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<br />CITY OF SAN MARCOS, TEXAS <br />SAN MARCOS REGIONALAIRPORT <br />AIRPORT FACILITY LEASEAGREEMENTFOR COMMERCIAL USE <br />THE STATE OF TEXAS <br />COUNTIES OF HAYS AND CALDWELL <br />THIS SAN MARCOS REGIONAL AIRPORT FACILITY LEASE AGREEMENTFOR <br />COMMERCIAL USE <br />(“Lease”)is made between the City of San Marcos, amunicipal corporationof the <br />State of Texas(“Lessor”OR “City”),acting by and through its Airport ManagementTexas Aviation <br />Partners, LLC., a Texas Limited Liability Corporation (“Airport Management”)andMcKeeAvionics, Inc. <br />(“Lessee”). <br />The Lessoris 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 />This Leaseis subject to approval by the Federal Aviation Administration. <br />NOW, THEREFORE,for and in consideration of the covenants and obligations set forth herein, the <br />Lessor and Lessee agree as follows: <br />ARTICLE1: LEASEOF PREMISES; ACCEPTANCE OF EXISTING CONDITIONS; <br />COMPLIANCE WITH REGULATIONS <br />1.01.In consideration of the obligation of the Lesseeto pay rent and in consideration of the other terms, <br />covenants and conditions of this Lease, the Lessorleases to the Lessee, and the Lesseeleases from <br />the Lessorahangarand storage buildingat the San Marcos Regional Airport (collectively referred <br />to herein as the “Leased Premises”)being more particularly described as: <br />1838Airport Drive (12,150square foot hangaron 27,640 square foot Leased Premises)described <br />in Exhibit “A” of this Lease; <br />1.02.The Lesseeacknowledges that, subject to the Lessor’sobligations under paragraph 1.04 below:1) <br />the Lessormakes no representations or warranty regarding the suitability of the LeasedPremises <br />for the Lessee’s intended purposes, or the presence of environmental, geologic, or other site <br />conditions that may affect the Lessee’s use of the LeasedPremises; 2) the Lesseeaccepts full <br />responsibility for determining the suitability of the LeasedPremisesfor its intended purposes; 3) <br />the Lesseehas inspected and performed all tests and investigations of the LeasedPremisesfor its <br />117 <br />Page of <br /> <br />