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<br />,L LLOYD MOORE <br />CHAIRMAN/CEO <br /> <br />July 15, 1988 <br /> <br />City Council <br />City of San Marcos <br />630 East Hopkins <br />San Marcos, Texas 78666 <br /> <br />Dear Ladies and Gentlemen: <br /> <br />This letter will serve to evidence our understanding and <br />agreement regarding the operation and use of that portion of <br />the real property, more particularly identified on Schedule A <br />attached hereto, and maintained by Aquarena Springs <br />Corporation ("Aquarena") as the Aquarena Springs Golf Course. <br /> <br />It is understood and agreed as follows: <br /> <br />1. <br /> <br />Aquarena will continue to maintain and operate the <br />Aquarena Springs Golf Course in substantially the <br />manner currently conducted. During the term of this <br />agreement, Aquarena Springs Golf Course will be open <br />to the general public daily, except for December 25 <br />or other dates which Aquarena determines, at such <br />reasonable rates as may be determined by Aquarena <br />from time to time in its sole discretion. Aquarena <br />agrees that, in the employment of personnel for the <br />operation of the Aquarena Springs Golf Course, no <br />person shall be discriminated against because of <br />their age, physical disability, race, color, <br />religion, sex or national origin. The parties <br />acknowledge that all or portions of the Aquarena <br />Springs Golf Course including but not limited to <br />that portion sometimes used as a heliport, may from <br />time to time be used by Aquarena for other purposes <br />in the ordinary course of its business. <br /> <br />AQUARENA SPRINGS CORPORATION <br />ONE AQUARENA SPRINGS DRIVE <br />SAN MARCOS, TEXAS 78666 <br />512/396-8900 <br /> <br />28 <br />