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<br />174 <br /> <br /> <br /> <br /> <br />THE STATE OF TEXAS <br />COUNTY OF CALDWELL <br /> <br />LEASE <br />KNOW ALL PERSONS BY THESE PRESENTS: <br />WHEREAS, the City of San Marcos, Texas, is the owner of the San <br />Marcos Municipal Airport, situated in Caldwell County, Texas, <br />hereinafter "Airport," by virtue of an indenture from the United States <br />of America dated the 24th day of February, 1966, and the 14th day of <br />July, 1969, and the 11th day of May, 1976, to which reference is hereby <br />made; and <br />WHEREAS, Eagle Aero Corporation, a corporation formed and existing <br />under the laws of the State of Texas, and Jeffrey C. Fox, an individual <br />residing in Bastrop County, Texas, desire to obtain from the City of <br />San Marcos a lease of premises located at the San Marcos Municipal <br />Airport for the purpose of providing flight instruction, ground school, <br />aircraft renting, pilot supplies, charter,and leasing; and, <br />WHEREAS, the City of San Marcos, as Lessor, in order to effectuate <br />use of the subject premises desires to enter into a lease of a portion <br />of such Airport with Eagle Aero Corporation, a corporation formed and <br />existing under the laws of the State of Texas, and Jeffrey C. Fox, an <br />individual residing in Bastrop County, Texas, as Lessee, and Lessee <br />does desire to lease such property in accordance with the following <br />terms and conditions; now, therefore, <br />WITNESSETH: <br />1. Federal Aviation Adminstration. <br />All covenants, terms, and conditions of this lease must be <br />reviewed by the Federal Aviation Administration before the <br />effective date of lease as hereinafter stipulated. <br />2. Demised Premises. <br />It is understood between the parties to this lease that the <br />construction of a new terminal building at the airport may be <br />completed by the City of San Marcos during the term of this <br />lease. Therefore, the City of San Marcos, hereinafter <br />referred to as "Lessor", hereby leases to Eagle Aero <br />Corporation and, Jeffery Fox, hereinafter referred to as <br />