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• <br />ARTICLE XVII - FAVORED NATIONS CLAUSE <br />1. Lessor covenants and agrees not to hereafter enter into any <br />lease, contract, or agreement, nor any renewal of any existing <br />leases, with any other party with respect to the Airport, containing <br />more favorable terms than this lease or to grant to any other <br />operator rights, privileges or concessions with respect to the <br />Airport which are not accorded to Lessee hereunder, unless the same <br />rights, privileges and concessions are concurrently and <br />automatically made available to Lessee. It is understood and agreed <br />that the intent of the parties in this paragraph is to provide that <br />Lessee shall not be put at a competitive disadvantage with any other <br />operator rights, privileges or concessions which have not been <br />granted to Lessee or terms and conditions more favorable than those <br />enjoyed by Lessee. <br />ARTICLE XVIII - PRIOR LEASE <br />1. This Agreement of Lease supersedes that certain Airport Lease <br />Agreement between the City of La Porte, Lessor, and Robert A. <br />Gregory and James M. Williams, Lessee, dated January 1, 1977, and <br />expiring on the 31st day of December, 1996, which Agreement of Lease <br />was assigned to D.E. Aviation, a General Partnership consisting of <br />E. Harvey and Deborah Rihn, on the 5th day of August, 1981. <br />ARTICLE XIX - CORPORATE G <br />1. In the event Lessee constructs further permanent improvements, <br />or demolishes permanent improvements, on the Leased Premises, the <br />corporation reasonably guarantee the performance of such <br />construction or demolition. <br />16 <br />