fair Association. Tenant also <br /> agrees to pay Paris Rodeo and Horse Club the sum of $50 for each electrical hookup required in the <br /> concession area(s). · <br /> 10. Failure to comply with the above agreement which constitutes a default of the agreement and at lessors <br /> discretion can take appropriate steps deemed necessary. Any expenses incurred by the Paris Rodeo <br /> and Horse Club to return property to the original state will be paid by the lessee. <br /> This agreement is agreed-upon th. i.'s I-~ dayof 0d <br /> <br /> ~ari~ Rodeo and Horse Club <br /> Lessee <br /> <br /> EXHIBIT <br /> <br /> <br />