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Rx Date/Time MAY-1E 39(FRI) 12:09 5128471 ' P. M <br />MAY-35-09 12519 PM CYPRESS CREEK CHURCH 5a-3471464 P.82 <br />union <br /> <br /> <br />.s <br />'13 <br />April 30, 2009 <br />FAder: 2325-73 <br />E1..5' RTIE11 MAIL <br />itxTME BEC-11121 RPQUEM-11 <br />CYPRESS CREEK CHURCH <br />P.P. BOX 1357 <br />WIMBERLY TX 78676-1357 <br />Dear Lessee; <br />Reference is made to that certain Lease dated November 7, 2005, between UNION PACIFIC <br />R4IL,ROAD COMPANY (Lessor) and CYPRESS CREEK CHURCH (Lessee) covering a portion of <br />then Lessor's property at San Marcos, Texas. Said Lease is identified in the Lessor's records as Audit No. <br />2A008. <br />Adicle IA of this Lease provides for it periodic reevaluation of rental. In conjunction with this prevision, <br />we;; recently reviewed the present-day land values in San Marcos, Texas and, in particular, in the general <br />vicinity of the Lease site. <br />Thp results of this study indicate that the present rental no longer represents a fair annual market rental. <br />Tai iing all matters into consideration and applying present-day real estate values of the area. I am of the <br />aptnion that a rental of $5,950.00 would reflect a fair market rental at this time. <br />This letter is to advise you that effective September 15, 2009 ('Effective bate'), the rent shell be rive <br />Thousand Nine Hundred Fifty Dollars (55,950.00) annually. <br />Yell will be billed at your new lease rate on the next billing cycle. <br />erely, <br />Maui 0! <br />gior Manager - Real Estate <br />(402) 544-8562 <br />. N, <br />k Un1W Paotllo Rsllroad Real estate 1400 tlouglas 81MM Stop 1860 Omaha, Na 99M 891]9-16$0 fx. (402) 501-0340 <br />.h