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EXHIBIT G
<br />RENEWAL OPTION
<br />This Renewal Option is attached to and a part of thatcertain Airport Facility Lease Agreement for
<br />Commercial FBO Use effective as of July 1, 2018 (the “Lease”), by and between the City of San Marcos,
<br />a municipal corporation of the State of Texas (“Lessor”), and Berry Aviation, Inc., a Texas corporation
<br />(“Lessee”). For and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and
<br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor grants to
<br />Lessee the option to extend the Lease, as hereinafter set forth.
<br />Contingent upon satisfaction of all of the following conditions, Lessee is hereby granted the
<br />option to extend the Term (the “Primary Term”) for three (3) successive periods, the first containing
<br />approximately one hundred twenty (120) calendar months and expiring on April 18, 2042, the second
<br />containing one hundred twenty (120) full calendar months and expiring on April 18, 2052, and the third
<br />containing sixty (60) full calendar months and expiring on April 18, 2057 (such extension periods herein
<br />“Renewal Term 1”, “Renewal Term 2” and “RenewalTerm 3”, respectively, and each a “Renewal
<br />Term”), said conditions being that:
<br />(i)Lessee shall not be in default beyond any applicable cure period at the time it attempts to
<br />exercise an option hereunder; and
<br />(ii)Lessee shall have given notice to Lessor not less than one hundred eighty (180) days
<br />prior to the expiration of the Primary Term, Renewal Term 1, or Renewal Term 2, as applicable, of
<br />Lessee’s exercise of such option.
<br />Time is of the essence in the exercise of the options herein granted and should Lessee fail to
<br />exercise its right to any option by timely notice, such option and all successive options shall lapse and be
<br />of no further force or effect.
<br />In the event that Lessee effectively exercises any option herein granted, then all of the terms and
<br />provisions of the Lease as are applicable during the Primary Term shall likewise be applicable during
<br />Renewal Term 1, Renewal Term 2 and Renewal Term 3, as applicable, except that fixed Rent per
<br />calendar quarter (subject to proration with respect to any partial calendar quarter) shall be payable as
<br />follows:
<br />January 1, 2033 through April 18, 2037:$2,524.50
<br />April 19, 2037 through April 18, 2042:$2,776.95
<br />April 19, 2042 through April 18, 2047:$3,054.65
<br />April 19, 2047 through April 18, 2052:$3,360.11
<br />April 19, 2052 through April 18, 2057:$3,696.12
<br />Other than as provided herein, Lessee shall have no further right to renew or extend the Term.
<br />Lessee’s rights under this Renewal Option shall immediately terminate if the Lease or Lessee’s right to
<br />possession of the Leased Premises is terminated.
<br />References in this Renewal Option and the Lease to the “Term” or the “Lease Term” shall be
<br />understood to refer to both the Primary Term and (if Lessee’s option therefor is effectively exercised in
<br />accordance with the provisions hereof) also the stated Renewal Term(s), as applicable, unless such
<br />interpretation is expressly negated.
<br />EXHIBIT G
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<br />4831-9328-5983v.4 016969.00001
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