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r 79 j LEASE AGREEMENT STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR § That the CITY OF PARIS, a municipal corporation, acting by and through its City Manager, Michael E. Malone, duly authorized, hereinafter referred to as LESSOR, and JAMES M. WRENN, JR., of Lamar County, Texas, hereinafter referred to as LESSEE, WITNESSETH: For and in consideration of the payment of monthly rental, due on or before the lst day of each month, to the LESSOR, and each month thereafter, as follows: $325.00 per month, plus utilities, said LESSOR does hereby lease, rent and let unto LESSEE that portion of Cox Field property known as the main hangar and described on Exhibit A attached hereto and made a part hereof for all legal purposes. The term of this lease is five (5) years, beginning on the 1st day of March, 1990, and ending on the 28th day of February, 1995. The rent established herein shall be increased or decreased annually, in February of each year, in the percentage amount of increase or decrease in the Consumer Price Index for All Urban Consumers, (CPI -U United States City Average (1982 -84= 100.0) above or below the rate for January, 1990, which shall be determined to equal 127.4 as appropriate. IN CONSIDERATION HEREOF, it is mutually agreed by and between LESSOR and LESSEE: 1. That LESSEE pay to LESSOR, or order, at the City Hall in the City of Paris, the agreed rental in advance, promptly and without neglect, default or delay. 2. That this lease is subject to all the terms, provisions and conditions of the deed of 'conveyance of such premises from the United States of America to the City of Paris, recorded in Book 308, Page 287, Real Property Records of Lamar County, Texas, to which reference is made for all purposes. EXHIBIT