0000353184-20-000073 Sample Contracts

PROMISSORY NOTE
Promissory Note • September 30th, 2020 • 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 Forty-Three Million Five Hundred Ninety-Eight Thousand Dollars ($43,598,000.00)together with interest thereon as hereinafter provided.

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SUPPLEMENT #8 TO MASTER LOAN AGREEMENT
Master Loan Agreement • September 30th, 2020 • Air T Inc • Air courier services

THIS SUPPLEMENT #8 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”).

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