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• AMENDMENT NUMBER FOUR TO LEASE OF AIRPORT PROPERTY BETWEEN <br />OFFICERS CLUB AEROVENTURES SAN MARCOS #l, LP, OFFICERS CLUB <br />AEROVENTURES SAN MARCOS#2 AND THE CITY OF SAN MARCOS, TEXAS, <br />GRANTING A RIGHT OF FIRST REFUSAL FOR ENTERING INTO A NEW LEASE <br />AGREEMENT AT THE EXPIRATION OF THE CURRENT 30 YEAR TERM <br />STATE OF TEXAS § <br />COUNTY OF HAYS § <br />The City of San Marcos, Texas, a Texas municipal corporation (the "Lessor") and <br />Officers Club AeroVentures San Marcos #l, LP and Officers Club AeroVentures San <br />Marcos #2 (the "Lessees"), agree to amend their lease agreement (the "Lease") entered <br />into on April 29, 2005. <br />In consideration of the mutual covenants contained in this amendment, the Lessor and <br />the Lessees agree to amend the Lease as follows: <br />1. Section 2.08 of the Lease is amended to read as follows: <br />• <br />The term of the Lease will commence on May 1, 2005 and will extend for a <br />period of 30 years. Lessees shall have the right of first refusal to enter into a new <br />lease agreement at the expiration of the term of this Lease". <br />2. In all other respects, except as modified in this amendment and in previous <br />amendments approved by the San Marcos City Council on February 19, 2008, <br />December 11, 2007 and September 20, 2005, all of the terms and conditions of <br />the Lease shall remain in full force and effect as to all of the Leased Premises. <br />Executed on the 15th day of July, 2008. <br />LESSOR: <br />City of S M rcos <br />By: <br />Rick Men haca, City Manager <br />?J