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9 90 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: F.B. Transport, Inc. c/o Wunsch and George 100 Pine Street ' Twenty-First Floor San Fraiiisco, California CONVEYANCE RECOrP) FUR 9 I 9 PM z9P FEDERAL EtVIATION MUT AA 1' AND TO itS

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any insurance premium, and .(f)-Shall be with insurance companies, underwriters or funds ("insurers") . . reasonably satisfactory to Lastdri- . 9.4 Application of Insurance Proceeds . As between Lessee and Lessor, all insurance prdceeds received under policies . reqUiied pursuaht. to.Section 9.2 as a result of the occurrence of

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OTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245341 EFTA01329804 AIRCRAFT SECURITY AGREEMENT Loan No: 19001654 (Continued) Page 4 Application of Insurance Proceeds. Grantor thee promptly notify Lender of any loss or damage to the Collateral, whether or not such casually or loss is covered by insurance. Lender m

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y not provide any public liability or property damage indemnification and may not meet the requirements of any financial responsibility laws. 22. Application of Insurance Proceeds. Grantor shall promptly (not to exceed seven (7) days) notify Lender of any loss or damage to the Collateral in excess of $50,000, whether or not

ation Flight Standards District Office. for Ken W. Thompson Manager, Aircraft Registration Branch,

y not provide any public liability or property damage indemnification and may not meet the requirements of any financial responsibility laws. 22. Application of Insurance Proceeds. Grantor shall promptly (not to exceed seven (7) days) notify Lender of any loss or damage to the Collateral in excess of 550,000, whether or not s