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<br />../ <br /> <br />....-... <br />- <br />"'IIlIII!!I!!I <br /> <br />....... <br /> <br />"!'IIII!II'" <br /> <br />-- <br /> <br />.. <br /> <br />It <br /> <br />e <br /> <br />. <br />'. <br /> <br />-10- <br /> <br />select an arbiter, 'and'such two arbiters shall select a third, <br /> <br />and such three'arbiters shall agree upon a purchase-sale price <br />for said impro.vements., If LESSOR' does not exercise its ,option <br /> <br />'to purchase said i~provements" LESSEE shall' 'have the right to <br /> <br />sell. said improvements to o.ther' parties. Any expenses incident <br /> <br />to the conduct of ,such'arbitratio~ shall be borne equally by <br />LESSEE and LESSOR. <br /> <br />xx. <br /> <br />LESSOR covenants that LESSOR,has good right and ,lawful <br /> <br />authority ~o execute this ,Lease,'t~at throughout the term hereof <br /> <br />, , <br />LESSEE shall, have, hol.d and enjoy, peaceful and...uninterrupted <br /> <br />possession, of 'all of ,the Premises. and Airport rights herein and <br />hereby leased and granted, subject always to ,the payment of the <br />rent 'and the performance ,of the coven~nts, as herein provide~ <br /> <br />to be paid and performed by LESSEE. <br /> <br />XXI. <br /> <br />Notices provided for in this Lease shall be sufficient if <br /> <br />sent by registered mail., pos,tage prepai.d..,', addressed, if to LESSOR, <br /> <br />to the e~ty of La Por,te, Attention: .Mayor, .La Porte, Texas; <br /> <br />and, if 'to LESSEE, to: Greqorv Aviati.o!l' 2823 S. Shaver Street <br />Pa~adena, Texas, 77502 , or to such other respective addresses <br /> <br />as the Parties hereto may designate in writing f~om time to time. <br /> <br />XXII. <br /> <br />All references herein contained to LESSOR,an~ to LESSEE, <br /> <br />. shall be deemed to include the heirs,. successors, assigns, and <br /> <br />legal representatives of each. <br /> <br />IN WITNESS WHEReOF, the Parties hereto,have ,~ereunto signed <br /> <br />and sealed this instrument in several duplicate originals, this <br /> <br />the ' 1st <br /> <br />day' o'f "NOVEMBER <br /> <br />, 1976. <br /> <br />.: <br /> <br />CITY ~~ <br />~- <br />Mayor , <br /> <br />LESSOR <br />