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<br />the Taxiways in a condition fully fit for their intended purposes. <br /> <br />4. Lessor and Lessee agree to amend Section 5.01 of the Lease as follows (added text is <br />indicated by underlininQ; deleted text is indicated by overstrike): <br /> <br />5.01. The Lessee shall construct the Hangars on the Leased Premises as depicted generally <br />on the attached Exhibit B, and the Lessee shall construct paved taxiways (the "Taxiways") <br />in the areas depicted Qenerally on the attached Exhibit C. The Lessee shall substantially <br />begin the construction of the Taxiways and the first of the two enclosed metal T-hanQar <br />buildinQs H::mgars within 90 days of the date of this Lease, shall diligently and continuously <br />pursue the construction to completion, and shall fully complete the first buildinQ and the <br />Taxiways Hangars within one year of the date of this Lease. The Lessee shall fully complete <br />the second T -hanQar buildinQ and the executive hanQar within two years of the date of this <br />Lease. Any delay or lack of progress in the construction of any of the HanQars or of the <br />Taxiways will constitute a default by the Lessee, and will authorize the Lessor to pursue all <br />remedies available to it as described in Article 11 of this Lease. The construction of the <br />Hangars and Taxiways shall be in accordance with sealed plans prepared by an architect <br />or structural engineer licensed or registered in the State of Texas. The plans shall depict the <br />total construction project for the Hangars and Taxiways, and shall be accompanied by the <br />architect or engineer's estimated cost of the construction and the time schedule for <br />completion of the construction. The plans shall be subject to approval by the City. <br /> <br />In all other respects, except as modified in this amendment, the terms and provisions of the <br />Lease, as amended, shall remain in full force and effect. This amendment shall have the same <br />force and effect as if incorporated in the Lease. <br /> <br />EXECUTED on May 14 <br /> <br />,2002. <br /> <br />Attest 11 <br />.~,~~. <br /> <br />~. Womac <br />City Clerk <br /> <br />LESSOR: <br />City Of San Marcos <br /> <br />':i /.dbL~ <br />L . ry D. Oilley, City ager <br /> <br />BY: <br /> <br />LESSEE: <br />Randy Kerner d/b/a Kerner Aircraft Services <br /> <br />Randy Kerner <br /> <br />President <br /> <br />STATE OF TEXAS <br />COUNTY OF HAYS . <br />This instrument was acknowledged before me on ~~ /fa?(I~ <br /> <br />by Larry D. <br />