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COND LIEN AIRCRAFT MORTGAGE AND SECURITY AGREEMENT dated as of December _7_, 2007 made by FLIGHT OPTIONS, LLC in favor of FO FINANCING, LLC as Mortgagee NJ 228,303 800W 0O as SDNY_GM_02758928 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245850 EFTA01330313 A v x o •

ARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245843 EFTA01330306 LOAN (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE Raytheon Aircraft Company Model 400P Manufacturer's Serial No. RK-260 Registration No. tu7R7-re Engine Make and Model Pratt & Whi tnev 1f1510-5 Engine Serial Nos. Prr - TAO7R7

bove, full title and right of possession to the Mortgage Collateral, including the Aircraft so sold shall (subject to any retention of title by the Mortgagee as part of the terms of such sale) pass to the accepted purchaser forthwith upon the completion of such sale, and the Grantor shall deliver, in acc

y certify this Issttutt exact c ot e eati/ re na e e cetSC. LOAN (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE Raytheon Aircraft Company Model 400A Manufacturer's Serial No. RK-244 Registration No._ N493LX Engine Make and Model Pratt JI15D Engine Serial Nos. pre-„w12% a PCP4A0257 Pro

NJ ra 4.7 Reserved. 4.8 Inspection. Subject to the provisions of Section 10 of the Term Note Agreement, the Grantor shall permit the Mortgagee by its officers or agents to inspect the Mortgage Collateral, including the Aircraft, and the Grantor's documents and records relating thereto, at a

7, 8, 9, 10, 15, and 17 EFTA 00248624 EFTA01332142 0 8 WAN 0 (For use on deals drawn under the September 1, 2003, Agreement) • FAA RELEASE Raytheon Aircraft Company Model /1O(1A Manufacturer's Serial No RK-244 Registration No. N793TA Engine Make and Model SP & Whitney 3T1511-5 Engine Serial Nos. PC.F.- lAn2S7

bove, full title and right of possession to the Mortgage Collateral, including the Aircraft so sold shall (subject to any retention of title by the Mortgagee as part of the terms of such sale) pass to the accepted purchaser forthwith upon the completion of such sale, and the Grantor shall deliver, in acc

certify this Is a true exact y of eo re Ire T e ervicetic. LOAN (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE Raytheon Aircraft Company Model 400A Manufacturer's Serial No. RK-244 Registration No._ N493LX Engine Make and Model Pratt & Whitney Canada JT15D Engine Serial Nos. pre-Jan/56

A01327888 C4I tv 4.7 Reserved. 4.8 Inspection. Subject to the provisions of Section 10 of the Term Note Agreement, the Grantor shall permit the Mortgagee by its officers or agents to inspect the Mortgage Collateral. including the Aircraft, and the Grantor's documents and records relating thereto, at a

00242864 EFTA01327980 D 3 8 0 4 4) 0 • LOAN 0 (For use on deals drawn under the September 1, 2003, Agreement) 0 FAA RELEASE o 3 0 0 Raytheon Aircraft Company Model 4OOA 0 zi Manufacturer's Serial No. RK-244 8 Registration No. N793TA a a Engine Make and Model Pratt& WO tney 3T191-5 e c Engine Serial N

bove, full title and right of possession to the Mortgage Collateral, including the Aircraft so sold shall (subject to any retention of title by the Mortgagee as part of the terms of such sale) pass to the accepted purchaser forthwith upon the completion of such sale, and the Grantor shall deliver, in acc

PG 1, ET Al EFTA00012473 EFTA00012474 L co O O O LOAN 0 7 (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE Raytheon Aircraft Company Model 400A 0 Manufacturer's Serial No. RK-244 Registration No._ wax a Engine Make and Model Pratt & Whi tney Canada JT15D Engine Serial Nos. pc_

4.7 Reserved. 4.8 Inspection. Subject to the provisions of Section 10 of the Term Note Agreement, the Grantor shall permit the Mortgagee by its officers or agents to inspect the Mortgage Collateral, including the Aircraft, and the Grantor's documents and records relating thereto, at a

OKLAHOMA EFTA00012688 > K 0 o 0 a v co LOAN 0 (For use on deals drawn under the September 1, 2003, Agreement) al .< FAA RELEASE CO 3 g Raytheon Aircraft Company Model annA a x Manufacturer's Serial No. RK-244 S Registration No. N793TA a rD Engine Make and Model Prat t& Whitney 3T151)-5 a L Engine Serial