This Memorandum of Understanding ("MOU") is entered as of this day ofMemorandum of Understanding • May 12th, 2017
Contract Type FiledMay 12th, 2017, 2017 (the "Effective Date") between the City of Kansas City, Missouri ("City"), Terminal Developer, LLC ("Developer"), and Burns & McDonnell Engineering Company, Inc. ("Contractor") for improvements to the Airport (defined below). This MOU outlines certain terms and conditions under which the Developer would develop the Project (defined below). As soon as practical following the execution of this MOU and the satisfaction of the closing contingency set forth in Section 7.1.b. of this MOU, Developer will further engage its legal counsel to assist with the preparation of definitive Transaction Documents for the Project.