(c) The Mortgagee, to the extent permitted by law, may from time to time adjourn any sale under paragraph (a)(i) above by announcement at the time and place appointed for such sale or for any adjournment thereof; and without further notice or publication, such sale be made at the time and place to which the same shall have been so adjourned. (d) Upon the completion of any sale under paragraph (a)(i) above, full title and right of possession to the Mortgage Collateral, including the Aircraft so sold shall (subject to any retention of title by the Mortgagee as part of the terms of such sale) pass to the accepted purchaser forthwith upon the completion of such sale, and the Grantor shall deliver, in accordance with the instructions of the Mortgagee (including flying any Aircraft or causing the same to be flown to such airports in the continental United States as the Mortgagee may specify), such Mortgage Collateral so sold. If the Grantor shall for any reason fail to deliver such Mortgage Collateral, the Mortgagee shall have all of the rights granted by subsection 6.2 hereof. The Mortgagee is hereby irrevocably appointed the true and lawful attorney of the Grantor, in its name and stead, to make all necessary conveyances of any Mortgage Collateral so sold. Nevertheless, if so requested by the Mortgagee or by any purchaser, the Grantor shall confine any such sale or conveyance by executing and delivering all proper instruments of conveyance or releases as may be designated in any such request. 6.4 Waiver of Appraisement, etc. The Grantor agrees, to the fullest extent that it lawfully may, that it will not (and hereby irrevocably waives its right to) at any time plead, or claim the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium or redemption law now or hereafter in force, in order to prevent or hinder the enforcement of this Mortgage or the absolute sale of the Mortgage Collateral. 6.5 Remedies Cumulative. No remedy herein conferred upon the Mortgagee is intended to be exclusive of any other remedy, but every such remedy shall be cumulative and shall be in addition to every other remedy herein conferred or now or hereafter existing in law. 6.6 Application of Proceeds. If an Event of Default shall have occurred and be continuing, the proceeds of any sale, lease or other disposition of all or any part of the Mortgage Collateral pursuant to this Mortgage and all other sums realized or held by the Mortgagee under this Mortgage or any proceedings hereunder shall be applied in accordance with the terms of the Credit and Security Agreement. 6.7 Delay or Omission; Possession of Loan Certificates. (a) No delay or omission of the Mortgagee to exercise any right or remedy arising upon the happening of any Default or Event of Default shall impair any right or remedy or shall be construed to be a waiver of any such Default or Event of Default or an acquiescence therein; and every right and remedy given to the Mortgagee by this Section 6, the Loan Documents or by applicable law may be exercised from time to time and as often as may be deemed expedient by the Mortgagee. (b) All rights of action under this Mortgage may be enforced by the Mortgagee without the possession of the Notes or any other instrument or document evidencing any obligation or the production thereof in any proceeding. - 12 - CHI59 5086130.S.C664974972 SDNY_Givl_02755649 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242571 EFTA01327687

I SDNY_GM_02755650 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242572 EFTA01327688

6.8 Mortgagee's Right to Perform for the Grantor. From and after the occurrence and continuance of an Event of Default, if the Grantor fails to perform or comply with any of its agreements contained herein, the Mortgagee may perform or comply with such agreement, and the amount of the reasonable out-of-pocket costs and expenses incurred in connection with the performance or compliance with such agreement (together With interest thereon at the Default Rate) shall be payable by the Grantor to the Mortgagee on demand and shall be secured by the lien and security interest of this Mortgage. 6.9 Deregistration. If an Event of Default under the Credit and Security Agreement shall occur and be continuing, the Mortgagee may, without being responsible for loss or damage, except to tho extent caused by the gross negligence or willful misconduct of the Mortgagee, procure the deregistration of the registration of the Aircraft and export the Aircraft to a jurisdiction of the Mortgagee's choice pursuant to the IDERA and as authorized by the Cape Town Convention. The Grantor agrees to pay to the Mortgagee, upon demand, all reasonable out-of-pocket expenses incurred in taking any such action, including reasonable attorney fees; and all such expenses and fees shall constitute Obligations and, until paid, be secured by the lien and security interest of this Mortgage. At the request of the Mortgagee, the Grantor will execute and deliver an IDERA to the Mortgagee to be filed with the FAA. 6.10 Speedy Relief Remedies. If an Event of Default under the Credit and Security Agreement shall occur and be continuing, the Mortgagee may, pending final determination of its claim in any court proceeding, obtain speedy relief in the form of on order providing for (i) preservation of the Mortgage Collateral and its value; (ii) possession, control or custody of the Mortgage Collateral; (iii) immobilization of the Mortgage Collateral; (iv) lease or, except where covered by sub-paragraphs (i) to (iii) of this subsection 6.10, management of the Mortgage Collateral and the income therefrom, and (v) sale and application of proceeds therefrom. SECTION 7 MISCELLANEOUS PROVISIONS 7.1 Amendments. etc. No amendment or waiver of any provision of this Mortgage, nor consent to any departure by the Grantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Mortgagee and the Grantor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 7.2 indemnification. The Grantor agrees (a) to pay or reimburse the Mortgagee for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Mortgage and any other documents prepared in connection herewith, and the consummation of the transactions contemplated hereby and thereby, (b) to pay or reimburse the Mortgagee for all its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Mortgage and any such other documents, including, without limitation, the fees and disbursements of counsel to the Mortgagee, (c) to pay, indemnify, and to hold the Mortgagee harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the execution and delivery of, or consummation of - 13 - Clit99 SO16130.5.066497.0072 SDNY_GM_02755651 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242573 EFTA01327689

SDNY_GM_02755652 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242574 EFTA01327690

any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Mortgage and any such other documents, and (d) to pay, indemnify, and hold the Mortgagee and each Lender harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Mortgage and any such other documents (all the foregoing, collectively, the indemnified Liabilities"), provided that the Grantor shall have no obligation hereunder with respect to Indemnified Liabilities arising from the gross negligence or willful misconduct of the Mortgagee. The agreements in this subsection 7.2 shall survive termination of the Credit and Security Agreement and satisfaction of the Obligations thereunder. 7.3 Reserved. 7.4 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing or by facsimile and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or four (4) business days after being deposited in the United States mail, certified or registered mail postage prepaid, or one (I) business day after being deposited with an overnight courier of national reputation, or upon receipt of confirmation of successful transmission with respect to any notice • or communication sent via facsimile, to the addresses set forth in the Credit and Security Agreement. 7.5 continuing Lien and Security Interest Transfer: Release of Mortgage Collateral; Termination of Mortgage. (a) In addition to the other. Security Documents, this Mortgage shall create a continuing lien and security interest in the Mortgage Collateral and shall (i) remain in fLll force and effect until payment and performance in full of all of the Obligations, (ii) be binding upon the Grantor, its successors and assigns, and (iii) inure to the benefit of the Mortgagee, and its successors, transferees and assigns. (b) Upon the indefeasible payment and performance in full of all of the Obligations, the lien and security interest granted hereby and in the Security Documents shall terminate. Upon any such termination, the Mortgagee will, at the Grantor's expense, execute and deliver an appropriate instrument evidencing such termination of this Mortgage. 7.6 Governing Law. (a) THIS AGREEMENT AND THE ANCILLARY AGREEMENTS SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. (b) THE PARTIES HEREBY CONSENT AND AGREE THAT THE STATE OR FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY - 14 - CHI99 5016 1304.066497.0072 SDNY_GM_02755653 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242575 EFTA01327691

SDNY_GM_02755654 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242576 EFTA01327692

CLAIMS OR DISPUTES BETWEEN GRANTOR. ON THE ONE HAND, AND MORTGAGEE, ON THE OTHER HAND, PERTAINING TO THIS AGREEMENT OR TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT; PROVIDED, THAT MORTGAGEE AND GRANTOR ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK; AND FURTHER PROVIDED, * THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE MORTGAGEE FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT THE OBLIGATIONS, TO REALIZE ON THE MORTGAGE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF MORTGAGEE. THE PARTIES EXPRESSLY SUBMIT AND CONSENT IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH OF THE PARTIES HEREBY WAIVES ANY OBJECTION THAT IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS. (c) THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN MORTGAGEE AND GRANTOR ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR THE TRANSACTIONS RELATED HERETO OR THERETO. (d) THIS AGREEMENT SHALL BE DEEMED DELIVERED IN THE STATE OF NEW YORK FOR PURPOSES OF TITLE 49 U.S.C. § 44108 OF THE ACT. 7.7 Severability. The invalidity of any one or more of the provisions of this Mortgage shall not affect the remaining provisions of this Mortgage should any one or more provisions of this Mortgage be held by any court of law to be invalid; nor should any such court holding operate to render this Mortgage invalid or to impair Mortgagee's lien and security interest in any of the Mortgage Collateral, as this Mortgage shall be construed as if such invalid provisions had not been contained herein. (Balance of Page Intentionally Left Blank. Signature Page Follows. I - 15 - CM9950.6130-1068497.6372 SDNY_GM_02755655 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242577 EFTA01327693

SDNY_GM_02755656 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242578 EFTA01327694

IN WITNESS WEREOF, the Grantor has caused this Mortgage to be duly executed and delivered as of the day and year first above written. FLIGHT OPTIONS, LLC By: -r-------- --- Name: Edward T. McDonald Title: Vice President of Whole Aircraft Sales & Acquisitions FO FINANCING, LLC By: Name: Bret Wiener Title: Vice President SDNY_GM_02755657 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242579 EFTA01327695

SDNY_GM_02755658 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242550 EFTA01327696

IN WITNESS WEREOF, the Grantor has caused this Mortgage to be duly executed and delivered as of the day and year first above written. FLIGHT OPTIONS, LLC By: Name: Edward T. McDonald Title: Vice President of Whole Aircraft Sales & Acquisitions FO FINANCING, LLC By: I Name: Bret Wiener Title: Vice President SDNY_GM_02755659 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242581 EFTA01327697

SDNY_GM_02755660 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242582 EFTA01327698

Schedule I Aircraft: Airframe and Engines* Make / Model Rcg. No. Serial No. Engine Make Engine Engine Serial Percent Model No. Owned'" RAYTHEON AIRCRAFT COMPANY model 000A N493LX RK-244 PRATT& WHITNEY CANADA ITI5D-5 PCE-1A0256" 12.30% RAYTHEON AIRCRAFT COMPANY model 400A N493LX RK-244 Pam& WHITNEY CANADA ITI5D-5 PC6-1/%02571" 12.50% 'Each of which &Imes is apable of or more ofmnat or hn 530 a mom reed ukmr honryo. u or the eget • •Desenbed as model 1TI5D SERIES with serial otmtbers MOM red IA1O%7 rat thr intkonal Repay drop gown menu. 'flair:raft used herein references Grantee's utglivirkd 12.50% interest in the Aircraft and Engines based term "Fractional hams" timed below. Fractional Interest The 6.25% undivided interest in and to the Airframe and Engines conveyed to Flight Options, LLC from Mountville Mills. Inc. on 11/16/2009 and filed with the FAA on 12/21/2009 and The 6.25% undivided interest in and to the Airframe and Engines conveyed to Flight Options, LLC from Wells Fa oBaakag&li sAjwLstee on 02/16/2010 and filed with the FAA on —I- —I I') (collectively the "Fractional Interest") This Aircraft Mortgage and Security Agreement encumbers a total of 12.50% fractional interest in the Airframe and Engines. International Interests registered on the International Registry in connection with this Mortgage Supplement are evidenced by File Numbers 77670, 77674 and 77676. The FAA Unique Authorization Code applicable to this Aircraft Mortgage and Security Agreement is IRN20I00510080655. SDNY_GM_02755661 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242583 EFTA01327699

I SDNY_GM_02755662 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242584 EFTA01327700

Exhibit A Credit and Security Agreement [Not included for purposes of confidentiality.] CHI90 30861304A46497.0072 SDNY_GM_02755663 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242585 EFTA01327701

•, .-ir.•`;I:Ir 'AO /.11:) r;0 ti C i3 2 111" c31i SDNY_GM_02755664 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242556 EFTA01327702

DOCUMENT LEVEL ANNOTATIONS ORIG DOC ID 9195 FFR 7/8/10 RETD IATS SDNY_GM_02755665 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242587 EFTA01327703

SONY_GM_02755666 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242588 EFTA01327704

FORla APPROVED Te 212.0)42 UNITED STATES Of AMERICA CESIRONEPIT OF TRANSPORIAMOI1 imam ma CERT ISSUE DATE raminazioaneo inetateperr Mata~TVs Meta AMP», REOISITIATION APPUCATION REG Mina ON SLOE NUMBER n S hi 493ty ISTRATI a MAIAACIIMEA & WOO Raytheon Aircraft Capany 40:A a:MIT SIAM 14 RC- 244 FOR FM USE ONIY ( MI OF MOSIRATION IONS as MO O 1. Indhicludil O 2. Pettnarehlp O a ~Con El 4. GO-040. O 5. (ie" O E. NN.°°A. NNE oF "cart ecnon(s) Pon on ~co ci own* SIISIFT. MG INI Not RR MGR NA ARM "st ) 1.) Shmitka Air, Inc. 6.25% of 100E Ill e See Attachrrent eta,4_ed i -g-i ö) TELEPTONE 'MASER ( I ACCOESS <Pcnnerso 00f. ENI MONA SC I IF Pe BOX la U•ad. PISS ~as nun eloo be srgavn } C i 0 r er VIVt Uptions, Re Webs N•1 eme 26193 Curtiss- Wight Parlogy .._ Rat RASE PA Sac 01Y Richrond Heights Stan CH GP 000t 44143 CI CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION' Reed the following Mannt Wore signing this application. TN, portion MUST be °Deviated. A ANA a alnavel wawa b ani Ouflahah in en 40410n mat ea efegnas to pansivngin 0, Rey M' c. ~went Na, 0200. Tao Ft Sac ~I II CERTIFICATION 0) OM Si. show ANNA a owned ta to ~grad aodgrt. Ito 4 a calm INGSO TRIPINNAN a tone Shako (For clap Mat On na ol truss t ra CHECK 0511 AS ~MATE • 3 A wien( akin. and ein 1~0 Fas IAN ce hem 1.5011 No. b 3 A 'onager sat organ/0 ire Say tams team. IMP lima at MON Delaware _ r.g.K.c. "° -,r 2618C alr~ritilfrA itinnelMicrneg. infrare Vx (2) That Its Wale .0. rot feyend toga Si RAI onions ~ANN. as (3) Rut rpm ~Gros a ~mho 4 Awns* c. Ass Wen M AG Fro Ion ~Son Parnit~ Witte:muted lOr 00-OwnerSIN) ah applicants mat non US0 tows* elda a riee•SeAfF TYPE OR PRINT NAME BELOW SKINATURE Il B i II/ 1 . SKINATURE SIGNATURE TM£ v P 'bole A/C Sales d asitions of FLICKOPTIONS, lit Tma acring as Attorney-an-1mb for Shwitka Air, Inc. 1 J 4—( 45 poiedued Ecbord T. (*.Donald TIRE 1 E a« NOTE Fetep famat of Fha Ont.. ail MOO, ~oh. Eta Gam mw tie COMM° en pros Aoi IT Ram TO 10 an ong MM an* Ow PINK law ca V* GOOkatton mate ba cram n re NARA AC Form .350.1 MO) (0:624)408a07) SDNY_GAS_02 755667 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA 00242589 EFTA01327705

,ANON 11910 , vi0149 11CI ° n 1 £ 1c1 2' u - .v.. is S. toys.; nt‘ t''. )1‘r .... t , .. i Ail' ;1\ (111‘ 3 SONY_GM_02755668 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA _00242590 EFTA01327706

ATTACHMENT TO AIRCRAFT REGISTRATION APPLICATION daRA1+1O 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 16.) 18.) 17.) Reg ft: Model: S/N#: Name of Applicant: N493LX Address: Raytheon Aircraft Company 400A RK-244 Owning an undivided Interest of: Southeastern Mills, Inc. 12.60% of 100% Shown on Original form hereto Ascent II, LLC 3.126% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.26% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.26% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.126% 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 Robert L Emery & Dana M. Emery Trustees 6.25% of 100% Shown on Original form hereto Two Big Bears, LLC 6.25% of 100% Shown on Original form hereto Daniel 0. Conwlll, IV 3.125% of 100% Shown on Original form hereto Marm Partners, LLC 6.25% of 100% Shown on Original form hereto Advance Beverage Company, inc. 6.25% of 100% Shown on Original form hereto LLI Corp. 6.26% of 100% Shown on Original form hereto Flight Options. LLC 12.50% of 100% Shown on Original form hereto Signatures: Title: Date: dward T. McDonald Edward T. McDonald V P of Whole Aircraft Sales & Acquisitions of Flight Options, LLC Acting as Attorney-in-Fact for #2.3.4,5,6,7.8,9,10.11.12.13,14,15 V P of Whole Aircraft Sales & Acquisitions of Flight Options, LLC for #16 By signing above, the applicant agrees and stipulates (I) to the terms. conditions and cenAcation of the AC Form 8050-1 Airaaft Registrabon Application. to which this page Is attached (the -Appian:01.89 that all of the Information set forth on the Appacation Is hue and curreCl as Of this dale. and (Ill) the Application may be executed by the co-owners by execrating separate counterpan signature pages. each of which when so exeaAed and danced shaft be an original. but all sudi counterparts shall together conStauls DLO o and the same application. SDNY_GM_02755669 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024259I EFTA01327707

VMONY140 A113 VI-IDNVDIG OT £ Wd o inr oloz V 1 :2 03113 SDNY_GM_02755670 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242592 EFTA01327708

FORM APPROVED OMB NO. 2120-0012 UNITED STATES OF AMERICA at IBMIIIIM IF =BMW= MK MOM OHMS AIRCRAFT BILL OF SALE o0 NI N < 0 .4 ei i X 0 03 E. i.. c C 1,1 CA 111 8 4 ii 01 -0 Thi Bloc* 7 D F Not Wnle In OR FAA USE ON " m FOR AND IN CONSIDERATION OF $1.00 ovc THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: . UNITED STATES REGISTRATION NUMBER N493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS l$ DAY OF FEB., 2010 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: K w 0 itt r ct O D 0. 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., O1-1 44143 „PRP 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 16n4 OF FEB., 2010. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP. ALL MUST SIGN.) TITLE (TYPED OR PRINTED) WELLS FARGO BANK C.--- V P of Whole Aircraft Sales & NORTHWEST, N,A. - Acquisitions of TRUSTEE EDWARD T. MCDONALD FLIGHT OPTIONS, LLC Acting as Attorney-in-Fact for WELLS FARGO BANK NORTHWEST. N.A. - TRUSTEE 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 SDNY_GM_02755671 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242593 EFTA01327709

V WOHC1)10 All0 VHOHV1I0 or 6 Lid 8 lllr OM? 118 HAI V tiiS::3M Li V SOdIV tit ullfd 03-113 SDNY_GM_02755672 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242594 EFTA01327710

RELEASE FO Financing, LLC (the "Secured Party"), as the secured party under the Mortgages (described and defined in Annex I attached hereto), hereby: (i) releases from the terms of the Mortgages all of the collateral covered thereby (including but not limited to the Airframe and Engines described on Annex I) and (ii) discharges the international interests created by the Mortgages and represented by the International Registry File Numbers described on Annex I. Dated: _ , 2010 (The remainder of this page is intentionally left blank) 3 O O V O 0 a 3 a a L a O O SDNY_GM_02755673 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242595 EFTA01327711

„vtovill•Ao 1.1•41 •",41 10 • so £ Wd O lilt titg via lie VSI AO. 03113 SDNY_GM_02755674 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242596 EFTA01327712

IN WITNESS WHEREOF, the undersigned has executed this Release as of the dated noted above. FO Financing LLC By: Name: Bret Wiener Title: Vice President SDNY_GM_02755675 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242597 EFTA01327713

Annex I To Release Page 1 Airframe One (I) Raytheon Aircraft Com any model 400A aircraft bearing manufacturer's serial number RK-244 (described on the International Registry drop down menu as RAYTHEON AIRCRAFT COMPANY model 400A with serial number ROC-244) and U.S. Registration No. N493LX. Engines Two (2) Pratt & Whitney Canada model JT15D-5 aircraft engines bearing manufacturer's serial numbers PCE-JA0256 and PCE-JA0257 (described on the International Registry drop down menu as PRATT & WHITNEY CANADA model JT15D SERIES with serial numbers 3A0256 and JA0257) (which engines are in excess of 550 horsepower or the equivalent). Mortgages Description of Document Date Executed Date Recorded FAA Conveyance Number International Registry File Numbers Aircraft Mortgage and Security Agreement between Flight Options, LLC, as grantor, and FO Financing, LLC, as Mortgagee 12/13/07 06/12/08 AM000500 N/A Second Aircraft Mortgage and Security Agreement between Flight Options, LLC, as grantor, and FO Financing, LLC, as Mortgagee 17/13/07 06/12/08 AM000501 N/A Aircraft Mortgage and Security Agreement between Flight Options, LLC, as grantor, and FO Financing, LLC, as Mortgagee 03/20/09 '4140H /WO VI, 04/01/09 '1)10 PV -O10 LA001848 322997 323003 323001 60 C 0116 _ velk(t ilOkortgages"). iyiner; ViHI:M C011i SDNY_GM_02755676 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242598 EFTA01327714

DOCUMENT LEVEL ANNOTATIONS SEE RECORDED CONVEYANCE AM000500 ET AL ZSC3921 PG 195 SDNY_GM_02755677 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242599 EFTA01327715

SDNY_GM_02755678 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 002426((1 EFTA01327716

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL. AVIATION ADMINISTRATION CROSS-REFERENCE-RECORDATION RECORDEDCONVEYANCE FILED IN: NNUM: 493LX SERIAL NUM: yam` MODEL: AIR CARRIER: This form is to be used in caws where a conYclance cones several aircraft and engines, propellers, or locations. File original of this form with the recorded conveyance and a copy in each aircralI folder involved. TYPE. OF CONVEYANCE NAME CHANGE DATE EXECUTED FEBRUARY II. 2010 FROM AIR GHISLAINE MC DOCUMENT NO. TOOK ASSIGNED TO SHMITKA AIR INC DATE RECORDED FEBRUARY 23. 2010 THE FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE: Total Aircraft: Total Engines: Total Props: Total Spare Parts: WS-75.043R(000S) SDNY_GM_02 755679 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242601 EFTA01327717

SDNY_GM_02755680 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242602 EFTA01327718

FORS APPROVED Ole Ns 12/bEat UNITED STATES CO AMIGA DEPARTMENT OF 11VMIPONATION MOM APAPON AIPICIONSCIL cERT ISSUE one t i C C 1 a ilINSIMOOPHIPZ Moor ONION AIRCRAFT PIDMITRNIION APPUCMON wino STATES N 493u - AiRCAPFI arAURICURER & MODEL Raytheon Aircraft Carpany 403A PACRACT SOUL N. RK-244 FOR FM use ONLY C WM OP REOISMATION ICAO am D34 ( h 0 T. NOMA& O2 Parra* 0 i COMOMMS WII. 034~ 0 S. Wit 0 t Ito! 4 IAA Of AMOCO!!! IhrsoSse tem at seams al awed* 6 MOMS Oa NO mos 11. PS WO eke 1.1104 1.1 Air IThislaine, Inc. 6.25% of 100% • CSee Attachment et aked i - H—lo) MERCK MASA I i ADDRESS clincr mannosOOPol• to Pm oppEawn SNORE P.0 WAN tat "MS slams NMI MR Oa Awn) Flight 0tion LLC Prise in; wee 26180 Curtiss-hrioht ParkwaY An Rau* PO. BOB CITY Ri thread Heights ATM OH DP CODE 44143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Reed Me following statement before stoning this application. Ibis portion MUST be completed. A S Or SONO Sloan/ women 4, rho ropromixo mow or crowds posomni Or Ire PPP, 0, Prosomors WA COM. TOr rt SIC Or) . CERTIFICATION I% CERTry Ill list the east eas• • Gored to po todonionid maws do is a arm NOSE INCOMoml 0 UM 'Ms Sues for Ming WP. M tan* of Kew I Ce GNECX OE AS APPACfoRtATE • 0 A mewl sae se se epsses, floe 1.41 a 1•5611 No • ON ..,..4.,” =won. Craw, sea doing gods sat We Sol PI imm uel mere r„„="r'26tEtralrlISILWitit Pitlefttertfgerratinine". DI That Is MIMI s POI ApOs14 war es Ste 0 os NW mitt as, DI Thai loss sauna aI oar's> s snow o oar tor Ma sin Ow Roans Areon AOsnevolon NOTE: II MICUND law PO-Dano!PNP all ACMconls sat Icn UP* MAME ids It firlaSses TYPE OR PRINT NAPE BELOW SIGNATURE gli Is a III i I SoONATure C-------- -- "" V P of hhole Aircraft & Acquisitions of Flight V act:tis, Nis LLC I—MID SIONATuRE Edgard T. McDonald mu acting as Attcrney-I for Air Ghislaine, Inc. SKPLATuRE ME ONE Rogarben. Inv loo IP 0 AOI In Sae d ID NOTE Poses woo al to Collicad• ce Aka. Po Prollt °MONO 00.00 errs. anna WW1 We Pm MI( Com o I Pit appEasot nun Or awns° in I. moan IC Fon bXel (9031 052.00.62840371 SDNY_GM_O2755681 5 ) T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242603 EFTA01327719

vvioNviNe A/I0 VWOHVtN0 £S T LW 61 Nur ow? 89 HOl1VUiSlO3!! .1.3VUO131V 'VA HIM anu SDNY_GM_02755682 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242604 EFTA01327720

ATTACHMENT TO AIRCRAFTREGISIPtikTION APPLICATION OM / —M 410 Reg #: N493LX Model: Raytheon Aircraft Company 400A WM: RK-244 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) 17.) Name of Applicant: Owning an undivided Interest of: Address: Southeastern Mills, Inc. 12.60% of 100% Shown on Original form hereto Ascent II, LLC 3.126% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.26% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.25% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original torn hereto George H. Davis, Jr. 3.126% of 100% Shown on Original form hereto Emeril Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.126% of 100% Shown on Original form hereto Wells Fargo Bank Northwest, N. A. - Trustee 6.26% of 100% Shown on Original form hereto Robert L. Emery & Dana M. Emery - Trustees 6.25% of 100% Shown on Original form hereto Two Big Bears, LLC 6.25% of 100% Shown on Original form hereto Daniel O. ConwIll, IV 3.126% of 100% Shown on Original form hereto Mann Partners, LLC 6.26% of 100% Shown on Original form hereto Advance Beverage Company, Inc. 6.26% of 100% Shown on Original form hereto LLI Corp. 6.25% of 100% Shown on Original form hereto Flight Options, LLC 6.25% of 100% Shown on Original form hereto Signatures: Title: Date: Edward T. McDonald Edward T. McDonald V P of Whole Aircraft Sales & Acquisitions of Flight Options. LLC Acting as Attorney-in-Fact for #2,3.4.5,6.7.8.9.10.11,12.13.14.15.16 1 4 J V P of Whole Aircraft Sales & Acquisitions of Flight Options, LLC for #17 1-161-10 By signing above, the applicant agrees and stipulates (I) to the terms. conditions and cenificatlon of the AC Tom, 8050-1 Aircraft Registration Application, to which this page is attached (the -Application'). (II) that all of the information set fonh on the Applcation .5 true and curved as of this date. and (Ill) the Application may be executed by the co-owners by executing separate coumerpan signature pages, each of which when so executed and delivered shall be an cecina'. but aN such counterparts shall together congests but one and the same application. SDNY_GM_02755683 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242605 EFTA01327721

VPIOHV1310 ADO Vki0H7180 £S T lid 61 NEW 010? 88 NOiiv8ISID38 144110e/IV VV3 IIIIM 031:4 SDNY_GM_02755684 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242606 EFTA01327722

DOCUMENT LEVEL ANNOTATIONS TYPE OF REG CORR'D TO SHOW TYPE #9, NON-CITIZEN CORP CO-OWNERSHIP SDNY_GM_02755685 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242607 EFTA01327723

SDNY_GM_02755686 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242608 EFTA01327724

FORM APPROVED OMB NO 2120.0042 UNITED STATES OF AMERICA U. & WARMER OF IIMISPMIADM FERAL AIMS AIIIMMUIMEN AIRCRAFT BILL OF SALE $5.00 01119/2010 Do Not Write In This 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 REGISTRATION NUMBER N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS ici IN DAY 0Eitin., 2010 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.) LLI CORP. 6.25% OF 100% 26180 CURTISS-WRIGHT 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 iti 1" DAY OFjaii ., 2010 SELLER NAME (5) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LW •••=:re_____-- V P OF WHOLE AIRCRAFT SALES EDWARD T. MCDONALD & ACQUISITIONS 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 O 8 0 0 a) • • 8 SONY_GM_02755687 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242609 EFTA01327725

A1,v0Honvuo cs r 8 bid 6 Nur 010? Nouvu.isi;)3v v8oinv vvd f,,,„ ,37,4 SDNY_GM_02755688 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242610 EFTA01327726

FORM APPROVED 1 UNITED STATES OF AMERICA ILL MAME IF TIAMMITAIIIN IN AL AIMDMI AtliMISILIDIN AIRCRAFT BILL OF SALE 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 AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED STATES REGISTRATION NUMBER N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS Ill I" DAY OFJOA., 2010 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.) ADVANCE BEVERAGE COMPANY, INC. 6.25% OF 100% 26180 CURTISS-WRIGHT 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 Fr DAY OFJak ., 2010 SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP. ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC V V P OF WHOLE AIRCRAFT SALES EDWARD T. MCDONALD & ACQUISITIONS ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REOUIRED 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_02755689 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 O 0 a a a a a 0 0 0 0 yr EFTA_00242611 EFTA01327727

%MOWN° ASIO VHOH71)10 es r Wd 61 KIP 010? at3 ti011V8ISID3N 1410101ilti VVd HI/M 03114 SDNY_GM_02755690 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242612 EFTA01327728

IOM AFPROIO) OM Ms MONO UNITED STATES OF MVO CRINSTISIT OF 111NOWORIDO04 MOM MOO AlternyiNsifelte NOTISCINIT AIMIONOWICAL CERT. ISSUE DATE . OMR AIRCRAFT RECIOTRATON APPUCATIODI ANTED VMS REOISTRNC•4 Kula P4 4411 x AIROMIT MANURCTIMIM • MOM Itsythecn Aircraft Copan, 40:1A NICIVIT Slow. Ma RK- 244 FOR FAA USE ONLY TYPE OF MOISTRATION IChedt ass SAO PStal" CI I. maws O 2. Porn. 0 3. GarPoralon ip F. Governor 0 1. 000 0 ISCee NNE OF APPuCANT 41)~0) glom on ~co al PeaM • rend. Yon* S II MT* WS mill' SI • 1.) Air Ghislaine, Inc. 6.25% of 100%% lee Attachrent cla.4- eel IR-- 49-I -0 1 j TELERCNE MASER. ( I ADDRESS *___eel 1 Sams fa, *M applosni SSW F.O. SOX Is U. prwsioal ecklmss eat On be Vow .l Cho: Flight Options. LLC Rafts srel tot 26180 Ortiss —WriOit Parbey Rural &Ms PO Ow CRY Richironi Heights STATE OH PP CODE 44143 ID CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Raid the following stinsinont Wore signing this application. Thls portion MUST be completed. A (as a 01.Vriel fromar to aro (mow., the sOCOCaSCO mey 55 "SunOS b Cannhorl Sy Ins re , or rmnpens (US Cosy. To. R. Sec M011 • CERTIFICATION Wit CERTIFY Milts to rte'. Octal I owed Cy We ura•-wyeS appoint aro *SSW (etekeg Orpflion,) 0 Me tordP4 Imola Oa Teem IMIL OS mow of Rao ). CP CHEER ME As APPROMATI a CI A Ida in Yen. at an neSSISIOn IF 1.151 Co RIM 1.5511 S. Delakere k jp A RAYPOIRA aposslice opprend _i o... tains Isms ofNSW npa.:1126Ifnel.lefOrtatinlffir. la Wel Ps *oat (31 no Reel opine NOTE TYPE ',ram. - is ea repseened tease Ire Inn of Iry Oflny 03fetry era a wpm/. is allathoa of nos tea fora ea.. Iho FoCnTal Seaton Atrneersno, II •••OA•O lot SO-TmnfICMID IS IOPCW1S TWO Sipi Use repine ICO a netOOSSWY E SIGNATURE lif is N ill i I Mil V P of Sales & Maricetic of Flight Options, LLC mu acting as Attorney - In - hleE for Air Ghislaine, Inc. I IR SIONA lein mu GATE NOTE Pp., mow of Pe OMAN* c 1 i ACM Reakalat. we Saab OW to epleseed In s prod melanoma/10 day. tory aro. term gm MK copy of On apples*, moil be urns, S We WM. AC Tam 80501 mei (0052.004214C07) SDNY_GM_02755691 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EF1'A_00242613 EFTA01327729

• VIVOHr1)10 A110 VWOHV7H,0• ; OT Lai I? 030, 88 NOILVOISIS3211.JVHOUIV VV.I HAIM 031Id SDNY_GM_02755692 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242614 EFTA01327730

ATTACHMENT TO AIRCRAFT, REGIBTRATION APPLICATION aOcka /49-c2/-07 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg #: Model: SIN#: Name of Applicant: N493LX Address: Raytheon Aircraft Company 400A RK-244 Owning an undivided interest of: Southeastern Mills, Inc. 12.60% 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 6.26% of 100% Shown on Original form hereto JHPH, LLC 6.26% of 100% Shown on Original form hereto George H. Davis, Jr. 3.126% of 100% Shown on Original form hereto Emeril Air, LLC 6.26% of 100% Shown on Original form hereto Air Leader, Inc. 3.126% of 100% Shown on Original form hereto Wells Fargo Bank Northwest, N. A. - Trustee 6.26% of 100% Shown on Original form hereto Robert L. Emery & Dana M. Emery - Trustees 6.25% of 100% Shown on Original form hereto Two Big Bears, LLC 6.25% of 100% Shown on Original form hereto Daniel O. Conwlll, IV 3.126% of 100% Shown on Original form hereto Mann Partners, LLC 6.26% of 100% Shown on Original form hereto Flight Options. LLC 18.75% of 100% Shown on Original form hereto Signatures: Title: Date: Edward T. McDonald Edward T. McDonald V P of Whole Aircraft Sales & Acquisitions of Flight Options. LLC Acting as Attomey-in-Fact for #2.3.4.5.6.7.8.9.10.11.12.13.14 V P of Whole Aircraft Sales 8 Acquisitions of Flight Options. LLC for #15 fa-on-oci is-d I-ol 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 "Applcaffon'). (It) that N of the Information set forth on the Application is true and curred as of this date. and (III) the Application may be executed by the co-owners by executing separate counterpart signature pages, each of Medi when so executed and (*awed Wall be an original. but al such counterparts shall together constitute but one and the sane application. SDNY_GM_02755693 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242615 EFTA01327731

VI1OHV1NO ALSO VW0H71)10 OT IA 1220600? as NOLVILLSIO3li VII HUM 03-03 SDNY_GM_02755694 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002426 I 6 EFTA01327732

FORM APPROVED OMB NO. 212O-0042 UNITED STATES OF AMERICA Mt IEPAIIIMBR I =SMARM REIM AMIN MMIMIRARMI AIRCRAFT BILL OF SALE Write nis Block Do F Not OR FAA In 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 N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS a IV-DAY OF DEC., 2009 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INOMDUAL (S), GIVE LAST NAME, FIRST NAME. AND MIDDLE INITIAL.) MARM PARTNERS LLC 26180 CURTISS-WRIGHT PARKWAY RICHMOND HEIGHTS, OH 44143 S5.00 6.25% OF 100% 12/21/2009 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 a PTDAY OF DEC., 2009 SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC 4c-e----- .. V P OF WHOLE AIRCRAFT SALES EDWARD T. MCDONALD & ACQUISITIONS ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED 8Y LOCAL LAW FOR VALIDITY OF THE INSTRUMENT. ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition 0 0 3 •.< 0 0 a 0 a L O O 0 0 "b) SDNY_GM_02755695 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242617 EFTA01327733

Vh10HV7k0 Aito se OT r2 030 6001 HOf1VU1Sr0ay i dpvay& Vvd amd SDNY_GM_02755696 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_002426 I 8 EFTA01327734

FORM APPROVED OMB NO 2120-0042 UNITED STATES OF AMERICA Y.E. IIPMIIIBII 1 IlUJ0NMAIMI FMK AIM= AIMINIMIATI0N AIRCRAFT BILL OF SALE 1004816 Conveyance Recorded Jen/07/2010 10:25 AM Fo 1g 8"- 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 N493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 67" DAY OF NOV., 2009 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 TITS., 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 6TH OF NOV., 2009. 1 SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP. ALL MUST SIGN.) TITLE (TYPED OR PRINTED) MOUNTVILLE MILLS, er---- -- V P OF WHOLE AIRCRAFT INC. SALES & ACQUISITIONS OF EDWARD T. MCDONALD FLIGHT OPTIONS, LLC ACTING AS ATTORNEY IN-FACT FOR MOUNTVILLE MILLS, INC. ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) . , MAY BE REQUIRED ORIGINAL: TO FAA . r : AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersede% Previous Edihoo. SDNY_GM_02 755697 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242619 EFTA01327735

Anoviyollv73,0 mokin,f0 se or 118 A, 8 ra 310 eft oiit,y4sio3u Quo? 81141 SDNY_GM_02755698 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242620 EFTA01327736

FORM APPROVED 04.18 NO. 2120-0042 UNITED STATES OF AMERICA US. DUMDUM IBMIPMTAIION FEDERPIAIMMN ADMINISIMII0N Altaa(Ar I (SILL Ut *ALL . Do Not In This FOR FWnie AA USE Block 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 N493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RIC-244 DOES THIS 201/1 DAY OF JULY, 2009 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS OF INDMDUAL (5), GIVE LAST NAME, FIRST NAME, 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 20Th OF JULY, 2009. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) ON INK) (IF EXECUTED FOR CO.OWNERSHIP, ALL MUST SIGN.) TITLE (TYPED OR PRINTED) DANIEL 0. CON WILL, IV C17 V P OF WHOLE AIRCRAFT SALES & ACQUISITIONS OF FLIGHT EDWARD MCDONALD OPTIONS, LLC ACTING AS ATTORNEY IN-FACT FOR DANIEL 0. CONWILL, IV ACKNOWLEDGEMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVERMAY BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) , .. . , • ' . . BE REQUIRED ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition O S a S R A Ct Z.4 0 SDNY_GM_02 755699 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_0024262 I EFTA01327737

SDNY_GM_02755700 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242622 EFTA01327738

UNITED STATES OF AMERICA COARTAIBIT IRAMPORTATION MUM ADIAIMISMA 0011 FORM APPROVED DNB NO 2120-0042 _ . AIRCRAFT BILL OF SALE Wnte This F Do Not OR FAA In USE Block 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 N493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 7" DAY OF JULY, 2009 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 9.375% 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 7Th OF JULY, 2009. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP. ALL MUST SIGN.) TITLE (TYPED OR PRINTED) PARKS AVIATION, LLC . . , V P OF WHOLE AIRCRAFT SALES & ACQUISITIONS OF FLIGHT EDWARD MCDONALD OPTIONS, LLC ACTING AS ATTORNEY IN-FACT FOR PARKS AVIATION, 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 3 O 8 0 • O tl a o f A SDNY_GM_02 755701 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242623 EFTA01327739

vivouvuo Alia monvixo 62 or /du re 330 6001 UR NOIIVUIS103kIldV80 Vvd HIIM 03714 SDNY_GM_02755702 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242624 EFTA01327740

I hereby certify this Is a true exact y of eo re Ire T e ervicetic. LOAN (For use on deals drawn under the September 1, 2003, Agreement) FAA RELEASE Raytheon Aircraft Company Model 400A Manufacturer's Serial No. RK-244 Registration No._ N493LX Engine Make and Model Pratt & Whitney Canada JT15D Engine Serial Nos. pre-Jan/56 z Kr JA0257 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 January 14 , 2002 with Sarnair, Inc. as Debtor, recorded by the Federal Aviation Administration on March 2/102, , as Conveyance No. S118267* ,which Security Agreement was assigned to the undersigned pursuant to the FAA Assignment dated as of September 77 2003 , recorded by the FAA on Seotember_24, 2001, as Conveyance No. RnA7c179 , hereby releases all of its interest in the collateral covered by said Security Agreement. Dated this 14 , day of July *and assigned by Raytheon Aircraft Credit BANK OF AMERICA, NATIONAL ASSOCIATION Corporation to Raytheon Aircraft Receivables Corporation by FAA Assignment dated AS ADMITSTRATIVE AGENT 1/14/02, further assigned to Bank of America, '•-•7_ / -(1. V 7 National Association as Adminstrative By: / itas..44- • 1. Agent, collectively recorded by the FAA on / Kathleen M. Carry, Vi e President 3/6/2002 as Conveyance No. S118267.' BA018,0 ne-unciCiSigr.cd agiiiriorihereby releasi all of their interest, if any, iii the collateral covered - by the Security Agreement described above. Dated this day of July , 2009 . Raytheon Aircraft Raytheon Aircraft Receixables Corporation Credit,comoration By: fiekata4/4 By: 4741 atiikf Name: David A. Williams Name: David A. Williams Title: Vice President - Title: Vire President - General Counsel General Counsel This Release shall consist of this one page only, with attachments attached hereto. • • - and CertAtimgamsession filed General Aviation Recei blesComorat'on By: g,/,‘I'W Name: David A williams Title: Vino Prosident - General Counsel no schedules, appendices or similar by Bank of America, N.A. As Admin. O 0 0 0 3 0 0 0 0 a a O O O SDNY_GM_02755703 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242625 EFTA01327741

v war: 1)10 A SIA V NOW: TO hs T I 91 TIP soot 11,7 111V3 3 013VdOlil,/ " V t40V 3 113 SDNY_GM_02755704 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242626 EFTA01327742

DOCUMENT LEVEL ANNOTATIONS ORIG RETD TO IATS SEE REC CONV # S118267, C018, PG 1, ET AL SDNY_GM_02755705 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242627 EFTA01327743

SONY_GM_02755706 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242628 EFTA01327744

FORM APPROVED ORD lib. MOONS UWE° SIAM a MIERCA EMIPARTMENT CC TPANSPORTAllat Mae MASON marntemve fileacarf Aleaseamem. CERT. ISSUE CASE COM AMC,Ws REGISMATION APPUCA11001 UW11O STAMS Ricurriunce• MAMA t4 493LX ...CRAFT MANUFACTURER & WOO Raytheon Aircraft Conpany 400A ARCMS" SUM /63 R(-244 FOR FAA USE ONLY lYPE OF REOSTRATKIN idea ai• fa) NeP. C461.1 O I. Individual O 2. Pannmesho O 1 CONIONOOn W4 CO-Cewer O S Govt O 6 rain NAME CC APPLICANT 04000) nom 0 A v. areb. OM MM. MO ..... " 1.0 cm wave emetic eiv0/0. v• • 1.) Air Ghislaine, Inc. 6.25% of 103% (See Attachnent du a l 4 4 1O1 ) TiVile•OPIE NUMMI I ) "Din r"'"" Jew ohitsOrs:net(ISO PDX It .ad. OVIira Adams molt* be Paw.) MONS MO ONO 26180 Curtiss-Wright Pariney mad Rea PO Oa an Ricitroxl Heights STATE CH iv COO( 44143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTESTOR, Read the following statement Mons signing this application. This portion MUST be complete& A we a aecnail dray so any Cason .II 11111 value. ma, It golds t• Pagebnerit by Imo e,4 , CI ebbillatVW•nt U.S i Cola NW It Sic IWO • CERTIFICATION PM Ciente III The to 400•• en% • ~id ty TN PTO 16 a NI/0111010Weg cepflons) ur4.101000 China. el as Weed ENS lie NON PAL On nom 0 lupin I. or OIECX ONE AS APPROPRIATE a 0 A mien Ake aim 0110n 0191.110 , (ROO I IS, 0, 4011I 13y1) In b %A ...our 40Tonlon 0/gwalt0 NO S 00ng 0•3•003 NON So Iona tits DO avere x inv:Zti ""gtinra 121 III en bora • ed 01 That NO wawa NOTE. II nocubed TYPE 10010SANI 01 kr:7617dr ft' WOW 100 IPA 01 lot 1010011000/11 0/10 ffivripvh0 a wen or ma won ow us me Aran *Aeon AbenTreon foe co.:A.01SW el apparels wee Or Use sir" PO. 3 romealri SIGNATURE lig a 3 II AYE ME V P of Sales 8 Marketirir of Flight Options, LLC 1- ‘410i I SIGMA J. Lein TITLE Sat rig as Aturnerin-FtwIE for Air thislaine, Inc. SIGMA TITLE DAZE /1011 ONION IKON CA P• OPIOCO• 01 MOM Ampareon. Pr nal nay be ogee. 071 • Rea" AN • 4•0144 0 TO dwyt dew) at me to PIS aweless applamon mum be and on me WO* AC kern 0:60- (903) (:052-204229207) SDNY_GM_02755707 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242629 EFTA01327745

VI40/4V1X0 A113 VLIONV1X0 CS I lid 191 lir WOO? miiivtusion iltsii; Iti VVA HIM 03114 SDNY_GM02755708 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242630 EFTA01327746

ATTACHMENT TO AIRCRAFTAGCATION APPLICATION 1-1141 Reg ft: N493LX Model: Raytheon Aircraft Company 400A SM. RK-244 1.) Name of Applicant: 2.) Southeastern Mills, Inc. 3.) Ascent II, LLC 4.) Prime Time Associates, LLC 5.) Dockery Leasing Corporation 6.) JHPH, LLC 7.) George H. Davis, Jr. 8.) Emeril Air, LLC 9.) Air Leader, Inc. Wells Fargo Bank Northwest, N. A. - 10.) Trustee 11.) Mountville Mills, Inc. Robert L. Emery & Dana M. Emery - 12.) Trustees 13.) 14.) 15.) 16 ) Two Big Bears, LLC Parks Aviation, LLC Daniel 0. ConwIll, IV Flight Options. LLC Owning an undivided Interest of: 12.50% of 100% 3.125% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 3.125% of 100% 6.25% of 100% 3.125% of 100% 6.26% of 100% 6.25% of 100% 6.25% of 100% 6.25% of 100% 9.376% of 100% 6.25% of 100% 6.25% 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: Date. V P of Sales & Marketing of Flight Options, LLC Acting as Attorney-in-Fact for #2.3.4.5.6.7,8,9,10.11,12,13.14.15 V P of Sales & Marketing of Flight Options, LLC for #16 --41-4111- By signing above, IM appbcanl agrees and stipulates (II to the terms conditions and certification of the AC Form 8050-1 Airaaft Repstration Application. to wtsch Ih.s page is attached (the "Application"), (II) that all of the information set forth on the Appltcabon ts true am aided as or this dale. and (III) the ApplicaliOn may be executed by the co-owner, by execiseg separate counterpart sgnalure pages. each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but ono and the same appicabon. SDNY_GM_02755709 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024263I EFTA01327747

inionv, NO A 110 VI40111/1N0 CS r tid 9T ler sou 219 HOUVILLS1038 LATUOMV V. Vd HIM 0311j SDNY_GM_02755710 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242632 EFTA01327748

FORM APPROVED OMB NO. 2120-0042 UNITED STATES OF AMERICA MIAMI MMI0STRA8PI OF SALE Thls Block F Do Not Writs In OR FAA USE ONLY IL L WARNER Of 11WISPIRTADVI KIM AIRCRAFT BILL 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 N493LX NUMBER AIRCRAFT MANUFACTURER & MODEL Raytheon Aircraft Company, model 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 14 TN DAY OF ,.),aky ., 2009 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO A 6.25% of SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDNIDUAL (S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INITIAL.) Flight Options, LLC 26180 Curtiss-Wright Parkway Cleveland, OH 44143 6.25% OF 100% 55 00 07/18/2009 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 THISit-r" DAY OP9,4( 2009. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO ERSHIP. ALL MUST SIGN.) TI {L€ (TYPED OR PRINTED) Bank of America, N. A., as Administrative Agent — S r Vice President 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 SDNY_GM_02755711 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 L O O 0 0 3 9 0 0 a 0 "4 O 0 • • z 5 EFTA 00242633 EFTA01327749

IIWOHY1X0 A113 VNOHV1M0 CS It lid 91 lfir aB NOIVirtliSI93d LP/ 83 WV V V.1 KM% 03114 SDNY_GM_02755712 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242634 EFTA01327750

AGENCY DISPLAY OF ESTIMATED BURDEN The Federal Aviation Admloistranon estimates Mai the avenge hanks cur this report b.5 boor pm response You may submit any (MOW) cometnlag caw accuracy of Ma bonito nrimamer any aufgelliNla for redwingMe hordes lo the O11k. of Msnsvmesi sod Bodin lOhlB). Yea may Aso seed mimeses to the Federal Aviation Admiaiseration.avil Mistime Registry. P.O. Boa 3.1101.Oklahoma City.OK 731154504, Anemias: OMB number 2120.0041 U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION Aircraft Registration Branch P.O. Box 25504 Oklahoma City, OK 73125-0504 CERTIFICATE OF REPOSSESSION OF ENCUMBERED AIRCRAFT (Fractional Interest) Aircraft Manufacturer and Model Raytheon Aircraft Comoanv.400A Aircraft serial number RK-244 FAA registration number N79ITA p11.A A4 \'4 Samair, Inc. (-Debtor") entered into a Promissory Note ("Note), dated January 14, 2002. in favor of RACC. in connection with the financing of the acquisition of a 6.25% fractional interest in the following: that certain Raytheon Aircraft Company model 400A aircraft bearing manufacturers serial number RK-244, United States Registration No. N493LX (formerly N793TA), and two (2) Pratt & Whitney Canada model JT I 3D-5 (described as PRATT & WHITNEY CANADA model JTI5D SERIES on the International Registry drop down menu) aircraft engines (which engines have 350 or more rated takeoff horsepower or the equivalent thereof) bearing manufacturer's serial number PCE•JA0256 and PCE-JA0257 (described as JA0256 and JA0257 on the International Registry drop down menu) (collectively the interest"). Debtor executed that certain Security Agreement (as assigned and set forth below, the 'Security Agreement"), dated January 14, 2002 covering the Interest, in favor of RACC to secure payment of the indebtedness of the Note, assigned by RACC to Raytheon Aircraft Receivables Corporation ("RARC") by the FAA Assignment dated January IS. 2002, and further assigned by RARC to Bank of America. National Association as Administrative Agent by the FAA Assignment dated January b. 2002, collectively recorded by the Federal Aviation Administration on March 6, 2002 as Conveyance No. 5118267. Pursuant to FAA Assignment dated September 22. 2003. the Security Agreement was assigned by Bank of America. N.A., as administrative agent under the Fourth Amended and Restated Purchase and Sale Agreement to RARC, further assigned to General Aviation Receivables Corporation ("GARC"). and further assigned to Bank of America, N.A., as administrative agent (the "Agent') under the Fifth Amended and Restated Purchase and Sale Agreement. dated as of September 1. 2003, recorded by the FAA on September 29. 2003. as Conveyance No. R062972. On or about May 21. 2009, Debtor breached its obligations under the Note and Security Agreement. as assigned. On or about June 15, 2009, Agent foreclosed on the security interest granted by the Security Agreement and repossessed the Interest in accordance with applicable laws. Agent has performed all obligations imposed on the secured party under the Security Agreement and applicable local laws. The undersigned unifies that, in accordance with the terms of said Security Agreement, and pursuant to the pertinent laws of the State of Kansas, Agent divested the Debtor, and any and all persons claiming by, through or under Debtor, of any and all title they had or may have had in the Interest and that Agent now owns the Interest. NOTE: If die agreement involved was not recorded Dank of merica, N. A., as Administrative Agent with the Aircraft Repstrwion Branch. the NAM LDER OF ENCUMBRANCE anginal or <orifice INC copy shaad K an M. Carry I. gar wcompany this certificatt of repossession. Vice-President Title Date9 1`11 d 007 091971358165 $15.00 07/16/2009 SDNY_GM_02755713 B SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 L OO O 0 C) 0 3 I 0 0 0 0 a a C 1,0 0 0 a '0 EFTA_00242635 EFTA01327751

17140111/ 1)10 Alla VI4OHY1X0 ZS .1Wd 191 ifir as NOIl V illS103a V Vd KIM 03114 SDNY_GM_02755714 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9110115, and 17 EFI•A_00242636 EFTA01327752

DOCUMENT LEVEL ANNOTATIONS SEE REC CONV # S118267, C018, PG 1, ET AL SDNY_GM_02755715 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242637 EFTA01327753

SDNY_GM_02755716 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242638 EFTA01327754

FORM APPROVE) Oa HP NITWIT UNTIED STAVES OF AMERICA DEPART ENT CF TIVALTFORTATION - swam ACeinnyinOolla AOIONAInry. CERT ISSUE DATE 1808001•• IOTA AIRCRAFT REOISIAARCN APFLICAIKIR L n ow D STAIRS real ACE mu RIMIER N 493LX Ang in ythwernAl7C7anit urcnbany 4864 lUACRAFT SERIN No FH- 244 FOR FAA USE ONLY TOE OF REGISTRATION (ORO re 'NI O 1. MOMS'S O 2. POONO1O0 O 1 COOCOKOn Ya 4. Co-mover O 5. GOO. O (I 'NM:As" MAW OF APPUCAPAT (PencNs) Nom Al omen et OutonttAIVO.Ott Oho om mom fro1 molt ON ANNA il " ) 1.) Air Ghislaine, Inc. 6.25% of 100% • (See Attactnent 61 Q., €d5-6 •- ofi TELEPTIONE AMMER I I *CORM INNAINed IIIIiitriPpt pArtliageMEWINIIP.0 SOX it mat p•RINI Mew ma Rios eloNN) do: 26180 Curtiss - Might ParKey Nate we snot ' Full ANN PO Sac CITY Richrcnd Heights STATE CH RP CODE 44143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS MENTION! Rad th• following stalsonsed belOns signing INs IMMICMIos Thls porton MUST bs ammistsd. A NO. a *Pawl awn os (lista% Al ON Applailan eft be Goa* AN puSeNnow by NY N14101 It08011011914 NS Cot. RN It Sc ICON CERTIFICATION 41 CERTIFY (1) MO IN Soo Mont le by MO ~ION Often mood COON. ate in NOKIA SO) a to UNIAS SION IRA NON In* NW NANO Kiln I> DOCK ONE AS NIPROPRATE • (3 A .WYE SIN NS an nOsinson Ihnn 1151 or Forte 1301 NO b al A tritetoln 0:11:010o 0.02•0 Ind 0,05 WOW* WOW IN Om 0 OMNI Delmore = ,..s eartia nd-fritauart tt= TA" Slur - . Th. N imorslef011e9O*00 unror to So 0 NI toot^ Goa so, IN TINT Mad vodn a I osarsiv in or has Own so wen sl. him Awaits Aesrestal NOTtgallaitedle•CO.OvinoldShip N Sbanti Mull S UM mum IS li Mailery TYPE OR PANT NAME ION SIGNATURE ' 1 b g iii i % nitE 5-b-oq TIOPEARIRE Executive Vice Presideneut of Flight Optiais, at Jarres P. Miller MU acting as Attorney - In - for Air Chislaine, Inc. iti SCRAM& TIRE , DATE NOTE Pontine Nap ol Is Gnus 00 Anna AmmAsma. IN Anna meow moms As • pros no A mom of TO GOO ono MAN ins Is PINK Mpg el w warm as N iSMS0 in Is ROM. AC Faun (903) os24:404269007) SDNY_GM_02755717 8 0 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242639 EFTA01327755

VII0Hrbi0 All0 VW,HrINO HI i Wd 9 AN N& 88 NOLIVU.Ltifi'DIJ 1080111V • anu " SDNY_GM_02755718 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242640 EFTA01327756

ATTACHMENT TO AIRCRAFT REGISTRATION 1.) 2.) 3.) 4.) 5.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 16.) 16.) Reg #: Model: &NM Name of Applicant: APPLICATION elakei C-4.0-09 N493LX Address: Raytheon Aircraft Company 400A RK-244 Owning an undivided Interest of: Southeastern Mills, Inc. 12.60% of 100% Shown on Original form hereto Samair, Inc. 6.26% 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 6.26% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.126% of 100% Shown on Original form hereto Emerll Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.125% of 100% Shown on Original form hereto Wells Fargo Bank Northwest, N. A. - Trustee 6.25% of 100% Shown on Original form hereto Mountville Mills, Inc. 6.25% of 100% Shown on Original form hereto Robert L. Emery & Dana M. Emery • Trustees 6.25% of 100% Shown on Original form hereto Two Big Bears, LLC 6.25% of 100% Shown on Original form hereto Parks Aviation, LLC 9.375% of 100% Shown on Original form hereto Daniel 0. ConwIll, IV 6.25% of 100% Shown on Original form hereto Signatures: Title: Date: / $7 James P. Miller Executive Vice President of Flight Options, LLC Acting as Attorney-in-Fact for #2.3.45.6.7.13.9.10.11,12,13.14,15,16 By spring atom. the appScare agrees and stipulates (l) to the terms, conditions and certification of the AC Form 6050-1 Arcraft Regention Application, to which this page is atlacted One 'Application", (IQ Mat all of the information set forth on to Apttalion is IAA and mewl as of this date. and (III) the ApPtiCatiOn 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. Out MI such couMerparts shall together constitute Out one and the same spoliation. SDNY_GM_02755719 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024264I EFTA01327757

V A i olivOiviiV:.ii:70), 0 &E? NoviivtIllS):.) d - If' r Lid 9 feu 66,01 1114 Gait/ 6" w SDNY_GM_02755720 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242642 EFTA01327758

FORM APPROVED OMB NO. 2120-0042 UNITED STATES OF AMERICA UAL COMTMEM If MANSPIRTAIMI MALL AVIATION ADIMICITIAMN AIRCRAFT BILL OF SALE Do Nol Write In This Block FOR 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 N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS (O 714 DAY OF MAY, 2009 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL (SL GIVE LAST NAME. FIRST NAME. AN0 MIDDLE INITIAL.) DANIEL 0. CONWILL, IV 6.25% OF 100% 26180 CURTISS-WRIGHT 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 (..." DAY OF MAY, 2009. fr w w H -I NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF ECUTED FOR C . ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC EXECUTIVE VICE JAMES P. MILLER PRESIDENT 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 091261339024 $5.00 05/06/2009 SDNY_GM_02755721 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 cc O 0 3 0 0 a a O ce, co' EFTA 00242643 EFTA01327759

V6OUV1NO All3 VW-my/No th I Lid 9 mum: 118 NOIIVULS!::40 IdVy0yly Vrd 03-0.4 SDNY_GM_02755722 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242644 EFTA01327760

U.S. Department of Transportation Federal Aviation Administration Date of Issue: May 4, 2009 Flight Standards Service Aircraft Registration Branch. AFS-760 AIR GHISLAINE INC SOUTHEASTERN MILLS INC ET-AL GO FLIGHT OPTIONS MC 26180 CURTISS WRIGHT PKWY RICHMOND HEIGHTS, OH 44143-1453 HAND DELIVERED TO IATS IN THE PD ROOM P.O. Box 25504 Oklahoma City. Oklahoma 73125-0504 140519544206 Toll Free: 1-866-7044715 WEB Address: http:vregistry.laa.gov T092291 This facsimile must be carried in the Aircraft as a Temporary Certificate of Registration for N493LX RAYTHEON AIRCRAFT COMPANY 400A Serial RK-244 and is valid until Jun 03, 2009. This is not an airworthiness certificate. For airworthiness information, contact the nearest Federal Aviation Administration Flight Standards District Office. ic3aralYiatuuti for Walter Binkley Manager, FAA Aircraft Registry, AFS-750 Federal Aviation Administration .VS-710-FA.X4 (1005) SDNY_GM_02 755723 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242645 EFTA01327761

SDNY_GM_02755724 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242646 EFTA01327762

A 72)v. Insured Aircraft Tit e Service, Inc. T P.O. Box 19527 4848 SW Nth Street i4Thensureclaucraft corn Federal Aviation Administration Aircraft Registry Oklahoma City, Ok Oklahoma City, O1/4 73144 (405) 681-6663 73179 (800) 654-4882 FAX (405) 681-9299 Date: 5-4-cA Gentlemen: Please issue a duplicate certificate on the aircraft herein described: N 4615LX Make & 1/41* -0Y) ff"W. Model qcoA SIN RK-A414 to the present registered owner: night. Dp.hovi6, • Certificate has been lost in mail or Customer has misplaced the certificate ••••Please issue a Flying Time Wire for this aircraft to Insured Aircraft Tide Service, In in the Public Documents room. Thank you, By: Documentation Specialist Certti Certificate Registration to Return ARM Return Certificate of registration to LA. T.S SDNY_GM_02755725 Acceptor, DM May/04/2009 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242647 EFTA01327763

dS)C.\\ LAITI VHOIPI1NO AilO vvc)HV1NO 2h I 41c1 h ANW 6001 119 liV8381V Vid 1111* 03111 SDNY_GM_02755726 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242648 EFTA01327764

FORS. APPROPED CIAS No 2I20400 UMW SEMIS OF /MEW* DEPARTLENT OF 1RANSPOROMEM MOM. —a Memeenanymise emenedRIPAL RoseCerT OINIIII AIRCRAFT REOSTRATION APPLICATCM CERT ISSUE DATE UM110 STATES 1410.111.1MON mama N 493LX AIRCRAFT MANUFACTURER & ICOEL Raytheon Aircraft Calvary 403A AIRCRAFT SERIAL to. PX- 244 FOR FM USE ONW TYPE OF REGISTRATION O* no Mee 0 I. Inclinduil 0 2. Pwbenalp 0 3 COTOrabon jo 4. Co-oanle 0 S. 1300 0 A NAME OF APOUCAPTI "Nana) /Nat a a staal. re an Iry rem erd SO* SI attance of o..erino re 1.) Air Ghislaine, Inc. 6.25% of 100% • (see Attachient Cia.i.ed sq.-0g) TELEPNCOM MASER. 4 I ADOREES Worn Ta NJ COMM sod nu 2. 000X ERN" Paw Monne mmI Imo be ;N.,) smalit ith est 0ptials, LLC Miner in Set 26103 Cu- tiss - Wright Parbev Awe ,....,: rG Gar Cr Richnand Heights sun CH DP COOS 44143 O CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS OTENTION1 Reed the following statement talon signing this applkation. This nation MUST be completed. A Ube of Onions, Answer is en, Gaon en oppearbon nonwoven led pmenem ey Vs eV , a onreo-eass NS Co . TS, OA Sec WOO CERTIFICATION . wins., That In on. stun a non try Me monism, applcent ate panne, Cones conneee) cd re urea:, Soma fro sole" nit. gra are 01 New ONCK 0111 AS APPROPRIATE • 0 A MSS S an an ..wean Soon l. isi or tom. 1.5511 No tt X] A tchessen oseetelen wpm*" ard dor" weans vow the M ,, mow Del Mare arg":"sn206-Calng etaag..tirafaliVitninlar ''' MN" en Mee * ace Nash wow to teas of ary tow, =tin ate 131 The ,.s seta ei onnento 4 42444CIC• .44 Pr 1.O MI IV r44•4 Anne hannetraen NOTE: I 'seethed lee 03-ONNIN)111 100Caate must sqn um it.... SA It Meeenre. TYPE GA PANT NAME SIGNATURE fig b x ill A 11 SKIMATURE 11" Executive Vice Presider of nicht Options, LLC .6.--1 —ol Janes P. Miller , *matting as Attcney - In - Fasits fix Air Ghislaine. Inc. EMNMVIE 1111.1 0Alt 11011 ere" ANN el IN Naas <4 Ara* apertasen to mar me, en :codes forepaw" morn cd P3 Oen. *so stip hue re Na copy 0 en spraceso, mai te wad o n" aeon ACfo ol2650.10003) EtosNicasoon SDNY_GP.1_02755727 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242649 EFTA01327765

vrionvimo • vrinwrnm gh I Wd t al NOZ 29 N0IEVILLSIS;b11O1101111/ VVA HIV/ 03114 SONYGM02755728 T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242650 EFTA01327766

ATTACHMENT TO AIRCRAFT REGISJRATION APPLICATION cf01.< FOCI 1.) 2.) 3.) 4.) 6.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 16.) 16.) Reg #: Model: S/NO: Name of Applicant: N493LX Address: Raytheon Aircraft Company 400A RK-244 Owning an undivided Interest of: Southeastern Mills, Inc. 12.60% of 100% Shown on Original form hereto SameIr, Inc. 6.26% of 100% Shown on Original form hereto Ascent II, LLC 3.126% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.26% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.26% 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 Emerll Alr, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.126% of 100% Shown on Original form hereto Wells Fargo Bank Northwest, N. A. - Trustee 6.25% of 100% Shown on Original form hereto MountvIlle Mills, Inc. 6.26% of 100% Shown on Original form hereto Robert L Emery & Dana M. Emery - Trustees 6.25% of 100% Shown on Original form hereto Two Big Bears, LLC 6.25% of 100% Shown on Original form hereto Parks Aviation, LLC 9.375% of 100% Shown on Original form hereto Flight Options. LLC 625% of 100% Shown on Original form hereto Signatures: Title: Date: Executive Vice President of Flight Options. LLC Acting as Attorney-in-Fact for 02.3.4.5.6.7.8.9.10.11.12:13,14,15 Executive Vice President of Flight Options. LLC for #16 5-/-al By signing above. eie applicant agrees an0 Stipulates (I) to the In. conditions and certScation of the AC Form 8050.1 Aircraft RegIstrabon Application. to which this papa b antrened (the 'Application". (II) Matelot the eformatIon set loth on It. Application is true and correct as,eif Mis date, 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 WI suds counterparts shaa together constitute but one and the same application. SDNY_GM_02755729 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 0024265I EFTA01327767

ViVOIIC1NO 1,110 liCifiV1)10 Oh I Wd T AIII4600Z NOIMIISVJA 12VEOVIV vyj 131IJ SDNY_GM_02755730 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 1O, 15, and 17 EFTA_00242652 EFTA01327768

FORM APPROVED OMB NO 2120-0042 UNITED STATES OF AMERICA U. S. MPARTMBIT OF IRMIWNIIIIIIM MM. AIMIMI AIMMIRATIM AIRCRAFT BILL OF SALE Write In This Blodc Do F Not OR 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 REGISTRATION NUMBER N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS /Sr DAY OF rn ., 2009 HEREBY SELL, GRANT, T NSFER 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. ANO MIDDLE INITIAL.) AIR GHISLAINE, INC. 6.25% OF 100% 26180 CURTISS-WRIGHT 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 19rDAY OF 2009 SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) I XECUTED FOR C P, ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC EXECUTIVE VICE JAMES P. MILLER PRESIDENT 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 $5.00 05/C11/2009 45/0442009-e_x--- SDNY_GM_02755731 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 0 3 O O 1.0 0 0 3 0 0 a a O O O O Dn EFTA_00242653 EFTA01327769

" 0 "tik0 All0 vilf.uvuo Oh I bid I Autj 6801 ao /1011VIIIS‘r,;i1 LirtiOWV VV.I (131:3 SDNY_GM_02755732 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 1O, 15, and 17 EFTA_00242654 EFTA01327770

FON/ WOOED CRE Ile M04:041 UMW STATES OP AMERCA DEBARMENT OF mAnsAcarAncei resew. AMEN AOSESIMMEE MONANTER. CERT. ISSUE DATE TIONRONE canes MAME REGISTRATION APPUCAIXIN UWE° STTES ill REGISTRATION ANUMBER II ogii X EMMET IMPALIMMIFIER S WOE Raytheon Aircraft Conpany 4COA AIRCRAFT SERIAL No. RX-244 FOR FM USE ONLY TYPE OF REGISTRATION (OM cm MN O I. MORRIE O E MIME* O 3. CEPOrMon Ige. Con O & GEM 0 a. Nra).4" NME OF APPLICANT IPenoNN Mom en Elem. W omenhp II IMMO. give El new IM nem sM Mee NMI 9 15.) Flight Options, LLC 12.50E of 100E (See Attachrrent ctetket 4-7-04) TeamoNE maw i ) ADORES Mememal Mod edam tkw MI embun RIM/00 P0. SCR II ImEMMITIA Mims ImImi tmomm) Fligh Options, LLC NEM ad OM 26180 Curtiss-Wight Parlosey ME Mee PO Sea an Richnzpi Heights EKE OH ZIP GOOF 44143 0 CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS ATTENT1ONI Rood ths following ststsmont Sion signing this @pollution. This portion MUST Po completed. A IIII• IP MEM PIMPI la AM Ma6cA n Es apemen my t• p04 lo- mare by Me rd 1 o, no men, US Cade. TIM III. SIR 10E) CERTIFICATION qi CERTIFY (I) TM n. atm war is mead by em mamma S int me is a Often prop capprelkesl 0 Re Med SIME. par Mrs Pa W nem al roar I. 0r MEGA ONE AS APPROPRIATE M C A NOM Sr Or OA ferfar (Pr. I.IN dr Fenn 1.5511 No b O A romPlan Mw. .n ametied WE dory Nana Ms Me Ms al MINN Rd said sunk • bred AM IMAM wad a Re UMW ERA Am* or IMP Tom anI amMe IN P•00001 ai Ca TM Re eim/t Is MI MORE My Po less ol wit Mips may. otl PP) TM ay Mew 0 amine • sumo of hm ten AM se Re Pedant Mken Adniamon NOTE: I moose lot coon whip ell ..Las mum Woo WP num Ode II MCIPME TYPE OR PRINT OW SIGNATURE Ili 8 i l' l i i I 80M" . TITLE Executive Vice President of Flight Options, LLC DATE 44- 7 -0q LIRE James P. Miller MIA DATE SIGNATURE TITLE DATE NOTE MGM O as Ceacs. S ME TAITIMMen. re aratti Cm it weal suss no a suss si to "INIM dem am rat thr Re PM OW/ di des ePOPln mei be CAME 4n me siocrall AC Arm COW (SEW) IC052404284O31) SDNY_GM_02755733 3 7.) O T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242655 EFTA01327771

• • • • vv+0101)1° 1110 vv.' iiviv0 OS I ;Ad L Bag 1°2 U2 t40:vivysiivs:::.%.,143iiiiv:001V n i SONY_GM_02755734 :T TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, EFTA_00242656 EFTA01327772

ATTACHMENT TO AIRCRAFT REGISTRATION dat€ d - 1 -01 APPLICATION 1.) 2.) 3.) 4.) 6.) 6.) 7.) 8.) 9.) 10.) 11.) 12.) 13.) 14.) 15.) 16.) Reg # Model SIN# Name of Applicant: Southeastern Mills, Inc. N493LX Address: Shown on Original form hereto Raytheon Aircraft Company 400A RK-244 Owning an undivided Interest of: 12.50% of 100% Samalr, Inc. 6.26% of 100% Shown on Original form hereto Ascent II, LLC 3.126% of 100% Shown on Original form hereto Prime Time Associates, LLC 6.25% of 100% Shown on Original form hereto Dockery Leasing Corporation 6.26% of 100% Shown on Original form hereto JHPH, LLC 6.25% of 100% Shown on Original form hereto George H. Davis, Jr. 3.126% of 100% Shown on Original form hereto Smell' Air, LLC 6.25% of 100% Shown on Original form hereto Air Leader, Inc. 3.126% of 100% Shown on Original form hereto Wells Fargo Bank Northwest, N. A. - Trustee 6.25% of 100% Shown on Original form hereto Mountville Mills, Inc. 6.26% of 100% Shown on Original form hereto Robert L Emery ES Dana M. Emery - Trustees 6.26% of 100% Shown on Original form hereto Two Big Bears, LLC 6.26% of 100% Shown on Original form hereto Parks Aviation, LLC 9.375% of 100% Shown on Original form hereto Signatures: Title: Date: Executive Vice President of Flight Options, LLC Acting as Attorney-in-Fact for #1.2.3.4.5.8.7.8.9.10,11.12.13.14 Q7-04 By siring above. Me applicant agrees and sitpulales (I) to the tams, conditions and Certification of the AC Form 8050-1 Aircraft Registration Application. to which this page b attached Brie Application (II) that al of the Information set forth on cur *mutation Is true and correct as of this dale. and (III) the Application may be executed by the co-owners by exeCuling separate COunterpan signature pages. each of which when so executed and delivered shall be an original. but all such counterpane shall together constitute but one and the same applicabon SDNY_GM_02755735 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242657 EFTA01327773

VW0,41U0 A110 .•11V1)10 OS I hid L gal 6001 .11./U,1{1 Itr Fa: • SDNY_GM_02755736 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242658 EFTA01327774

FORM APPROVED OMB NO 21204042 UNITED STATES OF AMERICA U.& 0HIMIHENT If TIUUMMITHI0N MGM AMAMI MAIM= AIRCRAFT BILL OF SALE Write Pis Block Do F Na OR FM In 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 N 493LX AIRCRAFT MANUFACTURER & MODEL RAYTHEON AIRCRAFT COMPANY 400A AIRCRAFT SERIAL NO. RK-244 DOES THIS 1 m DAY OF Apr; 1 ., 2009 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.) PARKS AVIATION, LLC 9.375% OF 100% 26180 CURTISS-WRIGHT 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 1 1" DAY OF April., 2009. SELLER NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF ECUTED FOR CO , ALL MUST SIGN.) TITLE (TYPED OR PRINTED) FLIGHT OPTIONS, LLC EXECUTIVE VICE AMES P. MILLER PRESIDENT 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 $5.00 04/07,2009 SDNY_GM_02755737 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 w a 0 3 00 a a O O O O yn EFTA_00242659 EFTA01327775

VPIOAV1)10 All0 VW •HV1N0 OS T bid L ildbl 6002 US NOLLVElStA 10133211V VVJ HUY 43114 SDNY_GM_02 755738 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242660 EFTA01327776

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION CROSS-REFERENCE—RECORDATION WORDED CONYE1 ANCE FILED IN: NNUM: 493LX SERIAL NUM: RE-244 IODEL: RAYTHFDN AIRCRAFT COMPANY 400A AIR CARRIER: This form is to be used in cases where a convelaince cones scroll aircraft and engines, propellers, or locations. File original of this form with the recorded COMMIDCC and a copy in each aircraft (War involved. TYPE OF CONVEYANCE AIRCRAFT MORTGAGE AND SECURITY AGREEMENT DATE EXECUTED 3/20M9 FROM FLIGHT OPTIONS LLC DOCUMENT NO. LA00 I S48 TOOR ASSIGNED TO FO FINANCING LLC DATE RECORDED APR 01. 2009 THE FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE: Total Aircraft: I Total Engines: I Total Props: i Total Sparc Parts: N493LX P&W C JTI 5D-5 PCE-JA0257 P&W C JTI5D-5 PCE-JA0256 WS-7.50-23R(0VOS) SDNY_GM_02 755739 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242661 EFTA01327777

SDNY_GM_02755740 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242662 EFTA01327778

CERTWIED COPY TO BE RECORDED BY FM AIRCRAFT MORTGAGE AND SECURITY AGREEMENT dated as of March .4O, 2009 made by FLIGHT OPTIONS, LLC in favor of FO FINANCING, LLC as Mortgagee CHI99 301161304.066497.0072 $15.00 03/20/2009 I hereby eel if) that I have compared this document with the origirel and it is strut and anon copy demo( Cis-C.4.! ck 4-14-4--e- SDNY_GM_02755741 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 r 8 0 a 0a 30 O O tl O tl EFTA_00242663 EFTA01327779

Vil0 WIN° Ally ne.i1V1N0 CO Z 61 02 NW 6001 'dB NOILVIIISPL:2111P/UOIJIV rid Flit,/ inlij SDNY_GM_02755742 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242664 EFTA01327780

TABLE OF CONTENTS SECTION I CERTAIN DEFINITIONS 1.1 Definitions SECTION 2 GRANTING CLAUSE 5 SECTION 3 REPRESENTATIONS AND WARRANTIES 6 SECTION 4 COVENANTS 6 4.1 Registration Maintenance and Operation 6 4.2 Liens 7 4.3 Taxes 7 4.4 Possession 8 4.5 Insurance 8 4.6 Modification and Additions 8 4.7 Reserved 8 4.8 Inspection 8 4.9 Reserved 8 4.10 Citizenship 9 4.11 Event of Loss with Respect to an Engine 9 4.12 Further Assurances 9 4.13 Sale of Aircraft 10 SECTION 5 RECEIPT, DISTRIBUTION AND APPLICATION OF INCOME 10 5.1 Application of Proceeds and Amounts Realized On Mortgage Collateral 10 SECTION 6 EVENTS OF DEFAULT AND REMEDIES 10 6.1 Remedies 10 6.2 Pocancion of Mortgage Collateral 10 6.3 Sale and Suits for Enforcement 11 6.4 Waiver of Appraisement, etc 12 6.5 Remedies Cumulative 12 6.6 Application of Proceeds 12 6.7 Delay or Omission; Possession of Loan Certificates 12 6.8 Mortgagee's Right to Perform for the Grantor 12 CHI99 1086130-5.06640.0072 SDNY_GM_02755743 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242665 EFTA01327781

SDNY GM 02755744 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242666 EFTA01327782

6.9 Deregistration 12 6.10 Speedy Relief Remedies 13 SECTION 7 MISCELLANEOUS PROVISIONS 13 7.1 Amendments, etc 13 7.2 Indemnification 13 7.3 Reserved 14 7.4 Notices 14 7.5 Continuing Lien and Security Interest; Transfer, Release of Mortgage Collateral; Termination of Mortgage 14 7.6 Governing Law 14 7.7 Severability 15 EXHIBIT Exhibit A Credit and Security Agreement SCHEDULE Schedule 1 Description of Aircraft and Engines - - CHN9 50$61304.066497.0072 SDNY_GM_02755745 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00242667 EFTA01327783

SDNY_GM_02755746 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242668 EFTA01327784

AIRCRAFT MORTGAGE AND SECURITY AGREEMENT, dated as of March „If) 2009 (the "Mortiote") made by FLIGHT OPTIONS. LLC, a Delaware limited liability company (the "Grantor") with its chief executive office and principal place of business at 26180 Curtiss Wright Parkway. Cleveland, Ohio 44143, in favor of FO FINANCING. LLC, a Delaware limited liability company, as Lender under the Credit and Security Agreement defined below (the "Mortgagee"). WITNESSETH: WHEREAS, the Grantor and the Mortgagee are parties to that certain Amended and Restated Credit and Security Agreement dated of even date herewith attached hereto as Exhibit A (as amended, amended and restated, joined, supplemented or otherwise modified from time to time, the "Credit and Security Agreement") pursuant to which Mortgagee has agreed to make certain loans and advances to the Grantor subject to the terms and conditions set forth therein; NOW, THEREFORE, to secure indebtedness of the Grantor to the Mortgagee arising under the Credit and Security Agreement, and the repayment of all sums due under the other Loan Documents, as defined in the Credit and Security Agreement, whether direct or indirect, absolute or contingent, joint or several, or now or hereafter existing, the Grantor hereby agrees with the Mortgagee as follows: SECTION 1 CERTAIN DEFINITIONS 1.1 Definitions. Unless otherwise defined herein, capitalized term defined herein shall have the respective meanings ascribed to them in the Credit and Security Agreement. All other capitalized terms defined in the preamble and recitals to this Mortgage shall have the respective meanings ascribed to them therein and the following terms shall have the following defined meanings (and shall be applicable to both the singular and the plural forms of such terms): "Act": the Transportation Act, 49 U.S.C. §§4010I, et. seq., as amended, and any similar legislation of the United States of America enacted in substitution or replacement thereof; together with the regulations of the FAA thereunder, as in effect from time to time. "Aircraft": collectively, each Airframe, together with the Engines installed thereon as of the date hereof, described in Schedule 1 hereto (or any Engine substituted for one of said Engines pursuant to subsection 4.11 hereof), whether or not any of said existing or substitute Engines may from time to time be installed on such Airframe, to the extent of the Grantor's ownership interest therein. "Aircraft Protocol": the official English language text of the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, adopted on 16 November 2001 at a diplomatic conference held in Cape Town, as the same may be amended or modified from time to time. "Airframe": that certain airframe which forms part of the Aircraft, excluding the Engines or engines from time to time installed thereon, either originally mortgaged hereunder and CHI99 5086130-5.06607.0072 S134CoM_0275574i SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242669 EFTA01327785

SDNYGMJ32755748 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00242670 EFTA01327786