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E] DRAF1 <br />ASSIGNMENT OF LIEN <br />THE STATE OF TEXAS ) <br />) KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMAR ) <br />THAT PARIS ECONOMIC DEVELOPMENT CORPORATION, A Texas Non-Profit <br />Corporation, by and through its duly authorized President, M. PIKE BURKHART, SR. <br />(herein called "Borrower"), for and in consideration of the sum of Ten ($10.00) and more Dollars <br />cash to it in hand paid by CAPITAL ONE BANK, N.A., A Banking Corporation (herein called <br />"Lender"), the receipt of which is hereby acknowledged, has Sold, Transferred, and Conveyed, and <br />by these presents does Sell, Transfer and Convey, unto CAPITAL ONE BANK, N.A., of the <br />County of , State of Texas, where its mailing address is Attn: <br />all of Borrower's interest in income received by it from sales tax revenues, as well as other income <br />received by Borrower, except that portion of same currently obligated; "income received" being <br />defined as receipts of one-fourth (1/4) of 1.00% of the sales and use tax levied by the City of Paris <br />and payable to Borrower. <br />TO HAVE AND TO HOLD the same unto CAPITAL ONE BANK, N.A., A Banking <br />Corporation, its successors or assigns forever. <br />WITNESS this 1 st day of September, 2011. <br />PARIS ECONOMIC DEVELOPMENT <br />CORPORATION <br />A Texas Non-Profit Corporation <br />BY: <br />M. PIKE BURKHART, SR. President <br />Duly Authorized <br />-1- <br />