Res 2014-051/Sublease of Airport property between Caroline Aviation, LLC and Richard Moreno

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SUBLEASE AGREEMENT THIS SUBLEASE AGREEMENT ( "Sublease ") is made and entered into effective as of March 17, 2014 (the "Effective Date "), by and between Caroline Aviation, L.L.C., a Texas limited liability company ( "Sublessor "), and Ricardo Moreno, dba Corp Jet Aviation Service ( "Sublessee "). RECITALS: A. The City of San Marcos, Texas, a municipal corporation (the "Landlord "), as landlord, and Sublessor, as tenant, have made and entered into that certain Lease of Unimproved Airport Property for Construction and Operation of Business Facilities signed by both parties on December 28, 2005 (said Lease Agreement, together with all amendments thereto before or after the Effective Date, the "Primary Lease "), which Primary Lease provides for the lease and demise by Landlord to Sublessor of those certain premises more particularly described in the Primary Lease, but which are generally described as a 16,914 square foot tract of land located in Caldwell County, Texas, and located within the airport (the "San Marcos Municipal Airport") known as the San Marcos Municipal Airport (the "Primary Lease Premises "). B. The Landlord, the Sublessor and the Sublessee have made and entered into that certain Agreement Authorizing Use of Airport Property for Operation of Business dated effective as of March 17, 2014 (said Agreement, together with all amendments thereto before or after the Effective Date, the "Use Agreement"). C. The Primary Lease and the Use Agreement (collectively, the "Lease and Use Documents ") set forth certain terms and conditions with respect to the use of the San Marcos Municipal Airport by the Sublessor and the Sublessee. D. Sublessor desires to sublease to Sublessee the below- described portion of the Primary Lease Premises, and Sublessee desires to accept and sublease the same, all upon and subject to the terms and conditions set forth hereinbelow. AGREEMENT: NOW, THEREFORE, for and in consideration of the above and foregoing premises and in consideration of the mutual terms, conditions, covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, Sublessor and Sublessee hereby covenant and agree as follows: 1. Demise and Description of Property. Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor, upon and subject to the terms, limitations and conditions set forth herein and in the Primary Lease, and subject to the terns, limitations and conditions set forth in the Use Agreement, that portion (the 1205992.2 , /