Options

Options March 1, 2011 Mr. Richard Kahn HBRK Associates 301 W 66th Street New York, NY 10065 Dear Rich, Please find the following proposal to purchase a combination Hawker 400XP/Hawker 800XP 25-hour JetPASS: 12.5 hour Purchase Price (Hawker 400XP) $ 53,347 12.5 hour Purchase Price (Hawker 800XP) $ 76.190 Total Purchase Price $129,537 Hawker 400XP Hourly Fuel Surcharge (Jan) $957 Hawker 800XP Hourly Fuel Surcharge (Jan) $1,199 Hawker 400XP Effective 'All-in" Cost per Hour $5,224 Hawker 800XP Effective "All-in" Cost per Hour $7,294 Pricing includes 7.5% FET and is valid through March 31, 2011. The "Hourly Fuel Surcharge" will adjust monthly based upon Flight Options' average cost per gallon of Jet-A fuel. Fuel is charged to a credit card upon completion of each flight. JetPASS Program Highlights: • 24x7x365 Access. No Blackout Days. • 12 hour guaranteed response time (48 hours on Peak Travel Days) • Unused hours never expire • Rates re-indexed every 12 months by the greater of 3.75% or CPI • 15% Discount on the base rate for same day round trip travel (within 12 hour duty day) • May upgrade/downgrade to different aircraft based on availability and pay actual rate of aircraft flown • Extended Service Area includes Bermuda, the Caribbean and Mexico (48 hours notice). As long as travel is within the Primary/Extended Service Area, there are no positioning fees. • Catering included Thank you for your continued support of the Flight Options program. Best regards, Brendan Nolan Flight Options, LLC Regional Sales Director, Manhattan EFTA01108688