Air T FundingTrust Agreement • June 25th, 2021 • Air T Inc • Air courier services • Delaware
THIS SECOND AMENDED AND RESTATED TRUST AGREEMENT, dated as of June 21, 2021, among (i) Air T, Inc., a Delaware corporation (including any successors or assigns, the “Depositor”), (ii) Delaware Trust Company, a Delaware state chartered trust company duly organized and existing under the laws of the State of Delaware, as property trustee (the “Property Trustee”), (iii) Delaware Trust Company, a Delaware state chartered trust company duly organized and existing under the laws of the State of Delaware, as Delaware trustee (the “Delaware Trustee,” and (iv) Mark Jundt, an individual, and Brian Ochocki, an individual, each of whose address is c/o Air T, Inc. (each an “Administrative Trustee” and collectively the “Administrative Trustees”) (the Property Trustee, the Delaware Trustee and the Administrative Trustees referred to collectively as the “Trustees”).
JOINDER TO SECURITY AGREEMENTJoinder to Security Agreement • June 25th, 2021 • Air T Inc • Air courier services • Minnesota
This JOINDER TO SECURITY AGREEMENT ("Joinder Agreement"), dated as of June 23, 2021 is made by JET YARD SOLUTIONS, LLC, an Arizona limited liability company, with its chief executive office at 25233 E Pinal Airpark Road, #101, Marana, AZ, 85653 (the "Joining Grantor"), and delivered to MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Lender”), under that certain Amended and Restated Security Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Security Agreement"; capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement), dated as of March 28, 2019, executed by certain Subsidiaries of AIR T, INC., a Delaware corporation (the “Borrower”), in favor of the Lender.
JOINDER TO GUARANTYGuaranty • June 25th, 2021 • Air T Inc • Air courier services
The undersigned, AIR’ZONA AIRCRAFT SERVICES, INC., an Arizona corporation (the “Additional Guarantor”), hereby joins in the Amended and Restated Guaranty dated as of March 28, 2019 (such Guaranty as amended to date and as it may be further amended, modified, supplemented or restated from time to time being the “Guaranty”) made by certain “Subsidiary” signatories thereto (collectively the “Other Guarantors”) in favor of MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Bank”), pursuant to which such Other Guarantors jointly and severally guaranty the payment and performance of all “Obligations” of AIR T, INC., a Delaware corporation (the “Borrower”), to the Bank, which Obligations include, without limitation, all “Obligations” under that certain Second Amended and Restated Credit Agreement, dated as of June 26, 2020, by and between the Borrower and the Bank (such Second Amended and Restated Credit Agreement, as it may be amended, modified, supplemented or restated from
JOINDER TO GUARANTYGuaranty • June 25th, 2021 • Air T Inc • Air courier services
The undersigned, JET YARD SOLUTIONS, LLC, an Arizona limited liability company (the “Additional Guarantor”), hereby joins in the Amended and Restated Guaranty dated as of March 28, 2019 (such Guaranty as amended to date and as it may be further amended, modified, supplemented or restated from time to time being the “Guaranty”) made by certain “Subsidiary” signatories thereto (collectively the “Other Guarantors”) in favor of MINNESOTA BANK & TRUST, a Minnesota state banking corporation (the “Bank”), pursuant to which such Other Guarantors jointly and severally guaranty the payment and performance of all “Obligations” of AIR T, INC., a Delaware corporation (the “Borrower”), to the Bank, which Obligations include, without limitation, all “Obligations” under that certain Second Amended and Restated Credit Agreement, dated as of June 26, 2020, by and between the Borrower and the Bank (such Second Amended and Restated Credit Agreement, as it may be amended, modified, supplemented or restated
