-00' 000000794 Diu et US.Department of Transpociation Federal Aviation Administration ASSIGNMENT OF SPECIAL REGISTRATION NUMBERS Special Registration Number N 9OBJE Aircraft Make and Model BOE LNG 7.27.:-:- 31 Present Registration Number N 50515 Serial Number 20115 1384O1O 411 ICAO AIRCRAFT . ADDRESS CODE , . FOR 149O8JE.-7 53106661 , JEGE INC . 1 ,, CIAO*1) TO 2@01 1\0 B‘1 kli° DM Issue Date: MARCH.249 2001 This is your authority to change the United States registra- tion number on the above described aircraft to the special registration number shown. Carry duplicate of this form in the aircraft together with the old registration certificate as interim authority to operate the aircraft pending receipt of revised certificate of registration. Obtain a revised certificate of airworthiness from your near- est Flight Standards District Office. The latest FAA Form 8130-6, Application For Airworthiness on file is dated: JULY 23. 1990 The airworthiness classification and category: STD TR ANS? 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 0 affixed on the aircraft. A revised certificate will then be issued. This authority is valid for 90 days from the issue date. The authority to use the special number expires: MARCH 249 2002 CERTIFICATION: I certify aircraft described above. Signature of Owner. that the special registration number was placed on the ' , , , RETURN FORM TO: • 'l Aviation Registry, AFS-750 . Box 25504 ahoma City, Oklahoma 73125-0504 T of Owner: RL-ST ID 6. f\-rr Date Placed on Aircraft: AC Form 8050-64 (6/95) Supersedes Previous Edition EFTA00277967

• .1 I 7 • • r4 r • ; 4)-) I r .1 1 hti O • • 4 ' I # • I • • • • I ti ••• (dl j• • • • • 0 • • 1 I ..• at ....et I Or •••••••••*$ 0IIP Fl ED WITH FA iii f,ir; - r 7 :1 • 01 0) '01:APR 9 API 11 06 1 •-•-• • • • • • OcUkii0liA CITY OKLAHOMA ar. f Pe • • • • • , AA • • 4' ti 4 • * • • Jr. • • - r • ' • • • it I • ••-• 6 • • 'w ▪ a a...••••• ( " • • if el• • • rota • 1 • &; • a J ., • f • • t4• • a • I ; • • 1. • ref • .4, • • ID • ft :1/4)i) • • .1 EFTA00277968

.o o o o o Kr Insured Aircraft Title Service, Inc, M. Box 19527 • Oklahoma City, Oklahoma 73144 • FAX #405-681-9299 FEDERAL AVIATION ADMINISMA'11ON CENTRAL RECORDS DIVISION OKLAHOMA CITY, OK C._ntlerren: Please reserve N 21 MAR knit 3-057. ONLY for: DATE: 1-24-01 WHEN AVAILABLE RESERVE N ********************************************************************************* Please reserve N 908JE for assignment to the following aircraft: N505LS* Boeing 727-31 20115 Current N# Make Model Serial # Which is (1) being purchased by: X X JEGE, Inc. or (2) is Legistered to: c/o IATS, PO Box 19527 Okla. City, OK 73144 • orne411 an ea 510-00 01/24/2001 Payment of the required $10 fbe per number to reserve it for one year is attached. If the prefeLLed. N number is not available, please contact the undersigned for a selection of a new number. Please send thqlatter of confirmation for th Service in the M. Room. ADDITIONAL INFORMATION: to Insured Aircraft Title *See Part III for the completion of the N number change. , 1 ; , t rs ,J REQUESTED BY: 0QU\ c a.C3Cr-} Serving the Aviation Financial Community for over 30 years EFTA00277969

FILED WITH FAA AIRCRAFT REGISTRATION BR '01 JON 29 1119 11 19 OKLAHOMA CITY OKLAHOMA • 1 • • gb • 44, ) *rs EFTA00277970

FORM APPROVED OMB No. 2120-0042 0 0 D 0 0 UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION FEDVAL AVIATION ADMINISTRATION-MIKE MONRONEY AERONAUTICAL CENTER [4,...../ AIRCRAFT REGISTRATION APPLICATION ,,j CERT. ISSUE DATE UNITED STATES M REGISTRATION NUMBER 11 505LS AIRCRAFT MANUFACTURER & MODEL Boeing 727-31 .- i;., JAN 2 5 2001 AIRCRAFT SERIAL No. 20115 FOR FAA USE ONLY TYPE OF REGISTRATION (Check one box) • 1. Individual 0 2. Partnership [ 3. Corporation • 4. Co-owner • 5. Gov't. 0 8. Non-Citizen Corporation NAME OF APPLICANT (Person(s) shown on evidence of ownership. If individual, give last name, first name, and middle initial.) JEGE, Inc. TELEPHONE NUMBER: ( 30 656-1950 ADDRESS (Permanent mailing address for first applicant listed.) Number and street: Rural Route: • Box: CITY Wilmington STATE DE ZIP CODE 19803 Ill A (U.S. • 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. false or dishonest answer to any question in this application may be grounds for punishment by fine and / or imprisonment Code, Title 18, Sec. 1001). CERTIFICATION UWE CERTIFY: (1) That the above aircraft is owned by the undersigned applicant, who is a citizen (including corporations) of the United States. (For voting trust, give name of trustee: ), or: CHECK ONE AS APPROPRIATE: a. D A resident alien, with alien registration (Form 1-151 or Form 1-551) No b. 0 A non-citizen corporation organized and doing business under the laws of (state) and said aircraft is based and primarily used in the United States. Records or flight hours are available for 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 been filed with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants must sign. Use reverse side if necessary. TYPE OR PRINT NAME BELOW SIGNATURE ti 1 li 71 SIGNATURE - PrPSide-It DAT i ll Of 7 Illz st,2_,, <<z O- c...) 0 SIG TUBE , TITLE ISSUED TEMP CE 17EGN ---1 DATE 1 OF i (I) F l 0— ul SIGNATURE TITLE 0 EXHIHE DATE 2 _2v 6/ n't-.3 - . T 0 /0_577 NOTE Pending receipt of 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 carried in the aircraft. AC Form 8050-1 (12/90) (0052-00-628-9007) Supersedes Previous Edition EFTA00277971

FILED WITH FAA AIRCRAFT REGISTRATION BR 2001 JP.N 19 flIll 11 54 OKLAHOMA CITY OKLAHOMA EFTA00277972

UUTED STATES OF AMERICA U.S. DEPARTMENT OF IRANOORlaION ODERt0AVIATUI ADUISTROON AIRCRAFT BILL OF SALE - I FOR AND IN CONSIDERATION OF $t. THE • UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED STATES REGISTRATION NUMBER 14 505LS AIRCRAFT MANUFACTURER & MODEL Boeing 727-31 AIRCRAFT SERIAL No. 20115 DOES THIS / 0, DAY OF 2ifOGI HEREBY SELL, GRANT, TRANS R AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS 111 IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS (IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL) JEGE, Inc. 457 Madison Ave, 4th Floor New York NY £' 10022 FORM APPROVED OMB NO. 2120-0042 9 ≤1 ;CC015169 L., - CONVEYANCE RECORDED 2001 JRN 25 fill 9 09 FEDERAL AVIATION '34j.• httN DEALER CERTIFICATE NUMBER AND TO 4...Z-LS 97Ar- CA SS 0--YS S, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF HAVE SET HAND AND SEAL THIS 79 ) AC DAY OF TIT • NAME (S) OF SELLER (TYPED OR PRINTED) Real Estate Ex- change, TRFL. SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST SIGN.) ditibezxao,„_. Ei)75)( (TYPED OR PRINTED) Vice President ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA REetilolt§,- ,aligEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) J. 9523 St5. 00 01 119, 2001 ORIGINAL: TO FAA AC Form 8050-2 (9/92) (NSN 0052-00-629-0003) Supersedes Previous Edition EFTA00277973

4 , r-,;- • - O. ,11 FILED WITH FAA AIRCRAFT REGISTRATION BR 2001 AN 19 fifi 11 59 OKLAHOMA CITY OKLAHOMA • • EFTA00277974

0 .0 0 0 0 '0 0 9 4 9 DEPARTMENT OF TRANSPORTATION LIO-( 00015168 FEDERAL AVIATION ADMINISTRATION - • CONVEYANCE RECORDED 2001 JAN 25 1111 9 02 FEDERAL AVIATION ADMINISTRATION SEE RECORDED CONVEYANCE NUMBER <0 2 -g 7-/-3 FICHE# 3 PAGER 31-21 THIS FORM SERVES TWO PURPOSES: PART I acknowledges the recording of a security conveyance covering the collateral shown. PART II is a suggested form of release which may be used to release the collateral from the terms of the conveyance. PART I- CONVEYANCE RECORDATION NOTICE NAME (last name first) OF DEBTOR Real Estate Exchange, Inc. NAME and ADDRESS OF SECURED PARTY/ASSIGNEE Limited Service Corporation c/o Timothy P. Stehle The Limited, Inc. 4387 International Gateway Columbus, Ohio 43219 NAME OF SECURED PARTY'S ASSIGNOR (if assigned) N/A FAA REGISTRATION NUMBER N505LS AIRCRAFT SERIAL NUMBER 20115 AIRCRAFT MFR. (BUILDER) and MODEL Boeing 727-31 ENGINE MFR. And MODEL Pratt & Whitney, JT8D-219 (position 1 & 3) and JT8D- 7B (position 2) ENGINE SERIAL NUMBER (S) 726121(position 1), 654373 (position 2) & 726122 (position 3) PROPELLER MFR. And MODEL None PROPELLER SERIAL NUMBER (S) None THE SECURITY CONVEYANCE THE FAA AIRCRAFT REGISTRY DATED i11/16/00 a ON atop COVERING THE ABOVE COLLATERAL filed 11/16/00 WAS RECORDED BY _ 01)213 __. AS CONVEYANCE NUMBER FAA CONVEYANCE EXAMINER PART II - RELEASE - (This suggested release form may be executed by the secured party and returned to the FAA Aircraft Registry when the terms of the conveyance have been satisfied. See below for additional information) THE UNDERSIGNED HEREBY THE NOTE OR OTHER ABOVE-DESCRIBED COLLATERAL THE CONVEYANCE. ANY TRANSFERRED, AND ASSIGNED PARTY IF THE CONVEYANCE NOR IMPLIED BY REASON A PERSON SIGNING FOR AND MUST SHOW HIS TITLE. AVIATION REGULATIONS CERTIFIES AND EVIDENCE OF INDEBTEDNESS AND THAT TITLE RETAINED IN TO THE PARTY SHALL HAVE BEEN OF EXECUTION OR DATE OF SIGNATURE TITLE ACKNOWLEDGES THAT HE IS THE TRUE AND LAWFUL HOLDER OF SECURED BY THE CONVEYANCE REFERRED TO HEREIN ON THE THE SAME COLLATERAL IS HEREBY RELEASED FROM THE TERMS OF THE COLLATERAL BY THE CONVEYANCE IS HEREBY SOLD, GRANTED, WHO EXECUTED THE CONVEYANCE, OR TO THE ASSIGNEE OF SAID ASSIGNED: PROVIDED, THAT NO EXPRESS WARRANTY IS GIVEN DELIVERY OF THIS RELEASE. GJ RELEASE: • 7f / * , LIMIT SE CE CORPORATION ME SECURITY HOLDER) r (in ink) Kerineth B. Gilman President A CORPORATION MUST BE A CORPORATE OFFICER OR HOLD A MANAGERIAL POSITION A PERSON SIGNING FOR ANOTHER SHOULD SEE PARTS 47 AND 49 OF THE FEDERAL (14 CFR) AC Form 8050-41 (7-83) (0052-00-543-9001 EFTA00277975

FILED WITH FAA AIRCRAFT REGISTRATION BR 2001 AN 19 AM 11 59 OKLAHOMA CITY OKLAHOMA 9h EFTA00277976

3 U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION CROSS-REFERENCE-RECORDATION SEE CONVEYANCE NO FILING DATE: This form is to be used in cases where a conveyance covers several aircraft and engines, propellers, or locations. File original of this form with the recorded conveyance and a copy in each aircraft folder involved. TYPE OF CONVEYANCE AIRCRAFT SECURITY AGREEMENT DATE EXECUTED November 16, 2000 FROM REAL ESTATE EXCHANGE, INC. DOCUMENT NO. K028213 TO OR ASSIGNED TO LEvII1ED SERVICE CORP. DATE RECORDED December 18, 2000 THE FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE: AIRCRAFT (List by registration number) TOTAL NUMBER INVOLVED 1 N505LS ENGINES TOTAL NUMBER INVOLVED 3 MAKE(S) PRATT & WHITNEY JT8D-219 PRATT & WHITNEY JT8D-7B SERIAL NO. 726121, 726122 654373 PROPELLERS TOTAL NUMBER INVOLVED MAKE(S) SERIAL NO. SPARE PARTS -LOCATIONS TOTAL NUMBER INVOLVED LOCATION RECORDED CONVEYANCE FILED IN: N505LS, BOEING 727-31, SN: 20115 AC FORM 8050-23 (1-96) (0052-00-582-6000) EFTA00277977

EFTA00277978

0 0 0 0 0 0 8 3 6 AIRCRAFT SECURITY AGREEMENT . Debtor: Real Estate Exchange, Inc. 900 SW 5th Avenue Mezz. Level Portland, Oregon 97204 Secured Party: Limited Service Corporation do Timothy P. Stehle The Limited, Inc. 4387 International Gateway Columbus, Ohio 43219 Date: , 2000 Complete description of collateral being mortgaged: )9 K 0 2 8 2 1 3 CONVEYANCE RECORDED OEC 18 Pig 1 3S FEDERAL AVIATION ADMINISTRATION Aircraft: FAA Registration Number - N505LS Make and Model - Boeing 727-31 Serial Number - 20115 Engines: Two Pratt & Whitney engines, model number JT8D-219, serial numbers 726121 and 726122; and Pratt & Whitney engine, model number JT8D-7B, serial number 654373 Spare Parts Locations: None (not exhaustive) together with all equipment and accessories attached thereto or used in connection therewith, all spare parts, all replacements, and all proceeds of the foregoing (whether accounts, general intangibles, instruments, documents, money, or goods), all of which are included in the term "Aircraft" as used herein. 1. GRANT OF LIEN AND SECURITY INTEREST Section 1.01. Debtor hereby grants a lien on and security interest in the Aircraft to Secured Party for the purpose of securing the following obligations (the "obig Ria5 6 • ghe order named: 55.00 11/16/2000 FIRST: The payment of all indebtedness evidenced by and according to the terms of that certain promissory note dated as of October 22, 1998, executed by Debtor and payable to the order of Secured Party in the aggregate principal amount of Forty-Two Million Dollars ($42,000,000), with interest thereon at the rate of the prime rate of interest per annum announced from time to time by Bank One, N.A. (the "Prime Rate"), compounded from such I t 003211450328 95.00 11/16/2000 ' 1 003211454135 $5.00 11/16/2000 EFTA00277979

;i_ I VtiOlitr70 A 213 1/U014ft/7)1;0 SE WO 0 tild 91110N 00, . :USE:3 it`r17.1-4 tor tied 04714 • • EFTA00277980

10000 005837 31-17 SECOND: (1) The prompt and faithful discharge and performance of (a) each agreement of Debtor herein contained made with or for the benefit of Secured Party in connection with the Obligations secured hereby and (b) each of the other documents executed by Debtor in connection herewith or with the Note, and (2) the repayment of any sums expended or advanced by or on behalf of Secured Party or Debtor for the maintenance or preservation of the property mortgaged hereby or in enforcing Secured Party's rights hereunder or thereunder. 2. DEBTOR'S REPRESENTATIONS. WARRANTIES AND COVENANTS Section 2.01. Debtor hereby represents and hereby warrants to Secured Party that it is the absolute owner of all of the legal and equitable title to the Aircraft and in possession thereof and that the same is free and clear of all liens, encumbrances, and adverse claims whatsoever. Section 2_02. Debtor hereby agrees to (a) maintain, at its expense and with reputable, licensed insurers, insurance naming it and Secured Party as named insureds in the following types and amounts: (i) hull insurance in amount not less than $21,000,000; (ii) liability insurance in amount not less that $300,000,000 per occurrence as respects ground risks; and, (iii) liability insurance in amount not less that $300,000,000 with respect to the Aircraft for all times during which the Aircraft is engaged in flight operations; (b) convey or suffer to exist no interest in the Aircraft without the express written consent of Secured Party; and (c) indemnify and save and hold harmless Secured Party for and against any and all claims, losses or expenses arising out of Debtor's (i) possession, operation or use of the Aircraft or (ii) breach or failure to comply with any provision of the Note or this Security Agreement to be kept and performed by Debtor. Section 2.03. Debtor will, at its own cost and expense, (a) record, re-record, register, re- register, file and refile this Security Agreement, financing and continuation statements with respect thereto, and such other instruments as may from time to time be requested by Secured Party in all such jurisdictions and offices as Secured Party may from time to time request in order that (i) the lien and security interest provided by this Security Agreement is at all times a valid first and prior lien on and perfected security interest in the Aircraft, and (ii) the security for the Obligations and the rights and remedies of Secured Party may be established, confirmed, maintained and protected; and (b) furnish to Secured Party evidence satisfactory to Secured Party of every such recording, registering, filing and other action. Section 2.04. Debtor covenants, agrees and warrants that it will at all times defend and protect the lien and security interest created by this Security Agreement upon the Aircraft, and further covenants and agrees that it will hereafter from time to time, perform, execute, deliver and file or cause to be performed, executed, delivered and filed all such further and other acts, conveyances, transfers, instruments, financing statements, continuation statements and assurances as may be requested by Secured Party, for the better assuring, conveying, transferring, mortgaging, hypothecating and confirming unto Secured Party of all or any part of the Aircraft, whether now owned or hereafter acquired by Debtor, or for securing the rights and remedies of Secured Party. 2 EFTA00277981

341. 10 t ' EFTA00277982

i 0 0 0 0 0 0 8 8 Section 2.05. (a) Debtor will, at its own cost and expense, inspect, service, repair and maintain the Aircraft, or cause the Aircraft to be inspected, serviced, repaired and maintained, in good operating condition, and will cause the airworthiness certification of the Aircraft to be maintained in good standing at all times under the Federal Aviation Act. (b) Debtor shall, at its own cost and expense, replace or cause to be replaced all equipment and replacements which may from time to time be a part of the Aircraft and which from time to time may become worn out, lost, destroyed, confiscated or rendered unfit for use. Such equipment and replacements (i) shall be in as good operating condition and shall have a value and utility equal to that which the equipment or replacement being replaced would have had if it were in usual condition and good repair, and (ii) shall be owned by Debtor free and clear of all liens and encumbrances. All such equipment and replacements shall be and become a part of the Aircraft and shall be subject to all the terms of this Security Agreement. Replacements involving an engine and replacements involving major items of equipment shall be reported by Debtor to Secured Party promptly after such replacements are made, and such reports shall describe in reasonable detail the items so used as replacements and the items replaced thereby. (c) Any part or item of property may be removed from the Aircraft in order that the same may be replaced, inspected, repaired, reconditioned or otherwise serviced without affecting or impairing the lien and security interest of Secured Party with respect to such part or item of property. However, no replacement or equipment subject to the lien imposed by this Security Agreement or other item of property useful in connection with the operation of the Aircraft shall be removed therefrom or replaced except in accordance with this Section 2.05 and for the purposes of such replacement, inspection, repair, reconditioning or other service operation. Section 2.06. (a) Immediately after any engine which becomes a part of the Aircraft is replaced in accordance with the provisions of Section 2.05, Debtor will execute and deliver a supplement to this Security Agreement in form and substance satisfactory to Secured Party (the "Supplement"), which Supplement, among other things, shall cause the property described therein to be subject to the lien and security interest created under this Security Agreement. Section 2.07. Debtor covenants and agrees that it will comply with all applicable federal, state, municipal, territorial and foreign laws, ordinances, regulations and rules applicable to any of the Aircraft, and that it will not cause or permit the Aircraft to be used or operated in any manner contrary to any such law, ordinance, regulation or rule. Debtor also agrees not to fly the Aircraft, or suffer the Aircraft to be flown or located, in any area excluded from coverage by any insurance policy in effect with respect to the Aircraft or required by the terms hereof. Debtor also agrees, without limiting the generality of the foregoing, (a) not to fly or suffer the Aircraft to be flown or located in any of the former so-called "Iron-Curtain" countries or areas, including without limitation Russia, Ukraine, Georgia, Hungary, the Czech Republic, the Slovak Republic, Croatia, Bosnia-Herzegovina, Bulgaria, Albania, Poland, Rumania, Latvia, Estonia, Lithuania, Viet Nam, China, Cuba and North Korea, or in any satellite country of, or any territory occupied by, or under control of, Russia or China, or in Iraq, Iran or Afghanistan; and (b) not to use, fly or locate any of the Aircraft, or suffer any of the Aircraft to be used, flown or located, in or near any recognized or threatened area of hostilities unless fully covered to Secured Party's satisfaction by 3 EFTA00277983

EFTA00277984

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gg - IX. • . • • • • • re, • • • EFTA00277986

0 0 0 0 0 0 7 8 1 0 11 Site and such other information in connection therewith as Secured Party may reasonably requpst. The Aircraft shall not be removed from its Permanent Site to a location outside of the United States of America for any period of time without first notifying Secured Party in writing at least 30 days in advance of such removal; provided, however, that this prohibition shall not apply to routine flights from or to the United States of America in the ordinary course of business. (c) Debtor represents and warrants that Debtor has its principal business office at, and all of the original books of account and records of Debtor relating to the Aircraft are kept at, the address set forth for Debtor at the beginning of. Security Agreement. Neither the location of Debtor's principal office nor the location where such books of account and records are kept will be changed except in accordance with paragraph (d) of this Section 2.10. (d) Debtor will not establish any different location for the Permanent Site of the Aircraft, or for the place where the books of account and records on the Aircraft are kept, until (i) it shall have given to Secured Party written notice, at least 10 days before doing so, of its intention to establish such new location, clearly describing each such new location and providing such other information in connection therewith as Secured Party may reasonably request, and (ii) with respect to each such new location, it shall have taken such action, satisfactory to Secured Party, as may be necessary to maintain the security interest of Secured Party in the Aircraft granted hereunder at all times fully perfected and in full force and effect. Section 2.11. Debtor will immediately notify Secured Party of any change, of which Debtor has knowledge, which materially and adversely affects or may materially and adversely affect either Secured Party's or Debtor's right, title or interest in or to, or the value of, the Aircraft. Section 2.12. Debtor will pay when due any and all taxes, charges and assessments which are levied upon or with respect to the Aircraft and the operation thereof. Section 2.13. Debtor will furnish to Secured Party or make available to Secured Party for review as and when requested by Secured Party any information or documentation or records reasonably requested by Secured Party. 3. DEFAULT; REMEDIES Section 3.01. Time is of the essence of this Security Agreement. It is hereby agreed that, if default be made in the payment of any part of the principal or interest of the Note secured hereby at the time and in the manner therein specified, or if any breach be made of any of the other Obligations, or if any or all of the property covered hereby be hereafter sold, leased, transferred, mortgaged, or otherwise encumbered without the written consent of Secured Party first had and obtained, or in the event of attachment or seizure of the Aircraft under execution or other legal process, or if for any other reason Secured Party may deem itself insecure (each an "Event of Default"), then the whole principal sum unpaid upon the Note, with the interest accrued thereon, or advanced under the terms of this Security Agreement, or secured thereby, and 5 EFTA00277987

cagi— C . . EFTA00277988

9 •uriarry amp uo!4euasoid 10 Apoisno 珥o.1 0 arq uoseoI OSIOJOX0 1 poulaop oq TIM耶 `JOI叩α人q pa)sanbai os 4ou uviau/ am jo uou ins o 0瓖o3 s1q 1.1 Atre paloid amp :j E patuaap PpIlfluo LIONM 鶉‘I1t 111 pied pue p ogsues axe STI餌辜E8gqo Om go J1 0琅嘎01E3 arcituosE0I pospiaxo on q pump aq I佯邯仰ea pamoaS (① .pa鶉301 SI pros oq c1 ut Joirv a . =gm. a 靶1s e u! 角 10 A.1!0 Icu 翼JO '0ⅢO JO 0靶辜S `snqum op jo 0瓖嘎 Nati Arlittuo3sno are SITOI OM 0t'qnd10 saps oJoto . aoerd Aut W Nag aq ieu ores Irons . arts trons jo a龔p arojaq &CBI) oi ls珍a1 w 101巾a parlem S! j! °I非UOSe01 poutoop aq Hells pue pros aq Aliadoid jo uoucluosap jouq e e11103 imp `opeur oq ）SI ores Irons 'woM aourd aq pue `uotrAt awn am a14s Hugs z0-∼ uopoas srm m ns.md ores Sue jo aouom (p) .XIJ A dpamoos s 0 Sjo swim. Jotgo Irons pue mom/ 2djo 簍cooud st suoi4muoo Irons uodn `joatom 4 ed 人ue Jo <1Je工）1v am um: one or qnd 鶉uos ‘astAuomo JO 1110Z它 I Aq '人etu Ai.n a pa.moas (o) 0辜 0111IIEJ e loads= % loe cue Op 01 10 `SOT 北d loud lstur8它 u .101TV 0111. 01. 1.00小01 IM JO 0zuOs0 Aued pamoos jo a n1Irj ou pue '01e0 arqvuose OSIOJOXO 0q JI0S1! jo lou etis lsanbai lions 人ue 聰1crduloo 4Ailed pamoas JO ainuej 靶瓖SO8parMotproE imqoa . uouou po;sonbai am 0)1e1 01 41 d pa.moos uuuod awn 4U0TOⅠJflS u! 1ed poinoos 人q paATOOal SI isanbat 1101.11.1M. iatrunj papinoid pue ' jEJOI V 01.11 'Jo ant A 0111. 10 `ⅥS114跏 10 1JEJally 0t'1 III 1S0101111 A1.1.111.30S S， ea poinoas iFedul! prnam uouoe trans 'A1led pa.moaS jo maaapn 伸瓖嘎!TT uopoe palsanbaJ Irons Ate 0豇e3 pasmboi aq lou I ells Aued pa.moas 靶瓖pop恥ard '8 珥3sanbat Jolqoa e osodmd Joj uon<）℃rims soNe4 41 a poinoos uotssassod s ,Au a pamoaS tr! aq 人eM st u ioxrv am jo Irons jo uonemosaid pue Apolsno oq . Z0.E u01400S s11.11J0 ）-Ovae ed lopun Aped poinoas Aq proq 'tam 箬BJolty am jo I脾04919琅 suosiod JO 1.10SIOd 01:11 JoAqop 1玀Its 釦E i poinoa S atiu 10 fzo．∼ uouoas spi1 luens.md pros S! Urioxlv am. ① `JOOJOIT1 11 d )(JOAO pure uvioxlv jo jjoid put sonss! tonuanal 'swat 'sin 0A1030.1 pue polio° ABtu pue `u Jolly roJmoo p ue a8rum' `altrado `osn Jo/pue aims 'Nog &BUI 'a8Eurep JO SSOI JOJ ormsuodsoi &gag momyA pamoos . omes am 0A011101 pue Aq 窘utpoooold iamo JO uopoB `3.11sJoj I!gm inomtAk iolcroa jo sosimaid cuB uodn iama ABIII OSOCTIrld Tem JOJ pIM '08ttuup 10 SSOI /CUE JOJ OITSUOdSal 8tqaci 瓖辮ptit A2I JO SSOOOICI JO 00∼011 motrwA 10 1411M cptmoj Jonatoqm u BJury om. jo uo!ssassod a El cosTAuomo `S11108B S Aq Atm Aued parnoos ptre 'Alma pamoos p 010pMIMS aq q11 uruoj Bqs ma'am iolciaajo sltr u am jo pUB mouroaav A.Itinoas gm 04 400購11s uomu 'dJOJ1V 01.11 JO 1.1Bd Aue JO IB Jo uo!ss0ssod 0｝〔e1 (u) :imaq 04 a 鯽ou Aq 'Amu ApBd pa.moos arquoIrdde jo matuaimbat Siolepueul cuB sAeA1E loofqns Irtrejaa jo mona 1cuB JO aouaunooo am. uod〕 ．Z0．∼ uo 400S . A1.IM pampas jo uogdo otos am 靶°REABd pue onp amooaq Arompo1-Ui現TimiS `tioantn rsaramt b 砌g f 汐 8 彎 0 0 0 0 0 0〔 EFTA00277989

• • • • • • •I •••••• EFTA00277990

0 0 0 0 0 0 8 4 2 34-7 (e) Secured Party, with or without taking possession of the Aircraft, may take legal proceedings for: (1) the specific performance of any covenant or agreement herein contained or in aid of the execution of any right or power herein granted; (ii) foreclosure hereunder; (iii) the sale, under the judgment or decree of any court of competent jurisdiction, of the Aircraft or any part thereof; (iv) the appointment of a receiver or receivers pending any foreclosure hereunder or the sale of the Aircraft under an order of a court of competent jurisdiction or under executory or other legal process; (v) the recovery of judgment for the outstanding balance of the Obligations and the collection of the same out of any properties of Debtor; or (vi) the enforcement of any other appropriate remedy, and Secured Party shall be entitled, as a matter of right, to the appointment of a receiver of all or any part of the Aircraft. Section 3.03. Debtor hereby irrevocably appoints Secured Party, its agents and attorneys, successors and assigns, and each of them, the true and lawful attorneys of Debtor, in its name and stead, to make all necessary transfers of any part or all of the Aircraft in connection with any sale or other disposal thereof made pursuant to Section 3.02, and for that purpose they may execute all necessary instruments of assignment and transfer, Debtor hereby ratifying and confirming all that its said attorneys shall lawfully do by virtue hereof. Nevertheless, Debtor shall, if so requested by Secured Party, ratify and confirm any such sale or other Aircraft disposal by executing and delivering to the transferee of any part or all of the Aircraft such proper bill of sale, conveyance, instrument of transfer, release or other document as may be designated in such request. 4. MISCELLANEOUS Section 4.01. Any notices hereunder shall be given to the parties at their respective addresses set forth herein. Section 4.02. This Security Agreement is to be interpreted under the local laws of the State of Ohio, except only to the extent of United States federal laws of mandatory application. 7 EFTA00277991

v. . r r EFTA00277992

3 0 0 0 0 0 0 T; 8 1 3 36- IN WITNESS WHEREOF, the parties hereto have executed and sealed this Agreement on the day grid year first above written. ACKNOWLEDGMENT: DEBTOR: ACKNOWLEDGMENT: REAL ESTATE EXCHANGE, INC. By: Print Name: Its: SECURED PARTY: LIMITED SERVICE CORPORATION 8 EFTA00277993

M q EFTA00277994

0 0 0 0 0 0C 8 4 4 31-3 IN WITNESS WHEREOF, the parties hereto have executed and sealed this Agreement on the day and year first above written. • ACKNOWLEDGMENT: DEBTOR: q-76/0-et„-- REAL ESTATE EXCHANGE, INC. By: PrintDame: 'VI 4_ 14,E Its: SeCC•e- ACKNOWLEDGMENT: SECURED PARTY: 8 LIMITED SERVICE CORPORATION By: Print Name: Title: EFTA00277995

EFTA00277996

0 0 0 0 0 0 5 8 4 EXHIBIT A Permanent Site Location: Columbus, Ohio 151027I.04 EFTA00277997

• ... Sea 4 .11g110/414Y0 Se lild et 114 00c 1 71. t ........• a 1.• • 0 EFTA00277998

FORM APPROVED OMB No. 2120-0042 ,1 ..0 ..-•UNITeii-STAES O s& f4D4RiliklilT OPTRANg'ORTATION OEDEAll AV1A N A 4AKE MONRONEY AERONAUT/CAL CENTER - AIRCRAFT REGISTRATION APPLICATION i... <3 ' CERT. ISSUE DATE Hi< NOV .17 2000 UNITED STATES REGISTRATION NUMBER 505LS AIRCRAFT MANUFACTURER & MODEL Boeing 727-31 AIRCRAFT SERIAL No. 20115 FOR FAA USE ONLY TYPE OF REGISTRATION (Check one box) • 1. Individual 0 2. Partnership )O 3. Corporation 0 4. Co-owner 0 5. Gov't. 0 8. Non-Craitiztieon Corpo NAME OF.APPLICANT (Person(s) shown on evidence of ownership. It individual, give last name, first name, and middle initial.) Real Estate Exchange, Inc. le TELEPHONE NUMBER: (503 ) 223-3911 ADDRESS (Permanent mailing address for first applicant listed.) Number and street: 900 SW Fifth Avenue, Mezz. Level Rural Route: M. Box: CITY Portland STATE Oregon ZIP CODE 97204 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 this application may be grounds for punishment by fine and imprisonment U.S. Code, Title 18, Sec. 1001). CERTIFICATION VWE CERTIFY: (1) That the above aircraft is owned by the undersigned applicant, who is a citizen (including corporations) of the United States. (For voting trust, give name of trustee: ) or CHECK ONE AS APPROPRIATE: a CI A resident alien, with alien registration (Form 1-151 or Form 1-551) No. b. ID A non-citizen corporation organized and doing business under the laws of (state) and said aircraft is based and primarily used in the United States. Records or flight hours are available for 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 been filed with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants must sign. Use reverse side if necessary. TYPE OR PRINT NAME BELOW SIGNATURE EACH PART OF THIS APPLICATION MUST BE SIGNED IN INK SIGNATUR ' .4C2I '' TITLE Se retarY DATE \\-- \\O -0 - SIGNATURE Vcyl &r..„ \k„, TITLE DATE SIGNATURE TITLE DATE NOTE Pending receipt of 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 carried in the, aft. 1QQ, !MI MRAD e*MT:57* "' AC Form 8050-1 (12/90) (0052-00-628-9007) Supersedes Previous PEG TO EXPIR-c: -i7 -66 T 00`4,5-4 EFTA00277999

FILED WITII FAA '00 NOU 16 TM 2 35_ - LAHcii-lik CITY OKLAHOMA • • EFTA00278000

UNITED STATES OF AMERICA U.S. DEPARTMENT OF TRANXORTHON ITERVIA e AICRAt-T N_L Of SALE FOR AND IN CONSIDERATION OF S 0 THE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS; UNITED STATE'S lRI 505LS REGISTRATION NUMBER AIRCRAFT MANUFACJURER & AMODEL, 160eing /z/-..51 AIRCRAFT SERIAL No. 20115 DOES THIS \ke jr- DAYOrTOrl 'tg2-O0 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS 4111 IN AND TO SUCH AIRCRAFT UNTO: PURCHASER NAME AND ADDRESS INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL) Real Estate Exchange, Inc. 900 SW 5th Avenue Mezz. Level Portland, OR 97204 L. ft FORM APPROVED OMB NO. 2120-0042 C c 0 1 4 2 2 7 CONVEYANCE RECORDED Do Not Write In This Block 00 tip r?' 1": alY53 FEDERAL AVIATION ADMINISTRATION DEALER CERTIFICATE NUMBER AND TO EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF IT HA, SET ITS HAND AND SEAL THIS DAY OF 19 • CC ILI 111 NAME (S) OF SELLER (TYPED OR PRINTED) Hayes Productions, LLC SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWNERSHIP, ALL MUST SIGN.) Timoth Lyons TITLE (TYPED OR PRINTED) V ice President, etail Transpotation C ompany, sole member 450328 /1G/2000 ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.) 00321 00 11 ORIGINAL: TO FAA AC Form 8050-2 (9192) (NSN 0052-00-629-0003) Supersedes Previous Edition EFTA00278001

• • • • • • •v • • se • • a • .• t - Jr .• • • "- • e ie. -‘1` 1 -44 .7, • -11 '• • :at ci 1 • •-• • is • . • . • - I < • 4". s • • • 41. • . • • • • • • • • . • • v, VIM/ I Nip tier br • J 40 9 °Se • 7510 ild 91- fiait - var v Jo. mi ia:-/jj.4ti . S7 • • • 4 a • ea • 1• • • • • . • • • • • • • • • • I. EFTA00278002

ti 7 7 FORM APPROVED OMB No. 2120-0042 / PN uNrrio ST4ES CqAMEWCA DkPARTAiNT OF TRAI PORT`ATION F1EDENgt. AVIATION AINAINISTRAT}ONANKE MONRONEY AERONAUTICAL CENTER AIRCRAFT REGISTRATION APPLICATION ti --f CERT. ISSUE DATE NK FEB 0 9 2000 UNITED STATES REGISTRATION NUMBER 505LS AIRCRAFT MANUFACTURER & MODEL - Boeing 727-31 AIRCRAFT SERIAL No. 20115 FOR FAA USE ONLY TYPE OF REGISTRATION 1. Individual O 2. Partnership 0 3. Corporation (Check one box) 0 5. Gov't. • • 4. Co-owner • 8. Non- itizen NAME OF APPLICANT (Person(s) shown on evidence of ownership. If individual, give last name, first name, and middle initial.) Hayes Productions, LLC 410 TELEPHONE NUMBER: (302 )427-7650 ADDRESS Number Rural Route: (Permanent mailing address for first applicant listed.) 1105 North Market Street, Suite 1300 and street M. Box: CITY Wilmington STATE Delaware ZIP CODE 19801 O A false (U.S. • LAVE (1) That of (For CHECK CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE ATTENTION! Read the following statement before signing This portion MUST be completed. or dishonest answer to any question in this application may be grounds for punishment Code. Title 18, Sec. 1001). CERTIFICATION OF ADDRESS this application. by fine and / or imprisonment corporations) ), or: CERTIFY: the above aircraft is owned by the undersigned applicant, who is a citizen (including the United States. voting trust, give name of trustee: ONE AS APPROPRIATE: 1-151 business or Form 1-551) No a. b. (2) That (3) That TYPE 0 A resident alien, with alien registration (Form 0 A non-citizen corporation organized and doing and said aircraft is based and primarily used in inspection at under the taws of (state) the United States. Records or flight hours are available for Administration. side if necessary. the aircraft is not registered under the laws of any foreign country; and ;eget evidence of ownership is attached or has been filed with the Federal Aviation NOTE: If executed for co-ownership all applicants must sign. Use reverse OR PRINT NAME BELOW SIGNATURE EACH PART OF THIS APPLICATION MUST BE SIGNED IN INK. SIGNATURE TITLE Vice President DATE 02/07/00 SIG TURE Timothy B. yons !ail Transportation Company, sole member DATE SIGNATURE TITLE DATE NOTE Pending receipt of 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 carried in the aircraft. •., - "•••• •• .• IA ...NO.,. • Is."... .... --- .......r.. *7) ..'/, i 1, I 19,4 44- / if 1 //Ix/ 54 - Supersedes Previous Edition , t • • EFTA00278003

FILED !r!ITfl F.A A '00 FEB 7 PP1 3 06 :UAN...;:::k CITY Mall-MBA • • EFTA00278004

UNITED STATES OF AMERICA FORM APPROVED OMB NO. 2120-0042 US DEPARTMENT OF TRANSPARTATRN FE RAL fiATI0IADMINt3TRATT AlaRAH BI a OF1-- ALL') FOR AND IN CONSIDERATION OF S 0 THE . UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED STATES N 505L8 REGISTRATION NUMBER AIRCRAFT MANUFACTURER & MODEL Boeing 727-31 AIRCRAFT SERIAL No. 20115 DOES THIS 7th DAY oFFebruary 4g-200 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: 1) 4 1 a .7 s 35-1 Do Not Write In This Block FOR FAA USE ONLY L PURCHASER NAME AND ADDRESS (IF INDIVIDUAL(S). GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL) Hayes Productions, LLC 1105 North Nnrket Street Suite 1300 Wilmington, Delaware 19801 DEALER CERTIFICATE NUMBER AND TO EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. IN TESTIMONY WHEREOF IT I-Ma SET ITS HAND AND SEAL THIS 7th 2000 DAY OF Feu • x • cc til 1 NAME (S) OF SELLER (TYPED OR PRINTED) SIGNATURE (S) (IN INK) (IF EXECUTED FOR CO-OWN ERSHI P„ ALL MUST SIGN) TITLE (TYPED OR PRINTED) Northwest (Delaware , Corporation William R. 3echstein Secretary 000381508 187 ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES F•5 MESPEN7/24194R, 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 EFTA00278005

71 • • tt FILEn F n.A 900 FEB 7 PM 3 06 • • CI 7`; OKLAHOMA EFTA00278006

nrn 0 1 2L1- UMUa Gtuti u 5-Q67L t‘i • 0 Uacepartment of Tdrisportation Federal Aviation AdmInistration ASSIGNMENT OF SPECIAL REGISTRATION NUMBERS Special Registration Number N505LS Aircraft Make and Model BOEING 727.31 Present Registration Number N 500LS Serial Number 20115 1384O1O ' • Issue Date: ICAO AIRCRAFT ADDRESS CODE JULY 109 1998 FOR N505LS -44 51.446616 This is your authority to change the United States registra- tion number on the above described aircraft to the special NORTHWEST DELAWARE CORP registration number shown. 1.105 N MARKET ST Carry duplicate of this form in the aircraft together with the WILMINGTON DE 19899 old registration certificate as interim authority to operate the aircraft pending receipt of revised certificate of registration. Obtain a revised certificate of airworthiness from your near- est Flight Standards District Office. . The latest FAA Form 8130.5, Application For Airworthiness on file is dated: . . JULY .23*. 1990 The airworthiness 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 411 affixed on the aircraft. A revised certificate will then be issued. This authority is valid for 90 days from the issue date. The authority to use the special number expires: JULY 10, 1999 CERTIFICATION: I certify he special regis tion number was placed on the RETURN FORM TO: aircraft described abov Aviation Registry, AFS-750 01 Box 25504 Signature of Owner ' ahoma City, Oklahoma 73125-0504 Title of Owl .: Cr) 4 16.1 -are a/ fel aL dr n".7r, Date Placed on Aircraft: , 7/2Oe AC Form 8060-64 (6/95) Supersedes Previous Edition EFTA00278007

• • • • .1 • sir 1r I 1. • t • L St I diA • • - ot. • • I • %.0 A • • • it S 7 " n lir 7 4 v 1 ‘s4 {: • 0.-b- r • • I r 1 1 2 r 4, , .1 • ve , Fs/ )4. % it; lf? CRAFT REGIST.':: ! "98 22 fin 10, K 58- O I. A HOseviA C OK L A HONA • • • • • 9 1 " 4••• • " • 1 '‘ 'Is, e! • • I. v • k - 211. al. I. • v. • • " T to • •• • -• —Nor verS,a • .4 • • EFTA00278008

0 0 0 0 2 5 • O- T A Insured Aircraft Title Service, Inc. S Box 19527 • Oklahoma City, Oklahoma 73144 • (405) 681-6663 (800 654-4882 "7" FEDERAL AVIATION ADMINISTRATION CENTRAL RECORDS DIVISION OKLAHOMA CITY, OK Gentlemen: Please reserve N in NAME ONLY for: DATE: 6-11-98 c'b6 5950L 4 JUL 10 1998 ****** A A A ** A AA ******************** A A A *********************************************** Please reserve N N5OOTS** 50518 for assignment to the following aircraft: Boeing 727-31 Current N# Make Which is (1) being purchased by: Northwest Delaware Corp. 20115 Model Serial # or (2) is registered to: XXX 1105 N. Market Strcot Wilmington, DE 19899 981630927405 10.00 06/12/1998 Payment of the required $10 foe 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. Jjea er Please send the letter of confiLndtion for the to Insured Aircraft Title Service in then". Room. ADDI'T'IONAL INFORMATION: **See Part II for completion of N number change. REQUESTED BY: 0( (1241(-y Serving the Aviation Financial Community for over 30 years EFTA00278009

FILED WITH 17/-‘,1% AIRCRAFT REGISTRATION BR '98 JUN 12 All 9 26 OKLAHOMA CITY OKLAHOMA • ....‘, 1...-;" EFTA00278010

••• et. • • • •••?..•••• s ) ;0 0 0 0 0 0 0 4 2 7 REL.MXISIVIRUT I I F.DERAL Anistral AtoLENTMRATION P.O. BOX 26504 =MOM crime OK 73125 RE: ERECZAT., RES:Ma:RA= MiteSER, intN5051Srat • •t ; I • i• , • *.; 1 • • I • The ursdersiemea petty herigny reunsv.sbez En riots, atic*yoarest. ;.,: in etc* ::223erved speth,sat zegistration =bet. This. •c!i4irgalci be released! tat. Nottl•seest Delarare corcorati.th Dated this ha. aly of Z../.6 a 19 • Ere Mrs. , Tin. Ed t d • .1 ; • .1 • • a • . • • • • • • • ; 1:I • 1 :! I • I i 1! • I :1 a p. i • i • I; I 1 • • • 1 • • 1 • • • I • I • EFTA00278011

FILED 1711-1-1 FAA AIRCRAFT REGISTRATION BR • '98 JUN 12 API 9 26 OKLAHOMA CITY OKLAHOMA • • EFTA00278012

31- FORM APPROVED OMB No. 2120-0042 UNITED STATES OF AMERICA DEPARTMENT:OF TFANSPOiRTATIO11 FEDERAL AVIATION ADMINISTRATION-MIKE MONRONEY AERONAUTICAL CENTER AIRCRAFT REGISTRATION APPLICATION ' 7' , ' J CERT. ISSUE DATE JUN 2 81995 cita,YP-0- alleIrt UNITED STATES REGISTRATION NUMBER liq 5 OMS AIRCRAFT MANUFACTURER'S, MODEL 111-1 Boeing 727-100 AIRCRAFT SERIAL No. 20115 FOR FAA US ONLY TYPE OF REGISTRATION (Check one box) O 1. Individual O 2. PadnershicEff3. Corporation O 4. Co-owner El 5. Gov't. • 8. Non-Citizen Corporation OF APPLICANT (Person(s) shown on evidence of ownership. If individual, give last name, first name, and middle initial.) II NORTHWEST DELAWARE CORPORATION TELEPHONE NUMBER: (302 ) 427-7650 ADDRESS (Permanent mailing address for first applicant listed.) Number and street- 1105 North Market Street Rural Route: .. Box: CITY Wilmington. STATE DE ZIP CODE 19899 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 grounds for punishment by fine and / or imprisonment S. Code, Title 18, Sec. 1001). 6 CERTIFICATION UWE CERTIFY: (1) That the above aircraft is owned by the undersigned applicant, who is a citizen (including corporations) of the United States. (For voting trust, give name of trustee: ), or: CHECK ONE AS APPROPRIATE: a. ID A resident alien, with alien registration (Form 1-151 or Form 1-551) No b. CI A non-citizen corporation organized and doing business under the laws of (state) and said aircraft is based and primarily used in the United States. Records or flight hours are available for 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 been filed with the Federal Aviation Administration. NOTE: If executed for co-ownership all applicants must sign. Use reverse side if necessary. TYPE OR PRIM' NAME BELOW SIGNATURE EACH PART OF THIS APPLICATION MUST BE SIGNED IN INK. SIGNATURE TITLE DATE SIGNATURE .--" ((600 --afy 8, --Vona TITLE vt4.. . ivii. -f( ---,/1-r* DATE URE SIGNAT-1---- z7ii/eder:9 /, TITLE T DATE y 7(. NOTE Pending receipt of the Certificate "rcraft Registration, -the aircraft may be operated for a period not in excess of 90 days, during which time the PIN copy of this applicatin lusl',I)e ca4161392229. 62_ - _ ..... Air alai .mAll amaiwiarbinimp AC Form 8050-1 (12/90) (0052-00-628-9007) Supersedes Previous E EFTA00278013

CONVEYANCE a 2.°° °2„...,,, 7a‘Taa2 FILED WITH FAA ------ AIRCPAFT REGISTRY Thu IS 12 zs ?II '95 TY • • EFTA00278014

FAA AIRCRAFT REGISTRY CAMERA NO. 24' DATE: 3-4-92 CHANGE OF ADDRESS NOTICE Signature requirements: — Individual craw must sign. —Partnership, a grant pa rtriV must vv, asch csowne mud dr, continuing is nocassri an to thud shwa - —Cievernment, any authodred portart may sigh. AIRCRAFT REGISTRATION NUMBER /VS-COLS SERIAL NO. -, orrip/LS mAArocio_ ...7„:27._ 3 / I MODEL 7 _ 3/ .....7z) CHANGE REQUESTED x t NAME AND ADDR SS OF CERTIFICATE HOLDER Ak TAVIAier 1-1)th eal-,644 -Vk trarET • _- MS /V. Ni4er -C Si -Pe-7C CITY 4)/i/ 1/LOH -JR) ca r(oh<ACC /919 9 TAT€ ZIP cOUNI-RY 144-- ECI liTti a Arib.-4-- OAT" y21 WitStini• .00\ 4.1 4 •1 CANCILLATION Of RIEOISTR,ATION REQUESTS:Ds • • terdi oppailin Sin sad IS $ L Aircraft sold am (Purchaser's name end eddress)I EFTA00278015

a• 4 - • — • • a -..•••-•••••• • • FAA AIRCRAFT REGISTRY CAMERA NO. 2N DATE: 3-4-92 -•• • • *11.1 .• • • -.4.; •,:- • . • • • •., :••••• • ia; a • %.a • Ja a==NoRid EFTA00278016

FAA AIRCRAFT REGISTRY CAMERA NO. 2N DATE: 9 - /7 - 6:1O r ib f lbe . c ASSIGNMENT OF SPECIAL REGISTRATION NUMBERS Special Registration Number N 500LS : US Department , of Transportation Aircraft Make and Model POUF YNC 7 77 — Present Registration Number Federal Aviation • Administration` • . 43si -A- i 20115 • 1;3/1.40tht 505r (.... .; ICAO' AIRCRAFT ADDRESS CODE 't FOR N5OOLS = .51435373 Issue Date intr.. 04 1990 • . NORTHWEST • H0LDING C0RP0RATI0N ,•,po BOX -7138. .. . . .; • • . wrimtustow DE - ."1.9803 • • . • • . . . . This is your authority to change the United States registration number on the above described aircraft to the special reg:stratipn number shown. • Carry duplicate of 'this form in the aircraft together with the old registration certificate as interim authority to operate the aircraft pending receipt of revised certificate'of registration. Obtain a revised certificate of airworthiness from your nearest Flight Standards field office. Ms Wee FAA Farm 813GA Appiketko Far Mworthineu ea Ms Is dated 20290 • The airworthiness classification and category EXPERIMENT . . SIGN AND RETURN THE ORIGINAL of this form to.the FAA Aircraft Registry, within 5 days alter-placing the special registration number on the aircraft. A revised certificate will then bi issued: Uniesathiseuthority is used and this office so notified. the authority for use of the special number will ex n `drug. 09, 1991 - . CERTIFICATION: I certify that the special regis n bir was faced on the aircraft described above. Sign of Owner: - —7' Cc • RETURN FORM To: Li • of Owner: ifritein$441.14 1 . ;Li, I ' (I 1 i, FM A notost ircraRegistry :Title Folto nsla25504 i• 'a r. Date Placed c,n Aircraft Eti/ n ap p ';‘,1. 1 , i ...1, r/ CV/ i City. Oklahoma 73125.4939 • BELOW THISTOINt FOR FAA USE ONLY - ifll FP NAME • .1 1 I 7. 3. U NCI .ipit .z.s,; :gp ittit Tat ri Ir bi .s.: it ski-- , v,. 4 ADDRESS 4,,..",.,kle. • i• . , 1/49 ,.....g.•;t, te • , • cr of 1". , - - _ , " , nni • , . 'X; .. , 1,4 , A :, figlacry,A(nrin r-m••„ :mss' 20704 :t:iiw ,..r.r itoxre ' AC Form 8260-64 (12/87) EFTA00278017

••••••••• FAA AIRCRAFT REGISTRY - CAMERA NO. ati DATE: - go ! 111111111111.1111a F. r.. z Jo O.7 t4. ! ••;;:r.it/. • - I OUA Eat 88,313MUN MOITAFIT813341 JAI33q2 10 TIA3M140182A . • - • ' • '1 r -tsr • ••••.. ,..• .! • c • •.` • t ••••• ••! . • •: • '.1. • :" • . . • • ••••••• cR9 4 Iiittnt•t:l .-1 -.: 4; nein hi: C • :• - i • l .•• 1, • -,;..is . •... . • akt1;tPti 4' :N.' b •IC 1 , • 9d,,,,,0 ,,..,c, 1 nOiat.;v:k lf.-c•!: ..17, i P [.c f t ' 7... )- ..I. cseittisr.fttri,.. • 4 : —..----....‘ •••...:' :? . ... , -r-.) ?7-itzei.0).-, 131%;.7:Dil-c.A 11.1..17 , .. . • . :. PTE.:Jratr.. ; 7.-; i i.jrCar.Irrat: Clr,Ct. . • • er?-1W,-71' • • en•ipe r• •c••• • • • _ . • air.atra;A AA; amtl: c' it] ,,a4:,::no i .0 1 • . • 't i; • : • • • : Ay bhe )01•101!:MC •Vilat, t;240 .21 1" • 'Ie. • • . ''. • • . . --....- - 2 -.- • • -.......... -............... - ...... - -.:- - -. - .. - . -. .---..--..-..._ ::•.• ::'. '';';. '14:',:..) :4 ... .-.1',..-1 -••I.' no tiz:le.? •,:;•eir. -1.1.4;t7ito•-•,,.., . :e,...,c: Oat, Ili•l! ,. ! !it •• i .!: 1 ‘i \ .7c • • •• ' : . , • t r4, . 4...:,..,••••••• ••••2'•' -- \4 ••••eit • •;:•••: • ...4 C .: 4•,•••il 4,3: \ '' .7 . .--' ...• •••'.a... rcIti/Aii 4 fr R•••‘....... • t I, .. -% • ; - KD,.7.,... r:“.! :f.::-.; .' ..7....-- - -,—VIV‘cr iAl()Ii\I I—) --!:: - 4 r‘ ..‘‘' % • ...: 'A \ •::.!;:“1::::•..::.b..'..-; ; '... , ••••••=1-7.;%.1:.:ra`c4 .:'.. .I tr :-.A •.: • : • '•• \ 0 4 . - I ti • 4 . • . :. :::::: •; •1 - r.:.*I.C .ICI.,; 95:.: a.:;,:_•• •7.:::t3 .'.. ... ::,...t.) .•••tsIN ....II 0.,i. 1 r• : ...:‘ e.e, V, \ rt\N .,: r -1 • • .. . . . . . , . . „ . • . - S S i- • : ' i - • • ' . • .: ... ‘ : ..,14; 3vi , .• t •: • : ! • • : • 1 : 1 ! : ) • SI . - • - .C.' ii ..) . * ! J , . . , )4V1 3 ", \; \.. . • Wt$13 ! : .. !' - .' . I . • • -•••-!rni. ti iti.‘ ,1100 9 IS•31104 • • . • . a A ;all fl0 T • • :• OP 7 .j..?C , . • . . . S. • . EFTA00278018

FAA AIRCRAFT REGISTRY CAMERA Mb. V/ DATE: 9 /7 - 90 1 10" MORGAN AIRCRAFT TITLE SERVICES, INC. P. O. Box 270653 • Oklahoma City, OK 73137 • Telephone: 405-787-4550 • Fax:*6-787-4570 • • ATTENTION:NJ Central Records Pleased. int 4) special identification number(s) per order of choice. 1st Choice • 2nd Choice or assignment to: Make and"Model: Serial No.: Registration No.:: • Notice- rd. Chnice 4th Choice 7 / 1/5 -03 z tec Please send copy. of Notice to me in-the Pabliiikieuments Room. SPEC 4: SD • 1.0.1313 OM 002 6/22/5ti EFTA00278019

1, • - • • • • • ..- • AP go EFTA00278020

• FORM APPROVED 9 • OMB No. 2120-0012 Q._ UNITED STATES OF AMERICA DEPARTMENTPOF MANSe6RTAi tuN V .F8sener. ANATIONiallteSTRATIONAIWCE siKemor ABICOMUNCte. FEWER AIRCRAFT REGISTRATION APPLICATION V U I ..) t.) ' . CERT. ISSUE DATE ' oZ V .1 F 02 09 90 FOR FAA USE ONLY • UNITED STATES N 5050 . REGISTRATION NUMBER AIRCRAFT MANUFACTURER & MODEL BOEING 727 1 2;/ • AIRCRAFT SERIAL No. - - 20115 TYPE OF REGISTRATION (Check one box) ., 0 I. Individual 0 2. Partnership U3. Corporation. 0 4. Co-owner 0 5. Gov't. 0 8. ICleccitizen Corporation NAME OF APPLICANT (Person(s) shown on ender of ownership. It individual; give last name, first num and middle initial.) , , . t r-4 NOPTEWEST'HOLDINGcCORPORATION .........,- , .....,--- . . , • • TELEPHONE NUMBER: (302) 478-5015 _ ADDRESS (Permanent Ding address for first maleficent lotS.) , Foulkstone Plaza( Suite 102) . . Number and street 09 Foulk Roadt)P.O. Box 7138 Rural Route: - P.O. Box: CITY Wilmington STATE Delaware , ZIP CODE 19803 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 at to any question In this application may be grouts& for punishment by fine and/or Imprisonment (US. Code. Tolle 18, Sec. 1C01). ' • . CERT1F1CA710N ... .. INiE CERTIFY: . (I) That the shove aircraft b owned by the undo signed applIcant, who is a citizen (Including corporations) of the United Sines. .. Wog voting nun. give name of ray " ) or . / cHeCK ONE AS APPROPRIATE; . . • s.„ 0 A resident *ben, with Ma. neistneen Tarn 1.151 or Form 1-551) No. . • b. 0 A nei-atinen corporation orgented and doing business under the teas of (state) end said Waft is based and prirry used in de United Slates Records or f itt ham se amiable for inspection et (2) That the aircraft is not metrer.d under the hen of any foreign country: and • -' (3) That legal evidence of ovmendlip is attached a ha been hied with the Federal Aviation Administration. — _, _ • . • NOTE: If executed for co-ownership all applicants oust sign. Use reverse side if necessary. TYPE OR PRINT NAME BELOW SIGNATURE.. EACH PART OF THIS ^- APPLICATION MUST BE SIGNED IN INK. RE Edward OS C: t a-44 TITLE . Vice President DATE let S 0,2990 SIGNATURE TITLE , - TE SIGNATURE . , • TITLE • (id DATE ' , . . NOTE- Pending receipt of lb...Cot:afloat° of Aircraft Registration, the airtime may be operated for a period not In excess of 90 days, during which time the PINK copy of this application mint be-carried in the air- craft. EFTA00278021

熟 褊 EFTA00278022

FAA AIRCRAFT REGISTRY CAMERA NO. IN DATE: 4:2 rbt : CID • • UNITED STATES OF AMERICA 1.... DEPARTMENT OF TRANSPORTATION erint .. e...t.e... AIRCRAFT BILL OF SAL • FORaND IN CONSIDERATION OF $ 'J. tO 0VItHE UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES- CRIBED AS FOLLOWS: UNITED STATES REGISTRATION NUMBER II 505C AIRCRAFT Boeing MANUf ACTE72SE7R NipDEL it AIRCRAFT SERIAL No. 20115 DOES THIS 30 DAY OF N:7774/4/ is 90 HEREBY SELL, GRANT, TRANSFER AND • DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: CONVEYANCE RECOPNH: FFR 9 I Lis PH z9P FEDERAL AVIATION ilvi }VIA NAME AND ADDRESS • • inonnouns.(ol, Of& LAST NAI.E. /IRBY Rwre,ANo UP3Dla liartAL.1 Northwest Holding Corporation . . Foulkstone Plaz%b.iuite 102 .1409,Foulk.Roadjill0. Box 7138 • Wilmington., Delaware 19803 DEALER CERTIFICATE NUMBER • AND TO 1 t S EXECUTORS, ADMINISTRATORS. AND ASSIGNS TO HAVE AND TO HOLD SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF. TESTIMONYSYHEREOF 2." HAVE SET/OHAND AND SEALTHIS30 DAYOp/AS 90 TITLE Oft PRONTO) NAME (5) OF SELLER Innen on nonno) F.B. Transport, Inc SIGNATURE (S) (no inn) Or ■ ICCCUTED FOR COS•001EPI•Ar• •I•A •1001. 110.244.1 ACKNOWLEDGMENT (Nor 0, 001000 FOR .0 0. 01. 00 0 .1 ORIGINAL• TOrFAA President AA PIIIECOSIOINO arc EFTA00278023

唰 ＞ > ＞ 一 翱 。 为 ＞ 唰 一 坤 m 。 闩 v C A 涩 惘 为 ＞ 出 垮 支 泛 為 呤 憚 坛 蜘 白 尸 国 ◎ 毫 ○ ＜ 镶 吣 蟊 蛙 基 旦 u 璺 忙 寒 錾 ｛ 嬉 罾 咙 要 轟 Ⅷ 并 汀 譬 云 公 虹 ； 、 告 鑤 孰 葬 ～ 锌 邀 炖 懈 幫 鯽 姗 鲨 4 燾 铈 擊 庄 鬱 靨 瓞 賺 裂 柑 1 t EFTA00278024

FOR AND IN CONSIDERATION OF, $ 1.00 THE • UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DES• CRIBED AS FOLLOWS: DOES THIS 3o DAY OF ,,TA A,/,, 19 90 HEREBY SELL, GRANT, TRANSFER AND DELIVER ALL RIGHTS, TITLE, AND INTERESTS IN AND TO SUCH AIRCRAFT UNTO: F.B. Transport, Inc. c/o Wunsch and George 100 Pine Street ' Twenty-First Floor San Fraiiisco, California CONVEYANCE RECOrP) FUR 9 I 9 PM z9P FEDERAL EtVIATION MUT AA 1' 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. ./ HAVE SET myHAND ANO SEAL THIS DAY OFT4W.1990 NAME (5) OF SELLER SIGNATURE (5) TITLE on enwrap) AC Footstep:az045) (0:824:0421140:12) EFTA00278025

FAA AIRCRAFT ID,EGI CAMERA NO. : IN DATE: c7 - 13-qD :• .;, ‘••• ,441 •e'4142; at'• • • • 1./ 2/ • . . I. • t.. • amimbilm.• EFTA00278026

FAA AIRCRAFT REG :-CAMERA NO. IN ,DATE -13-9D "MP • • • c: it • • • . • . „ g • ' -‘ 1 •Stil‘trailt 6 L..:.:-"`Y.'akgei"674 - 0 0 0 0.0 0 0 1. 5:4 2 FAA LEASE TERMINATION AGREEMENT • • ' F 5• I 0 7 6 ill CONVEYANCE The' undersigned, Arbuthnot Leasing International Limited, as Lessor") and F.B. Transport Inc., as lessee (the "Lessee") under that certain.. ,-AitcraftTinence Lease and Conditional Sales Contract datedliftit 3,111901t4PP "Lease") between the_Lessor indi.the Lessee, (which Leese was recorded by.the Federal Aviation Administration [the "FAA"] on May 12, 1987 KiA161eATIO.IJ Conveyance NO: 571223); as assigned by Letter Assignment datega (the "Assignment"). from the Lessor, -as assignor, to Arbuthnot- Finance International LiMited, as assignee (the "Assignee") (which Assignment was • recorded by, the FAA -en .June 12, 1989 and assigned Conveyance No. J60083), hereby, terminate the Lease (save only (or all agreements, indemnities, representations and warranties of the Lessee-and the- remedies of the Lessor which shall survive' the termination of the Lease pursuant of Clause 32 of the Lease) and the Assignment and release one (1)-Boeing 727-31 aircraft bearing manufacturer's serial number 20115 and U.S. Registration Number N505C and three, (3) Pratt & Whitney JT8D-7 aircraft engines bearing,manufiiCturer's serial numbers P654373B-, P65456421 and P648772B from all of the terms and conditions of the Lease and the Assignment, including without limitation any liens or remedies against said aircraft and engines that survive the termination of the Lease pursuant to•any provision thereof.. • This FAA Lease Termination Agreement may in counterparts, each of which shall hc' deemed an original and when e and delivered shall' - constitu d the same instrument. Dated as of January 30 1990. ARBUTHNOT LEASING INTERNATIONAL LIMITED, as Lessor • • ' itle: . 6-c---riP• 1;g-. e F.B. TRANSPORT INC., as. Lessee By: Title: . . . • ........ .... . • • • 'ARBUTHNOT FINANCE INTERNATIONAL LIMITED, as Assignee By: • •.. • . . . . ... • 0 Title: CerS.7).. .... ... .. '• . . . SEE RECORDS CONVEYANCE ' • NUMBER nog * Jafeal. PAGE. •Star'S 411., • :a .0/ • 1 4 .1A 04 • • .• EFTA00278027

＇ 蓖 氧 卜 』 － I " “ 祟 尸 ’ 、 ・ ｝ } l l 悬 ． , } F , ' ． " l峦鼾萍嫉游上裤嗨瓣；蚜t，辆i撬g瓤滤薷～鳙嫒，象 轰 缠 麟 藁 蚤 甯 备 啸 槲 摊 瞅 攀 娜 嗣 斑 磷 奠 摊 铲 鲫 呗 EFTA00278028

Sol.‘14.1Pnra. FAA AIRCRAFT REGI CAMERA NO. IN DATE: ? - 13-910 RS% 045 P'arlirc 4 I 3 0 0 0'• 0 0 0 1. 5 4 3 . . FAA. LI‘ASE TERMINATION AGREEMENT • . • , The Undersigned, Arbuthnotleasing International Limited, ad-lestOr (the "Lessor") and F.B. Transport, Inc., .as lessee -(the"Lessee")• under that _certain` Aircraft Finance; Lease and Conditional -SAles Contract dated April 3, 1987 (the "Lease") - betWeen the Lessor•and the Lessee, (which LeaseWas-recorded by the • Federal Aviation AdMinistration [the "FAA"] on May 12, 1987 and, assigned Conveyance ,No. $7Z223)I as assigned by Letter Assignment % dated April. 11,' 1989 (the "Assignment") from the Lessor, as assignor,. to Arbuthnot Finance International Limited,_as—assigrier (the "Aesignee"), (which:Assignment was recorded by the FAA on-June 12,1.989 and assigned_ Conveyance No. J60083), hereby? terminate the o Lease (save nly-for allagreements, indemnities,: representations and warranties of the Lassee'and the -temedies of the Lessor which shallpurvive the termination of the Lease pursuant to Clause 32,' of the-Lease)- and the Assignment and release one (1).Boeing 727-31; aircraft bearing manufacturer's serial number 20115 and U.S. Registration No. N505C and three (3) Pratt & Whitney JT81:0-7 aircraft engines bearing manufacturer'S serial numbers P6543738, P6545648 and P648772B from all. of the terms and conditipns of the'. teage and the Assignment, including,without'limitation'any liens or remedies -..against said aircraft and engines that survive. the termination of the Lease•pursuaht to any provision thereof.. • ' This FAA Lease Termination Agreement may be..executed in counterparts, each 'of which shall be deemed an original and when executed and delivered:. shall 'constitute one and the same. instrument.. . • Dated AS of JanuaryQ.7252, 1990. .. • -•••=. • „ • .ARBUTHNOT LEASING INTERNATIONAL LIMITED, as Lessor: • By: Title: Y1%11: TRANSPORT. iNC.Yas Lessee riv t Title: a ARBUTHNOT FINANCE FINANCE INTERNATIONAL; LIMITED, as Assignee By: Title: • et! Pe. EFTA00278029

t ......erezt&I2**.....-tilre-5414,4,4:444014aTTWvediratattheAfriltri5.0..47 4444,'.. W:type. ■ e- F. tame A.4 t • • • Ii•••••••••••• ••••••• •e fte -•••-• 1.09-4.1 a EFTA00278030

FAA AIRCRAFT REG CAMERA NO. IN DATE: i 3-9D + •>.940:4144.14. Y. 1 . • • •• • . • . • ' I • • . al: I. -4.‘ "% le • •'• • ".C."••••• • • • ;It i••• •••• 4;4 • 0 0 0 0 0 0 0 I 5 3 4 POWER OF ATTORNEY BY THIS POWER OF ATTORNEY given on the twenty-fifth day of January 1990 - ARBUTHNOT FINANCE INTERNATIONAL LIMITED (the "Grantor") a company incorporated under the laws of England does hereby make constitute and appoint William C... Boston and Jack P. Gilchrist both of 1601 Northwest Express Way, Oklahoma City, Oklahoma 73118 with full paver to each of them to act alone to be the Grantor's true and lawful Attorneys -in Fact in Oklahoma City, Oklahoma, U.S.A. for it and in its name, place and stead.to do all or any of the following acts, deeds, matters or things:- A. To sign, execute without examination or enquiry and deliver a Bill of Sale from the Grantor to F.B. Transport Inc. in the FAA Form Approved OMB No. 2120.0042 recording the sale, mant, transfer and delivery of all rights, title and interest in and to the said Boeing 727-100 aircraft bearing manufacturer's serial number 20115 and U.S. Registration No. N505C to F.B. • Transport Inc. B. To do all other acts and things as either of the said Attorneys shall in his discretion -deem necessary or advisable for the purpose of giving effect to the transaction hereby contemplated and (without prejudice to the generality of the foregoing) to make, sign, execute all such deeds, instruments, agreements, notices if and when so required and any other documents whatsoever (whether of a like nature or not) which may be necessary or advisable in connection with the document hereby authorised to be executed or the terms of that document on behalf of the Grantor as either of the said Attorneys may in his discretion think fit and the execution delivery and registration by either of the said Attorneys of any of the foregoing shall be conclusive evidence of his or her authority to do so. C. To nominate and appoint (whether under hand or seal) one or more person or . persons as substituta.or substitutes Attorney-in-Fact under him for all of the purposes aforesaid and to revoke the appointment of the same at pleasure. The Grantor irrevocably and unconditionally undertakes to indemnify and keep indemnified each of the said Attorneys and his respective substitute or substitutes and their respective estates against all actions, proceedings, claims, costs, expenses and liabilities of every description including without limitation, attorney's expenses arising,from the exercise or the purported exercise in goad faith of any of the powers conferred by thiS Power of Attorney. AND the Grantor hereby ratifies and agrees to ratify all.that each of the Attorneys or his or her duly appointed substitute or substitutes shall lawfully do or cause to be done by virtue hereof. IN.WITNESS whereof the Grantor has executed this Power of Attorney under its Common Seal this twenty-fifth day of January 1990. THE COMMON SEAL of ARBUTHNOT FINANCE INTERNATIONAL LIMITED) was hereunto affixed in the presence of:- Director Director auk AALLP-t0 SA2-01r•- . • . 1 a't '4j: 1,4441l aili ktc:\ o•titys- ML ; • 4" •-• . • • -a-i4411 • • • - -75,74:74arrei, EFTA00278031

CoVEYANCE . FILED WITH FAA AIRCRAFT PECISTRY JAN 30. II 31 AN '9 an. Itinunnv 7 I rAire.- is EFTA00278032

SNOT FINANCE INTERNATIONAL LIMITED mrautts of .a meeting'of the Board of Arbuthnot Finance International Limited (the-"Company") held on twenty-fifth day of January 1990 at 131, Finsbury Pavement, MoOrgate, London, EC2A lAY, at 4.00 III. • • ;PRESENT 7 R.J. Morbin (Chairman) - I,J. McBride - (Director) P. Ashton. (Director) It was noted that a quorum was present. The Chairman noted that the Company bad ownership of a Boeing 727-100 • Aircraft bearing manufacturer's serial number 20115 and U.S. registration number N505C (the "Aircraft") and three (3) Pratt and Whitney JT8D-7 Aircraft engines bearing manufacturer's serial number P654373B, P654564B and P648772B (the "Engines") which are the subject of a Lease under an Aircraft Finance and Conditional Sales Contract (the -"Contract") to F.B. Transport Inc. (the "Lessee") and that the Lessee wishes tb sell the Aircraft and Engines to North West Holding Corporation. The Chairman reminded the Meeting that pursuant to the said Contract'the Lessee was entitled to call for the title to the Aircraft and the Engines Upon payment by it to the.Company of all rent and other sums due under the .Contract and that the Company was thereafter under an obligation to execute a release, 'a bill of sale to transfer title in the Aircraft to the Lessee .for the sum of U.S. $1.00 and such other documents as the Lessee may reasonably require for filing with the Federal Aviation Administration (the "FAA") in connection with such release and transfer of the Aircraft to the Lessee. The Chairman further noted that the Lessee proposed to pay all the sums due to the Company under the said Contract and has requested the Company to execute upon such payment a bill of sale and a FAA lease termination agreelent for filing with the FAA..• .The Chairman also noted that it was in the interest of the Company to execute and deliver the Bill of Sale in Oklahoma, U.S.A. and suggested that the Company grant a Power of Attorney .to William.C. Boston and Jack P. Gilchrist both, of 1601 Northwest ExpreSs Way, Oklahoma City, Oklahoma 73118 . in Oklahoma to execute and deliver the same on behalf of the Company to the Lessee.' EFTA00278033

FAA AIRCRAFT REGI mag.T..ux...rea•-•:•Pgs3..r.r.rgra.alteartirr-VSK•- • oligY - CAMERA NO. IN DATE: (7) - 13-9D -1...g gwgibriatni„-*S a•Se•" ; tog. goydg.-•;;coak. 'gr - ne'r IS••••=i EFTA00278034

6. A draft FAA.lease termination agreement (the "Termination Agreement5T-g--- drifft power of;attorney-(the "Power of Attorney") and a bill of sale in the form of FAA form 'number 2120.0042 (the "Bill of Sale") were tabled,* before tha Meeting. • . . After full consideration of Agreement,. the Bill of Sale RESOLVED:- . the matter and the terms of the Termination and the power of Attorney it was unanimously • ' that it vas in the•best interest of the Company to sell the Aircraft and the Engines to thelsessee and to execute the Termination Agreement, theBilrol,Sale and the Power of Attorney; ii) that the Company shoUld\and did .thereby.approve the terms of the Termination Agreement on the terms and conditions contained in the draft produced to the Meeting- and that Mr Paul, Ashton was authorised to sign and enter into the Teriination Agreement on behalf of the company; iii) that the Company should and did thereby approve the Power of Attorney.on the terms and conditions contained in.the draft produced to. the Meeting and that any‘ two Directors were authorised to execute the document under the CommPn Seal of the Company; iv) ..'that Mr Paul Ashton be authorised on behalf of the Company to make any minor amendments and/or alterations to any of the documents produced to the Meeting should such amendments and/or alterations subsequently in his opinion prove necessary. • . There being. no. further business the Meeting- was closed. DIRECTOR ?'" ...•4 it • • EFTA00278035

FAA AIRCRAFT REGI CAMERA NO.: . IN DATE: a -13 -(4C) y , • . .1.- . . . .. i'Y.! .. .. ..' • 4.4....;'.. : . • : . . • - • . • ' . • ' I. . A• 4 00- • ' . - • • 1,.• • .•• • 714-ck-raTrz,W - ?.ek: EFTA00278036

-0.".,%i xelknArl&g.A00att.tihrwfmww.ie.11eWatgiltkIt A. The fpregoing is.a 'the Minutes of the Meeting of the Board of Directors of the•Company.. • B..t. :The foregoing resolutions- were:,duljr passed in- accordance with the ` Memorandum and ArticlesOf.AssociatiOn'of the.CoMpany: /et EFTA00278037

FAA AIRCRAFT REGIS CAMERA .NO:: IN DATE,: cg 1. 3 ciD f.it aiT EFTA00278038

ENGINES I • TOTAL NUMBER INvoLvErz. 3 • US DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINIgYRATION • • • CROSS-REPERENCE-,OC0RDATI0N. • SEE CONVEYANCE NO` RUNG bATE• This form is to be used in cases where a conveyance covers several aircraft and engines, propellers; or locations. Filo original of this form with the reconied ccurveyarce and a copy in each aircraft folder involved. TYPE OF CONVEYANCE .:AsSignment'of Lease:and CSC.(Doc S71223 R2 pg 17-45). • Arbuthnot LeasiiitIliternatiOnal Limited TO OR. ASSIGNED TO ' ArbuthnOt Finance' Internatienal Limited - THE FOLLOWING COLLATERAL IS COVERED BY THE CONVEYANCE:. • AIRCRAFT (List by registration number) MAKE(S) Pratt & Whitney JT8D-7 PROPELLERS • . . 'SPARE PARTS - LOCATIONS • . LOCATION • • DATE EXECUTED. 4-11-89. DOCUMENT NO. - • . 360083 DATE RECORDED .• • • I TOTAL NUMBER INVOLVED P6543738 P6487728 • mud:1;654564 TOTAL NUMBER INVOLVED • SERIAL • NO. .• .. • .. • • TOTAL NUMBEP• INVOLVED RECORDED' CONVEYANCE FILED INi .N505C Boeing 727-31 20115 *. AC FORM 845043 (10-18) (00.52.00.589A000) • • . FAA AC 14-398S :•• F-14 35ti 4:?"-.4ttleze• • •-• •- at:•.• • • 7e—,7•"-- • EFTA00278039

• • • • - • -41 16 • ''; • <• • • • - . r . ; . . . •••••••,•-w;st.<‘,.."-.C;;...‘.'i.., • m. v.; EFTA00278040

This- form is to belaectatadativAseti opayniaiDDOViatialvthal.airciartinaliingines, pilopellors, or locations. -File original pf•Ps•forro• with the recorded conveyance mid a dopy in tatibaitoraft foldtatwohrod. -.._ . •_: •:•:44 - :-_ --i. • . c ., .......-.-....., 2,e • . .. . _ . . ...4..74‘ .1-..-....4. • •••i: eras. a i t r. ft: EFTA00278041

FAA AIRCRAFT REGISTRY CAMERA NO.IN DATE: e,-/4" EFTA00278042

'T ARBUTHNOT FINANCE INTERNATIONAL LIMIT CONVEYANCE RECORr.F T.?. 12 •2 S3 PM 289 FEDERAL AVIATION NIS Arbuthnot Leasing International Limited, a ceMNIVT RATION incorporated in England (Registration number 2381551. and . having .itsHregistered office at 131 Finsbury Pavement. London EC2A: lAY ("ALIL") hereby confirms that pursuant to an agreement .for Vie sale and purchase of part 'of business datedA". April 1989 between ALIL (1) and Arbuthnot 'Finance International Limited,'a company incorporated in England <RegistraticrCNumber 1566963) and also havinTits registered. office at 131 Finsbury Pavement, London EC2A'lAY ("AFIL"). (2), ALIL has -(inter alia): (i) by delivery transferred to AFIL all its right, title and interest'in and to one Boeing 727-100 Aircraft having Manufacturer's Serial Number 20115, FAA Registration Number N505C together with three Pratt & Whitney JT 8D-7B engines, Serial Number P648772B, P654373B and P654564; and , (ii)- assigned to AFIL all its' right, title and ' interest in and to. the-aircraft finance lease and conditional sales contract dated 3rd April 1987 between ALIT., (1)-And F.B. Transport, Inc., a company incorporated in the State of Nevada, recorded by the Federal Aviation Administration.on 12th May 1987 as conveyance number 4171223. This document is governed by English law'and Cwas delivered in England. ARBUTHNOT by:-' / director of ALIL. ERNATIONAL LIMITED Dated this let day of April 1989 , - • A.y.kap. • 0 VS- • - g 7 EFTA00278043

- ＂ 『 ・ － - - < r . EFTA00278044

Signature requirements —Individual owner must sign. — Partnership, a general partner must sign. must sign. . . —Co-owner, each co-minter must elm continuing as neoessery on an ittii$1 sheet — Government, any authorized person may sign. AIRCRAFT REGISTRATION NUMBER A/ 506- C SERAlt_ NO. ..... 2 0/, .3 MAKEn Neje3 e/A/6 - MODEL 7°,7 7 - /d e ADDRESS CHANGE REQUESTED NAME AND ADDRESS OF CERTIFICATE HOLDER F. B. Transport c/o Peter Hunt 1 P COUMMY &li ra : yE • //4.1' a ATURE (In Ink) Airworthiness Directives (AD) for a particular make and model aircraft are mailed to the owns using the permanent malting address on file vdth the FAA Registry. This address Is the same as the one shown on the aircraft Certificate of Registration. Federal Aviation Regulation (FAR) Part 47.45 requires oars of U.S. registered aircraft to notify the meshy within 30 days after any change In this address. A revised Certificate of Aircraft Registration ii then Issued without charge. MAIL To: FAA Aircraft Registry. AAC-250 Monroney Aeronautical Center '15.0. Box 255O4 Oklahoma City, Oklahoma 73125-0504 CANCELLATION OF REGtSTRAT1ON REQUESTED: Krvict ultras It). sok Am en) K 1. Aircraft sold to: (Purchaser's name and address) O 2. kxciatt destroyed/snapped q 3. Aitcrarit exportod to O 4- Other: Stoat I (we)' request cancellation of registration for the above reason. EFTA00278045

• ti .‘7 • 5.:; ' s. . ' Ca,.:. • • EFTA00278046

FAA AIRCRAFT. REGISTRY CAMERA NO. 2 DATE:. 2 - • -AIRcitArr DOCUMENT RETDRNED: - 3 Date received: MICRO 0 Reason returned: •DUPLICATE CERTIFICATE ISSUED REVISED CERTIFICATE ISSUED Address changed to: . • i Street: City: State. AIRCRAFT DESCRIPTION MANCE: N-number: • Serial number: Make; Model: Reason: O N-number change O Other: • • — I tl FEB 03.'88 /D• AND DATE /V/ (date) (date) (date) - Zip: (MC: O FAA 8130-6 EFTA00278047

- FAA AIRCRAFT REGISTRY CAMERA MO. 2 DATE: 2 - 29• - 88 • . • . . i - •• ' • • : • • • • . • b • • EFTA00278048

FAA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: — /7 - 87 /... .. ). - • a. - ASSIGNMENT OF SPECIAL REGISTRATION NUMBERS . • . ..,..t,. , 4 . • ., • Special Registration Number. 1 • N 505C PlmEtment ..... 21;ranrtation Atictittivtake. ! • 4.3 4., • .• ' . . - end Model AnF INg • 727-31 Present Registration N smber ederal Aviation iniitradon • ,,,, "4 e';' 7' Serial Number . t, . - 21/15 r ( 3,. C. • . • . 1384010 N 5057 ,„ ....... ,.,,,,, • • * * • - . .,.... Issue Date FEB. - FEB. 06. 1987 .- ;"!!.• 1..1 -' • ' . ... , y [.-• .S" 1 `, 1 ,.-; '1/4, ‘ . -- .4-_ • ' . 4' .> ' • • •.- • - • ' ''' .1z' -;:•-,• • ,, - - • • - • ' .. • 7 - ... . • •• •" - • . - • - . • - .This is your authority to change the United States registration number on the above described aircraft to the special registraticui number shown. . . - Carry duplicate of this form in the air:raft together with the old registration certificate as interim authority to operate the aircraft pending receipt of revised certificate of registration. Obtain e revised certificate of airworthiness from your nearest Flight Standards field office. • . Th -- e leiest FAA Form 8130-6 bri file is dated , 063069 • The airworthinessclassificat ion and category STANDARD . . . SIGN AND RETURN THE ORIGINAL of this form to the FAA Aircraft Registry, within 5 days after placing the special registration number on the aircraft. A revised certificate will then be issued. Unless this authority is used and this office so notified, the authority for use of the special number will exPrenB. 069 1988 . • . , CERTIFICATION: I certify that the special registration number was placed on the aircraft described above. ' • .....- Sigrj • of Owner: F .B . Transport, Inc. RETURN FORM TO: ;Title of Owner: by Peter Hunt, Presiden FAA Aircrall Registry IMI. Box 25504 • I Date Placed on Aircraft April 15, 1986 Oklahoma City, Oklahoma 72125 ' i • BELOW THIS POINT FOR FAA USE ONLY 1 1. El FP it C3 NF NAME . . . • .. - - • ADDRESS • ' ay......m.avimorwv-..a.,ww-m..•-...., ) : , . . . I a- ism I c.-- i nt I to -, 1 DATE ?i f • ' 1* • ." • ' • lc.: • EFTA00278049

FAA AIRCRAFT REGISTRY • CAMERA NO. 2 DATE-: _67 , - - -• • • \•••• : .. "ri.-.;2•: y . ,,i-2 .. - 78e..t.- e 0 — • • - - . " t .3„...:1,1 .,,,;•,:"?,:.tti' :6[..-./;?. 1 t ' . . . - ' a.; ,. efl39Mt114: worrawremei .14.31, we "".? 1ri -r- rielee)i . 12QP . él I f.... . . ... T. ! r: ........" - .. • i 111•: r`....1 na. •.- ' •. v. !rit."1•91q r ' r - • • "' a ..• ' -I ! • . , . - . 11.r_IST • »-c- . -- • - -ate I . qii ' 4 g. -- ter ' ii` .ng.e; . . . . . .. . " • e_e(1.9.9 8 _ -me terDit • .• : a' • • • ' ter • •,,e, t.t , , bir • • tl • •••4« kri: tit e' • j4 ) : dri ylettc;e ‘. r f. 11',./i; ilfd:ifecelli : • .•&) i . . .. ..•.,.., . "••.« 3:II ft::.;:et.15 t.:: • 1. t. :-.. ..:.r.S:D 1);•-:;%•,:.: : e: t.-..... • r::..;; .' : : : i ,.:1' D I .1: i..;., ..: r: : -, .. I . • • ;, .m73 gip :••,..<••:•••• In - • • IC.. • 90à • A • .• lab noilea:Sce?::tipricc;.: 4i; ;1117.•'1; Ah' :id, IL; 1m/helm) tr.;•IL. • • ~ t: • IcluOor erli 10 ea ici.sabodibc. ;oh ,builr3or. tiv; aid; cztarbti ntlti: !yin/ t •4. : • 7' • • p • , • • • 41.•1• 'f • / t• • . • . • e. • « teiZWitt CC1•:Cq), A;:nr C : lut:Aq nierksdntuft et0i1Glitipzeb if 53 • • • ;. m x.oz.ritin i sizr[fit te . • • . -..r_ s.„;; H\ S * .s.t..... • • , . • • • • : p. • , . . ar.r.s5 ft•Je.‘e.i •. ••-•.O , - • • . • . - • ' , 1".. . , (AA: I . c?.! .1.1;r. i > . I - • 0 • . • -I-•• . . . . . . . VIMO F21../.A..5.I no.R•r4:013.i.rr bc..on a . . . r.--r--Ç---. - - --.7"...-": . - ".... i .-- : .- •17. '4',.--7,--, ; ------,- r:.-n•: - .n... - T , r - - 1 ' .7 . 1 • ' i . ; • i • • • i - . • • - ' • • ! • • • '• . • r -r ?'4U • ji,1} 4,-frejj: ' • • 1 -;' •-• i• 2 • 3 : -•••• -- : l a- ..k , f. 1.t..)..:«ét . ... . . • • 1 • •- . .. _. •. -: -.1M1 ' ' t- • . • t . . : .;;2.• . —: . • •II •••• ;;;i lekknerwaidier.52•=a 4•-...;71‘..:: ' ‘ueve legiernireree 4 • • - .. EFTA00278050

FAA AIRCRAFT ,REGISTRY CAMERA NO. 2 DATE: 6 ;.PETERS GRADFORDMI. • DANIEL.. FOWLER R STEVEN NAUGHT ' CLIFFORDA.-longs. e.;., RAY G. NOSS' C. DOUGLAS PI CM FRANK L. POLK • RICHARD A. RESEtkaii DAUGHERTY, BRADFORD; FOWLER & MOSS ATTORNEYS AT LAW 900 FIRST CITY PLACE 204 NORTH ROBINSON OKLAHOMA CITY, OKLAHOMA 73102 (405) 232-0003 • TELECOPY (405) 232-0865 Federal Aviation. Administration Aircraft Registry P. O. Box 25082 Oklahoma City, Oklahoma 73125 Attention: Central Records.Section Re: N505T to be changed to N505C Gentlemen: OF COUNSEL: PHIL E. DAUGHERTY Our client, F. B. Transport, Inc. purchased one (1) Boeing 727-31 aircraft bearing manufacturer's serial number 20115 and U. S. Registration No. N505T (the "Aircraft") on this date from Tenneco Inc. We have been advised by Tenneco Inc. that it has sent a • telex to the: FAA 'assigning to our cl. B. Transport, Inc. `'its reserved D. S. Registration No. on behalf of our client we hereby request that upon registration of the Aircraft, You forward to our client- at the following address: If you have any questions with respect to contact the undersigned at (405) 232-0003. DJF/dh/1NEREN4 cc: Kathyrn S. Wunsch, Esq. :Aiontr.tAX4Tagy:1"-:4pIng.;. EFTA00278051

FAA AfiTCRAFT. CAMERA NO. . DATE': 6 ' :. : z r;;.• . • 44.t..! i . r•liVA72 „Tel I • • • • : . • S80 e (•-, • zz: .;•• . 7: al: .2.3raor.is•;114Q: •• „hol :21")..ft!Ins5T ,,I.P.•/: 'GS - ..E•sti;••:•tft.:".:r.fq . .ops! , , .'.1*Ii•-•tctatx.c.1!'. - .: Ft 'dra"... •: :.;.r...E. z .. .. • r. !;-.1" . i21...f (;S •iset.wri:1:-..-1. -::!DI-;:.a. y.s....;:.: .Etb.i. ecit.-.m. 'er i -, r-= - J -. -: - - - ' 5 ••• -- • .,-. v . . .. acan te Iti, • .:.-te; i n ...Iq BI "...-:, 7 i A • ..ztri.i. ):. T tretr ...es zit-,:zz.2.;?..• F..•-.-- - .- . : zU•• •11scl_f ..:‚,•: ••: • •$r,rfs-T yd. ' 4i' !1• ;Lvi-43 : e..,.:i . .•. ., .2 -.1."' :•.:Irfi i*l.'., • Trc cz.:.? pał nr% lees AA'z: ; j;i :: t. 7 2:1-id • ..-: r. %. , :c; C . .. r ...! • r:o .C.; • 43e:0V:1'4 . . ol5 tio1.1:3a.:taiti:.-1S1 ..:2 :e 59 :i N' iż ai -• .. I ... .. • • : • . • • _ ,• , i • . .• . . . 2 3-c% noi 2 .te.s..t a i •Ite.r.zu • .1..sii2 i E9MPf.i7 tli.Ci..5 •'lei". t:en' : i''.'.... ': - ; :: - . • . . : c 2 e• -.i b T-4.; pni:I:n.1101 orizt :f.s....tatti.il.z. -szlo. -c.1 .5-:ist-;?,:(..: ::17'• i ' :. - a:: ; . • . . . :. . . . .. . 's PCSI' 1 :t -10.7.;;Te n -::..Z.1: :;...e .. v: . tli:. FiSi ! .4-341"1" Cl! . 1.1#•(?.......t t.:::c.111. 1st) r' e ? • • . • ' - _ .. ... • . .. . •W.•" ; . •r.o.t.z:3-7:...4?..iv.-2-.,.< •• e.) tioc%•.s,••••• ••:,:... :walec!. Ii-nizt..ut.• ;cii .•fJec-- .: .:-.)t.. T . • .• - • -c.c. 4.:( : ..,.. • •••,.. . .. ' • • • 2 I rid .:1::.,:cta 8-i.:-, (1 -ilu S :in .1. "t?'" fi.: 'ż r: t'• 2:. ' V {id L. ..n,' " ..: : i . ' r. Ob 6-er. S • ( -111'1 "" I \ c" It..11. %-" • el -1w r•-: i-".'.- 11* . 1 • k :%, • . ,.• % Z. r.W' V: M i:: ..at e: f:. t: s' 1 ' . \ % \'`, a I' • - . ..!, . f. \i 1 Ę 1 . ,.. • . 7.. ,..i \ - •, •01.4%. \NN..., ,,/ -.0..5 e: .°. ‚ft: . ...... .., } . . . • • • . Isii:LE • • • mil Ę't i.:412 wf(' _ • •:- O *-.2•U • 1-A.V-. ‚,..:sc•-•„;n: • . . I C* a %^ t:^ u W . 48 in • • EFTA00278052

PAA kRCRAFT REGISTRY CAME NO r DATE: 6 •-• /7 - 67 1 • C • •Z• co' : ! • ••• ... - W. • • r • • T ar'l• UNITED STATES OF AMERICA DEPARTMENT OF TRANSPORTATION - FE9ERAL AVIATCTI AragNiSTRATIONAIIKE LiONROPLEY AEROttAtTCALcenta AIRCRAFT REGISTS.. MON APPWCATION ii.gH1 OEFIT.ISSUE DATE UNITITI 'STATE-5 REGISTRATION NUMBER _ . . . N 505C: P din en a (wen: w So i. • . S 2•8 7 Z.R .--o-RAFt MANUFACTURER & MODEL _. BOEING 727-31 ;05 .1 .- . . • AIRCRAFT SERIAL No. . • • ... . 20115 • • • • FOR 'rAA U≥ ONLY - - , TYPE OF REGISTRATION (Check Onif-ka) i z . - 01. Individual 0 2- ParblBfretip 0(3. COrpOraliOn 0 4. Co-owner . w. 5-13664. D til- • " CMCitiZen • NAME OF APPUCANT eilorsonee shown on evidefete of ownership. If Inetttcluift. glue test ream first rand,' sit4 - midclio inillaU, .. ‘,. . ." . • • C . . • o: - - . • . • • . . L B. ' TRANSPORT, :INC . . ..: • • . . • ENE NUMBER: 415 956-4600_ ADDRESS (Ponpanent mailing address for first applicant listed.) C/O PETER HUNT Number enlist' at. T 1 - Rural Route: III. Box: CITY SAN FRANCISCO • STATE CA . ZIP CODE 94104 . . • , . L] - CHECK HERE IF '.OU .,40.3E ONLY REPORTING A CHANGE OF ADDRESS ATTENTION! Read the following statement before signing this application. This portion MUST be completed. . A false or dishonest emus to any question In this application may be grounds for ponstimerrt byln /or impMccninant &Li. Codatoe ft Soc. 1(7T1) CERTIFICATION UWE CERITFY: • (1) That the noon eiretatt b owned by the undersigned applicant• who ifs a citizen liffthidin9 corPariftbrof ot the UMW States. Woe voting trust, phi; name of Matter _,ARVIN 3. COLANGELO ) or CHECK ONE AS APPROPRIATE • a.' ID 4 Matt Sian- with akin registration Vann 1.151 cc Form 1.551) No. b. 0 A nontitizen corporation organized and doing business toxin the taws of (state) - and sad sunlit < based and primarily used in the United States. Records or flight hairs are tradable tor instececel at (2) That the alraaft b not iodinated under the lava of any foreign country; end (3) That legal evidence of ovmasantp Is attached or hes been flied with the Federal Aviation Administration. NOTE: If executed for co-ownerstlip all applicants must sign. Use reverse side if necessary. .• , . TYPE OR PRINT NAME BELOW SIGNATURE ov )- Sea TITLE DATE x S . APR 6, 1987 La. -,..‘ PRESIDENT O 6 P< z ts. o 0 TURF TITLE V' DATE 5 e 2 4 a. co u. < SIGNATURE TITLE DATE NOTE Pending receipt of the Certificate of Aircraft Registration, the aircraft may be operated for a period not in @this! of 90 days. during which time the PINK copy of this application must be carried in the air. ..-Zeft. FA- AC Form 8050-1 (8-84) (0052-00-628.9005) .e. • ' • •: . 5-": -9 V17 F7- I) • • f • 1. trs * S". . , • . 4 ; 4, .6agliatga;4S1 riaZ ii irtk i . ...fri ...) it mccl r " It EFTA00278053

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PA.A AIRCRAFT REGISTRY, . CAMERA NO. 2 DATE: 6 - /7 - 67 •-• .1' • !. • • ...-... t v . AIRCRAFT:tINANCE.LEASE. AND CONDITIONAL SALES CONTRACT: (BOK COPY. 1743 sir 2_23, `AirCraiiFinanee,LeSse • Contraci•••by::.and between 'AMBUTHNOT LEASINO'INTERNATIO LIMI p, 'its successorsi.aseigms and o ti C. E :nominees• ('Fels -cal ed -the "LessOra ir - 'the'underligneiltgV (hereinafter .:alled \ the ."Lessee")':.:' :'' ''' . . . i::-/ ' • it E e-') F. 13 - . 00 ii iti go Ala . 1. DEFINITIONS . \ Tor all purpoies-bereitei ,ind.for:the tpurposes:Of. the doculeneage 41g0: executed OUrsuint,theretOtthe.fOliOwing terms shill have the Ailtir fitianingi.:(sucti difinitiOni:inbe eqUallivappliceble -to.both the singular and d 'the plural forms thereof ci .\to any gender. thereof), unless the context ... indicates otherwise: . • , ,(a) Aircraft • "Aiteraft":shilI Mean'thieiircraft.leased .to %Leisee pursUant to this Leaie, as MOre.fuily'deiCribed-in'the Lease Schedule annexed or to'be annexed heretO,:the airfiameand/or any unit, part, or -component thereof,'tOgether aircraft engines,' appliances, instruments, . -accessories, and spare, parts thereto and all records; logs, manuals, technical data and other materials`' elating thereto (the appliances, instruments, accessdries and spare parts being identified in Exhibit A hereto) and rights as .to warranty or indemnity from any sellers, suppliers, manufactureri,'transporters transporters"or installers thereof, except as -nrovided-Under Section 11 hereinbelow, and all alterations, : modifjcittiOnsladditions or-attachments thereto. , • • : • . . (b) -"Lease Schedule ' • • • • -• • • ••• • • "Lease Schedule" shall means the schedule listing, describing, and pricing the Aircraft leased hereunder, signed by the parties hereto. (c) Lease The'terms . "Aitcreft. Finance.Lease. and Conditional Sales Contraqp, . ' "Aircraft Leaii". end/Or."Lease" and all references thereto, as :Zed ' '7 -throughoUtthis instrUment; the Lease Schedule, and all exhibits and :docuMentssissued and executed pursuant hereto or thereto,\shall mean this instrument as originally executed or if later extended, renewed, amended or supplemented; then as so extended, renewed, amended or supplemented. H ai -. • (d) Net Proceeds \ , In any sale.of'the Aircraft or any Unit-or part thereof, "Net Proceeds" shall mean 'the:amount received in cash upon-the sale thereof, less expenses incurred by5or for Lessor'in-cOnnection with such sale, • including,reconditioning:and'remoyal -expenses, repair costs and. • N •corranissions; treasonable attorneys' fees ind.less all sums accrued and unpaid to `Lessor, pueduani to this Aircraft Lease; to. the date of such sale.!. • • • • glA 4.• ea);:e.ed c2O f-5° • C. 14 7 • ' 4 • .=_•••••;--,- • „ • : i p,Olameiiat..c-;;-..-."43a4iki.faci4;Reate-firo0=7,-Awriew:4, • ••,1•Ii•-•qt.r:4-:•• ..• c r;?!.. • •• ft*: VP".66 EFTA00278057

:':FAA AIRCRAFT 'REGISTRY.. . CAMERA NO. 2 DATE:.. 6 - /7; 87 • "Unpaid. Principal" shall'mean, it the date of. determination thereof the :amount specified in the Lease Schedule as applicable at that time phis, applicable,Hthe amount of any Unpaid:Principal due to be paid on a i,:ipaymen1 Datewhich has not been.so paid. LstrE Lessor..dereby. agrees to lease to:Lessee and Lessee. hereby agrees' o lease . fribm:14pasor,the Aircraft, engineS. and accessOries•described'in the Lease . • . .. • ;..Schedule upon the provisionse.terms and conditions. Lease and the • . .. ..._.. .. ..... tease ; • . • . ,.• ...• • The rent.for the Aircraft leased pursuant to this Aircraft Lease shall. be the .rent:provided.for in Section promises to pay.Lessor, or order, the • t+ , • • . • • • . '._.rental payments -in accordanc provisions of the Lease Schedule, and . shall•be made to:such:account. in New York City as the Lessor shall from. time to time nbtify.tothe..Lessee in accordance with Section 35 hereinbeiow. 4. RENTAL ADJUSTMENTS On each Payment Date during.. the Terri the. Lessee shall pay to the Lessor rent in an. amount which is the aggregate of (a) the proportion of the Unpaid Principal which is due.on thatPayment Date, as specified in the Lease Schedule and (b) an amount equal to LIBOR for the'Rent Term ending on such Payment Date plus 1.25% appliectto the amount of the Unpaid Principal outstanding frbm day to day during such Rent Term: .Said interest rate shall be. net of .any withholding. taxes. For the purposes of this Sectibn:4; "Rent'Term" means each period of time for which a payment of rent under •• .• . this Section is calculated being. the period which commences on the last . day.Aof the-immediately preceding Rent-Term (other than the case of the -first Rent Term which will commence.on the date of delivery of the • Aircraft in.aecordance with Section'E).and.ends on the next Payment „ . "Payment Date" means a date specified in the Lease Schedule:for payment of Rent by the Lessee. "LIBOR" means in relation to a particular Rent Term 'the rate at which U.S. Dollar deposits for a.period comparable to such Rent Term and in an amount comparable to the Unpaid Principal at the commencement of such Rent Term are being offered to the Lessor in the London Interbank Eurocurrency Market two business days (in both London and New York) prior toithe first day-of such :Rent.Term or, if no such deposits are being offered to the the Lesser the rate at which or is able to fund an amount comparable to sUchUnpaid'Principal a period comparable to such Renty;e9silloiwourixo 182111, 6.6 0) t. 1:e . . Y1'7.410". sae"' r....aidanaitatCniaja . . . . WC* • EFTA00278058

?AA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: 6 -87 setd‘Q.,, C./ • Lessee:,, by., written notice tbtesior'at.leastthirty(30): days prior to any. Payment Date may elecito.fii,:the cintereat rate upon which the Rental Payments are baied for all or a portion of the remainder of the Term with effect from,thejPavment Date 'specified iti.such notice (the period to which sucbelectionaPplies. being,.the/f!Fixed Period").,elf Lessee so elects, the tent due on the Payment•D eth tes.duringthe.Fixed Period shall be calculated by, substituting for LIBOR in 'the calculation of such rent: the rate quoted by the Lessorto.thetessee On,the:first day pfsuch Fixed Period as its cost'of :Junding thie Uppaid princiOal during•theFixed -period. -.,••••.. • • -5.• • ,.TERM • • • • The-term-)f this Aircraft- Lease•shall commence on and as of the date of acceptance. of the.Aircraft by. Lessee hereunder, and shall be as indicated-on the Lease Schedule, together-withanytenewals or extensions thereof. This lease may.be earlier. terminated .pursuant%to the provisions of Section 8, 20 .or 28 hwreinbelow. : lite& shall mean the period during which the Lessee is • ., ;entitled :topossession of the Aircraft .(Other than as a result of the passing .of ,title to the Aircraft to the Lessee).v i . DELIVERYOF AIRCRAFT; CONDITIONS PRECEDENT • (a) Subject to the provisions of•sub-paragraph (b) below; delivery of • the Aircraft by the Leisorto the Lessee shill be effected when the Aircraft .is transferred bi'the Lessie.to the Lessor iii accordance with the Bill of -: Sale,.teferred.to_in paragraph 6(b)(3(i) below (the "Bill of.Sale"). • I . The.following.shall be conditions precedent to the acceptance by . theLessor of the Aireraft from the Seller under the Bill of Sale and to delivery and the Lessee agrees -that all such .conditions shall be fulfilled prior,to Delivery:. • ..: . 7 No event ordefault shall have occurred or other event which with , Ore giving, of notice and/or lapse of time might constitute an event of default; . 2! Lesor shall have received in-form and substance satisfactory to it.- each oftile fOliowing: • (i) certificates addressed to Lessor by insurance advisors or : • : brokers acceptable to the Lessor confirming that the insurance ! required,to. be maintained in respect of the Aircraft pursuant • . -- a • • u• :_ .., to Section 9 hereof will be in full. force and effect on ' ;:•,:,ti-: errz:••;•:;:: ..: - • : • • .. .. , • :, :..., .,....... :: Delivery; ,,;:5 r-,tr%:. ',. .;.:: :: .. • . . • ,.... ,, . (ii). .a Bill of Saletransferring title in - Aircraft to Lessor , .,..- ,. .... substantially in the formset forth in Exhibit B hereto .... . . . i,,. ....,:!.: • .. .,,. :: .. . together4th a receipt in respect of the total purchase price t :i for the Aircraft substantially in the form set'forth in . . Exhibit C hereto; . . . .(iii) a legal opinion from Hunt and Hunt, counsel to the Lessee, in. • formiand substance. satisfactory to the Lessor; . ..• • • • • . •;.! • • . • • . 3 •• . . •-tv.;7• 14, .cf-lts • • • • .tvIpkr;;;Tig -.,,- • • • • • ,•• • ' .• EFTA00278059

AIRCRAFT REGISTIY CAMERA NO. 2 DA TEt 6 • /7 - 87. • tly ; the:guarantel'of Piccadilly HOUSelidithited in form and SUbstanidet Satisfactory :to.LesSoll (v) an-irrevOcable -stindby letter of Credit in the .smount of . . .;1,pooig0000 411 favouf of Lessor'idtUed by The Rural and Industries Bank:of'WesternYAustralia; Avi)-Certified'Copies of the,current'FAA Certificate of RegiattatiOn:andAirworthineds. relatingto the Aircraft; and (vii) confirmation-that the log books pertaining to the Aircraft have been left with the Aircraft. :(C):.'The:Leasee .acknowledges. that the condition of the Aircraft on delivery -ahall'be-the sole.responsibilitY'cfithe Lessee and the Lessee shall nOt.ba entitlecrfer any reasonwhatsOeVer to refuse to accept the delivery of 7 AirCriftheriunder.once•theSame hat. been transferred by the Lessee- to atlieiessor-purstIent to the Bill of Sale. Lessee shall insure that- the Aircraft, its engines and accessories are properly invoiced to and/or sold to Lessor prior to acceptance. thereof. LESSOR.SHALL NOT BE RESPONSIBLE FOR, NOR SHALL THE VALIDITY OF THIS. AIRCRAFT LEASE OR nig LEASE SCHEDULE BE AFFECTED BY, ANY DELAY IN OR FAILURE OF DELIVERY OF SAID AIRCRAFT, ITS ENGINES AND ACCESSORIES. .Upon delivery of the.Aircraft; its engines and accessories, LesSee.shall prOMptlY inspect said Aircraft, -engines and accessories to determine any defects :therein and if acceptable'to Lessee, accept the same on behili.of Letsoi. -Liasee.shall accept the Aircraft, its engines and accessories as delivered and.provide evidence thereof to Lessor on a Certificate of AaCeptance. Lessor shall insert the serial number, 'desCriptive material,:detaili of Unpaid Principal and other,. relevant matters . On the Leaia Schedule. Lessor shall have no duty to inspect the Aircraft, its engines or accessories. If the Aircraft, its engines or accessories do not 'operate as represented or warranted, or if its engines or accessories are not properly installed by any supplier, or the Aircraft.is unsatisfactory for any reason, Lessee shall make any claim an account thereof solely against said supplier. 7. MAINTENANCE; REPLACEMENT AND POOLING OF PARTS; AIfTERATIONS, MODIFICATIONS AND ADDITIONS 7.1 Maintenance (a)- Lessee shall' maintain, service,'repaii, overhaul, alter and modify the Aircraft, or cause it to be -maintained, serviced, repaired, overhauled, .altered and Modified, in accordance with a -maintenance program for the Aircraft approved by the FAA.(the "Maintenance Program"), so as to keep'the Aircraft in good operating condition, ordinary wear and tear excepted, and in such condition as required to enable the Standard Certificate of. Airworthiness for, the Aircraft to be maintained in good standing at all times • under the Act, except when the Aircraft is being stored, maintained, • serviced, repaired,-wverhauled, tested or modified as permitted -or required by this Lease or when the Aircraft has been:grounded (other than grounding for an act or cmissibn which would constitute a. breach of this. Lease) by the FAA or other applicable governmental authority'prior -to the expiration or termination of this Leaal. Notwithstanding the fOregoing, if at any time-.the Aircraft and/or Engines aie .nbfleins)operated, Lessee may store, or may 182 iiv 60 el tillis 031, tetQ 1„: u.,cildVIT, •:1 • tr. • • • • • • • , EFTA00278060

'AA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: 6 - /7 - (97 cause to be stored, the Aircraft and/or Engines at a suitable storage • facility selected by Lessee: In any such case, Lessee will story, service, preserve, reactivate and prepare the Aircraft and/or Engines for return to service or cause the Aircraft and/or Engines to be stored; serviced, preserved, reactivated and prepared for return to service, in accordance with the current procedures of the Manufacturer or such storage facility, as the case may be, applicable to aircraft and engines of the same type as the . Aircraft and Engines. The Aircraft may be stored in the open, except that the aircraft documentation and any uninstalled Engines or'Partsshall be protected and stored under cover. (b) Lessee shall comply With'or .caute to be complied with all service, inspection, maintenance, repair and overhaul regulations, directives and .:instructionS•which.are made mandatory by the FAA or other governmental authority upon United States operators 'of Boeing Model 727-100 aircraft and Pratt & Whitney JTBD-7B engines and which require compliance during the term of this Lease. The Aircraft will not be maintained, used or operated in material violation of any law or any rule, .regulation or order of any government or governmental authority having jurisdiction (domestic or li.77,r-L':foreign) or in violation of any airworthiness certificate, license or -r!.•: registration relating to the Aircraft, Airframe or any Engine installed on the Aircraft issued by any such authority. In the event that any law, rule, fizt .:** regulation or order requires that any alteration of the Aircraft, Airframe or ' any Engine be made during the period, Lessee shall conform thereto or obtain conformance therewith at no expense to Lessor, and maintain or cause to be 7•,ny% dt'maintained the Aircraft in proper operating condition under such laws, rules, regulations and orders. . . . - • !!':-1 7.2 Replacement of Parts :idessee will promptly replace or cause to be promptly replaced all parts which . 11;L:'; may. from time to.time be incorporated in the Aircraft, Airframe or any Engine and which may from time to time become worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use for any reason whatsoever, except as otherwise provided in Sections 7.4 and 7.5. Any parts, whether or not worn out, lost, stolen, destroyed, seized, confiscated, damaged beyond repair or permanently rendered unfit for use, may be removed in the ordinary course of maintenance,, service, repair, overhaul or testing, so long as, except as provided in Sections 7.4 and 7.5, such parts are replaced as promptly as possible. All replacement parts shall except as provided in Sections 7.4 and 7.5 be free and clear of all Liens and shall be in as good operating conditiOn as, and shall have performance and durability characteristics and a value and utility at least equal to, the parts replac- i ass' ling such replaced parts were in the condition and repair required t be maintained by the terms hereof. All parts at any time removed from the Aircraft, Airframe or any Engine shall remain subject to this Lease, no matter where located, until such time as such parts shall be replaced by parts which have been incorporated in the Aircraft, Airframe or such Engine and which meet the' requirements for replacement parts specified above. Immediately upon any replacement part becoming incorporated in the Aircraft', Airframe or such Engine as above provided, without further act, such replacement part shall except. as provided in Sections 7.4 and 7.5 become L subject to this ease and be deemed part of the'Aircraft, Airframe or such Engine for all purposes hereof to the same extent as the Parts originally incorporated in such Aircraft, Airframe or Engine. • ••:t• • . EFTA00278061

IAA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: 7:3 .1looling.of.Parts Any part removed from. anyAiroraft, Airframeior Engine as provided in 72 may.be,subjected -to a normal pooling arrangement customary in the lAirlintindustry enteredinto-in.the ordinary course of business of Lessee .4fsith United /States.certificated air_carriers, so long as the part replacing such reMoved part shall be. incorporated in the Aircraft, Airframe or such :::,Engine.in.accordance.with,Section7.2:as promptly as possible after the removal of such removed part.. • • 7.4_Alterations i Mcidifications and Additions. • •-,- Lessee .shall make or cause :to he-padesuch alterations and modifications in hand additions ;to the -Aircraft-as may be required from time to time to meet standards of the FAA or. other governmental authority having jurisdiction ,:. Over the Aircraft and.to maintain the Standard Certificate of Airworthiness for the Aircraft. In addition,. Lessee may make or permit to be made such alterations and modifications in and additions to the Aircraft, Airframe or any-Engine as may be deemed desirable in the propel conduct of the business o_£ Lessee, including without limitation the removal of'parts obsolete or no longer suitable or appropriate for use in the Aircraft, Airframe.or such Engine; but no such alteration, modification or addition shall (i) diminish the value, performance, durability or utility of the Aircraft, Airframe or such Engine; or impair the condition or airworthiness thereof, below the value,,,performance, durability, utility, condition and airworthiness thereof immediately prior to such alteration, modification or addition assuming the Aircraft, Airframe or such Engine was then of the value or utility and in the condition and airworthiness required to be maintained by the terms of this • Lease, (ii) adversely affect the capability of the Aircraft, Airframe or Such • Engine to be used in commercial service, (iii) materially adversely affect' the cost of performing Airframe or Engine"maintenance, (iv) adversely affect the service life of the Aircraft, Airframe or such Engine, the interchangeability of spare parts and ground support equipment for the Aircraft or the commonality of support equipment for the Aircraft or the commonality of (A) the Aircraft with other Boeing aircraft or (B) such Engine, with other engines, type, (v) adversely affect aerodynamic characteristics, performance, weight or ground or flight operation characteristics Ot•Lhe Aircraft'or (vi) change the basic configuration thereof. Except as provided in Section 7.5 all parts incorporated in the Aircraft, Airframe or such Engine as the result of such alteration, modification or addition shall -become part of this Lease.. Notwithstanding the provisions of Sections 7.2 and 7.4, Lessor and Lessee agree that Lessee may, consistent with the maintenance standards of the Airframe manufacturer. and the Engine manufacturer, replace component parts of the Aircraft witirtemporttry substitute equipment, including substitute engines, during such time as the original -component shall be removed for service, checking or overhaul. Such substitute equipment shall be the subject of prompt notice given by Lessee to Lessor 'giving full definition of.. the purpose Of-ind the duration of the substitution. Substitute equipment employed by Lessee under the terms of this. Section 7.5 shall be"held by Lessee, at Lessee's sole cost and expense, as a bailee for hire and title to such substitute equipment shall pass neither to Lessee nor to Lessor. • fIt'ficticisalelikin;;;••••:, - • • • EFTA00278062

FAA AIRCRAFT REGISTRY ,CAMERA NO. 2 DATE: 6 - /7 - 67 A N.• 1'1-31 00006. 1 6 LOSS, DESTRUCTION, REQUISITION, ETC. .rj?t,H T. I 1:. It. •.; • .1.-.Event of Loss • • , "Event of Loss means; with respect to the Aircraft, Airframe or any :Engine, any of the following events with respect to such property: (i) loss of such property or the use thereof due to theft or disappearance for a period of 30 days or. more; (ii) destruction, damage beyond repair • . 4 ;toe: rendition of such property so as to be permanently unfit for -normal— for any- reason whatsoever;.:(iii) any damage to "such property which results in an insurance settlement with respect to such property on the basis of a total loss; (iv) the condemnation or (except as pr vid?..d in Section 8.5 below) requisition'of title to, or the confiscati , seizure • or requisition of use of such property for a period of thirt f./Consecutive:days; (v) as a result of any rule, regulation, order or :other action:by the FAA or other governmental body having jurisdiction, •.. :wywhich) relateS to all similar Aircraft and/or Engines, the use of such • • -property in the normal course -of Lessee's,business shall have been prohibited for, a period of more than six -Consecutive months unless _ . : Lessee, prtor to the expiration of such six-month period, shall have • • --,;;i/undertaken iak caused to be undertaken and shall be diligeitly carrying •, •!.:;...:si::forward all steps which are necessary or desirable to permit the normal use of such property by Lessee or, in any event, if such use shall have been prohibited for a period of nine consecutive months; (vi) the operation or location of such Property, chile under requisition for use by the Government, in any area excluded from coverage by any insurance policy in effect with respect thereto required by the terms of this Lease; or (vii) any divestiture of Lessee's title-. 8.2 Event of Loss with Respect to Airframe Upbn the occurrence of an Event of Loss with respect Co. the Airframe, Lessee -• shall forthwith (and in any event within 30 days after it shall become aware of such occurrence) give or cause to be given to Lessor written notice of such Event of Loss and shall comply with the provisions of this Section 8.2. .3- . On or before the Business Day next preceding, 30 days following the date of the occurrence of, such Event of Loss, Lessee shall pay to Lessor the Unpaid Principal then outstanding plus interest thereon to the date of such payment. Upon receipt of such payment, all past due Rental= and any other sums due hereunder, this Lease shall terminate with respect to the Aircraft and the Lessor shall execute a Bill of Sale to transfer title in the Aircraft to the Lessee for the sum of U.S.S4:-.00 and a release on FAA Form AC8050-41 (or such other form or document as may -from time to time be current for effecting the release intended thereby) and such other documents as the Lessee may reasonably require for filing with the FAA in connection with such release. and the transfer of the Aircraft to the Lessee. •:. t ) . 1- • 8.3 .Event of Loss with Respect to Engine Upon the occurrence of an Event of Loss with respect to an Engine under circumstances in.which there has not occurred an Event of Loss with respect to the Airframe, Lessee shall give or cause to be given to Lessor prompt written notice of such Event of Loss and shall as promptly as possible in any event within 307.days after it shall become aware of the occurrence of 7. t • . . -,Lobie..iacra•Na.Q;;;;,4:a.:',' • EFTA00278063

FAA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: - /7 c97 • • • jw's •-• • • ••• II • such Evenc of .toss, cause such Engini-IO'be replaced with a replacement . :.-:engine free and'clear of-all liens-and having performance and durability characteristics ancha value and utility at least equal .to, and being in as . 'good operating condition as, the.Engine with respect to which such Event of Loss occurred, assuming such Engine.was.of the value•and utility and in the . . • •12 niaOndition and repair required by thetermi-hereof immediately. prior to the • occurrence of suchlEventof Lys, and such. replacement Engine shall be deemed • an Engine'for all purposes hetTof.',-Lesseershall co-operate with Lessor in the completion and.eXecution of any indall ch2cuments and/or filings - InecesadrY:Ao AranttAnd perfeCt'LessortsJ.interests in.such replacement.Engine - As an- ngine'hereUndet.• • . • • . • - • - 8;4HApplication-of PaymeniS-. • • :->AnyloayMents (other than.insurande'proceeds the application of which is providedtforinSection 941) received at any time by Lessor or Lessee from any governmental authority or other person with respect to any Event of Loss . applied -as•follows:-(a) 7f such.paymentS are received with respect -to .the Engine beingreplaced or caused to-iliks4 replaced pursuant to Section 8.3, • ;:auch.payments shall be paid over to or retained by Lessee, (b) all other such payments shall be applied in -reduction -of amounts. owing to the Lessor ?Hpursuant to Section 8,2'if not already paid by Lesiee or, if already paid by . Lessee, shall be applied to reimburse Lessee for its payment of Such amounts rind any balance remaining thereafter shall' be paid to or for the account' of . •:Lessee... - . y • . .41.)" If the Aircraft is requisitioned for hire by any governmental or other coMpetent authority during the-Term, then, unless and until the Aircraft beComeS a total lass following such requisition and the Lessee shall have made payientbf all sums due upon such loss:;. this Lease shall continue in full fOrce'and effect for the remainder of thi-Term (subject always to the proVisions for earlier termination), and the Lessee shalli remain fully responSible for the due compliance,with all its obligations under this Lease other than.such.obligations which the Lessee is unable to'comply with solely by virtue of such requisition. . • • . (b) If the Lessee shall duly comply with all its obligations under this Lease except .as. mentioned in Section'8.5(a), the Lessee shall, during the - Term, be entitled'tb all requisition hire paid to the Lessor or to the Lessee hy'such governmental or other competent authority at by any person acting by the authority of the same on account of such requisition. (c) The Lessee shall, as soon as practitable after the end'of any requisition'for.hire, and whether that requisition shall end during or after the expiry or termination of the lease period, cause the Aircraft to be.put. into the condition required by this'Lease. • • • ,(d) Should the Aircraft be under requisition for kart at the end of the Terra, the Lease of the Aircraft shall (unless- otherwise agre4d bet,"4en the parties hereto)-neverthelesste'terminated at such end but without prejudice to the accrued'rights of the parties.' A • • 8 • • • • .• n n min EFTA00278064

0 0 0 0 si 0 0 0 1 6 8 6.6 Event of Default.. ..,. Any amount referred to itAhis Section 8 which is payable or'creditable to or .retainable by Lessee shall notha-Paid or credited to or retained by Lessee if, at :he time of such payment, credit or retention, an Event of Default . shall havetOccurred and be continuing, but shall be paid to and held by Lessor as sicurity for the obligations of Lessee under this Lease. Lessee shall at.ali tiMesfmaintain or cause to be maintained public. liability (including without limitation contractual liabilityi.passenger liability and property damage) insurance (but so-long as the Aircraft is placed in storage, only "on ground" liability insurance need be maintained) with such responsible companies as shall be. satisfactory to Lessor (a) of not less than US$70,000,000 combined single limit (aggregate products and personal injury) per occurrence, (b) which shall include, but not be limited to„pubiic liability insurance, contractual liability insurance, passenger liability insurance and property damage liability insurance (including cargo end baggage liability insurance) and shall cover war and allied risks except fqr coverage in respect of any hostile detention of any weapon of war.. epploying atomic or nuclear fission and/or fusion or other like reaction or radioactive forceor matter and (c) which shall name Lessor, and any other 1.1 party requested by Lessor, as additional insured. Provided; however, so long as the Aircraft is configured for and operated exclusiVely in cargo operation, Lessee shall not be required to maintain passenger liability insurance. • 9.2 Property Insurance Lessee shall at all times maintain, or cause to be maintained insurance against loss of or damage to the Aircraft in an amount not less than the . Unpaid Principal from time'to time, with such responsible companies as shall be satisfactory to lessor .as follows: (a) "all-risk" insurance on the • Aircraft and "alt-risk" coverage on each Engine and Part removed from the aircraft, (but so long as. the Aircraft is placed in storage, only "all-risk"' hull and aviation liability insurance applicable to aircraft on the ground , need be maintalhed): (b) maximum deductible of 1% and a $100,000 deductible per engine (for foreign object damage only), no deductible for total loss, and no coverage for depreciation; (c) if at any time the Aircraft, Airframe or any Engine shall be operated or is proposed to be operated on routes where the.custnm in the industry is to carry .war-risk insurance or where,.in the' opinion of Lessee there are actual or' threatened hostilities:'isar-risk insurance covering confiscation, seizure, hijacking'and similar forms of retention against will, be they by or under the order 'of any government (civil, military or defacto) or person. The insurance, policies required by this Section 9.2 shall (i) name Lessor as additional insured, (ii) provide that Lessor shall be loss payee to the extent of its interests in the case. of total or constructive total loss of the Aircraft, (iii). provide for payment of losses in United States Dollars, and (iv) provide that the insurers shall waive any rights of subrogation against Lessor. In the case of a contract with the United States FederalrGovernment ("Government") in respect of the use of the Aircraft, a valid and enforceable agreement (which status shall be • , • • . • • • EFTA00278065

FAA AIRCRAFT REGISTRY CAMERA NO. 2 DATE: 6 -./7 - 87 No. , :e A - ••• ,.. .• ‘...! /7-3ti .determined by Counsel for Lessor) by, theGovernMent to indemnify against the came risks which are required undei Settions 9.1 and 9.2 to be insured '414ainst in'an amount -at least equal'io the amounts required hereunder from time to .time shalli3e.considered adequate insurance with:respect to such :•:•riskt as'Ate subjettAtO such contract: • • . :. 9.3 deneral -PolicY Prqvisions Each insurance policy required by Section 9.1 or 9.2 shall (a) be primary. and without right of contribution from other 'insurance which may provide coverage to Lessor-with respect to.its interest in the.Aircraft, Airframe or any Engine or its liabilities with respect to or arising out of this transaction, :(b) provide that'allthe provisions thereof; except the agreed values and the XiMits of liability of the insurer under such policy, shall operate in the '':same manner as if there were a separate policy covering each Insured, (c) provide that, in respect of Lessor such insurance shall not be invalidated by 3:17; ':any action or inaciion.by'Lessee, and shall insure the interest of Lessor e ..'regardless of any bitach or violation by Lessee of any representation, warranty, declaration or Condition contained in such policy (d) provide for not less than thirty (30) days' prior written notice to Lessor before any materially adverSe al eration or termination or cancellation. of the insurance evidenced thereby shal be'effective as to Lessor except that war-risk and allied perils policies ay provide for not less than seven (7) days' prior • v::-'5 .[Written notice or Such esser notice as shall be customarily in effect with respect to major U4ited States commercial air carriers generally from time to tiMe, (e) provide that L ee shall be liable for any insurance premium, and .(f)-Shall be with insurance companies, underwriters or funds ("insurers") . . reasonably satisfactory to Lastdri- . 9.4 Application of Insurance Proceeds . As between Lessee and Lessor, all insurance prdceeds received under policies . reqUiied pursuaht. to.Section 9.2 as a result of the occurrence of am,Event of . Loss with respect- to the Aircraft, Airframe or any Engine will be applied in accordance Witht this Settion 9.4. All insurance proceeds in respectc,of-any property Aamige loss not constituting an Event of Loss with respect to the Airframe or an tEngine will be applied:in payment Apr to reimburse Lessee) for repairs or replacement of property in'accordance with the terms of •Sections 7.l-'and 7.2,.if not theretofore paid for, and any balance remaining Shill be paid to.or at the . direction of Lessee. The provisions of .section 8.6 shall apply to amounts referred -to in this Section : . Certificates' (a) The Lessee before deliVery, shall cause Lessor to be furnished with 'telegraphic or.other written evidence from an insurance broker active in the United States', West Germany, United Kingdom or Abstralia aviation insurance :industry confirming that all insurance required by the Lease has been Placed ' and issued by a responsible insurer or insurers and, thereafter, within fifteen (15) days, Lessee furnish Lessor with an appropriate certificate and/or policies frbm or on behalf of such insurer or insurers certifying and . .confirming existence.of such insurance coverage. . . . (b) Annually within thitty'(30) days after the earlier of the anniversary of the initial.dOWn payment or the anniversary of the policies of 10 • .• • .•••••• ••..••• ••• . . 1:. :• • . I • . . • 5. ftr.;;Oriiktc>7;44:.ri••••-:?•;07•0 ;•;Simpipprinsr.,-, • , • .• • -41:4‘itY;\ . • EFTA00278066