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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, made and entered into this 30th
<br />day of March, 1992, by and between the CITY OF PARIS, Paris,
<br />Texas, a municipal corporation, by and through its Mayor,
<br />George Fisher, duly authorized, hereinafter called LESSOR,
<br />and JERRY KYLE, of Lamar County, Texas, hereinafter called
<br />LESSEE) WITNESSETH:
<br />For the term and consideration, and upon the terms,
<br />specifications and conditions herein prescribed and
<br />specified, LESSOR does hereby let and lease to LESSEE,
<br />JERRY KYLE, all that portion of Culbertson Park, a
<br />recreation area owned by said CITY OF PARIS, bounded on the
<br />North by Neathery Street, bounded on the East- by 17th
<br />Street, S.E., bounded on the South by East Hearon Street,
<br />and bounded on the West by a fence running due North and
<br />South from Neathery Street to East Hearon Street, which
<br />fence is located on the West Side of the miniature golf
<br />course now existing on the area involved, being the area now
<br />under fence on the extreme East portion of Culbertson Park.
<br />The term of this lease shall be for a period of five
<br />(5) years from and after April 1, 1992., that is from April 1,
<br />1992, through March 31, 1997, at which time and on which date
<br />the same shall terminate, unless sooner terminated as herein
<br />specified and provided, during which term LESSEE may and
<br />shall occupy the same and use the same as an amusement and
<br />recreation center, and for no other purpose, on consideration
<br />of and for which, LESSEE, JERRY KYLE, contracts, agrees and
<br />obligates himself, his heirs and assigns, that he will pay
<br />and .deliver over to the City Clerk of the City of Paris,
<br />monthly, on the 1st day of each month hereafter, during the
<br />term. of said lease, a certified statement of the gross
<br />receipts accruing to and from the operation of the amusement
<br />center and each facility thereof for the immediately
<br />preceding month, therewith paying and delivering to the City
<br />of Paris as rental or lease money a sum equal to ten per cent
<br />EXHIBITA
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