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CITY OF SAN MARCOS,TEXAS <br /> SAN MARCOS REGIONAL AIRPORT <br /> COMMERCIAL AVIATION GROUND LEASE AGREEMENT <br /> THIS COMMERCIAL AVIATION GROUND LEASE AGREEMENT ("Lease") is made <br /> between the City of San Marcos, a municipal corporation of the State of Texas ("Lessor" or"City"), and <br /> 2080 Airport Drive, LLC("Lessee"). <br /> AGREEMENT: <br /> In consideration of the covenants and obligations set forth herein and other good and valuable <br /> consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee agree as <br /> follows: <br /> ARTICLE 1: AIRPORT OWNERSHIP;DEMISE; ACCEPTANCE; <br /> CERTAIN RULES AND OTHER MATTERS <br /> 1.01. Airport. Lessor is the owner of the San Marcos Regional Airport(the"Airport"), situated <br /> in Caldwell County, Texas,by virtue of deeds from the United States of America. <br /> 1.02. Demise. For and in consideration of, and subject to, the terms, conditions and covenants <br /> herein, Lessor hereby demises and leases unto Lessee, and Lessee hereby leases from <br /> Lessor, the following described real property consisting of approximately 115,129 square <br /> feet (hereinafter referred to as the "Leased Premises"), located at the Airport in Caldwell <br /> County, Texas: <br /> 2080 Airport Drive — Hangar, Main Building, and Parking Lot Site as described and <br /> depicted in Exhibit A attached hereto; and <br /> 1.03. Acceptance. Lessee acknowledges that, subject to Lessor's express obligations herein: (i) <br /> Lessor makes no representations or warranty regarding the suitability of the Leased <br /> Premises for Lessee's intended purpose or the presence of environmental,geologic or other <br /> site conditions that may affect Lessee's use of the Leased Premises; (ii)Lessee accepts full <br /> responsibility for determining the suitability of the Leased Premises for its intended <br /> purposes; (iii) Lessee has had the opportunity to inspect and perform tests and <br /> investigations of the Leased Premises for its intended purposes;and(iv)Lessee is accepting <br /> the Leased Premises in its present condition. <br /> 1.04. Rules and Regi1lations, Minimum Standards. Lessee agrees to comply with the (i) San <br /> Marcos Regional Airport Rules and Regulations adopted November 2, 2015, pursuant to <br /> City Ordinance Number 2015-46 {the "Rules and Regulations"), a copy of which is <br /> attached hereto as Exhibit C, and (ii) San Marcos Regional Airport Minimum Standards <br /> last updated August 18, 2015 (the "Minimum Standards"), a copy of which is attached <br /> hereto as Exhibit D. Provided the same do not impair the material rights of Lessee <br /> hereunder or adversely affect Lessee's ability to use the Leased Premises for the <br /> Authorized Use(as defined below),Lessor has the right to amend and/or restate the Rules <br /> and Regulations and/or the Minimum Standards and Lessee shall comply with the same. <br /> 1 <br /> .. ......... ......... ......... -- ............................ ......... ........ <br /> . .. ........ <br />