co co IN WITNESS WHEREOF, the Grantor has caused this Mongage to be duly executed and delivered as of the day and year first above written. FLIGHT OPTIONS. I.LC By: Name: B C. Boyle Its: Chief Financial Officer Ainvail Monger and Smarmy Ay ocaseni SDNY_GM_02759010 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245932 EFTA01330395

SDNY_GM_02759011 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245933 EFTA01330396

FO FINANCING. LLC By: H.I.G.-GPII. Inc. Its: Manager By: ame: Richard Siegel Title: General Counsel AiKst 1/4:44., taied NifCrail Mortgage and Security Ago: matt SDNY_GM_02759012 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245934 EFTA01330397

SDNY_GM_02759013 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245935 EFTA01330398

Exhibit A Loan and Security Agreement Not included for purposes of confidentiality NJ 224294.392v7 us 03 .... rJ 0) 0) SDNY_GM_02759014 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245936 EFTA01330399

SDNY_GM_02759015 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245937 EFTA01330400

r.3 t 05 Schedule I Aircraft: Airframes and Engines* Type Reg. No. Serial No. Engine Make Engine Type Engine Serial No. Percent Owned-- Raytheon Aircraft Company— model 400A N787TA RK-260 Pratt & Whitney Canada JT15D-5 PCE- JA0287*- 25.0% Raytheon Aircraft Company" model 400A N787TA RK-260 Pratt & Whitney Canada jr15D-5 PCE- JA0291-• 250% * . *Each of which Engines is capable of 1750 lbs. or more of thrust or has 550 or more rated takeoff horsepower or the equivalent thereof. ••Described on the International Registry drop down menu as RAYTHEON AIRCRAFT COMPANY. "'Described on the International Registry drop down menu as PRATT & WHITNEY CANADA model JTI SD SERIES with serial numbers JA0287 and JA0291. ••••Aircraft used herein references Grantor's undivided 25.0% interest in the Aircraft and Engines. C1099 4911636-2.066497.0063 SDNY_GM_02759016 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245938 EFTA01330401

I hereby certify that I have compared the fore- going with the original and it is a true and correct copy thereof. VH011 7 1S0 A113 VfhIiirA0 IS II WU 1. 331110. V Vd Hilirk 0311i SDNY_GM_02759017 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245939 EFTA01330402

LOOTED NOTES OF MENG DOPROADO OF IIVASPORDPKIN MOM ADISIIITMACesilla AID0MMITCAL IIG APECWWIL le011iall• PAW AITCSAT MODDIVATION APPLCATIEN .4 CERT ISSUE DATE9 STATES Al AEOSI UNITRRIO ED N NUMB IV 28701 AFCRAFT IIAWNICTDRER a MOM Raythecn Aircraft . Carmel 400A cga W 17 O in CR AE AFT SEPIAL Ne PX-260 FOR FAA USE ONLY nfl Of AtOiSTAATION OVA/ OM WO O I. Nada O 2. ParallYD O 3. OADIX10011 0. COO. ML O 5. 0021. C et...."3" 4 NAME Or A/11OSW CP•bcrbil Ohenn Co VASCO 0/ Oanitslop. II id Vela re hi at rot an• and ado AWAY 1.) Air Ghislaine, Inc. 6.25% of 100% illI CSee Attachment Cia.4ec 1 i 1- ioi) 1 TELERONE NEMER ( I ADDRESS Paaal ma iamb PO DOX a alit atm weal Mabe moon) pad tti r VIN CA: 0ns, I.I.0 ants a dna 26180 Qatiss-Wrisilt Parbiay Rol al* PO Dee MY Ri chrat Heights SEW dZIP Comm 44143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Reed the following statement before signing his application. This portion MUST be completed. A am 0 atonee nee b n wawa., r NA wiplolOcn may to Pond, So, opWar• Of Del /0/ or ereoreore WAS Ca a It a ITT) • CERTIFICATION LYE CUDDY (l) Tor Oa — want is Oy WS Ippat an coned data. Pal OKA*, toroacal of Ps Lad Oa Woe NOE at ph• na. Cl atm I cfl 040( ONE AS APPROMATE ADA/MOW Ye. wile, Sion /09$0100n ITOrre IASI a Fee Tap No • TE, A riCo<II2en COAX•••••• ammo a Own; Ana mat WO a 0 Pla nelaPOTR "....::'...71ErturliminitlikMlitaaiirarrtyr arta a 12) TES a tease • not mama vat We Win Cl Any ban way. wd Pia lea Pm INS Vs Aida frac, Atinweilneban rano of __J_ • advd a tem .O. NOTE. If emoted b commonly a mowers must sign Use reverse kW if record. TYPE OR SIGNATURE I i g lb z ll i Ii -• *me Vice President of night CIrtiors, LW DATE ii .1.1O P. Miller Timacting as Attorney-in-Fair for Air Ghislaine, Inc sethnn MI 4P - ( DATE NOTE Pad Cellead• Abel AGEDenliewe M 0 TO sad IA Me al In SON AV, be Ono. N. • woo AM 5•0964 OMs. &One WWI WA VA PIM Obly d Oil appemon wale be worm el WO a* AC Fan IOW (993) ITMOTOMSTOM SDNY_GM_02759018 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245940 EFTA01330403

• • Vi101itr010 Allp VHOHTINO £E• I Wd L NUP GOO/ :01.1.VU1S1030 .1.41c1J3E:f VV3 illIM 0311i . •••• . • • " •- " SDNY_GM_02759019 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA 00245941 EFTA01330404

WI 05 i-w IV ATTACHMENT TO AIRCRAFT REGISTRA/ION/0-6 APPLICATION Cfak eit 1 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg #: Model: SIN#: Name of Applicant: N787TA Address: Raytheon Aircraft Company 400A RK-260 Owning an undivided Interest of: Bergen Southwest Steel, Inc. 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Coronado 8 Associates, LLC 6.25% of 100% Shown on Original form hereto Kirk Air, LLC 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto John P. Hayes 6.25% of 100% Shown on Original form hereto Palisades Capital. Ltd 6.25% of 100% Shown on Original form hereto Missoe Capital, LLC 6.25% of 100% Shown on Original form hereto Elyton Properties, LLP 6.25% of 100% Shown on Original form hereto Flight Options. LLC 37 50% of 100% Shown on Original form hereto Signatures: James PMiller amen Title: Date: Vice President of Flight Options, LLC acting as Attorney-in-Fact for #2,3,4.5,6,7,8,9,10 Vice President of Flight Options, LLC LLC for #11 3- By signing above. the applicant agrees and stipulates (I) to the terms. conditions and embrocation of the AC Form 805O1 Aircraft Registration Appecation. to which this page is atLached (the 'Applicationl. (II) that all of the information set forth on the Application is true and correct as of this dale. and (III) the Application may be executed by the co-owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an original. but all such counterparts shall together constitute but one and the same application. SDNY_GM_02759020 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245942 EFTA01330405

.VPINIV1)10 ALIO. VII0101)10 [ Wd I (any Nil U01172IISIS3)113YH3W- YV4 HUM G31Ij SDNY_GM_02759021 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245943 EFTA01330406

FORM APPROVED OMB NO 2110-0042 I UNITED STATES OF AMERICA U.S. DWARMIIIIIIIMIIMMADMIBBIAL AWN ADMINISTRATION AIRCRAFT BILL OF SALE 0 0 0 3 6 3.6 1 1 ,. ,.. y i ONVEYANCE RECORDED JAN 17 Firl 8 51 FEDERAL AVIATION ADMINISTRATION In Do Not Mile FOR FAA USE This Block E ONLY FOR AND IN CONSIDERATION OF $1.00 ove THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . UNITED STATES REGISTRATION NUMBER N787TA i008 AIRCRAFT MANUFACTURER 8 MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-260 DOES THIS }TM DAY OF alittL ., 20( HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL (5), GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 6.25%0F 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HIS., OH 44143 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS 1 'CH OF 30 ., 2008. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN I ) (IF CUTED FOR E 'IP LtMUST SIGNJ TITLE (TYPED OR PRINTED) ROL ASSOCIATES, LLC 44,.....,„,„ VICE PRESIDENT JAMES P. MILLER ' OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY-IN- FACT FOR RGL ASSOCIATES, LLC ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: NOVabalt4WAVIARED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) $6.00 01/0712008 ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition SDNY GM_02759022 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245944 EFTA01330407

•• : VisiONV1NO ADO ViIONV1U0 cc bid I. NIIP 8002 au XOLLYZEISI538 IntlOutv YV4 AIM 03112 SDNY_GM_02759023 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245945 EFTA01330408

Kam 01la Pb OWED STATES OF ANOKA (*miniver OF TRAMPORIXTION nteisioasnose •INSINITIWICS•NCII IIONFIONNV MOOS ED On CERT. ISSUE CIATEla 5 OLD a AMOUR REOSTRATION AFFIX/MON %WM STAT STRATKOT f 4 PEO FRA ESSER 7871A AIROWT mANUFACTUFTER a MOO RA 11201 Aircraft envoy 400A uRCRAFr SEFIPL Na FE-260 FOR FM USE ONLY TYPE OF REGISTRATION OSA CM NA O t. Ine.tbal CI 2. Paws.O 3. Corpolabon A I. 03.0//nat I:3 5. 0.701 O Ribi.alan NAME OF APPUCANT PareceE0 Stall an raga al pow.* II indralsl. Nat ans. S A•Valk end Md., •••• I ES 1.) Air Ghislaine, Inc. 6.25E of 1001 • Qs! Attadirent Cleded la-laid(n) . TIESNONE ODER: I I AMMO allairell Fan. NOS la il l M t OMS weOpal adman mug abbe Oven) tamqvg:ent 26180 Ortiss-Wright Parbey his pket PO. Oa OW Minced Heights MI 01 DP coOE 44143 El CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION, Reed the lodcwring statement before signing this application. This pordon MUST be completed. A INee 0' aahr" ann• I0 Inc ON*1•0, Sm appaic., ff•ey be vamp In pmesiworn WI ro (US Cafe. TAO ‘6. Ede 1001) • CERTIFICATION IWE CERTIFY Thal re Ton by the sops* So IT caperaltall (I) Twat a Omni.] wden. a cow inc..000 el IN• lad SUMS (EP wag Oult re nano Ina. et OW ONE AS OPFICPRIATE • 0 *MOS.! OM ••• ISM efrOIFIFSKITI con e las, w FC., . I ESII NO 0 Q A median calWalen 09/4•0 SO aro towns Wolf Iri• Wel 0/ Mee. nelmore ^ awat:r20108Ottrgfielhtlectly,sRtttittrti %ft': VT 44141** ki (2) Thal In Tacna a nal NES,. war Eta Ins or anT NUM MOTE OM en nal YES erIaleal Cl 0.00111ft • Stated a h•S COM Ned NN the Federal AvEIOn •OrTheistab” NOTE II execolocl ix monist* ail applards nisi Nan List mina sdedneCeffary TYPE OR PANT IOW SIGNATURE Xif SKINATURE TTRE Chief. Financial Officer of Flight Options, Lit a cl olffi 6 a g i I I. Brice Boy e Tms acting as Attorney-hrrw. Fact for Air Ghislaine, Inc. A m SemTURE M I E 4 OM WO! Pena. roam. ol Ow Cenal• 0 I IWO ell C11901•11" or wall ma/ tap WINO OP . Wed FO In eon al I0 C11.0. en. whei SW MS PINK *NV rE Sn NYS 'nal OF NOW III V* aboOl. Abe Fpm E050-1 (SION 10:62<042ESOM SDNY_GM_02759024 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245946 EFTA01330409

;.. • A tivoilv°PilloVtilv)13°)(0 as 8S 2r uljled loa9:143 v3 atI Nal!! 001 1101.f y VV4 HAN 0.3112 - • - SDNY_GA4_02759025 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245947 EFTA01330410

4 cu. tN ATTACHMENT TO AIRCRAFT REGIST TIO 47 APPLICATION cocat alawo7 fri• 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg #: Model: SIN#: Name of Applicant: N787TA Address: Raytheon Aircraft Company 400A RK-260 Owning an undivided Interest of: Bergen Southwest Steel, Inc. 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Coronado & Associates, LLC 6.25% of 100% Shown on Original form hereto Kirk Air, LLC 6.25% of 100% Shown on Original form hereto GrandlSakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto John P. Hayes 6.25% of 100% Shown on Original form hereto Palisades Capital, Ltd 6.25% of 100% Shown on Original form hereto Missoe Capital, LLC 6.25% of 100% Shown on Original form hereto Elyton Properties, LLP 6.25% of 100% Shown on Original form hereto RGL Associates, LLC 6.25% of 100% Shown on Original form hereto Flight Options. LLC 31.25% of 100% Shown on Original form hereto Signatures: rote Obyle Title: Date: Chief Financial Officer of Flight Options. LLC acting as Attorney-in-Fact for #2.3.4.5.6.7.8.9.10.11 Chief Financial Officer of Flight Options, LLC LLC for #12 IADtato 7 By signing above, the applicant agrees and stipulates ft) to the terms. conditions and certification of the AC Form 8050-1 Aircraft Registration Application, to which this page is attached (the 'Application-). (II) that at of the information set forth on the Application is true and correct as of this dale, and (Ill) the Application may be executed by the co-owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an original, but at such counterparts shall together constitute but one and the same application. _ SDNY GM 02759026 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245948 EFTA01330411

VNOWV1)10 A110•V140HV1i0 83 21 (dd 92 030 lee .1.01:10 17 SDNY_GM_02759027 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245949 EFTA01330412

UNITED STATES OF AMERICA FORM APPROVED re V' 613'69 6 0 to La to _ _______ ..__._._ ...... _________________ AIRCRAFT BILL OF SALE IEYANGE RECORDED JAN 17 RN 8 51 AVIATION d.DMINISTRATION Do Not Wnto In This Block FOR FAA USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL CON AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED REGISTRATION NUMBER STATES MB FEDERAL N787TA .AIRCRAFT RAYTHEON MANUFACTURER & MODEL AIRCRAFT COMPANY 400A AIRCRAFT RK-260 SERIAL NO. DOES THIS le DAY OF DEC., 2007 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL (S), GIVE LAST NAME, FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 6.25% OF 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 DEALER CERTIFICATE NUMBER AND TO SINGULARLY RS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS l8TM OF DEC., 2007. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR DDLOwNE MUST SIGN.) TITLE (TYPED OR PRINTED) STEPHENS INVESTMENT CHIEF FINANCIAL OFFICER MANAGEMENT, LLC BRUCE OYLE OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY-IN- FACT FOR STEPHENS INVESTMENT MANAGEMENT, LW ACKNOWLEDGEMENT BY LOCAL (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED LAW FOR VALIDITY OF THE INSTRUMENT.) • ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition 073601309068 $5.00 12/26/2007 SDNY_GM_02 759028 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245950 EFTA01330413

VWOHtl1)10 A.1.10 tti01O1)10 89 Z1 Lid 92 030 1,00Z 86 tirlivutSW38 1.178081V • SDNY_GM_02759029 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024595I EFTA01330414

ea 00036317 CERTIFIED COPY TO BE RECORDED BY FAA FAA RELEASE Dated as of November 10,,hihiuff-IANCE RECORDED Raytheon Aircraft Credit Corporation hereby (1) releaseA4q9Mh9,4enpflotithefncurnbrances described and defined on Exhibit A attached hereto, all deRs itnt,Itifte and interaf in and to any and all collateral described in and subject to the Encumbrale @itsiEclipakvjgot limited to any aircraft, engines, propellers, lease agreements, spare parts (at locations)) and (ii) confirms that the Encumbrances and any iens9Ratr security t" int created IraenZ s at all thereby are hereby terminated. [The remainder of this page is intentionally left blank] A/723001471 emtilitt4 b thrr SDNY GM 02759030 01 SEE RECORDED CONVEYANCE WJMBER DocID C 3 AI PAGEJ-1.— SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245952 EFTA01330415

91401-1V1X0 Sc Ti WU h 03010. V; 51A G3114 SDNY_GM_02759031 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245953 EFTA01330416

This FAA Release was executed as of the date noted above. RAYTHEON AIRCRAFT CREDIT CORPORATION A/72300147.2 By: Name: DAVID R. Wii-l-Mitt3 Title: V, t - Co 44/JFI-- SDNY_GM_02759032 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245954 EFTA01330417

SDNY_GM_02759033 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245955 EFTA01330418

4.0 0) EXHIBIT A ENCUMBRANCES (collectively the "Encumbrances") I. Supplemental Aircraft Inventory Security Agreement dated as of June 13, 2003 between Raytheon Aircraft Credit Corporation ("RACC"), as secured party, and Flight Options, LLC ("FOLLC"), as debtor (with the Amended and Restated Aircraft Dealer Floor Plan Financing and Security Agreement, dated as of Junc 12, 2003 between RACC and FOLLC, attached thereto), recorded by the FAA on July 17, 2003, as Conveyance Number 5122733, which was supplemented by the following supplements: • Supplemental Aircraft Inventory Security Agreement dated October 27, 2003 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November I, 2003 and assigned Conveyance No. OO028098 • Supplemental Aircraft Inventory Security Agreement dated December 18, 2003 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 29, 2004 and assigned Conveyance No. R064367 • Supplemental Aircraft Inventory Security Agreement dated March 12, 2004 between RACC, as secured party, and FOLIC, as debtor, which was recorded by the FAA on April 30, 2004 and assigned Conveyance No. E003894 • Supplemental Aircraft Inventory Security Agreement dated April 8, 2004 between RACC, as secured party, and FOLIC, as debtor, which was recorded by the FAA on May 5, 2004 and assigned Conveyance No. E003915 • Supplemental Aircraft Inventory Security Agreement dated May 6, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 23, 2004 and assigned Conveyance No. T075758 • Supplemental Aircraft Inventory Security Agreement dated July I, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December I, 2005 and assigned Conveyance No. VV022039 • Supplemental Aircraft Inventory Security Agreement dated June 10, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 2, 2004 and assigned Conveyance No. TT019008 • Supplemental Aircraft Inventory Security Agreement dated July 30, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 2, 2004 and assigned Conveyance No. TT0 19346 • Supplemental Aircraft Inventory Security Agreement dated May 27, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 4, 2005 and assigned Conveyance No. TT020384 A/72300147.2 SDNY_GM_02759034• SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245956 EFTA01330419

SDNY_GM_02759035 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245957 EFTA01330420

Lry rk 117 ".1 • Supplemental Aircraft Inventory Security Agreement dated December 24, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 3, 2005 and assigned Conveyance No. HH039232 • Supplemental Aircraft Inventory Security Agreement dated September 9, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 13, 2005 and assigned Conveyance No. YY039919 2. Aircraft Inventory Security Agreement dated as of June 21, 2005 between Flight Options, LLC and Raytheon Aircraft Credit Corporation, which was recorded by the FAA on July 11, 2005 and assigned Conveyance No. X149575 3. Aircraft Inventory Security Agreement dated as of September 7, 2005 between Flight Options, LLC and Raytheon Aircraft Credit Corporation, which was recorded by the FAA on October 12, 2005 and assigned Conveyance No. SS023475 A/72300147.2 SDNY_GM_02759036 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245958 EFTA01330421

herzthy certify that I nave compared the fore- going with the original and it is a true and correct copy thereof. :1540HviY0 ' • 9C It 11'd h 3.3r; Lo, ;41i;:k 031ij SDNY_GM_02759037 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245959 EFTA01330422

COMA APOICIal Olm so nosed IM MO SUM OP MENG DEMITISSINT OP TPANSPOROMON Ma Asa manarcara gatamaneas --.- r9 SO CERT. ISSUE DATE 4 TR. 1 3 2307 mete carrot AMCRAPT FIEO.STRAITON APPUCATION - UNITED STATES II REOISTRATON WADER 11 wpm MICI!AFT MANUFACTUNER A YODEL Aircraft Campany 4001 N Antfirm SERIAL Ns RR-26O FOR FM USE ONLY TYPE Cf PEOTSTRATION CAS an So) 0 I. Irevidual 0 2. Pella* 0 t Onerason yt.. c. 0 S 030v1 0 8 licsair WAN OF OPPUCANT ipmersIN Sow an inedenee0 sane* • sees {pail Ma SS Sit PS /NM* .WI 1.) Air Ghislaine, Inc. 6.25% of W0% • Eee Attachrent dike} "R 1 q th j a TELEPHONE MISER i I AOORESS mowers nano was la in !AK SIPS PPM ei•egre Sam pINONI 3 ,Nso. %e Mote N snot 26160 Ortiss-I;ight PaHoey Rani Rena PO Da CRY Richrond Heights STATE OH 31P 000E 44143 O CHECK HERE IF YOU ARE ONLY REPORTiNG A CHANGE OF ADDRESS ATTENTION/ Awl me following statement Wore signing this application. This portion MUST be templets& A low onwonai wee io My Oman in Pa a alon ray of grows b• p.iniminn by hew and snrcnecanWN SAS Cos. TM* it Sc 10311 III CERTIFICATION (9n.• Is ANNA 01033 a On , by an tronnanni Sa uto a n wenn IrSing cowslons1 col le USW Swim IR" sap OW Ore Maw of Bunn It CHECK ONE AS APPISOPAIATE a 0 A — Set MR Sal 1•9101110n (rani 1 itS1 or hen 1.311 NO 0. IX A nonage caps pined era ens Sans in. re w. Sol --DeaSeM := "sitilfrittarSIIMM0ricalMig ia Tit afire '1' 05 ISM re to son Ingo sinpaft a rot nophsvd !oder at ow minty. Ind 03 TM 41110 ••100O of onnershp a mess a ha, been OS am N Toffs Anaton Afrnnesan NOTE: If eacA80 lot OpOrMOrahlp of accounts RUM 000 WA Senn WO 41 033€11401Y 1 _ TYPE OR PAINT NAME BELOW SIRNATuRE gg 8301 ip i 1 MS Vice President, Sec. 'TR) of Flight Options, LW i C) in `,rum Boy mu acting as Attcrney-In-FBa. for Air thislaine, Inc. seann TAIL 4 1 DM NOM Pedro@ mop of Is Grieco.* of *nest Ilorwason. N nib any be opersed a • pined ns We band TO ANA. Nang aften Sag Is Mk Noy al ras appesten as be crile3 on IN swan IC Foss B)561 (MO) MMEt04284COR SDNY_GM_02759013 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EF1'A_00245960 EFTA01330423

Cgs! is: z : —;:.0 • V. • be. MOW/ 1)i° !I '' A113 VHOHVI)10 SI Z Lid h 330 LO. as ROLL Vt115/030 1d7aouiv . . Vid Hilhi.0311c1 • SDW_GM_02759039 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245961 EFTA01330424

ATTACHMENT TO AIRCRAFT REGISTRAT(DIN APPLICATION Sul, pri 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg #: N787TA Address: Model: Raytheon Aircraft Company 400A S/NIS: RK-260 Owning an undivided Name of Applicant: Interest of: Bergen Southwest Steel, Inc. 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Coronado & Associates, LLC 6.25% of 100% Shown on Original form hereto Kirk Air, LLC 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto John P. Hayes 6.25% of 100% Shown on Original form hereto Stephens Investment Management, LLC 6.25% of 100% Shown on Original form hereto Palisades Capital, Ltd 6.25% of 100% Shown on Original form hereto Missoe Capital, LLC 6.25% of 100% Shown on Original form hereto Elyton Properties. LLP 6.25% of 100% Shown on Original form hereto RGL Associates, LLC 6.25% of 100% Shown on Original form hereto Flight Options, LLC 25.00% of 100% Shown on Original form hereto Signatures: ere) le Title: Date: Vice President, Sec & CFO of Flight Options, LLC acting as Attorney-in-Fact for #2,3,4,5,6,7,8,9,10,11,12 Vice President, Sec & CFO of Flight Options, LLC LLC for #13 c/ 10)14 107 e Ip (AI ca By signing above. the applicant agrees and stipulates (I) to the terms, conditions and certification of the AC Form 8050-1 Aircraft Registration Application. to which this page is attached (the 'Application*). (II) that as of the information set forth on the Application is true and currect as of this date, and (III) the Application may be executed by the co.owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an onginal. but all such counterpane shall together constitute but one and the same application. • SDNY_GM_02759040 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245962 EFTA01330425

n. 4110 vioblo Sr a 6d h au°, bl0;1 Vte • • • V vd 03.0mv SDNY_GM_02759001 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245963 EFTA01330426

FORM APPROVED OMB NO. 2120-0042 RHO UNITED STATES OF AMERICA u DEPARTMENT IF IRMISMITIMNI RUM MIMS ADMINISTRATION AIRCRAFT BILL OF SALE FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEG VE YA NC E§1,7 AND BENEFICIAL TITLE OF THE AIRCRAFT D - CRIBED AS FOLLOWS: UNITED STATES REGISTRATION NUMBER N787TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-260 nEC 13 FEDERAL ADMINI, DOES THIS- 44 DAY OF tee.., 2007 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: 3 2 3 7 5 E RECORDED Ng 2 13 AVIATION TRATION Do Not Write In This Block FOR FAA USE ONLY lA 0) NAME AND ADDRESS (IF INDIVIDUAL (S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 6.25% OF 100% 073381423208 $5.00 12/04/2007 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS ,C1m :OF bee.. 2007. re UI NAME (S) OF SELLER (TYPED OR PRINTED) RENEGADE SWISH, LLC TITLE (TYPED OR PRINTED) VICE PRESIDENT, SECRETARY & CFO OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY- IN-FACT FOR RENEGADE SWISH, LLC ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629.0003) Supersedes Previous Edition SDNY_GM_02 759002 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245964 EFTA01330427

A IP4"Vblo vPr.,uvbto sr Z Lid h 030 zo, as ho:/ v .t .,/•.)- • VbjHlIM 0371d SDNY_GM_02759043 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245965 EFTA01330428

MRS APPROVED COO NO 140.034C O.IWO STATES a WONG (SPARROW Of TRAIOPORDSION RICIIIII.100.00 421 fa . CERT. ISSUE DATE Ul 00 E SEP 182147 AITIMIIMAISSIOCIIIIOSONIT Anii01114•111CJA COBIlit ,..: Atter FIEGGTRAltet APPLICANZOI ammo awn gi 787M REGOTTUTION NURSER SS APCPAR IONNINICILIPER 6 WOO. Raytheon Aircraft Carpany 4001 Allf-T2Ort ' FOR FM USE OeLY TIIE OF RIOSTRATON TM ono to) 0 1. Irrivkbaid 0 2. Pailrerslip 0 I Cagenben SA 03-0wilet 0 & GoO. 0 . II. num RANI OR dements rweeiRJR. I) petleitemet b.all", OT 1 Rai ard mei* nICARIreesitsMon sere r III(See Attachrent cta+e j g Igo I 6-7) IIIEPITGOOE ROMER I ) ADDRESS (Parmny masc. etds••• lits 0059. used. Saks moss nese sew owe) C/O: mix) Curtiss - Might Farioey Mote ard snot TVA Wade PEt See `TT Richrond Heights San OH 14141 CI CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION, Reed the following statement before signing this application. This portion MUST be compMsd. A Ilitni a &Venal If . SWI I 0 I I . 940101 la ins sopficassin may to Nouns a piss/men a iris MS feat. Teo IS SW. MSS • CERTIFICATION Mt CUITIFY 0) Tn•I V* Sae NOIR • owned IN V* untlyrogno0 maws. *e 5 • <Sam wesarRE cowman) of NW Wad Suss cf.- wog hot to nom C. svylow I. Or CREGX ONE AS APPROPRIATE • 0 A owns an. oft wen teneirsion (Rim 1151 a Sam I.5111 NO 0 22 Amax:Now antwoloa wonted an, Oorq Daiwa NYS/ Do tin• Cil AIM Delaware rt.:".%ltartrinissgraetnal VINVIr fItt:',111)741r ks, m .... .... nail as KT spend yaw we Min Olen/ bier iiinsnnii iii• (Y)11•1•9••••••••• • osentrihni is 'SWIM • SY teen lisd Mn if.. Ftils•I *ear AdrrineValicri NOTE If op:WS lO. GOONGTYGNa PI Wats mist ago Use fawn. Sole a NeGelaary TYPE OR PRINT NAME BELOW SIGNATURE `G11., gii i itvl A UR This Vika Press Se.. SAO of Flight Options, LI.0 i.t3 0 /07 TITLE acting as Attorney - In - Ile for Air Chislaine, Inc. SIGNATURE ORE *I DNE NOM TINANG woof Or Do Centissin or Anna ilstSinigas Ins saran MI be cosi Iv s prod not nom at ni <Ma - 6110 woo to Ppm copy 6 Ma apsinaiscn mat es COW • tin YOWL AC FON We l (5103) KE6243.62ISKSI/ SONY_GM_02759044 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245966 EFTA01330429

• • vTO1CW4 04 1)10 ti 1)I 0 zs u1:1 is T13 0 ' A 14.1.1M G31t3 SDNY_GM_02759045 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA 00245967 EFTA01330430

ATTACHMENT TO AIRCRAFT daft REGISTRATION/ APPLICATION akat, fol 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg #: N787TA Address: Model: Raytheon Aircraft Company 400A SINit: RK-260 Owning an undivided Name of Applicant: Interest of: Bergen Southwest Steel, Inc. 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Coronado & Associates, LLC 6.25% of 100% Shown on Original form hereto Kirk Air, LLC 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto John P. Hayes 6.25% of 100% Shown on Original form hereto Stephens Investment Management, LLC 6.25% of 100% Shown on Original form hereto Renegade Swish, LLC 6.25% of 100% Shown on Original form hereto Palisades Capital, Ltd 6.25% of 100% Shown on Original form hereto Missoe Capital, LLC 6.25% of 100% Shown on Original form hereto Elyton Properties, LLP 6.25% of 100% Shown on Original form hereto RGL Associates, LLC 6.25% of 100% Shown on Original form hereto Flight Options, LLC 18.75% of 100% Shown on Original form hereto Signatures: Title: Date: Vice President. Sec & CFO of Flight Options. LLC acting as Attorney-in•Fact for #2,3,4,5,6,7,8,9,10,11,12,13 Vice President, Sec & CFO of Flight Options, LLC LLC for #14 alio/07 001 07 La Ul LO By siccing above. the applicant agrees and stipulates (1) to the terms. conditions and codification of the AC Form 8050.1 Aircraft Registration Application. to which this page is attached (the 'Application'). (II) that all ol the information set forth on the Application is true and curved as of this dale. and (III) the Application may be executed by the co-owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an appal. but all such counterparts shall together constitute but one and the same application. SDNY_GM_02759046 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245968 EFTA01330431

vu~ • • LO. ZS g „. • •••,-;- (33-1- SDNY_GM_02759047 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245969 EFTA01330432

FORM APPROVED OMB NO. 2120-0042 UNITED STATES OF AMERICA U. S. 0IPAEIMDR U BAIIIMITABIN MEW AVIAMI1 MINIMUM AIRCRAFT BILL OF SALE FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED STATES REGISTRATION NUMBER N787TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-260 2007 E 0 1 1 2 0 4 'FfANIM-FINOR05D SEP 18 FIrl 10 22 PEDERAL ATIATI:aN DOES THIS 301." DAY OF AUG., 2007 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: 411111NISTR:01.031- DO Not Write In This BIM* FOR FM USE ONLY NAME AND ADDRESS (IF INDIVIDUAL (S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 26180 CURTISS-WRIGHT PARKWAY RICHMOND FITS., OH 44143 6.25% OF 100% 072430852215 $5.00 08/31/2007 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS aom OF AUG., 2007. ce (i) NAME (S) OF SELLER (TYPED OR PRINTED) BELFORD MANAGEMENT SERVICES, LLC I I SIGNATURE (S) (IN INK) (IF EXECUTED FOR COOWNE P ALL MUST SIGN.) IN-FACT FOR BELFORD TITLE (TYPED OR PRINTED) VICE PRESIDENT, SECRETARY ACTING AS ATTORNEY- ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition SDNY_GIvl_02759048 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245970 EFTA01330433

A.tl0 v 140 %41110 iiv zs g U1/ It 518 L°. 1111R.'- Q3 11 SDNY_GM_02759049 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245971 EFTA01330434

es ra ra E 0 11 2 0 3 cY, LOAN (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE eetivErANe.tpineRge. Pc37 ip pm Raytheon Aircraft Company Mae' 4100A" ' 10 2? Manufacturer's SerftfttcpsRK4 RegistraticatION N7 .8 rail Engine Make and Model Pratt & t&iltrie eginada JT150-5 Engine Serial Nos PCE-JA0287 & PCE-JA0291 Propeller Make and Model N/A Propeller Serial Nos N/A The undersigned, assignee of the interest of Raytheon Aircraft Credit Corporation, Secured Party under the Security Agreement dated Tilly 16 1999 , with Belford Management Services. TIC as Debtor, recorded by the Federal Aviation Administration on Au_gust 18 1999 as Conveyance No. F71635* which Security Agreement was assigned to the undersigned pursuant to the FAA Assignment dated as of September 22 2003 recorded by the FAA on November 8, 0001 as Conveyance No. yvoaoaSsis- hereby releases all of its interest in the collateral covered by said Security Agreement. Dated this 3 b day of Aityli,S1— 2007 **and by Amendment dated 4/21/05, recorded 4/29/05 as Conveyance No. '6' SEE RECORDED CONVEYANCE NUMBER y nit nntat. Doc 'Dr 2-2, PAGE 9 BANK OF AMERICA, NATIONAL ASSOCIATION AS ADMINISTRATIVE AGENT By: Kathleen M. Carry, Vt resident BA0163 The undersigned assignors hereby release all of their interest, if any, in the collateral covered by the Security Agreement described above. Dated this 3 0 day of Cht id, 2007 . Raytheon Aircraft Receivables Co By: Name: 'fa M. Weitzel General Aviation lion Receivables Corporation By: 4 ANvr Name: ler M. kntzel 4,,ci Title* /14.4sec. This Release shall consist of this one page only, with no schedules, appendices or similar attachments attached hereto. *and FAA Assignments, dated 7/19/99, recorded 8/18/99 as Cony. No. F73635 assigned by RACC to Raytheon Aircraft Receivables Corporation ("RAW') and from RARC to BaNK OF America, Natimsmacigsv as Administrative Agent Raytheon Aircraft Credit Corporation By: Nam er Title: SDNY_GM_027 59050 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245972 EFTA01330435

• '1'. 1:;:xrickvilo ZS 2 W8 IC ODU LO, 3 iiiliAC13113 SDNY_GM_02759051 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245973 EFTA01330436

00141APPICIOI eta No mom ON ETATS OF Meaty 0E1010111NIT Of TRAMPORTAT104 PROW a AnsinTarewan CR U3 CERT. (ISSUE DATE XX MAY 21200 lanriain anienatuncos apes ' APir.AFT HEOBSTROMON APPUCATION ti ssosin Zor atigis i ea N 7S7TA AIRCRAFT 144114411.14111 IL MODEL Rav-thecr Aircraft Ccnpany 4004 IMICIVOT SUM MO W-260 FOR FM USE ONLY TYPE OF PEOPTV010.1 fl ea ire Sal O t teas O a. ran* O 3. corpnon i 4. Ceara O 5. Govt O e MOE Of SPUCNIT franioN4 gnaw an 44144:s el avant* I Inadtbd. Oa Inal nom Ire aim ard 4.4•• Mill 1.) Air Ghislaine, Inc. 6.25% of 100% " -see Attadrent CL0Atc.c.i 5-3 -0-0 TELEPHONE MAUNA 1 / q Orraloil Mannar deo to alwan.) AO04SE (Paffral bay anon lore 1'L c/o: Mater ai 26180 Curtiss-Wight Parkway d obit Pura Ran: PO. Ear OW Hideaki Heights WAN I 01 COOE ; 143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION I Reed the following statement before signing this appilest/oit This pestle's MUST be eoinpolsti. A lobo or ass raw lo any 44444 in au appicann any to woods b w poistoont to Ina Wan or %apeman NS Ca Ties It Sic 10011 • CERTIFICATION III ThOt tO 0,00 Nam 4 Pamf trythicalferael applan. ate s • often lecteg capnion4 0 NI OSP Stan Pa mesa vat sv• wanes HAAN 1.a CHECK ONE AS APPROPRIATE It 1:I A noklard Om .11, son "session (Conn 1-151 or Faun 14611 NA 4 KJ A 4404114on 4014.400n cogorand ad (bib OurMsn ender IN Pan Cl 'Si' nalbafe ord mad wad* ban arilder ar iA=Ma ats_padvona umsci sm., nson.x11.1 haps so fits , OH 44143 co The no mean 4 rot ropporos wow to am el WE bar may: ea pi lir 40 worn a ~web fa manes ex Hu Nan Hal 1141% IN PSIO APS. Adwavalinion NOTE: li case 1w coca* ••••pieent• now sign. Use rag as s moat TYPE OR PRINT BELOW SKINATURE IP 4r p rruvice Secretary Flight Options, LW & CEO— .3 -4) President, 5- . t 3p . Wuce e unracting as Aturney-m- Fact for Air Chislaine, Inc. OAIE i & TITLE iki Will NOTE 142‘ 100 a NE cars. atlas" ROSSO% to es s SO 44441 Ire MOM wet wanes • pesos re• a ct don Oaf With are No Nat cop, at ow issailka nail Oa one in to warn AC Flon 00934 (3.03) SOS24040007) SDNY_GM_02759052 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245974 EFTA01330437

A. • • VUOHn>10 A113 VWOHVlH0 02 1 bid ,.. fitj t„ 4 al 0 88 NOUV8ISI038 13Vb""IV PV HAIM arlid SDNY_GM_02759053 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245975 EFTA01330438

ATTACHMENT TO AIRCRAFTSEGISTRATION APPLICATION AA:Icel 5_3 _0-7 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15) 16.) Reg fi: N787TA Address: Model: Raytheon Aircraft Company 400A SNP: RK-260 Owning an undivided Name of Applicant: Interest of: Bergen Southwest Steel, Inc. 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Coronado 8 Associates, LLC 6.25% of 100% Shown on Original form hereto Kirk Air, LLC 6.25% of 100% Shown on Original form hereto Grand/Sakwa Transportation, LLC 6.25% of 100% Shown on Original form hereto Belford Management Services, LLC 6.25% of 100% Shown on Original form hereto John P. Hayes 6.25% of 100% Shown on Original form hereto Stephens Investment Management, LLC 6.25% of 100% Shown on Original form hereto Renegade Swish, LLC 6.25% of 100% Shown on Original form hereto Palisades Capital, Ltd 6.25% of 100% Shown on Original form hereto Missoe Capital, LLC 6.25% of 100% Shown on Original form hereto Elyton Properties, LLP 6.25% of 100% Shown on Original form hereto RGL Associates, LLC 6.25% of 100% Shown on Original form hereto Flight Options. LW 12.50% of 100% Shown on Original form hereto Signatures: Title: Date: Vice President, Sec & CFO of Flight Options, LLC acting as Attorney-in-Fact for #2,3,4,5,6,7,8,9,10,11,12,13 Vice President, Sec & CFO of Flight Options, LW LLC for #15 5 -3 -01 5-3 -01 • By signing above, the applicant agrees and stipulates (1) to the terms. condiboni end certification of the AC Form 80504 Aircraft Registiation Application, to which this page is attached (the 'Appication'). (II) that all of the information set forth on Ihe Application is true and correct as of this date. and (III) the Appocation may be executed by the co-owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an original, but al such counterparts shall together constitute but one and the same application. SDNY_GM_02759054 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245976 EFTA01330439

A1;) C j 4111,i joe 88 Nounusioaa 14 ei HUAI 0311- SDNY_GM_02759055 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245977 EFTA01330440

0. S 4: FORM APPRO1?1() OMB NO 2120-0042 • . UNITED STATES OF AMERICA It leMBIBIIII IltUIMITAIIIN KIM mum ADMINISIBMION AIRCRAFT BILL OF SALE tal. X X 0 3 3 0 9 7 F.Fe0PDED 1111? 21 P19 3 09 AVIATION ADMINISTRATION Noi In This O FOR Wine FAA USE Block ONLY FOR AND IN CONSIDERATION OF $1.00 OW THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . UNITED STATES REGISTRATION DONYEYANDE NUMBER N 787TH AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A 2007 AIRCRAFT SERIAL NO. FEDERAL RK-260 DOES THIS 3 DAY OF AMA ., 2007 HEREBY SELL, GRANT, T NSFER AND DELIVER ALL RIGHTS, TITLE. AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: 213SVHOtirld NAME AND ADDRESS (IF INDIVIDUAL (S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL. ) RGL ASSOCIATES, LLC 6.25% OF 100% 26180 CURT1SS-WRIGHT PARKWAY 071231537496 RICHMOND HEIGHTS, OH 44143 ;5.00 05/0312007 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS 3 DAY OF MI5., 2007. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) ' SIGNATURE (S) (IN INK) EXEOJT D FOR IP SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LW VICE PRESIDENT, BRU E BOYLE SECRETARY & CFO ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT. ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition ' 1 SDNY_GM_02 759056 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245978 EFTA01330441

118 sou ruisio3a nig oa7u 4 """ t1rVWOHvuO ViI0Hvimo o~£ P o t al SDNYGA402759057 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245979 EFTA01330442

a. a.i `WOW athn OF AMERICA OFPAROAENT OF MANSPORTADON MOM Wee M 0 CERT. ISSUE olictc lob P 0CT 102Q06 teessesnageo weesay _c_ awn. ASCRAFT REMTRAIXOIMPUCATION RES=1"grE lakElt N 7871A MOOR MANUFPCTUROI • WOG. Raytheon Aircraft CaitenY 4004 AMMAR WEAL it . RI- 260 FOR FAA USE ONLY Tel OF moormaai ICtet One tce) O i. IM MOOFF °INAS*. CIO- CCM:4110F k 4. COawor O & GeN O 0-8".Clikel HAW OF APKIWAY "wet Wan se error a wee* • lerte. es r kko. Win en 1 WOO 1.) Air Chislaine, lit. 6.25E of 1001 at See Attathrent ja r-I-c. d A/ ( i . tap) MON011 ,AS ( ) Amman panninel wee Sten bit rea rifitir Offeel WOW a etes auk se betset it,w,, we We C/ 2620 Ctrtissihight Parbey Reed ROOS PAL SW CRY Richrond Heights OW OH W OXE 44143 III CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Read the following statement before signing this application. This portion MUST be completed. A Me " "WO" "VA" " WY bete/ r eis ateet2st.n ,, te trou-R°bPSeemeal"*""1" AVonfornonl (USG:On TI. Is. Set MI) 0 CERTIFICATION! 0) Thu Fe oboe YON I ere by re werteeS men SOSO...0 Oda! fOffellOn0 of Or LAINO Sleet trot ONO OWL WO nn 01 kaki I. Cc CHECK ONE AS APPROPANTS a O A SON MS. me Ores Baal Ikon 1.151 a lei" 1.5611 Ns &roseate ewes awed WO keg been tow re ion ol isist0E1 &rare . — = m as t s ifitea telltills miesitillt uPtAlrititniat Ifth1/4:111Pnallt ke al not Or sea I et oterie wer St So el se Wel reerS s.• 0) net legal Owls cI ~kV* In Son a hos ten Old MO Fe NOVO es beware. NOTE: II maned lor coots*** le Epplenis met sot Use men. see .I twenty TYPE OR v NAME SIGNATURE I a 1 nnIE Assistant Secretary of t Optiors, Lle -Dee , / " ore upN Jaws R. Dautenten mu actiny OS Wu -My he fact far Air Chislaine, Inc. osz• MaratuRE TIM ME ion Prat met a Pe Welase al Mee ROSIOVISOen 5* See ores le ogee. Is • pee melba 0 SO due tee Math GM IV Na tow 0 I Pe labliffli use Oh OOONI MOO AliSkIL AC sae .0501 ISM) IKISUCKSOZD SDPPCGM_02759058 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EF1'A_00245980 EFTA01330443

• • VINOtiV1NO All 0 VHOHV1)10 . £Z• T bid 61 d3S $QO? 89 8011,81S1338 Lig83sil VV! HUM 0319 SDNY_GM_02759059 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245951 EFTA01330444

0 ATTACHMENT TO AIRCRAFT FEGIS TI7N APPLICATION orak W a ci pv0(0 Reg #: N787TA Model: Raytheon Aircraft Company 400A SIN#: RK-260 Name of Applicant: Bergen Southwest Steel, Inc. GrandlSakwa Transportation, LLC Coronado 8 Associates, LLC Kirk Air, LLC Grand/Sakwa Transportation, LLC Belford Management Services, LLC John P. Hayes Owning an undivided Interest of: Stephens Investment Management, LLC Renegade Swish, LLC Palisades Capital, Ltd Missoe Capital, LLC Elyton Properties, LLP Flight Options, LLC Signatures: 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 18.75% of 100% Title: Assistant Secretary of Flight Options, LLC acting as Attorney-in-Fact for ,4,5,6,7.8.9,10,11,12,13 Address: Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Assistant Secretary of Flight Options, for #14 Date: q'/1q/0&v By signing above, the applicant agrees and stipulates (I) to the terms. conditions and certification of the AC Form 8050.1 Aircraft Registration Application, to which this page is attached (the "Appleation-). (II) that all of the information set forth on the Application is true and curled as of this date. and (III) the Application may be executed by the co-owner by executing separate counterpart signature pages, each of which when so executed and delivered shall be an original. but all such counterparts shaft together constitute but one and the same application. SDNY_GM_02759060 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245982 EFTA01330445

VII0HrINCI ADO 1;9101.3'1NC C2 I Lid 61 dig 9002 88 Ncuv81si33a .1.1i):%./a/V YV3 HUM 03113 SDNY_GM_02759061 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245983 EFTA01330446

e FORM APPROVED RS OMB NO. 2120.0042 IN) U. S. DEPARTMENT UNITED STATES OF AMERICA OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE -4 QP as P 0 0 6 8 8 0 IYANDE KS; 3IE8 10 PM 4 S4 AVIATION o Not D FOR Write In This Block FM USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . UNITED STATES REGISTRATION NUMBER N787TA COM AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A ?Ai IICT AIRCRAFT SERIAL NO. RK-260 Fc088AL DOES THIS le DAY OF SEPT., 2006 POMINISTRATISII HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: = W In < r O re 0. NAME AND ADDRESS (IF INDMDUAL (5), GIVE LAST NAME, FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 6.25% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 062621321423 15.00 OF 100% 09119/2006 .., - DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS. AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS l8" OF SEPT., 2006. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGN RE (S) . (IN INK) XE ED F HIP, L MUST '-GN.) TITLE (TYPED OR PRINTED) J. STARK THOMPSON ASSISTANT SECRETARY JAMES R. DAUTERMAN OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY- \ IN-FACT FOR .I. STARK THOMPSON ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00429-0003) Supersedes Previous Edition SDNY_GM_0275.9062 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EF1'A_00245984 EFTA01330447

VP401-1V1N0 A113 VH014V1NO se r lid 61 d399002 88 NOIMISI03t1 1021081Y YU HIlist 031u SDNY_GM_02759063 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245985 EFTA01330448

FORA C.fr • who MIMES OF NERCO, COARTIO(r a TRANWCfM31001 Pl0011OL SAM A0100•110110111001110.101•T A•1101•1010.1. I-s in CERT. ISSUE DATE 2 C9NOL- 4 9 00001 AIRCRAFT REGOIRATICH iYPUCATOl LNITIII) YEA II TED ISTRATIO n 787TA MICRAFT mANUFACTURIER li MOOR. Rsvrhson Aircraft Com' 4001 AIRCRAFT URAL M. • RK- 263 FOR FAA USE Ottly TOE oF ssenrod (0iick on* SW) .0 t ESIvICIUSI 02 FIRMS* O 3. C011iestal (Ii 4. Co-Own. Os. 00v3 0 13 NAME OF APPvCma riiiincrin) tan at oar* of cowl*, It Mn.OaW. rso I MAY AM MOW rid 01001 MIL) 0 1.) Mr (M.S.1.airt, Inc. 6.2)7 of WOE 6 _ee Attactrent otttbel ClAi rkX0) 113.EPNCRE MASER i ) ACCRUE ~nd Mite wpm* for MI •••••••• Iiiisd)(P.O OM II IOM. Oficia *OFT* 00 00 0. 8040 ) c/o; Flight Options, LW Wits irtil 0~ 9MPII nTri 0:Airier Pfirlday_ _ 11011 Pea OA Ea CITY RiChntild Heights on cii np COOF 44143 0 CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION, Read the following statement before signing this appliCallon. This portion MUST be completed. A Want MOM* 0141.0•110 an, (.....-.>co n TDB spcocromn nun. Do coins 1,e p.m...reser py nos ird p ergreKnmerf egi Ca TIN It Om. KITI • CERTIFICATION WA CERTIPT: (I) Th• IS dioN• •10011 el Yr WWI SINS Is Caw by Pa wasnowl appiaint etc • • nu* ivaidry cosonieonsi OR• ISO MS 0.• Mow Col WSW i 01 CHECK OM AS APITORIATI • I. 0 A Nebo Om VI AIM 'winks Wows I.Isi a Fon. 146i) No don, Pelabiare Is. ',Avows OligcnIca Orited Old bawls rids Pa rot of WOO fed SP OFFS • bided end mini* unclothe tima• Ms 0103,01 Rpm rotes •• •••••• foe " " Clini 26100 44143 Citinisriiii.ijit R., lb.../....Fi Hts, GI a as fa aiming is rof @wand vat Se Wit Si ellimigntwory. .,o (*Thai idol slave of owninit• iii walla Of NS Wen DS MA 110 Ron hea•o0 AM- ,J..'. NOTE If earcuted for coownershts all WOMSFRI mull Sign UM IM MO side II FOOSOFF TYPE INT RAM s ll b nniAsInstant Secretary of - Optiors, ILC oust i INICA 0 Jams R. Dautennr Tmettl.1115 tLY Ascusney- In -Fact -for Air Chis/aine, DATE Inc. li WHARF* TILE l 'fr / KATE . . , ROTE lionseq no Goyim 4 *ma flesece, ea was a so Racism * • pries tiol it *once 10 ads. a.-.g sh.cl, ter* ea 0141C copy of Pis *pia mull Ur cm*, in He Meat PC Poll, 83331 (903) (0352416204037) SDNY_GM_02759064 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245986 EFTA01330449

• tlY10Htl1f10 ASIO vii0W11)10 Lc 21 WI 8 83S9692 Nowniisi53a taniOtivi litu41:13113 SDNY_GM_02759065 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA _00245987 EFTA01330450

ATTACHMENT TO AIRCRAFT REGISTRATION APPLICATION dtsa cifirocp Reg #: N787TA Model: Raytheon Aircraft Company 400A SIN#: RK-260 Name of Applicant: Bergen Southwest Steel, Inc. GrandlSakwa Transportation, LLC Coronado & Associates, LLC Kirk Air, LLC GrandlSakwa Transportation, LLC Belford Management Services, LLC J. Stark Thompson John P. Hayes Owning an undivided Interest of: Stephens Investment Management, LLC Renegade Swish, LLC Palisades Capital, Ltd Missoe Capital, LLC Elyton Properties, LLP Flight Options. LLC Signatures: 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 12.50% of 100% Address: Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Title: Assistant Secretary of Flight Options. LLC acting as Attorney-in-Fact for 2,3,4,5,6,7,8,9,10,11,12,13,14 Assistant Secretary of Flight Options, r _C --- rl.0 for #15 James R auterman Date: 0 0 to CO By signing above. the applicant agrees and stipulates (I) to the terms. condibons and certification of the AC Form 8050-1 Aircraft Registration Application. to which this page is attached flee 'Application'). (II) that all of the information sei forth on the Application is two and currect as of this date. and (III) the Application may be executed by the co-owners by executing separate counterpart signature pages. each of which when so executed and delivered shall be an original. but all such counterparts shall together constitute but one and the same application. SDNY_GM_02759066 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245988 EFTA01330451

VINOHEINO All0 VHOHY1NO LC Z1 Lid 8 d3S 9002 1:18 h0:11111SIO YVA HUM 03113 SDNY_GM_02759067 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245989 EFTA01330452

FORM APPROVED 0-0042 Ln UNITED STATES OF AMERICA ' livUL• U. S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE i v tiin 4. ,:cii :13 E 3 'I9 4 54 b 1 ut. 111 • Not Do FOR Wolo In Tens Block FAA USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc4101E/7_ Mt; ftE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: 211 .06T 10 UNITED STATES F56tRAL MIATI0N REGISTRATION PitAIWIST NUMBER N787TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-260 DOES THIS 31" DAY OF AUG., 2008 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL (5). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 6.25% OF 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS 31ST OF AUG., 2006. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) ( -.4 .=) SIGNATURE (S) (I HIP CUTER F • R N.) TITLE (TYPED OR PRINTED) LONCLEY SUPPLY ISTANT SECRETARY COMPANY AMES R. DAUTERMAN OF FLIGHT ornons, LLC ACTING AS ATTORNEY- IN-FACT FOR LONGLEY SUPPLY COMPANY ACKNOWLEDGEMENT INOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWiginttlefffrIRED . ... BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) $5130 moan= .. ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition SDNY_GM_02 759068 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245990 EFTA01330453

MOHI/1)10 All0 VWOHVJN0 LC ZI Lid 8 48 9002 88 N011V81S1038 131/8081Y VY4 HUM 03111 SDNY_GM_02759069 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245991 EFTA01330454

CC AUG 24 2006 MEMORANDUM TO THE FILE The copy of the release recorded as conveyance number CCO21257 on May 18, 2006 was imaged without the back page showing the certification as a true copy. Attached is a copy of the back page of micro number 1351, filed 4/20/2006, recorded 5/18/2006 as conveyance number CCO21257, which shows the certification as a true copy of the original release. SDNY_GM_02759070 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245992 EFTA01330455

SDNY GM 02759071 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245993 EFTA01330456

• All3 VUOHY1NO (I II WY 02801 K .;thd.!.31038 111'Vy YV4 I hereby cedify Oaf I compared the fore- with the original it is a true and correct thereof. -T/gesti-e-c-1 • l• SDNY_GM_02759072 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002 45994 EFTA01330457

SDNYGM 02759073 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245995 EFTA01330458

TOM APPROVED, OW IP 1110GON) INTRIO MU a rumen or TRAMEPORTAITCR a wars STILIFIOI•4•131wwaramaawnsaa P . 22) awn nain 7 SPPUCJMN Ti CERT. DATE . I liNITTO STATES M" _ wyeenwou. MASER III 78711k Arts ytheal na"."=:. =my 4COA AIRCRAFT SENN. NT NI MIS 232" RIC-28) FOR FAA 116E ONLY TYPE OF RFOISIPATION (0.00 PP OP) 0 I. SCPOluil ID 2. Penn 0 3- oppyysyp (3 4. CONIATNT 0 S. 000. 0 E. t I PIAVE OF /ROOM OWTONN team an vein CI antaINPAI MINN* 0.0 INI Me.. fre nOws. •• is 'SW 0 1.) Air Mishit*, Inc. 6.2% of 10CfC (See Attsdnett daleet 7/ ,RO (OW) TELEPHOIN NSW I ) Acorns (rynyapyry yaw wavy : raritatataKe ir Oyes seam MO Wwwwwl 26183 Curttss ght Parloey Ws ad sot nolal APS O. fat an' Richt:al Heights non GI VP COOS 44143 El CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Awl the blowing Staternent WI WO Signing NS SPPIISTRANT This WOW MUST br 00mpirsd. A NM a .Rawl arNet m any Fawn m Ns apalcano, may to gm...4s tor peywynaet Oa I an, mymicrmeM On CYO. TO• It Sec KO) • CERTIFICATION INN COMFY III ITN IN eon &Mit • 0..10 a as wwwwa wawa. ea • • caw fl aw wwwww oi So Oval Slow (far wars Maw /IN awn a/ Nat OW OTC AS APPROPRIPITE. • 0 A "NOW am •01 San Rohataton (Rom 1.131 is Rat 1460 IN La 9 A AtssIlIns ostall01 copra. and Oars hand* MY /V MOS a CO•N_ . . 1d UMW it _ Int .. ra. Yikl U •M katelaiorta=1 0.0at IlLS • MYNA Pe No* a Fa In/•••10 LIMN we honorary Icawn Wow AN iS) Wet WO wawa a can, pr wow a rar bow Ras wow PONS Malan Aawaszelto MOTE: il wawa lee co-awnershp al wows lm.S SAFI U.. WOW TAN It TwaTTNT TYPE M ELOW SIGNATURE 1 TrnsassistErt Secretary a }lift Optics() L/C opy 744.10it b R. Dauteman ORE as Attorney- LL-Fact for Fli;;;C,-...t.t.s • i • Tnr out 2 SIGNATURE di i OM TOTE PENNI FIRKII 0 ti 201/NN• a NOIR TWONSIOI. wo WS way to comma kr • pox.' not n wan* ca 00 awa. Awry nN Ian* M PON can 0 Ow gplaTIN mil anew al to wren AC Pam 10504 MEG) (0:620042$4 0Th __ -- - - - -- - — SDNY_Ght02759074 :T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00245996 EFTA01330459

• V1010H111)10 A110 NiV1014V1)10 oz. Z Wd hZ l~P 9002 vitou.vtastoati 1AV th0201 VV3 (B1U SONY_GM_02759075 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA 00245997 EFTA01330460

-ATTACHMENT TO AIRCRAFT IIEGISTRi,TIONI APPLICATION &tied 7/aLpfino Reg #: N787TA Model: Raytheon Aircraft Company 400A S/Ne: RK-260 14 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Name of Applicant: Bergen Southwest Steel, Inc. Grand!Sakwa Transportation, LLC Coronado & Associates, LLC Kirk Air, LLC GrandlSakwa Transportation, LLC Belford Management Services, LLC J. Stark Thompson Owning an undivided Interest of: John P. Hayes Stephens Investment Management, LLC Renegade Swish, LLC Longley Supply Company Palisades Capital, Ltd Missoe Capital, LLC Elyton Properties, LLP Flight Options. LLC Signatures: James R. Dautcrman ames Daulerma 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 6 25% of 100% Title: Assistant Secretary of Flight Options, LLC acting as Attorney-in-Fact for ,3,4,5,6,7,8,9,10,11,12,13,14,15 Address: Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Shown on Original form hereto Assistant Secretary of Flight Options, C for #16 Date: --dactiOlo 76-4 tot, By signing above, the applicant agrees and stipulates (I) to the terms. conditions and certification of the AC Form 8050.1 Aircraft Registration Application, to which this page is attached (the 'Application,. (II) that all of the information set forth on the Application is two and currect as of this dale. and (III) the Application may be executed by the co-owners by executing separate ceunterpart signature pages. each of which when so executed and delivered shall be an original. but all such counterparts shall together constitute but one and the same application. SDNY_GM_02759076 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00245998 EFTA01330461

VPIOHV-DIO VP/OHrbi0 02 2 Wd h7 lfir 900? 46 KOI1 V8i$1034 lz ;KAP/ liVi FIIIM 031ij SDNY_GM_02759077 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00245999 EFTA01330462

FORM APPROVED OMB NO. 2120,0342 e ra. UNITED STATES OF AMERICA U. S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE er "4 V 0 0 9 6 6 8 0 RECORDED 23 Rn 9 58 AVIATION Do Not AA In This Block FOR FAA USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL COMEYANCE AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . UNITED STATES NOG RUG REGISTRATION NUMBER N787TA FEDERAL AIRCRAFT MANUFACTURER & MODEL ')MINISTRATION RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-260 DOES THIS 213T DAY OF JUNE, 2006 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL (S). GIVE LAST NAME. FIRST NAIVE. AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC 6.25% OF 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS 21" OF JUNE, 2006. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SI TURE (S) (IN ) (IF XECUTE • OR CO-• ERS P. ALL SIGN.) TITLE (TYPED OR PRINTED) ACVI AVIATION, LW ISTANT SECRETARY JAMES R. DAUTERMAN OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY- IN-FACT FOR ACVI AVIATION, LLC PURPOSES OF FM RECORDINGWagentVPUIRED ACKNOWLEDGEMENT (NOT REQUIRED FOR BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition SDNTGM02759078 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246000 EFTA01330463

VII0FIV1U0 kilO viiouviuo 02 l Wd hZ 1RP 9002 88 NOIE161S13321 UOUIV 'VI RUM Mid SDNY_GM_02759079 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 1O, 15, and 17 EFTA 00246001 EFTA01330464

CERTIFIED COPY TO BE RECORDED BY FM FAA RELEASE 0 3 (12' 0 331i 3 t: V L3 A 00 Raytheon Aircraft Credit Corporation (the "Secured Party") as secured party under the Security Agreement described and defined on Exhibit A attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Aircraft described and defined on Exhibit A attached hereto. Dated this 77 day of Aloiteit , 2006. Raytheon Aircraft Credit Corporation By: Name: Andrew A. Mathews Title: President 20640/ 014--Agrak nlcr L 2 0 legal% SEE RECORDED CONVEYANCE NUMBER Z . O 0 (p q 18 Doc ID C 34 C1 PAGE, L,. SEE RECORDED CONVtiAt& NUMBER VOCIDSSq W ad Doc C 3aq PAGE SEE RECORMMIgila NUMBER 0 O DOC DC 3 pAgocaa SDNY_GM_02759080 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246O02 EFTA01330465

'840"v-11110 A113 vviovcv LO i oci 61 " 4/ 90. • v.4 3 cilu,‘ (3310 SDNY_GM_02759081 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246003 EFTA01330466

14. Un Exhibit A Security Agreements Aircraft Inventory Security Agreement dated as of February 12, 2005 between Raytheon Aircraft Credit Corporation ("RACC"), as secured party, and Flight Options, LLC ("FOLLC"), as debtor, which was recorded by the FAA on March II, 2005 as Conveyance No. HH039274; Aircraft Inventory Security Agreement dated as of February 14, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 21, 2005 as Conveyance No. Z006418; Aircraft Inventory Security Agreement dated as of February 18, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 22, 2005 as Conveyance No. Z005425, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 19, 2005 as Conveyance No. YY039957; Aircraft Inventory Security Agreement dated as of February 25, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 25, 2005 as Conveyance No. HH039382, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May 25, 2005 as Conveyance No. T077339; Aircraft Inventory Security Agreement dated as of February 25, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 10, 2005 as Conveyance No. V006359, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 25, 2005 as Conveyance No. YY040011; Aircraft Inventory Security Agreement dated as of March 4, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 22, 2005 as Conveyance No. HH039336, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 11, 2005 as Conveyance No. MM027648; Aircraft Inventory Security Agreement dated as of March 4, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 20, 2005 as Conveyance No. YY039984; Aircraft Inventory Security Agreement dated as of March II, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May 5, 2005 as Conveyance No. YY040152, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 16, 2005 as Conveyance No. SS022778; and Aircraft Inventory Security Agreement dated as of March 11, 2005 between RACC, as secured patty, and FOLLC, as debtor, which was recorded by the FAA on April 1, 2005 as Conveyance No. N003852. References to the above described agreements include any agreements attached thereto, incorporated by reference therein, or described therein referencing liens, encumbrances or security interests in favor of RACC. (collectively the "Security Agreements"). SDNY_GM_02759082 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246004 EFTA01330467

I I-, reby certify that I h—pri compared the fore- with the original ng ar is a true and correct thereof. VI4O 51 A Do V140,4 NV1710510 LO I bid .61 AUttl 90. 13VM3dIV yV.d HUM 031I.I SDNY_GM_02759083 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246005 EFTA01330468

CERTIFIED COPY TO BE RECORDED BY FAA C0021 257 FAA grZCOTIDED EASE to mu 18 PR 1 24 Raytheon Aircraft Credit Corporation (theFa'SeCiii4:.f*") as secured party under the Security Agreements described and defined on Exhibit A attached hereto, hereby releases from the terms of the Security Agreements all of its right, title and interest in and to the collateral described in the Security Agreements. Dated this on. day of WPAA.1-- 2006. Raytheon Aircraft Credit Corporation By: Name: Andrew A. Mathews Title: President SEE RECORDED CONVEYANCE NUMBER Yy aµO 157) OOCID C 3aC PAGE1 ftra •;.; 2061W !. 0Airit.d1_,t5 /11.4T SEE RECORDED CONVEYANCE NUMBER 7 QocaT.Z.3 Dec iD...C.,34/ PAGE SEE RECORDED CONVEYANCE NUMBER Li O4O /slat DOC to caxgq pAgE45-_,, Cs tA3 S. SDNY_GAL02759084 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246006 EFTA01330469

L. SDNY_GM_02759085 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246007 EFTA01330470

e N (.4 03 Exhibit A Security Atreements Supplemental Aircraft Inventory Security Agreement dated as of June 13, 2003 between Raytheon Aircraft Credit Corporation ("RACC), as secured party, and Flight Options, LIE ("FOLLC), as debtor (with the Amended and Restated Aircraft Dealer Floor Plan Financing and Security Agreement, dated as of June 12. 2003 between RACC and FOLLC. attached thereto), recorded by the FAA on July 17, 2003, as Conveyance Number S122733; Supplemental Aircraft Inventory Security Agreement dated October 15, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January 20.2005 as Conveyance No. P002013; Supplemental Aircraft Inventory Security Agreement dated November 12, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January 11, 2005 as Conveyance No. P001943; Supplemental Aircraft Inventory Security Agreement dated December 3. 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January I I, 2005 as Conveyance No. 1'076690; Supplemental Aircraft Inventory Security Agreement dated December 9, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on February 24, 2005 as Conveyance No. IC1(034949; Supplemental Aircraft Inventory Security Agreement dated December IS, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on June 23, 2005 as Conveyance No. DD025579; Supplemental Aircraft Inventory Security Agreement dated December 17, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January 19, 2005 as Conveyance No. 7004687; Supplemental Aircraft Inventory Security Agreement dated December 28, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January 12. 2005 as Conveyance No. P001963; Supplemental Aircraft Inventory Security Agreement dated December 28, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on February 8, 2005 as Conveyance No. 11/1039060; Supplemental Aircraft Inventory Security Agreement dated December 29, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on March 3, 2005 as Conveyance No. 1111039223; 20640/ SDNY_GM_02759086 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246008 EFTA01330471

SDNY_GM_02759087 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFFA_00246009 EFTA01330472

a LO Supplemental Aircraft Inventory Security Agreement dated December 29. 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded with the FAA on January I8.2005 as Conveyance No. 1.077264; Supplemental Aircraft Inventory Security Agreement dated January 14, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on January 31. 2005 as Conveyance No. HH038980; Aircraft Inventory Security Agreement dated as of January 18, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 22, 2005 as Conveyance No. 2006423; Aircraft Inventory Security Agreement dated as of January 22, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 7, 2005 as Conveyance No. L077420; Aircraft Inventory Security Agreement dated as of January 27, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 4, 2005 as Conveyance No. RR030454; Aircraft Inventory Security Agreement dated as of January 28, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 22, 2005 as Conveyance No. MM027421; Aircraft Inventory Security Agreement dated as of January 28, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 29. 2005 as Conveyance No. YY040080, as further amended by the Amendment No. IA to the Aircraft Inventory Security Agreement dated July 21, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 13. 2005 as Conveyance No. VV021511; Aircraft Inventory Security Agreement dated as of February 2, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 22, 2005 as Conveyance No. KK035074; Aircraft Inventory Security Agreement dated as of February 3, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May II. 2005 as Conveyance No. DD025405; Aircraft Inventory Security Agreement dated as of February 4. 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 8.2005 as Conveyance No. HH039251, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 7, 2005 as 11036007; 20640/ SDNY_GM_02759088 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002460 10 EFTA01330473

SDNY_GM_02759089 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002460 I I EFTA01330474

Aircraft Inventory Security Agreement dated as of March 18, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May 5, 2005 as Conveyance No. YY040151, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated April 5, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 21, 2005 as Conveyance No. SS022819; Aircraft Inventory Security Agreement dated as of March 18, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 19, 2005 as Conveyance No. YY039962; as further amended by the Amendment to Aircraft Inventory Security Agreement dated as of August 19, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 15, 2005 as Conveyance No. VV021521; Aircraft Inventory Security Agreement dated as of March 25, 2005 RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 28, 2005 as Conveyance No. X149528; as further amended by the Amendment IA to the Aircraft Inventory Security Agreement dated July 21, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 9, 2005 as Conveyance No. PP029412; and further amended by the Amendment to Aircraft Inventory Security Agreement dated as of August 19. 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September IS, 2005 as Conveyance No. DD025867; Aircraft Inventory Security Agreement dated as of March 25, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 2, 2005 as Conveyance No. VV021083, as further amended by the Amendment IA to the Aircraft Inventory Security Agreement dated July 21, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on August 26, 2005 as Conveyance No. RR031704; Aircraft Inventory Security Agreement dated as of April 1, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May 4, 2005 as Conveyance No. YY040150; as further amended by the Amendment to Aircraft Inventory Security Agreement dated as of August 19, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on October 19, 2005 as Conveyance No. VV021726; Aircraft Inventory Security Agreement dated as of April 8, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 27, 2005 as Conveyance No. YY040046, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated August 19, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 19, 2005 as Conveyance No. VV021526; Aircraft Inventory Security Agreement dated as of April 28, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 7, 2005 as Conveyance No. VV021131; Aircraft Inventory Security Agreement dated as of May 2, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 8, 2005 as Conveyance No. HH039708, as further amended by the Amendment to the Aircraft Inventory Security Agreement 20640/ SDNY_GM_02759090 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246012 EFTA01330475

I SDNY_GM_02759091 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246013 EFTA01330476

dated August 19, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 26, 2005 as Conveyance No. VV021591; Aircraft Inventory Security Agreement dated as of May 13, 2005 between RACC, as secured party, and FOLLC, as dcbtor, which was recorded by the FAA on June 16, 2005 as Conveyance No. SS022777, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated August 19, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 15, 2005 as Conveyance No. VV021523; and Aircraft Inventory Security Agreement dated as of May 20, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on August 3. 2005 as Conveyance No. 8066884, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated August 19, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 22, 2005 as Conveyance No. VV021568. References to the above described agreements include any agreements attached thereto, incorporated by reference therein, or described therein referencing liens, encumbrances or security interests in favor of RACC. (collectively the "Security Agreements"). i Sal! .fam driel `.•9Sci,i ;5 9V$rN.,! e.4; 20640):ierroa :•st s . • - .1arir'O,30- : : a SDNY_GM_02759092 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246014 EFTA01330477

40 °MN. (fr 14g SDNY_GM_02759093 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246015 EFTA01330478

r a 0002318 FAA RELEASE C0i4VEYANCE itECORDCD. 205 OCT 24 P19 12 18 Raytheon Aircraft Credit Corporation (tIrEaSecureck 'Panty") as secured party under the Security Agreement desPri A tAa tn td righined on Exhibit A attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Aircraft described and defined on Exhibit A attached hereto. Dated this ,tday of a s/a, 2005. Raytheon Aircraft Credit Corporation By: 46O Andrew A. athews Title: President 20640 SDNY_GM_02759094 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246016 EFTA01330479

VVVOHV1NO All0 VWOHV11O 3h T lJd b 130 S002 Ile NOIIVII1S1938 VIM HIIM Gni SDNY_GM_02759095 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002460 17 EFTA01330480

Exhibit A FAA Release Security Agreement Aircraft Inventory Security Agreement dated as of January 18, 2005 between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, (with the Amended and Restated Aircraft Dealer Floor Plan Financing and Security Agreement, dated as of June 12, 2003 between Raytheon Aircraft Credit Corporation and Flight Options, LLC, attached thereto as Exhibit A),L.E045644( bAthe FAA on Mak Sa 2005ort.c.bnuttwei. tvigaa ...,(the "Security Agreement"). Aircraft One (1) Beech model 400A aircraft bearing manufacturer's serial number RK-62 and United States Registration No. N462CW, together with two (2) Pratt & Whitney Canada Model JTI5D-5 aircraft engines bearing manufacturer's serial numbers PCE-100300 and PCE-100301 (collectively the "Aircraft"). The engines described above are in excess of 750 rated takeoff horsepower. 20640, SDNYGA402759096 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002460 I 8 EFTA01330481

VINOHMO A_LIO VIHOEIV1NO 2h 1 Lid h 130 S002 813 NOLLMS1038 idV21041V VV4 HIM 0311i SDNY_GM_02759097 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246019 EFTA01330482

vv 0 217 2 7 FAA RELEASE CONVEYANCE RECORDED 2005 OCT 19 All 7 17 Raytheon Aircraft Credit Corporation (the "Secured Party") as tiittiAL AvIATION secured party under the Security Agreement described thigIttlefiftedlittia Exhibit A attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Aircraft described and defined on Exhibit A attached hereto. Dated this 2811ay of SraD-LIAA , 2005. Raytheon Aircraft Credit Corporation By: Name: Andrew A. Mathews Title: President 20640/ SDNY_GM_02759098 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00246020 EFTA01330483

• nionv7x0 Alto vivourmo S° C bid go d3s tra ,ouveisoaa IdT • ii/IAI OrIld 83diV SDNY_GM_02 759099 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_0024602I EFTA01330484

C.3 rn Exhibit A FAA Release Security Agreement Aircraft Inventory Security Agreement dated as of April 1, 2005 between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, (with the Amended and Restated Aircraft Dealer Floor Plan Financing and Security Agreement, dated as of June 12, 2003 between Raytheon Aircraft Credit Corporation and Flight Options, LLC, attached thereto as Exhibit A), filed with the FAA on April 1, 2005 but not yet recorded; as amended by the Amendment to Aircraft Inventory Security Agreement dated as of August 19, 2005, between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, filed with the FAA on August 24, 2005 but not yet recorded (collectively the "Security Agreement"). Aircraft One (1) Raytheon Aircraft Company aircraft model 400A bearing manufacturer's serial number RK-260 and U.S. Registration No. N787TA, together with the two (2) Pratt & Whitney Canada model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE-JA0287 and PCE- JA0291 (collectively the "Aircraft"). 20640 SDNY_GM_02759100 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246022 EFTA01330485

vironrow A1c vivo:iv/No SC £ bid 5 d?S S0S? 85 N011O.1131338 I 4'1' %it'd Ilitict 0311:i SDNY_GMJID%9T61 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246023 EFTA01330486

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION CROSS-REFERENCE—RECORDATION SEE CONVEYANCE NO FILING DATE This form is to be used in cases where a conveyance covers seven/ aircraft and engines, propeller& or locations. File original of this form with the recorded conveyance and a copy in each aircraft folder involved. TYPE OF CONVEYANCE Amendment to Aircraft Inventory Security Agreement YY040150 DATE EXECUTED 8/19/05 FROM Flight Options LLC DOCUMENT NO. V V a a ) 796 TO OR ASSIGNEDT0 Raytheon Aircraft Credit Corp DATE RECORDED /0-1 9 --o s THE FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE: A IRCRAFT (List by regismaion number) I TEITAI NI IMRFR INVOLVED 7 N440CW N456CW N699CW , N73ITA N775TA N7137TA N617TA Pratt & Whitney Canada JT15D-5 PCE-100260 PCE-100261 . PCE-100292 PCE-100258 PCE-1A0316 PCE-3A0317 PCE-JA0322 PCE-JA0323 PCE-JA0287 PCE-3A0291 Pratt & Whitney Canada PT6A-42 PCE-PJ0483 PCE-P10479 General Electric CF34-3A 350250 350263 ENGINES I TOTAI NIIMRFR M OV]VED 14 MAKE(S) ......,...r See above list SERIAL NO. see above PROPELLERS I TOTAI NUMBER INVOI VET) MAKE(S) SERIAL NO. SPARE PARTS -LOCATIONS I TOTAI. NI IMRFR WWII VET) LOCATION RECORDED CONVEYANCE FILED IN: N440CW Beech 400A Serial RK-40 YY040150 (see doe id C3I5, page I in master) AC FORM SOS0-23 (146)(0052-00-5824000) SDNY_GM_02759102 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246024 EFTA01330487

• • SDNY_GM_02759103 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246025 EFTA01330488

vv0 217 25 FAA RELEASE e CONVEYANCE co RECORDED ta 2005 OCT 18 API 8 21 Raytheon Aircraft Credit Corporation (the "Serrtn\MC)ids secured party under the Security Agreement describedi(MUNIMMUOten Exhibit A attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Aircraft described and defined on Exhibit A attached hereto. Dated this Sday of St/444%..6e4 , 2005. Raytheon Aircraft Credit Corporation By: Name: Andrew A. Mathews Title: President SDNY_GM_02759104 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246026 EFTA01330489

c VNOHTIN0 A110 iteaMTD/0 So £ Lid se cl3S S002 i.c.10'40V . rid Nllhi 03114 ClIif_GM_02759105 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246027 EFTA01330490

m IPA Exhibit A FAA Release Security Agreement Aircraft Inventory Security Agreement dated as of March 18, 2005 between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, (with the Amended and Restated Aircraft Dealer Floor Plan Financing and Security Agreement, dated as of June 12, 2003 between Raytheon Aircraft Credit Corporation and Flight Options, LLC, attached thereto as Exhibit A), recorded by the FAA on May 5, 2005 as Conveyance No. YY040151; as amended by the Amendment to the Aircraft Inventory Security Agreement dated as of April 5, 2005, between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, recorded by the FAA on June 21, 2005 as Conveyance No. SS022819; as further amended by the Amendment to Aircraft Inventory Security Agreement dated as of August 19, 2005, between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, filed with the FAA on August 24, 2005 but not yet recorded (collectively the "Security Agreement"). Aircraft One (1) Raytheon Aircraft Company aircraft model 400A bearing manufacturer's serial number RIC-260 and U.S. Registration No. N787TA, together with the two (2) Pratt & Whitney Canada model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE-JA0287 and PCE- JA0291 (collectively the "Aircraft"). 20640 SDNY_GM_02759106 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246028 EFTA01330491

Vi.'01-;;1:40 Vil0HV-PA0 St:£Wd 60 dB SOO? Vvd H11/4 0311, SDNY_GM_02759107 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00246029 EFTA01330492

Kai ARANO am ow 212DG24.2 WITo ROM OF AMERICA Cornea OF TROJEWORWION AIRCRAFT PROISTRATION APPLOITION CERT ISSUE DATE IMMO MOD N ' REGIERRATON /OW . AIRCRAFT IIVIUFACTUREIR A Mat vm tli g f Raytheon Airaaft Cameny 403A o A i eam 5 i *Ammer WEAL k1/44. 01 RK-260 FOR FM USE ONLY— G5 Mt OF REOISTRATed Knock no Sal I)) 0 It hdblosii 0 2. Pannone* 0 a Cooparaco Q 4. Co-crenor 0 5. Govl. 0 S. Pricsaue. • WYE OF APPUCANT 01Asoroo non on orbwc• a *atop It RPIPIduil. Iral Oa RS An. In ord POOP PAR I III 1.) Air Ghislaine, Inc. 6.25% of 100% (2ee Attachment cieuVe_ok 4?-?...:, -05 TEIZPNCOE NUMBER I I ADORES& Monne sea Ana k. Rd weave SUR P.O. 50x • .544. rooc• adcPass Roma* be sow,) C/O: Flight Options, LLC Nutter POOP 28180 Curtiss-Wright Parkway EIS Res PA ear an Richmond Heights EWE OH W 000E 44143 0 CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENDONI Fad th• following stetiontont before signing this application. This portion MUST In COMpleleid. A lels a allool Sea i le airy b/pston At Fs Ammon say to groat* No pflormsi by fine ona p, tworti-wii eit Owe As a Sea wn CERTIFICATION WE Cent III Rot to OOP ROO 4 IRPRIT RI We oneorbitse *Want stein Mot Ce(luene (4arelICRO et to Untied URNS (FP TOMO Pal ghe o. of Awn )or CHECK ONE AS APPROPRIATE • CI A Nedet Mart .It air csostetai (Tenn 1.TV or Pan 1 45I) No. es i re _ _ b. 9 A EY ratan aseersikm agisruso ard done mess% wedwed Ma ONO Delawa ___ r20186raffetro tIROArretEffitonYttlrat 'raiz' m TRY We 9) TIM kW NOTE: TYPE OR acre le owl NOSS wow em bon al arry Issyn Carty; Wd aiderce al oureshp is ildtat•lec w rat tom PA< se ins kalloi *nate IertratitnIce 0 -- ler CO.00nershop ell appbcants must or Use (worse side e towitity NAME ME Assistant Secretary of ['Eight 1 acting as .- a R. Dautemen UNE t t Or Mr Chisledne, Inc. 2 SIGNATURE mg --t DATE IONE Peel itcelpl al ON C* el ARRA Repines We SOS STAR bi ogemod le • penal PO at am% ol GO Sys. doing *Nth — Is MIK ow S IS Weleelbot mei be oleAld Is ireetbeel PC FOR KW (Me) (COS24042$40Th SDNY_GM_02759108 :T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00246030 EFTA01330493

• '• VAiiiH11)10 1.1.10 V$401-171)10 S£ £• Lid 63 d39 S002 BO NOUN/819153a l k10110/ VVA•14111A 0311A SDNY_GM_02759109 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA 00246031 EFTA01330494