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<br />Exhibit IIAII Metes and Bounds Description and Plat of Fixed
<br />Base Operator Area, consisting of 2.320 Acres,
<br />More or Less
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<br />Exhibit IIBII Tie-Down Area
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<br />Exhibit IICII
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<br />Lessor Provided
<br />roadway, an eight
<br />, eight inch (8 II)
<br />drainage)
<br />
<br />Infrastructure (including
<br />inch (811) water line, an
<br />sewer line, and storm
<br />
<br />Exhibit IIDII
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<br />Lessee's Construction Schedule and Penalties.
<br />Lessor agrees, upon written application by
<br />Lessee, to extend the Lessee's construction
<br />schedule dates, in the event of the inability
<br />of Lessor to complete the Lessor provided
<br />infrastructure described on Exhibit IICII, in a
<br />timely manner, which delay by Lessor has the
<br />effect of delaying Lessee in meeting its time
<br />deadlines, above.
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<br />ARTICLE 1"- TERM OF AGREEMENT
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<br />1. The term of this Agreement and Lease, as it relates to the
<br />Prior Lease Area, shall be for the period commencing July 7, 1997,
<br />and terminating December 31, 1998, unless sooner terminated as
<br />hereinafter provided.
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<br />2. The term of this Agreement and Lease, as it relates to the
<br />Fixed Base Operator Area and Tie-Down and T-Hangar Area, shall be
<br />for the period commencing January 1, 1999, and terminating December
<br />31, 2018; provided, however, the" term of this Lease shall extend
<br />for two additional five-year renewal options, at the option of
<br />Lessee, unless cancelled by written notice from Lessee to Lessor,
<br />on or before July 1, 2018, in the case of the first five year
<br />renewal option; and on or before July 1, 2023, in the case of the
<br />second five year renewal option.
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<br />ARTICLE II - LEASED PREMISES AND FACILITIES
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<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 />u~to 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 />A. For the term stated in Article 1-1 hereof, the Prior
<br />Lease Area, as described in Agreement of Lease between
<br />the parties dated July 6, 1956, as amended; and
<br />
<br />B. For the term stated in Article .1-2 hereof, property at
<br />the Airport, consisting of 2.320 acres, more or less,
<br />identified as IIFixed Base Operator Areall on Exhibit IIAII
<br />attached hereto and made a part of this Agreement.
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