N162AE Letter Agreement Subject: N162AE -- Letter Agreement From: Jap Blankenship Date: 10:01 AM To: AnthonyDennis • "Joan Roberts "Ted Osgood ( "Black, Joseph C CC: Irena Damnjanoska "Darren Indyke Ladies and Gentlemen: The form of the letter agreement among ASI Wings LLC, as Seller, Freedom Air International, Inc., as Purchaser, and IATS, as Escrow Agent, relating to the Escrow Agent's retention and subsequent distribution of $25,000 in connection with the Turbomeca engine matter, has been approved on behalf of ASI Wings and Freedom Air. A copy of the approved form of the agreement is attached hereto. The only change from the form of the agreement which was forwarded to some of you last night was to change the word "Purchaser" to "Seller" in the fourth line from the bottom of the first page of said letter agreement. On the third page, a counterpart of said letter agreement needs to be signed by each of ASI Wings, Freedom Air and IATS, and then each of you should e-mail me in PDF format the letter agreement as so executed. I will then assemble fully-executed counterparts of the executed letter agreement and forward a fully-executed copy to each of you by e-mail. Please let me know if the above should prompt any questions or comments. Best regards, lap lap W. Blankenship Fellers. Snider, Blankenship, Bailey & lippens 100 N. Broadway, Suite 1700 Ok . r ma City OK 73102M20 MS Circular 230 Notice: My tax advice included in the text of this message, or in any attachment, (i) is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding any tax penalties that may be imposed under the Internal Revenue Code and (ii) should not be used in promoting, matting, or recommending to another party any transaction or matter addressed herein. This message is sent from a law firm and may contain information that is privileged or confidential. If you received this transmission in error, please notify the sender by reply equal' and delete the message and any attachments. This message has been scanned for viruses and I oft 7/26/2011 10:06 AM CONFIDENTIAL Subject to Protective Order IATS - 000018 SDNY_GM_02774123 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00260763 EFTA01339391

N 162AE • • Letter Agreement dangerous ontent by MailScanner and is believed to be clean. Attachments: Letter Agreement (Turbomeca) ASI -- Freedom N162AE (Rev. 7.26)_vl.doc 32.5 KB 2 o12 7/26/2011 10:06 AM CONFIDENTIAL Subject to Protective Order IATS - 000019 SDNY_GM_02774124 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00260764 EFTA01339392