0000950137-07-009736 Sample Contracts

OFFICE SPACE LEASE LANDLORD EYW HOLDINGS, INC. TENANT GULFSTREAM TRAINING ACADEMY, INC. LOCATION 3201 WEST GRIFFIN ROAD DANIA, FLORIDA 33312
Office Space Lease • July 5th, 2007 • Gulfstream International Group Inc • Florida

THIS INDENTURE made this 1st day of August, 2005, between GULFSTREAM TRAINING ACADEMY, INC. having an address of 5302 NW 21st Terrace, Ft. Lauderdale, FL 33309 (“Tenant”) and EYW Holdings, Inc., a Florida corporation, having an address of 1815 Griffin Road, Suite 400, Dania, FL 33004, (“Landlord”):

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 5th, 2007 • Gulfstream International Group Inc

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 14th day of March, 2006 (the “Effective Date”), between GULFSTREAM INTERNATIONAL AIRLINES, INC., a Florida corporation, whose principal place of business is 3201 Griffin Road, 4th Floor, Ft. Lauderdale, Florida 33312 and any of its successors or affiliated companies (collectively, the “Company”) and DAVID HACKETT, an individual whose business address is 3201 Griffin Road, 4th Floor, Ft. Lauderdale, Florida 33312 (the “Executive”).

GULFSTREAM ACQUISITION GROUP, INC. STOCK INCENTIVE PLAN
Gulfstream International Group Inc • July 5th, 2007 • Delaware
MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • July 5th, 2007 • Gulfstream International Group Inc • Delaware

THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered as of the 13th day of March, 2006, by and between WEATHERLY GROUP, LLC, a Delaware limited liability company (“Service Provider”) and GULFSTREAM ACQUISITION GROUP, INC., a Delaware corporation (the “Company”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 5th, 2007 • Gulfstream International Group Inc • Florida

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 7th day of August, 2003 (the “Effective Date”), between Gulfstream International Airlines, Inc., a Florida corporation, whose principal place of business is 1815 Griffin Road, Suite 400, Dania, Florida, 33004 and any of its successors or affiliated companies (collectively (the “Company”) and Thomas P. Cooper, an individual whose business address is 1815 Griffin Rd., Suite 400, Dania, FL 33004 (the “Executive”).

LOAN AGREEMENT dated as of December 29, 2005 between GULFSTREAM INTERNATIONAL AIRLINES, INC., as Borrower, and IRWIN UNION BANK AND TRUST COMPANY, as Lender
Loan Agreement • July 5th, 2007 • Gulfstream International Group Inc • Utah

THIS LOAN AGREEMENT, dated as of December 29, 2005, is by and between Gulfstream International Airlines, Inc., a Florida corporation, as borrower (the “Borrower”), and Irwin Union Bank and Trust Company, as Lender (together with its successors and assigns, the “Lender”).

STOCK OPTION AGREEMENT GULFSTREAM ACQUISITION GROUP, INC.
Stock Option Agreement • July 5th, 2007 • Gulfstream International Group Inc • Delaware

WHEREAS, the Board of Directors of the Company (“Board of Directors”) has adopted the Gulfstream Acquisition Group, Inc. Stock Incentive Plan (the “Plan”) pursuant to which options to purchase shares of the Common Stock of the Company may be granted to employees, directors and consultants of the Company, a parent or subsidiary, as such terms are defined in the Plan; and

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • July 5th, 2007 • Gulfstream International Group Inc • Florida

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 6th day of April, 2006 (the “Effective Date”), between Gulfstream Training Academy, Inc., a Florida corporation, whose principal place of business is 3201 Griffin Road, Fort Lauderdale, FL 33312, and any of its successors or affiliated companies (collectively the “Company”) and Paul Stagias, an individual, whose address is 120 West Crystal Drive, Sanford, FL 32773 (the “Executive”).

LOAN AGREEMENT
Loan Agreement • July 5th, 2007 • Gulfstream International Group Inc

This Agreement applies to the loan or loans (individually and collectively, the “Loan”) evidenced by one or more promissory notes of even date herewith or other notes subject hereto, as modified from time to time (whether one or more, the “Note”) and all Loan Documents. The terms “Loan Documents” and “Obligations,” as used in this Agreement, are defined in the Note.

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