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[ Actava Letterhead ]
EXHIBIT 10
October 4, 1995
JDP Aircraft II, Inc.
0000 Xxxxxxxxx Xxxxx
000 Xxxx Xxxxx Xxxxx Xxxx
Xxxxxxx, Xxxxxxx 00000
Gentlemen:
This letter is to serve as our agreement to extend the attached lease
agreement on Citation Jet 525AE for the period from October 21, 1995 through
October 31, 1996.
THE ACTAVA GROUP INC.
By: /s/Xxxxxxxxx X. Xxxxxxxxx, III
------------------------------
Agreed to as of October 5, 1995.
JDP AIRCRAFT II, INC.
By: /s/Xxxx X. Xxxxxxxx
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2
[ Actava Letterhead ]
October 21, 1994
JDP AIRCRAFT II, INC.
0000 Xxxxxxxxx Xxxxx Xxxxx
000 Xxxx Xxxxx Xxxxx Xxxx
Xxxxxxx, Xxxxxxx 00000
Gentlemen:
This letter is to serve as our agreement to lease your Citation Jet
(N525 AE) on the terms and conditions attached hereto commencing on the date
hereof.
THE ACTAVA GROUP INC.
By: /s/Xxxxxxxxx X. Xxxxxxxxx, III
------------------------------
Agreed to as of October 21, 1994.
JDP AIRCRAFT II, INC.
By: /s/Xxxx X. Xxxxxxxx
-------------------
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XXXX X. XXXXXXXX
LEASE
Plane: Citation Jet
Lessor: JDP Aircraft II, Inc.
Lessee: The Actava Group Inc.
Term: Twelve months, but can be canceled at any time on
thirty (30) day notice by Xxxxxx.
Lease Rate: $20,700 per month ($248,400 per year)
Available Hours: - 125 hours annually
- Extra hours at $2,185 per hour
- Available whenever needed - 24 hours a day
Services Included: Plane, pilot(s), fuel, landing fees
(Does not include reimbursement of out of pocket pilot
ground expenses such as hotel, car and food)
