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874 CORRECTED LEASE AGREEMENT COUNTY OF LAMAR § § KNOW ALL MEN BY THESE PRESENTS: STATE OF TEXAS § LEASE AGREEMENT BETWEEN 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 ERIC S. CLIFFORD, 810 Lamar Avenue, Paris, Texas, and VICTOR ABELES, of Lamar County, Texas, hereinafter referred to as Lessees, W I T N E S S E T H For and in consideration of the payment of the sum of TWENTY FOUR THOUSAND AND N01100 $24,000.00) DOLLARS, payable to the CITY OF PARIS, a municipal corporation, as follows: $200.00 on or before September 1, 2010, with a like payment on or before the 1st day of each month thereafter during the remainder of the term hereof,_ said CITY OF PARIS does hereby lease, rent and let unto ERIC S. CLIFFORD and VICTOR ABELES, that portion of Cox Field property described in Exhibit "A ", attached hereto and made a part hereof for all legal purposes. The term of this lease is for Thirty -five (35) years, beginning on the 1st day of September, 1985, and ending on the 31st day of August, 2020. It is further agreed to by Lessor and Lessees that Lessees shall have the option to renew such Lease for an additional period of ten (10) years, the rental for the renewal to be based on the fair market value at the time of renewal, being the approximate date of September, 2020. IN CONSIDERATION HEREOF, it is mutually agreed by and between Lessor and Lessees: --� 1. That Lessees pay to Lessor, or order, at the City Hall in the City of Paris, the agreed rental in advance, promptly and without, neglect, default and 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 EXHIBIT A