AIG AEROSPACE INSURANCE SERVICES, INC. · 4,694 special drawing rights per passenger for delayed carriage of passengers arising from an insured occurrence, damages otherwise arising

AIG AEROSPACE INSURANCE SERVICES, INC.CERTIFICATE OF INSURANCE

THIS IS TO CERTIFY TO:

THAT THE FOLLOWING POLICY/IES OF INSURANCE HAS/HAVE BEEN ISSUED TO:

POLICY NO.POLICY PERIOD: FromINSURANCE COMPANY

to

Coverage only applies as indicated by a specific limit and deductible.

LIMITS OF LIABILITY

$

Certificate No.

Date of Issue

GLD30 (03/10)

By(Authorized Representative)

$$

$$$Make & Model

Deductibles

OTHER COVERAGES/CONDITIONS/REMARKS

LIABILITY COVERAGES

WHOM IT MAY CONCERN

The Aviation Managers have made provision to give the certificate holder prompt notice of cancellation of any policy above. But, the Aviation Managers assume no responsibility for failure to provide such notice. This certificate does not change in any way the actual coverages provided by the policy/ies specified above.

FAA Cert. Number

Not In-Motion

In-Motion/Ingestion

Coverage A:

Coverage X:

Coverage N:

Liability Coverage for Scheduled Aircraft

Medical Expenses with respect to any Scheduled Aircraft:Each Non-Crew Member Passenger:Each Crew Member:

Physical Damage Coverage for Scheduled Aircraft

Each Occurrence

Each OccurrenceEach Occurrence

SeatsCrew / Pass

YearBuilt

Insured Value

FIRST SOUTHEAST AVIATION CORP. (OWNER)ELITE AIR, INC. (OPERATOR)4401 W. KENNEDY BLVD, SUITE 160TAMPA, FL 33609

GM 003791877-50September 26, 2015 September 26, 2017

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA

275,000,000.

150,000.150,000.

N50DS GLOBAL EXPRESS 5000 2004 3 14 19,400,000. NIL NIL

1

September 30, 2015 MJS





to


LIMITS OF LIABILITY

$

Certificate No.

Date of Issue

GLD30 (03/10)


$$

$$$Make & Model

Deductibles


LIABILITY COVERAGES

WHOM IT MAY CONCERN

SEE ATTACHMENTS FOR ADDITIONAL WORDING


FAA Cert. Number

Not In-Motion

In-Motion/Ingestion

Coverage A:

Coverage X:

Coverage N:




Each Occurrence


SeatsCrew / Pass

YearBuilt

Insured Value




275,000,000.

150,000.150,000.

N50DS GLOBAL EXPRESS 5000 2004 3 14 19,400,000. NIL NIL

4


CERTIFICATE OF INSURANCERegulation (EC) No. 785/2004, 103 LuftVZO, 45-47 LuftVZO

We, AIG Aerospace Insurance Services, Inc., on behalf of

Name of Insurance Company

herewith certify that for

Policy Number:

Name of Carrier

·

·

·

·

.

HOWEVER COMBINED THE COVERAGE SHALL NOT EXCEED$ USD.

This insurance coverage is valid from: to .

Attachment toCertificate No.

Date of Issue By(Authorized Representative)

GLD951 (07/10)

A liability insurance contract to cover bodily injury, damage to baggage and cargo and damage caused by delay has been concluded. It applies to all passengers carried aboard an aircraft scheduled in this certificate of insurance while operated by the above mentioned air carrier anywhere in the ..

The insurance coverage pursuant to Article 6 of the regulation (EC) no. 785/2004 and § 103 LuftVZO (air navigation certification order) combined with §§ 45-47 LuftVG (air navigation act) is as follows:

1,131 special drawing rights per passenger for damage to baggage and delayed carriage of baggage from an insured occurrence, damages otherwise arising are self-insured by the above mentioned air carrier.

4,694 special drawing rights per passenger for delayed carriage of passengers arising from an insured occurrence, damages otherwise arising are self-insured by the above mentioned air carrier.

We, AIG Aerospace Insurance Services, Inc., herewith declare that the insurance company named above is licensed as an insurer in the United States of America.

19 special drawing rights per kilogram for damage to cargo.

and property damage.

250,000 special drawing rights per passenger for bodily injury.

special drawing rights per occurrence and per aircraft third party bodily injury

A certificate of insurance is issued as a matter of information only and confers no rights upon the certificate holder. A certificate of insurance does not amend, extend, or alter the coverage, terms, exclusions, conditions, or other provisions afforded by the policies referenced therein.


FIRST SOUTHEAST AVIATION CORP. (OWNER)ELITE AIR, INC. (OPERATOR)

GM 003791877-50

150,000,000.

250,000,000.

September 26, 2015 September 26, 2017

4


C E R T I F I C A T E O F I N S U R A N C ER e g u l a t i o n ( E C ) N o . 7 8 5 / 2 0 0 4W e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . o n b e h a l f o fN a m e o f I n s u r a n c e C o m p a n yP o l i c y N u m b e r :A t h i r d p a r t y l i a b i l i t y i n s u r a n c e t o c o v e r p e r s o n a l i n j u r y a n d d a m a g e t o p r o p e r t y a r i s i n g d u r i n g t h e o p e r a t i o n o ft h e a i r c r a f t T y p e , s e r i a l n u m b e r , r e g is t r a t io n m a r k a n d m a x i m u m t a k e ß o f f m a s s ( M T O W )t o t h i r d p e r s o n s o r p r o p e r t y n o t c a r r i e d a b o a r d t h e a i r c r a f t h a s b e e n c o n c l u d e d .T h e i n s u r a n c e s u m p e r a i r c r a f t a n d o c c u r r e n c e o f d a m a g e , i n c o m p l i a n c e w i t h t h e R e g u l a t i o n ( E C ) n o . 7 8 5 / 2 0 0 4o f 2 1 A p r i l 2 0 0 4 ,i n $ U S D , m e e t i n g a i r c r a f t S D R r e q u i r e m e n t a t d a t e o f i s s u e .T h i s i n s u r a n c e c o v e r a g e i s v a l i d f r o m : t o .G L D 9 5 2 ( 0 4 / 0 5 )A t t a c h m e n t t oC e r t i f i c a t e N o .D a t e o f I s s u e B y ( A u t h o r i z e d R e p r e s e n t a t i v e )

N a m e o f C a r r ie rf o rc e r t i f y t h a th e r e w i t hN 5 0 D S Ð 2 0 0 4 B O M B A R D I E R G L O B A L 5 0 0 0 , N / N 9 1 4 0 2 M T O W 3 9 , 7 8 0W e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . , h e r e w i t h d e c l a r e t h a t t h e i n s u r a n c e c o m p a n y n a m e d a b o v e i sl i c e n s e d a s a n i n s u r e r i n t h e U n i t e d S t a t e s o f A m e r i c a .

A c e r t i f i c a t e o f i n s u r a n c e i s i s s u e d a s a m a t t e r o f i n f o r m a t i o n o n l y a n d c o n f e r s n o r i g h t s u p o n t h ec e r t i f i c a t e h o l d e r . A c e r t i f i c a t e o f i n s u r a n c e d o e s n o t a m e n d , e x t e n d , o r a l t e r t h e c o v e r a g e , t e r m s ,e x c l u s i o n s , c o n d i t i o n s , o r o t h e r p r o v i s i o n s a f f o r d e d b y t h e p o l i c i e s r e f e r e n c e d t h e r e i n .

T h e i n s u r a n c e s u m i n c l u d e s c o n s e q u e n t i a l d a m a g e c a u s e d b y W a r a n d T e r r o r i s m a c c o r d i n g t o a r t i c l e 7 o f t h eR e g u l a t i o n ( E C ) N o . 7 8 5 / 2 0 0 4 .N A T I O N A L U N I O N F I R E I N S U R A N C E C O M P A N Y O F P I T T S B U R G H , P AF I R S T S O U T H E A S T A V I A T I O N C O R P . ( O W N E R )E L I T E A I R , I N C . ( O P E R A T O R )G M 0 0 3 7 9 1 8 7 7 V 5 0

2 7 5 , 0 0 0 , 0 0 0 . S e p t e m b e r 2 6 , 2 0 1 5 S e p t e m b e r 2 6 , 2 0 1 74S e p t e m b e r 3 0 , 2 0 1 5 M J S

CERTIFICATE OF INSURANCE - GERMANYArticles 21 and 22 of Montreal Convention, Regulation (EC) No. 785/2004,

and 103 LuftVZO, 45-47 LuftVZO


Name of Carrier

1.

2.

UE1265 (02/12) Page 1

This is to certify that we, AIG Aerospace Insurance Services, Inc., on behalf of

have issued policies of aviation liability insurance to cover bodily injury and/or property damage and/or delay in respect of passengers, baggage, cargo and third parties in the name of:

covering their fleet of aircraft against the following risks and up to the limits stated while operating within, into, out of or over the territory of Germany.

Policy Limit - Combined Single Limit (Bodily Injury / Property Damage) of USD $ 275,000,000. per occurrence any one aircraft.

Pursuant to Articles 21 and 22 of the Montreal Convention, of 1999; Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45-47 LuftVG (air navigation act), the above Combined Single Limit is sufficient to cover the sum of the following amounts of insurance, per occurrence:

150,000,000. per occurrence for aircraft third party bodily injury and property damage.

250,000 per passenger for bodily injury.

4,694 for delay in carriage of passengers arising from an insured occurrence, damages otherwise arising are self-insured by the above-mentioned air carrier.

1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence,damages otherwise arising are self-insured by the above-mentioned air carrier.

19 per kilogram for damage to cargo.

SDR

SDR

SDR

SDR

SDR

Coverage for war, terrorism and allied perils under Third Party Legal Liability is pursuant to Regulation (EC) 785/2004 Article 7 and limited to USD $ 275,000,000. any one occurrence and in the annual aggregate in respect of coverage provided by AVN52E.




Date of Issue

UE1265 (02/12)


Page 2

IT IS FURTHER CERTIFIED THAT the amounts of insurance stated above are in accordance with the minimum insurance coverage requirements of Articles 21 and 22 of the Montreal Convention of 1999; Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45-47 LuftVG (air navigation act), based on; (a) this policy being insured in USD and any rate of exchange movement between USD and Special Drawing Rights during the period of this insurance shall not exceed the Combined Single Limit (as per Paragraph 1 above) and third party war, terrorism and allied perils limits (as per Paragraph 2 above) evidenced hereby (b) third party war, terrorism and allied perils being insured on an aggregate basis as above, and (c) it being understood that such aggregate limits may be reduced or exhausted during the policy period by virtue of claims made against aircraft or other operational interest covered by the insurances.

Subject to the terms, conditions, limitations, deductibles, exclusions and cancellation provisions of the relative Policy Number(s) GM 003791877-50 .

This insurance coverage is valid from: September 26, 2015 to September 26, 2017 .



4


CERTIFICATE OF INSURANCE - ITALYAir Carriers Aviation Liabilities pursuant to E.U. Regulation 785/2004

Insured Airline

Policy period: starting endingGeographical limitation

or

or

Aircraft Type Registration Third Party Minimum InsuranceSDRSDRSDR

AIG Aerospace Insurance Services, Inc. on behalf of

(Name of Insurance Company)

UE1036 (01/10) Page 1 of 2

In consideration of premium of $ , this policy is amended as follows:

has placed policy number(s) of aviation specific liability insurance in respect of passengers, baggage, cargo and third parties as follows when operating within, into and out of Italy with certain Insurers, whose name and participation are held on file by AIG Aerospace Insurance Services, Inc. and who have each authorized AIG Aerospace Insurance Services, Inc. to issue this Certificate on their behalf.

Such Insurance is subject to a Combined Single Limit of Liability that is sufficient to cover the sum of the following amounts:

Minimum liability in respect of each passenger: SDR 250.000Minimum liability in respect of baggage per passenger: SDR 1.131Minimum liability in respect of each kilogram of cargo: SDR 19

Third party minimum liability for each and every aircraft, per accident covering also damages due to risks of war or terrorism:

SDR covering all attached owned fleet of the carrier

SDR covering all attached fleet of the carrier both owned and operated

if the minimum amount coverage is related to the single aircraft:

(Additional aircraft to be detailed in attachment)

This certificate cancels and replaces any existing Insurance Certificate issued to ENAC in the name of the Insured Airline.

All the minimum liability amounts stated above also cover damage due to the risks of war, terrorism, hi-jacking, acts of sabotage, unlawful seizure of aircraft and civil commotion as per Clause AVN52E. Third party cover under AVN52E is subject to an aggregate limit which may be placed over two or more separate policies as indicated by the policy numbers above. All the above risks are insured within their specific terms and conditions of coverage. The above mentioned policy(ies) is/are in accordance with the Regulation (CE) 785/2004 minimum sums insured legally required, specified as above, and as increased effective 1 January 2010 pursuant to a revision of the Montreal Convention 1999 Limitation of Liability.

AN ADDITIONAL INCLUDED


GM 003791877-50


September 26, 2015 September 26, 2017WORLDWIDE

X

BOMBARDIER GLOBAL 5000 N50DS 150,000,000.



UE1036 (01/10) Page 2

In case of insurance interruption or modification of the minimum liability amounts before the above expiration date, the insurer will have to notify ENAC the cancellation or variation of the contract.

It is further certified that the above mentioned policy(ies) comply with the requirements of Regulation (CE) 785/2004 and Art. 798 of the Italian Air Navigation Code, recognizing that, as stated above, cover under AVN52E may be provided by two or more separate policies to provide the required minimum liability amount.


4


CERTIFICATE OF INSURANCE - UAE


Name of Carrier

1.

2.

UE1266 (2/10) Page 1


have issued policies of aviation liability insurance to cover bodily injury and/or property damage in respect of passengers, baggage, cargo and third parties in the name of:

covering their fleet of aircraft against the following risks and up to the limits stated while operating to, from or over the territory of UAE.

Policy Limit - Combined Single Limit (Bodily Injury / Property Damage) of USD $ per occurrence any one aircraft.

Pursuant to Article 50 of the Montreal Convention 1999 and Article 7(6) of the UAE Civil Aviation Law No. 20 of 1991, the above Combined Single Limit is sufficient to cover the sum of the following amounts of insurance, per occurrence:


250,000 per passenger for bodily injury. However, in respect of non-commercial operations by aircraft with a MTOM of 2,700 kg or less, the SDR amount per passenger for bodily injury shall be 100,000.


1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence, damages otherwise arising are self-insured by the above-mentioned air carrier.


SDR

SDR

SDR

SDR

SDR

Coverage for War Risks and Allied Perils under Third Party Legal Liability is provided in accordance with the Extended Coverage Endorsement (AVN52E) by a combination of policies providing a Combined Single Sub-Limit (Bodily Injury / Property Damage) of USD $ 275,000,000. any one occurrence, each aircraftand subject to an overall annual aggregate limit of USD $275,000,000.. However, this aggregation of limit shall not apply to cargo and mail while on board an aircraft, passengers and passenger baggage.




Date of Issue

UE1266 (2/10)


Page 2

IT IS FURTHER CERTIFIED THAT the amounts of insurance stated above are in accordance with Article 50 of the Montreal Convention 1999 and Article 7(6) of the UAE Civil Aviation Law No. 20 of 1991, based on; (a) this policy being insured in USD and any rate of exchange movement between USD and Special Drawing Rights during the period of this insurance shall not exceed the Combined Single Limit (as per Paragraph 1 above) and Third Party War Risks and Allied Perils Limits (as per Paragraph 2 above) evidenced hereby (b) third party war, terrorism and allied perils being insured on an aggregate basis as above, and (c) it being understood that such aggregate limits may be reduced or exhausted during the policy period by virtue of claims made against aircraftor other operational interest covered by the insurances.





4


Insurance covering air carrier liability to passengers and public liability

1.

effective from[day] [month] [year]

to[day] [month] [year]

2.

3.related to the operation of a

Passenger:

Public:

Single Limit Coverage:

No.Certificate

By:

ONTNTA-71

[name and address of air carrier]

[name, address and participation percentages of insurer or insurers]

service in the following amounts:

The air carrier has been insured against the risks described in section 2 for every incident or accident

Certificate ofInsurance

673/L4/12-11 of 3 pages

%

[domestic, international, or domestic and international]

This is to certify that: (insurer)

has/have issued the policies listed in this certificate covering risks of liability to passengers andpublic liability to: (air carrier)

The insurer has assumed, under the policies listed in this certificate, liability insurance covering risks of injury to or death of passengers and insurance covering risks of public liability in accordance with the requirements of section 7 of the Air Transportation Regulations.

Type of Liability Amount Policy No.

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PAAIG AEROSPACE INSURANCE SERVICES, INC.

100 COLONY SQUARE, SUITE 1000 1175 PEACHTREE ST., NEATLANTA, GA 30361 100


26 September 2015

26 September 2017

INTERNATIONAL

SEE ATTACHED GM 003791877-50

1

6.

b.

a.

c.

[day] [month] [year][signature]

On behalf of the Insurer:

5.

b.

[domestic, international, or domestic and international]a. services; or

4.

673/L4/12-12 of 3 pages

is registered and/or licensed in Canada to issue aircraft insurance policies; or

is licensed or approved by a foreign government to issue aircraft insurance policies.

all aircraft operated by the air carrier in

services operated by the air carrier with the following aircraft:

Certificate of Insurance


The insurer (check one):

The policies listed in this certificate insure (fill in the appropriate service in either a. or b.):

The insurer undertakes to notify the Secretary of the Canadian Transportation Agency forthwithin writing when:

the air carrier's coverage has been cancelled or is intended to be cancelled;

the air carrier's coverage has been altered or is intended to be altered in a manner that results in the failure by the air carrier to comply with section 7 of the Air Transportation Regulations; or

the air carrier's operations have been changed or are intended to be changed in a manner that results in the failure by the air carrier to comply with section 7 of the Air Transportation Regulations.

Registration Marking Type and Model

INTERNATIONAL

N50DS GLOBAL EXPRESS 5000

N173DS LEAR 40XR

X

5 October, 2015


a.

b.

c.

Registrationmarking

Type and model No.of passengerseats insured

Amount ofpassenger liability

Amount of publicliability

[policy number]

Attachment

which is issued on one or more of the following conditions:The air carrier has been insured against the risks described in section 2 under Policy No.

the aircraft are as described, and are insured for the amounts shown, in the table below;

the aircraft will be used for the following purposes:

Name of Air Carrier:

3 of 3 pages 673/L4/12-1

You can fill out this form electronically and save a copy for your files.

Once completed,

1. You may send an advance copy by fax to819-953-5562 or 819-953-8798

2. You must print and submit an original hard copy withsignatures.

Attn: Secretary Canadian Transportation Agency

By mail OR By courier

Ottawa, Ontario 15 Eddy StreetCanada K1A 0N9 Gatineau, Québec

Canada J8X 4B5

Filing directions:(1) An original of this certificate and any notification made pursuant to section 5 are to be filed with the Secretary, Canadian Transportation Agency, Ottawa, Ontario, Canada K1A 0N9.(2) An air carrier may file a certificate that contains one or more of the three conditions and the table set out in the attachment hereto.

the number of passengers carried does not exceed the number of passenger seatsinsured for each aircraft as shown in the table below; and


GM 003791877-50

N50DS GLOBAL EXPRESS 5000 14 275,000,000. 275,000,000.N173DS LEAR 40XR 9 250,000,000. 250,000,000.





to


LIMITS OF LIABILITY

$

Certificate No.

Date of Issue

GLD30 (03/10)


$$

$$$Make & Model

Deductibles


LIABILITY COVERAGES

WHOM IT MAY CONCERN


FAA Cert. Number

Not In-Motion

In-Motion/Ingestion

Coverage A:

Coverage X:

Coverage N:




Each Occurrence


SeatsCrew / Pass

YearBuilt

Insured Value




250,000,000.

150,000.150,000.

N173DS LEAR 40XR 2008 2 7 3,600,000. NIL NIL

3






to


LIMITS OF LIABILITY

$

Certificate No.

Date of Issue

GLD30 (03/10)


$$

$$$Make & Model

Deductibles


LIABILITY COVERAGES

WHOM IT MAY CONCERN

SEE ATTACHMENT FOR ADDITIONAL WORDING


FAA Cert. Number

Not In-Motion

In-Motion/Ingestion

Coverage A:

Coverage X:

Coverage N:




Each Occurrence


SeatsCrew / Pass

YearBuilt

Insured Value




250,000,000.

150,000.150,000.

N173DS LEAR 40XR 2008 2 7 3,600,000. NIL NIL

5


C E R T I F I C A T E O F I N S U R A N C ER e g u l a t i o n ( E C ) N o . 7 8 5 / 2 0 0 4 , 1 0 3 L u f t V Z O , 4 5 5 4 7 L u f t V Z OW e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . , o n b e h a l f o fN a m e o f I n s u r a n c e C o m p a n yh e r e w i t h c e r t i f y t h a t f o rP o l i c y N u m b e r : N a m e o f C a r r ie r��.H O W E V E R C O M B I N E D T H E C O V E R A G E S H A L L N O T E X C E E D $ U S D .T h i s i n s u r a n c e c o v e r a g e i s v a l i d f r o m : t o .A t t a c h m e n t t oC e r t i f i c a t e N o .D a t e o f I s s u e B y ( A u t h o r i z e d R e p r e s e n t a t i v e )G L D 9 5 1 ( 0 7 / 1 0 )

A l i a b i l i t y i n s u r a n c e c o n t r a c t t o c o v e r b o d i l y i n j u r y , d a m a g e t o b a g g a g e a n d c a r g o a n d d a m a g e c a u s e d b y d e l a yh a s b e e n c o n c l u d e d . I t a p p l i e s t o a l l p a s s e n g e r s c a r r i e d a b o a r d a n a i r c r a f t s c h e d u l e d i n t h i s c e r t i f i c a t e o fi n s u r a n c e w h i l e o p e r a t e d b y t h e a b o v e m e n t i o n e d a i r c a r r i e r a n y w h e r e i n t h e . .T h e i n s u r a n c e c o v e r a g e p u r s u a n t t o A r t i c l e 6 o f t h e r e g u l a t i o n ( E C ) n o . 7 8 5 / 2 0 0 4 a n d § 1 0 3 L u f t V Z O ( a i rn a v i g a t i o n c e r t i f i c a t i o n o r d e r ) c o m b i n e d w i t h § § 4 5 ÷ 4 7 L u f t V G ( a i r n a v i g a t i o n a c t ) i s a s f o l l o w s :1 , 1 3 1 s p e c i a l d r a w i n g r i g h t s p e r p a s s e n g e r f o r d a m a g e t o b a g g a g e a n d d e l a y e d c a r r i a g e o f b a g g a g e f r o ma n i n s u r e d o c c u r r e n c e , d a m a g e s o t h e r w i s e a r i s i n g a r e s e l f < i n s u r e d b y t h e a b o v e m e n t i o n e d a i r c a r r i e r .4 , 6 9 4 s p e c i a l d r a w i n g r i g h t s p e r p a s s e n g e r f o r d e l a y e d c a r r i a g e o f p a s s e n g e r s a r i s i n g f r o m a n i n s u r e do c c u r r e n c e , d a m a g e s o t h e r w i s e a r i s i n g a r e s e l f f i n s u r e d b y t h e a b o v e m e n t i o n e d a i r c a r r i e r .W e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . , h e r e w i t h d e c l a r e t h a t t h e i n s u r a n c e c o m p a n y n a m e d a b o v e i sl i c e n s e d a s a n i n s u r e r i n t h e U n i t e d S t a t e s o f A m e r i c a .1 9 s p e c i a l d r a w i n g r i g h t s p e r k i l o g r a m f o r d a m a g e t o c a r g o .a n d p r o p e r t y d a m a g e .2 5 0 , 0 0 0 s p e c i a l d r a w i n g r i g h t s p e r p a s s e n g e r f o r b o d i l y i n j u r y .s p e c i a l d r a w i n g r i g h t s p e r o c c u r r e n c e a n d p e r a i r c r a f t t h i r d p a r t y b o d i l y i n j u r y


N A T I O N A L U N I O N F I R E I N S U R A N C E C O M P A N Y O F P I T T S B U R G H , P AF I R S T S O U T H E A S T A V I A T I O N C O R P . ( O W N E R )E L I T E A I R , I N C . ( O P E R A T O R )G M 0 0 3 7 9 1 8 7 7 ½ 5 01 5 0 , 0 0 0 , 0 0 0 .2 5 0 , 0 0 0 , 0 0 0 .S e p t e m b e r 2 6 , 2 0 1 5 S e p t e m b e r 2 6 , 2 0 1 7

3S e p t e m b e r 3 0 , 2 0 1 5 M J S

C E R T I F I C A T E O F I N S U R A N C ER e g u l a t i o n ( E C ) N o . 7 8 5 / 2 0 0 4W e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . o n b e h a l f o fN a m e o f I n s u r a n c e C o m p a n yP o l i c y N u m b e r :A t h i r d p a r t y l i a b i l i t y i n s u r a n c e t o c o v e r p e r s o n a l i n j u r y a n d d a m a g e t o p r o p e r t y a r i s i n g d u r i n g t h e o p e r a t i o n o ft h e a i r c r a f t T y p e , s e r i a l n u m b e r , r e g is t r a t io n m a r k a n d m a x i m u m t a k e ß o f f m a s s ( M T O W )t o t h i r d p e r s o n s o r p r o p e r t y n o t c a r r i e d a b o a r d t h e a i r c r a f t h a s b e e n c o n c l u d e d .T h e i n s u r a n c e s u m p e r a i r c r a f t a n d o c c u r r e n c e o f d a m a g e , i n c o m p l i a n c e w i t h t h e R e g u l a t i o n ( E C ) n o . 7 8 5 / 2 0 0 4o f 2 1 A p r i l 2 0 0 4 ,i n $ U S D , m e e t i n g a i r c r a f t S D R r e q u i r e m e n t a t d a t e o f i s s u e .T h i s i n s u r a n c e c o v e r a g e i s v a l i d f r o m : t o .G L D 9 5 2 ( 0 4 / 0 5 )A t t a c h m e n t t oC e r t i f i c a t e N o .D a t e o f I s s u e B y ( A u t h o r i z e d R e p r e s e n t a t i v e )

N a m e o f C a r r ie rf o rc e r t i f y t h a th e r e w i t hN 1 7 3 D S Ñ 2 0 0 8 L E A R 4 0 X R , S / N 2 0 9 2 M T O W 9 , 3 1 8W e , A I G A e r o s p a c e I n s u r a n c e S e r v i c e s , I n c . , h e r e w i t h d e c l a r e t h a t t h e i n s u r a n c e c o m p a n y n a m e d a b o v e i sl i c e n s e d a s a n i n s u r e r i n t h e U n i t e d S t a t e s o f A m e r i c a .


T h e i n s u r a n c e s u m i n c l u d e s c o n s e q u e n t i a l d a m a g e c a u s e d b y W a r a n d T e r r o r i s m a c c o r d i n g t o a r t i c l e 7 o f t h eR e g u l a t i o n ( E C ) N o . 7 8 5 / 2 0 0 4 .N A T I O N A L U N I O N F I R E I N S U R A N C E C O M P A N Y O F P I T T S B U R G H , P AF I R S T S O U T H E A S T A V I A T I O N C O R P . ( O W N E R )E L I T E A I R , I N C . ( O P E R A T O R )G M 0 0 3 7 9 1 8 7 7 S 5 0

2 5 0 , 0 0 0 , 0 0 0 . S e p t e m b e r 2 6 , 2 0 1 5 S e p t e m b e r 2 6 , 2 0 1 73S e p t e m b e r 3 0 , 2 0 1 5 M J S

CERTIFICATE OF INSURANCE - ITALYAir Carriers Aviation Liabilities pursuant to E.U. Regulation 785/2004

Insured Airline

Policy period: starting endingGeographical limitation

or

or

Aircraft Type Registration Third Party Minimum InsuranceSDRSDRSDR

AIG Aerospace Insurance Services, Inc. on behalf of

(Name of Insurance Company)

UE1036 (01/10) Page 1 of 2

In consideration of premium of $ , this policy is amended as follows:

has placed policy number(s) of aviation specific liability insurance in respect of passengers, baggage, cargo and third parties as follows when operating within, into and out of Italy with certain Insurers, whose name and participation are held on file by AIG Aerospace Insurance Services, Inc. and who have each authorized AIG Aerospace Insurance Services, Inc. to issue this Certificate on their behalf.

Such Insurance is subject to a Combined Single Limit of Liability that is sufficient to cover the sum of the following amounts:

Minimum liability in respect of each passenger: SDR 250.000Minimum liability in respect of baggage per passenger: SDR 1.131Minimum liability in respect of each kilogram of cargo: SDR 19

Third party minimum liability for each and every aircraft, per accident covering also damages due to risks of war or terrorism:

SDR covering all attached owned fleet of the carrier

SDR covering all attached fleet of the carrier both owned and operated

if the minimum amount coverage is related to the single aircraft:

(Additional aircraft to be detailed in attachment)

This certificate cancels and replaces any existing Insurance Certificate issued to ENAC in the name of the Insured Airline.

All the minimum liability amounts stated above also cover damage due to the risks of war, terrorism, hi-jacking, acts of sabotage, unlawful seizure of aircraft and civil commotion as per Clause AVN52E. Third party cover under AVN52E is subject to an aggregate limit which may be placed over two or more separate policies as indicated by the policy numbers above. All the above risks are insured within their specific terms and conditions of coverage. The above mentioned policy(ies) is/are in accordance with the Regulation (CE) 785/2004 minimum sums insured legally required, specified as above, and as increased effective 1 January 2010 pursuant to a revision of the Montreal Convention 1999 Limitation of Liability.


GM 003791877-50


September 26, 2015 September 26, 2017

X

LEAR 40XR N173DS 150,000,000.

AN ADDITIONAL INCLUDED



UE1036 (01/10) Page 2

In case of insurance interruption or modification of the minimum liability amounts before the above expiration date, the insurer will have to notify ENAC the cancellation or variation of the contract.

It is further certified that the above mentioned policy(ies) comply with the requirements of Regulation (CE) 785/2004 and Art. 798 of the Italian Air Navigation Code, recognizing that, as stated above, cover under AVN52E may be provided by two or more separate policies to provide the required minimum liability amount.


3


CERTIFICATE OF INSURANCE - GERMANYArticles 21 and 22 of Montreal Convention, Regulation (EC) No. 785/2004,

and 103 LuftVZO, 45-47 LuftVZO


Name of Carrier

1.

2.

UE1265 (02/12) Page 1


have issued policies of aviation liability insurance to cover bodily injury and/or property damage and/or delay in respect of passengers, baggage, cargo and third parties in the name of:

covering their fleet of aircraft against the following risks and up to the limits stated while operating within, into, out of or over the territory of Germany.

Policy Limit - Combined Single Limit (Bodily Injury / Property Damage) of USD $ per occurrence any one aircraft.

Pursuant to Articles 21 and 22 of the Montreal Convention, of 1999; Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45-47 LuftVG (air navigation act), the above Combined Single Limit is sufficient to cover the sum of the following amounts of insurance, per occurrence:


250,000 per passenger for bodily injury.


1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence,damages otherwise arising are self-insured by the above-mentioned air carrier.


SDR

SDR

SDR

SDR

SDR

Coverage for war, terrorism and allied perils under Third Party Legal Liability is pursuant to Regulation (EC) 785/2004 Article 7 and limited to USD $ 250,000,000. any one occurrence and in the annual aggregate in respect of coverage provided by AVN52E.




Date of Issue

UE1265 (02/12)


Page 2

IT IS FURTHER CERTIFIED THAT the amounts of insurance stated above are in accordance with the minimum insurance coverage requirements of Articles 21 and 22 of the Montreal Convention of 1999; Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45-47 LuftVG (air navigation act), based on; (a) this policy being insured in USD and any rate of exchange movement between USD and Special Drawing Rights during the period of this insurance shall not exceed the Combined Single Limit (as per Paragraph 1 above) and third party war, terrorism and allied perils limits (as per Paragraph 2 above) evidenced hereby (b) third party war, terrorism and allied perils being insured on an aggregate basis as above, and (c) it being understood that such aggregate limits may be reduced or exhausted during the policy period by virtue of claims made against aircraft or other operational interest covered by the insurances.





3


CERTIFICATE OF INSURANCE - UAE


Name of Carrier

1.

2.

UE1266 (2/10) Page 1


have issued policies of aviation liability insurance to cover bodily injury and/or property damage in respect of passengers, baggage, cargo and third parties in the name of:

covering their fleet of aircraft against the following risks and up to the limits stated while operating to, from or over the territory of UAE.

Policy Limit - Combined Single Limit (Bodily Injury / Property Damage) of USD $ 250,000,000. per occurrence any one aircraft.

Pursuant to Article 50 of the Montreal Convention 1999 and Article 7(6) of the UAE Civil Aviation Law No. 20 of 1991, the above Combined Single Limit is sufficient to cover the sum of the following amounts of insurance, per occurrence:


250,000 per passenger for bodily injury. However, in respect of non-commercial operations by aircraft with a MTOM of 2,700 kg or less, the SDR amount per passenger for bodily injury shall be 100,000.


1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence, damages otherwise arising are self-insured by the above-mentioned air carrier.


SDR

SDR

SDR

SDR

SDR

Coverage for War Risks and Allied Perils under Third Party Legal Liability is provided in accordance with the Extended Coverage Endorsement (AVN52E) by a combination of policies providing a Combined Single Sub-Limit (Bodily Injury / Property Damage) of USD $ 250,000,000. any one occurrence, each aircraftand subject to an overall annual aggregate limit of USD $250,000,000.. However, this aggregation of limit shall not apply to cargo and mail while on board an aircraft, passengers and passenger baggage.




Date of Issue

UE1266 (2/10)


Page 2

IT IS FURTHER CERTIFIED THAT the amounts of insurance stated above are in accordance with Article 50 of the Montreal Convention 1999 and Article 7(6) of the UAE Civil Aviation Law No. 20 of 1991, based on; (a) this policy being insured in USD and any rate of exchange movement between USD and Special Drawing Rights during the period of this insurance shall not exceed the Combined Single Limit (as per Paragraph 1 above) and Third Party War Risks and Allied Perils Limits (as per Paragraph 2 above) evidenced hereby (b) third party war, terrorism and allied perils being insured on an aggregate basis as above, and (c) it being understood that such aggregate limits may be reduced or exhausted during the policy period by virtue of claims made against aircraftor other operational interest covered by the insurances.





3


Insurance covering air carrier liability to passengers and public liability

1.

effective from[day] [month] [year]

to[day] [month] [year]

2.

3.related to the operation of a

Passenger:

Public:

Single Limit Coverage:

No.Certificate

By:

ONTNTA-71

[name and address of air carrier]

[name, address and participation percentages of insurer or insurers]

service in the following amounts:

The air carrier has been insured against the risks described in section 2 for every incident or accident

Certificate ofInsurance

673/L4/12-11 of 3 pages

%


This is to certify that: (insurer)

has/have issued the policies listed in this certificate covering risks of liability to passengers andpublic liability to: (air carrier)

The insurer has assumed, under the policies listed in this certificate, liability insurance covering risks of injury to or death of passengers and insurance covering risks of public liability in accordance with the requirements of section 7 of the Air Transportation Regulations.

Type of Liability Amount Policy No.

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PAAIG AEROSPACE INSURANCE SERVICES, INC.

100 COLONY SQUARE, SUITE 1000 1175 PEACHTREE ST., NEATLANTA, GA 30361 100


26 September 2015

26 September 2017

INTERNATIONAL

SEE ATTACHED GM 003791877-50

1

6.

b.

a.

c.

[day] [month] [year][signature]

On behalf of the Insurer:

5.

b.

[domestic, international, or domestic and international]a. services; or

4.

673/L4/12-12 of 3 pages

is registered and/or licensed in Canada to issue aircraft insurance policies; or

is licensed or approved by a foreign government to issue aircraft insurance policies.

all aircraft operated by the air carrier in

services operated by the air carrier with the following aircraft:



The insurer (check one):

The policies listed in this certificate insure (fill in the appropriate service in either a. or b.):

The insurer undertakes to notify the Secretary of the Canadian Transportation Agency forthwithin writing when:

the air carrier's coverage has been cancelled or is intended to be cancelled;

the air carrier's coverage has been altered or is intended to be altered in a manner that results in the failure by the air carrier to comply with section 7 of the Air Transportation Regulations; or

the air carrier's operations have been changed or are intended to be changed in a manner that results in the failure by the air carrier to comply with section 7 of the Air Transportation Regulations.

Registration Marking Type and Model

INTERNATIONAL

N50DS GLOBAL EXPRESS 5000

N173DS LEAR 40XR

X

5 October, 2015


a.

b.

c.

Registrationmarking

Type and model No.of passengerseats insured

Amount ofpassenger liability

Amount of publicliability

[policy number]

Attachment

which is issued on one or more of the following conditions:The air carrier has been insured against the risks described in section 2 under Policy No.

the aircraft are as described, and are insured for the amounts shown, in the table below;

the aircraft will be used for the following purposes:

Name of Air Carrier:

3 of 3 pages 673/L4/12-1

You can fill out this form electronically and save a copy for your files.

Once completed,

1. You may send an advance copy by fax to819-953-5562 or 819-953-8798

2. You must print and submit an original hard copy withsignatures.

Attn: Secretary Canadian Transportation Agency

By mail OR By courier

Ottawa, Ontario 15 Eddy StreetCanada K1A 0N9 Gatineau, Québec

Canada J8X 4B5

Filing directions:(1) An original of this certificate and any notification made pursuant to section 5 are to be filed with the Secretary, Canadian Transportation Agency, Ottawa, Ontario, Canada K1A 0N9.(2) An air carrier may file a certificate that contains one or more of the three conditions and the table set out in the attachment hereto.

the number of passengers carried does not exceed the number of passenger seatsinsured for each aircraft as shown in the table below; and


GM 003791877-50

N50DS GLOBAL EXPRESS 5000 14 275,000,000. 275,000,000.N173DS LEAR 40XR 9 250,000,000. 250,000,000.

Documents

AIG AEROSPACE INSURANCE SERVICES, INC. · 4,694 special drawing rights per passenger for delayed carriage of passengers arising from an insured occurrence, damages otherwise arising