PROMISSORY NOTE TERM NOTE EPromissory Note • December 26th, 2019 • Air T Inc • Air courier services
FOR VALUE RECEIVED, the undersigned CONTRAIL AVIATION SUPPORT, LLC ("Support"), CONTRAIL AVIATION LEASING, LLC (“Leasing”) and CONTRAIL AVIATION LEASING IRELAND DAC, CRO No. 662616 ("Leasing-Ireland", and together with Support and Leasing, 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 Six Million Eight Hundred Ninety-Four Thousand Seven Hundred Ninety ($6,894,790.00), in United States Dollars, together with interest thereon as hereinafter provided.
SUBSIDIARY EQUITY PLEDGE AGREEMENTSubsidiary Equity Pledge Agreement • December 26th, 2019 • Air T Inc • Air courier services
This Subsidiary Equity Pledge Agreement (“Agreement”) is entered into as of December 19, 2019 by and between CONTRAIL AVIATION SUPPORT, LLC (“Grantor") and OLD NATIONAL BANK ("Lender").
INDEMNITY AND GUARANTY AGREEMENTIndemnification & Liability • December 26th, 2019 • Air T Inc • Air courier services
This Indemnity and Guaranty Agreement (this “Agreement”), effective as of December 19, 2019, is made by and between Contrail Aviation Support, LLC, (“Parent”), and Contrail Aviation Leasing Ireland DAC (“Subsidiary”).
AIRCRAFT SECURITY AGREEMENTAircraft Security Agreement • December 26th, 2019 • Air T Inc • Air courier services • Wisconsin
This Aircraft Security Agreement (“Agreement”) is entered into as of December 19, 2019 by and between CONTRAIL AVIATION LEASING, LLC, CONTRAIL AVIATION LEASING IRELAND DAC, CRO No. 662616 (“Grantor") and CONTRAIL AVIATION SUPPORT, LLC (collectively, “Borrower”); and OLD NATIONAL BANK ("Lender").
AMENDMENT TO CONTINUING GUARANTYContinuing Guaranty Amendment • December 26th, 2019 • Air T Inc • Air courier services
For good and valuable consideration received in connection with Supplement No. 6 to the Master Loan Agreement dated June 24, 2019 between Old National Bank (“Lender”) and Contrail Aviation Support, LLC and Contrail Aviation Leasing, LLC (“Borrowers”), and the other Loan Documents associated therewith (as defined therein), the below-signed Guarantor hereby agrees that his/its Continuing Guaranty executed as of June 24, 2019 in connection therewith shall further apply to the debts of Contrail Aviation Leasing Ireland DAC (“Irish Subsidiary”) payable to the order of Lender, on the same terms and conditions expressed in the Continuing Guaranty. The Irish Subsidiary shall be deemed included in the definition of “Borrower” set forth in the Continuing Guaranty and any references in said Continuing Guaranty to Contrail Aviation Leasing, LLC shall be deemed to also apply to the Irish Subsidiary.
DEED OF LEASE NOVATION December 20, 2019 between MAM SELDON AVIATION 2 DESIGNATED ACTIVITY COMPANY, as Existing LessorDeed of Lease Novation • December 26th, 2019 • Air T Inc • Air courier services
MAM SELDON AVIATION 2 DESIGNATED ACTIVITY COMPANY (“Existing Lessor”) a designated activity company incorporated under the laws of Ireland, having its registered office address at 32 Molesworth Street, Dublin 2, D02Y512, Ireland, SmartLynx Airlines Estonia OÜ (“Lessee”) whose address is at Lennujaama tee 13, Tallinn, 11101, Estonia, and Contrail Aviation Leasing Ireland DAC (“New Lessor”), a designated activity company incorporated under the laws of Ireland, having its registered office address at 32 Molesworth Street, Dublin 2, D02Y512, Ireland.
AIRCRAFT SALE AGREEMENTAircraft Sale Agreement • December 26th, 2019 • Air T Inc • Air courier services • New York
BILL OF SALEBill of Sale • December 26th, 2019 • Air T Inc • Air courier services
BY THIS BILL OF SALE DIAMOND HEAD 3 (IRELAND) DAC ("Seller") does hereby sell, grant and transfer, for good consideration in accordance with the terms of an aircraft sale and purchase agreement dated as of June 4, 2019 ("Sale Agreement") between (among others) Seller and Contrail Aviation Support, LLC ("Buyer"), all its rights, title and interest in and to the aircraft specified below and as more fully defined in the Sale Agreement ("Aircraft") to Buyer for good and valuable consideration, receipt of which is hereby acknowledged by Seller:
SUPPLEMENT #6 TO MASTER LOAN AGREEMENTMaster Loan Agreement • December 26th, 2019 • Air T Inc • Air courier services
THIS SUPPLEMENT #6 TO MASTER LOAN AGREEMENT (this “Supplement”) is made and entered into by Lender and Borrowers (named below) 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”).
