to O e x . a I A Insured Aircraft Title Service, Inc. 0 P.O. Box 19527 • Oklahoma City, Oklahoma 73144 • T S FAX R 0 0 • • May 1, 2007 FtEGIETESED RETUEN TQ CENTRAL RECORDS . FORAM/USER MANS( FAA Aircraft Registry Support Section To Whom It May Concern: Please assign N493LX to the following aircraft: N793TA Raytheon Aircraft Company 400A S/N1RIC-244 On behalf of our customer: 1/931-x (€41 79314 18 JUN 182007 Flight Options, LW 26180 Curtiss-Wright Parkway Richmond Heights, OH 44143 The $10.00 fee tusly been paid. If you have any questions, please contact the undersigned at Thank you, dwi DocumetKation Specialist Serving the Aviation Industry for over 40 years SDNY_GM_02761725 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 1 EFTA_00248647 EFTA01332165

• • VWOHVlX0 All0 VPIOHttlX0 th 6 WY T Ayij US NOI1V211S10321 YYd Hllµ 03113 SDNY_GM_02761726 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248648 EFTA01332166

OMB NO. 2120-0042 FORM APPROVED > rti • UNITED STATES OF AMERICA it KIIMIIIM If TRANSPORTATION URAL AVIATION MMNISTMIEN AIRCRAFT BILL OF SALE 0-... ti 0 C 0 , 0 0 4 2 Do Not Write In This Block FOR FAA VSE 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 N793TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. IRK-244 DOES THIS 6TH 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 (ft GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL) FLIGHT OPTIONS, LLC 6.25% OF 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND MTS., OH 44143 073481314028 $5110 12/12/2007 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 6Th OF DEC., 2007. cc RI ch NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN IND (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST TITLE (TYPED OR PRINTED) BUDCO HOLDINGS, LLC ts--- CHIEF FINANCIAL OFFICER • BRUC BOYLE OF FLIGHT OPTIONS, LLc ' ACTING AS ATTORNEY- IN-FACT FOR BUDCO HOLDINGS, LIX ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) ORIGINAL: TO FM AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition SDNY_GM_02761727 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EF1'A_00248649 EFTA01332167

• • VI-10HV1510 ZI Wd ZT 330 CO. . , . .1.3V8Ddi V V3 HIlht 03113 SDNY_GM_02761728 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248650 EFTA01332168

pi FORM APPRCALED CUB No. 2120fpgth UNITED STATES OF AMERICA DEPARTMENT OP TRANSPORTATION FEDERAL AVIATION AlthiNtSTRartOosamth MIMITONEY AlthOOMUTICAL CENTER AIRCRAFT FtEGISTRATION APPLICATION ti i . CERT. ISSUE DA1t UNITED STATES REGISTRATION NUMBER N 793TA AIRCRAFT MANUFACTURER 8 MODEL Raytheon Aircraft Carpany 400A AIRCRAFT SERIAL No. RK -244 FOR FAA USE ONLY TYPE OF REGISTRATION (Check one beet) 0 I. Individual ID 2. Partnership 0 3. Corporation K 4. Co-owner 0 5. Gov't. 0 B.t40^-C lue" NAME OF ICANT II Indlyklusi. left name first name. and middle Inaba) (Person(s) shown on evidence or ownetehlp. caw 12.) Flight Options, LLC 28.125% of 100% 4I/I6, Attachffent d.+ Ac ea( calo-7) TELEPHONE NUMBER: ( ) ADDRESS (Permanent malting address for firtrtirreetymmtig.o. pee Is used. physical address mint also be shown.) 26180 Curtiss-Wright Parkway Number and street: Rural Route: P.O. Box: CITY Richmond Heights STATE OH ZIP CODE 44143 0 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 false or dishonest answer to any question in this application may be (Founds roe Putlithment by fine and / or mthritionment (U.S. Code. Title 18. Sec. 1001) CERTIFICATION 4. VINE CERTIFY: (1) Thal the above aircraft is owned by the undersigned applicant. who Is a citizen Concluding cornerstone) of the United States. (For voting Irv*. give name of trustee: ) or. CHECK ONE AS APPROPRIATE: a. IZI A resideth ellen. with Mon registraten (Ferrn 1-151 or Form 1-551) No. b. In A non-citron corparatIon organized and doing biashethe under the laws Of (Mate) and and aircraft is based and primarily used In the United Stales. Record@ or flight hours are available for inspeCtiOn et (2) That the aircraft is not registered under the laws of any foreign country; and (3) That legal evidence of ownership Is anomed or has been Ned with the Fathead Aviation Administration. NOTE: If executed for co-ownership all applicants must sign. Use reverse side If necessary. TYPE OR PRINT NAME BELOW SIGNATURE Chief Pp 6,? igg 2 St SIGNARJRE TITLE F nanci 1 ofticerDATE of Flight Options, LLC lalt (0-1 - S Bruce Boyle TRLE 44-9C)- DATE SIGNATURE TITLE DATE NOTE Pending receipt of me Certificate of Aircraft Regletration. the aircraft may be operated tor • period not In excess el 90 days. during which Ilene the PINK copy of this application nmst be owned in the aircraft. AC Font, 8050-1 (5,03) (0052-00428-9007) SDNY_GM_02761729 O IDo a 0 O SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248651 EFTA01332169

• • V N0HV1MO A11O V HOW> 1)1O 31 ZT Lid ZI 030 LO. arCIIV isio 3 e. 13V 83 WV V VA HUM a3113 SDNY_GM_02761730 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248652 EFTA01332170

Mr ATTACHMENT TO AIRCRAFIIREGISTRATION APPLICATION Wed Jah9,01 Reg #: N793TA Model: Raytheon Aircraft Company 400A SINN: RK-244 1.) 2.) 3.) 4.) 5.) 6.) 9.) 10.) 11.) 12.) 13.) 14.) Name of Applicant: Southeastern Mills, Inc. Owning an undivided Interest of: 12.50% of 100% Address: Shown on Original form hereto Robert Kettler 6.25% of 100% Shown on Original lam hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.125% of 100% Shown on Original form hereto Emeril Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto • Signalures: A- Title: Date. Chief Financial Officer of. Flight Options, LLC Acting as Attorney-in-Fact for #1,2,3,4,5,6,7,8,9,10,11 By signing above. Pie applicant agrees and stipulates (I) to the terms. conditions and cerlicolion of the AC Form 8050.1 Aircraft Registration Application. to which this page is attached (the -APOlcalein"). III) that al c4 the information tel lordh on the Application O true and affect as of this dale, and (Ill) the Application may be executed by the cooidners by executing Separate itOunterpert signature pages. each of with Mien so executed and delivered shel be an original but all such counterparts shall together constitute out one and the Same appliCaliOn. 14 41 SDNY_GM_02761731 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248653 EFTA01332171

• • V14011171)10 Air Yi 'CAIN 1)10 ZI ZI Lid ZI 330 LO, • ••• • •••• t tiold In Y031V tiliM (131t: SDNY_GM_02761732 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248654 EFTA01332172

Q 0 3 6 3 17 CERTIFIED COPY TO BE RECORDED BY FAA FAA RELEASE Dated as of November mugIANcE RECORDE9 Raytheon Aircraft Credit Corporation hereby 0) releaseAArciwithg.denniofithnncumbrances described and defined on Exhibit A attached hereto, all e ls& itlit7tite Arid interea in and to any and all collateral described in and subject to the EncumbrarientiksWjeakpomt limited to any aircraft, engines, propellers, lease agreements, spare parts (atillilkliNitgentkelitmitisppliarices (at all locations)) and (ii) confirms that the Encumbrances and any tens and security interests created thereby are hereby terminated. A/723[01472 04:1 A,Gttf ‘1.1 inirT [The remainder of this page is intentionally left blank) SEE RECORDED CONVEYANCE NUMBER -7 - 7- 0.4 03:44 D0ClD 63V3 pAot,21., SDNY_GM_02761733 Ni r. SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248655 EFTA01332173

1/14011V1)10 9C IT WIJ h 930 LO. ..V., ::;314M197 1.4 Hu M 03111 SDNY_GM_02761734 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248656 EFTA01332174

23 fV `4. This FAA Release was executed as of the date noted above. RAYTHEON AIRCRAFT CREDIT CORF7TION By: Name: Title: Af/2300147.2 luMalleot mvio ft. wittmns y, P. - 6r&'6x 44 Co ((kart- SDNY_GM_02761735 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248657 EFTA01332175

i SDNY_GM_02761736 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248658 EFTA01332176

rit EXHIBIT A ENCUMBRANCES (collectively the "Encumbrances") 1. 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 June 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. QQ028098 • Supplemental Aircraft Inventory Security Agreement dated December 18, 2003 between RACC, as secured party, and FOLLC, as debtor; which was rccordcd by the FAA on March 29, 2004 and assigned Conveyance No. 8064367 • Supplemental Aircraft Inventory Security Agreement dated March 12, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on April 30, 2064 and assigned Conveyance No. E003894 • Supplemental Aircraft Inventory Security Agreement dated April 8, 2004 between RACC, as secured party, and FOLLC, 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 1, 2004 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December 1, 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 wassecorded 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. 17019346 • 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. 17020384 N72300147.2 SDNY GM 02761737 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248659 EFTA01332177

SDNY_GM_02761738 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248660 EFTA01332178

• 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. X 149575 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. 5S023475 A/22300147.2 SDNY_GM_02761739 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024866I EFTA01332179

i hereby certify Matt have compared the .(grie- going with the viral and it is a true and correct copy thereof. 1/1101O71Y0 .. " 1 MO 9E TTWd h 330L0. HIIM 0311.1 • SDNY_GM_02761740 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248662 EFTA01332180

a -FORM APPROVED capita No. 2120.0042 UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION Filiinir.L ronareors aceetensanoresoot uktelpasen alesonstmcm. cans • AIRCRAFT FIEGISTRAllON APPLICATION ......- (Al CERT. 0._. UE DATE v_i nitH ir ak FO Y FieatiNFTED STATES 793TA N AIRCRAFT MANUFACTURER & MODEL ...e....ititerier teet--. Raytheon Aircraft Company 400A AIRCRAFT SERIAL No. RK -244 . . TYPE OF REEUSTRAIION (Check one Sod • 3 ( C) 1. InclivIdUad 0 2. Partnership 0.3. Corporation 4. Co-owner 0 5: Gov't. 0 5.1 °n-Citizen on NAME OF APPLICANT If indleduid. lad Inn and middle Initial.) (r....4.) shown on evidence. of eamenthip. glee name. name. 13.) Flight Options, LLC 21.875% of 100% . . Clee Attachment O1,514-cci Wet/en) TELEPHONE NUMBER: ( ) ADDRESS for address must also be shown. (Permanent mailing address fl nrrimitgAg.o. rats used, physical a Number and street: 26180 Curtiss-Wright Parkway Rand Route: P.O. San CITY Richuond Heights STATE OH ZIP CODE 44143 O 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 false or dishonost answer to any question in this application may be grounds for punishment by lino and / or imprisonment (U.S. Code. Tide 18. Sec. 1001). CERTIFICATION UWE CERTIFY. (1) That the above aircraft is owned by the undersigned applicant who le • citizen (including corporations) of the United States. (For voting best give name el.tilts-tow i. or. CHECK ONE AS APPROPRIATE: a. EI A resident alien, with mien registration (Form 1-151 Or Form 1.651) No. b. Li A non-citizen corporation organized and doing business under the taws of (state) and said aircraft Is eased end pnYnartiy used in the United Melee Reards or eight hours we available for Inspection at (2) Thal the aircraft is not registered under the laws 01 any foreign country: and (3) That legal evidence of ownership Is attached or has been filed with the Federal AviabOn Administration. • NOTE: It executed for co-ownership all applicants must sign. Use reverse side It necessary. TYPE OR PRINT NAME BELOW SIGNATURE f§1 a 2 E 1 1 X SIGNATURE S40 Trri-E Vice President, Sec. g of Flight Options, LLC SIGNATURE . Bruce Boyle - IT TITLE DATE NOTE Pending Precept at the Certificate of Aircraft Registration. the aircraft may be operated for a period not In. excess Of 90 days. during which time the PINK copy of this application must be corned In the eirCireft AC Form 8050-1 (5/03) (0052-00-628-9007) SDNY_GM_02761141 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248663 EFTA01332181

fon R94 • • .• _i 124101-1111)10 (110 VNOHV-1310 TS i T J& 6 tlYILI 1002 2i8 NO/J.VaiS103U../...4178:"Mii, VI/3 HLIAI 0311d SDNY_GM_02761742 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248664 EFTA01332182

ATTACHMENT TO AIRCRAFTSEGISTFtATIT APPLICATION ,,,pm..eci 3 67/0/7 Reg /7: N793TA Model: Raytheon Aircraft Company 400A 1.) 2.) 3.) 4.) 5.) 6.) 7 dik 8. 9.) 10.) 11.) 12.) 13.) 14.) Name of Applicant: Southeastern Mills, Inc. &N#: RK-244 Address: Shown on Original form hereto Owning an undivided Interest of: 12.50% of 100% Robert Kettler 6.25% of 100% Shown on Original form hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis. Jr. 3.125% of 100% Shown on Original form hereto Eineril Air. LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto BudCo Holdings. LLC 6.25% of 100% Shown on Original form hereto Signatures: Title: Date: • Vice President. Sec & CFO of Flight Options. LLC Acting as Attomey-in-Fact for #12.3.4.5.6,7,8.9.10,11,12 0I. td By signing above. the applicant agrees and stpubtes (I) to the laws, conditions and conificatOn of the AC Form 80501 Aircraft Registration Application, to which this page is seethed (the (II) that all of the information set forth on the Application is We and correct as of this date. and fill/ the AMACelian may be executed by the co-owners by executing separale coumerpan signature pages, each of which when so executed and delivered shall be an original, but al such counterparts shall together constitule but one and the sane aPPliCatOn. SDNY_GM_02761743 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248665 EFTA01332183

• • 4.it, b., • -nio •,ON ts - viNo ir .„.0 6 oldie, v8 bB Aroti frt, .1s,031, d MAI idvtih 037O 4 SDNY_GM_02761744 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248666 EFTA01332184

FORM APP.:UWE° OMB No. 2120-0042 . METED STATES OF AMERICA DEPARTIAENT OF TRANSPORTATION moan.. ifIVIAMOM AlaitieelMilanOssa•Kil IIKIIIIROMIN MIBONAUTICAL Caartgal AIRCRAFT RECUSTRATION 1,...3 CERT. ISSUE DATE "'tat ___Ser V e k . S O 1-'1 UNITED STATES REGISTRATION NUMBER N 79jTA • AIRCRAFT MANUFACTURER • MODEL Raytheon Aircraft Company 400A AIRCRAFT SERIAL No. RK -244 FOR FAA USE ONLY TYPE OF REGISTRATION (Check one gOs) Non-atter; CI 1. Individual 0 2. Pertnership 0 3. Corporation ii X C 4. Co-owner 0 5. Gov't 0 II NAME OF APPLICANT (POnion(4) shown on ovItIMICO Cl OnnonAlp. If InclMcksal. plot WI Rea MSC fount and mIcktle WON) 12.) Flight Options, LLC 28.125% of 100% Ask • iler CSee Attachmentdeseci, a /510-1) TELEPHONE NUMBER: ( ) ADDRESS (Permanent mailing address for Or ' WIMP°. BOEttt used. physlCal address must also be shown.) Tons, L 26180 Curtiss-Wright Parkway Number and street' Rural Route: P.O. Beni: CITY .Richmond Heights STATE OH ZIP CODE 44143 D 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 false or dishonest answer to any question In thin application may be grounds for punishment by line and/Or IMPrleonment (U.S. Coda. Title 18. Soc. 1(01). Illi CERTIFICATION OWE CERTIFY: (1) That the above aircraft is owned by the undersigned applicant. who WI at citizen (moluang corporatona) of the tinned States. (For voting trust. give name 04 trustee: ) or - CHECK ONE AS APPROPRIATE: 0 A resident alion, with alien registration (Font 1.151 or Form I -S51) No. a. . A corpotabon organised and doing business under the laws of (state) b. 0 non-cillion and said aircraft is based and primarily used in the United States. Records or Ned hour* are ovitAablo tor inspection at (2) That the aircraft Is not registered under the laws of any foreign country: and (3) That legal evidence of ownership is attached or has bean filed with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants must sign. Use reverse side il necessary. TYPE OR PRINT NAME BELOW SIGNATURE lig SIGN* TITLE Vice President, Sec. it of Flight Options, LLC 6m 0 E I " Bruce 1 • ,, TITLE ' - ...1+ ta DA gL SIGNAW RE TITLE DATE NOTE Pending receipt of the Certificate of Aircraft Regirstretion. the awash may be operated for a period not in excess of 90 days. during which time the PINK copy of this application must be Castled in the aircraft AC Fonn 8050-1 (5/03) (0052-00403-9007) SDNY_GM_02761745 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248667 EFTA01332185

VKOHY1NO • AJJO 1/KOHViN0 . -?C` T W.d ,S HUW L102 NOI1V.81SiD3ti .14VH0611, VVA Hit/A.0311J SDNY_GM_02761748 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248668 EFTA01332186

0 Per ATTACHMENT TO AIRCRAFT REGISTRAllON • APPLICATION offacel 45/tyl Reg tt: N793TA Model: Raytheon Aircraft Company 400A RK-244 1.) 2.) 3.) 4.) 5.) 6.) Ill 8. 9.) 10.) 11.) 12.) 13.) 14.) Name of Applicant: Southeastern Mills. Inc. Owning an undivided Interest of: 12.50% of 100% Address: Shown on Original form hereto Robert Kanter 6.25% of 100% Shown on Original form hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto JHPH. LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.125% of 100% Shown on Original form hereto Emeril Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto Signatures: Title: Date: • Vice President. Sec & CFO of Flight Options, LLC Acting as Attorney-in-Fad for #1 ,2.3.4.5.6.7.8.9.10.11 31616-7 1,4 By signing above. the applicant agrees and 'Spates (I) to the terms. conditions and cedikaten of the AC Form 8050.1 Aircraft Registration Applicator). to eke.", Mk page Is attached (the -APPIcatronl. (II) that al ol the inkwmallon ser forth on the Appkabon is Inc and oared as of this dale, and MO the APO:tank may be executed by the co-armors by execueng separate cotneerpart signature pages, each of Mid, %Men so executed and delivered shad be an original, but al such counterparts shall together constitute bur one and the same application SDNY_GM_02761747 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248669 EFTA01332187

• • VI;•4011V1NO Alto VHORY1M0 £ I Ltd S URI 1001 88 NOIP/81S1038 IgVeOZIA' %ICY Hil/A SDNY_GM_02761748 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248670 EFTA01332188

ka• D. D. U.S. Department of Transomlotion Federal Aviation Administration IATS ATTN: 1ENNIFER 1.00W1CH PD ROOM Dear Sirs: Flight Standards Sonia Aircraft Registration Branch, AFS-750 P.O. Boa 25604 April 11, 2007 NUMBER CHANGED TO CANceu-ED DATE 04 PAN 112001 The FAA Aircraft Registry issued en AC Form 8050-64, Assignment of Special Registration Marks, on. 793TA. This form authorized the use of special registration mark N493LX on Raytheon Aircraft Co model 400A aircraft, serial number RUC-244 N793TA. The authorization form was to have been signed and returned to this office within 5 days after the special registration number was painted on the aircraft. It has not yet been received. Clarification as to the status of the number change is needed so that the certificate of registration may be issued reflecting the correct registration number. Please furnish this clarification by checking the applicable block and signing below: The special registration mark HAS BEEN painted on the aircraft. The special registration mark HAS NOT BEEN painted on the aircraft but will be at a later date. Please extend authorization for use of the special number. Enclosed is a $10 fee required to reserve the number. El The special registration mark WILL NOT BE USED on this aircraft. Cat eatadia Ca Additional Requirements: S. Lynn Tampas Legal Instruments Examiner Aircraft Registration Branch AFS-750-103-1 (7104) Signature of aircraft owner Agta PI rnei tibnitn TA1.11\,A- oplionSi Date 071211328548 510.00 04/36/2007 SDNY_GM_02761749 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248671 EFTA01332189

VIYONV1)10 A113 VPi0HV1)10 OTT lid OE MI al 80 NOinnitS1032i1:1411DdIV YV4 H11M 03111 SDNY_GM_02761750 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248672 EFTA01332190

0 UDep0f101ed of Trawatton mod mol on AdmInidrolion ASSIGNMENT OF SPECIAL REGISTRATION NUMBERS Special Registration Number N 493111 Aircraft Make and Model RAYTHEON AIRCRAFT COMPANY 400A Present Registration Number . N 7931A Serial Number RK —244 7150010 Date: • Issue ICAO AIRCRAFT ADDRESS CODE JANUARY 30, 2007 FOR N49311 r. 51416115 This is your authaty to change the United Stales registra- tion number on the above described aircraft to the special SOUTHEASTERN MILLS INC registratico nurnber shown. 26180 CURTISS—WRIGHT PKWY Carry duprwaie of this lam in the aircraft together with the C/ii FL [GNI OPTIONS LLC old reejstration cart RICHMOND HEIGHTS OH 44143-1453 aircraft pending receipt el revned oertfioate of registration. Obtain a revised certkate of aingthiness from your near. KETTLER ROBERT est Fight Standards District Office. SAMAIR INC ASCENT II LLC The latest FAA Fam 81304, Application For Airworthiness on file is dated: ET-AL OCTOBER 01, 1999 The A:worthiness classification and category: STD TRANSP INSTRUCTIONS: SIGN AND RETURN THE ORIGINAL of this form to the Civil Aviation Registry, AFS-750, within 5 days after the special registration number is on the aircraft. A revised certificate wit then be issued. W placed The authority to use the special number expires: JANUARY 30, 2008 CERTIFICATION: I certify that the special registration number was placed on the RETURN FORM TO: aircraft described above: Civil Aviation Registry, AFS•750 P.O. Boo 25504 Signature of Owner. Oklahoma City, Oklahoma 73125-0504 Title of Omer. Date Placed on Aircraft AC Form 8050-64 (5/2005) Supersedes Previous Ednion , SDNY_GM_02761751 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248673 EFTA01332191

• • SDNY GM 02761752 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248674 EFTA01332192

/ • • Insured Aircraft Title Service, Inc. P.O. Box 19527 • Oklahoma City, Oklahoma 73144 • FAX DATE: ..op 0.7 FEDERAL AVIATION ADMINISTRATION CENTRAL RECORDS DIVISION OKLAHOMA CITY, OK Gentlemen: Please reserve N q931.x -(4 793T A 18 JAN 3 0 200? in NAME ONLY for: Please reserve N 4q3DC for assignment to the following aircraft: 613TV1 Pak#11011 RK-atizi Current Nit Make Model , Serial # Which is (I) being purchased by: or (2) is registered to: )C OptionA Payment of the required $10 fee per number to reserve it for one year is attached. If the preferred N number is not available, please contact the undersigned for a selection of a new number. Please send the letter of confirmation or the 64 form to Insured Aircraft Title Service in the P.D. Room. Additional Information: Thank you, Angie gley N Number Consultant •-• Serving the Aviation Industry for over 35 years SDNY_GM_02761753 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248675 EFTA01332193

V A /OIV:WHOVH1V)(1°)/0 be NOvlIvii 1 IS m53:311,7138Its S2 6 bk CO Nit epee j SDNY_GM_02761754 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248676 EFTA01332194

a UNITED STATES OF AMERICA IL S. WYM1113111111ANWMTABIll FEDERAL AMAIN MINIMA= , AIRCRAFT BILL OF SALE ht CORVEYANC€ REIHIRDRO RPR 3 fin ' 52 AVIATION AO:MINISTRATION Do No l Write In TNn Block FOR FAA 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 ill REGISTRATION FEDERAL NUMBER N 793TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS q IN DAY OF MAR., 2007 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE. AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDWIDUAL (5). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) BUDCO HOLDINGS, LLC 6.25% OF 100% 26180 CURTISS-WRIGHT PARKWAY 070681243592 RICHMOND HEIGHTS, OH 44143 $5.00 03/09/2007 DEALER CERTIFICATE NUMBER AND TO ITS EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS Tlf TITLE THEREOF. IN TESTIMONY WHEREOF I HAVE SET MY HAND AND SEAL THIS 9'H DAY OF MAR., 2007. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK (IF EXECUTED FOR C HIP. ALL M./ST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC VICE PRESIDENT BRU E OYLE SECRETARY & CFO 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_02761755 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248677 EFTA01332195

VfriOntrno A110 VkiOliV1X0 TS i I ',Ai 6 obi me 88 N011tstilS1938 ISPNOilltr nid HAIFA 03114 SDNY_GM_02761756 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248678 EFTA01332196

FORM APPROVE OMB NO. 21204042 UNITED STATES OF AMERICA It S. DEPARTMENT Of TRANSPORTATION FEDERAL 131030w ' AIRCRAFT BILL OF SALE REIHIRDED 3 Arl 7 52' AVIATION STRATKM c Do Not Write In This !Rock FOR FAA USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc THE G0IIIVEYANCE UNDERSIGNED OWNER(S) OF THE FULL LEGAL • AND BENEFICIAL TITLE OF THE AIRCRAFT DES- • CRIBED AS FOLLOWS: . UNITED STATES 2007IIIR REGISTRATION •. NUMBER N793TA 1 FEDERAL AIRCRAFT MANUFACTURER & MODEL MAIN% RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 28111 DAY OF FEB., 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 MDDLE INITIAL.) FLIGHT OPTIONS, LLC 9.375% OF 100% 26180 CURTISS-WRIGHT PARKWAY RICHMOND HTS., OH 44143 070641340232 0.00 03105/2007 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 28" OF FEB., 2007. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) OF EXECUTED FOR CO-OWNERSHIP. ALL MUST SIGN. TITLE (TYPED OR PRINTED) KITTLES FLIGHT OPS, VICE PRESIDENT. SECRETARY LLC BRUC YLE & CFO OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY- IN-FACT FOR MILES FLIGHT OPS, 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_02761757 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248679 EFTA01332197

YWOHWINO All0 VIIONV1)10 8C I kid S UHW 1002 1:18 N011te8IS103S i+V801illf YIN HUM 031;3 SDNY_GM_02761758 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248680 EFTA01332198

FORM APPREINEDE0 OMB No. 2I2D4304ga UNITED STATES STATES OF AMERICA DEPARTMENT OF TRANSPORTATION FeeMAL Air MN italeasTRAMOM-assat asOrmossey ASPIONAIRICAL CONKS AIRCRAFT REGISTRATION APPLICATION Curl CERT. ISSUE DATE VD I%) HK OCT 0.5 200b. • '" ''. UNITED STATES REGISTRATION NUMBER N 793TA AIRCRAFT MANUFACTURER • MODEL Raytheon Aircraft Company 400A AIRCRAFT SERIAL No. RK-244 FOR FAA USE ONLY TYPE OF REGISTRATION (Cheek one box) O 1. InGIVICIUIS O 2. PertrietalliP• O 3. Corporation 44. Co-owner O 5. Govt. O 8. OO1 NAME OF APPLICANT (Person(e) it indMdual. SA name, first' middle Halal.) ahown an evklanoe of ormeraftip. gNe name. mid 13.) Right Options, LLC 18.75% of 100% al (See Attachment da -l-C11 q I i D - 1O(o) TELEPHONE NUMBER: ( 7 ADDRESS (Pallwallmint mailing address lot Tel rat , 1 8g.0. tits used. physical ackdrose must also be shown.) Number wed Set 26180 Curtiss-Wright Parkway Rural Route: P.O. Bow: CITY Richmond Heights STATE OH ZIP CODE 44143 O 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 take or dishonest answer to any queston in this application may be grounds for punishment by fine and / or ImPrigOnment (U.S. Code, Tito 18, Soc. Moly ill CERTIFICATION VWE CERTIFY: (1) That the above amasft is owned by the undersigned applicant who Is a citizen IIMILbning corporations) of the United States. (For voting bust. tyro name of trustee: ) on CHECK ONE AS APPROPRIATE: a. O A resident alien. With alien registration (Form 1-151 or Form 1-551) No b. O Anon-citizen corporation organized and doing business under the laws of (slate) _ and said aircraft is based and primarily used In the United States. Records or llignt hours am available for 1n..yuctkn at (2) Thal the outran is rim registered under the laws of any foreign country; and (3) Thal legal evidence of ownership is attached or has boon Hod with the Federal Aviation Administrabon. NOTE: If executed for co-ownership all applicants must sign. Use reverso side if necessary. TYPE RINT LOW SI TURE i t- RE " la Assistant Secretary of oArc cil 1a/&O ight Options, LLC TURE James R. Dauterffan 4t( 3 DATE SIGNATURE TITRE DATE NOTE Primary receipt of Me Certificate of Alreratt Registration. the aircraft may be operated tor a period not in excess of 00 days during which time the PINK copy of Mis application must be carried in the aircraft. AC Font 8050-1 (5/03) (0052-00-628-9007) SDNY_Ca4_02 761759 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EF1'A_00248681 EFTA01332199

• VNIORV1NO ADO VW0HV1N0 £Z T bid 21 d3S 900Z NOLLYHISID3d 1.4V2JONIV VVd HIIM 03113 SDNY_GM_02761760 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248682 EFTA01332200

ATTACHMENT TO AIRCRAFT REGIST TIT4 APPLICATION 0 (0 R Reg 8: N793TA Model: Raytheon Aircraft Company 400A SNP: RK-244 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) Name of Apiacant: Southeastern Mills. Inc Owning an undivided Interest of: 12.50% of 100% Address: Shown on Original form hereto Robert Kettler 6.25% of 100% Shown on Original form hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto Kitties Flight Ops, LLC 9.375% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.125% of 100% Shown on Original form hereto Emeril Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto Signatures: Date: Assistant Secretary of Flight Options, LLC Acting as Attorney-in-Fact for et ,2,3,4,5,6,7,8,9,10.11.12 By siring above. Me applicant agrees and stipulates (1) to the terms. cendibons and certification of the AC Rem 80504 Patron Registrabon Applkatito. to ship' Its page is attached 0fte*AePlicanconl. (II) that all of the inicanslic° set folh on the Application is In:a and traced as of this date. and (III) the AppEr.atian may be executed by the co-millers by executing separate counlerpen signature pages. each of uhich when so executed end delivered shad be an original. but al such counterparts shall together constitute but one and the same application. e W W SDNY_GM_02761761 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248683 EFTA01332201

Ai/ 1 fivNo ce r viyofit,7,0 Ye Not/ MI 21 d39 gpol t:Lis/D-38 P Jim 63.nd _08n, SDNY GM 02761762 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248684 EFTA01332202

FORM APPROVED µT OMB NO. 2120.0042 ta. UNITED STATES OF AMERICA U. S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE H K 0 3 0 0 0 9 0t4 i-, RECORDED 5 Prl 1 .56 ARAL AVIATION WM° 1W5 Blatt F Do Not OR FAA In USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovc THE CONVEYANCE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . , ILIT UNITED STATES REGISTRATION FE NUMBER N793TA ADMINISTRATION AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 29TH DAY OF AUG., 2006 HEREBY SELL, GRANT. TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: K LE ct CO x K = a. 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 082551328203 65.00 00/12/2008 _ 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 29Th OF AUG., 2006. CC w -I tu (/) NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (I 4K) EXECUTED FOR CO NER HIP, AL UST SIGN.) TITLE (TYPED OR PRINTED) ANTHONY ZINGALE & ASSISTANT SECRETARY TERESA M. ZINGALE - JAMES R. DAUTERM AN OF FLIGHT onion, tic TRUSTEES ACTING AS ATTORNEY- IN-FACT FOR ANTHONY ZINGALE & TERESA M. ZINGALE-TRUSTEES ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES CF 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 SDNY_GM_02761763 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248685 EFTA01332203

Vfriolinuo mourow C2 bid 3 98 N 0 47 I 140 3 all V b' rNifl u r 2T d39 SDNY_GM_02761764 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248686 EFTA01332204

CC AUG 24 2006 MEMORANDUM TO THE FILE The copy of the release recorded as conveyance number CCO21266 on May 25, 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 1356, filed 4/20/2006, recorded 5/25/2006 as conveyance number CCO21266, which shows the certification as a true copy of the original release. SDNY_GM_02761765 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248687 EFTA01332205

1 SDNY_GM_02761766 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248688 EFTA01332206

VI0101-1V1NO Alla YHOH111)10 01. IT We ddosp .'" 1:4 going with the origore- inal lie I. traelikettrrect VrgoelLieritc9riu ce/24 .44.—d SDNY_GM_02761767 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248689 EFTA01332207

SDNY_GM_02761768 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248690 EFTA01332208

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_02761769 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248691 EFTA01332209

SONY GM 02761770 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248692 EFTA01332210

• minima VI1014trbi0 I MI 02 Ndt • 9 veKjIltU1S10311 1d14, H.LIAt 031ri I hereby certify that I compared the fore- with the original it is a hue and correct thereof. SDNY_GM_02761771 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248693 EFTA01332211

1 SDNY GM 02761772 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248694 EFTA01332212

CERTIFIED COPY. " TO BE RECORDED BY-FAA • • •;g•0:0..:?..1 . , •• FAA RELEASE • .CORVEYAAE RECORDED as 1.b01-, 0 ,4/ 25. • • Mit :25 fin 10 53 3Thepti Aircraft Credit Corporation (tbe. "Siatiret PARIej as . avimm".... .' • . ,•••*0.*# .49094#510.441.10 ,1'.:- -i 'leftWolaN .Agreementi ilfpfits iiabt, title aid iatereit in and tothe collateral xteseribid , . in the. Sectuitiligateikaanta. bilied itigYof 2006.. • . s44 toftsittif;„ • • • • •rrouittafir) Voa-141%; • • 649-.4:kty_ r • ; ' • ' SDNY_GM_02761773 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248695 EFTA01332213

SDNYGM02761774 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024%696 EFTA01332214

a tAl trt W Exhibit A Security Agreements Aircraft Inventory Security Agreement dated as of June I, 2005 between Raytheon Aircraft Credit Corporation ("RACC"), as secured party, and Flight Options. LLC ("FOLLC), as debtor, which was recorded by the FAA on June 29, 2005 as Conveyance No. DD025607, as further amended by the Amendment to the Aircraft Inventory Security Agreement dated August 19, 2005. between FtACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 20.2005 as VV021531; Aircraft Inventory Security Agreement dated as of June 8, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on June 29, 2005 as Conveyance No. 11003877, 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 21, 2005 as Conveyance No. VV021537; Aircraft Inventory Security Agreement dated as of June 10, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 21, 2005 as Conveyance No. VV021562, 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. VV021563; Aircraft Inventory Security Agreement dated as of June 16, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 22, 2005 as Conveyance No. 2006424. as further amended by the Amendment to the Aircraft Inventory Security Agreement dated August 19, 2005, between RACC, as secured party, and FOLIC, as debtor. which was recorded by the FAA on September 20, 2005 as Conveyance No. VV021527; Aircraft Inventory Security Agreement dated as of June 17, 2035 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 26, 2005 as Conveyance No. MM028138; Aircraft Inventory Security Agreement dated as of June 24, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 21, 2005 as Conveyance No. Ii1CO27548; as further amended by the Amendment to Aircraft Inventory.Security Agreement dated as of August 19, 2005 between RACC, as secured party, and FOLIC, as debtor, which was recorded by the FAA on September 20.2005 as Conveyance No..VV021528; Aircraft Inventory Security Agreement dated as of June 25, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 22, 2005 as Conveyance No. E006796; Aircraft Inventory Security Agreement dated as of June 30. 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 15, 2005 as Conveyance No. 0006516; as further amended by the Amendment to Aircraft Inventory Security Agreement 20640/ SDNY_GM_02761775 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248697 EFTA01332215

SDNYGM02761776 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_0024%69% EFTA01332216

e t-. LJ (fl dated as of August 19.2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 8, 2005 as Conveyance No. VV021481; Aircraft Inventory Security Agreement dated as of June 30. 2005. between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on January 12, 2006 as Conveyance No. VV022224; Aircraft Inventory Security Agreement dated as of July 7, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 19, 2005 as Conveyance No. E006332; Aircraft Inventory Security Agreement dated as of July 9, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on October 28, 2005 as Conveyance No. SS023538; Aircraft Inventory Security Agreement dated as of July 19, 2005. between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on August II, 2005 as Conveyance No. 7006556; Aircraft Inventory Security Agreement dated as of July 19. 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 29, 2005 as Conveyance No. PP029006; Aircraft Inventory Security Agreement dated as of July 23, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November I. 2035 as Conveyance No. VV021846; Aircraft Inventory Security Agreement dated as of July 27, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on October 14, 2005 as Conveyance No. F092733; Aircraft Inventory Security Agreement dated as of July 29, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 28, 2005 as Conveyance No. VV021986; Aircraft Inventory Security Agreement dated as of August 4, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September 22, 2005 as Conveyance No. VV021575; Aircraft Inventory Security Agreement dated as of August 12, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on September IS. 2005 as Conveyance No. VV021520; Aircraft Inventory Security Agreement dated as of August 23. 2035, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December 29. 2005 as Conveyance No. VV022131; 20640/ SDNY_GM_02761777 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248699 EFTA01332217

SDNYGM02761778 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA _00248700 EFTA01332218

(.4 Ui Ut Aircraft Inventory Security Agreement dated as of September 2, 2005, between RACC, as secured party. and FOLLC, as debtor, which was recorded by the FAA on January 3, 2006 as Conveyance No. VV022160; Aircraft Inventory Security Agreement dated as of September 4. 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 14, 2005 as Conveyance No. HH040608; Aircraft Inventory Security Agreement dated as of September 14, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 28, 2005 as Conveyance No. VV021992; Aircraft Inventory Security Agreement dated as of Septet 23, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 18, 2005 as Conveyance No. VV021967; Aircraft Inventory Security Agreement dated as of September 26, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 29, 2005 as Conveyance No. VV022002; Aircraft Inventory Security Agreement dated as of September 29. 2005. between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 8, 2005 as Conveyance No. VVO21887; Aircraft Inventory Security Agreement dated as of September 29, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 3.2005 as Conveyance No. VV021863; Aircraft Inventory Security Agreement dated as of October 7, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 3, 2005 as Conveyance No. VV021859; Aircraft Inventory Security Agreement dated as of October 03. 2005. between RACC, as secured parry, and FOLLC, as debtor, which was recorded by the FAA on December Z 2005 as Conveyance No. VV022051; Aircraft Inventory Security Agreement dated as of October 26, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November I0, 2005 as . Conveyance No. VV021913; Aircraft Inventory Security Agreement dated as of October 30, 2005. between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 10, 2006 as Conveyance No; VV021912; Aircraft Inventory Security Agreement dated as of November 4, 2005. between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on November 17, 2005 as Conveyance No. VV021939; 206401 SDNY GM 02761779 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248701 EFTA01332219

1 SDNY GM 02761780 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248702 EFTA01332220

Aircraft Inventory Security Agreement dated as of November 12, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December 5, 2005 as Conveyance No. VV022063; Aircraft Inventory Security Agreement dated as of November 14, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December 28, 2005 as Conveyance No. VV022127; Aircraft Inventory Security Agreement dated as of November 22, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on March 28, 2006 as Conveyance No. HH041507; Aircraft Inventory Security Agreement dated as of November 22, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on January 3, 2006 as Conveyance No. VV022149; Aircraft Inventory Security Agreement dated as of November 24, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on December 29, 2005 as Conveyance No. VV022130; Aircraft Inventory Security Agreement dated as of December 9, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 14, 2006 as Conveyance No. VV022477; and Aircraft Inventory Security Agreement dated as of December 23, 2005, between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on February 2, 2006 as Conveyance No. VV022428. 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"). 2064W SDNY_GM_02761781 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248703 EFTA01332221

9°( C'ell' Y41 SDNYGM02761782 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024%700. EFTA01332222

CERTIFIED COPY TO BE RECORDED BY FAA GeV- 1 5 7 FAA EASE C°Nt„In::(Alr'E g2-0° 20 2r, is PrI 1.39 Raytheon Aircraft Credit Corporation (they USiiiikefiefaNly") as in secured party under the Security Agreements des:ribMediNi‘;;:lAdefi.ned 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 KaA.c.l— , 2006. Raytheon Aircraft Credit Corporation By: Name: Andrew A. Mathews Title: President SEE RECORDED CONVEYANCE NUMBER V V014/Fue... DOC ID4 .5.414, RAG E 20640/ Dale Avaciv [run- SEE RECORDED CONVEYANCE NUMBER Jo DOC ID C..34) ',Ate SEE RECORDED CONVEYANCt NUMBER mai oa174pj DOC ID,:a±2.PAGE_I a SDNY_GM_02761783 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248705 EFTA01332223

SDNY_GM_02761784 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248706 EFTA01332224

cei 00 Exhibit A Security Agreements 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 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 IS, 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 FOLIC, 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. T076690; 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. KK034949; 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. HI-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. HH039223; 20640i SDNY_GM_02761785 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248707 EFTA01332225

SDNY GM 02761786 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248708 EFTA01332226

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 18, 2005 as Conveyance No.11377264; 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 I8. 2005 between RACC. as secured party, and FOLLC, as debtor, which was recorded by the FAA on July 22, 2005 as Conveyance No. Z006423; 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. RR03O454; 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. MM02742 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. YY04O080, 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. KIC035074; 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 11, 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. FIF1039251, 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_02761787 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248709 EFTA01332227

SDNYGM02761788 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA Q{)248710 EFTA01332228

O H ra Ul 0 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 15, 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 I, 2005 between RACC, as secured party, and FOLLC, as debtor, which was recorded by the FAA on May 4, 2005 as Conveyance No. YY040 ISO; 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. V V021131; 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. 1-111039708, as further amended by the Amendment to the Aircraft Inventory Security Agreement 20640/ SDNYGM02761789 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248711 EFTA01332229

SDNY_GM_02761790 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002487 I 2 EFTA01332230

dated August 19, 2005, between RACC, as secured party, and FOLLC, is debtor, which was recorded by the FAA on Septembei26, 2005 is Conveyance No. VV021591; • Aircraft Inventory Security Agreement dated as of May 13, 2005 between RACC, as secured paity,ind FOLLC,'ai debtor, which ivis 'recanted by the FAA on June 16, 2005 as Conveyance No. SS022777, as further amended by :ihe • Aniabdment to the Aircraft Inventory Security Agreement dated' August :19:- 2005,1betweeriliACC; as secured party, and FOLLC, as debtor, whiclfwas monied by the FAA on September .15, 2005 as Conveyance No. VV121523; 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. R066884, 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 fsrt yiliso Sod srif bsisritnoo • Isnigho et ritiw ._,Jornos bns sof s ai, WOW, . ".ToSrlt 7t-•<?c„,, • . . rri' • i 1", Wiriii:MY11); 3 rret via 1 2 40 AyirlubS eidir it r*. 124 caso&AEC1.410t.,..y 0-ct , Pak. 're SDNY_GM_02761791 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248713 EFTA01332231

cr' .5oo-z.1.9z. /i „X) SDNY_GM_02761792 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248714 EFTA01332232

FAA PARTIAL RELEASE vv022205 CONVEYANCE RECORDED ?ON JIIN11 P19 2 07 Raytheon Aircraft Credit Corporation (the "SecureirlirivtaviRtioN secured party under the Security Agreement described anneltitIMARION Exhibit A- attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Released Aircraft Interest described and defined on Exhibit A attached hereto. As to all collateral covered by the Security Agreement except the Released Aircraft Interest, the Security Agreement shall remain in full force and effect. Dated this day of ,iciuni,i-er, 2005. Raytheon Aircraft Credit Corporation By: 0.6F(2-- Andrew . Mathews Title: President 2064W 12 r. SDNY_GM_02761793 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002487 15 EFTA01332233

se Li 0 NOLL d 330 SO, v ism;18 elvilriv SDNY GM 02761794 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248716 EFTA01332234

Exhibit A FAA Partial Release Security Agreement Aircraft Inventory Security Agreement dated as of January 28, 2005 between Rlytheott 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 February 22, 2005 as Conveyance No. MM027421 (collectively the "Security Agreement"). Released Aircraft Interest Three and one-eighth percent (3.125%) undivided interest (representing the undivided interest conveyed to Air Leader, Inc.) in and to the Aircraft defined below (the "Released Aircraft Interest"). Aircraft One (1) Raytheon Aircraft Company model 400A aircraft bearing manufacturer's serial number RIC-244 and United States Registration Number N793TA, together with two (2) Pratt & Whitney Canada model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE- JA0256 and PCE-JA0257 (collectively the "Aircraft"). The engines described above are in excess of 750 rated takeoff horsepower. 20640 SDNY_GM_02761795 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248717 EFTA01332235

A171404 v 7 lit1e 9 )10 "NO 82 C (1 62 330 g0, j NI Mt ojcljtt v SDNY GM 02761796 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002487 I 8 EFTA01332236

FORM APPROVEDM OMB No. 2120.01:Mfa UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION Fgt./int avicrottis Pa En/ ADNeelMatalOielieliall0101011•Ce antOnaunsAL cents ..:.., / --S-- AIRCRAFT REGISTRATION APPLICATION CERT. ISSUE DATE CO UNITED STATES REGISTRATION NUMBER N 793TA -.4 AIRCRAFT MANUFACTURER a MOOEL Raythonn Airrraft Cnnpany 4011k ati 0 5 2itisti AIRCRAFT SERIAL NO. RK - 244 FOR FAA USE ONLY TYPE OF REGISTRATION (Chock one bat) 0 1. Individual 0 - 2. Pertnerehlp 0 3. Corporation 0x4. Co-owner Q 5. Govt. 0 8. alotin NAME. OF APPLICANT (Person(*) Shaven On evidence of ownership. If Individual. ONE Iasi name. fast name. end Middle Initial.) 14.) Flight Options, LLC 12.50% of 100% III See Attachment TELEPHONE NUMBER: ( ) ADDRESS (Permanent ale'— ter Nat(d.)(If P.O. BO is Med. address must also be shown.) meant) physical piit. ightoptions, LLC Number and street 26180 Curtiss-Wright PArkway Rural Route: P.O. Bet: CITY - Richmond Heights STATE OH ZIP CODE 44143 0 CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Read the following statement before signing th is application. This portion MUST be Completed. A hese or dishonest answer to any question in this application may be grounds for punishment by Imo and / or imconsonment N.S. Code. Title 10. Sec. 1001). 411 CERTIFICATION VWE CERTIFY. (I) That the above taitraft is owned by the undersigned appicant. who u. a citizen (including oorporsmons) of the Unflocl States. (Foe voting trust. give name of trUStee: ) or: _ . .____. _ CHECK ONE AS APPROPRIATE: U A resident alien, with alien registration (Form 1-151 or Form 1.551) No. a. ___ b. O A non-efts/1 my:mason organized and Otani) business under the laws Of (state) and said ai rcraft Is Steed and primarily used In the United States. Records or eight hours are available for Inspection at_. laws foreign (2) That the aircraft is not registered under the of any county. and (3) That loge) avidanCe ei ownership n attached or has been find with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants must Sign. Use reverse Side if neoossary. TYPE INT NAM a SIGNATURE gli IONATURE TITLE Assistant Secretary o"ArE • • t Options, LLC 10?-gq-og t 2 9 r TURE James R. Dautetmen TITLE DATE SIGNATURE TITLE DATE NOTE Pending noose* et ma Cart/Scale Or Akcraft ReetebStiOn• 010 Dacron may be operated for a petted not in inane ON 00 days. during which sma the PINK Copy of this application must be carried in the *Nadi. • ' ci :i f • AC Form 8050-1 (5/03) (0052-00-203-9007) • SDNY_GM_02761797 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EF1'A_00248719 EFTA01332237

V1-10/iV 1 MO A11O V1-404V1 )1O B2 C Wil 62 an S0. as Noll SI liVaO2//- V V.4 HIIM anitht. SDNY_GM_02761798 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248720 EFTA01332238

ATTACHMENT TO AIRCRAFT REGISTRATION APPLICATION Reg ft N793TA Model: Raytheon Alittaft Company 400A RK-244 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) Name of Applicant: Southeastern Mills, Inc. Owning an undivided Interest of: 12.50% of 100% Address: Shown on Original form hereto Anthony Zingale & Teresa M. Zingale - Trustees 6.25% of 100% Shown on Original form hereto Robert Kettle, 6.25% of 100% Shown on Original form hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto . Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto Kitties Flight Ops, LLC 9.375% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.125% of 100% Shown on Original form hereto Emeril Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto Signatures: Title: Date: ames Assistant Secretary of Flight Options, LLC Acting as Attorney-In-Fact for 1,2,3,4,5.6,7,8.9.10.11.12,13 IR-A4-05 By signing above, the apptcant agrees and stipulates (I) to the terms. conditions end certification of the AC Fenn W50-I Aircraft Registration Application, to Mach this page iS attached (the 'frarAcation'). (II) that or the informants) set forth on the ApplicalS is true and aorta as of this date. and (III) the APPIcatan may be executed by the co-o—ca by executing separate counterpart Signature pages each of with anal seexecuted and delivered she' be en original. but al rash counterparts shall together constitute but ore and the same Doration. to IN) (4 qD SDNY_GM_02761799 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248721 EFTA01332239

A ;" ?No " 7Yo 9° C Ida 6, 2C6 .4°11 V 330 So. Pt/dill/Ai 3 • )8 0,2,., i jzilt, SDNY_GM_02761800 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248722 EFTA01332240

OMB NO. 2120-0042 UNITED STATES OF AMERICA U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION 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: e ra FORM APPROVED (4 V V 0 2 2 1 7 8 CO CONVEYANCE RECORDED 2i26 JI04 S All 8 07 UNITED STATES REGISTRATION NUMBER N 793TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 13TH DAY OF DEC., 2005 HEREBY SELL. GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: FEDERAL AVIATION ADMINISTRATION Do Not Write In TMs Block FOR FAA USE ONLY NAME AND ADDRESS (IF INDIVIDUAL (5). GIVE LAST :MAE. FIRST NAME. AND MIDDLE INITIAL ) AIR LEADER, INC. 26180 CURTISS-WRIGHT PARKWAY RICIIMOND HEIGHTS, OH 44143 3.125% OF 100% 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 131" DAY OF DEC., 2005. NAME (S) OF SELLER (TYPED OR PRINTED) FLIGHT OPTIONS, LLC SIGN RE (S) (IN INK) UTED FOR L MUST TITLE (TYPED OR PRINTED) ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR VAUDITY OF THE INSTRUMENT.) ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629.0003) Supersedes Previous Edition 9:07.4:F AC C0'S5 9F/5930a3) SDNY_GM_02761801 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248723 EFTA01332241

4414/1Pti,f, v 1)10 C 6.8 ffo "i 6?1 p, 0 Vd1. .1.;- iel„ -44 41 0,1717tv SDNY_GM_02761802 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248724 EFTA01332242

FORM APPROVED OMB NO. 2120-0042 V v022177 CONVEYANCE RECORDED 08 JAN 5 RN8 01 FEDERAL AVIATION ADMINISTRATION Write In F Do Na OR FAA USE This Mock E ONLY la co M w uzi m UNITED STATES OF AMERICA U. S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION 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: 2 UNITED STATES REGISTRATION NUMBER N 793TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 23RD DAY OF SEPT., 2005 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: re iu cc u) U W D a NAME AND ADDRESS (IF INDIVIDUAL (S). GIVE LAST NAME, FIRST NAME. AND MIDDLE INITIAL.) EMER1L AIR, LLC 6.25% OF 100% 26180 CURTISS-WRIGFIT PARKWAY RICHMOND HEIGHTS, 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 23Iw DAY OF SEPT., 2005. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN I (IF CUTED F R ERSHI , ALL M SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC ASSISTANT JAMES R. DAUTERMAN SECRETARY ' 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 EditionA .• ' ..• SDNY_GM_02761803 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248725 EFTA01332243

4, 113 ,Hoeyv riintiv.40 tio lie ol 030 ti p ao- HAIM djicipiv SDNYGM02761804 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248726 EFTA01332244

ca v v 0 2 1 9 8 9 CONVEYANCE RECORDED FAA PARTIAL RELEASE NOS NOU 28 API 8 26 Raytheon Aircraft Credit Corporation (the "SecutfilitEPattyMMISON secured party under the Security Agreement described aiiirgei WrielcinegN Exhibit A attached hereto, hereby releases from the terms of the Security Agreement all of its right, title and interest in and to the Released Aircraft Interest described and defined on Exhibit A attached hereto. As to all collateral covered by the Security Agreement except the Released Aircraft Interest, the Security Agreement shall remain in full force and effect. Dated this r day of C)tinVED A , 2005. Raytheon Aircraft Credit Corporation By: Andrew A. Mathews Title: President 20640 SDNY_GM_02761805 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248727 EFTA01332245

V1101O1)10 V11014V1N0 911 OT Wd 9 DO SOU 16 ii0:08.1.S1338 1.7:VIJ0MY YY3 BIIM 03113 GM 02761806 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, Y15, and 17 EFTA_002 48728 EFTA01332246

Exhibit A FAA Partial Release Security Agreement Aircraft Inventory Security Agreement dated as of January 38, 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 February 22, 2005 as Conveyance No. MM027421 (collectively the "Security Agreement"). Released Aircraft Interest Six and one-fourth percent (6.25%) undivided interest (representing the undivided interest conveyed to Emeril Legasse) in and to the Aircraft defined below (the "Released Aircraft Interest"). Aircraft One (I) Raytheon Aircraft Company model 400A aircraft bearing manufacturer's serial number RK-244 and United States Registration Number N793TA, together with two (2) Pratt & Whitney Canada model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE- JA0256 and PCE-JA0257 20640 SDNY_GM_02761807 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248729 EFTA01332247

VIIOHY1NO All0 V1101471)10 91, OE LAU 9 130 SE t4011.1%,1810311 13V8OSIV VVJ KIM 03114 SDNY_GM_02761808 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248730 EFTA01332248

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION v. SEE CONVEYANCE. NO FILING DATE CROSS-REFERENCE-RECORDATION This form is to be used in cases where a conveyance covers several aircraft and engines, propellers, or locations. File original of this form with the recorded conveyance and a copy in each &naafi folder involved. TYPE OF CONVEYANCE Aircraft Inventory Security Agreement DATE EXECUTED 7-29-2005 FROM Flight Options LLC DOCUMENT NO. \ IV o o 1 426 TO OR ASSIGNED TO Raytheon Aircraft Credit Cap DATE. RECORDED 1 i .... a8-OS 111E FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE: AIRCRAFT (list by registration nuniser) I TOTAL NIRARER INVOLVED II N254CW N288CW N427CW N731TA N802TA N491CW N471CW N793TAI N826CW N789TA N720TA Engines: Williams-Rolls F144-IA 1320 1321 " 1445 1446 - NSW Canada JTI5D-5 PCE..100233 PCE-100244 PCE-JA0316 PCE-3A0317 P-100360 P-100361 PCE-1A0089 PCS-110091 PCE-JA0256 PCE-JA0257 PCE-JA0308 PCE-JA0307 Honeywell Intl TFE731.5BR P-107448 P-I07449 TFE731-5R P-91105 P-91152 P-107215 P-107214 ENGINES I TOTA I NI11.414FR InvOLVFn 22 MAKE(S) See Above SERIAL NO. See Above _ PROPFI I FRC I TOTAI NIIIARFR INVOLVFX1 MAKE(S) SERIAL NO. SPARE PARTS -LOCATIONS I TfITAI NIIIARER MVO! VETS LOCATION RECORDED CONVEYANCE FILED IN: N254CW, serial 525.0154, Cessna 525 AC RM 8050-23 HAM (0052-00482-6000) SDNY_GM_02761809 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_0024873 I EFTA01332249

SDNY GM 02761810 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248732 EFTA01332250

FORM APPROVED OMB No. 21204Z/412 tea UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION anew. away :1., 0asrstrtnota-inice NOOMMIEV aznowitsncaL cairns AlFtRAFT REGISTRATION APPLICATION 'so) ggp CERT. ISSUE OAT&J UNITED STATES REGISTRATION NUMBER PI 793TA AIRCRAFT MANUFACTURER & MODEL Raytheon Aircraft Company 400A J} SEP 1 3 2005 AIRCRAFT SERIAL No. RK-244 FOR FAA USE ONLY TYPE OF REGISTRATION (Chock one bat) 0 1. Individual 0 2. PartnershIP 0 3. CorporatIon al 4. Co-owner 0 S. Govt. 0 8. 14pnCitina If lest as Initial.) NAME OF APPLICANT (Person(*) Sown on MONK* Of CeMership. indideod, give name, name, end middle el -12.) Flight Options, LLC 21.875% of 100% See Attachment TELEPHONE NUMBER: ( ) ADDRESS (Permanent welling address for first *Paean' INNS) Flight Options, LLC Number and street 26180 Curtisa—Wright Parkway Rural Route: P.O. Box: CITY Richmond Heights STATE OH ZIP CODE 44143 . . 0 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 tame a dishonest answer to any quostion in this applIcation may be grounds for punishment by fine and / or imprisonment (U.S. Coda. Title 18, Soc. 1001). all CERTIFICATION VWE CERTIFY: (1) That the above aircraft is owned by the undersigned riPPlicont who is a citizen (including corPorahons) of the United States. (For voting Matt, give name of trustee: . ) Or CHECK ONE AS APPROPRIATE: a. CI A resident alien, with aeon registration (Form 1-151 or Form 1.551) No. _ _ b. 0 Anon -citizen corporation organized and doing business under the laws a (state) and said aircraft Is based and primarily used In the United States. Records or nom hours aro available for Inspection at __-- (2) That the aircraft is not registoms under the laws of arty foreign country: and (3) That legal evidence of Ownership Is attached or has boon feed with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants - must sign. Use reverse side it necessary. TYP OR PINT BELOW SIG TURE D , e SIG TURE TITLE Assistant Secretarra€ ight Options, LL"'N-acit-O‹ z k G James R. Dau erman TITLE t0--. It DATE SIGNATURE TITLE DATE NOTE Pending receipt of the Certificate of Parc:raft Registration, the aircraft may be operated for a period not in excess of 90 clays. during wtdch time the PINK copy of this application Must be carried In the aircraft. AC Form 80SO-1 (12/90) (006240-628-9007) Supersedes Previous Edition SDNY_GM_02761811 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EF1'A_00248733 EFTA01332251

1 VINOHV -Di0 A.LIO VW0HV-INO 1-1S OT WU 6Z -Tr SOOZ NOI1V8ISI038 .I.JV)JOUIV ‘/Y3 HIIM 03113 SDNY_GM_02761812 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248734 EFTA01332252

ATTACHMENT TO AIRCRAFT REGISTRATION APPLICATION *err e d elsaCtrog 1.) 2.) 3.) 4.) " 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) Reg d: Model: SINN: Name of Applicant: Southeastern Mills, Inc. N793TA Address: Shown on Original form hereto Raytheon Aircraft Company 400A RK-244 Owning an undivided Interest of: 12.50% of 100% Anthony Zingale & Teresa M. Zingale Trustees 6.25% of 100% Shown on Original form hereto Robert Kehler 6.25% of 100% Shown on Original form hereto SamalrOnc. 6.25% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services, LLC 12.50% of 100% Shown on Original form hereto Kitties Flight Opt LLC 9.375% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis. Jr. 3.125% of 100% Shown on Original form hereto Signatures: Title: Date: ulerman Assistant Secretary of Flight Options, LLC Acting as Attorney-in-Fact for .3,4,5,6,7.8,9,10.11 By signing above, the appreant agrees and stipulates (I) to the terms, cora:Mk:en and cerarcaton of the AC Form 15050.1 ABUJA Registration Apple/Mow *0 which (Ns page Is attached (the "Applicatiari), (II) that al of the iriormation set teeth on the Application is Wm and oared 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 as such couMerparts shall together constitute but one and the same application co SDNY_GM_02761813 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248735 EFTA01332253

V WOHV1)10 All3 VW091/1)10 FIS OT WU 62 1111' SDP 89 14011V8ISI038 131/808iv VYJ H1114 03113 SDNY_GM_02761814 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248736 EFTA01332254

I I ci O va FORM A4P2PROVED ta - UNITED STATES OF AMERICA U. S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION AIRCRAFT BILL OF SALE .../ al EC0RDED t i 4395 Do Not Write In This Block FOR FAA USE ONLY FOR AND IN CONSIDERATION OF $1.00 ovaINEETANCE-F UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFTinu 13 Ari CRIBED AS FOLLOWS: UNITED STATES FEDERAL AVIATION REGISTRATION ADMINISTRATION NUMBER N 793TA AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 25TH DAY OF JULY, 2005 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 NAiii, AND MIDDLE INITIAL.) FLIGHT OPTIONS, LLC '3.125% 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 25Th OF JULY, 2005. • SELLER NAME (S) OF SELLER (TYPED OR PRINTED) S NATURE (S) (IN IF EXEC 0 FOR COA SHIP, MUST SIGN. TITLE (TYPED OR PRINTED) RONALD A. ELENBAAS ASSISTANT SECRETARY JAMES R. DAUTERMAN OF FLIGHT OPTIONS, LLC ACTING AS ATTORNEY- IN-FACT FOR RONALD A. ELENBAAS ACKNOWLEDGEMENT (NOT REWIRED 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 9R/do ons SDNY_GM_02761815 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248737 EFTA01332255

VWOHVI)I0 ADO VWOHV1U0 hS or UV 62 lir Sap 88 IYOuVUISIO38 Y"Hil l P3113 SDNY_GM_02761816 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248738 EFTA01332256

0 0 S FAA PARTIAL RELEARINV VANCE RECORDED e Raytheon Aircraft Credit Corporation (tne "Secured .ParK) as secured party under fife Security Agreement descrtiwidio5dRitliffitd on VAS SE? 13 RN 6 45 Exhibit A attached hereto, hereby releases from the FEDERAL t e s i 4f 'tnheSecurity Agreement all of its right, title and interest in and to the Released Aircraft Interest described and defined on Exhibit A attached hereto. As to all collateral covered by the Security Agreement except the Released Aircraft Interest, the Security Agreement shall remain in full force and effect. Dated this rj day of , 2005. Raytheon Aircraft Credit Corporation By: Andrew Mathews Title: President NSUEEMBREERCORDED CONVEYANCE Doe Ira PAGE I 20640 SDNY_GM_02761817 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248739 EFTA01332257

VHOHEINO A110 VHOHV1NO S2 ItWU 62 inr see be NOIMILS1038 .1.1Oi3;;;V- VVI HUM 03113 SDNY GM 02761818 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248740 EFTA01332258

v - • Exhibit A FAA Partial Release Security Agreement Supplemental Aircraft Inventory Security Agreement dated as of June P., 2003 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), recorded by the FAA on July 17, 2003, as Conveyance Number S122733; further secured by the Supplemental Aircraft Security Agreement dated January 28, 2005 between Raytheon Aircraft Credit Corporation, as secured party, and Flight Options, LLC, as debtor, recorded by the FAA on February 22, 2005 as Conveyance No. MM027421 (collectively the "Security Agreement"). Released Aircraft Interest Six and one-fourth percent (6.25%) undivided interest (representing the undivided interest conveyed Flight Options, LLC) in and to the Aircraft defined below (the "Released Aircraft Interest"). Aircraft One (I) Raytheon Aircraft Company model 400A aircraft bearing • manufacturer's serial number RK-244 and United States Registration Number N793TA, together with two (2) Pratt & Whitney Canada, LTD. model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE- JA0256 and PCE-JA0257. The engines described above are in excess of 750 rated takeoff horsepower. 20640 SDNY_GM_02761819 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00248741 EFTA01332259

VWOHVl10 XiI9 VYlOHV1'4 SZ TT Liti 62 lnr 118 14011.11:11S1338 VVJ 'rill:a 031.., SDNY GM 02761820 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248742 EFTA01332260

FORM APPROVED a) OkIM No. 212O00.21s 'UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION yawn. ottoman Amoseturnomaz tramoomv AIONMAISTICAL P....3 e COMM a - AIRCRAFT REGISTRATION APPLICATION CERT. ISSUE DATE CO a UNITED STATES ;Smoisraarion NUMBER Si 793TA Le.1 AIRCRAFT MANUFACTURE-Ft & MODEL Raytheon Aircraft Company 400A MC JUL t.$ 2005 AIRCRAFT SERIAL No. RK -244 FOR FAA USE ONLY TYPE OF REGISTRATION (Cheek one bar) O 1. IntINktual 0 2. PannereNp 0 3. C0IG0SIGOSI Ca 4. Co-owner 0 5. Genet 0 8. 1sCitizen NAME OF APPLICANT (Persertnn Omen on enamors If inawklual. ere IS name. first name. erWAS• SSW.) of ownership end 0 13.) Flight Options, LLC 18.75% of 100% (lee Attachment 4443_4(tCk S -LS-; TELE/PIC/NE NUMBER:( ) ADDRESS (Permanent means address kw bet eppltrant Mied.)(1 P.O. SOX is used. physical address must oleo be shown.) Flight Options, LLC Number and Partway street 26180 Curtioc-Wright Rand Route: P.O. Oa: CITY Richmond Heights STARE OH ZIP CODE 44143 0 CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTEPMONI Rood the following statement before signing this application. This portion MUST be completed. A Mae or dishonest answer to any question In pis appocation may be groans tor punishment by One end / or Imprisonment (U.S. Code. Tee IS. Seo. 1001). III CERTIFICATION (I) That the slave aircraft is owned by the undersigned aPPIK*01: who Is a citizen 0nduan0 oofForstrals) of the United Sta. (For voting trust. MM nem* of buster I or. CHECK ONE AS APPROPRIATE: A O A resident alien. with exert registration (Form 1.151 or Fenn 1-551) No. b. 0 A nonaten baebbealOn apanized and doinp business under the isrm of Hate/ and sold nal is based and prIntatly used in Ow United Stales. Records or NOM hours are available for inepsetIon et (2) That the aircraft is not registered under the awe of any foreign country: and (3) That legal evidence Of Ownership la winched or has been Ned MTh the Federal AvIallon Adminlarabon. NOTE: It executed for co-ovmershIp aM applicants must sign. Use reverse side If necessary. TYPE OR P NAME BEL S 'NATURE PIZ SIG RE Assistant Sedretarymm options, LLC 1-3.41.05 — a ores R. Dauterman TITLE 5 DATE lit SIGNATURE . _. ..... . TITLE DATE a Andel Regiesitifon. may be for a not In ease of 90 NOTE Pending neSest ed the Ceallione the ..craft operated Period days. during Mat time the Pim Cabe aerie aPPIIOMOn mil Im mined in the Milan- AC Fenn 8050.1 (5/03) ( 1052-00-628-9007) SDNY_GM_02761821 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248743 EFTA01332261

• • VNIOHV-INO Alto VINOHV1NO 9Z cWd 61 hUW S002 as NOlivaist031:(1.4NIAJS*V NIVA H11M 9, 4114., SDNY_GM_02761822 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248744 EFTA01332262

cro e1 ATTACHMENT TO AIRCRAFT RESIST TION APPLICATION 51ci 4:5 Reg #: N793TA Model: Raytheon Aircraft Company 4O0A &N#: RK-244 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) Name of Applicant: Southeastern Mills, Inc. Owning an undivided Interest of: 12.50% of 100% Address: Shawn on Original form hereto Anthony Zingale 13. Teresa M. Zingale - Trustees 6.25% of 100% Shown on Original form hereto Robert Kehler 6.25% of 100% Shown on Original form hereto Samair, Inc. 6.25% of 100% Shown on Original form hereto Ronald A. Elenbaas 3.125% of 100% Shown on Original form hereto Ascent II, LLC 3.125% of 100% Shown on Original form hereto Prime Time Associates, LLC 625% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto RAF Real Estate Services. LLC 12.50% of 100% Shown on Original form hereto Kitties Flight Ops. LLC 9.375% of 100% Shown on Original form hereto %MPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.125% of 100% Shown on Original form hereto Signatures: Title: Date: Merman Assistant Secretary of Flight Options, LLC gas Attorney-in-Fact for 1,2,3,4,5,6,7,8,9,10,11.12 cs- By sunup above, the applicant agrees and stipulates (I) to the terms, conditions and cortincanon of the AC Form 0050-1 Aircraft Registralien Appfcetion, to which this page is studied (the "Appricationl, BB that all of the irdcanallon set forth on the App Gabon is true and holed as d gds dale. and the hlarecation may be executed by the co-owners by executing separate multipart signature pages, each of Mich Mien so executed and delivered shall be an original, but all such counterparts Mai together constitute but one and the same amtlicalion, SDNY_GM_02761823 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248745 EFTA01332263

VW0HV1NO A110 VH01O1)10 92 £ bid 61 AN SOO/ 438 NO03,01510311 liatiniv YY$ Hum 0311i SDNY_GM_02761824 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00248746 EFTA01332264