FLYEXCLUSIVE INC.
EX-10.6
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<TYPE>EX-10.6
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<FILENAME>d557329dex106.htm
<DESCRIPTION>EX-10.6
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN INFORMATION IDENTIFIED WITH THE MARK &#147;(***)&#148; HAS BEEN EXCLUDED FROM THIS
EXHIBIT BECAUSE SUCH INFORMATION IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit
10.6 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SENIOR SECURED NOTE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
Senior Secured Note (this &#147;<B><I>Note</I></B>&#148;) is entered into as of December&nbsp;1, 2023 (the &#147;<B><I>Closing Date</I></B>&#148;) by and among LGM Enterprises, LLC, a North Carolina limited liability company (the
&#147;<B><I>Borrower</I></B>&#148;), FlyExclusive Jet Share, LLC, a North Carolina limited liability company (&#147;<B><I>Jet Share</I></B>&#148;), as a guarantor (in such capacity, the &#147;<B><I>Guarantor</I></B>&#148; and, together with the
Borrower, the &#147;<B><I>Obligors</I></B>&#148;), ETG FE LLC, a Delaware limited liability company or its registered assigns, as the initial holder of this Note (in such capacity, the &#147;<B><I>Initial Noteholder</I></B>&#148;), any Noteholders
party hereto from time to time, Kroll Agency Services Limited, a company incorporated under the laws of England and Wales, as administrative agent (in such capacity, the &#147;<B><I>Administrative Agent</I></B>&#148;) and Kroll Trustee Services
Limited, a company incorporated under the laws of England and Wales, as collateral agent (in such capacity, the &#147;<B><I>Collateral Agent</I></B>&#148; and, together with the Administrative Agent, each an &#147;<B><I>Agent</I></B>&#148; and
collectively, the &#147;<B><I>Agents</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, the
Borrower hereby unconditionally promises to pay, to the Noteholders, the initial principal amount of $15,714,286 and any applicable interest and as may be decreased by any applicable prepayment of principal (such principal amount at any time
outstanding, as so increased or decreased from time to time, the &#147;<B><I>Outstanding Principal Amount</I></B>&#148;), together with all accrued and unpaid interest thereon as provided in this Note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <B><U>DEFINITIONS; INTERPRETATION</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Definitions</U>. Capitalized terms used herein shall have the meanings set forth in <U><B>Annex&nbsp;A</B></U> attached hereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Interpretation</U>. For purposes of this Note (a)&nbsp;the words &#147;include,&#148; &#147;includes,&#148; and &#147;including&#148;
shall be deemed to be followed by the words &#147;without limitation;&#148; (b) the word &#147;or&#148; is not exclusive; (c)&nbsp;the words &#147;herein,&#148; &#147;hereof,&#148; &#147;hereby,&#148; &#147;hereto,&#148; and &#147;hereunder&#148;
refer to this Note as a whole; (d)&nbsp;the Borrower or Jet Share will be deemed to have &#147;knowledge&#148; of a particular fact or matter if any board member, officer or key employee of any Obligor or any Subsidiary has actual knowledge of such
fact or matter or could have acquired actual knowledge of such fact or matter in the ordinary course of performance of such Person&#146;s duties in such role or after reasonable investigation with respect to such fact or matter, and (e)&nbsp;unless
otherwise expressly provided, references to agreements and other contractual instruments shall be deemed to include all subsequent amendments, restatements and other modifications thereto, but only to the extent such amendments, restatements and
other modifications are entered into in accordance with any applicable restrictions set forth in this Note. The definitions given for any defined terms in this Note shall apply equally to both the singular and plural forms of the terms defined.
Unless the context otherwise requires, references herein to Schedules, Exhibits, and Sections mean the Schedules, Exhibits, and Sections of this Note. This Note shall be construed without regard to any presumption or rule requiring construction or
interpretation against the party drafting an instrument or causing any instrument to be drafted. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <B><U>COLLATERAL</U></B>. The payment and performance of the Secured Obligations are
secured on a first lien basis (except for Permitted Liens) by the &#147;Pledged Collateral&#148; (as defined in the Pledge Agreement) and the &#147;Mortgage Collateral&#148; (as defined in each Aircraft Mortgage) (collectively, the
&#147;<B><I>Collateral</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <B><U>PAYMENTS OF PRINCIPAL; FEES</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.1 <U>Payment at Maturity</U>. The aggregate Outstanding Principal Amount, all accrued and unpaid interest, and all other Secured Obligations,
including accrued and unpaid fees and expenses, payable under this Note shall be due and payable on the Maturity Date. No amount repaid or prepaid under this Note may be reborrowed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.2 <U>Voluntary Prepayments</U>. Subject to <B><U>Section&nbsp;3.4</U></B>, the Borrower may voluntarily prepay the Secured Obligations in
full or in part by providing ten (10)&nbsp;days&#146; prior written notice to the Administrative Agent and the Noteholders. Such amounts voluntarily prepaid are to be distributed by the Administrative Agent to the Noteholders in accordance with
<B><U>Section&nbsp;5.1</U></B>. Any voluntary prepayment pursuant to this <B><U>Section&nbsp;3.2</U> </B>shall be subject a Make-Whole Fee (as defined below) to be paid to Administrative Agent (for the account of the Noteholders on a pro rata basis
to their outstanding Loans). Partial prepayments shall be made in minimum amounts of $1,000,000 or a multiple of that amount. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.3
<U>Mandatory Prepayments</U>. Following the occurrence of any Prepayment Event, at the option of the Majority Noteholders exercisable at any time after such Prepayment Event, the Borrower shall prepay the Outstanding Principal Amount of the Loan,
all accrued and unpaid interest, and all other amounts in cash such that Payment in Full shall have occurred with respect to the Secured Obligations. Notwithstanding the foregoing, following the occurrence of a Prepayment Event, the Secured
Obligations shall continue to accrue interest pursuant to <B><U>Section&nbsp;4</U> </B>until Payment in Full. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.4 <U>Make-Whole Fee</U>.
If the Borrower makes any voluntary prepayment prior to the Maturity Date, the Borrower shall pay to the Administrative Agent (for the account of the Noteholders on a pro rata basis to their outstanding Loans) a
<FONT STYLE="white-space:nowrap">non-refundable</FONT> make-whole fee (the &#147;<B><I>Make-Whole Fee</I></B>&#148;) on the date of such prepayment (the &#147;<B><I>Make-Whole Date</I></B>&#148;) calculated as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">E = X*(YZ/360) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; font-size:10pt; font-family:Times New Roman">where: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">E:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">means the Make-Whole Fee payable pursuant to this <B><U>Section&nbsp;3.4</U></B>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">X:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">means the Outstanding Principal Amount of the Loans being prepaid as of the Make-Whole Date.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Y:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">means the number of days during the period commencing on the applicable Make-Whole Date and ending on the date
that the Maturity Date. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Z:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">means the interest rate applicable to the Loans on the Make-Whole Date. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.5 <U>Back End Fee</U>. On the date that Payment in Full occurs (whether on the Maturity
Date, by acceleration or otherwise) (such date, as used in this <B><U>Section 3.5</U></B>, the &#147;<B><I>Back End Date</I></B>&#148;), the Borrower shall pay to the Administrative Agent (for the account of the Noteholders in accordance with their
Pro Rata Shares) a <FONT STYLE="white-space:nowrap">non-refundable</FONT> back end fee in an amount equal to one percent (1.00%) of the initial Outstanding Principal Amount of the Loans funded on the Closing Date (the &#147;<B><I>Back End
Fee</I></B>&#148;). Such Back End Fee shall be fully earned, and shall be due and payable in full on cash on the Back End Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.
<B><U>INTEREST</U></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.1 <U>Interest Rate</U>. The Outstanding Principal Amount shall accrue interest daily at the Applicable Rate,
subject to <B><U>Section 4.3</U></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.2 <U>Interest Payments</U>. All accrued and unpaid interest shall be due and payable in arrears
(a)&nbsp;on the last day of each calendar month, commencing with the last day of the first calendar month following the Closing Date and continuing until Payment in Full occurs in accordance with the terms of this Note and (b)&nbsp;on the date on
which Payment in Full occurs (each such day, subject to <U><B>Section 5.3</B></U>, a &#147;<B><I>Payment Date</I></B>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.3
<U>Default Interest</U>. At any time after the occurrence of an Event of Default, all outstanding Secured Obligations under this Note shall thereafter bear interest at the Default Rate. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.4 <U>Computation of Interest</U>. All computations of interest shall be made on the basis of three-hundred sixty (360)&nbsp;days, unless such
interest shall exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of three-hundred sixty five (365)&nbsp;or three- hundred sixty six (366)&nbsp;days, as the case may be, and the actual number of days
elapsed. Interest shall accrue on the Outstanding Principal Amount of the Loan on the day on which the Loan is made, and shall not accrue on the Outstanding Principal Amount of the Loan for the day that Payment in Full occurs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.5 <U>Interest Rate Limitation</U>. If at any time and for any reason whatsoever, the interest rate payable on the Loan shall exceed the
maximum rate of interest permitted to be charged by the Noteholders to the Borrower under applicable Law, such interest rate shall be reduced automatically to the maximum rate of interest permitted to be charged under applicable Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5. <B><U>PAYMENT MECHANICS</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.1 <U>Manner of Payments</U>. All cash payments of interest and principal shall be made in lawful money of the United States of America no
later than 11:00 AM, New York time on the applicable Payment Date by wire transfer of immediately available funds to the account of the Administrative Agent specified on the Administrative Agent&#146;s signature page or such other account as is
specified by the Administrative Agent in writing to the Borrower from time to time. Promptly following receipt thereof, the Administrative Agent shall distribute any such payments received by it to the account of each Noteholder specified on such
Noteholder&#146;s signature page or such other account as is specified by such Noteholder in writing to the Administrative Agent from time to time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.2 <U>Application of Payments</U>. All payments made under this Note shall be applied
<I>first </I>to the payment of any fees, expenses, and reimbursements of the Administrative Agent outstanding hereunder or under the Note Documents, <I>second </I>to the payment of any fees, expenses and reimbursement of the Noteholders outstanding
hereunder on a pro rata basis, <I>third </I>to accrued and unpaid interest under the Note on a pro rata basis, and <I>fourth </I>to the payment of the Outstanding Principal Amount under the Note on a pro rata basis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.3 <U>Business Day Convention</U>. Whenever any payment to be made hereunder shall be due on a day that is not a Business Day, such payment
shall be made on the next succeeding Business Day and such extension will be taken into account in calculating the amount of interest payable under this Note. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.4 <U>Rescission of Payments</U>. If at any time any payment made by the Borrower under this Note is rescinded or must otherwise be restored
or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, the Borrower&#146;s obligation to make such payment shall be reinstated as though such payment had not been made. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.5 <U>Pro Rata Sharing</U>. If any Noteholder shall obtain any payment or other recovery (whether voluntary, mandatory, involuntary, by
application of <FONT STYLE="white-space:nowrap">set-off</FONT> or otherwise) on account of principal of or interest on the Note in excess of such Noteholder&#146;s Pro Rata Share prior to giving effect to such payment or recovery, then such
Noteholder shall purchase from the other Noteholders such participations in the principal and interest Secured Obligations on the Note owed to them as shall be necessary to cause such purchasing Noteholder to share the excess payment or other
recovery ratably with each of them; <U>provided </U>that if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing Noteholder, the purchase shall be rescinded and the purchase price restored to the
extent of such recovery. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.6 <U>Taxes</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Applicable Law</U>. For purposes of this <B><U>Section&nbsp;5.6</U></B>, the term &#147;applicable law&#148; includes FATCA. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) <U>Payments Free of Taxes</U>. Any and all payments by or on account of any obligation of any Obligor hereunder or under any other Note
Document shall be made free and clear of and without deduction or withholding for any Taxes except as required by applicable law. If any Obligor, the Personal Guarantor or the Administrative Agent is required by applicable law to deduct or withhold
any Taxes from such payments, then the applicable Obligor, the Personal Guarantor, or the Administrative Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant
Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the amount payable by the such Obligor, the Personal Guarantor or the Administrative Agent shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional amounts payable under this <B><U>Section&nbsp;5.6</U></B>), the applicable Noteholder receives an amount equal to the amount it would have
received had no such deduction or withholding been made. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) <U>Payment of Other Taxes by Borrower</U>. Without limiting the provisions of
<B><U>clause (a)</U></B><B></B>&nbsp;above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) <U>Indemnification by Borrower</U>. Without duplication of any amounts required to be paid in <B><U>Section&nbsp;5.6(b)</U></B>, the
Borrower shall indemnify the Noteholder, within ten (10)&nbsp;days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this<U>
<B>Section</B><B></B><B>&nbsp;5.6</B></U>) paid or payable by the Noteholder, or required to be withheld or deducted from a payment to or for the benefit of the Noteholder and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by the Noteholder shall be conclusive
absent manifest error. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) <U>Evidence of Payments</U>. As soon as practicable after any payment of Taxes by any Obligor or the Personal
Guarantor, as the case may be, to a Governmental Authority pursuant to this <B><U>Section&nbsp;5.6</U></B>, the applicable Obligor or Personal Guarantor shall deliver to the Noteholder the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the relevant return reporting such payment or other evidence of such payment reasonably satisfactory to the Noteholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) <U>Treatment of Certain Refunds</U>. If the Noteholder determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this <B><U>Section&nbsp;5.6</U> </B>(including by the payment of additional amounts pursuant to this <B><U>Section&nbsp;5.6</U></B>), it shall pay to the indemnifying party an
amount equal to such refund (but only to the extent of indemnity payments made under this <B><U>Section&nbsp;5.6</U> </B>with respect to the Taxes giving rise to such refund), net of all <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses (including Taxes) of the Noteholder and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon
the request of the Noteholder, shall repay to the Noteholder the amount paid over pursuant to this <B><U>clause (f)</U> </B>(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that the
Noteholder is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this <B><U>clause (f)</U></B>, in no event will the Noteholder be required to pay any amount to an indemnifying party pursuant to
this <B><U>clause (f)</U></B><B></B>&nbsp;the payment of which would place the Noteholder in a less favorable net <FONT STYLE="white-space:nowrap">after-Tax</FONT> position than the Noteholder would have been in if the Tax subject to indemnification
and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This <B><U>clause (f)</U></B><B></B>&nbsp;shall not be construed
to require the Noteholder to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person or take other actions that, in the reasonable judgment of the
Noteholder, would be adverse to its commercial interests. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) <U>Increased Costs</U>. If any Change in Law shall subject the Noteholder to
any Taxes (other than (1)&nbsp;Indemnified Taxes, (2)&nbsp;Taxes described in <B><U>clause (b)</U></B><B></B>&nbsp;of the definition of Excluded Taxes, and (3)&nbsp;Connection Income Taxes) on this Note or any principal, interest or other
obligations, or reserves or other liabilities, relating to or arising under any Note Document, and the result of any of the foregoing shall be to increase the cost or expense to such Noteholder of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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making, converting to, continuing, or maintaining any Note, or to reduce the amount of any sum received or receivable by such Noteholder hereunder or under any Note Document (whether of
principal, interest or any other amount), then, upon the request of such Noteholder, the Borrower will pay to such Noteholder within ten (10)&nbsp;days after Noteholder&#146;s request such additional amount or amounts as will compensate such
Noteholder (in whole) for such additional costs incurred or reductions suffered. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) <U>Status of Noteholders</U>. Any Noteholder that is
entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Note Document shall deliver to the Borrower, at the time or times reasonably requested by the Borrower, such properly completed and executed
documentation reasonably requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Noteholder, if reasonably requested by the Borrower, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower as will enable the Borrower to determine whether or not such Noteholder is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in <B><U>clause (h)(i)</U></B>, <B><U>clause (h)(ii)</U></B>, and <B><U>clause
(h)(iv)</U> </B>of this <B><U>Section</U>&nbsp;5.6 </B>as applicable) shall not be required if in the Noteholder&#146;s reasonable judgment such completion, execution or submission would subject such Noteholder to any material unreimbursed cost or
expense or would materially prejudice the legal or commercial position of such Noteholder. Without limiting the generality of the foregoing: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any Noteholder that is a U.S. Person shall deliver to the Borrower on or about the date on which such Noteholder becomes a Noteholder
under this Note (and from time to time thereafter upon the reasonable request of the Borrower), executed copies of IRS Form <FONT STYLE="white-space:nowrap">W-9</FONT> certifying that such Noteholder is exempt from U.S. federal backup withholding
tax; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any Foreign Noteholder shall, to the extent it is legally entitled to do so, deliver to the Borrower (in such number of copies
as shall be requested by the recipient) on or about the date on which such Foreign Noteholder becomes a Noteholder under this Note (and from time to time thereafter upon the reasonable request of the Borrower), whichever of the following is
applicable: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) in the case of a Foreign Noteholder claiming the benefits of an income Tax treaty to which the United States is a party
(x)&nbsp;with respect to payments of interest under any Note Document, executed copies of IRS Form <FONT STYLE="white-space:nowrap">W-8BEN</FONT> or IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT>
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the &#147;interest&#148; article of such tax treaty and (y)&nbsp;with respect to any other applicable payments under any Note Document, IRS Form <FONT
STYLE="white-space:nowrap">W-8BEN</FONT> or IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
&#147;business profits&#148; or &#147;other income&#148; article of such tax treaty; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) executed copies of IRS Form <FONT
STYLE="white-space:nowrap">W-8ECI;</FONT> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(C) in the case of a Foreign Noteholder claiming the benefits of the exemption for
portfolio interest under Section&nbsp;881(c) of the Code, (x)&nbsp;a certificate substantially in the form of <B><U>Exhibit <FONT STYLE="white-space:nowrap">B-1</FONT></U> </B>to the effect that such Foreign Noteholder is not a &#147;bank&#148;
within the meaning of Section&nbsp;881(c)(3)(A) of the Code, a &#147;10&nbsp;percent shareholder&#148; of the Borrower within the meaning of Section&nbsp;871(h)(3)(B) of the Code, or a &#147;controlled foreign corporation&#148; related to the
Borrower as described in Section&nbsp;881(c)(3)(C) of the Code (a &#147;<B><I>U.S. Tax Compliance Certificate</I></B>&#148;) and (y)&nbsp;executed copies of IRS Form <FONT STYLE="white-space:nowrap">W-8BEN</FONT> or IRS Form W <FONT
STYLE="white-space:nowrap">8BEN-E;</FONT> or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(D) to the extent a Foreign Noteholder is not the beneficial owner, executed copies of IRS
Form <FONT STYLE="white-space:nowrap">W-8IMY,</FONT> accompanied by IRS Form <FONT STYLE="white-space:nowrap">W-8ECI,</FONT> IRS Form <FONT STYLE="white-space:nowrap">W-</FONT> 8BEN, IRS Form W <FONT STYLE="white-space:nowrap">8BEN-E,</FONT> IRS
Form <FONT STYLE="white-space:nowrap">W-9,</FONT> and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Noteholder is a partnership and one or more direct or indirect partners of such Foreign
Noteholder are claiming the portfolio interest exemption, such Foreign Noteholder may provide a U.S. Tax Compliance Certificate substantially in the form of <B><U>Exhibit <FONT STYLE="white-space:nowrap">B-2</FONT></U> </B>on behalf of each such
direct and indirect partner; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) any Foreign Noteholder shall, to the extent it is legally entitled to do so, deliver to the Borrower
(in such number of copies as shall be requested by the recipient) on or about the date on which such Foreign Noteholder becomes a Noteholder under this Note (and from time to time thereafter upon the reasonable request of the Borrower), executed
copies of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Law to
permit the Borrower to determine the withholding or deduction required to be made; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) if a payment made to a Noteholder under any
Note Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Noteholder were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section&nbsp;1471(b) or Section&nbsp;1472(b)
of the Code, as applicable), such Noteholder shall deliver to the Borrower at the time or times prescribed by law and at such time or times reasonably requested by the Borrower such documentation prescribed by applicable Law (including as prescribed
by Section&nbsp;1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower as may be necessary for the Borrower to comply with their obligations under FATCA and to determine that such Noteholder has complied
with such Noteholder&#146;s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) The
Parties agree that this Note will be issued with original issue discount for U.S. federal income tax purposes. The Parties further agree that (a)&nbsp;the Loans shall be treated as indebtedness and (b)&nbsp;the Loans shall not be treated as a
contingent payment debt instrument within the meaning of <FONT STYLE="white-space:nowrap">Section&nbsp;1.1275-4</FONT> of the Treasury Regulations. None of the Parties will, except as required by applicable Law, file any tax return on a basis
inconsistent with, or take any position in any tax audit or other proceeding inconsistent with, such treatment or allocation described in this <B><U>Section&nbsp;5.6(i)</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) Each Party&#146;s obligations under this <B><U>Section&nbsp;5.6</U> </B>shall survive any assignment of rights by, or the replacement of,
the Noteholder, the termination of this Note and the repayment, satisfaction or discharge of all obligations under this Note or any other Note Document. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <B><U>CONDITIONS PRECEDENT AND CONDITION SUBSEQUENT</U></B>. The obligations of the
Initial Noteholder to purchase this Note and pay the respective purchase price therefor on the Closing Date are subject to the satisfaction of the following conditions: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.1 <U>Conditions Precedent</U>. On or prior to the Closing Date, the Noteholders, the Administrative Agent or the Collateral Agent, as the
case may be, shall have received the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Note Documents</U>. The Noteholders and the Agents shall have received a duly
executed copy of each applicable Note Document required to be delivered by the Obligors and the Personal Guarantor on the Closing Date, in each case, in form and substance satisfactory to the Majority Noteholders, together with any other documents
reasonably requested by the Majority Noteholders. In connection with the execution and delivery of the Security Instruments delivered by the Obligors on the Closing Date, the Majority Noteholders and the Collateral Agent shall (a)&nbsp;be reasonably
satisfied that the Security Instruments will, upon recording, create first priority, perfected Liens on the Collateral (except for Permitted Liens and Liens on the Post Closing Aircraft (as defined below)) and (b)&nbsp;have received certificates,
together with undated, blank stock powers for each such certificate, representing <FONT STYLE="white-space:nowrap">one-hundred</FONT> percent (100%) of the issued and outstanding Equity Interests of Jet Share, to the extent such Equity Interests are
certificated. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) <U>Textron Purchase Agreement</U>. The Textron Purchase Agreement and all other material agreements delivered in
connection therewith shall each be in form and substance satisfactory to the Majority Noteholders and shall each have been executed on or prior to the Closing Date and delivered to the Noteholders and be in full force and effect in accordance with
their respective terms. No provision thereof shall have been modified or waived in any respect determined by the Majority Noteholders to be material, in each case, without the consent of the Majority Noteholders. The Borrower shall have delivered to
the Administrative Agent (a)&nbsp;a copy of the bill of sale in respect of the Closing Date Aircraft conveying good and marketable title to the Borrower, (b)&nbsp;evidence of technical acceptance of such Aircraft by the Borrower and (c)&nbsp;a
certificate of airworthiness of such Aircraft. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) <U>Security Instruments</U>. The Noteholders and the Collateral Agent shall have
received a duly executed copy of the Pledge Agreement and the Aircraft Mortgage in respect of the Closing Date Aircraft, in each case, in form and substance satisfactory to the Majority Noteholders, together with any other documents reasonably
requested by the Majority Noteholders. The Collateral Agent shall be reasonably satisfied that any such Aircraft Mortgage will, upon recording with the FAA and in the International Registry, create a first priority, perfected Lien on such Aircraft.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) <U>Corporate Existence; Authority</U>. The Noteholders shall have received a certificate of the Obligors, dated the Closing Date and
executed by the Obligors, which certificate shall (a)&nbsp;certify that attached thereto is a true and complete copy of the resolutions or written consents of the managers, members or other governing body (including any committee thereof) of each
Obligor authorizing the execution, delivery and performance of the Note Documents to which it is a party, and that such resolutions or written consents have not been modified, rescinded or amended and are in full force and effect, (b)&nbsp;identify
by name and title and bear the signatures of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

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the authorized officer or authorized signatory of each Obligor authorized to sign the Note Documents to which it is a party, (c)&nbsp;certify that attached thereto is a true and complete copy of
(x) the certificate of organization or certificate of incorporation of each Obligor certified by the relevant authority of the jurisdiction of organization of such Obligor and (y)&nbsp;a true and correct copy of its bylaws, limited liability company
agreement, partnership agreement or other governing document of such Obligor and that such documents or agreements have not been further amended and (d)&nbsp;a certificate dated as of a recent date from the relevant authority of the jurisdiction of
organization of each Obligor, evidencing the good standing of such Obligor. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) <U>Senior Lender Consent</U>. The Noteholders shall have
received a consent and/or amendment satisfactory to the Majority Noteholders from the Senior Lender consenting to, among other things, the issuance of this Note and the transactions contemplated hereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) <U>Third Party Consents and Approvals</U>. The Noteholders shall have received satisfactory evidence that each Obligor has obtained all
required consents and approvals of all Persons to its execution, delivery and performance of the Note Documents to which it is a party and the consummation of the transactions contemplated hereby or thereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) <U>Due Diligence</U>. The Majority Noteholders shall have completed, to their satisfaction, all legal, tax, environmental, business and
other due diligence with respect to the business, assets, liabilities, operations and condition (financial or otherwise) (including review of any Material Agreements) of the Obligors in scope and determination satisfactory to the Majority
Noteholders and, other than changes occurring in the ordinary course of business, no information or materials are or should have been available to such Obligor as of the Closing Date that have not been disclosed to the Majority Noteholders and are
otherwise materially inconsistent with the material previously provided to the Majority Noteholders for their due diligence review of the Obligors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) <U>Textron Payoff and Lien Release</U>. The Collateral Agent and the Noteholders shall have received evidence reasonably satisfactory to
the Majority Noteholders evidencing that the Textron Debt evidenced by the Textron Note will be paid in full and terminated and the Liens securing the obligations thereunder will be released substantially contemporaneously with the effectiveness of
this Note and the incurrence of the Loans hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) <U>Lien Searches</U>. (a)&nbsp;The Collateral Agent and the Noteholders shall
have received (i)&nbsp;appropriate UCC, FAA and International Registry search results reflecting no prior Liens encumbering the Collateral (other than the Post Closing Aircraft), other than those being assigned or released on or prior to the Closing
Date, if any, or Liens permitted hereunder and (ii)&nbsp;evidence satisfactory to the Majority Noteholders (including mortgage releases and <FONT STYLE="white-space:nowrap">UCC-3</FONT> financing statement terminations, if so required) that all
Liens (other than Liens permitted hereunder) associated with the limited liability company membership interest of Jet Share or encumbering the Collateral have been released or terminated, subject only to the funding of the Loans on the Closing Date
hereunder and the filing of applicable terminations and releases and (b)&nbsp;the Borrower shall have, or shall have caused to be (i)&nbsp;filed the <FONT STYLE="white-space:nowrap">UCC-1</FONT> financing statement in the appropriate filing office,
(ii)&nbsp;filed the Aircraft Mortgage in respect of the Closing Date Aircraft with the FAA and (iii)&nbsp;registered the Lien created thereby on the International Registry. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) <U>Legal Opinion</U>. The Initial Noteholders, the Agents and their respective counsel
shall have received an original executed copy of the written legal opinion of (a)&nbsp;Wyrick Robbins Yates&nbsp;&amp; Ponton LLP, as counsel to the Obligors, as to due authorization of the Note and the other Note Documents by the Obligors, creation
and perfection of the Liens created by the Security Instruments (other than any Aircraft Mortgage), no registration as an &#147;investment company&#148;, margin regulations, customary corporate housekeeping matters, government approvals, no
conflicts and enforceability of this Note or the other Note Documents, dated as of the Closing Date and in form and substance satisfactory to the Majority Noteholders and (b)&nbsp;FAA counsel as to registration of the Closing Date Aircraft on the
FAA registry and creation and perfection of the Lien created by the Aircraft Mortgage in respect thereof, including by filing such Aircraft Mortgage with the FAA and on the International Registry, each such opinion shall be dated as of the Closing
Date and shall be in form and substance satisfactory to the Majority Noteholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(k) <U>No Default</U>. As of the Closing Date, no
default or Event of Default shall have occurred or be continuing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(l) <U>Fees</U>. The Borrower shall have paid (a)&nbsp;all upfront fees
in an amount equal to two percent (2.00%) of the initial Outstanding Principal Amount on the Closing Date and any other fees then due and payable to the Noteholders and (b)&nbsp;all fees then due and payable to the Agents pursuant to that certain
letter agreement between Agents and the Borrower dated as of the Closing Date (the &#147;<B><I>Agent Fee Letter</I></B>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.2
<U>Condition Subsequent</U>. No later than December&nbsp;31, 2023 (or such later date as is agreed by the Majority Noteholders in their sole discretion following any delivery delay by Textron, the &#147;<B><I>Post Closing Acquisition
Date</I></B>&#148;), Jet Share shall have acquired the Post Closing Aircraft in accordance with the Textron Purchase Agreement, and on or prior to the date of such acquisition, the following conditions shall have been satisfied: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Textron Purchase Agreement</U>. The Textron Purchase Agreement and all other material agreements delivered in connection therewith shall
continue to be in full force and effect in accordance with their respective terms. No provision thereof shall have been modified or waived in any respect determined by the Majority Noteholders to be material, in each case, without the consent of the
Majority Noteholders. The Borrower shall have delivered to the Administrative Agent (a)&nbsp;a copy of the bill of sale in respect of the Post Closing Aircraft conveying good and marketable title to the Borrower, (b)&nbsp;evidence of technical
acceptance of such Aircraft by the Borrower and (c)&nbsp;a certificate of airworthiness of such Aircraft. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) <U>Security Instruments</U>.
The Noteholders and the Collateral Agent shall have received a duly executed copy of the Aircraft Mortgage in respect of the Post Closing Aircraft, in form and substance satisfactory to the Majority Noteholders, together with any other documents
reasonably requested by the Majority Noteholders. The Collateral Agent shall be reasonably satisfied that any such Aircraft Mortgage will, upon recording with the FAA and in the International Registry, create a first priority, perfected Lien on such
Aircraft. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) <U>Lien Searches</U>. (a)&nbsp;The Collateral Agent and the Noteholders shall have
received (i)&nbsp;bring-down UCC, FAA and International Registry search results reflecting no prior Liens encumbering the Post Closing Aircraft, other than those being assigned or released on or prior to the Post Closing Acquisition Date, if any, or
Liens permitted hereunder and (ii)&nbsp;evidence satisfactory to the Majority Noteholders (including mortgage releases and <FONT STYLE="white-space:nowrap">UCC-3</FONT> financing statement terminations, if so required) that all Liens (other than
Permitted Liens) encumbering the Post Closing Aircraft have been released or terminated, subject only to the filing of applicable terminations and releases and (b)&nbsp;the Borrower shall have, or shall have caused to be (i)&nbsp;filed the <FONT
STYLE="white-space:nowrap">UCC-1</FONT> financing statement in the appropriate filing office, (ii)&nbsp;filed the Aircraft Mortgage in respect of the Post Closing Aircraft with the FAA and (iii)&nbsp;registered the Lien created thereby on the
International Registry. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) <U>Legal Opinion</U>. The Initial Noteholders, the Agents and their respective counsel shall have received an
original executed copy of (a)&nbsp;a bring down written legal opinion of Wyrick Robbins Yates&nbsp;&amp; Ponton LLP, as counsel to the Obligors, as to due authorization of the Aircraft Mortgage in respect of the Post Closing Aircraft by Jet Share,
creation and perfection of the Liens created by the Security Instruments (other than any Aircraft Mortgage), government approvals, no conflicts and enforceability of such Aircraft Mortgage, dated as of the Post Closing Acquisition Date and in form
and substance satisfactory to the Majority Noteholders and (b)&nbsp;the written legal opinion of FAA counsel as to registration of the Post Closing Aircraft on the FAA registry and creation and perfection of the Lien created by the Aircraft Mortgage
in respect thereof, including by filing such Aircraft Mortgage with the FAA and on the International Registry, each such opinion shall be dated as of the Post Closing Acquisition Date and shall be in form and substance satisfactory to the Majority
Noteholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <B><U>REPRESENTATIONS AND WARRANTIES OF THE OBLIGORS</U></B>. Each Obligor hereby represents and warrants to the
Noteholders on the date hereof and on the Post Closing Acquisition Date, as of the date hereof or such subsequent date, as applicable, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.1 <U>Existence; Power and Authority; Compliance with Laws</U>. Each Obligor (a)&nbsp;is a limited liability company, partnership or
corporation duly organized, validly existing, and in good standing (to the extent that such concept applies) under the laws of the state of its jurisdiction of organization, (b)&nbsp;has the requisite power and authority, and the legal right, to
own, lease, and operate its properties and assets and to conduct its business as it is now being conducted, except as would not be reasonably expected to, individually or in the aggregate, be material to the Borrower, and (c)&nbsp;has the requisite
power and authority to execute and deliver this Note and the other Note Documents, and to perform its obligations hereunder and thereunder. Except where such violation would not reasonably be expected to be materially adverse to any Obligor or any
of their respective Subsidiaries, taken as a whole, each such Obligor and Subsidiary is in compliance with all applicable Laws. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.2
<U>Authorization; Execution and Delivery</U>. The execution and delivery of this Note and the other Note Documents by the Obligors party thereto and the performance of their respective obligations hereunder and thereunder have been duly authorized
by all necessary organizational action in accordance with all applicable Laws. Each Obligor has duly executed and delivered this Note and the other Note Documents to which it is a party. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.3 <U>No Approvals</U>. No consent or authorization of, filing with, notice to, or other
act by, or in respect of, any Governmental Authority or any other Person is required in order for the Obligors to execute, deliver, or perform any of their obligations under this Note or the other Note Documents except (a)&nbsp;such as have been
obtained or made and are in full force and effect, (b)&nbsp;filings necessary to perfect Liens created under the Note Documents, (c)&nbsp;compliance with any applicable requirements of the Securities Exchange Act of 1934, as amended or the
Securities Act, (d) the appropriate filings and approvals under the rules of the NYSE and (d)&nbsp;other actions or filings the absence or omission of which would not, individually or in the aggregate be reasonably expected to materially and
adversely affect or to prevent or materially delay the Obligor&#146;s ability to consummate the transactions contemplated hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.4
<U>No Violations</U>. The execution and delivery of this Note and the other Note Documents and the consummation by the Obligors of the transactions contemplated hereby and thereby do not and will not (a)&nbsp;violate any Law applicable to such
Obligor or by which any of its properties or assets may be bound; (b)&nbsp;contravene the terms of the charter, bylaws, or other organizational documents of such Obligor; or (c)&nbsp;violate, conflict with or result in any breach, default or
contravention of, or the creation of any Lien under, any Material Agreement, in the cases of <B><U>clause (a)</U></B><B></B>&nbsp;and <B><U>clause (c)</U></B>, except as would not be reasonably expected to have, individually or in the aggregate, a
Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.5 <U>Enforceability</U>. Each of the Note and the other Note Documents is a valid, legal, and binding
obligation of each Obligor party thereto, enforceable against such Obligor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, or similar laws
of general applicability relating to or affecting the enforcement of creditors&#146; rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.6 <U>No Litigation</U>. Except as disclosed on <B><U>Schedule 7.6</U></B>, no action, suit, litigation, investigation, or proceeding of, or
before, any arbitrator or Governmental Authority is pending or, to the knowledge of any Obligor, threatened by or against such Obligor or any of their respective Subsidiaries or any of their respective property or assets (a)&nbsp;with respect to the
Note, the other Note Documents, or any of the transactions contemplated hereby or thereby or (b)&nbsp;that would reasonably be expected to, individually or in the aggregate, to materially adversely affect the Obligors and their Subsidiaries, taken
as a whole. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.7 <U>Anti-Money Laundering</U>. The operations of the Obligors and their Subsidiaries are and have been conducted at all
times in compliance in all material respects with applicable laundering statutes in all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by
any Governmental Authority (collectively, the &#147;<B><I>Money Laundering Laws</I></B>&#148;), and no action involving any Obligor or any Subsidiary with respect to the Money Laundering Laws is pending or, to the knowledge of such Obligor,
threatened. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.8 <U>Anti-Corruption Laws and Sanctions</U>. The Obligors and their Subsidiaries, and to the Obligors&#146; and their
Subsidiaries&#146; knowledge, their respective, directors, officers, employees and agents, are in compliance in all material respects with all applicable Anti-Corruption Laws and in compliance in all respects with applicable Sanctions. None of the
Obligors nor any Subsidiary, or to the knowledge of such Obligor, any director, officer, employee or agent of such Obligor and its Subsidiaries (in their capacity as such) is currently located, organized or resident to any Sanctioned Country. None
of the Obligors, any Subsidiary or to such Obligor&#146;s knowledge, any director, officer, employee or agent of such Obligor or Subsidiary, is a Sanctioned Person. No use of proceeds of the Loan or other transaction contemplated by this Note will
be used by any Obligor to violate any Anti-Corruption Law or applicable Sanctions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.9 <U>ERISA</U>. No ERISA Event has occurred in the five (5)&nbsp;year period prior to the
date hereof or is reasonably expected to occur that, when taken together with all other such ERISA Events for which material liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present
value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Accounting Standards No.&nbsp;87) did not, as of the date of the most recent financial statements reflecting such
amounts, exceed the fair market value of the assets of such Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards
No.&nbsp;87 or subsequent recodification thereof, as applicable) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans, in each case, in an
amount that would reasonably be expected to have a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.10 <U>Regulatory</U>. No Obligor is an &#147;investment
company&#148; within the meaning of the Investment Company Act of 1940. No Obligor is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and no part
of the proceeds of the Loan will be used to buy or carry any Margin Stock. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.11 <U>Taxes</U>. As of the date hereof, the Borrower is
classified as a &#147;partnership&#148; (and not a &#147;publicly traded partnership&#148; within the meaning of Code Section&nbsp;7704) for U.S. federal and applicable state income Tax purposes, and each of its Subsidiaries is classified as either
a &#147;partnership&#148; or an entity that is &#147;disregarded&#148; as separate from the Borrower for such purposes. Except as disclosed on <B><U>Schedule 7.11</U></B>, each Obligor and each Subsidiary has timely filed or caused to be filed all
material Tax returns required to have been filed by it, and each Obligor and each Subsidiary has paid or caused to be paid all material Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate
proceedings, and for which such Obligor or such Subsidiary, as applicable, has set aside on its books (which, as of the Closing Date, to the extent outstanding as of the date of the applicable Financial Statement, are reflected on such Financial
Statement) adequate reserves, or (b)&nbsp;to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect. No Tax liens (other than Liens described in <B><U>Section&nbsp;9.2(e)</U></B>) have been filed
and no claims are being asserted by any Governmental Authority with respect to any Taxes of any Obligor or Subsidiary that would reasonably be expected to result in a Material Adverse Effect. No Obligor nor any Subsidiary is a party to or otherwise
bound by any Tax sharing, indemnification, allocation or similar agreement (excluding any written, commercial agreement entered into in the ordinary course of business and not primarily relating to Taxes or Tax sharing or indemnification (but which
contains customary Tax indemnification provisions)). Notwithstanding anything to the contrary herein or in any other Note Document, all Parties to this Note covenant and agree that for all federal, state, local and franchise tax purposes the Note
constitutes a debt instrument which is not a contingent payment debt instrument within the meaning of Treasury Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;1.1275-4.</FONT> This Note is not intended to create, and shall never be
construed as creating, a partnership, association, trust, joint venture or other similar relationship between or among the Noteholders, the Agents, any Obligor or any Subsidiary. Each Party agrees not to take any position that is inconsistent with
the foregoing sentences on any Tax return or in any audit or other administrative or judicial proceeding, except as otherwise required pursuant to a &#147;determination&#148; under Section&nbsp;1313(a) of the Code. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.12 <U>Solvency</U>. Immediately after the consummation of the transactions to occur on the
Closing Date, with respect to the Obligors and their respective Subsidiaries, taken as a whole, (a) the fair value of their assets is greater than the amount of their liabilities (including disputed, contingent and unliquidated liabilities) as that
value is established and liabilities evaluated in accordance with GAAP; (b)&nbsp;the present fair saleable value of their assets are not less than the amount that will be required to pay the probable liability on their debts as they become absolute
and matured; (c)&nbsp;they do not intend to, and nor do they believe that they will, incur debts or liabilities beyond their ability to pay as those debts and liabilities mature; and (d)&nbsp;they are not engaged in or are about to engage in
business or a transaction for which their property would constitute unreasonably small capital. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.13 <U>Environmental Matters</U>. Except
as disclosed on <B><U>Schedule 7.13</U></B>, no Obligor nor any Subsidiary has received notice of any claim with respect to any Environmental Liability or knows of any basis for any Environmental Liability. Except with respect to any other matters
that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, and except as disclosed on <B><U>Schedule 7.13</U></B>, none of the Obligors nor any Subsidiary (A)&nbsp;has since failed to materially
comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (B)&nbsp;has become subject to any Environmental Liability, (C)&nbsp;has received notice of any claim
with respect to any Environmental Liability or (D)&nbsp;knows of any basis for any Environmental Liability. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.14 <U>Insurance</U>. Each
Obligor and each Subsidiary maintains, with financially sound and reputable insurance companies, insurance in such amounts, with such deductibles, and covering such risks as are adequate and customarily maintained by companies engaged in the same or
similar businesses operating in the same or similar locations. <B><U>Schedule 7.14</U> </B>sets forth a description of all material current property and liability insurance policies maintained by or on behalf of the Obligors as of the Closing Date.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.15 <U>Financial Statements</U>. The Financial Statements, copies of each of which have been delivered to the Noteholders, were prepared
in accordance with GAAP (subject, in the case of any such unaudited statements, to the absence of footnotes and to normal <FONT STYLE="white-space:nowrap">year-end</FONT> adjustments) and present fairly in all material respects the consolidated
financial condition the Obligors and their Subsidiaries as at the dates covered in the Financial Statements and the results of their operations for the periods then ended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.16 <U>Disclosure</U>. The Obligors have disclosed to the Noteholders all agreements, instruments and corporate or other restrictions to which
any Obligor or any Subsidiary is subject, and all other matters known to it, that, in each case, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements,
certificates or other information furnished by or on behalf of any Obligor or any Subsidiary to the Noteholders in connection with the negotiation of this Note or any other Note Document contains any material misstatement of fact or omits to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; <U>provided </U>that, with respect to projected financial information, each Obligor represents only that such
information was prepared in good faith based upon assumptions believed to be reasonable at the time delivered. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.17 <U>Employment Matters</U>. The hours worked by and payments made to employees of the
Obligors and their respective Subsidiaries and Affiliates have been in compliance with applicable Law in all material respects. There are no labor strikes, lockouts or material slowdowns against any such Obligor or any such Subsidiary or Affiliate
pending or, to such Obligor&#146;s knowledge, threatened. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.18 <U>Material Agreement</U>. None of the Obligors are in material default
under any Material Agreement. Set forth on <B><U>Schedule 7.18</U> </B>is a complete and correct list of all Material Agreements as of the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.19 <U>Debt; Affiliate Transactions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Set forth on <B><U>Schedule 7.19(a)</U> </B>is a complete and correct list of all written contracts or agreements relating to Debt of the
Obligors and their respective Subsidiaries outstanding as of the Closing Date (other than the Secured Obligations and the Senior Obligations), except any such written contract or agreement relating to Debt with an aggregate outstanding principal
amount not exceeding $250,000. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Set forth on <B><U>Schedule 7.19(b)</U> </B>is a complete and correct list of all Affiliate
Transactions (as defined below) as of the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.20 <U>Textron Purchase Agreement</U>. The Borrower hereby represents and
warrants to the Noteholders, as of the date hereof, the representations and warranties of Exclusive Jets, LLC set forth in Article 7 of the Textron Purchase Agreement are true and correct. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.21 <U>Title; Liens</U>. Each Obligor has good legal or beneficial title to its assets, including in the case of Jet Share, the Aircraft,
which is to be held by Jet Share in accordance with this Note and the transactions contemplated hereby (if applicable, upon it acquiring the same), and none of the Collateral is subject to any Lien, except for Liens permitted under
<B><U>Section&nbsp;9.2</U></B>. No Obligor has assigned, conveyed, pledged or otherwise transferred to any other Person any of its right, title or interest in the Collateral except in accordance with or as permitted by the Note Documents. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.22 <U>Security Interest</U>. On the Closing Date, the security interest in the Aircraft created pursuant to the Aircraft Mortgage on such
date will be validly created and, upon the taking of the perfection actions set forth in <B><U>Section&nbsp;6.1(c)</U> </B>no other action is required to be taken by any Person in order for the full benefit of the security interest in such Aircraft
created thereby to vest in the Collateral Agent on behalf of the Noteholders on a perfected first-priority basis, and such perfection actions will have been duly taken or provided for. The security interest in the other Collateral will have been
validly created and perfected in favor of the Collateral Agent on behalf of the Noteholders on the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.23 <U>EXCLUSIVITY OF
REPRESENTATIONS AND WARRANTIES</U>. EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN THIS <B><U>SECTION 7</U></B>, NONE OF THE OBLIGORS, ANY AFFILIATE OF THE SUCH PERSON, OR ANY OTHER PERSON MAKES, AND EACH OBLIGOR EXPRESSLY DISCLAIMS, ANY REPRESENTATIONS
OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS OR IMPLIED, IN CONNECTION WITH THIS NOTE AND THE NOTE DOCUMENTS. FOR THE AVOIDANCE OF DOUBT, THE REPRESENTATIONS AND WARRANTIES EXPRESSLY AND SPECIFICALLY SET FORTH IN THIS <B><U>SECTION 7</U> </B>OF THIS
NOTE ARE SOLELY MADE BY THE OBLIGORS. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8. <B><U>AFFIRMATIVE COVENANTS</U></B>. Until Payment in Full, each Obligor shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.1 <U>Financial Statements</U>. Furnish to the Noteholders, as soon as available, but in any event not later than forty five (45)&nbsp;days
after the end of each calendar quarter (commencing with the calendar quarter ending December&nbsp;31, 2023 and each quarter ending March&nbsp;31, June&nbsp;30, September 30 and December 31 thereafter), the unaudited consolidated balance sheet of
Borrower and its Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case
in comparative form the figures for the previous year, certified by an officer of Borrower as being fairly stated in all material respects (subject to normal <FONT STYLE="white-space:nowrap">year-end</FONT> audit adjustments). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.2 <U>Notices</U>. Promptly, and in any event within five (5)&nbsp;Business Days, give notice to the Noteholders of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) any event of default or material breach under, or any material modification of or amendment to, any Material Agreement; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) any litigation, investigation, or proceeding that may exist at any time between any Obligor or any of its Subsidiaries and any Governmental
Authority or other Person; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) any Prepayment Event; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) any event of loss or material damage event with respect to any Aircraft; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) any development or event that has had or would reasonably be expected to have a Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.3 <U>Maintenance of Existence and Property</U>. (a)&nbsp;Preserve, renew, and maintain in full force and effect each Obligor&#146;s and its
Subsidiaries&#146; respective corporate or organizational existence and (b)&nbsp;take all reasonable action to maintain all rights, privileges, and franchises necessary or desirable in the normal conduct of such Obligor&#146;s and its
Subsidiaries&#146; respective business, except, in each case, where the failure to do so would not reasonably be expected to have a Material Adverse Effect. Maintain and preserve all of such Obligor&#146;s and its Subsidiaries&#146; respective
property useful and necessary in their respective business in good working order and condition, ordinary wear and tear and casualty events excepted. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.4 <U>Compliance</U>. (a)&nbsp;Comply in all material respects with all Laws applicable to each Obligor and its Subsidiaries and their
respective business and its obligations under its Material Agreements and (b)&nbsp;maintain in effect and enforce policies and procedures designed to achieve compliance in all material respects by such Obligor and its Subsidiaries and their
respective directors, officers, employees and agents with all Anti-Corruption Laws and applicable Sanctions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.5 <U>Payment Obligations</U>. Pay, discharge, or otherwise satisfy at or before maturity
or before they become delinquent, as the case may be, all the Obligors&#146; and their respective Subsidiaries&#146; Tax and other material obligations of whatever nature, except where the amount or validity thereof is currently being contested
diligently and in good faith by appropriate proceedings, and reserves in conformity with GAAP with respect thereto have been provided, as of the Closing Date, to the extent outstanding as of the date of the applicable Financial Statement, on such
Financial Statement, and will be provided, following the Closing Date, on the financial statements delivered pursuant to <B><U>Section&nbsp;8.1</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.6 <U>Notices of Events of Default</U>. As soon as possible and in any event within one (1)&nbsp;Business Day after it becomes aware that an
Event of Default has occurred, notify the Noteholders in writing of the nature and extent of such Event of Default and the action, if any, it has taken or proposes to take with respect to such Event of Default. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.7 <U>Material Agreements</U>. (a)&nbsp;Perform and observe, and cause its Subsidiaries to perform and observe, all the terms and provisions
of each Material Agreement to be performed or observed by such Obligor and its Subsidiaries, (b)&nbsp;maintain each such Material Agreement in full force and effect and (c)&nbsp;enforce each such Material Agreement in accordance with its terms. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.8 <U>Maintenance of Insurance</U>. Maintain insurance with respect each Obligor and its Subsidiaries&#146; property and business on terms,
conditions and insured values reasonably acceptable to Majority Noteholders, with financially sound and reputable insurance companies, in such amounts and covering such risks as are usually insured against by similar companies engaged in the same or
a similar business. With respect to each Aircraft, such insurance will (a)&nbsp;be on an &#147;Agreed Value&#148; basis, (b)&nbsp;include a AVN67B endorsement, (b)&nbsp;name the Collateral Agent as contract party or loss payee under the hull
insurance, (c)&nbsp;name the Agents and the Noteholders as additional insureds under the liability insurance, (d)&nbsp;have hull coverage in an amount no less than 110% of the Outstanding Principal Amount in respect of the applicable Aircraft,
(e)&nbsp;provide coverage at least as comprehensive as LSW555D (or equivalent), (f) other than customary deductibles, no self-insurance shall be permitted and (h)&nbsp;to obtain a Broker&#146;s Letter of Undertaking addressed to the Agents. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.9 <U>Books and Records; Inspections</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Keep proper books of records and accounts in which full, true, and correct entries in conformity with GAAP and all requirements of Law
shall be made of all dealings and transactions and assets in relation to each Obligor&#146;s its Subsidiaries&#146; respective business and activities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Permit the Noteholders to visit any of the Obligor&#146;s and their respective Subsidiaries&#146; properties and examine and make abstracts
from any of their respective books and records at any reasonable time and as often as may reasonably be desired, and to discuss their respective business operations, properties, and financial and other condition with their respective officers and
employees and their respective independent public accountants, at any reasonable time and as often as may reasonably be desired. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.10 <U>Post Closing Matters</U>. The Obligors shall satisfy the requirements set forth in
<B><U>Section&nbsp;6.2</U> </B>on or before the respective date specified for each such requirement or such later date as is agreed by the Majority Noteholders in their sole discretion. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.11 <U>Further Assurances</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Upon the request of the Majority Noteholders, promptly execute and deliver such further instruments and do or cause to be done such further
acts as may be necessary or advisable to (i)&nbsp;carry out the intent and purposes of this Note and the other Note Documents; (ii)&nbsp;correct any material defect or error that may be discovered in any Note Document or in the execution,
acknowledgement, filing, or recordation thereof; and (iii)&nbsp;assure, convey, grant, assign, transfer, preserve, protect, and confirm more effectively to the Noteholders, the rights granted or now or hereafter intended to be granted to the
Noteholders under any Note Document. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Upon the request of the Majority Noteholders, promptly following any request therefor, furnish to
the Noteholders such other information regarding the operations, business affairs and financial condition of the Borrower or any of its Subsidiaries, or compliance with the terms of any Note Document, as the Majority Noteholders may reasonably
request. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) With respect to any property constituting Equity Interests in Jet Share acquired after the date hereof, as to which the
Collateral Agent, for the benefit of the Noteholders, does not have a perfected Lien, promptly and in any event within thirty (30)&nbsp;days of acquiring such property: (i)&nbsp;execute and deliver to the Collateral Agent and the Noteholders such
supplements or amendments to the Pledge Agreement or such other documents as the Majority Noteholders deem reasonably necessary or advisable to grant to the Collateral Agent for the benefit of the Noteholders a first-priority security interest in
such property (except for Permitted Liens) and (ii)&nbsp;take all actions reasonably necessary or advisable to grant to the Collateral Agent for the benefit of the Noteholders a first-priority security interest in such property. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.12 <U>Loan to Value Ratio</U>. On the date of any sale of an Aircraft or fractional ownership interests therein permitted under
<B><U>Section&nbsp;9.6(a)</U> </B>or <B><U>Section&nbsp;9.6(b)</U></B>, the Borrower shall deliver to the Administrative Agent a certificate calculating on a pro forma basis giving effect to such sale the ratio of (a)&nbsp;the Outstanding Principal
Amount after application of any mandatory prepayments required to be made pursuant to <B><U>Section&nbsp;9.6(a)</U> </B>or <B><U>Section&nbsp;9.6(b)</U> </B>to (b)&nbsp;to the sum of the then current Retail Value of the Aircraft owned in whole or
fractionally by Jet Share following such sale, multiplied in the case of fractional ownership in an Aircraft by the ownership percentage retained by Jet Share in such Aircraft. If such ratio exceeds eighty-five percent (85%), then the Borrower
shall, on such date, pay to the Administrative Agent the amount required such that the ratio is equal to or less than eighty-five percent (85%). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9. <B><U>NEGATIVE COVENANTS</U></B>. Until Payment in Full, the Obligors shall not, and shall not permit any Subsidiary to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.1 <U>Debt</U>. Incur, create, or assume any Debt, except: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Debt existing under this Note; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Debt constituting the Senior Obligations; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Debt existing as of the Closing Date to the extent set forth in <B><U>Schedule
7.19(a)</U></B>, and any refinancings, modifications, renewals, and extensions of any such Debt; <U>provided </U>that, as a result of such refinancing, modification, renewal or extension, (i)&nbsp;the principal amount of such Debt shall not be
increased from the principal amount outstanding at the time of such refinancing, modification, renewal, or extension, (ii)&nbsp;the maturity of such Debt shall not be shortened, and (iii)&nbsp;the terms relating to collateral (if any) and
subordination (if any) of any such refinancing, modification, renewing, or extension of Debt, and of any agreement entered into and of any instrument issued in connection therewith, are not less favorable in any material respect to such Obligor or
the Noteholders than the terms of any agreement or instrument governing the Debt being so refinanced, modified, renewed, or extended; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d)
unsecured intercompany Debt (i)&nbsp;owed by any Obligor to another Obligor other than the Borrower, (ii)&nbsp;owed by any Subsidiary to any other Subsidiary, and (iii)&nbsp;owed by any Subsidiary to an Obligor other than the Borrower (provided that
any such Debt described in <B><U>clause (i)</U></B><B></B>&nbsp;through <B><U>clause (iii)</U></B><B></B>&nbsp;above that is owed by Jet Share shall be subordinated to the Secured Obligations in a manner reasonably satisfactory to the Majority
Noteholders); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) third-party asset-level Debt incurred on an arm&#146;s length basis and on terms consistent with past practice used for
the acquisition of, or refinancing of, acquired aircraft other than the Aircraft; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) unsecured Debt, not to exceed an amount in
excess of $5,000,000 in the aggregate at any time outstanding. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.2 <U>Liens</U>. Incur, create, assume, or suffer to exist any Lien on any
of its property or assets, whether now owned or hereafter acquired, except for each of the following (collectively &#147;<B><I>Permitted Liens</I></B>&#148;): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Liens created pursuant to the Security Instruments or the other Note Documents; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Liens securing the Senior Obligations; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Liens in existence as of the Closing Date to the extent set forth in <B><U>Schedule 9.2</U></B>, and any renewals, modifications,
replacements, and extensions of such Liens; <U>provided</U> that (i) the aggregate principal amount of the Debt secured by such Liens does not increase from that amount outstanding at the time of any such renewal, modification, replacement, or
extension and (ii) any such renewal, modification, replacement, or extension does not encumber any additional assets or properties of any Obligor (other than assets or properties that become encumbered as a result of compliance with any
after-acquired collateral or guarantee obligations in effect under the agreements governing such Debt); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Liens on acquired aircraft
other than the Aircraft securing Debt permitted under <B><U>Section&nbsp;9.1(e)</U></B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Liens for Taxes not yet due or which are
being contested in good faith by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the Obligor or its applicable Subsidiary in conformity with GAAP; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) <FONT STYLE="white-space:nowrap">non-consensual</FONT> Liens arising by operation of
law, arising in the ordinary course of business, and for amounts which are not overdue for a period of more than thirty (30)&nbsp;days or that are being contested in good faith by appropriate proceedings diligently conducted; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) Liens arising solely by virtue of any statutory or common law provision relating to banker&#146;s liens rights or <FONT
STYLE="white-space:nowrap">set-off</FONT> or similar rights; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) carriers&#146;, warehouseman&#146;s, mechanics&#146;, materialmen&#146;s,
repairmen&#146;s and other like Liens imposed by law, arising in the ordinary course of business or which are being contested in good faith by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of any
Obligor in conformity with GAAP; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) easements, zoning restrictions,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way</FONT></FONT> and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any Debt and do not materially
detract from the value of the affected property or interfere with the ordinary conduct of business of any such Obligor or any such Subsidiary; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) judgment Liens to the extent not resulting in an Event of Default pursuant to <B><U>Section&nbsp;10.6</U></B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(k) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and
other obligations of a like nature, in each case in the ordinary course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(l) pledges and deposits made in the ordinary course
of business in compliance with workers&#146; compensation, unemployment insurance and other social security laws or regulations; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(m)
purported Liens evidenced by the filing of precautionary UCC financing statements or similar filings relating solely to operating leases or consignments of personal property entered into in the ordinary course of business; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(n) licenses of software and other intangible property licensed by licensors to any Obligor or any Subsidiary, including restrictions and
prohibitions on encumbrances and transferability with respect to such property and such Obligor&#146;s or such Subsidiary&#146;s interests therein imposed by such licenses, and Liens encumbering such licensors&#146; titles and interests in such
property and to which such Obligor&#146;s or Subsidiary&#146;s license interests may be subject or subordinate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.3 <U>Nature of Business;
Mergers</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Enter into any business, directly or indirectly, except for those businesses in which such Obligor is engaged on the date
of this Note or that are reasonably related thereto. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Merge into or consolidate with any other Person, or permit any other Person to
merge into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Event of Default shall have occurred and be continuing (i) any Subsidiary that is not an Obligor may
merge into any other Subsidiary that is not an Obligor and (ii)&nbsp;any Subsidiary that is not an Obligor may liquidate or dissolve if such Obligor determines in good faith that such liquidation or dissolution is in the best interests of such
Obligor and is not materially disadvantageous to the Noteholders. Notwithstanding the foregoing, the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Transactions shall not be restricted by this <B><U>Section&nbsp;9.3(b)</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Make or permit a change in any, or adopt any new or different, U.S. federal or
applicable income Tax classification of the Borrower or any of its Subsidiaries, whether by affirmative election, Tax filing or otherwise (other than an automatic change from a partnership to a disregarded entity or from a disregarded entity to a
partnership, by reason of a change in the number of owners of such Person). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.4 <U>Investments</U>. Make any advance, loan, extension of
credit (by way of guaranty or otherwise), or capital contribution to, or purchase, hold, or acquire any Equity Interests, bonds, notes, debentures, or other debt securities of, or any assets constituting a business unit of, or make any other
investment in, any Person (all of the foregoing, &#147;<B><I>Investments</I></B>&#148;), except the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Transactions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.5 <U>Restricted Payments</U>. Declare or pay any dividend on, or make any payment on account of, or set apart assets for a sinking or other
analogous fund for, the purchase, redemption, defeasance, retirement, or other acquisition of, any Equity Interests of any Obligor or any Subsidiary, whether now or hereafter outstanding, or make any other distribution in respect thereof, either
directly or indirectly, whether in cash or property or in obligations of such Obligor or such Subsidiary (collectively, &#147;<B><I>Restricted Payments</I></B>&#148;), except that (a)&nbsp;any Subsidiary of the Borrower may make a Restricted Payment
to the Borrower, (b)&nbsp;any Subsidiary may make Restricted Payments ratably to the holders of the Equity Interests of such Person, (c)&nbsp;the Borrower may declare and pay distributions and dividends with respect to its Equity Interests solely in
additional shares of its common Equity Interests and (d)&nbsp;the Borrower may declare and pay Permitted Tax Distributions with respect to its Equity Interests so long as no Event of Default shall have occurred and be continuing or would result from
the making of such Permitted Tax Distribution. Notwithstanding the foregoing, the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Transactions shall not be restricted by this <B><U>Section&nbsp;9.5</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.6 <U>Dispositions</U>. Dispose of any of its property, whether now owned or hereafter acquired, or issue or sell any Equity Interests to any
Person, except: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the sale by Jet Share of an Aircraft so long (i)&nbsp;as <FONT STYLE="white-space:nowrap">one-hundred</FONT> percent
(100%) of the proceeds received by or on behalf of Jet Share in respect of such sale is applied to the Loans in accordance with <B><U>Section&nbsp;5.2</U> </B>and (ii)&nbsp;the Collateral Agent, on behalf of the Noteholders, shall continue to have a
first priority, perfected Lien on the other Aircraft immediately after the closing of such sale; provided that any prepayment made pursuant to this <B><U>Section&nbsp;9.6(a)</U> </B>shall not be subject to the Make-Whole Fee (but, for the avoidance
of doubt such prepayment shall not affect the Back End Fee payable pursuant to <B><U>Section&nbsp;3.5</U></B>); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the sale by Jet Share
of fractional interests in one Aircraft pursuant to its fractional aircraft ownership program so long as (i)&nbsp;the Obligors make a prepayment of the Loans in the amount of $7,930,000 upon the closing of such sale, (ii)&nbsp;the Collateral Agent,
on behalf of the Noteholders, shall continue to have a first priority, perfected Lien on the other Aircraft immediately after the closing of such sale and (iii)&nbsp;no Default or Event of Default has occurred that is continuing; provided that any
prepayment made pursuant to this <B><U>Section&nbsp;9.6(b)</U> </B>shall not be subject to the Make-Whole Fee (but, for the avoidance of doubt such prepayment shall not affect the Back End Fee payable pursuant to <B><U>Section&nbsp;3.5</U></B>);
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) the sale by any of the Obligors of any aircraft or fractional interests therein other
than the Aircraft or fractional interests therein; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) the sale or disposition of idle, obsolete or
<FONT STYLE="white-space:nowrap">worn-out</FONT> property in the ordinary course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) the sale of inventory in the ordinary
course of business; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) sales or dispositions to the Borrower or any Subsidiary; <U>provided</U>, that any such sales or dispositions
involving a Subsidiary shall be made in compliance with <B><U>Section&nbsp;9.7</U></B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) the lapse or abandonment in the ordinary
course of business of any registrations or applications for registration of any intellectual property rights; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) <FONT
STYLE="white-space:nowrap">non-exclusive</FONT> licenses or sublicenses of intellectual property rights in the ordinary course of business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) other sales or dispositions (including casualty and condemnation events) in the ordinary course of business; <U>provided</U>, that, upon
the occurrence of any Prepayment Event, the Borrower shall comply with <B><U>Section&nbsp;3.3</U></B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) following the <FONT
STYLE="white-space:nowrap">De-SPAC</FONT> Closing, the sale of Equity Interests of the Personal Guarantor referred to in <B><U>clause (b)(i)</U> </B>of the definition of &#147;Change of Control&#148; or other dispositions consummated as part of the <FONT
STYLE="white-space:nowrap">De-SPAC</FONT> Transactions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">At the time of any sale of an Aircraft in accordance with <B><U>Section&nbsp;9.6(a)</U> </B>or the
sale of fractional interests in an Aircraft in accordance with <B><U>Section&nbsp;9.6(b)</U> </B>and, in each case, the delivery of the certificate pursuant to <B><U>Section&nbsp;8.12</U> </B>demonstrating compliance therewith, the Collateral Agent
and the Majority Noteholders agree to release the Liens on such Aircraft securing the Secured Obligations and to execute and deliver all necessary release instruments as necessary to reflect such release. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.7 <U>Transactions with Affiliates</U>. Enter into, cause, suffer or permit to exist any transaction, contract or other arrangement, including
any purchase, sale, lease, or exchange of property, the rendering of any service, or the payment of any management, advisory, or similar fees, with any Affiliate (each, an &#147;<B><I>Affiliate Transaction</I></B>&#148;), except
(a)&nbsp;transactions among the Borrower and any Affiliate (other than Jet Share), (b) transactions that are entered into in the ordinary course of business, on fair and reasonable terms no less favorable to such Obligor than those that would have
been obtained in a comparable transaction on an arm&#146;s length basis from a Person that is not an Affiliate, (c)&nbsp;sale and lease back transactions with Affiliates for aircraft other than the Aircraft in the ordinary course of business and
consistent with past practices; (d)&nbsp;to the extent permitted by applicable Law, customary loans to the holders of Equity Interests in the ordinary course of business not to exceed amounts reflected in the Borrower&#146;s financial statements and
the transactions set forth on <B><U>Schedule 9.7</U></B>. For the avoidance of doubt, no transfer of Collateral shall be permitted unless approved in writing by the Majority Noteholders. Notwithstanding the foregoing, the <FONT
STYLE="white-space:nowrap">De-SPAC</FONT> Transactions shall not be restricted by this <B><U>Section&nbsp;9.7</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.8 <U>Restrictive Agreements</U>. Enter into or permit to exist or become effective any
consensual encumbrance, restriction or prohibition on the ability of any Obligor to: (a)&nbsp;create, incur or permit to exist any Lien upon any of its property or assets to secure the Secured Obligations, (b)&nbsp;pay dividends or other
distributions with respect to any of its Equity Interests or to make or repay loans or advances to an Obligor or (c)&nbsp;transfer any of its assets to an Obligor, in each case, except for such restrictions or prohibitions (i)&nbsp;arising under the
Note Documents, (ii)&nbsp;arising under the Senior Loan Agreement or (iii)&nbsp;in effect on the Closing Date imposed by an agreement relating to Debt permitted by <B><U>Section&nbsp;9.1(c)</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.9 <U>Amendments of Material Documents</U>. Amend, supplement, or otherwise modify (pursuant to a waiver or otherwise): (a) its articles of
incorporation, certificate of designation, operating agreement, bylaws, or other organizational document, (b)&nbsp;the Textron Purchase Agreement, or (c)&nbsp;the terms and conditions of any Material Agreement, in each case, to the extent adverse to
the interests of the Noteholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.10 <U>Subordinated Debt</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Make, or offer to make, any optional or voluntary payment or prepayment on or redemption, defeasance, or purchase of any amounts (whether
principal or interest) payable under any Subordinated Debt. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Amend, modify, waive or otherwise change, or consent or agree to any
amendment, modification, waiver or other change to any of the terms of any Subordinated Debt. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.11 <U>Use of Proceeds</U>. Use the
proceeds of the Loan for any purpose other than (a)&nbsp;to fund deposits and other cash consideration to acquire the Closing Date Aircraft pursuant to the Textron Purchase Agreement and to be owned by Jet Share and operated by Exclusive Jets, LLC,
a Subsidiary of the Borrower, (b)&nbsp;to pay fees and other transactional expenses incurred under the Note Documents and (c)&nbsp;so long as the Closing Date Aircraft has been fully funded from the proceeds of the Loan, (i)&nbsp;to make payments in
respect of existing Debt and (ii)&nbsp;to close on commitments in respect of fractional interests in aircraft (other than the Aircraft). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10. <B><U>EVENTS OF DEFAULT</U></B>. The occurrence and continuance of any of the following shall constitute an Event of Default hereunder:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.1 <U>Failure to Pay</U>. The Borrower fails to pay (a)&nbsp;any principal amount of the Loan when due or (b)&nbsp;interest or any other
amount when due and such failure continues for three (3)&nbsp;Business Days. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.2 <U>Breach of Representations and Warranties</U>. Any
representation or warranty made by any Obligor or the Personal Guarantor to the Noteholders herein or in the other Note Documents is incorrect in any material respect on the date as of which such representation or warranty was made. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.3 <U>Breach of Covenants</U>. Any Obligor or the Personal Guarantor fails to observe or
perform (a)&nbsp;any covenant, condition, or agreement contained in <B><U>Section&nbsp;8</U> </B>or <B><U>Section&nbsp;9</U> </B>or (b)&nbsp;any other covenant, obligation, condition, or agreement contained in this Note or the other Note Documents,
other than those specified in <B><U>clause (a)</U></B><B></B>&nbsp;of <B><U>Section&nbsp;9.1</U></B>, and with respect to either <B><U>clause (a)</U></B><B></B>&nbsp;or <B><U>clause (b)</U></B><B></B>&nbsp;above, such failure continues for ten
(10)&nbsp;calendar days after the earlier to occur of written notice of such failure provided to the Borrower by the Administrative Agent (acting with the consent of or at the direction of the Majority Noteholders) or knowledge of such failure by an
authorized officer of the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.4 <U>Cross-Defaults</U>. Any (a) &#147;event of default&#148; or similar event occurs under any
agreement(s) evidencing or relating to Debt of any Obligor or any Subsidiary (other than the Debt hereunder), which Debt has an aggregate outstanding principal amount in excess of $2,500,000 (&#147;<B><I>Material Debt</I></B>&#148;) or
(b)&nbsp;event or condition occurs (i)&nbsp;that results in any such Material Debt becoming due prior to its scheduled maturity or (ii)&nbsp;that enables or permits (with or without the giving of notice, but subject to any applicable grace periods)
the holder or holders of such Material Debt or any trustee or agent on its or their behalf to cause such Material Debt to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity which
in any of these events remains an event of default for more than thirty (30)&nbsp;days and the applicable Obligor has not received a written waiver of such event of default or similar event on or prior to such date. Notwithstanding the foregoing,
the Senior Obligations shall constitute &#147;Material Debt&#148; hereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.5 <U>Bankruptcy</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Any Obligor commences any case, proceeding, or other action (i)&nbsp;under any existing or future Law relating to bankruptcy, insolvency,
reorganization, or other relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
<FONT STYLE="white-space:nowrap">winding-up,</FONT> liquidation, dissolution, composition, or other relief with respect to it or its debts or (ii)&nbsp;seeking appointment of a receiver, trustee, custodian, conservator, or other similar official for
it or for all or any substantial part of its assets, or any Obligor any of their respective Subsidiaries makes a general assignment for the benefit of its creditors; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) There is commenced against any Obligor any of their respective Subsidiaries any case, proceeding, or other action of a nature referred to
in <B><U>Section&nbsp;10.5(a)</U> </B>which (i) results in the entry of an order for relief or any such adjudication or appointment or (ii)&nbsp;remains undismissed, undischarged, or unbonded for a period of sixty (60)&nbsp;days; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) There is commenced against any Obligor or any of their respective Subsidiaries any case, proceeding, or other action seeking issuance of a
warrant of attachment, execution, or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which has not been vacated, discharged, or stayed or bonded pending appeal within sixty
(60)&nbsp;days from the entry thereof; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Any Obligor or any of their respective Subsidiaries takes any action in furtherance of, or
indicating its consent to, approval of, or acquiescence in, any of the acts set forth in <B><U>Section&nbsp;10.5(a)</U></B>, <B><U>Section&nbsp;10.5(b)</U></B>, or <B><U>Section&nbsp;10.5(c)</U> </B>above; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Any Obligor shall be unable to, or admits in writing its inability to, pay its debts as
they become due. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.6 <U>Judgments</U>. One or more judgments or decrees in an amount in excess of $250,000 and not covered by insurance
shall be entered against any Obligor and all of such judgments or decrees shall not have been vacated, discharged, or stayed or bonded pending appeal within thirty (30) days from the entry thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.7 <U>ERISA Event</U>. An ERISA Event shall have occurred that, in the opinion of the Majority Noteholders, upon the written advice of
qualified counsel, would reasonably be expected to result in a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.8 <U>Change of Control</U>. A Change of Control
shall occur without the consent of the Majority Noteholders (other than as a result of the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Transactions). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.9 <U>Note Documents</U>. If (a)&nbsp;any material provision of any Note Document ceases for any reason to be valid, binding, and in full
force and effect, other than as expressly permitted hereunder or thereunder; (b)&nbsp;any Obligor or the Personal Guarantor contests in any manner the validity or enforceability of any provision of any Note Document; or (c)&nbsp;any Obligor or the
Personal Guarantor denies that it has any or further liability or obligation under any provision of any Note Document or purports to revoke, terminate, or rescind any provision of any Note Document. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11. <B><U>REMEDIES</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.1 <U>Remedies</U>. Upon the occurrence of any Event of Default and at any time thereafter during the continuance of such Event of Default,
the Majority Noteholders may, at in their respective sole discretion, (a)&nbsp;by written notice to the Borrower declare the Outstanding Principal Amount of the Loan, together with all accrued interest thereon and all other Secured Obligations
payable under this Note, immediately due and payable; and/or (b)&nbsp;exercise any or all of its rights, powers or remedies under any Note Document or applicable Law; <U>provided</U>, however, that if an Event of Default described in
<B><U>Section&nbsp;10.5</U> </B>shall occur, the Outstanding Principal Amount of and accrued interest on the Loan shall become immediately due and payable without any notice, declaration, or other act on the part of any Noteholder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.2 <U>Application of Proceeds</U>. At any time after the occurrence and during the continuance of any Event of Default, all payments made
under this Note shall be applied <I>first </I>to the payment of costs and expenses related to the enforcement of this Note and to the payment of any fees, expenses, and reimbursements of the Administrative Agent and the Collateral Agent outstanding
hereunder or under the Note Documents, <I>second </I>to the payment of any fees, expenses and reimbursement of the Noteholders outstanding hereunder on a pro rata basis, <I>third </I>to accrued and unpaid interest under the Note on a pro rata basis,
and <I>fourth </I>to the payment of the Outstanding Principal Amount under the Note on a pro rata basis. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12. <B><U>THE ADMINISTRATIVE
AGENT</U></B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.1 <U>Appointment of the Administrative Agent</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each of the Noteholders appoints the Administrative Agent to act as its agent under and
in connection with the Note Documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Each of the Noteholders authorizes the Administrative Agent to perform the duties, obligations
and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Administrative Agent under, or in connection with, the Note Documents together with any other incidental rights, powers, authorities and
discretions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.2 <U>Instructions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) exercise or refrain from exercising any right, power, authority or discretion vested in it as Administrative Agent (including, without
limitation, make any designation, determination, judgment, specification or demand, approve an evidence or the form of a document, serve a notice, grant an approval or a consent or refrain from taking any such action), upon receipt of and in
accordance with any instructions given to it by (unless otherwise expressly provided for in the Note Documents): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) all Noteholders if
the relevant Note Document expressly stipulates the matter is an all Noteholder decision; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) in all other cases, the Majority
Noteholders; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) not be liable for any act (or omission) if it acts (or refrains from acting)&nbsp;(A) in accordance with
<B><U>clause (i)</U></B><B></B>&nbsp;above (or, if this Note stipulates the matter is a decision for any Noteholder or group of Noteholders, in accordance with instructions given to it by that Noteholder or group of Noteholders) and (B)&nbsp;in its
capacity as Administrative Agent under the Note Documents (other than by reason of the Administrative Agent&#146;s gross negligence or willful misconduct). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, without limiting any rights, protections, immunities or indemnities afforded to the Administrative Agent hereunder (including
without limitation this <B><U>Section&nbsp;12</U></B>), phrases such as &#147;satisfactory to the Administrative Agent,&#148; &#147;approved by the Administrative Agent,&#148; &#147;acceptable to the Administrative Agent,&#148; &#147;as determined
by the Administrative Agent,&#148; &#147;designed by the Administrative Agent&#148;, &#147;specified by the Administrative Agent&#148;, &#147;in the Administrative Agent&#146;s discretion,&#148; &#147;selected by the Administrative Agent,&#148;
&#147;elected by the Administrative Agent,&#148; &#147;requested by the Administrative Agent,&#148; &#147;in the opinion of the Administrative Agent,&#148; and phrases of similar import that authorize or permit the Administrative Agent to approve,
disapprove, determine, act, evaluate or decline to act in its discretion shall be subject to the Administrative Agent receiving a direction from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a
decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Any instructions given by the
Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders), shall be in writing and any instructions by the
Majority Noteholders on matters which do not require the consent or instructions of all the Noteholders as specified in this Note shall be binding on all the Noteholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The Administrative Agent shall be entitled to request instructions, or clarification of
any instruction, from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) as to whether, and in what
manner, it should exercise or refrain from exercising any right, power, authority or discretion and the Administrative Agent may refrain from acting unless and until it receives any such instructions or clarification that it has requested. The
Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, and shall be fully justified in failing or refusing to take any action under this Note or any other Note Document unless it shall
first (x)&nbsp;receive in writing direction from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders)
and (y)&nbsp;be indemnified and provided with adequate security to its sole satisfaction by such Noteholders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such directed action.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Save in the case of decisions stipulated to be a matter for any other Finance Party or group of Finance Parties under the relevant
Note Document and unless otherwise expressly provided for in a Note Document, any instructions given to the Administrative Agent by the Majority Noteholders shall override any conflicting instructions given by any other Party and will be binding on
all Finance Parties. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Without prejudice to <B><U>clause (a)(ii)</U> </B>above, <B><U>clause (a)(i)</U> </B>above shall not apply in
respect of any provision which protects the Administrative Agent&#146;s own position in its personal capacity as opposed to its role of Administrative Agent for the relevant Finance Parties. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Administrative Agent may refrain from acting in accordance with any instructions of any Finance Party or group of Finance Parties until
it has received any indemnification and/or security that it may in its discretion require (which may be greater in extent than that contained in the Note Documents and which may include payment in advance) for any cost, loss or liability which it
may reasonably incur in complying with those instructions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) Without prejudice to the remainder of this <B><U>Section&nbsp;12.2</U></B>,
in the absence of instructions, the Administrative Agent shall not be obliged to take any action (or refrain from taking action) even if it considers acting or not acting to be in the best interests of the Noteholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.3 <U>Duties of the Administrative Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent&#146;s duties under the Note Documents are solely mechanical and administrative in nature. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Subject to <B><U>clause (c)</U></B><B></B>&nbsp;below, the Administrative Agent shall promptly make available to the Parties the original
or a copy of any document or notice which is delivered to the Administrative Agent for that Party by any other Party. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Without prejudice to <B><U>Section&nbsp;14.9</U></B>, <B><U>clause
(b)</U></B><B></B>&nbsp;above shall not apply to any permitted assignment and assumption agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything set out
in a Note Document, the Administrative Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) If the Administrative Agent receives notice from a Party referring to any Note Document, describing a circumstance and stating that the
circumstance described is a Default, it shall promptly notify the other Finance Parties but shall not have any duty to verify whether the circumstance described has actually occurred or whether it constitutes a Default. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) If the Administrative Agent is aware of the <FONT STYLE="white-space:nowrap">non-payment</FONT> of any principal, interest or any fee
payable to a Finance Party under this Note, it shall promptly notify the other Finance Parties. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Administrative Agent shall have
only those duties, obligations and responsibilities expressly specified in the Note Documents to which it is expressed to be a party (and no others shall be implied). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.4 <U>No Fiduciary Duties</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Nothing in any Note Document constitutes the Administrative Agent as a trustee or fiduciary of any other Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Administrative Agent shall not be bound to account to the other Finance Parties for any sum or the profit element of any sum received
by it for its own account. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.5 <U>Application of Receipts</U>. Except as expressly stated to the contrary in any Note Document, any
moneys which the Administrative Agent receives or recovers in its capacity as Administrative Agent shall be applied by the Administrative Agent in accordance with <B><U>Section&nbsp;5.2</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.6 <U>Business with the Obligors</U>. Administrative Agent may accept deposits from, lend money to, and generally engage in any kind of
banking or other business with, any of the Obligors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.7 <U>Rights and Discretions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent may: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) rely on any representation, communication, notice or document believed by it to be genuine, correct and appropriately authorized; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) assume that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) any
instructions received by it from the Majority Noteholders any Finance Parties or any group of Finance Parties are duly given in accordance with the terms of the Note Documents; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) unless it has received written notice of revocation, that those instructions have not
been revoked; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) rely on a certificate from any Person: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) as to any matter of fact or circumstance which might reasonably be expected to be within the knowledge of that Person; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) to the effect that such Person approves of any particular dealing, transaction, step, action or thing, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">as sufficient evidence that that is the case and, in the case of <B><U>clause (iii)(A)</U> </B>above, may assume the truth and accuracy of that certificate.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Administrative Agent may assume (unless it has received written notice to the contrary in its capacity as agent for the Finance
Parties) that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) no Default has occurred (unless it has actual knowledge of an Event of Default arising under
<B><U>Section&nbsp;10.1</U></B>); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any right, power, authority or discretion vested in any Party or any group of Finance Parties has
not been exercised; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) any notice or request made by the Borrower is made on behalf of and with the consent and knowledge of all
the Obligors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The Administrative Agent may engage (at the Borrower&#146;s expense) the advice or services of any lawyers, accountants,
tax advisers, surveyors or other professional advisers or experts. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Without prejudice to the generality of <B><U>clause
(c)</U></B><B></B>&nbsp;above or <B><U>clause (e)</U></B><B></B>&nbsp;below, the Administrative Agent may at any time engage (at the Borrower&#146;s expense) the services of any lawyers to act as independent counsel to the Administrative Agent (and
so separate from any lawyers instructed by the Noteholders) if the Administrative Agent in its reasonable opinion deems this to be desirable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) The Administrative Agent may rely on the advice or services of any lawyers, accountants, tax advisers, surveyors or other professional
advisers or experts (whether obtained by the Administrative Agent or by any other Party) and shall not be liable for any damages, costs or losses to any person, any diminution in value or any liability whatsoever arising as a result of its so
relying. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Administrative Agent may act in relation to the Note Documents and the Collateral through its officers, employees,
delegate, receiver and agents and shall not: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) be liable for any error of judgment made by any such person; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) be bound to supervise, or be in any way responsible for any loss incurred by reason of
misconduct, omission or default on the part of any such person, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">unless such error or such loss was directly caused by the Administrative Agent&#146;s
gross negligence or willful misconduct as determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) Unless a Note Document expressly provides otherwise the Administrative Agent may disclose to any other Party any information it reasonably
believes it has received as agent under the Note Documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) Notwithstanding any provision of any Note Document to the contrary, the
Administrative Agent is not obliged to do or omit to do anything if it would or might, in its reasonable opinion, constitute a breach of any law or regulation or a breach of a fiduciary duty or duty of confidentiality. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) Notwithstanding any provision of any Note Document to the contrary, the Administrative Agent is not obliged to expend or risk its own funds
or otherwise incur any financial liability in the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate
indemnity against, or security for, such risk or liability is not reasonably assured to it. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.8 <U>Responsibility for Documentation</U>.
The Administrative Agent is not responsible or liable for: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the adequacy, accuracy or completeness of any information (whether oral or
written) supplied by the Administrative Agent, the Collateral Agent, an Obligor or any other Person in, or in connection with, any Note Document or the transactions contemplated in the Note Documents or any other agreement, arrangement or document
entered into, made or executed in anticipation of, under or in connection with any Note Document; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the legality, validity,
effectiveness, adequacy or enforceability of any Note Document or the Collateral or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with, any Note Document or the Collateral; or
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) any determination as to whether any information provided or to be provided to any Finance Party is
<FONT STYLE="white-space:nowrap">non-public</FONT> information the use of which may be regulated or prohibited by applicable Law or regulation relating to insider dealing or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.9 <U>No Duty to Monitor</U>. The Administrative Agent shall not be bound to enquire: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) whether or not any Default has occurred; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) as to the performance, default or any breach by any Obligor of its obligations under any Note Document; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) whether any other event specified in any Note Document has occurred. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.10 <U>Exclusion of Liability</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Without limiting <B><U>clause (b)</U></B><B></B>&nbsp;below or any other provision of any Note Document excluding or limiting the liability
of the Administrative Agent, the Administrative Agent will not be liable for: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any damages, costs or losses to any person, any
diminution in value, or any liability whatsoever arising as a result of taking or not taking any action under or in connection with any Note Document or the Collateral, unless directly caused by its gross negligence or willful misconduct as
determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)
exercising, or not exercising, any right, power, authority or discretion given to it by, or in connection with, any Note Document, the Collateral or any other agreement, arrangement or document entered into, made or executed in anticipation of,
under or in connection with, any Note Document or the Collateral other than by reason of its gross negligence or willful misconduct as determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent
jurisdiction; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) any shortfall which arises on the enforcement or realization of the Collateral so long as the Administrative Agent
has otherwise acted in accordance with the terms of the Note Documents and applicable Law; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) without prejudice to the generality of
<B><U>clause (i)</U></B><B></B>&nbsp;through and including <B><U>clause (iii)</U></B><B></B>&nbsp;above, any damages, costs or losses to any person, any diminution in value or any liability whatsoever (including, without limitation, for negligence
or any other category of liability whatsoever but not including any claim based on the actual fraud of the Administrative Agent) arising as a result of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) any act, event or circumstance not reasonably within its control; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) the general risks of investment in, or the holding of assets in, any jurisdiction, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">including (in each case and without limitation) such damages, costs, losses, diminution in value or liability arising as a result of nationalization,
expropriation or other governmental actions; any regulation, currency restriction, devaluation or fluctuation; market conditions affecting the execution or settlement of transactions or the value of assets; breakdown, failure or malfunction of any
third party transport, telecommunications, computer services or systems; natural disasters or acts of God; war, terrorism, insurrection or revolution; or strikes or industrial action. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) No Party other than the Administrative Agent may take any proceedings against any officer, employee, delegate, receiver or agent of the
Administrative Agent in respect of any claim it might have against the Administrative Agent or in respect of any act or omission of any kind by that officer, employee, delegate, receiver or agent in relation to any Note Document or any Collateral
and any officer, employee, delegate, receiver or agent of the Administrative Agent may rely on this <B><U>Section&nbsp;12.10</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The Administrative Agent will not be liable for any delay (or any related consequences)
in crediting an account with an amount required under the Note Documents to be paid by the Administrative Agent if the Administrative Agent has taken all necessary steps as soon as reasonably practicable to comply with the regulations or operating
procedures of any recognized clearing or settlement system used by the Administrative Agent for that purpose. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Nothing in this Note
shall oblige the Administrative Agent to carry out: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any &#147;know your customer&#148; or other checks in relation to any person; or
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any check on the extent to which any transaction contemplated by this Note might be unlawful for any Noteholder, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">on behalf of any Noteholder and each Noteholder confirms to the Administrative Agent that it is solely responsible for any such checks it is required to carry
out and that it may not rely on any statement in relation to such checks made by the Administrative Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Without prejudice to any
provision of any Note Document excluding or limiting the Administrative Agent&#146;s liability, any liability of the Administrative Agent arising under or in connection with any Note Document or the Collateral shall be limited to the amount of
actual loss which has been finally judicially determined to have been suffered (as determined by reference to the date of default of the Administrative Agent or, if later, the date on which the loss arises as a result of such default) but without
reference to any special conditions or circumstances known to the Administrative Agent at any time which increase the amount of that loss. In no event shall the Administrative Agent be liable for any loss of profits, goodwill, reputation, business
opportunity or anticipated saving, or for special, punitive, indirect or consequential damages, whether or not the Administrative Agent has been advised of the possibility of such loss or damages. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Administrative Agent shall not be under any obligation to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Note or any other Note Document, or to inspect the properties, books or records of any Obligor or any other Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Administrative Agent shall not be responsible in any manner for any recitals, statements, representations or warranties contained in
this Note or any other Note Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Note or any other Note Document or for the
creation, perfection or priority of any Lien or security interest created or purported to be created hereunder or under any other Note Document. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) The rights, privileges, protections, immunities and benefits given to the Administrative Agent, including, without limitation, its right to
be indemnified, are extended to, and shall be enforceable: (i)&nbsp;by the Administrative Agent in each Note Document and any other document related hereto or thereto to which it is a party and (ii)&nbsp;the entity serving as the Administrative
Agent in each of its capacities hereunder and in each of its capacities under any Note Document whether or not specifically set forth therein and each agent, custodian and other Person employed to act hereunder and under any Note Document or related
document, as the case may be. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.11 <U>Noteholders&#146; Indemnity to the Administrative Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each Noteholder shall (in proportion to its Pro Rata Share or, if the Pro Rata Share is zero, to its share of the Loan outstanding)
indemnify the Administrative Agent, within ten (10) calendar days of written demand, against any cost, loss or liability incurred by the Administrative Agent (other than by reason of the Administrative Agent&#146;s gross negligence or willful
misconduct as determined by a final non appealable judgment of a court of competent jurisdiction) in acting as Administrative Agent under the Note Documents (unless the Administrative Agent has been reimbursed by an Obligor pursuant to a Note
Document). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Borrower shall immediately on demand reimburse any Noteholder for any payment that Noteholder makes to the
Administrative Agent pursuant to <B><U>clause (a)</U></B><B></B>&nbsp;above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The covenants contained in this
<B><U>Section&nbsp;12.11</U> </B>shall survive Payment in Full of the Loan or any Noteholder&#146;s portion of the Loan and all other obligations under this Note and the other Note Documents and the earlier resignation or replacement of the
Administrative Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.12 <U>Resignation or Replacement of the Administrative Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent may resign and appoint one of its Affiliates as successor by giving five (5)&nbsp;Business Days&#146; prior
written notice to the other Finance Parties and the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Alternatively, the Administrative Agent may resign by giving thirty
(30)&nbsp;days&#146; prior written notice to the other Finance Parties and the Borrower, in which case the Majority Noteholders may appoint a successor Administrative Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) If the Majority Noteholders have not appointed a successor Administrative Agent in accordance with <B><U>clause
(b)</U></B><B></B>&nbsp;above within twenty (20)&nbsp;days after notice of resignation was given (or such earlier day as may be agreed by the Majority Noteholders), the retiring Administrative Agent may (but shall not be obliged to) appoint a
successor Administrative Agent or petition a court of competent jurisdiction to appoint a successor Administrative Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) The retiring
Administrative Agent shall, at the Borrower&#146;s cost, make available to the successor Administrative Agent such documents and records and provide such assistance as the successor Administrative Agent may reasonably request for the purposes of
performing its functions as Administrative Agent under the Note Documents. The Borrower shall indemnify the retiring Administrative Agent prior to it being required to undertake any actions referred to in this <B><U>clause
(d)</U></B><B></B>&nbsp;for the amount of all costs and expenses (including legal fees) to be properly incurred by it in making available such documents and records and providing such assistance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) The retiring Administrative Agent&#146;s resignation notice shall only take effect upon the appointment of a successor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) Upon the appointment of a successor, the retiring Administrative Agent shall be
discharged from any further obligation in respect of the Note Documents (other than its obligations under <B><U>clause (d)</U></B><B></B>&nbsp;above) but shall remain entitled to the benefit of this <B><U>Section&nbsp;12</U> </B>and any other
provisions of a Note Document which are expressed to limit or exclude its liability (or to indemnify it) in acting as Administrative Agent. Any fees for the account of the retiring Administrative Agent shall cease to accrue from (and shall be
payable on) the date on which a successor is appointed. Any successor and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been a Party as of the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Majority Noteholders may, by notice to the Administrative Agent, require the Administrative Agent to resign in accordance with
<B><U>clause (b)</U></B>&nbsp;above. In this event, the Administrative Agent shall resign in accordance with <B><U>clause (b)</U></B><B></B>&nbsp;above but the cost referred to in <B><U>clause (d)</U></B><B></B>&nbsp;above shall be for the account
of the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) The consent of the Borrower (or any Obligor) is not required for an assignment or transfer of rights and/or
obligations by the Administrative Agent in accordance with this Note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.13 <U>Confidentiality</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) In acting as Administrative Agent for Noteholders, the Administrative Agent shall be regarded as acting through its agency division which
shall be treated as a separate entity from any other of its divisions or departments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) If information is received by a division or
department of the Administrative Agent other than the division or department responsible for complying with the obligations assumed by it under the Note Documents, that information may be treated as confidential to that division or department, and
the Administrative Agent shall not be deemed to have notice of it nor shall it be obliged to disclose such information to any Party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c)
Without prejudice to <B><U>Section&nbsp;12.4</U></B>, the Administrative Agent is not obliged to disclose to any other Person (i)&nbsp;any confidential information or (ii)&nbsp;any other information if the disclosure would, or might in its
reasonable opinion, constitute a breach of any law or regulation or a breach of a fiduciary duty. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.14 <U>Relationship with the other
Finance Parties</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Administrative Agent may treat the Person shown in its records as &#147;Noteholder&#148; at the opening of
business (in the place of the Administrative Agent&#146;s principal office as notified to the Finance Parties from time to time) as a &#147;Noteholder&#148;: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) entitled to or liable for any payment due under any Note Document on that day; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) entitled to receive and act upon any notice, request, document or communication or make any decision or determination under any Note
Document made or delivered on that day, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">Unless it has received not less than five (5)&nbsp;Business Days&#146; prior written notice
from that Noteholder to the contrary in accordance with the terms of this Note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Each Noteholder shall supply the Administrative Agent
with any information that the Administrative Agent or the Collateral Agent may reasonably specify (through the Administrative Agent) as being necessary or desirable to enable the Administrative Agent or the Collateral Agent, as applicable, to
perform its functions as Administrative Agent or Collateral Agent, as applicable. Each Finance Party shall deal with the Collateral Agent exclusively through the Administrative Agent and shall not deal directly with the Collateral Agent and any
reference to any instructions being given by or sought from any Finance Party or group of Finance Parties to or by the Collateral Agent in this Note must be given or sought through the Administrative Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Any Noteholder may by notice to the Administrative Agent appoint a Person to receive on its behalf all notices, communications, information
and documents to be made or dispatched to that Noteholder under the Note Documents. Such notice shall contain the address and (where communication by electronic mail or other electronic means is permitted under this Note) electronic mail address
and/or any other information required to enable the transmission of information by that means (and, in each case, the department or officer, if any, for whose attention communication is to be made) and be treated as a notification of a substitute
address, electronic mail address (or such other information), department and officer by that Noteholder for the purposes of <B><U>Section&nbsp;14.1</U> </B>and the Administrative Agent shall be entitled to treat such Person as the Person entitled to
receive all such notices, communications, information and documents as though that Person were that Noteholder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.15 <U>Credit Appraisal
by the Noteholders</U>. Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Note Document, each Finance Party confirms to the Administrative Agent that it has been, and will
continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under, or in connection with, any Note Document including but not limited to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the financial condition, status and nature of each Obligor; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the legality, validity, effectiveness, adequacy or enforceability of any Note Document, the Collateral and any other agreement, arrangement
or document entered into, made or executed in anticipation of, under or in connection with any Note Document or the Collateral; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c)
whether that Finance Party has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under, or in connection with, any Note Document, the Collateral, the transactions contemplated by the Note
Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Note Document or the Collateral; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) the adequacy, accuracy or completeness of any information provided by the Administrative Agent or any Party or by any other Person under,
or in connection with, any Note Document, the transactions contemplated by any Note Document or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Note Document; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) the right or title of any Person in or to or the value or sufficiency of any part of the
Collateral, the priority of any of the Collateral or the existence of any security interest affecting the Collateral. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.16
<U>Administrative Agent&#146;s Management Time</U>. Any amount payable to the Administrative Agent under <B><U>Section&nbsp;12.11</U></B>, <B><U>Section&nbsp;12.23</U></B>, and <B><U>Section&nbsp;14.2</U> </B>shall include the cost of utilizing the
Administrative Agent&#146;s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Administrative Agent may notify to the Borrower and the other Finance Parties, and is in addition to
any fee paid or payable to the Administrative Agent under <B><U>Section&nbsp;14.2</U></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.17 <U>Deduction from Amounts Payable by the
Administrative Agent</U>. If any Party owes an amount to the Administrative Agent under the Note Documents, the Administrative Agent may, after giving notice to Party, deduct an amount not exceeding that amount from any payment to that Party which
the Administrative Agent would otherwise be obliged to make under the Note Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Note Documents that Party shall be regarded as having received
any amount so deducted. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.18 <U>Reliance and Engagement Letters</U>. Each Noteholder confirms that the Administrative Agent has authority
to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Administrative Agent) the terms of any reliance letter or engagement letters or any reports or letters provided by accountants,
auditors or providers of due diligence reports in connection with the Note Documents or the transactions contemplated in the Note Documents and to bind it in respect of those, reports or letters and to sign such letters on its behalf and further
confirms that it accepts the terms and qualifications set out in such letters. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.19 <U>Full Freedom to Enter into Transactions</U>.
Without prejudice to <B><U>Section&nbsp;12.6</U> </B>or any other provision of a Note Document and notwithstanding any rule of law or equity to the contrary, the Administrative Agent shall be absolutely entitled: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) to enter into and arrange banking, derivative, investment and/or other transactions of every kind with or affecting any Obligor or any
Person who is party to, or referred to in, a Note Document (including, but not limited to, any interest or currency swap or other transaction, whether related to this Note or not, and acting as syndicate agent and/or security agent for, and/or
participating in, other facilities to such Obligor or any Person who is party to, or referred to in, a Note Document); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) to deal in and
enter into and arrange transactions relating to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any securities issued or to be issued by any Obligor or any other Person; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any options or other derivatives in connection with such securities; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) to provide advice or other services to the Borrower or any Person who is a party to, or
referred to in, a Note Document, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and, in particular, the Administrative Agent shall be absolutely entitled, in proposing, evaluating, negotiating,
entering into and arranging all such transactions and in connection with all other matters covered by <B><U>clause (a)</U></B>, <B><U>clause (b)</U></B><B></B>&nbsp;and <B><U>clause (c)</U></B><B></B>&nbsp;above, to use (subject only to insider
dealing legislation) any information or opportunity, howsoever acquired by it, to pursue its own interests exclusively, to refrain from disclosing such dealings, transactions or other matters or any information acquired in connection with them and
to retain for its sole benefit all profits and benefits derived from the dealings transactions or other matters. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.20 <U>Majority
Noteholders&#146; Instructions</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding anything to the contrary contained in the Note Documents, the Parties acknowledge
that where any provision in a Note Document refers to the Administrative Agent being obliged to or entitled to take any specified action, exercise any discretion, make any determination, give any consent or waiver, or act in a certain way in
connection with the transactions contemplated by the Note Documents, it shall or may (as the case may be) take such specified action, exercise such discretion, make such determination, give any consent in accordance with the instructions or
directions of the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) and in doing so shall be deemed to
have acted reasonably. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Any instructions given by the Majority Noteholders or the Noteholders shall be in writing and any instructions
by the Majority Noteholders on matters which do not require the consent or instructions of all the Noteholders as specified in this Agreement shall be binding on all the Noteholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.21 <U>Determinations by Administrative Agent</U>. Where there is any reference in this Note or any other Note Document to the Administrative
Agent acting reasonably or properly, or doing an act or coming to a determination, opinion or belief that is reasonable or proper, or any similar or analogous reference, the Administrative Agent shall, where it has sought such instructions from the
Majority Noteholders, be deemed to be acting reasonable and properly or doing an act or coming to a determination, opinion or belief that is reasonable if the Administrative Agent acts on the instructions of the Majority Noteholders where there is
in this Note or any other Note Document a provision to the effect that the Administrative Agent is not to unreasonably withhold or delay it consent or approval. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.22 <U>Amounts Paid In Error</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) If the Administrative Agent pays an amount to any Noteholder and the Administrative Agent notifies such Noteholder that such payment was a
payment of an amount by the Administrative Agent to another Party which the Administrative Agent determines (in its sole discretion) was made in error (an &#147;<B><I>Erroneous Payment</I></B>&#148;), then the Noteholder to whom that amount was paid
by the Administrative Agent shall on demand refund the same to the Administrative Agent together with interest on that amount from the date of payment to the date </P>
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of receipt by the Administrative Agent calculated by the Administrative Agent at a rate determined in accordance with banking industry rules on interbank compensation from time to time in effect,
unless such Erroneous Payment was made as a result of gross negligence or willful misconduct, as determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction, of the Administrative Agent,
or such interest is waived by the Administrative Agent, in each case, interest will not be due from the relevant Party having received such Erroneous Payment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Neither: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the
obligations of any Party to the Administrative Agent; nor </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the remedies of the Administrative Agent, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(whether arising under this <B><U>Section&nbsp;12.22</U> </B>or otherwise) which relate to an Erroneous Payment will be affected by any act, omission, matter
or thing which, but for this <B><U>clause (b)</U></B>, would reduce, release or prejudice any such obligation or remedy (whether or not known by the Administrative Agent or any other Party). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) All payments to be made by a Party to the Administrative Agent (whether made pursuant to this <B><U>Section&nbsp;12.22</U> </B>or
otherwise) which relate to an Erroneous Payment shall be calculated and be made without (and free and clear of any deduction for) <FONT STYLE="white-space:nowrap">set-off</FONT> or counterclaim. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12.23 <U>Additional Indemnity</U>. In addition to the indemnification obligations set forth in <B><U>Section&nbsp;14.3</U> </B>each Obligor
shall, within ten (10)&nbsp;days of demand therefor, indemnify the Indemnified Parties against any cost, loss or liability incurred by the Administrative Agent as a result of (a)&nbsp;investigating any event which the Administrative Agent or the
Majority Noteholders reasonably believe is a Default; (b)&nbsp;acting or relying on any notice, request or instruction which the Administrative Agent or the Majority Noteholders reasonably believe to be genuine, correct and appropriately authorize;
(c)&nbsp;instructing lawyers, accountants, tax advisers, surveyors or other professional advisers or experts as permitted under the Note Documents or as may be reasonably require by the Administrative Agent or the Majority Noteholders; and
(d)&nbsp;any cost, loss or liability incurred by any Indemnified Party (otherwise than by reason of that Indemnified Party&#146;s gross negligence or willful misconduct as determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT>
judgment of a court of competent jurisdiction). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13. <B><U>THE COLLATERAL AGENT</U></B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.1 <U>Trust</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each
Finance Party (other than the Collateral Agent) hereby irrevocably appoints and authorizes Kroll Trustee Services Limited to act as its trustee in connection with the Collateral and to hold the Collateral in trust for the Noteholders on the terms
contained in this Note and deal with the Collateral in accordance with this <B><U>Section&nbsp;13</U> </B>and the other provisions of the Note Documents. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Collateral Agent accepts its appointment under <B><U>clause (a)</U></B><B></B>&nbsp;above as trustee of the Collateral with effect from
the date of this Note and declares that it holds the Collateral in trust for the Noteholders on the terms contained in this Note and shall deal with the Collateral in accordance with this <B><U>Section&nbsp;13</U> </B>and the other provisions of the
Note Documents </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Each other Finance Party authorizes the Collateral Agent to perform the duties,
obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Collateral Agent under, or in connection with, the Note Documents together with any other incidental rights, powers,
authorities and discretions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.2 <U>[Reserved]</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.3 <U>Enforcement through Collateral Agent only</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Finance Parties shall not have any independent power to enforce, or have recourse to, any of the Collateral or to exercise any right,
power, authority or discretion arising under the Security Instruments except through the Collateral Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.4 <U>Instructions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent shall: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) exercise or refrain from exercising any right, power, authority or discretion (including, without limitation, make any designation,
determination, judgment, specification or demand, approve an evidence or the form of a document, serve a notice, grant an approval or a consent or refrain from taking any such action), vested in it as Collateral Agent upon receipt of and in
accordance with any instructions given to it by (unless otherwise expressly provided for in the Note Documents): </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) all Noteholders (or
the Administrative Agent on their behalf) if the relevant Note Document expressly stipulates the matter is an all Noteholder decision; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) in all other cases, the Majority Noteholders (or the Administrative Agent on their behalf). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, without limiting any rights, protections, immunities or indemnities afforded to the Collateral Agent hereunder (including without
limitation this <B><U>Section&nbsp;13</U></B>), phrases such as &#147;satisfactory to the Collateral Agent,&#148; &#147;approved by the Collateral Agent,&#148; &#147;acceptable to the Collateral Agent,&#148; &#147;as determined by the Collateral
Agent,&#148; &#147;designed by the Collateral Agent&#148;, &#147;specified by the Collateral Agent&#148;, &#147;in the Collateral Agent&#146;s discretion,&#148; &#147;selected by the Collateral Agent,&#148; &#147;elected by the Collateral
Agent,&#148; &#147;requested by the Collateral Agent,&#148; &#147;in the opinion of the Collateral Agent,&#148; and phrases of similar import that authorize or permit the Collateral Agent to approve, disapprove, determine, act, evaluate or decline
to act in its discretion shall be subject to the Collateral Agent receiving a direction from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders,
from that Noteholder or group of Noteholders); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) not be liable for any act (or omission) if it acts (or refrains from
acting)&nbsp;(A) in accordance with <B><U>clause (a)(i)</U> </B>above (or if this Note stipulates the matter is a decision for any other Finance Party or group of Finance Parties, in accordance with instructions given to it by that Finance Party or
group of Finance Parties) or (B)&nbsp;in its capacity as Collateral Agent under the Note Documents. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Any instructions given by the Majority Noteholder (or, if the relevant Note Document
expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) shall be in writing and any instructions by the Majority Noteholders on matters which do not require the
consent or instructions of all Noteholders as specified in this Note shall be binding on all the Noteholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The Collateral Agent
shall be entitled to request instructions, or clarification of any instruction, from the Majority Noteholders (or the Administrative Agent on their behalf) (or, if the relevant Note Document stipulates the matter is a decision for any other Finance
Party or group of Finance Parties, from that Finance Party or group of Finance Parties) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion and the Collateral Agent may refrain
from acting unless and until it receives any such instructions or clarification that it has requested. The Collateral Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, and shall be fully justified
in failing or refusing to take any action under this Note or any other Note Document unless it shall first (x)&nbsp;receive in writing direction from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a
decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) and (y)&nbsp;be indemnified and provided with adequate security to its sole satisfaction by such Noteholders against any and all liability and
expense that may be incurred by it by reason of taking or continuing to take any such directed action. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Save in the case of decisions
stipulated to be a matter for any other Noteholder or other group of Noteholders under the relevant Note Document and unless a contrary indication appears in a Note Document, any instructions given to the Collateral Agent by the Majority Noteholders
or the Administrative Agent (acting on the instructions of the Majority Noteholders) shall override any conflicting instructions given by any other Parties and will be binding on all Noteholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Without prejudice to <B><U>clause (a)(ii)</U> </B>above, <B><U>clause (a)(i)</U> </B>above shall not apply in respect of any provision
which protects the Collateral Agent&#146;s own position in its personal capacity as opposed to its role of Collateral Agent for the relevant Finance Parties. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) In exercising any discretion to exercise a right, power or authority under the Note Documents where either: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) it has not received any instructions as to the exercise of that discretion; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the exercise of that discretion is subject to <B><U>Section&nbsp;13.4(a)(ii)</U> </B>above, the Collateral Agent shall do so having
regard to the interests of all the Finance Parties. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Collateral Agent may refrain from acting in accordance with any instructions
of any Finance Party or group of Finance Parties until it has received any indemnification and/or security that it may in its discretion require (which may be greater in extent than that contained in the Note Documents and which may include payment
in advance) for any cost, loss or liability which it may incur in complying with those instructions. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) Without prejudice to the remainder of this <B><U>Section&nbsp;13.4</U></B>, in the
absence of instructions, the Collateral Agent may (but shall not be obliged to) take such action in the exercise of its powers and duties under the Note Documents as it considers in its discretion to be appropriate. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.5 <U>Duties of the Collateral Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent&#146;s duties under the Note Documents are solely mechanical and administrative in nature. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Collateral Agent shall make available to a Party the original or a copy of any document which is delivered to the Collateral Agent for
that Party by any other Party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Except where a Note Document specifically provides otherwise, the Collateral Agent is not obliged to
review or check the adequacy, accuracy or completeness of any document it forwards to another Party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) If the Collateral Agent receives
notice from a Party referring to any Note Document, describing a circumstance and stating that the circumstance described is a Default, it shall promptly notify the other Finance Parties but shall not have any duty to verify whether the
circumstances described has actually occurred or whether it constitutes a Default. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) The Collateral Agent shall have only those duties,
obligations and responsibilities expressly specified in the Note Documents to which it is expressed to be a party (and no others shall be implied). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.6 <U>No Fiduciary Duties.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Nothing in any Note Document constitutes the Collateral Agent as an agent, trustee or fiduciary of any Obligor or any other person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Collateral Agent shall not be bound to account to any other Finance Party for any sum or the profit element of any sum received by it
for its own account. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.7 <U>Business with the Obligors</U>. The Collateral Agent may accept deposits from, lend money to, and generally
engage in any kind of banking or other business with, any Obligor. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.8 <U>Rights and Discretions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent may: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) rely on any representation, communication, notice or document believed by it to be genuine, correct and appropriately authorized; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) assume that: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) any instructions received by it from the Majority Noteholders, any Finance Parties or
any group of Finance Parties are duly given in accordance with the terms of the Note Documents; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) unless it has received written notice
of revocation, that those instructions have not been revoked; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(C) if it receives any instructions to act in relation to the
Collateral, that all applicable conditions under the Note Documents for so acting have been satisfied; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) rely on a certificate
from any person: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) as to any matter of fact or circumstance which might reasonably be expected to be within the knowledge of that
person; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) to the effect that such Person approves of any particular dealing, transaction, step, action or thing, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">as sufficient evidence that that is the case and, in the case of <B><U>clause (iii)(A)</U> </B>above, may assume the truth and accuracy of that certificate.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Collateral Agent shall be entitled to carry out all dealings with the other Finance Parties through the Administrative Agent and
may give to the Administrative Agent any notice or other communication required to be given by the Collateral Agent to any Finance Party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The Collateral Agent may assume (unless it has received written notice to the contrary in its capacity as security agent for the Finance
Parties) that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) no Default has occurred; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any right, power, authority or discretion vested in any Party or any group of Finance Parties has not been exercised; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) any notice or request made by the Borrower is made on behalf of and with the consent and knowledge of the Obligors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) The Collateral Agent may engage (at the Borrower&#146;s cost) for the advice or services of any lawyers, accountants, tax advisers,
surveyors or other professional advisers or experts. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Without prejudice to the generality <B><U>clause (c)</U></B><B></B>&nbsp;above or
<B><U>clause (f)</U></B><B></B>&nbsp;below, the Collateral Agent may at any time engage (at the Borrower&#146;s cost) for the services of any lawyers to act as independent counsel to the Collateral Agent (and so separate from any lawyers instructed
by the Administrative Agent or the Noteholders) if the Collateral Agent in its reasonable opinion deems this to be desirable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Collateral Agent may rely on the advice or services of any lawyers, accountants, tax
advisers, surveyors or other professional advisers or experts (whether obtained by the Collateral Agent or by any other Party) and shall not be liable for any damages, costs or losses to any person, any diminution in value or any liability
whatsoever arising as a result of its so relying. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Collateral Agent may act in relation to the Note Documents and the Collateral
through its officers, employees, delegate, receiver and agents and shall not: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) be liable for any error of judgment made by any such
person; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) be bound to supervise, or be in any way responsible for any loss incurred by reason of misconduct, omission or default on
the part of any such person, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">unless such error or such loss was directly caused by the Collateral Agent&#146;s gross negligence or willful misconduct as
determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) Unless a
Note Document expressly provides otherwise the Collateral Agent may disclose to any other Party any information it reasonably believes it has received as security agent under the Note Documents. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) Without prejudice to <B><U>Section&nbsp;13.6</U> </B>and notwithstanding any other provision of any Note Document to the contrary, the
Collateral Agent is not obliged to do or omit to do anything if it would or might, in its reasonable opinion, constitute a breach of any law or regulation or a breach of a fiduciary duty or duty of confidentiality. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) Notwithstanding any provision of any Note Document to the contrary, the Collateral Agent is not obliged to expend or risk its own funds or
otherwise incur any financial liability in the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate indemnity
against, or security for, such risk or liability is not reasonably assured to it. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.9 <U>Responsibility for Documentation</U>. The
Collateral Agent shall not be responsible or liable for: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the adequacy, accuracy or completeness of any information (whether oral or
written) supplied by the Administrative Agent, the Collateral Agent, an Obligor or any other Person in, or in connection with, any Note Document or the transactions contemplated in the Note Documents or any other agreement, arrangement or document
entered into, made or executed in anticipation of, under or in connection with any Note Document; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the legality, validity,
effectiveness, adequacy or enforceability of any Note Document or the Collateral or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with, any Note Document or the Collateral; or
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) any determination as to whether any information provided or to be provided to any
Finance Party is <FONT STYLE="white-space:nowrap">non-public</FONT> information the use of which may be regulated or prohibited by applicable Law or regulation relating to insider dealing or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.10 <U>No Duty to Monitor</U>. The Collateral Agent shall not be bound to inquire: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) whether or not any Event of Default has occurred; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) as to the performance, default or any breach by any Obligor of its obligations under any Note Document; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) whether any other event specified in any Note Document has occurred. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.11 <U>Exclusion of Liability</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Without limiting <B><U>clause (b)</U></B><B></B>&nbsp;below (and without prejudice to any other provision of any Note Document excluding or
limiting the liability of the Collateral Agent), the Collateral Agent will not be liable for: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any damages, costs or losses to any
person, any diminution in value, or any liability whatsoever arising as a result of taking or not taking any action under or in connection with any Note Document or the Collateral, unless directly caused by its gross negligence or willful misconduct
as determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)
exercising, or not exercising, any right, power, authority or discretion given to it by, or in connection with, any Note Document, the Collateral or any other agreement, arrangement or document entered into, made or executed in anticipation of,
under or in connection with, any Note Document or the Collateral other than by reason of its gross negligence of willful misconduct; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) any shortfall which arises on the enforcement or realization of the Collateral so long as the Collateral Agent has otherwise acted in
accordance with the terms of the Note Documents and applicable Law; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iv) without prejudice to the generality of <B><U>clause
(i)</U></B><B></B>&nbsp;through and including <B><U>clause (iii)</U></B><B></B>&nbsp;above, any damages, costs or losses to any person, any diminution in value or any liability whatsoever (including, without limitation, for negligence or any other
category of liability whatsoever but not including any claim based on the actual fraud of the Administrative Agent) arising as a result of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(A) any act, event or circumstance not reasonably within its control; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(B) the general risks of investment in, or the holding of assets in, any jurisdiction, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">including (in each case and without limitation) such damages, costs, losses, diminution in value or
liability arising as a result of nationalization, expropriation or other governmental actions; any regulation, currency restriction, devaluation or fluctuation; market conditions affecting the execution or settlement of transactions or the value of
assets; breakdown, failure or malfunction of any third party transport, telecommunications, computer services or systems; natural disasters or acts of God; war, terrorism, insurrection or revolution; or strikes or industrial action. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) No Party other than the Collateral Agent may take any proceedings against any officer, employee, receiver, delegate or agent of the
Collateral Agent in respect of any claim it might have against the Collateral Agent or in respect of any act or omission of any kind by that officer, employee, receiver, delegate or agent in relation to any Note Document or any Collateral and any
officer, employee, receiver, delegate or agent of the Collateral Agent may rely on this <B><U>Section&nbsp;13.11</U></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The
Collateral Agent will not be liable for any delay (or any related consequences) in crediting an account with an amount required under the Note Documents to be paid by the Collateral Agent if the Collateral Agent has taken all necessary steps as soon
as reasonably practicable to comply with the regulations or operating procedures of any recognized clearing or settlement system used by the Collateral Agent for that purpose. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Nothing in this Note shall oblige the Collateral Agent to carry out: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any &#147;know your customer&#148; or other checks in relation to any person; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any check on the extent to which any transaction contemplated by this Note might be unlawful for any Finance Party, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">on behalf of any Finance Party and each Finance Party confirms to the Collateral Agent that it is solely responsible for any such checks it is required to
carry out and that it may not rely on any statement in relation to such checks made by the Collateral Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Without prejudice to any
provision of any Note Document excluding or limiting the liability of the Collateral Agent, any liability of the Collateral Agent arising under or in connection with any Note Document or the Collateral shall be limited to the amount of actual loss
which has been finally judicially determined to have been suffered (as determined by reference to the date of default of the Collateral Agent or, if later, the date on which the loss arises as a result of such default) but without reference to any
special conditions or circumstances known to the Collateral Agent, at any time which increase the amount of that loss. In no event shall the Collateral Agent be liable for any loss of profits, goodwill, reputation, business opportunity or
anticipated saving, or for special, punitive, indirect or consequential damages, whether or not the Collateral Agent has been advised of the possibility of such loss or damages. In the event that the Collateral Agent initiates any direct claims
against any Noteholder or any Obligor as a result of this Note, the Collateral Agent agrees that such claims shall exclude any special, punitive, indirect or consequential damages, whether or not such Person has been advised of the possibility of
such loss or damages. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Collateral Agent shall not be under any obligation to ascertain or to inquire as to
the observance or performance of any of the agreements contained in, or conditions of, this Note or any other Note Document, or to inspect the properties, books or records of any Obligor or any other Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The Collateral Agent shall not be responsible in any manner for any recitals, statements, representations or warranties contained in this
Note or any other Note Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Collateral Agent under or in connection with, this Note or any other Note Document or for the creation,
perfection or priority of any Lien or security interest created or purported to be created hereunder or under any other Note Document. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h)
The rights, privileges, protections, immunities and benefits given to the Collateral Agent, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable: (i)&nbsp;by the Collateral Agent in each Note Document
and any other document related hereto or thereto to which it is a party and (ii)&nbsp;the entity serving as the Collateral Agent in each of its capacities hereunder and in each of its capacities under any Note Document whether or not specifically
set forth therein and each agent, custodian and other Person employed to act hereunder and under any Note Document or related document, as the case may be. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.12 <U>Noteholders&#146; Indemnity to the Collateral Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each Noteholder shall (in proportion to its Pro Rata Share or, if the Pro Rata Share is zero, to its share of the Loan outstanding)
indemnify the Collateral Agent, within ten (10)&nbsp;calendar days of written demand, against any cost, loss or liability incurred by any of them (otherwise than by reason of the Collateral Agent&#146;s gross negligence or willful misconduct as
determined by a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment of a court of competent jurisdiction) in acting as Collateral Agent under the Note Documents (unless the Collateral Agent has been reimbursed by any Obligor
pursuant to a Note Document). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Borrower shall within ten (10)&nbsp;days of demand therefor reimburse any Noteholder for any payment
that Noteholder makes to the Collateral Agent pursuant to <B><U>clause (a)</U></B><B></B>&nbsp;above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The covenants contained in this
<B><U>Section&nbsp;13.12</U> </B>shall survive Payment in Full of the Loan or any Noteholder&#146;s portion of the Loan and all other obligations under this Note and the other Note Documents and the earlier resignation or replacement of the
Collateral Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.13 <U>Resignation or Replacement of the Collateral Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent may resign and appoint one of its Affiliates as successor by giving five Business Days&#146; prior written notice to
the other Finance Parties and the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Alternatively, the Collateral Agent may resign by giving thirty (30)&nbsp;days&#146;
written notice to the other Finance Parties and the Borrower, in which case the Majority Noteholders may appoint a successor Collateral Agent. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) If the Majority Noteholders have not appointed a successor Collateral Agent in
accordance with <B><U>clause (b)</U></B><B></B>&nbsp;above within twenty (20)&nbsp;days after notice of resignation was given, the retiring Collateral Agent may appoint a successor Collateral Agent or petition a court of competent jurisdiction to
appoint a successor Collateral Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) The retiring Collateral Agent shall, at the Borrower&#146;s cost, make available to the
successor Collateral Agent such documents and records and provide such assistance as the successor Collateral Agent may reasonably request for the purposes of performing its functions as Collateral Agent under the Note Documents. The Borrower shall
indemnify the retiring Collateral Agent prior to it being required to undertake any actions referred to in this <B><U>clause (d)</U></B><B></B>&nbsp;for the amount of all costs and expenses (including legal fees) to be properly incurred by it in
making available such documents and records and providing such assistance. The Collateral Agent&#146;s resignation notice shall only take effect upon: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the appointment of a successor; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) the transfer, by way of a document expressed as a deed, of all the Collateral to that successor. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) Upon the appointment of a successor, the retiring Collateral Agent shall be discharged, by way of a document executed as a deed, from any
further obligation in respect of the Note Documents (other than its obligations under <B><U>Section 13.5(b)</U> </B>and <B><U>clause (d)</U></B><B></B>&nbsp;above) but shall remain entitled to the benefit of this <B><U>Section&nbsp;13</U> </B>and
any other provisions of a Note Document which are expressed to limit or exclude its liability (or to indemnify it) in acting as Collateral Agent. Any fees for the account of the retiring Collateral Agent shall cease to accrue from (and shall be
payable on) the date on which a successor is appointed. Any successor and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been a Party as of the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) The Majority Noteholders may, by notice to the Collateral Agent, require the Collateral Agent to resign in accordance with <B><U>clause
(b)</U></B><B></B>&nbsp;above. In this event, the Collateral Agent shall resign in accordance with <B><U>clause (b)</U></B><B></B>&nbsp;above but the cost referred to in <B><U>clause (d)</U></B><B></B>&nbsp;above shall be for the account of the
Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) The consent of the Borrower or Jet Share is not required for an assignment or transfer of rights and/or obligations by the
Collateral Agent in accordance with this Note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.14 <U>Confidentiality</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) In acting as Collateral Agent for the Finance Parties, the Collateral Agent shall be regarded as acting through its trustee division which
shall be treated as a separate entity from any other of its divisions or departments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) If information is received by a division or
department of the Collateral Agent other than the division or department responsible for complying with the obligations assumed by it under the Note Documents, that information may be treated as confidential to that division or department, and the
Collateral Agent shall not be deemed to have notice of it nor shall it be obliged to disclose such information to any Party. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Without prejudice to <B><U>Section 13.6</U> </B>and notwithstanding any other provision
of any Note Document to the contrary, the Collateral Agent is not obliged to disclose to any other Person (i)&nbsp;any confidential information or (ii)&nbsp;any other information if the disclosure would, or might in its reasonable opinion,
constitute a breach of any law or regulation or a breach of a fiduciary duty. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.15 <U>Credit Appraisal by the Noteholders</U>. Without
affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Note Document, each Noteholder confirms to the Collateral Agent that it has been, and will continue to be, solely responsible for
making its own independent appraisal and investigation of all risks arising under, or in connection with, any Note Document including but not limited to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the financial condition, status and nature of each Obligor; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the legality, validity, effectiveness, adequacy or enforceability of any Note Document, the Collateral and any other agreement, arrangement
or document entered into, made or executed in anticipation of, under or in connection with any Note Document or the Collateral; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c)
whether that Noteholder has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under, or in connection with, any Note Document, the Collateral, the transactions contemplated by the Note Documents
or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Note Document or the Collateral; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) the adequacy, accuracy or completeness of any information provided by the Collateral Agent, any Party or by any other Person under, or in
connection with, any Note Document, the transactions contemplated by any Note Document or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Note Document; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) the right or title of any Person in or to or the value or sufficiency of any part of the Collateral, the priority of any of the Collateral
or the existence of any security interest affecting the Collateral. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.16 <U>Collateral Agent&#146;s Management Time</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Any amount payable to the Collateral Agent under <B><U>Section&nbsp;13.12</U></B>, <B><U>Section 13.37</U> </B>and
<B><U>Section&nbsp;14.3</U> </B>shall include the cost of utilizing the Collateral Agent&#146;s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Collateral Agent may notify to the
Borrower and the other Finance Parties and is in addition to any fee paid or payable to the Collateral Agent under <B><U>Section&nbsp;14.2</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Without prejudice to <B><U>clause (a)</U></B><B></B>&nbsp;above, in the event of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) an Event of Default; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii)
the Collateral Agent being requested by any Obligor or the Majority Noteholders to undertake duties which the Collateral Agent determines to be of an exceptional nature or outside the scope of the normal duties of the Collateral Agent under the Note
Documents; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) the Collateral Agent and the Borrower agreeing that it is otherwise appropriate in the circumstances, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">the Borrower shall pay to the Collateral Agent any additional remuneration that may be agreed between them
or determined pursuant to <B><U>clause&nbsp;(c)</U></B><B></B>&nbsp;below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) If the Collateral Agent and the Borrower fail to agree upon
the nature of the duties, or upon the additional remuneration referred to in <B><U>clause (b)</U></B><B></B>&nbsp;above or whether additional remuneration is appropriate in the circumstances, any dispute shall be determined by an investment bank
(acting as an expert and not as an arbitrator) selected by the Collateral Agent and approved by the Borrower. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.17 <U>Reliance and
Engagement Letters</U>. Each Finance Party confirms that the Collateral Agent has authority to accept on its behalf (and ratifies the acceptance on its behalf of any letters or reports already accepted by the Collateral Agent) the terms of any
reliance letter or engagement letters or any reports or letters provided by accountants, auditors or providers of due diligence reports in connection with the Note Documents or the transactions contemplated in the Note Documents and to bind it in
respect of those, reports or letters and to sign such letters on its behalf and further confirms that it accepts the terms and qualifications set out in such letters. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.18 <U>No Responsibility to Perfect Collateral</U>. Other than as directed by the applicable percentage of Noteholders in accordance with the
Security Instruments and the other Note Documents, the Collateral Agent shall not be liable for any failure to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) require the deposit
with it of any deed or document certifying, representing or constituting the title of any Obligor to any of the Collateral; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) obtain any
license, consent or other authority for the execution, delivery, legality, validity, enforceability or admissibility in evidence of any Note Document or the Collateral; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) register, file or record or otherwise protect any of the Collateral (or the priority of any of the Collateral) under any law or regulation
or to give notice to any person of the execution of any Note Document or of the Collateral; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) take, or to require any Obligor to take,
any step to perfect its title to any of the Collateral or to render the Collateral effective or to secure the creation of any ancillary Collateral under any law or regulation; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) require any further assurance in relation to any Note Document. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.19 <U>Insurance by Collateral Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent shall not be obliged </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) to insure any of the Collateral; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) to require any other Person to maintain any insurance (unless expressly instructed by the Majority Noteholders), </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and the Collateral Agent shall not be liable for any damages, costs or losses to any Person as a result of the lack of, or inadequacy of, any such insurance.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Where the Collateral Agent is named on any insurance policy as an insured party, it shall not be liable for any damages, costs or
losses to any Person as a result of its failure to notify the insurers of any material fact relating to the risk assumed by such insurers or any other information of any kind. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.20 <U>Custodians and Nominees</U>. The Collateral Agent may appoint and pay any Person to act as a custodian or nominee on any terms in
relation to any asset of the trust as the Collateral Agent may determine, including for the purpose of depositing with a custodian this Note or any document relating to the trust created under this Note and the Collateral Agent shall not be
responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reasons of the misconduct, omission or default on the part of any Person appointed by it under this Note or be bound to supervise the proceedings or acts of
any Person. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.21 <U>Delegation by the Collateral Agent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent may, at any time, delegate by power of attorney or otherwise to any Person for any period, all or any right, power,
authority or discretion vested in it in its capacity as such. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) That delegation may be made upon any terms and conditions (including the
power to sub delegate) and subject to any restrictions that the Collateral Agent may, in its discretion, think fit in the interests of the Finance Parties. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) No Collateral Agent shall be bound to supervise, or be in any way responsible for any damages, costs or losses incurred by reason of any
misconduct, omission or default on the part of any such delegate or sub delegate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">13.22 <U>Additional Collateral Agents</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) The Collateral Agent may at any time appoint (and subsequently remove) any Person to act as a separate trustee or as a <FONT
STYLE="white-space:nowrap">co-trustee</FONT> jointly with it: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) if it considers that appointment to be in the interests of the Finance
Parties; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) for the purposes of conforming to any legal requirement, restriction or condition which the Collateral Agent deems to be
relevant; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(iii) for obtaining or enforcing any judgment in any jurisdiction, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and the Collateral Agent shall give prior notice to the Borrower and the Finance Parties of that appointment. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Any Person so appointed shall have the rights, powers, authorities and discretions (not
exceeding those given to the Collateral Agent under or in connection with the Note Documents) and the duties, obligations and responsibilities that are given or imposed by the instrument of appointment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) The remuneration that the Collateral Agent may pay to that person, and any costs and expenses incurred by that Person in performing its
functions pursuant to that appointment shall, for the purposes of this Note, be treated as costs and expenses incurred by the Collateral Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.23 <U>Acceptance of Title</U>. The Collateral Agent shall be entitled to accept without inquiry, and shall not be obliged to investigate,
any right and title that any Obligor may have to any of the Collateral and shall not be liable for or bound to require any Obligor to remedy any defect in its right or title. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.24 <U>Releases</U>. Upon a disposal of any of the Collateral pursuant to the enforcement of the Collateral by the Collateral Agent, the
Collateral Agent is irrevocably authorized (at the cost of the Borrower and without any consent, sanction, authority or further confirmation from any other Finance Party) to release, without recourse or warranty, that property from the Collateral
and to execute any release of the Collateral that may be required or desirable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.25 <U>Winding up of Trust</U>. If the Collateral Agent
(acting on the instructions of the Majority Noteholders) determines that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) all of the obligations of the Obligors under the Note and
secured by the Security Instruments have been fully and finally discharged; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) no Finance Party is under any commitment, obligation
or liability (actual or contingent) to make advances or provide other financial accommodation to any Obligor pursuant to the Note Documents, then </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) the trusts set out in this Note shall be wound up and the Collateral Agent shall release, without recourse or warranty, all of the
Collateral and the rights of the Collateral Agent under each of the Security Instruments; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any Collateral Agent which has
resigned pursuant to <B><U>Section&nbsp;13.13</U></B> shall release, without recourse or warranty, all of its rights under each Security Instrument. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.26 <U>Powers Supplemental</U>. The rights, powers, authorities and discretions given to
the Collateral Agent under or in connection with the Note Documents shall be supplemental to any which may be vested in the Collateral Agent by law or regulation or otherwise. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.27 <U>[Reserved]</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.28
<U>Application of Receipts</U>. All amounts from time to time received or recovered by the Collateral Agent pursuant to the terms of any Note Document or in connection with the realization or enforcement of all or any part of the Collateral (for the
purposes of this <B><U>Section 13</U></B>, the &#147;<B><I>Recoveries</I></B>&#148;) shall be held by the Collateral Agent on trust to apply them at any time as the Collateral Agent (acting at the instructions of the Majority Noteholders in their
discretion) sees fit, acting reasonably, to the extent permitted by applicable Law (and subject to the remaining provisions of this <B><U>Section&nbsp;13</U></B>), in accordance with <B><U>Section&nbsp;5.2</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.29 <U>Permitted Deductions</U>. The Collateral Agent may, in its discretion: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes or
otherwise) which it is or may be required by any applicable Law to make from any distribution or payment made by it under this Note; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) pay all Taxes which may be assessed against it in respect of any of the Collateral, or as a consequence of performing its duties, or by
virtue of its capacity as Collateral Agent under any of the Note Documents or otherwise (other than in connection with its remuneration for performing its duties under this Note). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.30 <U>Prospective Liabilities</U>. Following enforcement of any of the Collateral, the Collateral Agent may, in its discretion, or at the
request of the Administrative Agent, hold any Recoveries in a suspense or impersonal account(s) in the name of the Collateral Agent with such financial institution (including itself) for later payment to the Administrative Agent for payment of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) any sum to the Collateral Agent; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) any part of the obligations of the Obligors under the Note, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">that the Collateral Agent or, in the case of <B><U>clause (b)</U></B><B></B>&nbsp;only, the Administrative Agent, reasonably considers, in each case, might
become due or owing at any time in the future. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.31 <U>Investment of Proceeds</U>. Prior to the payment of the proceeds of the Recoveries
to the Administrative Agent for application in accordance with <B><U>Section&nbsp;5.2</U> </B>the Collateral Agent may hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Collateral Agent
with such financial institution (including itself) pending the payment from time to time of those moneys, provided, however, that any interest accrued thereon shall belong to the Noteholders. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.32 <U>[Reserved]</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.33 <U>Good Discharge</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)
Any payment to be made in respect of the obligations owed by the Obligors under the Note by the Collateral Agent may be made to the Administrative Agent on behalf of the Finance Parties. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The Collateral Agent is under no obligation to make the payments to the Administrative Agent under <B><U>clause
(a)</U></B><B></B>&nbsp;above in the same currency as that in which the obligations and liabilities owing to the relevant Finance Party are denominated. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.34 <U>Amounts Received by Borrower</U>. If the Borrower receives or recovers any amount which, under the terms of any of the Note Documents,
should have been paid to the Collateral Agent, that Borrower will hold the amount received or recovered on trust for the Collateral Agent and promptly pay that amount to the Collateral Agent for application in accordance with the terms of this Note.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.35 <U>Full Freedom to Enter into Transactions</U>. Without prejudice to <B><U>Section&nbsp;13.7</U> </B>or any other provision of a
Note Document and notwithstanding any rule of law or equity to the contrary, the Collateral Agent shall be absolutely entitled: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) to
enter into and arrange banking, derivative, investment and/or other transactions of every kind with or affecting any Obligor or any Person who is party to, or referred to in, a Note Document (including, but not limited to, any interest or currency
swap or other transaction, whether related to this Note or not, and acting as syndicate agent and/or security agent for, and/or participating in, other facilities to such Obligor or any Person who is party to, or referred to in, a Note Document);
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) to deal in and enter into and arrange transactions relating to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(i) any securities issued or to be issued by any Obligor or any other Person; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) any options or other derivatives in connection with such securities; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) to provide advice or other services to the Borrower or any Person who is a party to, or referred to in, a Note Document, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and, in particular, the Collateral Agent shall be absolutely entitled, in proposing, evaluating, negotiating, entering into and arranging all such transactions
and in connection with all other matters covered by <B><U>clause (a)</U></B>, <B><U>clause (b)</U></B><B></B>&nbsp;and <B><U>clause (c)</U></B><B></B>&nbsp;above, to use (subject only to insider dealing legislation) any information or opportunity,
howsoever acquired by it, to pursue its own interests exclusively, to refrain from disclosing such dealings, transactions or other matters or any information acquired in connection with them and to retain for its sole benefit all profits and
benefits derived from the dealings transactions or other matters. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.36 <U>Majority Noteholders&#146; Instructions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Notwithstanding anything to the contrary contained in the Note Documents, the Parties acknowledge that where any provision in Note Document
refers to the Collateral Agent being obliged to or entitled to take any specified action, exercise any discretion, make any determination, give any consent or waiver, or act in a certain way in connection with the transactions contemplated by the
Note Documents, it shall or may (as the case may be) take such specified action, exercise such discretion, make such determination, give any consent in accordance with the instructions or directions of the Majority Noteholders (or, if the relevant
Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) and in doing so shall be deemed to have acted reasonably. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The instructions or directions of the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision
of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) shall be provided in accordance with, and are subject to, the provisions of <B><U>Section&nbsp;13.4</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding the provisions of <B><U>Section&nbsp;13.4</U></B>, the Collateral Agent may refrain from acting in accordance with the
instructions of the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that Noteholder or group of Noteholders) until it has received such
security as it may require for any cost, loss or liability which it may incur in complying with the instructions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding the
provisions of <B><U>Section&nbsp;13.4</U></B>, in the absence of instructions from the Majority Noteholders (or, if the relevant Note Document expressly stipulates the matter is a decision of any other Noteholder or group of Noteholders, from that
Noteholder or group of Noteholders), the Collateral Agent shall not be obliged to take any action. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13.37 <U>Indemnity to the Collateral
Agent</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each Obligor shall, within ten (10)&nbsp;days of demand therefor, indemnify each Indemnified Party against any cost, loss
or liability incurred by any of them in relation to or as a result of: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(A) any failure by the Borrower to comply with its obligations
under <B><U>Section&nbsp;14.2</U></B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(B) acting or relying on any notice, request or instruction which it reasonably believes to be
genuine, correct and appropriately authorized; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(C) the taking, holding, protection or enforcement of the Note Documents and the
Collateral; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(D) the exercise of any of the rights, powers, discretions, authorities and remedies vested
in that Indemnified Party by the Note Documents or by Law; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(E) any default by any Obligor in the performance of any of the obligations
expressed to be assumed by it in the Note Documents; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(F) any action by any Obligor which vitiates, reduces the value of, or is otherwise
prejudicial to, the Collateral; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:18%; font-size:10pt; font-family:Times New Roman">(G) instructing lawyers, accountants, tax advisers, surveyors or other professional advisers or
experts as permitted under the Note Documents; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">(ii) acting as Administrative Agent or Collateral Agent under the Note Documents or which
otherwise relates to any of the Collateral or the performance of the terms of this Note or the other Note Documents (otherwise, in each case, than by reason of the relevant Indemnified Party&#146;s gross negligence or willful misconduct as
determined by a final <FONT STYLE="white-space:nowrap">non-</FONT> appealable judgment of a court of competent jurisdiction). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) The
Collateral Agent may, in priority to any payment to the Finance Parties, indemnify itself out of the Collateral in respect of, and pay and retain, all sums necessary to give effect to the indemnity in this <B><U>Section</U><U>&nbsp;13.37</U> </B>and
shall have a lien on the Collateral and the proceeds of the enforcement of the Collateral for all monies payable to it. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.
<B><U>MISCELLANEOUS</U>.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.1 <U>Notices</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) All notices, requests, or other communications required or permitted to be delivered hereunder shall be delivered in writing, in each case
to the address specified below or to such other address as such Person may from time to time specify in writing in compliance with this provision: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If to the Borrower or Jet Share: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">LGM Enterprises, LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">E-mail:</FONT> [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If to the Agent or any Noteholder, to the address specified on such Noteholder&#146;s signature page hereto or to the instrument by which such Noteholder
becomes party to this Note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Notices if (i)&nbsp;sent by hand or overnight courier service shall be deemed to have been given when
received; (ii)&nbsp;sent by facsimile during the recipient&#146;s normal business hours shall be deemed to have been given when sent (and if sent after normal business hours shall be deemed to have been given at the opening of the recipient&#146;s
business on the next Business Day); and (iii)&nbsp;sent by email shall be deemed received upon the sender&#146;s receipt of an acknowledgment from the intended recipient (such as by the &#147;return receipt requested&#148; function, as available,
return email, or other written acknowledgment). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.2 <U>Fees and Expenses</U>. In addition to the fees payable to the Agents pursuant to the
Agent Fee Letter, the Obligors shall reimburse each Agent and each Noteholder within three (3)&nbsp;Business Days of written demand therefor, for all reasonable documented
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> costs, expenses and fees (including documented expenses and fees of its outside counsel) incurred by such Agent or such Noteholder relating to the Note
Documents, including in connection with the enforcement of the Agent&#146;s or such Noteholder&#146;s rights under this Note and the other Note Documents. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.3 <U>Indemnification by the Obligors</U>. In consideration of the execution and delivery of this Note and the other Note Documents by the
Agents and the Noteholders and the agreement to extend the Loans provided hereunder, and without duplication of the Borrower&#146;s payment obligations pursuant to <B><U>Section</U><U>&nbsp;14.2</U></B>, the Obligors hereby agree, jointly and
severally, to indemnify, exonerate and hold each Agent, each Noteholder and each of the officers, directors, managers, partners, employees, Affiliates and agents of each Agent and each Noteholder (each a &#147;<B><I>Indemnified Party</I></B>&#148;)
free and harmless from and against any and all (A)&nbsp;actions, causes of action and suits, and (B)&nbsp;reasonable and documented losses, liabilities, damages and expenses, including documented expenses and reasonable fees of its outside counsel
(collectively, the &#147;<B><I>Indemnified Liabilities</I></B>&#148;), incurred by Indemnified Parties or any of them as a result of, or arising out of, or relating to (a)&nbsp;any purchase of assets financed or proposed to be financed in whole or
in part, directly or indirectly, with the proceeds of the Loans, (b)&nbsp;the use, handling, release, emission, discharge, transportation, storage, treatment or disposal of any Hazardous Materials at any property owned or leased by any Obligor,
(c)&nbsp;any violation of any Environmental Laws with respect to conditions at any property owned or leased by any Obligor or the operations conducted thereon, (d)&nbsp;the investigation, cleanup or remediation of offsite locations at which any
Obligor or their respective predecessors are alleged to have directly or indirectly disposed of Hazardous Materials or (e)&nbsp;the execution, delivery, performance or enforcement of this Note or any other Note Document by any Indemnified Party,
except to the extent any such Indemnified Liabilities result from (i)&nbsp;the applicable Indemnified Party&#146;s (or that of its officers, directors, managers, partners, employees, Affiliates or agents) own gross negligence or willful misconduct,
as determined in a final <FONT STYLE="white-space:nowrap">non-appealable</FONT> judgment by a court of competent jurisdiction or (ii)&nbsp;in the case of any Indemnified Party other than any Agent, a dispute among Indemnified Parties. For purposes
of clarity, the Parties hereby confirm and agree that the foregoing indemnity does not apply to losses, liabilities, damages and expenses to the extent relating to equity <FONT STYLE="white-space:nowrap">co-investments</FONT> made by any Indemnified
Party or its Affiliates in any Obligor or its Affiliates. If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Borrower hereby agrees to make the maximum contribution to the payment and satisfaction of each of
the Indemnified Liabilities which is permissible under applicable Law. For the avoidance of doubt, this <B><U>Section</U><U>&nbsp;14.3</U> </B>shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc.
arising from any <FONT STYLE="white-space:nowrap">non-Tax</FONT> claim. All obligations provided for in this <B><U>Section</U></B><B></B><B><U>&nbsp;14.3</U> </B>shall survive repayment of the Loans, any foreclosure under, or any modification,
release or discharge of, any or all of the Security Instruments and termination of this Note and the resignation or removal of either the Administrative Agent or the Collateral Agent pursuant to this Note. Payments under this <B><U>Section</U><U>
14.3</U> </B>shall be made by the Borrower to the applicable Noteholder or applicable Agent, as the case may be, for the benefit of its related Indemnified Party. It is agreed and understood that no Indemnified Party shall be liable to any other
party for consequential, punitive, special, indirect or exemplary losses or damages alleged in connection with the Note Documents of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Indemnified Party
has been advised of the likelihood of such loss or damage and regardless of the form of action. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.4 <U>Governing Law</U>. This Note, the other Note Documents, and any claim, controversy,
dispute, or cause of action (whether in contract or tort or otherwise) based upon, arising out of, or relating to this Note, the other Note Documents, and the transactions contemplated hereby and thereby shall be governed by the laws of the State of
New York, without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or of any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.5 <U>Submission to Jurisdiction</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) Each party hereto hereby irrevocably and unconditionally (i)&nbsp;agrees that any legal action, suit, or proceeding arising out of or
relating to this Note or the other Note Documents may be brought in any of the state or federal courts located in the Borough of Manhattan in New York City, New York, or if no such court shall have jurisdiction, any federal court of the United
States or other state court in each case located in the State of New York, and (ii)&nbsp;submits to the jurisdiction of any such court in any such action, suit, or proceeding. Final judgment against any such Person in any action, suit, or proceeding
shall be conclusive and may be enforced in any other jurisdiction by suit on the judgment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) Nothing in this
<B><U>Section</U></B><B></B><B><U>&nbsp;14.5</U> </B>shall affect the right of any party hereto to (i) commence legal proceedings or otherwise sue any other party hereto in any other court having jurisdiction over such Person or (ii)&nbsp;serve
process upon any such Person in any manner authorized by the laws of any such jurisdiction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.6 <U>Venue</U>. Each party hereto
irrevocably and unconditionally waives, to the fullest extent permitted by applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Note or the other Note
Documents in any court referred to in <B><U>Section</U></B><B></B><B><U>&nbsp;14.5</U> </B>and the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.7 <U>Waiver of Jury Trial</U>. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS NOTE, THE OTHER NOTE DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY. EACH PARTY HERETO
(A)&nbsp;CERTIFIES THAT NO AGENT, ATTORNEY, REPRESENTATIVE OR ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF LITIGATION, AND (B)&nbsp;ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS NOTE AND THE OTHER NOTE DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <B><U>SECTION</U><U> 14.7</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.8 <U>Integration</U>. This Note and the other Note Documents constitute the entire
contract between the parties hereto with respect to the subject matter hereof and supersede all previous agreements and understandings, oral or written, with respect thereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.9 <U>Successors and Assigns</U>. Any Noteholder&#146;s rights under this Note may be assigned or transferred by such Noteholder to any
Person. The Borrower may not assign or transfer this Note or any of its rights hereunder without the prior written consent of the Majority Noteholders. This Note shall inure to the benefit of, and be binding upon, the parties hereto and their
successors and permitted assigns. The Borrower shall maintain at one of its offices within the continental United States, a register, in a manner that complies with the &#147;registered form&#148; requirements of U.S. Treasury Regulations <FONT
STYLE="white-space:nowrap">Section&nbsp;5f.103-1(c),</FONT> on which it will record the name and address of each Noteholder and each assignee of any rights hereunder, and the percentage or portion of the rights assigned to such assignee and
principal amounts (and stated interest) of this Note owing to, each Noteholder and each assignee. The entries in this register shall be conclusive and binding for all purposes, absent manifest error. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.10 <U>Waiver of Notice</U>. Each Obligor hereby waives demand for payment, presentment for payment, protest, notice of payment, notice of
dishonor, notice of nonpayment, notice of acceleration of maturity, and diligence in taking any action to collect sums owing hereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.11 <U>PATRIOT Act</U>. Each Noteholder and each Agent hereby notifies each Obligor that pursuant to the requirements of the PATRIOT Act and
31 C.F.R. &#167; 1010.230, it may be required to obtain, verify, and record information that identifies such Obligor, which information includes the name and address of such Obligor and other information that will allow such Noteholder and such
Agent to identify such Obligor in accordance with applicable Law, and such Obligor agrees to provide such information from time to time to each Noteholder and each Agent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.12 <U>Amendments and Waivers</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) <U>Majority Noteholder Consent</U>. No amendment, modification, termination or waiver of any provision of this Note or the other Note
Documents, and no consent to any departure by the Obligors or any Subsidiary of any Obligor from the terms of this Note or any other Note Documents, shall be effective except by an instrument in writing signed by the Obligors and the Majority
Noteholders. Any waiver of the terms hereof shall be effective only in the specific instance and for the specific purpose given. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)
<U>Sacred Rights</U>. Notwithstanding anything in this <B><U>Section</U></B><B></B><B><U>&nbsp;14.12</U> </B>to the contrary, no amendment, modification, waiver or consent in respect of this Note or the other Note Documents shall, without the
consent of each Noteholder that is directly and adversely affected thereby, (i)&nbsp;increase any commitment by such Noteholder to fund Loans, (ii)&nbsp;extend the scheduled final maturity of any Secured Obligations owing to such Noteholder,
(iii)&nbsp;reduce the rate of or extend the time for payment of interest on any Secured Obligations owing to such Noteholder (other than any waiver of any increase in the interest rate to the Default Rate pursuant to
<U><B>Section</B></U><B></B><B><U>&nbsp;4.3</U></B>), (iv) waive, reduce, or postpone any scheduled amortization (but not mandatory prepayments) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">owing to such Noteholder, (v)&nbsp;reduce the principal amount of any Secured Obligations owing to such
Noteholder, (vi)&nbsp;release all or substantially all of the Collateral, release Jet Share from the Corporate Guaranty Agreement or release the Personal Guarantor from the Personal Guaranty Agreement, (vii)&nbsp;amend, modify, terminate or waive
any provision of this <B><U>Section</U></B><B></B><B><U>&nbsp;14.12</U> </B>or the definitions of &#147;Majority Noteholders&#148; or &#147;Pro Rata Share&#148; on substantially the same basis as the Loans and Noteholders included therein on the
Closing Date, or (viii)&nbsp;modify the terms of <B><U>Section</U></B><U> </U><B><U>5.1</U> </B>or <B><U>Section</U></B><B></B><B><U>&nbsp;5.5</U></B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.13 <U>Headings</U>. The headings of the various Sections and subsections herein are for reference only and shall not define, modify, expand,
or limit any of the terms or provisions hereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.14 <U>No Waiver; Cumulative Remedies</U>. No failure to exercise, and no delay in
exercising on the part of any Noteholder, of any right, remedy, power, or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power, or privilege. The rights, remedies, powers, and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers, and privileges provided by law.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.15 <U>Electronic Execution</U>. The words &#147;execution,&#148; &#147;signed,&#148; &#147;signature,&#148; and words of similar import
in the Note shall be deemed to include electronic or digital signatures or electronic records (including images of signatures exchanged by electronic transmission), each of which shall be of the same effect, validity, and enforceability as manually
executed signatures or a paper-based record-keeping system, as the case may be, to the extent and as provided for under applicable Law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. &#167;&#167; 7001 to
7031), the Uniform Electronic Transactions Act (UETA), or any state law based on the UETA. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.16 <U>Severability</U>. If any term or
provision of this Note or any other Note Document is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Note or the other Note Documents or
invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, the parties hereto shall negotiate in good faith to modify this Note
so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14.17 <U>Entire Agreement</U>. This Note and the other Note Documents set forth the entire agreement and understanding of the parties with
respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings, oral or written, with respect to such subject matter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[SIGNATURE PAGES FOLLOW] </I></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, each party hereto has executed this Note as of the date first written
above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B><U>BORROWER</U>:</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>LGM ENTERPRISE, LLC</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ <I>Thomas James Segrave, Jr.</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: Thomas James Segrave, Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: Sole Manager</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B><U>GUARANTOR:</U></B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">FLYEXCLUSIVE JETSHARE, LLC</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ <I>Thomas James Segrave, Jr.</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: Thomas James Segrave, Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: Sole Manager</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> S<SMALL>ENIOR</SMALL>
S<SMALL>ECURED</SMALL> N<SMALL>OTE</SMALL>] </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

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<TR>

<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ETG FE LLC,</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">a
Noteholder</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">By: EnTrust Global Partners LLC, as its manager</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ <I>Matthew Lux</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Matthew Lux</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Senior Managing Director&nbsp;&amp; General Counsel</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>WIRE INSTRUCTIONS: </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Bank Name: PLEASE REFER TO THE FOLLOWING PAGE </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">ABA # (Wires / US$ Only): </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Account #: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Account Name: </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">FFC Account #: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">FFC Account:
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B><U>NOTICE
ADDRESS:</U> </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">EnTrust Global </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Email: [&nbsp;&nbsp;&nbsp;&nbsp;]<U></U> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B>with a copy (which shall not constitute notice) to: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Vinson&nbsp;&amp; Elkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Email: [&nbsp;&nbsp;&nbsp;&nbsp;]<U></U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> S<SMALL>ENIOR</SMALL> S<SMALL>ECURED</SMALL> N<SMALL>OTE</SMALL>] </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>USD wire details for ETG FE LLC TRA </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>INTERMEDIARY FINANCIAL INSTITUTION (SWIFT field 56) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intermediary Account/IBAN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">-</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intermediary Name</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intermediary Address</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intermediary ABA</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intermediary SWIFT</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BENEFICIARY FINANCIAL INSTITUTION (SWIFT field 57) </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary Account / IBAN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary Name</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary Address</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary SWIFT</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>BENEFICIARY (SWIFT field 59) </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="63%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary Account / IBAN</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Beneficiary Name</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">[&nbsp;&nbsp;&nbsp;&nbsp;]</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Please be advised that this notification is only confirmation that Citco Bank have reserved the below account(s) for you,
and is not confirmation that the client has been accepted and the account(s) are opened and active. Until such time Citco Bank will not accept any payment instructions and will not accept any incoming monies for the account(s). </I></P>
</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>KROLL AGENCY SERVICES, LIMITED,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">as Administrative Agent</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ <I>Christopher Dawe</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: Christopher Dawe</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Attorney-in-Fact</FONT></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B><U>NOTICE ADDRESS:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Kroll Agency Services Limited </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Email: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> S<SMALL>ENIOR</SMALL> S<SMALL>ECURED</SMALL> N<SMALL>OTE</SMALL>] </P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>KROLL AGENCY SERVICES, LIMITED,</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">as Collateral Agent</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ <I>Christopher Dawe</I></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: Christopher Dawe</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Attorney-in-Fact</FONT></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><B><U>NOTICE ADDRESS:</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Kroll Trustee Services Limited </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Attention: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Email: [&nbsp;&nbsp;&nbsp;&nbsp;] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[S<SMALL>IGNATURE</SMALL> P<SMALL>AGE</SMALL> <SMALL>TO</SMALL> S<SMALL>ENIOR</SMALL> S<SMALL>ECURED</SMALL> N<SMALL>OTE</SMALL>] </P>
</DIV></Center>


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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Annex A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Defined Terms </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Administrative Agent</B>&#148; has the meaning set forth in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Affiliate</B>&#148; as to any Person, means any other Person that, directly or indirectly through one or more intermediaries, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this definition, &#147;control&#148; of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities, by contract or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Affiliate Transaction</B>&#148; has
the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;9.7</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Agent</B>&#148; has the meaning set forth in the
introductory paragraph hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Agent Fee Letter</B>&#148; has the meaning set forth in <B><U>Section</U><U>&nbsp;6.1(k)</U></B>.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Aircraft</B>&#148; means, collectively, the Closing Date Aircraft and the Post Closing Aircraft. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Aircraft Mortgage</B>&#148; means, in respect of an Aircraft, a mortgage for such Aircraft in form and substance acceptable to the
Majority Noteholders and the Collateral Agent in order to convey a first-priority perfected mortgage, pledge or other Lien on such Aircraft. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Anti-Corruption Laws</B>&#148; means all laws, rules, and regulations of any jurisdiction applicable to the Borrower from time to
time concerning or relating to bribery or corruption, including the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Applicable Rate</B>&#148; means a rate of fourteen percent (14.00%) per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Back End Date</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;3.5</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Back End Fee</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;3.5</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Borrower</B>&#148; means the Person identified as such in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Business Combination Agreement</B>&#148; means that certain Equity Purchase Agreement dated as of October&nbsp;17, 2022, by and among
the Borrower, EG Acquisition Corp., a Delaware corporation, as buyer, and the other parties thereto (as amended or otherwise modified from time to time in accordance with the terms thereof). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Business Day</B>&#148; means a day other than a Saturday, Sunday, or other day on which commercial banks in New York, New York,
Charlotte, North Carolina and London, England are authorized or required by law to close. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Change in Law</B>&#148; means the
occurrence, after the date hereof, of any of the following: (a)&nbsp;the adoption or taking effect of any law, rule, regulation or treaty, (b)&nbsp;any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c)&nbsp;the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Change of Control</B>&#148; means the occurrence of any of the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Prior to the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Closing, (i)&nbsp;the Personal Guarantor shall cease to directly or indirectly
own, free and clear of all Liens or other encumbrances, eighty-five percent (85%) of the outstanding voting Equity Interests of the Borrower on a fully diluted basis; (ii)&nbsp;the Borrower ceases to own, directly or indirectly, less than one
hundred percent (100%) of the outstanding Equity Interests of Jet Share; (iii)&nbsp;the occurrence of any &#147;change of control&#148; or similar provision under any agreement governing Debt of the Borrower, Jet Share, or any of their respective
Subsidiaries; or (iv)&nbsp;a sale, lease or other disposition (including by casualty or condemnation) of all, substantially all, or more than 50% of the consolidated assets of the Borrower, Jet Share, and their respective Subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) At any time after the <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Closing, (i)&nbsp;the Personal Guarantor shall cease to directly or
indirectly own, free and clear of all Liens or other encumbrances, <FONT STYLE="white-space:nowrap">fifty-one</FONT> percent (51%) of the outstanding voting Equity Interests of the Post <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Company on a
fully diluted basis, so long as any reduction of the Personal Guarantor&#146;s ownership stake is the result of dilution due to the issuance of voting Equity Interests to third parties on arm&#146;s length terms; provided that the Personal Guarantor
may sell, transfer or otherwise dispose or pledge as collateral his Equity Interests not to exceed $25,000,000 in value or yielding no more than $25,000,000 in gross proceeds in the Post <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Company,
whichever is less, so long as he continues to own fifty one percent (51%) of the outstanding voting Equity Interests of the Borrower on a fully diluted basis; (ii)&nbsp;the Post <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Company ceases to own,
directly or indirectly, less than one hundred percent (100%) of the outstanding Equity Interests of Jet Share; (iii)&nbsp;the occurrence of any &#147;change of control&#148; or similar provision under any agreement governing Debt of the Post <FONT
STYLE="white-space:nowrap">De-SPAC</FONT> Company, Jet Share, or any of their respective Subsidiaries; or (iv)&nbsp;a sale, lease or other disposition (including by casualty or condemnation) of all, substantially all, or more than 50% of the
consolidated assets of the Post <FONT STYLE="white-space:nowrap">De-SPAC</FONT> Company, Jet Share, and their respective Subsidiaries. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Closing Date</B>&#148; has the meaning set forth in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Closing Date Aircraft</B>&#148; means the Firm Aircraft acquired pursuant to the Textron Purchase Agreement and identified as such on
<B><U>Schedule A</U> </B>hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Code</B>&#148; means the Internal Revenue Code of 1986, as amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Collateral</B>&#148; has the meaning set forth in <B><U>Section</U><U>&nbsp;2</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Collateral Agent</B>&#148; has the meaning set forth in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Connection Income Taxes</B>&#148; means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Control</B>&#148; means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Corporate Guaranty Agreement</B>&#148; mean that certain Corporate Guaranty Agreement dated as of the Closing Date, executed and
delivered by Jet Share in the favor the Collateral Agent for the benefit of the Noteholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><FONT STYLE="white-space:nowrap">De-SPAC</FONT> Closing</B>&#148; means the &#147;Closing&#148; as defined in the Business
Combination Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><FONT STYLE="white-space:nowrap">De-SPAC</FONT> Transactions</B>&#148; means the transactions
contemplated by the Business Combination Agreement, whereby, among other things, the Borrower will issue its Equity Interests to the SPAC in exchange for cash invested in the Borrower and, immediately following such issuance, the SPAC will become a
minority holder of the Equity Interests in the Borrower and the managing member of the Borrower. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Debt</B>&#148; means, with
respect to any Person, all (a)&nbsp;indebtedness for borrowed money; (b)&nbsp;obligations for the deferred purchase price of property or services, except trade payables arising in the ordinary course of business; (c)&nbsp;obligations evidenced by
notes, bonds, debentures, or other similar instruments; (d)&nbsp;obligations as lessee under capital leases; <U>provided</U>, that for purposes of calculations of Debt made pursuant to the terms of this Note or compliance with any covenant, GAAP
will be deemed to treat operating leases in a manner consistent with its treatment under GAAP without giving effect to FASB ASC Topic 842, notwithstanding any modifications or interpretive changes thereto that may occur thereafter;
(e)&nbsp;obligations under acceptance facilities and letters of credit; (f)&nbsp;guaranties, endorsements (other than for collection or deposit in the ordinary course of business), and other contingent obligations to purchase, to provide funds for
payment, to supply funds to invest in any other Person, or otherwise to assure a creditor against loss, in each case, in respect of indebtedness set out in <B><U>clause (a)</U></B><B></B>&nbsp;through <B><U>clause (e)</U></B><B></B>&nbsp;of any
other Person and excluding any aircraft lease; and (g)&nbsp;indebtedness of the type set out in <B>clauses (a)</B><B></B>&nbsp;through <B><U>clause (f)</U></B><B></B>&nbsp;secured by any lien on any asset of such Person, whether or not such
indebtedness has been assumed by such Person. For the avoidance of doubt, the &#147;Deferred Underwriting Commission&#148; (as defined in the Business Combination Agreement) shall not be deemed Debt. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Default</B>&#148; means any of the events specified in <B><U>Section</U><U>&nbsp;10</U> </B>that constitutes an Event of Default or
that, upon the giving of notice, the lapse of time, or both, pursuant to <B><U>Section</U></B><B></B><B><U>&nbsp;10</U></B>, would, unless cured or waived, become an Event of Default. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Default Rate</B>&#148; means the Applicable Rate plus two percent (2.00%) per annum. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Environmental Laws</B>&#148; means all applicable laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to (a)&nbsp;the environment, (b)&nbsp;the management, release or threatened release of any Hazardous Material or
(c)&nbsp;health and safety matters. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Environmental Liability</B>&#148; means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of an Obligor or any Subsidiary directly or indirectly resulting from or based upon any violation of any Environmental Law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Equity Interests</B>&#148; means, with respect to any Person, all shares, interests, participations or other equivalents (however
designated, whether voting or <FONT STYLE="white-space:nowrap">non-voting)</FONT> of that Person&#146;s equity capital, whether now outstanding or issued or acquired after the Closing Date, including common shares, preferred shares, interests in a
limited liability company (including any rights to manage or participate in the management of such limited liability company), limited or general partnership interests in a partnership, interests in a trust, interests in other unincorporated
organizations, or any other equivalent of any such ownership interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>ERISA</B>&#148; means the Employee Retirement Income
Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>ERISA
Affiliate</B>&#148; means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section&nbsp;414(b) or (c)&nbsp;of the Code or Section&nbsp;4001(14) of ERISA or, solely for
purposes of Section&nbsp;302 of ERISA and Section&nbsp;412 of the Code, is treated as a single employer under Section&nbsp;414(m) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>ERISA Event</B>&#148; means (a)&nbsp;any &#147;reportable event&#148;, as defined in Section&nbsp;4043 of ERISA or the regulations
issued thereunder, with respect to a Plan (other than an event for which the <FONT STYLE="white-space:nowrap">30-day</FONT> notice period is waived); (b) the failure to satisfy the &#147;minimum funding standard&#148; (as defined in Section&nbsp;412
of the Code or Section&nbsp;302 of ERISA), whether or not waived; (c)&nbsp;the filing pursuant to Section&nbsp;412(c) of the Code or Section&nbsp;302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any
Plan; (d)&nbsp;the incurrence by the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan; (e)&nbsp;the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f)&nbsp;the incurrence by the Borrower or any ERISA Affiliate of any liability with respect to the withdrawal or
partial withdrawal of the Borrower or any ERISA Affiliate from any Plan or Multiemployer Plan; or (g)&nbsp;the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA
Affiliate of any notice, concerning the imposition upon the Borrower or any ERISA Affiliate of liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA, or a determination that a Multiemployer Plan is, or is expected to be, insolvent, in critical status or in reorganization, within the meaning of Title IV of ERISA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Erroneous Payment</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;12.22</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Event of Default</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;10</U></B>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Excluded Taxes</B>&#148; means any of the following Taxes imposed on or with
respect to the Noteholders or required to be withheld or deducted from a payment to a Noteholder, (a)&nbsp;Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i)&nbsp;imposed as
a result of such Noteholder being organized under the laws of, or having its principal office in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii)&nbsp;that are Other Connection Taxes and (b)&nbsp;Taxes attributable
to the Noteholder&#146;s failure to comply with <B><U>Section</U></B><B></B><B><U>&nbsp;5.6(g)</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>FAA</B>&#148; means the
Federal Aviation Administration. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>FATCA</B>&#148; means Sections 1471 through 1474 of the Code, as of the date of this Note (or
any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section&nbsp;1471(b)(1)
of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Finance Party</B>&#148; means the Administrative Agent, the Collateral Agent or a Noteholder. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Financial Statements</B>&#148; means the audited consolidated balance sheets and related statements of income and changes in equity
of Borrower as of December&nbsp;31, 2022 and for the fiscal year then ended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Firm Aircraft</B>&#148; has the meaning set forth
in the Textron Purchase Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Foreign Noteholder</B>&#148; means a Noteholder who is not a U.S. Person. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>GAAP</B>&#148; means generally accepted accounting principles in the United States of America as in effect from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Governmental Authority</B>&#148; means the government of any nation or any political subdivision thereof, whether at the national,
state, territorial, provincial, municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers
or functions of, or pertaining to, government. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Guaranty Agreements</B>&#148; means, collectively, the Corporate Guaranty
Agreement and the Personal Guaranty Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Hazardous Materials</B>&#148; means any pollutants, contaminants, wastes, or
other materials or substances that are regulated or for which liability or standards of conduct may be imposed under any Environmental Law, and shall include without limitation oil, petroleum, petroleum-derived substances, radiation and radioactive
materials, polychlorinated biphenyls, urea formaldehyde, perfluoroalkyl and polyfluoroalkyl substances, and asbestos or any materials containing asbestos. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Highest Lawful Rate</B>&#148; means, with respect to each Noteholder, the maximum nonusurious interest rate, if any, that at any time
or from time to time may be contracted for, taken, reserved, charged or received on the Secured Obligations under Laws applicable to such Noteholder which are presently in effect or, to the extent allowed by law, under such applicable Laws which may
hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable Laws allow as of the date hereof. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Indemnified Liabilities</B>&#148; has the meaning set forth in
<B><U>Section</U></B><B></B><B><U>&nbsp;14.3</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Indemnified Party</B>&#148; has the meaning set forth in
<B><U>Section</U></B><B></B><B><U>&nbsp;14.3</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Indemnified Taxes</B>&#148; means (a)&nbsp;Taxes, other than Excluded
Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Obligor or the Personal Guarantor under any Note Document and (b)&nbsp;to the extent not otherwise described in <B><U>clause (a)</U></B>, Other Taxes.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Initial Noteholder</B>&#148; has the meaning set forth in the introductory paragraph. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>International Registry</B>&#148; means the international registry located in Dublin, Ireland, established pursuant to the Convention
on International Interests in Mobile Equipment, as supplemented by the Protocol to the Cape Town Convention on matters specific to Aircraft Equipment dated November&nbsp;16, 2001, and as adopted in any applicable jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Jet Share</B>&#148; has the meaning set forth in the introductory paragraph. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Law</B>&#148; as to any Person, means any law (including common law), statute, ordinance, treaty, rule, regulation, order, decree,
judgment, writ, injunction, requirement or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is
subject. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Lien</B>&#148; means any mortgage, pledge, hypothecation, encumbrance, lien (statutory or other), charge, or other
security interest. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Loan</B>&#148; means any loan made to the Borrower under the terms of this Note, including the initial loans
funded by the Initial Noteholder on the Closing Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Majority Noteholders</B>&#148; means any Noteholder or Noteholders having
Pro Rata Shares the aggregate amount of which exceeds fifty percent (50%). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Make-Whole Date</B>&#148; has the meaning set forth
in <B><U>Section</U></B><B></B><B><U>&nbsp;3.4</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Make-Whole Fee</B>&#148; has the meaning set forth in
<B><U>Section</U></B><B></B><B><U>&nbsp;3.4</U></B>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Margin Stock</B>&#148; has the meaning specified in Regulation U of the
Board of Governors of the Federal Reserve System of the United States (or any successor thereto) as in effect from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Material Adverse Effect</B>&#148; means a material adverse effect on (a)&nbsp;the business, assets, properties, liabilities,
operations, or financial condition of the Obligors and their Subsidiaries, taken as a whole, (b)&nbsp;the validity or enforceability of any Note Document, (c)&nbsp;the perfection or priority of any Lien created under any Note Document, (d)&nbsp;the
rights or remedies of any Noteholder under any Note Document, or (e)&nbsp;the ability of the Obligors to perform their obligations under the Note Documents. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Material Agreement</B>&#148; means (a)&nbsp;each written contract or agreement to
which any Obligor or any of their respective Subsidiaries is a party or is bound (i)&nbsp;that contemplates or requires annual payments by or to such Obligor or its Subsidiaries of $250,000 or more, or (ii)&nbsp;as to which the breach,
nonperformance, cancellation or failure to renew by any party thereto would reasonably be expected to result in a Material Adverse Effect; and (b)&nbsp;each written contract or agreement evidencing or relating to Debt of such Obligor and its
Subsidiaries with an aggregate outstanding principal amount equal to or exceeding $250,000 (including, for the avoidance of doubt, the Senior Loan Agreement). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Material Debt</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;10.4</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Maturity Date</B>&#148; means the one (1)&nbsp;year anniversary of the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Money Laundering Laws</B>&#148; has the meaning set forth in <B><U>Section</U></B><B></B><B><U>&nbsp;7.7</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Multiemployer Plan</B>&#148; means a &#147;multiemployer plan&#148; as defined in Section&nbsp;4001(a)(3) of ERISA. To which Borrower
or any ERISA Affiliate had an obligation to contribute over the five (5) years prior to the date hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Note</B>&#148; has the
meaning set forth in the introductory paragraph. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Note Documents</B>&#148; means this Note, the Guaranty Agreements, the Security
Instruments, and all other agreements, documents, certificates, and instruments executed and delivered to any Noteholder or either Agent by the Obligors or the Personal Guarantor in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Noteholders</B>&#148; means the Initial Noteholder and any other Person that becomes a &#147;Noteholder&#148; under this Note
pursuant to a permitted assignment and assumption, excluding any such Person that thereafter ceases to be a party to this Note pursuant to a permitted assignment and assumption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Obligor</B>&#148; has the meaning set forth in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>OFAC</B>&#148; means the U.S. Department of the Treasury&#146;s Office of Foreign Assets Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Other Connection Taxes</B>&#148; means, with respect to the Noteholders, Taxes imposed as a result of a present or former connection
between such Noteholder and the jurisdiction imposing such Tax (other than connections arising from such Noteholder having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a
security interest under, engaged in any other transaction pursuant to or enforced any Note Document, or sold or assigned an interest in any Note or Note Document). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Other Taxes</B>&#148; means all present or future stamp, court, recording, filing, intangible, documentary, or similar Taxes arising
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Note or any other Note Document, except any such
Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made at the request of any Obligor or the Personal Guarantor). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Outstanding Principal Amount</B>&#148; has the meaning set forth in the
introductory paragraph hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Party</B>&#148; means a party to this Note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>PATRIOT Act</B>&#148; means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001 (Title III of Pub. L. <FONT STYLE="white-space:nowrap">107-56,</FONT> signed into law October&nbsp;26, 2001). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Payment in Full</B>&#148; means the indefeasible payment in full in cash of all Secured Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Permitted Liens</B>&#148; has the meaning set forth in <B><U>Section&nbsp;9.2</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Permitted Tax Distributions</B>&#148; means with respect to any taxable period or portion thereof during which the Borrower is a
pass-through entity (i.e., a partnership or disregarded entity) for U.S. federal income Tax purposes, distributions in an amount equal to the reasonably estimated tax liability payable by the ultimate beneficial owners of the Borrower in respect of
the net taxable income or gain of the Borrower in such respective taxable period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Person</B>&#148; means any individual,
corporation, limited liability company, trust, joint venture, association, company, limited or general partnership, unincorporated organization, Governmental Authority, or other entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Personal Guarantor</B>&#148; means Thomas Segrave. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Personal Guaranty Agreement</B>&#148; means that certain Personal Guaranty Agreement dated on or about the date hereof executed and
delivered by the Personal Guarantor in favor of the Collateral Agent for the benefit of the Noteholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Plan</B>&#148; means
any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or subject to the minimum funding standards under Section&nbsp;412 of the Code or Section&nbsp;302 of ERISA, and in respect of which
the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section&nbsp;4069 of ERISA be deemed to be) an &#147;employer&#148; as defined in Section&nbsp;3(5) of ERISA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Pledge Agreement</B>&#148; means that certain Membership Interest Pledge Agreement, dated as of the Closing Date by and between Jet
Share and Collateral Agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Post Closing Aircraft</B>&#148; means the Firm Aircraft acquired pursuant to the Textron Purchase
Agreement and identified as such on <U><B>Schedule A</B> </U>hereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Prepayment Event</B>&#148; means the occurrence of any of
the following: (a)&nbsp;a Change in Control, (b)&nbsp;the Borrower or any of its Subsidiaries incurs Debt to refinance the Secured Obligations, or (c)&nbsp;the Borrower or any of its Subsidiaries incurs Debt in violation of this Note. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Pro Rata Share</B>&#148; means, at any time of determination, (a)&nbsp;with respect
to any Noteholder, a percentage equal to a fraction the numerator of which is the aggregate Outstanding Principal Amount owing to such Noteholder in respect of this Note and the denominator of which is the aggregate Outstanding Principal Amount
owing to all Noteholders in respect of this Note and (b)&nbsp;with respect to any group of Noteholders, a percentage equal to a fraction the numerator of which is the aggregate Outstanding Principal Amount owing to such Noteholders in respect of
this Note and the denominator of which is the aggregate Outstanding Principal Amount owing to all Noteholders in respect of this Note. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Recoveries</B>&#148; has the meaning set forth in <B><U>Section&nbsp;14.28</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Restricted Payments</B>&#148; has the meaning set forth in <B><U>Section&nbsp;9.5</U></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Sanctioned Country</B>&#148; means, at any time, a country or territory that is the subject or target of any Sanctions (including, as
of the Closing Date, the <FONT STYLE="white-space:nowrap">so-called</FONT> Donetsk People&#146;s Republic, the <FONT STYLE="white-space:nowrap">so-called</FONT> Luhansk People&#146;s Republic, the Crimea, Zaporizhzhia and Kherson Regions of Ukraine,
Cuba, Iran, North Korea and Syria ). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Sanctioned Person</B>&#148; means, at any time, (a)&nbsp;any Person listed in any
Sanctions-related list of designated Persons maintained by a Sanctions Authority; (b)&nbsp;any Person operating, located, organized, or resident in a Sanctioned Country, (c)&nbsp;any Person owned or controlled by any such Person or Persons described
in the foregoing <B><U>clause (a)</U></B><B></B>&nbsp;or <B><U>clause (b)</U></B>, or (d)&nbsp;any Person that is the subject or target of any Sanctions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Sanctions</B>&#148; mean all economic or financial sanctions or trade embargoes imposed, administered, or enforced from time to time
by a Sanctions Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Sanctions Authority</B>&#148; means OFAC, the U.S. Department of State, the United Nations Security
Council, the European Union, any EU member state, His Majesty&#146;s Treasury of the United Kingdom or other relevant sanctions authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Secured Obligations</B>&#148; means all amounts, obligations, liabilities, covenants and duties of every type and description owing
by any Obligor to any Noteholder or any other indemnitee hereunder, arising out of, under, or in connection with, any Note Document, whether direct or indirect, absolute or contingent, due or to become due, whether liquidated or not, now existing or
hereafter arising and however acquired, and whether or not evidenced by any instrument or for the payment of money, including, without duplication, the Loan, all interest thereon (whether or not accruing after the filing of any petition in
bankruptcy or after the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post- petition interest is allowed in any such proceeding), and all other fees, expenses, indemnities and
reimbursement of amounts required to be paid by the Obligors under any Note Document. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Security Instruments</B>&#148; means the
Pledge Agreement, the Aircraft Mortgages, the Guaranty Agreements, UCC financing statements and any other agreement now or hereafter executed and delivered by any Obligor that grants or purports to grant a Lien in favor of the Collateral Agent for
its benefit and the benefit of the Noteholders to secure the Secured Obligations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Seller</B>&#148; means Texron Aviation Inc. in
its capacity as a seller under the Textron Purchase Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Senior Loan Agreement</B>&#148; means that certain Third Amended and Restated Loan
Agreement dated as of September 19, 2022, between the Borrower, as borrower, and The Northern Trust Company, as Lender (together with its successors and assigns in such capacity, the &#147;<B><I>Senior Lender</I></B>&#148;), as amended or otherwise
modified from time to time in accordance with the terms hereof and thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Senior Obligations</B>&#148; means the
&#147;Obligations&#148; as such term is defined in the Senior Loan Agreement, as such Senior Loan Agreement is in effect on the date hereof or as may be amended or otherwise modified in accordance with the terms of this Note and the Senior Loan
Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>SPAC</B>&#148; has the meaning set forth in the introductory paragraph hereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Subordinated Debt</B>&#148; means any Debt that is contractually subordinated to payment of the Secured Obligations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Subsidiary</B>&#148; means, with respect to any Person, a corporation, partnership, limited liability company, unlimited liability
company or other entity of which that Person owns, directly or indirectly, outstanding Equity Interests having more than fifty percent (50%) of the ordinary voting power for the election of directors or other managers of that corporation,
partnership, limited liability company, or other entity. Unless the context otherwise requires, each reference to Subsidiaries in this Note refers to Subsidiaries of the Obligors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Taxes</B>&#148; means all present or future taxes, levies, imposts, duties, deductions, charges, fees, assessments, or withholdings
(including backup withholding) imposed, levied, withheld, or assessed by any Governmental Authority, including any interest, additions to tax, or penalties imposed thereon and with respect thereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(***) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(***) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(***) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>Treasury
Regulation</B>&#148; shall mean the regulations promulgated by the United States Department of the Treasury pursuant to and in respect of provision of the Code. All references herein to sections of the Treasury Regulations shall include any
corresponding provision or provisions of succeeding, similar, substitute, temporary or final Treasury Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>U.S.
Person</B>&#148; means any Person that is a &#147;United States Person&#148; as defined in Section&nbsp;7701(a)(30) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>U.S. Tax Compliance Certificate</B>&#148; has the meaning set forth in <B><U>Section&nbsp;5.6(g)(ii)(C)</U></B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B>United States</B>&#148; and &#147;<B>U.S.</B>&#148; mean the United States of
America. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A<SMALL>NNEX</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Exhibit A <B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Schedules to Note</B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><I>[See Attached.]</I> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">E<SMALL>XHIBIT</SMALL> A
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit <FONT STYLE="white-space:nowrap">B-1</FONT> </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FORM OF] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">U.S. TAX COMPLIANCE
CERTIFICATE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(For Foreign Noteholders That Are Not Partnerships For U.S. Federal Income Tax Purposes) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Reference is hereby made to the Senior Secured Note dated as of December&nbsp;1, 2023 (as amended, supplemented or otherwise modified from
time to time, the &#147;<B><I>Note</I></B>&#148;), by and among LGM Enterprises, LLC, a North Carolina limited liability company (the &#147;<B><I>Borrower</I></B>&#148;), FlyExclusive Jet Share, LLC, a North Carolina limited liability company, as
the guarantor, ETG FE LLC, a Delaware limited liability company or its registered assigns, as the initial holder of this Note, any Noteholders party hereto from time to time, and Kroll Agency Services Limited, a company incorporated under the laws
of England and Wales, as administrative agent, Kroll Trustee Services Limited, a company incorporated under the laws of England and Wales, as administrative agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;5.6 of the Note, the undersigned hereby certifies that (i) it is the sole record and beneficial
owner of the Note in respect of which it is providing this certificate, (ii) it is not a &#147;bank&#148; within the meaning of Section&nbsp;881(c)(3)(A) of the Code, (iii)&nbsp;it is not a &#147;10&nbsp;percent shareholder&#148; of the Borrower
within the meaning of Section&nbsp;871(h)(3)(B) of the Code and (iv)&nbsp;it is not a &#147;controlled foreign corporation&#148; related to the Borrower as described in Section&nbsp;881(c)(3)(C) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The undersigned has furnished the Borrower with a certificate of its <FONT STYLE="white-space:nowrap">non-U.S.</FONT> Person status on IRS
Form <FONT STYLE="white-space:nowrap">W-8BEN</FONT> or IRS Form <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E.</FONT></FONT> By executing this certificate, the undersigned agrees that (1) if the information provided in
this certificate changes, the undersigned shall promptly so inform the Borrower, and (2)&nbsp;the undersigned shall have at all times furnished the Borrower with a properly completed and currently effective certificate in either the calendar year in
which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Unless otherwise
defined herein, terms defined in the Note and used herein shall have the meanings given to them in the Note. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">[NAME OF NOTEHOLDER]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20[ ]</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">E<SMALL>XHIBIT</SMALL>
B-1 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit <FONT STYLE="white-space:nowrap">B-2</FONT> </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FORM OF] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">U.S. TAX COMPLIANCE
CERTIFICATE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(For Foreign Noteholders That Are Partnerships For U.S. Federal Income Tax Purposes) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Reference is hereby made to the Senior Secured Note dated as of December&nbsp;1, 2023 (as amended, supplemented or otherwise modified from
time to time, the &#147;<B><I>Note</I></B>&#148;), by and among LGM Enterprises, LLC, a North Carolina limited liability company (the &#147;<B><I>Borrower</I></B>&#148;), FlyExclusive Jet Share, LLC, a North Carolina limited liability company, ETG
FE LLC, a Delaware limited liability company or its registered assigns, as the initial holder of this Note, any Noteholders party hereto from time to time, Kroll Agency Services Limited, a company incorporated under the laws of England and Wales, as
administrative agent, and Kroll Trustee Services Limited, a company incorporated under the laws of England and Wales, as administrative agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;5.6 of the Note, the undersigned hereby certifies that (i) it is the sole record owner of the Note
in respect of which it is providing this certificate, (ii)&nbsp;its direct or indirect partners/members are the sole beneficial owners of such Note, (iii)&nbsp;with respect to the extension of credit pursuant to this Note or any other Note Document,
neither the undersigned nor any of its direct or indirect partners/members is a &#147;bank&#148; extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section&nbsp;881(c)(3)(A) of the Code, (iv)&nbsp;none of its direct or indirect partners/members is a &#147;10&nbsp;percent shareholder&#148; of the Borrower within the meaning of Section&nbsp;871(h)(3)(B) of the Code and (v)&nbsp;none of its direct
or indirect partners/members is a &#147;controlled foreign corporation&#148; related to the Borrower as described in Section&nbsp;881(c)(3)(C) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The undersigned has furnished the Borrower with IRS Form <FONT STYLE="white-space:nowrap">W-8IMY</FONT> accompanied by one of the following
forms from each of its partners/members that is claiming the portfolio interest exemption: an IRS Form <FONT STYLE="white-space:nowrap">W-8ECI,</FONT> IRS Form <FONT STYLE="white-space:nowrap">W-8BEN,</FONT> IRS Form
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">W-8BEN-E</FONT></FONT> or IRS Form <FONT STYLE="white-space:nowrap">W-9.</FONT> By executing this certificate, the undersigned agrees that (1)&nbsp;if the information provided in this
certificate changes, the undersigned shall promptly so inform the Borrower, and (2)&nbsp;the undersigned shall have at all times furnished the Borrower with a properly completed and currently effective certificate in either the calendar year in
which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Unless otherwise
defined herein, terms defined in the Note and used herein shall have the meanings given to them in the Note. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">[NAME OF NOTEHOLDER]</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title:</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Date:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 20[ ]</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">E<SMALL>XHIBIT</SMALL> B
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