PURCHASE MONEY PROMISSORY NOTE AND SECURITY AGREEMENTPurchase Money Promissory Note and Security Agreement • November 21st, 2011 • General Aircraft Inc.
For good and valuable consideration, General Aircraft, Inc., a Nevada corporation, (“Maker”), hereby makes and delivers this Purchase Money Promissory Note and Security Agreement (this “Note”) in favor of Western Intermountain Holdings Trust, or its assigns (“Holder”), and hereby agrees as follows:
Aircraft Use/Management Agreement Elite Aviation VGT, LLCAircraft Use/Management Agreement • November 21st, 2011 • General Aircraft Inc. • Nevada
This use/management agreement is made and effective this 1st day of September in the year 2011 by and between General Aircraft, Inc. (Owner), located at 2634 Airport Drive, #103, North Las Vegas, NV 89032, and Elite Aviation VGT LLC
