1874 RES COP ON 28TH DAY OF APRIL 1978 MADE APPLICATION FOR STATE ASSISTANCE TO TX AERONAUTICS COMM REQUESTING PARTICIPATION IN COST OF COX FIELD IMPROVEMENTS

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16. The agency shall not be a party to any contract or eom- mitment which Sponsor may enter into or assume in carryiny out the project. 17. The Commission reserves the right to amend or withdraw this Offer at any time prior to acceptance by Sponsor. The acceptance period cannot be greater than _ 60 days after issuance unless extended in writing by the Commission. SPECIAL CONDITIONS: 18. None. BREACH Of primary importance to the Commission is compliance with the terms and conditions of this agreement. If, however, after all reasonable attempts to require compliance have failed, the Commission finds that Sponsor is unwilling and/or unable to comply with any of the terms and conditions of this agreement,or the application incorporated herein, the Commission may, in its discretion, (1) require a pro rata refund of money granted herein, depending upon the time of breach, (2) deny Sponsor's future requests for state aid, or (3) advise the Attorney General to bring suit seeking reimbursement of amount paid to Sponsor by the State, pursuant to the Grant Agreement. The Sponsor's acceptance of this Offer and ratification and adoption of application for qrant incorporated herein shall be evidenced by execution of this instrument by the Sponsor, as hereinafter provided, and said Offer and Acceptance shall comprise a Grant Agreement, con- stituting the obligations and rights of the State of Texas and the Sponsor with respect to the accomolishment of the project and the operation and maintenance of the Airport. Such Grant Agreement shall become effective upon the Sponsor's acceptance of this Offer and shall remain in full force and effect throughout the useful life of the facilities developed under the project, but in any event not to exceed twenty (20) years from the date of said acceptance. TAC FORM 400-6 (Rev. 11/76) Page 4 of 6