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<br />ASSIGNMENT OF LEASE <br /> <br />STATE OF TEXAS ~ <br />~ <br />COUNTY OF LAMAR ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />I, JOHN GANN, III, of Paris, Lamar County, Texas, for and in consideration of the sum <br /> <br />of TEN AND NOIlOO DOLLARS ($10.00) and other good and valuable consideration to me in <br /> <br />hand paid by CARTER AIRCRAFT SERVICE, INC. of Lamar County, Texas, the receipt and <br /> <br />sufficiency of which is hereby acknowledged, do hereby assign, transfer, and convey unto <br /> <br />CARTER AIRCRAFT SERVICE, INC. that portion of Cox Field Airport shown on Exhibit A to <br /> <br />the Lease Agreement dated March 19, 1987, by and between the City of Paris, Paris, Texas, and <br /> <br />John Gann, III, a copy of which is attached hereto as Exhibit A, together will all of my rights, <br /> <br />obligations, and responsibilities thereunder, and all of my rights, obligations, and responsibilities <br /> <br />under Addendum Number One to said Lease Agreement, a copy of which is attached hereto as <br /> <br />Exhibit B. <br /> <br />To have and to hold the described property for and during the remainder of the term of said <br /> <br />lease attached hereto as Exhibit A and said addendum attached hereto as Exhibit B. <br /> <br />EXECUTED this 9th day of March, 1998. <br /> <br />John Gann, III <br /> <br />ACCEPTANCE OF ASSIGNMENT <br /> <br />CARTER AIRCRAFT SERVICE, INC., acting by and through its President, Delton <br />Wayne Carter, duly authorized, Assignee in the above assignment, does hereby covenant and <br />agree to assume and accept the obligations and responsibilities of Assignor above under the above- <br />referenced lease agreement attached hereto as Exhibit A and addendum attached hereto as Exhibit <br />B. <br /> <br />CARTER AIRCRAFT SERVICE, INC. <br /> <br />By: <br /> <br />Delton Wayne Carter, President <br />