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<br />114 <br /> <br />THE STATE OF TEXAS <br /> <br />COUNTY OF CALDWELL <br /> <br />LEASE <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS: <br /> <br />\"¡HEREAS , <br /> <br />the City of San Marcos, <br /> <br />Texas, <br /> <br />is the owner of the San <br /> <br />Marcos <br /> <br />Municipal <br /> <br />Airport, <br /> <br />situated <br /> <br />in <br /> <br />Caldwell <br /> <br />County, <br /> <br />Texas, <br /> <br />hereinafter "Airport," by virtue of an indenture from the United States <br /> <br />of America dated the 24th day of February, <br /> <br />1966, <br /> <br />and the 14th day of <br /> <br />July, 1969, and the 11th day of May, 1976, to which reference is hereby <br /> <br />made~ and <br /> <br />WHEREAS, Eagle Aero Corporation desires to obtain from the City of <br /> <br />San Marcos a land lease upon which to construct a facility at the San <br /> <br />Marcos <br /> <br />Municipal <br /> <br />Airport <br /> <br />for <br /> <br />the <br /> <br />purpose <br /> <br />of <br /> <br />providing <br /> <br />flight <br /> <br />instruction, ground school, <br /> <br />aircraft renting, <br /> <br />charter, and leasing~ and <br /> <br />doing <br /> <br />repair, <br /> <br />modification, <br /> <br />and <br /> <br />maintenance <br /> <br />of <br /> <br />aircraft; <br /> <br />and <br /> <br />other <br /> <br />customer support to aviation customers; and <br /> <br />\vHEREAS, the City of San Marcos, as Lessor, in order to effectuate <br /> <br />use of the subject premises to construct such facility desires to enter <br /> <br />into a lease of a portion of such Airport with Eagle Aero Corporation, <br /> <br />as <br /> <br />Lessee, <br /> <br />and <br /> <br />Lessee <br /> <br />does <br /> <br />desire <br /> <br />to <br /> <br />lease <br /> <br />such <br /> <br />property <br /> <br />for <br /> <br />the <br /> <br />construction <br /> <br />of <br /> <br />a <br /> <br />facility <br /> <br />for <br /> <br />aircraft <br /> <br />in <br /> <br />accordance <br /> <br />with <br /> <br />the <br /> <br />following terms and conditions: <br /> <br />WITNESSETH: <br /> <br />1. <br /> <br />Federal Aviation Adminstration. <br /> <br />All covenants, <br /> <br />terms, <br /> <br />and conditions of this lease must be <br /> <br />reviewed by the <br /> <br />Federal Aviation Administration before <br /> <br />the <br /> <br />effective date of lease as hereinafter stipulated. <br /> <br />2. <br /> <br />Demised Premises. <br /> <br />The <br /> <br />City of <br /> <br />San <br /> <br />Marcos, <br /> <br />hereinafter <br /> <br />called Lessor, <br /> <br />hereby <br /> <br />leases to Eagle Aero Corporation, hereinafter called Lessee, <br /> <br />and <br /> <br />said <br /> <br />Lessee <br /> <br />rents <br /> <br />from <br /> <br />Lessor <br /> <br />that <br /> <br />certain <br /> <br />premises <br /> <br />described in attached IIEXHIBIT All. <br /> <br />Lessee agrees to cause an <br /> <br />exact survey to be made of said <br /> <br />premises <br /> <br />and <br /> <br />both <br /> <br />parties <br /> <br />-1- <br />