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<br />~~ <br /> <br />. <br /> <br />. <br /> <br />AGREEMENT AND LEASE <br />FOR FIXED BASE OPERATIONS <br />FOR CITY OF LA PORTE MUNICIPAL AIRPORT <br /> <br />THIS AGREEMENT AND LEASE, made and entered into this 1st day <br />of January, 1993, by and between the City of La Porte, a municipal <br />corporation organized and existing under the laws of the State of <br />Texas, hereinafter referred to as "Lessor" and Gulf Central <br />Aviation, Inc., a corporation organized and existing under the laws <br />of the State of Texas, hereinafter referred to as "Lessee." <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, the Lessor controls and operates an airport known as <br />La Porte Municipal Airport, located in the City of La Porte, State <br />of Texas, which airport and any additions or improvements thereto <br />or changes therein which the Lessor hereafter makes or authorizes <br />are hereinafter collectively referred to as the "Airport", and, <br /> <br />WHEREAS, the parties hereto desire to enter into an Agreement <br />and Lease for the use of premises and facilities at the Airport <br />all as more fully hereinafter set forth. <br /> <br />NOW, THEREFORE, for and in consideration of the mutual <br />covenants and agreements herein contained, the Lessor and the <br />Lessee do hereby mutually undertake, promise and agree, each for <br />itself and its successors and assigns, as follows: <br /> <br />ARTICLE I - TERM OF AGREEMENT <br /> <br />The term of this Agreement and Lease shall be for the period <br />commencing January 1, 1993, and terminating December 31, 2013, <br />unless sooner terminated as hereinafter provided. <br /> <br />ARTICLE II - LEASED PREMISES AND FACILITIES <br /> <br />1. The Lessor, in consideration of the compensation and sundry <br />covenants and agreements set forth herein to be kept and performed <br />by the Lessee, does hereby, and by these presents, demise and lease <br />unto the Lessee, upon the conditions hereinafter set forth, all of <br />which the Lessee accepts, the exclusive use and occupancy of the <br />Leased Premises, to-wit: <br /> <br />Property at <br />acres, more <br />on Exhibit <br />Agreement. <br /> <br />La Porte Municipal Airport, consisting of 3.6065 <br />or less, identified as "Fixed Base Operator Area" <br />"A" attached hereto and made a part of this <br /> <br />The location and boundaries of said Leased Premises, as indicated <br />on Exhibit "A", attached hereto, are stipulated and agreed between <br />