Res 2017-170/approving the terms and conditions of an Airport Facility Lease agreement for commercial use with McKee Avionics for the Hangar located at 1838 Airport Drive

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Management’s prior written consent. Rent may be paidphysically at 4400 Airport Highway 21 or by mail to 1807 Airport Drive Suite 200, San Marcos, Texas 78666. 2.05.The monthly rent paymentshall be due on or before the first day of the month. A payment shall be considered past due if, after the fifth (5 th ) day of the month in which the payment is due, Lessor has not received full payment during normalworking hours at San MarcosRegional Airport. Payments submitted via United States Postal Service or any similar type messenger service are not considered paid on the date posted by said service. 2.06.Late Charges: Payments not received infull by 5:00 p.m.CSTon the 5 th day of the month in which it is duewill be considered late, and a $15.00 per day late charge will be assessed. In addition to the foregoing late charges, Lessee shall reimburse Lessor for each check that is returned or not honored. 2.07.Except with the Lessor's prior written consent, Lesseewill not be released from this Agreement for any reason –including but not limited to voluntary or involuntary job transfer, change of marital status, loss of co-tenant, loss of employment, bad health, or the sale or disposition of the any Lesseeis obligated to the terms and conditions of this Agreement, including the aircraft. payment of rent, for the entire Primary Term, from the Commencement Date through the Expiration Date, and for each month thereafter (if any) until this Agreement is terminated. 2.08.In the event Lessee holds over after the expiration of this Lease, such hold over status will create a month-to-month tenancy. In this event, Lessee agrees to pay the rental amount set for the premises at the date of expiration of this Lease plus fifty (50%) percent, which is the holdover month-to-month tenancy rate. Said holdover tenancy will be subject to all other terms and conditions of this Lease. 2.09.The Lesseeagrees to pay to the Lessora monthly fee for the use of tie-down or any other Airport Facilitiesfor aircraft, motor vehicles or any other equipment or items which are outside of the LeasedPremisesand under the custody and control of the Lesseeor its employees, agents or customers. TheAirportFacilitieswill be charged at the then-established standard rental or use fee prescribed by the Lessor. 2.10.If the Lesseefails to pay any rent or any other sum payable to the Lessorunder the terms of this Leasewhen due, then interest at the maximum legal rate in the State of Texas shall accrue from the date on whichthe maximum late charges described in section 2.05have been incurred. ARTICLE 3: ADJUSTMENT IN RENT, CHARGES, AND FEES OROTHER TERMS TO THIS AGREEMENT 3.01.Except as otherwise provided for herein, during the Primary Term no change in any term or condition of this Agreement will be effective, unless Lessor and Lessee each sign and deliver a written instrument evidencing the change. Following the Expiration Date of the Primary Term, 317 Page of