0001010412-07-000199 Sample Contracts

MASTER LEASE AGREEMENT NO. MEF0613
Master Lease Agreement • August 10th, 2007 • Alpine Air Express Inc/De • Air transportation, nonscheduled • Utah

This Master Lease Agreement, together with its definition exhibit, Exhibit "A", attached hereto and made a part hereof by reference, is made on July 19, 2007 between Lessor, with its principal office at 6975 Union Park Center, Suite 200, Midvale, UT 84047, and Lessee, a corporation organized in the state of Utah, with its chief executive office located at 1177 Alpine Air Way Provo, Utah 84601.

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LEASE SCHEDULE NO. 001
Alpine Air Express Inc/De • August 10th, 2007 • Air transportation, nonscheduled

This Lease Schedule No. 001 dated July 19, 2007 (the “Schedule”) between MARQUETTE EQUIPMENT FINANCE, LLC (the “Lessor”) and ALPINE AVIATION, INC. (the “Lessee”) incorporates by reference the terms and conditions of Master Lease Agreement No. MEF0613 dated July 19, 2007 (the “Master Lease Agreement”), Exhibit A hereto (the “Property Description”) and Exhibit B hereto (the “Casualty Loss Schedule”), and constitutes a separate lease between Lessor and Lessee and is referred to herein as the “Lease”. All capitalized terms used herein but not defined herein shall have the same meanings ascribed to them in the Lease.

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