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LEASE AGREEMENT <br />STATE OF TEXAS <br />KNOW ALL MEN BY THESE-PRESENTS: <br />COUNTY OF LAMAR <br />LEASE AGREEMENT BETWEEN THE CITY OF PARIS, a <br />municipal corporation, acting by and through its City Manager, <br />ROBERT W. SOKOLL, duty authorized, hereinafter referred to as <br />Lessor, and JAMES M. WRENN, JR.", of Lamar County, Texas, <br />hereinafter referred to as Lessee, WITNESSETH: <br />For and in consideration of the payment of monthly rental; due <br />on or before the 1st day o€ each month, to the CITY OF PARIS, a <br />municipal corporation, as follows: $300.00 per month, - which includes <br />utilities, for the month of January, 1979, and each month thereafter, ,. <br />so long as the CITY OF PARIS retains use of operations office; pilots' <br />lounge and restrooms, with the monthly rental being increased to <br />$325.00, plus utilities, at the time that the City vacates the operations <br />office, pilots' lounge and - restrooms, said CITY OF PARIS does. hereby <br />lease, rent and let unto JAMES M.. WRENN, JR. that portion of Cox <br />Field property known as the main hangar` and described on Exhibit A <br />attached hereto and made a part hereof for all legal purposes. 4. . <br />The term of this lease is for ten (10) years-, beginning on the <br />1st day of January, 1979, and ending on the 31st day of December, 1988. <br />IN CONSIDERATION HEREOF, it- is mutually agreed by and be- <br />tween Lessor and Lessee: <br />1. That Lessee pay to Lessor, or order, at the City Hall in <br />the City of Paris, the agreed rental in advance, promptly and without <br />neglect, default or delay. <br />2. That this lease is subject to all the terms, provisions <br />and conditions of the deed of conveyance of such premises from -the <br />EXHIBIT A <br />