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gal —LEASE ►95AS arA"oAnn r•
L704Q Ofitte of l'�P�EFI�, a �
�attnt of WILLIAMSON �nIv ,AII �rtt bJ c�hPBp �rFAPt1tB.
Made this day of November A. D. 19 83, by and between
TEJAS AVIONICS, INC., A Texas Corporation, by its President
WILLIAM PIPPEN , known herein as LESSOR.
and
MIKE PINSON'S PLANE THING,.INC. A Texas Corporation by its President
JOHN M. PINSON , known Iserein as LESSEE,
(The terms "Lessor" and "Leasee" shall be construed In the singular or plural number according as they respec•
lively represent one or more than one person.)
WITNESSETH, That the said Lessor does by these presents Lease and Demise unto the said Le.see the following
described property, to -wit: Lying and being situated in the County of WILLIAMSON . State of Texai, and being
an area on the second floor of the Tejas Avionics Hanger located on the
Georgetown Municipal Airport consisting of approximately 250 square feet
in the northwest corner of said building
for the terms of six months beginning the 1st day of December
A. D. t9 83 and ending the 31st day day of May 1984 , paring
therefor the sum of Fifteen Hundred ($1500.00) not.LARS,
parable in advance
upon the conditions and covenants following -
First. That Lessee will well and PUNCTUALLY pay said rents in manner and form as hereinbefore specified,
and Quietl deliver up said premises on the day of the expiration of this lease, in as good condition as the same were In
when receded, reasonable wear and tear thereof excepted.
Second. That the said premises shall be used for a fixed base. operation for the sale,
service, and maintenance of aircraft and for all other.business purpose
for which a fixed base operation may now or in the future undertake
and for no other purpose, unless authorized hereafter by Lessor.
Third. That Lessee will not sublet sold premises, or any part thereof, to any person or persons what%never,
without the consent of said Lessor, IN WRITING, thereto first obtained.
Fourtk Thit on failure to pay'the rent in advance, as aforesaid, or to comply with any of the foregoing oblige.
tions, or in vlolation of any of the foregoing covenants, the Lessor may declare this lease forfeited at Leisor's disc►etinn
and Leaver or Lessor's agent or attorney shalt have the power to enter and hold, occupy and repossess the entire premises
hereinbefore described. as before the execution of these presents.
Fifth, Lessor shall pay the cost of all utilities, except telephone.
Sixth, Lessor shall, prior to occupancy, have installed for the use
of Lessee and in and to Lessee's premises, a restroom with commode &
sink and an outside entrance and stairs, which improvements shall be
in compliance with all appropriate building codes and for which Lessor
shall pay all costs and obtain all necessary building permits. Such
improvements shall also be provided -with adequate electric lighting
fixtures to permit the safe use of said improvements.
Seventh, upon the conclusion of the initial term of this lease, the
lease shall continue upon all terms herein.recited on a month to month
basis for a rental fee of $250.00 per month payable on or before the
1st day of each month. Either party may-terminate.this lease upon 30 day
written notice given prior to'the ending, date fo each,lease term.
IN TESTIMONY WHEREOF. The parties to this agreement We hereunt ee their4ands in duplicate, the dar
and year above written.
TE.AAS AVION C.
Wil gpenm resident 1.1755,011t
�IC,PS
ONfr?
PLANE THING, INC.
by Jahn M. Pinson, Prestdrnt LCL r11r�