PROMISSORY NOTE TERM NOTE FAir T Inc • February 7th, 2020 • 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 Eight Million Five Hundred Thousand Dollars ($8,500,000.00), together with interest thereon as hereinafter provided.
WARRANTY BILL OF SALEWarranty Bill of Sale • February 7th, 2020 • Air T Inc • Air courier services
This Warranty Bill of Sale is delivered pursuant to the Engine Sale and Purchase Agreement, dated as of January 27, 2020 (the “Purchase Agreement”), between Seller and Buyer.
AIRCRAFT ASSETS SECURITY AGREEMENTAircraft Assets Security Agreement • February 7th, 2020 • Air T Inc • Air courier services • Wisconsin
This Aircraft Assets Security Agreement (“Agreement”) is entered into as of February 3, 2020, by and between CONTRAIL AVIATION LEASING, LLC (Grantor), CONTRAIL AVIATION SUPPORT, LLC (together with Grantor, collectively, “Borrower”); and OLD NATIONAL BANK ("Lender").
SUPPLEMENT #7 TO MASTER LOAN AGREEMENTMaster Loan Agreement • February 7th, 2020 • Air T Inc • Air courier services
THIS SUPPLEMENT #7 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”).
BILL OF SALEBill of Sale • February 7th, 2020 • Air T Inc • Air courier services
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:
