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DocuSign Envelope ID: 35EE2E27-4F45-474D-B557-0B0A649C19A6 <br />and the Lessee agrees to perform all preparation, repairs, remediation and other activities <br />necessary to use the Leased Premises for the LesseeLessee agrees that <br />Lessor and Airport Manager do not represent or guarantee the safety or security of the property <br />stored within the Premises and has no duty of safety or security of any kind under any <br />circumstances. <br /> <br />1.03. The Lessee agrees to comply with the SAN MARCOS REGIONAL AIRPORT RULES AND <br />REGULATIONS and the MINIMUM STANDARDS, as they now exist or may be amended <br />during the term of this Lease, and any conflict between this Lease and these procedures, <br />regulations, and standards will be resolved in favor of the procedures, regulations, and standards. <br /> <br />1.04. The Lessor covenants and agrees that during the term of this Lease it will operate and maintain <br />the Airport and its facilities as a public airport consistent with and pursuant to the sponsor's <br />assurances given by the Lessor to the United States Government and/or the State of Texas <br />through the Federal Airport Act; and the Lessee agrees that this Lease and the Lessee <br />privileges hereunder shall be subordinate to the sponsor's assurances. <br /> <br />1.05. The Lessor agrees that the Lessee, and its agents, contractors, employees, invitees and licensees, <br />shall have the right of ingress and egress to and from the Leased Premises by means of roadways <br />for automobiles. Such rights shall be consistent with the rules and regulations with respect to the <br />occupancy and use of airport premises as adopted from time to time by the City of San Marcos <br />and by the Federal Aviation Administration or any other state, federal or local authority. <br /> <br /> <br />ARTICLE 2: RENT AND TERM OF AGREEMENT <br /> <br />2.01. Rental shall accrue commencing upon execution of this Lease. Rent shall be payable at the place <br />designated in Section 2.04a. <br /> <br />2.02. The Primary Term of this Lease will commence on _____________________, 2017 (the <br />five (5) years. The Primary Term of this <br />Lease shall expire on _________________________, 2022. <br /> <br />2.03. Any extension shall continue under the terms of this Lease, or on such changed terms, conditions, <br />and rental rate as Lessor may give to Lessee in accordance with Section 3.01 of this Lease herein. <br />terminated, (2) Lessee assigns its interest in the Lease or any portion of the Premises, (3) Lessee <br />fails to timely exercise the extension, or (4) Lessee is in default under the Lease at the time <br />Lessee seeks to extend the Term. <br /> <br />2.04. The Lessee agrees to pay to the Lessor a fixed rental in the sum of $1.00 per year for the entire <br />square footage of the Leased Premises for a period of five (5) years. Rent is payable to Airport <br />Manager by check. <br />216 <br />Page of <br /> <br /> <br />