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ASSIGNMENT AND ACCEPTANCE Or LEASE <br />THE STATE OF TEXAS § <br />§ KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMA.R § <br />WHEREAS, Chad D. Parrott is the legal owner and holder of the herein described Lease <br />Agreement, as Lessee which pertains to Hangar AAA at Cox Field Airport, Paris, Lamar County, <br />Texas; and <br />WHEREAS, Jinnny Srnyers wishes to purchase said Lease Agreement from Chad D. Parrott; <br />NOW THEREFORE, I, CHAD D. PARROTT (herein "Assignor "), of Lamar County, Texas, <br />for and in consideration of the sum of TEN AND N01100 DOLLARS ($10.00) cash, and other good <br />and valuable consideration to me in hand paid by JIMMY SMYERS (herein "Assignee ") of Lamar <br />County, Texas, the receipt and sufficiency of which is hereby acknowledged, do hereby transfer, <br />assign and convey unto Assignee that certain Lease Agreement dated March 8, 1998, by and between <br />the City of Paris as Lessor and Toby Rex Adams as original Lessee, a copy of which is attached <br />hereto as Exhibit A, covering that portion of Cox Field Airport in Paris, Lamar County, Texas, as <br />described therein, together will all my rights and titles thereunder, and Assignee agrees to accept and <br />does hereby accept this assignment and agrees to assume and accept all obligations and <br />responsibilities of the Lessee in and under said Lease Agreement. <br />Assignor binds Assignor, his heirs and successors to warrant and forever defend all and <br />singular the rights to said Lease Agreement to Assignee, his heirs, successors, and assigns against <br />every person whomsoever lawfully claiming or to claim the same or any part thereof by through or <br />under the Assignor, but not otherwise. Assignor warrants that he is not in default in any manner <br />under the terms of said Lease Agreement, as of the date hereof. <br />EXECUTED EFFECTIVE the 13th day of March, 2015. <br />CHAD D. PARROTT, Assignor <br />JIMMY SMYERS, Assignee <br />