WESTERN SURETY COMPANY ATTN: JOHN J. SHEPPARD II Q!-/i( ?) APR 24. 2012 OUR L/C NO TFTS -397030 WE HAVE ESTABLISHED THIS IRREVOCABLE LETTER OF CREDIT NO. TFTS-397030 ("LETTER OF CREDIT") IN YOUR FAVOR FOR THE ACCOUNT OF HYPERION AIR, INC., 301 EAST 66TH STREET, SUITE 10F, NEW YORK, NY 10065 FOR DRAW

ow MmiCoJkLIW% 0*.ipALMW4.10$ APR 24, 2012 OUR L/C NO TFTS-397030 ALL DRAFTS MUST BE MARKED "DRAWN UNDER JPMORGAN CHASE BANK, N A. , LETTER OF CREDIT NO. TFTS-397030. DRAFTS MUST BE PRESENTED TO US NOT LATER THAN APRIL 30, 2013, OR ANY EXTENDED EXPIRATION DATE AS HEREIN ABOVE PROVIDED. THIS LETTER O