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Ground Lease <br /> Basie'rernis <br /> Date: we P?/Y-7 1V,-t,- <br /> //, 20Y,2- <br /> Landlord: City of San Marcos <br /> Landlord's Address: 630 East Hopkins Street, San Marcos,Texas 78666 <br /> Tenant: Ted Breihan Electric Co.,LLC, a Texas limited liability company <br /> Tenant's Address: P. O. Box 477, San Marcos,Texas 78667-0477 <br /> Premises <br /> Area: Approximately 13,100 square feet as shown in the attached Exhibit"A" <br /> Location: 118 South Edward Gary Street, San Marcos,Texas 78666 <br /> Term: <br /> Commencement Date: May 15,2025 <br /> Termination Date: May 14, 2030 <br /> Renewal: Subject to mutual agreement of the parties, provided either party notifies <br /> the other in writing of its intention to renew within 90 days of Termination <br /> Date. <br /> Rent: Year 1: $7,860.00 <br /> Year 2: $8,095.80 <br /> Year 3: $8,338.67 <br /> Year 4: $8,588.83 <br /> Year 5: $8,846.50 <br /> Permitted Use: Continuation of existing premises use by business as parking and electrical <br /> services shop; banned uses for lease and subleases specifically include adult oriented businesses, <br /> tattoo parlors, cannabis products shops. <br /> Tenant's Insurance: As required by Insurance Addendum <br /> Definitions <br /> "Agent" means agents, contractors, employees, licensees, and, to the extent under the <br /> control of the principal, invitees. <br />