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COMMERCIAL LEASE <br /> Basic Information <br /> Date: October , 2024 <br /> Landlord: Telenetwork Properties,Ltd.,a Texas limited partnership <br /> Landlord's Address: 2900 W.McCarty Lane, San Marcos,Texas 78666 <br /> Tenant: City of San Marcos,Texas <br /> Tenant's Address: 630 E Hopkins, San Marcos,TX 78666 <br /> Leased Premises: <br /> Square feet: 11,400 sq. feet(approximate), Suite. 105 <br /> Name of Building: A 128,938 square foot commercials ace, including all buildings,parking,drives <br /> fixtures, roe and facilities if any), as from time <br /> improvements, equipment, xtu , property rty ( <br /> to time altered, expanded or reduced by the Landlord in its sole discretion, as <br /> shown on the site plan attached hereto as Exhibit"A". <br /> Street address/suite: 350 Barnes Drive, Suite 105, San Marcos,Texas 78666 <br /> Term(years): 20 <br /> Commencement Date: November 1,2024 <br /> Expiration Date: October 31,2044 <br /> Base Rent(annually): $1.90/square foot(monthly) <br /> Rent may be increased annually at the rate of 2.5% <br /> Additional Rent: Tenant will pay its proportionate share of all annual Operating Expenses such as <br /> Taxes, Insurance and Common Area Expenses (NNN). NNN expenses are <br /> estimated at$0.57/SF. <br /> WSecurity Deposit: Waived <br /> Permitted Use: Conduct a governmental court for municipal and public purposes. <br /> Insurance: <br /> 1. Tenant will carry a commercial general liability policy with minimum coverage of $1,000,000 per <br /> occurrence/$2,000,000 policy aggregate,including coverage for bodily injury and death,personal injury <br /> coverage,and third-party property damage coverage; contractual liability coverage insuring the indemnity <br /> obligations of Tenant under this Lease. . Tenant shall also maintain a policy of Causes of Loss —Special <br /> Forms (formally called "All Risks of Physical Loss" Property Insurance) on its fixtures, equipment, <br /> merchandise, trade fixtures, alterations and other property placed at the Leased Premises. Such policies <br />