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DocuSign Envelope ID: 5E 1 B21 BF-4DOA-48OF-A7C9-1 B28996727A9 <br />Offer Date <br />Airport <br />TEXAS DEPARTMENT OF TRANSPORTATION <br />CARES ACT AIRPORT GRANT AGREEMENT <br />PART I — OFFER <br />June 12, 2020 <br />Cox Field <br />CARES Grant Number 20CRPARIS <br />Unique Entity Identifier 079333845 <br />TO: City of Paris,Texas <br />w ... ... _w_ ........... <br />(herein called the "Sponsor") (For Co -Sponsors, list all Co -Sponsor names. The word "Sponsor" in this Grant <br />Agreement also applies to a Co -Sponsor.) <br />FROM: The State of Texas, acting through the Texas Department of Transportation <br />WHEREAS, the Sponsor has submitted to the TxDOT a Coronavirus Aid, Relief, and Economic <br />Security Act (CARES Act or "the Act") Airports Grants Application (herein called the "Grant") <br />June 3, 2020, for a grant of Federal funds at or associated with Cox Field; which is included as <br />part of this Grant Agreement; and <br />This Agreement is made and entered into by and between the Texas Department of <br />Transportation, (hereinafter referred to as the "State"), for and on behalf of the State of <br />Texas, and City of Paris, Texas, (hereinafter referred to as the "Sponsor"). <br />WHEREAS, City of Paris has accepted the terms of TxDOT's Grant offer; <br />WHEREAS, in consideration of the promises, representations and assurances provided by the <br />Sponsor, the TxDOT has approved the Grant Application for Cox Field (herein called the <br />"Grant") consisting of the following: <br />This Grant is provided in accordance with the CARES Act, as described below, to provide <br />eligible Sponsors with funding to help offset a decline in revenues arising from diminished <br />airport operations and activities as a result of the COVID-19 Public Health Emergency. CARES <br />Act Airport Grants amounts to specific airports are derived by legislative formula. <br />The purpose of this Grant is to maintain safe and efficient airport operations. Funds provided <br />under this Grant Agreement must only be used for purposes directly related to the airport. Such <br />purposes can include the reimbursement of an airport's operational and maintenance expenses <br />or debt service payments. CARES Act Airport Grants may be used to reimburse airport <br />operational and maintenance expenses directly related to Cox Field incurred no earlier than <br />January 20, 2020. CARES Act Airport Grants also may be used to reimburse a Sponsor's <br />payment of debt service where such payments occur on or after March 27, 2020. Funds <br />provided under the Grant will be governed by the same principles that govern "airport revenue." <br />Page 1 of 14 <br />