358 EFTA_00 I 68 I 00 EFTA01296071 amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

0023774 EFTA_00171461 EFTA01297608 amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

l, Inc. (f/k/a Shmitka Air, Inc.) ("Owner"). WHEREAS, Owner and Flight Options have entered into Operative Agreements (to wit, Purchase Agreement, Management Agreement, Owners Agreement and Master Interchange Agreement; together the "Operative Agreements") dated 12/21/04 which relate to Owner's 6.25% fractional ow

l, Inc. (f/k/a Shmitka Air, Inc.) ("Owner"). WHEREAS, Owner and Flight Options have entered into Operative Agreements (to wit, Purchase Agreement, Management Agreement, Owners Agreement and Master Interchange Agreement; together the "Operative Agreements") dated 12/21/04 which relate to Owner's 6.25% fractional ow

amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

amount of $100,000 per year, $25,000 of which is payable quarterly, commencing with the execution of the said Management Agreement, and on the first day of each of the three, three-month periods thereafter, and (c) the Company's reimbursement to the Manager of the Manager's rea

l guidelines for portfolio managers; portfolio holdings may fall outside of ranges and allocations from time to time as described in the investment Management Agreement. Nan al Illn Ilaz Investment Restrictions: FIXED INCOME THE CLIENT DOES NOT WISH TO INCLUDE EITHER EQUITY OR FIXED INCOME OR COMMODITY COMPLEME

l guidelines for portfolio managers; portfolio holdings may fall outside of ranges and allocations from time to time as described in the investment Management Agreement. renal Min Max Investment Restrictions: FIXED INCOME THE CLIENT DOES NOT WISH TO INCLUDE EITHER EQUITY OR FIXED INCOME OR COMMODITY COMPLEMENTA

l guidelines for portfolio managers; portfolio holdings may fall outside of ranges and allocations from time to time as described in the investment Management Agreement. Nnrrnal 100.00 Max Wn Security Restrictions NONE Tax Status Tax Identification Number: Tax Domicile: High Federal Tax Bracket: J.P. Morgan

l guidelines for porffolio managers; portfolio holdings may fall outside of ranges and allocations from time to time as described in the investment Management Agreement. Nnrrruil 100.00 Nin Max Investment Restrictions: NONE Security Restrictions NONE Tax Status Tax Identification Number: Tax Domicile: Hig

ng, without limitation, the Flight Options, LLC ("Flight Options') agreements described as follows: Master Interchange Agreement, Owners Agreement, Management Agreement, and Purchase Agreement, including any amendments thereto (collectively the "Operative Agreements"). C. All proceeds of the foregoing, including,