PROMISSORY NOTE TERM NOTE CPromissory Note • November 5th, 2019 • Air T Inc • Air courier services
FOR VALUE RECEIVED, the undersigned CONTRAIL AVIATION SUPPORT, LLC (“Support”) and CONTRAIL AVIATION LEASING, LLC (“Leasing”, and together with Support, each a “Borrower,” and collectively, the “Borrowers”), jointly and severally, promise to pay to the order of OLD NATIONAL BANK (the “Lender”) the principal sum of Thirteen Million Five Hundred Ninety‑Four Dollars ($13,000,594.00), together with interest thereon as hereinafter provided.
BENEFICIAL INTEREST PLEDGE AGREEMENTBeneficial Interest Pledge Agreement • November 5th, 2019 • Air T Inc • Air courier services
WHEREAS, Pledgor, as Beneficial Owner (as defined in the Trust Deed), Wilmington Trust SP Services (Dublin) Limited (registration number 318390), not in its individual capacity, except as provided in the Trust Deed, but otherwise as Trustee (the "Owner Trustee") and Contrail Aviation Support, LLC, as Parent (as defined in the Trust Deed) entered into that certain Declaration of Trust (MSN 29922), dated as of June 26, 2019 (the "Trust Deed") (the "Trust Deed"), pursuant to which the Aircraft MSN 2922 Trust was created (the "Trust");
CONTINUING GUARANTYContinuing Guaranty • November 5th, 2019 • Air T Inc • Air courier services • Wisconsin
THIS CONTINUING GUARANTY (this “Guaranty”) is entered into as of June 24, 2019, by AIR T, INC. (the “Guarantor”) in favor of and for the benefit of OLD NATIONAL BANK (the “Lender”).
NAME & ADDRESS OF DEBTOR/BORROWER:CONTRAIL AVIATION SUPPORT, LLC CONTRAIL AVIATION LEASING, LLC 435 INVESTMENT CTVERONA, WI 53593-8788 [recording information] NAME & ADDRESS OF SECURED PARTY/LENDER: OLD NATIONAL BANK619 Madison/Southern WI Coml LPO23...Trustee Aircraft Security Agreement • November 5th, 2019 • Air T Inc • Air courier services • Wisconsin
This Trustee Aircraft Security Agreement is entered into as of October 30, 2019 by and between Wilmington Trust SP Services (Dublin) Limited (registration number 318390), not in its individual capacity but solely as Trustee ("Grantor") of the herein identified Aircraft MSN 29922 Trust; CONTRAIL AVIATION SUPPORT, LLC; and CONTRAIL AVIATION LEASING,
SUPPLEMENT #4 TO MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #4 TO MASTER LOAN AGREEMENT (this “Supplement”) is made and entered into by Lender and Borrowers as of the date written above pursuant to the Master Loan Agreement by and between Lender and Borrowers dated June 24, 2019 (the “Master Loan Agreement”).
SUPPLEMENT #3 TO MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #3 TO MASTER LOAN AGREEMENT (this “Supplement”) is made and entered into by Lender and Borrowers as of the date written above pursuant to the Master Loan Agreement by and between Lender and Borrowers dated June 24, 2019 (the “Master Loan Agreement”).
SUPPLEMENT #2 TO MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #2 TO MASTER LOAN AGREEMENT (this “Supplement”) is made and entered into by Lender and CAS as of the date written above pursuant to the Master Loan Agreement by and between Lender and Borrowers dated June 24, 2019 (the “Master Loan Agreement”).
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Aircraft Lease Amendment Agreement • November 5th, 2019 • Air T Inc • Air courier services • England
CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.Netting Letter • November 5th, 2019 • Air T Inc • Air courier services • New York
SUPPLEMENT #1 TO MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #1 TO MASTER LOAN AGREEMENT (this “Supplement”) is made and entered into by Lender and Borrowers as of the date written above pursuant to the Master Loan Agreement by and between Lender and Borrowers dated June 24, 2019 (the “Master Loan Agreement”).
ASSIGNMENT OF BENEFICIAL INTEREST OF TRUSTAssignment of Beneficial Interest of Trust • November 5th, 2019 • Air T Inc • Air courier services
This Assignment is made this 16th day of August , 2019, pursuant and in furtherance of that certain Beneficial Trust Interest Pledge Agreement of even date herewith (the “Pledge Agreement”).
SUPPLEMENT #5 TO MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #5 TO MASTER LOAN AGREEMENT (this "Supplement") is made and entered into by Lender and Borrowers as of the date written above pursuant to the Master Loan Agreement by and between Lender and Borrowers dated June 24, 2019 (the “Master Loan Agreement”).
BUYER GUARANTEE (MSN 29922)Buyer Guarantee • November 5th, 2019 • Air T Inc • Air courier services
(1)CONTRAIL AVIATION SUPPORT, LLC, a limited liability company organized and existing under the laws of the State of North Carolina, United States of America, having its principal place of business at 435 Investment Court, Verona, Wisconsin 53593, United States of America (“Guarantor”); and
MASTER LOAN AGREEMENTMaster Loan Agreement • November 5th, 2019 • Air T Inc • Air courier services • Wisconsin
THIS MASTER LOAN AGREEMENT (this “Agreement”), is made as of this 24th day of June, 2019, by and among CONTRAIL AVIATION SUPPORT, LLC (“CAS”), CONTRAIL AVIATION LEASING, LLC (“CAL”, and together with Support, each a “Borrower,” and collectively, the “Borrowers”) and OLD NATIONAL BANK (the “Lender,” and together with Borrowers, collectively the “Parties”).
