Michael S. Mandel Direct: +1 202.887.4196 I =Internal: 24196 From: Michael_Volpe@jetaviation.=om <mailto:[email protected]> (mailto:[email protected]] <mailto:(mailto:[email protected]> Sent: Monday, August 05, 2013 10:41 AM To: Mandel, Michael; [email protected] <mailto:valerie_fattoross@jetaviation=com> Cc: Daigle, Brian; [email protected] <mailto:William_Beversluis@jetaviation.=om> Subject: RE: Dry Lease Agreement and Charter Services Agreement=/o:p> Good Morning Michael, We should have something back to you today on =he Dry Lease Agreement and we are working on the modification of the Manag=ment Agreement, I do, however, want to let you know that the FAA has fallen behind their projected timetable for adding a=rcraft on to the JAFS Part 135 Certificate that has an effect to all Clien=s. Unexpectedly, they have just reassigned and/or are replacing two =f the three members of our Certificate Management Team (CMT). Our assigned Principal Operations Inspector (=O1) has been reassigned and replaced by a new Inspector. Our assigne= Principal Avionics Inspector (PAI) unfortunately passed away and his resp=nsibilities have not yet been reassigned. Sequestration has also added to this delay as well as their day to d=y, certificate oversight responsibilities. Once the POI gets acclima=ed to our Air Carrier program and the PAI is identified, it will take some=time for them both to become familiar with and respond to the submitted applications. We expect to begin the conformity process next=week but at the present time we have 4 aircraft ahead of N624N in the conf=rmity process and we currently have three submissions to the FAA for approval. We understand that this will have an impact to=our Clients and to our business and we are diligently working with the Sen=or Management at the FAA Certificate Holding District Office (CHDO) and the newly assigned Certificate Management Team =o mitigate any further delays. The process for adding aircraft onto =he JAFS Part 135 certificate has slowed significantly and, based on feedba=k we have received we believe it could be late October/early November before N624N will be added to the Certifica=e. We understand your concerns and we will keep y=u informed on how things progress over the coming weeks.=/p> Please let me know if you have any questions.<=:p> 4 EFTA_R1_01360390 EFTA02365246

Best regards Mike=/o:p> <=pan style="font-size:12.0pt;font-family:"Times New Roman",&quo=;serif";color:#1F497D"> Jet Aviation Flight Service=, Inc. Michael Volpe Vice President Client Relations 112 Charles A. Lindbergh Dr. Teterboro, New Jersey 07608 / United States Tel. +1 201 462 4078 mailto:Michael_Volpe@jetav=ation.com <mailto:[email protected]> www.jetaviation.com <http://www.jetaviat=on.com> <=o:p> From: Mandel, =ichael [mailto:[email protected]= <mailto:[email protected]> ] Sent: Sunday, August 04, 2013 12:52 PM To: Fattoross, Valerie Cc: Daigle, Brian; Beversluis, William; Volpe, Michael Subject: RE: Dry Lease Agreement and Charter Services Agreement=/o:p> =nbsp; Any idea when we can e=pect comments on the documents Brian circulated on the 26th? Thanks, Michael Michael S. Mandel Direct: +1 202.887.4196 I =Internal: 24196 From: Michael_Volpe@jetaviation.=om <mailto:[email protected]> [mailto:[email protected] <mailto:[mailto:[email protected]]> Sent: Friday, July 26, 2013 12:36 PM To: [email protected] <mailto:[email protected]> Cc: Daigle, Brian; Mandel, Michael; [email protected] <mailto:[email protected]> Subject: FW: Dry Lease Agreement and Charter Services Agreement=/o:p> 5 EFTA_R1_01360391 EFTA02365247

Val<=p> Please see the email b=low from Brian Daigle of Akin Gump and review the Agreements.4=pan> Best regards Mike=/p> <=pan style="font-size:12.0pt;font-family:"Times New Roman",&quo=;serif";color:#1F497D"> Jet Aviation Flight Service=, Inc. Michael Volpe Vice President Client Relations 112 Charles A. Lindbergh Dr. Teterboro, New Jersey 07608 / United States Tel. +1 201 462 4078 mailto:Michael_Volpe@jetav=ation.com <mailto:[email protected]> www.jetaviation.com <http://www.jetaviat=on.com> <=0:p> From: Daigle, =rian imailto:[email protected]<=a>l Sent: Friday, July 26, 2013 12:23 PM To: Volpe, Michael Cc: Mandel, Michael Subject: RE: Dry Lease Agreement and Charter Services Agreement=/o:p> <mailto:[email protected]> =nbsp; Mike, Attached please find o=r comments to the Dry Lease Agreement and the Management Agreement —=clean and marked versions are attached. Please review and let =s know if you have any questions or if you would like to discuss. Also, can you let us k=ow how long it will take to have the aircraft listed on Jet Aviation'=s Part 135 certificate? 6 EFTA_R1_01360392 EFTA02365248

Best regards, Brian Brian T. Daigle AKIN GUMP STRAUSS HAUER & FELD LLP Suite 2400 I Los Angeles, CA 90067-3010 I USA I Direct: +1310.728.3047 I Internal: 43047 Fax: +1 310.229.1001 I [email protected] <mailto:[email protected]> I aking=mp.com <http://www.akingump.com> I Bio <http://www.akingump.com/bdaigl=> From: Michael_Volpe@jetaviation.=om <mailto:[email protected]> (mailto:[email protected] <mailto:(mailto:[email protected]> Sent: Tuesday, July 23, 2013 8:19 AM To: Mandel, Michael; dnorton=shacklaw.net <mailto:[email protected]> Cc: Daigle, Brian Subject: RE: Dry Lease Agreement and Charter Services Agreement=/o:p> Hello Michael Here are both the Char=er Services Agreement as well as the Dry Lease Agreement in Word format. Brgds Mike=/p> <=pan style="font-size:12.0pt;font-family:"Times New Roman",&quo=;serif";color:#1F497D"> Jet Aviation Flight Service=, Inc. 7 EFTA_R1_01360393 EFTA02365249