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<br /> 152
<br /> THE STATE OF TEXAS
<br /> CONSOLIDATION AND AMENDMENT
<br /> OF LEASES
<br /> COUNTY OF CALDWELL
<br /> KNOW ALL PERSONS BY THESE PRESENTS:
<br /> Whereas, by execution of a lease agreement on September 9, 1980,
<br /> subsequently amended on September 9, 1985, October 15, 1985, and
<br /> January 23, 1989, the City of San Marcos, Texas, hereinafter referred
<br /> to as "LESSORII did enter into an agreement for the lease of a portion
<br /> of the San Marcos Municipal Airport, hereinafter IIAirport", to GT+3
<br /> Flight Operations, Inc., for the conduct of its business as a Fixed
<br /> Base Operator at said airport; and,
<br /> VJhereas, by execution of a lease agreement on January 10, 1984,
<br /> subsequently amended on June 11, 1985 and October 15, 1985, LESSOR
<br /> did enter into an agreement for the lease of a portion of said Airport
<br /> to LESSEE for its construction of, and use as, an aircraft storage
<br /> hangar and parking area and for securing airplanes and for office,
<br /> maintenance and repair space; and,
<br /> WHEREAS, GT+3 Flight Operations, Inc. has assigned the
<br /> above-described leases to AVPRO, Inc., dba Aviation Professionals,
<br /> Inc., hereinafter referred to as "LESSEE" and said assignment
<br /> has been approved by LESSOR; and,
<br /> Whereas, LESSOR and LESSEE desire to consolidate and amend said
<br /> lease agreements; now, therefore,
<br /> ì'JITNESSETH, LESSOR and LESSEE do hereby agree as follows:
<br /> I.
<br /> A. Premi se s Leased for FBO Operation.
<br /> LESSOR does by these presents lease and demi se unto LESSEE a
<br /> portion of the San Marcos Municipal Airport situated in Caldwell
<br /> County, of which LESSOR is owner by virtue of an indenture from the
<br /> United States of America dated the 14th day of February, 1966, the 14th
<br /> day of July, 1969, and the lIth day of May, 1976, to which reference
<br /> is hereby made and by such reference, made a part thereof, said
<br /> portion designated as terminal building, hereinafter "the demised
<br /> premises", for its conduct as à fixed base operator, hereinafter
<br /> "FBO", at Airport. However, LESSOR desires to construct a new airport
<br />
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