FIRST AMENDMENTFirst Amendment • July 19th, 2016 • Air T Inc • Air courier services • North Carolina
This FIRST AMENDMENT (this “Amendment”) dated as of July 15, 2016 to the Credit Agreement referenced below is by and among AIR T, INC., a Delaware corporation (“Air T”), MOUNTAIN AIR CARGO, INC., a North Carolina corporation (“Mountain Air”), GLOBAL GROUND SUPPORT, LLC, a North Carolina limited liability company (“Global Ground”), CSA AIR, INC., a North Carolina corporation (“CSA”), GLOBAL AVIATION SERVICES, LLC, a North Carolina limited liability company (“Global Aviation”), AIR T GLOBAL LEASING, LLC, a North Carolina limited liability company (“Air T Leasing” and together with Air T, Mountain Air, Global Ground, CSA and Global Aviation, each a “Borrower” and collectively, the “Borrowers”), and BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (the “Bank”). Capitalized terms used herein but not otherwise defined herein shall have the meanings provided to such terms in the Credit Agreement (as defined below).
Credit Agreement dated as of July 18, 2016 between CONTRAIL AVIATION SUPPORT, LLC and BMO HARRIS BANK N.A.Credit Agreement • July 19th, 2016 • Air T Inc • Air courier services • Wisconsin
This Credit Agreement is entered into as of July 18, 2016, by and between Contrail Aviation Support, LLC, a North Carolina limited liability company (“Borrower”), and BMO Harris Bank N.A., a national banking association (“Bank”). All capitalized terms used herein without definition shall have the meanings ascribed thereto in Section 1.1.
FIRST AMENDED AND RESTATED OPERATING AGREEMENT OF CONTRAIL AVIATION SUPPORT, LLC (A North Carolina limited liability company) DATED: Effective as of July 18, 2016Operating Agreement • July 19th, 2016 • Air T Inc • Air courier services • North Carolina
THIS FIRST AMENDED AND RESTATED OPERATING AGREEMENT of CONTRAIL AVIATION SUPPORT, LLC, (the “Company”), is executed effective as of July 18, 2016, by and among the Company and the persons executing this Agreement as the Members (as defined below).
ASSET PURCHASE AGREEMENT BETWEEN CONTRAIL AVIATION SUPPORT, LLC (the “Buyer”) and CONTRAIL AVIATION SUPPORT, INC. (the “Seller”) and JOSEPH KUHN, (the “Shareholder”) Dated as of July 18, 2016Asset Purchase Agreement • July 19th, 2016 • Air T Inc • Air courier services • Wisconsin
This Asset Purchase Agreement, dated as of July 18, 2016, is between CONTRAIL AVIATION SUPPORT, LLC, a North Carolina limited liability company (the “Buyer”), CONTRAIL AVIATION SUPPORT, INC., a Wisconsin corporation (the “Seller”), and JOSEPH KUHN, an individual resident of the State of Wisconsin, the sole shareholder of the Seller (the “Shareholder”).
