{"id":40735,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/time-sharing-agreement-ge.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"time-sharing-agreement-ge","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/time-sharing-agreement-ge.html","title":{"rendered":"Time Sharing Agreement – GE"},"content":{"rendered":"

AIRCRAFT TIME SHARING AGREEMENT <\/strong><\/p>\n

THIS TIME SHARING AGREEMENT<\/strong> (this “Agreement”) is entered
\ninto on November 22, 2010 by General Electric Company (“Owner”), a New York
\ncorporation, with principal offices at 3135 Easton Turnpike, Fairfield, CT and
\nJeffrey R. Immelt (“Lessee”).<\/p>\n

BACKGROUND: <\/strong><\/p>\n

A. <\/strong>Owner is the registered owner of certain civil aircraft
\nbearing the United States Registration Numbers and of the types set forth on
\nExhibit A to this Agreement (collectively, the “Aircraft” or individually an
\n“Aircraft”).<\/p>\n

B. <\/strong>Owner employs fully qualified flight crews to operate
\nthe Aircraft; and<\/p>\n

C. <\/strong>From time to time, Lessee may desire to lease the
\nAircraft from Owner for Lessee153s personal travel at Lessee153s discretion on a
\ntime sharing basis as defined in Section 91.501(c)(1) of the Federal Aviation
\nRegulations (“FAR”).<\/p>\n

NOW, THEREFORE,<\/strong> Owner and Lessee agree as follows:<\/p>\n

1.<\/strong> Subject to the terms and conditions of this
\nAgreement, Owner agrees to lease the Aircraft to Lessee for Lessee153s personal
\ntravel at Lessee153s discretion pursuant to the provisions of FAR
\nSection 91.501(c)(1) and to provide a fully qualified flight crew for all
\noperations for flights scheduled in accordance with the terms of this Agreement
\nduring the period commencing on the date of this Agreement and terminating on
\nthe earlier of (a) the termination of this Agreement by consent of Owner and
\nLessee, (b) the date of Lessee153s termination of employment with Owner and
\n(c) the date of Lessee153s death. Owner shall have the right to add or substitute
\naircraft of similar type, quality, and equipment, and to remove aircraft from
\nthe fleet, from time to time during the term of this Agreement. Owner shall send
\nLessee a revised Exhibit A upon each such change in the Aircraft.<\/p>\n

2.<\/strong> Lessee shall pay Owner for each flight conducted
\nunder this Agreement the actual expenses of each specific flight as authorized
\nby FAR Section 91.501(d) as in effect from time to time. On the date of this
\nAgreement these expenses include and are limited to:<\/p>\n<\/p>\n\n\n\n
<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

fuel, oil, lubricants and other additives;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

travel expenses of the crew, including food, lodging and ground
\ntransportation;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

hangar and tie down costs away from the Aircraft153s base of operation;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-1-<\/p>\n<\/p>\n

\n\n\n\n
<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

insurance obtained for the specific flight;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

landing fees, airport taxes and similar assessments;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(f)<\/p>\n<\/td>\n

\n

customs, foreign permit and similar fees directly related to the flight;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(g)<\/p>\n<\/td>\n

\n

in-flight food and beverages;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(h)<\/p>\n<\/td>\n

\n

passenger ground transportation;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

flight planning and weather contract services;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(j)<\/p>\n<\/td>\n

\n

an additional charge equal to one hundred percent (100%) of the expenses
\nlisted in clause (a) above.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

3.<\/strong> Owner will pay all expenses related to the
\noperation of each Aircraft when incurred and will provide quarterly invoices to
\nLessee for the expenses enumerated in Section 2 above. The Owner and Lessee
\nacknowledge that, with the exception of the expenses for in-flight food and
\nbeverages and passenger ground transportation, the payment of these expenses are
\nsubject to the federal excise tax imposed under Section 4261 of the Internal
\nRevenue Code. Lessee shall reimburse Owner for the expenses authorized by FAR
\nSection 91.501(d) plus applicable federal excise taxes within fifteen
\n(15) calendar days after receipt of the related invoice. Owner agrees to collect
\nand remit to the Internal Revenue Service for the benefit of Lessee all such
\nfederal excise taxes.<\/p>\n

4.<\/strong> In the event that Lessee desires to use the
\nAircraft pursuant to this Agreement, Lessee will so notify Owner and will
\nprovide Owner with requests for flight time and proposed flight schedules as far
\nas possible in advance of any given flight. Requests for flight time shall be in
\na form, whether oral or written, mutually convenient to and agreed upon by Owner
\nand Lessee. In addition to proposed schedules and flight times, Lessee shall
\nprovide at least the following information for each proposed flight at some time
\nprior to scheduled departure as required by Owner or Owner’s flight crew:<\/p>\n<\/p>\n\n\n\n
<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

departure point;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

destinations;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

date and time of flight;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

the identity of each anticipated passenger;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(e)<\/p>\n<\/td>\n

\n

the nature and extent of luggage or cargo to be carried;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(f)<\/p>\n<\/td>\n

\n

the date and time of a return flight, if any; and<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-2-<\/p>\n<\/p>\n

\n\n\n\n
<\/td>\n\n

(g)<\/p>\n<\/td>\n

\n

any other information concerning the proposed flight that may be pertinent or
\nrequired by Owner or Owner’s flight crew.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

5.<\/strong> Owner shall have sole and exclusive authority over
\nthe scheduling of the Aircraft, including which Aircraft is used for any
\nparticular flight.<\/p>\n

6.<\/strong> Owner shall be solely responsible for securing
\nmaintenance, preventive maintenance, and required or otherwise necessary
\ninspections on the Aircraft and shall take such requirements into account in
\nscheduling flights of the various Aircraft. No period of maintenance, preventive
\nmaintenance, or inspection shall be delayed or postponed for the purpose of
\nscheduling the Aircraft, unless such maintenance or inspection can be safely
\nconducted at a later time in compliance with all applicable laws and
\nregulations, and within the sound discretion of the pilot-in-command. The
\npilot-in- command shall have final and complete authority to cancel any flight
\nfor any reason or condition that in his or her judgment would compromise the
\nsafety of the flight.<\/p>\n

7.<\/strong> Owner shall be responsible for the physical and
\ntechnical operation of the Aircraft and the safe performance of all flights and
\nshall retain full authority and control, including exclusive operational
\ncontrol, and possession of the Aircraft at all times during the term of this
\nAgreement. Owner shall employ, pay for, and provide to Lessee a qualified flight
\ncrew for each flight undertaken under this Agreement. In accordance with
\napplicable FAR, the qualified flight crew provided by Owner will exercise all
\nrequired and\/or appropriate duties and responsibilities with respect to the
\nsafety of each flight conducted under this Agreement. The pilot-in-command shall
\nhave absolute discretion in all matters concerning the preparation of the
\nAircraft for flight and the flight itself, the load carried and its
\ndistribution, the decision whether or not a flight shall be undertaken, the
\nroute to be flown, the place where landings shall be made and all other matters
\nrelating to operation of the Aircraft. Lessee specifically agrees that the
\nflight crew shall have final and complete authority to delay or cancel any
\nflight for any reason or condition which, in the sole judgment of the
\npilot-in-command, could compromise the safety of the flight and to take any
\nother action which, in the sole judgment of the pilot in command, is
\nnecessitated by considerations of safety. Without limiting the generality of
\nSection 8, no such action of the pilot-in-command shall create or support any
\nliability for loss, injury, damage, or delay to Lessee or any other person.<\/p>\n

8.<\/strong> The Owner and Lessee agree that Owner shall not be
\nliable to Lessee or any other person for loss, injury, or damage occasioned by
\nthe delay or failure to furnish the Aircraft and crew pursuant to this Agreement
\nfor any reason.<\/p>\n

9.<\/strong> The risk of loss during the period when any
\nAircraft is operated on behalf of Lessee under this Agreement shall remain with
\nOwner, and Owner will retain all rights and benefits with respect to the
\nproceeds payable under policies of hull insurance maintained by Owner that may
\nbe payable as a result of any incident or occurrence while an Aircraft is being
\noperated on behalf of Lessee under this Agreement. Lessee shall be named as an
\nadditional insured on aviation liability insurance policies<\/p>\n<\/p>\n

-3-<\/p>\n<\/p>\n

\n

maintained by Owner on the Aircraft with respect to flights conducted
\npursuant to this Agreement. The liability insurance policies on which Lessee is
\nnamed an additional insured shall provide that as to Lessee coverage shall not
\nbe invalidated or adversely affected by any action or inaction, omission or
\nmisrepresentation by Owner or any other person (other than Lessee). Any hull
\ninsurance policies maintained by Owner on any Aircraft used by Lessee under this
\nAgreement shall include a waiver of any rights of subrogation of the insurers
\nagainst Lessee.<\/p>\n

10.<\/strong> A copy of this Agreement shall be carried in the
\nAircraft and available for review upon the request of the FAA on all flights
\nconducted pursuant to this Agreement.<\/p>\n

11.<\/strong> Lessee represents, warrants and covenants to Owner
\nthat:<\/p>\n<\/p>\n\n\n\n
<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

he will use each Aircraft for and on his own account only and will not use
\nany Aircraft for the purposes of providing transportation of passengers or cargo
\nin air commerce for compensation or hire;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

he shall refrain from incurring any mechanics or other lien in connection
\nwith inspection, preventative maintenance, maintenance or storage of the
\nAircraft, whether permissible or impermissible under this Agreement, and he
\nshall not attempt to convey, mortgage, assign, lease or any way alienate the
\nAircraft or create any kind of lien or security interest involving the Aircraft
\nor do anything or take any action that might mature into such a lien;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

during the term of this Agreement, he will abide by and conform to all such
\nlaws, governmental, and airport orders, rules, and regulations as shall from
\ntime to time be in effect relating in any way to the operation and use of the
\nAircraft by a time-sharing lessee.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

12.<\/strong> For purposes of this Agreement, the permanent base
\nof operation of the Aircraft shall be Stewart Newburgh Airport, 169 Route 17K,
\nNewburgh, NY, unless changed by Owner, in which event Owner shall notify Lessee
\nof the new permanent base of operation of the Aircraft.<\/p>\n

13.<\/strong> Owner and Lessee agree with respect to the
\nfollowing indemnification provisions:<\/p>\n<\/p>\n\n\n\n
<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Owner hereby indemnifies Lessee and agrees to hold harmless
\nLessee from and against any liabilities, obligations, losses (excluding loss of
\nanticipated profits), damages, claims, actions, suits, costs, expenses and
\ndisbursements (“Losses”) imposed on, incurred by or asserted against Lessee
\narising out of or resulting from the ownership, lease, maintenance, repair,
\npossession, use, operation, condition, or other disposition or application of
\nthe<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-4-<\/p>\n<\/p>\n

\n\n\n\n
<\/td>\n\n

Aircraft. Owner153s obligation to indemnify Lessee under this Section 13 shall
\nnot, however, extend to any Loss (i) resulting from the willful misconduct or
\ngross negligence of Lessee, (ii) to the extent such Loss is a direct result of
\nany failure of Lessee to comply with any covenants required to be performed or
\nobserved by him under this Agreement, or (iii) to the extent such Loss is a
\ndirect result of any breach by Lessee of any of Lessee153s warranties or
\nrepresentations contained in this Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Lessee hereby indemnifies Owner and agrees to hold harmless Owner from and
\nagainst any Losses imposed on, incurred by or asserted against Owner (i) arising
\nout of or resulting from the willful misconduct or gross negligence of Lessee,
\n(ii) to the extent such Loss is a direct result of any failure of Lessee to
\ncomply with any covenants required to be performed or observed by him, or
\n(iii) to the extent such Loss is a direct result of any breach by Lessee of any
\nof Lessee153s warranties or representations contained in this Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

Losses shall be determined after taking into account the available proceeds
\nof any applicable insurance policies.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

14. <\/strong>Neither this Agreement nor any party153s interest in
\nthis Agreement shall be assignable to any other person or entity.<\/p>\n

15. <\/strong>This Agreement shall be governed by and construed
\nin accordance with the laws of New York (excluding the conflicts of law rules
\nthereof).<\/p>\n

16. <\/strong>This Agreement constitutes the entire understanding
\nbetween Owner and Lessee with respect to its subject matter, and there are no
\nrepresentations, warranties, conditions, covenants, or agreements other than as
\nset forth expressly herein. Any changes or modifications to this Agreement must
\nbe in writing and signed by authorized representatives of both parties. This
\nAgreement may be executed in counterparts, which shall, singly or in the
\naggregate, constitute a fully executed and binding agreement.<\/p>\n

17. <\/strong>Any notice, request, or other communication to any
\nparty by the other party under this Agreement shall be conveyed in writing and
\nshall be deemed given on the earlier of the date (i) notice is personally
\ndelivered with receipt acknowledged, (ii) a facsimile notice is transmitted, or
\n(iii) three (3) calendar days after notice is mailed by certified mail, return
\nreceipt requested, postage paid, and addressed to the party at the address set
\nforth below. The address of a party to which notices or copies of notice are to
\nbe given may be changed from time to time by such party by written notice to the
\nother party.<\/p>\n<\/p>\n

-5-<\/p>\n<\/p>\n

\n

General Electric Company<\/p>\n

3135 Easton Turnpike<\/p>\n

Fairfield, CT 06828<\/p>\n

Attention: General Counsel<\/p>\n

Fax: 1-203-373-3225<\/p>\n

18. <\/strong>If any one or more of the provisions of the
\nAgreement shall be held invalid, illegal, or unenforceable, the remaining
\nprovisions of this Agreement shall be unimpaired, and the invalid, illegal, or
\nunenforceable provision shall be replaced by a mutually acceptable provision,
\nwhich, being valid, legal, and enforceable, comes closest to the intention of
\nthe parties underlying the invalid, illegal, or unenforceable provision. To the
\nextent permitted by applicable law, the parties hereby waive any provision of
\nlaw, which renders any provision of this Agreement prohibited or unenforceable
\nin any respect.<\/p>\n

19. <\/strong>NEITHER OWNER (NOR ITS AFFILIATES) MAKES, HAS MADE
\nOR SHALL BE DEEMED TO MAKE OR HAVE MADE, AND OWNER (FOR ITSELF AND ITS
\nAFFILIATES) HEREBY DISCLAIMS, ANY WARRANTY OR REPRESENTATION, EITHER EXPRESS OR
\nIMPLIED, WRITTEN OR ORAL, WITH RESPECT TO ANY AIRCRAFT TO BE USED HEREUNDER OR
\nANY ENGINE OR COMPONENT THEREOF INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS
\nTO DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF MATERIALS OR WORKMANSHIP,
\nMERCHANTABILITY, FITNESS FOR ANY PURPOSE, USE OR OPERATION, AIRWORTHINESS,
\nSAFETY, PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT OR TITLE.<\/p>\n

20. With respect to the Truth in leasing requirements of FAR
\nSection 91.23: <\/strong><\/p>\n<\/p>\n\n\n\n
<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

Owner will provide a copy of this agreement to the Federal Aviation
\nAdministration, Technical Section, in Oklahoma City, Oklahoma within twenty-four
\nhours of its execution. In addition, Owner will notify the FAA flight standards
\ndistrict office nearest its aircraft153s home base and provide it with a copy of
\nthis agreement at least forty-eight (48) hours before takeoff of a flight
\noperated pursuant to this agreement informing the FAA of (i) the location of the
\nairport of departure; (ii) the departure time; and (iii) the registration number
\nof the aircraft involved;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

Truth in leasing statement under FAR Section 91.23:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

OWNER HEREBY CERTIFIES THAT EACH AIRCRAFT HAS BEEN INSPECTED AND
\nMAINTAINED WITHIN THE TWELVE (12) MONTH PERIOD PRECEDING THE DATE OF THIS
\nAGREEMENT, EXCEPT TO THE EXTENT THE<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-6-<\/p>\n<\/p>\n

\n\n\n\n
<\/td>\n\n

AIRCRAFT IS LESS THAN TWELVE (12) MONTHS OLD, IN ACCORDANCE WITH THE
\nPROVISIONS OF FAR PART 91 AND ALL APPLICABLE REQUIREMENTS FOR THE MAINTENANCE
\nAND INSPECTION THEREUNDER HAVE BEEN MET.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

OWNER AGREES, CERTIFIES, AND KNOWINGLY ACKNOWLEDGES THAT WHEN THE AIRCRAFT IS
\nOPERATED UNDER THIS AGREEMENT, OWNER SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN
\nFACT BE THE OPERATOR OF THE AIRCRAFT.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FARS
\nCAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE, GENERAL
\nAVIATION DISTRICT OFFICE, OR AIR CARRIER DISTRICT OFFICE.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IN WITNESS WHEREOF,<\/strong> Owner and Lessee caused the signatures
\nof their authorized representatives to be affixed below on the day and year
\nfirst above written.<\/p>\n

GENERAL ELECTRIC COMPANY <\/strong><\/p>\n<\/p>\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

By<\/p>\n<\/td>\n

<\/td>\n\n

\/s\/ John Lynch<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Name:<\/p>\n<\/td>\n

<\/td>\n\n

John Lynch<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Title:<\/p>\n<\/td>\n

<\/td>\n\n

Senior Vice President, Human Resources<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

By<\/p>\n<\/td>\n

<\/td>\n\n

\/s\/ Jeffrey R. Immelt<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Name:<\/p>\n<\/td>\n

<\/td>\n\n

Jeffrey R. Immelt<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n\n

Title:<\/p>\n<\/td>\n

<\/td>\n\n

Chairman of the Board<\/p>\n

and Chief Executive Officer<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

-7-<\/p>\n<\/p>\n

\n

Exhibit A<\/u> <\/strong><\/p>\n

Dated: November 15, 2010<\/u> <\/strong><\/p>\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
United States Registration Number<\/u><\/td>\n<\/td>\nAircraft Type<\/u><\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

N362G<\/p>\n<\/td>\n

<\/td>\n\n

Sikorsky 76B<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

N363G<\/p>\n<\/td>\n

<\/td>\n\n

Sikorsky 76B<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

N372G<\/p>\n<\/td>\n

<\/td>\n\n

Challenger 604<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

N373G<\/p>\n<\/td>\n

<\/td>\n\n

Challenger 604<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

N374G<\/p>\n<\/td>\n

<\/td>\n\n

Challenger 604<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

N375G<\/p>\n<\/td>\n

<\/td>\n\n

Global Express<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
\n

N379G<\/p>\n<\/td>\n

<\/td>\n\n

Global Express<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

N376G<\/p>\n<\/td>\n

<\/td>\n\n

Global 5000<\/p>\n<\/td>\n

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