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<br />DocuSign Envelope ID: 35EE2E27-4F45-474D-B557-0B0A649C19A6 <br />SAN MARCOS REGIONAL AIRPORT <br />AIRPORT FACILITY LEASE AGREEMENT <br /> <br /> <br /> <br />THE STATE OF TEXAS <br /> <br />COUNTIES OF HAYS AND CALDWELL <br /> <br /> <br /> <br />THIS SAN MARCOS REGIONAL AIRPORT FACILITY LEASE AGREEMENT <br /> Lease is <br />made between the City of San Marcos, a municipal corporation of the State of Texas (Lessor OR <br />City), acting by and through its Airport Manager Texas Aviation Partners, LLC., a Texas Limited <br /> and David Lee <br />Air Patrol (Lessee. <br /> <br />The Lessor is the owner of the San Marcos Regional Airport (Airport, situated in Caldwell County, <br />Texas, by virtue of deeds from the United States of America. <br /> <br />This Lease is subject to approval by the Federal Aviation Administration. <br /> <br /> <br />NOW, THEREFORE,for and in consideration of the covenants and obligations set forth herein, <br /> <br />the Lessor and Lessee agree as follows: <br /> <br /> <br />ARTICLE 1: LEASE OF PREMISES; ACCEPTANCE OF EXISTING CONDITIONS; <br />COMPLIANCE WITH REGULATIONS <br /> <br />1.01. In consideration of the obligation of the Lessee to pay rent and in consideration of the other <br />terms, covenants and conditions of this Lease, the Lessor leases to the Lessee, and the Lessee <br />leases from the Lessor a building at the San Marcos Regional Airport (collectively referred to <br />herein as the Leased Premises) being more particularly described as: <br /> <br />Approximately 11,360 square foot tract of land which includes a 1,250 square foot building <br />located at 1915 Airport Drive Lease; <br /> <br />1.02. The Lessee acknowledges that, subject to the obligations under paragraph 1.04 below: 1) <br />the Lessor makes no representations or warranty regarding the suitability of the Leased Premises <br />for the Lessee <br />conditions that may affect the LesseeLeased Premises; 2) the Lessee accepts full <br />responsibility for determining the suitability of the Leased Premises for its intended purposes; 3) <br />the Lessee has inspected and performed all tests and investigations of the Leased Premises for its <br />intended purposes; and 4) the Lessee is accepting the Leased Premises in their present condition, <br />116 <br />Page of <br /> <br /> <br />