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<br />ASSIGNMENT OF LEASE <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF LAMAR <br /> <br />~ <br />~ <br />~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />We, BILLY W. WINTERS and DONNA J. WINTERS, of Paris, Lamar County, Texas, <br /> <br />for and in consideration of the sum of TEN AND NO/IOO DOLLARS ($10.00) and other good <br /> <br />and valuable consideration to us in hand paid by RUSSELL GIFFORD of Lamar County, Texas, <br /> <br />the receipt and sufficiency of which is hereby acknowledged, do hereby assign, transfer, and <br /> <br />convey unto RUSSELL GIFFORD the north hangar space shown on Exhibit B to the First <br /> <br />Amended Lease Agreement dated November 7, 1996, by and between the City of Paris, Paris, <br /> <br />Texas, and Loma Alto Corporation, Russell Gifford, and Billy Winters and wife, Donna Winters, <br /> <br />a copy of which is attached hereto as Exhibit A, together will all of our rights, obligations, and <br /> <br />responsibilities thereunder. <br /> <br />To have and to hold the described hangar space for and during the remainder of the term <br /> <br />of said lease attached hereto as Exhibit A. <br /> <br />EXECUTED this 14th day of April, 1997. <br /> <br />Billy Winters <br /> <br />Donna Winters <br /> <br />ACCEPTANCE OF ASSIGNMENT <br /> <br />I, RUSSELL GIFFORD, Assignee in the above assignment, do hereby covenant and agree <br />to assume and accept the obligations and responsibilities of Assignors above for their proportionate <br />share of maintenance expenses, costs of repairs and renovations, and rent of the hangar building <br />described in Exhibit "B" of Exhibit A to the above Assignment, and I acknowledge that I do <br />become guarantor of the proportionate payment of all such expenses and rents as stated in Exhibit <br />A to the above Assignment. <br /> <br />" <br />I <br /> <br />~ <br />