# EXHIBIT CVK-7 mSURANCECOVERAGE
Cavok Air's insurance coverage meets the requirements of 14 C .F .R
. Part 205. Its aircraft and services are insured by BUSm Ins. Co , a Ukrainian insurance provider, which in turn may underwrite its policy through other insurance companies worldwide. An executed copy of OST Form 6411 (Certificate of Insurance) from Cavok Air's insurer is attached hereto
.

# t3

**..,.,..,~ ~**  AGENCY DISPLAY OF ESTIMATED BURDEN The publ i c reporting burd en for this coll e ct1on of info rmati on is e s tim ated to ave rage 30 minutes per response . If you w i sh to com me n t on t he acc ura cy of the estimate or m a ke suggestion s for reducin g thi s b urd e n . please direct your comments to : US
. D ep a rtm e nt of T r a n sp ortation , Office of Aviation Analysis , X-5 6 , 4 00 7'" St., S W ,., Wa sh i ngton , D
. C
. 2059 0. Accord ing to the Pa perwork Reduction Act of 1995 , no persons a re req uired to respond to a collection of info rmat i on unless it d ispl ays a val i d OM B control number. Office ofthe Sec reta ry ofTrans ponati on NOTE · For information on where to file completed copies of t his form , see FILING INSTRUCTIO N S below
. OMB No
. 2106-0030 Expires 9-30 -2007 FOREIGN AIR CARRIERS
- CERTIFICATE OF I NSURAN CE POLICIES OF INSURAN C E F O R AIRCRAFT ACCIDENT BOO IL Y IN J UR Y AND PROPERTY DAMA G E LIABILITY FILING INSTRUCTIONS : File a s ign ed ori g i nal of th o s fo rm w ith th e Fede ral Av i at i on Admi mstra lion, A1r T ranspo rtation Div
. , AFS-260 , 800 Ind e pendence Ave ., S W
.. Washington, DC 20591
. ( See EXCEPTION be l ow.) E X CEPTION : If Section 2
.A
. i s filled in because the onsured IS a Canad1an Charter A ir Taxi Operator , file a n original of t hi s form w ith t he U.S
. Departm e nt of T ransportation , Special Authorities Div i sion (X-46 ), 4 00 7' " Street, SW , Was h ington , D
. C
. 2059 0 ( Please type inform ation, except si gnatures .) THIS CERTIFIES THAT : « BUSIN » Ins
. Co
. ( Name of Ins urer) h as i ss u e d a pol i cy or polic i es of A i rcra ft Li abil i ty In s urance to limite d liability C ompany « CAVOK AIR » Sect i on 1, Ho us ing 3, 3 Obolon Quay, Kyiv, Ukra i ne , 04210 FAA Certifi cate Number

_ _ ( Name , add ress a nd FAA Ce rtific ate numb er of Insured Foreign A i r Carri er) effective from 20 /08/2014 unti l ten ( 10) days a fter wri tten notice from th e i nsu rer or carrier of the inte nt to term i nate coverag e is received b y the De pa rtm e nt of Tra n s portat i o n . NOTE : Part 205 of the Department's Regulations do e s not allow fo r a pred e termined termi n ati on date
. a nd a certificate show i ng such a da te is unaccepta ble. 1 The Insurer ( Check One) : o is licensed to issue a i rcraft i nsurance poli c i e s in the United States ; 

# 'l is licensed or approved by the gove rnm e nt of Ukra ine to 1 ssue a ircraft insurance po lic i es ; or o is an a pproved surplus lin e in su r e r i n th e S tate(s) o f 2 The insurer assumes , un d e r th e p olicy or policies list ed below , aircraft accident li a b il i ty in s u red to minimums at l ea st equa l to the fo llowi ng during ope ration
. maintenance , o r use of a i rcraft in " fore ign a ir transport at io n" as that te rm i s defin ed in 49 U
. S
. C
. 4 0102
. (Compl ete appli cab le sect ion 

### A 8, or 

### C bglo w): A
. CANADIAN CHARTER AIR TAXI OPERATORS WITH PART 294 A UTHORITY ONL Y The ai rc ra ft covered by t hi s p olicy have : (1) 30 or fewe r passe n ge r seats and a maximum payload ca p acity of 7,500 pounds or l ess ; and/or (2 ) a maximum aut h orized ta ke off weight on whee ls of no more than 35 , 000 pounds
. (Compl gte separate or comb in ed coverage as appr o pri

ate) :
o Sepa rate Covera ges : Min i mum Lim i t Policy No
. Tvpg of Li ability Each person Each Occurrenc e Combined Bod ily Inj ury ( Excluding Passenge r s othe r than cargo attendants) and Property Damag e Liab i l ity Passen g er B o d ily Injury $ 7 5 , 000 $75 , 000 $2 , 000 , 000• (S ee note) $75 ,00 0 x 75 % of to ta l numbe r of passenger s e a ts i nstalled in a ircraft o Combin ed Cove r age : This comb i ned cove rag e i s a single li m1t of li a bi l ity fo r each occurrence at le ast eq u a l to th e required minimums s tated above for bodily injury ( excluding passeng e rs) , property damage , and passenger bod il y inj ury . Policy No. ___ _________ __ _ Amount of Coverage

___ ______ U S
. Dolla r s o Th i s po licy covers CARGO operat 1 ons only and exclu de s passenger li ab ili ty in su r ance . NOTE · If the aircraft cove red by this pol i cy have more than 30 passenger seats o r mo re than a max i mum payload capa city of 7 , 500 po und s , the minimum li m it p er occurrence shall be 520 ,000 , 000
.OST Fo rm 6411 B
. FOREIGN AIR CARRIERS OPERATING SMALL AIRCRAFT T he a i rcraft cove red by t his po licy are SMALL AIRCRAFT (i
.e . , with 60 or fewer passenger seats or with a maxim u m pay load capacity of 18 , 000 pounds or l ess )
. (ComQiet!! seQarate or combined cov erag!!

**2~** f!.QQrOQria le) :



## - Sepa rate Coverages · Minim',!.m Limit P Qiit;:t.NQ, T I!.QIZ Qf

**/.lfl./})lil~** Each eer §.Qn E B(i.h Q f:i.(i.u rren r;< e Combined Bodily InJ ury ( Exclud ing Passengers other than cargo attenda n ts ) a n d Property Da m age Liabi li ty $300 ,000 $2 , 000 , 000 Passenger Bod ily Inj u ry $3 00
.000 $3 00 , 000 x 75% of tota l n um ber of passenger seats i nsta ll ed i n ai rc raft 0 Combined Cove rage : Th is combined cove rage is a s i ng l e lim it of li ab ili ty for ea ch occurrence at l east equa l to the requ i red minimu ms stated above for bod i ly injury (e xc l ud i ng passengers)

. p roperty damaged , and passe nger bod i ly injury
. Policy No Amount o f Coverage U
. S
. Do ll a r s 0 Th is policy cove rs CARGO ope ra t ion s on l y and excludes passenger li ab ili ty insurance

. 

## c . FOREIGN AIR CARRIERS OPERATING LARGE AIRCRAFT The aircraft covered by this pol i cy are LA RGE AIRCRAFT (i e . , w ith more than 60 passen ger seats or with a m a ximu m payload capacit y of more t h a n 1 8 , 000 pound s ). (ComQiete seQarate or r;<ombined coverag_e as !i!.l2Q/QQ.r i ate) : 

# " Separate C overages : Minim um Limi t Pol iC "t,NO. T"t.Q.e o f Lif!.bilit"t. Each Qer11.0n Ea ch Occurrence 71 92/ L , **71~~1L,** Co m b in ed Bodi ly Injury ( Exclud in g Passen ge rs other 71g4/L , **72~0**

**.** t h an car g o attend a nt s) and Prope rty Damage Liab i li t y $300 ,000 $20 , 00 0 ,000 Passe nger B od i ly I njury $300 , 000 $300 ,000 x 75 % of tota l number of passenger seats ins ta lled in a i rcraft 0 Combined Cove rag e : This comb ined covera g e is a s i n gle l i mit of li abi li ty for each occu r rence at least equal to the requ i red m i n imum s stated above f or bodily injury (excluding passengers). property da mag ed , and pass enge r bod i ly i njury
. Poli cy N o. Amoun t of Coverage U
. S
. Dollars 

# I Th is policy covers CARGO operat io ns only and Gxcludes passenger liab i l ity ins ura nce . 3. The po licy or pol i cies l is ted in t his certif ic ate insure ( s) (Che ck One) : Ma ke and Mode l F AA or Foreig n Flag

Reg is trat i on No
. 0 Operat i ons conducted with all aircraft op era ted by the insure d



# ~ Operations conducted with t h e follow ing types of a i rcr aft : Ope rat i ons with the following a i rcraft: ( Use additio na l page 1 f n ecessary ) 4 E ach policy liste d in th is ce rt ificate meets or exceeds the requ i re men ts in 14 C FR Par t 205
. « BU_SIN » Ins
. Co
. (N

ame of Insurer ) (Na me of B roker , if applicable) 2 3A KLIM ENK O ST
. ( A ddress) (Addre ss) K YIV UKRAINE 03110 (City , State, Zip Code) (Ci ty , Stat e. Zip Code) Dennis Ovchinnikov Contact (person who can verify the effectiveness o f the cov era ge) (Officer or authorized repre sen tat i ve) +Q6_ Q 44/2456217 

### I +(38044 / 2456217 

### I ( A rea Code, Phone Number ) ( Area Code
. Fax Number ) ( Area Code, Phone N umber ) ( Area Code, Fax N u mber )



# ~ " 

# 1\· C

**(Si gna~** ure , if appl ica ble) (Signature) 2010s 1201 4 ( Date) ( Date )Operations w i th t he followin g a i rcraft: Make and Mode l 

## Antonov An 

# -12 8 Antonov An - 12BP Antonov An- 74TK- 

## 100 Antonov An - 12BK 

## Addendum to paragraph 3

FAA o r Fo re i g n F la g Reg i stratio n No 

# UR-CJN UR-CKM UR-CKC UR-CKL

# EXHIBIT CVK-8 OPERATOR'S CERTIFICATE
A copy of Cavok Air's Air Operator's Certificate, issued by the State Aviation Administration of Ukraine is attached hereto. Cavok's Air Operator Certificate (AOC No. UK 035) was most recently issued to it on Apri l 18, 2013, and will be subject to continuous renewal on bi-annual basis as set forth in the applicable laws and regulations of Ukraine. The Air Operator's Certificate grants Cavok Air the right to perform commercial air operations subject to the operations specifications, the operations manual, the Convention on International Civil Aviation and the air legislation ofUkraine. Oversight ofCavok Air's operations i s performed by the State Aviation Administration of Ukraine. Cavok Air ' s Air Operator ' s Certificate and operations specifications authorize it to operate commercial air transportation with no limitations of the areas of operation.

### G£ 

## :N'!!.: AOCM : 

## UK035 UK035 JJ.aTa · :JaKiH'ICHHll 

## rep'MiH)' nil: 17.04.2015 Expirydate : 

### 1 7:04.2015 

## YKPAIHA 

## UKRAINE .l.\EP:>KABHA ABIAUI11HA CJJY)JffiA YKPAIHH STATEAVIATIONADMINISTRATION OF UKRAINE 

## TosapnCTBO 1 o6Me)KeHOIO Bi.llnosi;:laJJLHicTIO 

# "KABOK EHP" Limited Liability Company "CAVOK AIR" KoMeplli"RHe uaAMeuysauwr: DBA: 

### Allpeca eJ(cnnyantHra : 

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## 2 Operator address: Office ). Obolonska naberezhna, 

## 5. Box 

### 1;**~t on**  

### l, Kyiv, Ukraine, 

### 04210 

### Tenecpou: 

## +38 (044) 537-77-45 T e lephone: 

### <l>aJCc: 

## +38 (044) 537-77-46 Fa::r.: 

## E-mail: 

## cavQkair@uJrr.net OflEPATHBHHA 3B'JBOKB EKCflJIYATAQif OPERATIONAL POINTS OF CONTACT 

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## poo.IM 1I Contact details, at which operatiOIUI/ management can 

### be cQtllacted 

### without undue 

### tklay. ore listed 

## in Operations Manual Part A, chapter 

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### Cl}rlifies thal Umiled Liabilily Company HCAV OK 

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### authorized topeiform cpmmercial air operations , as tkflned in 

### the 

### anached operations specifications , in accordance wiJh the Operations Manual and tl1e Air Operat ors 

### Certification Rules for civJJ aircraft operations to perfor ial air transportations under requi,.Pni!n
. (! ·OP.S l 

### )laTa BJU18'1i : 

## 18.04.2013 Date qfissue: 18
. 04
. 201 3



## AO NQ0 00 183 

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# EXHIBIT CVK-9 OPERATING HISTORY
Cavok Air started operations as a charter cargo carrier in April of 2012 , when its Air Operator Certificate was initially issued to it by the State Aviation Administration ofUkraine. It 

# is a growing airline that identifies safety and quality ofits services as its primary goal. It consistently works to position itself as the preferred operator providing high quality, safe, comfortable and affordable transportation of cargo worldwide. Having started with the cargo transportation market in 2012 , the airline has gained valuable experience in transportation of animals, aircraft engines, motor vehicles, spare parts for continuous assembly line productions, perishable and valuable cargoes. All Cavok ' s staff and crews are certified for transportation of dangerous cargoes , including CAO and radioactive materials. Cavok specializes in international cargo charter transportation services in Europe, Africa, Asia, Middle East, Far East, Australia and the Pacific. The company is now planning to add destinations in the Americas to its route map . Cavok is currently operating one Antonov AN-74TK-100 and three Antonov AN-12 aircraft and has its An-12 aircraft base at Chernovtsy International Airport (Ukraine), and its An74 aircraft base at Kyiv/Zhuliany International Airport (Ukraine). Antonov An-74 is a twin-turbofan airplane designed to carry up to 10 tons of cargo at a cruising speed of up to 700 km/h and cruising flight altitude of 1 0 , 1 00 meters. The engines have low fuel consumption and high level of reliability
. They meet ICAO requirements for aircraft engine emissions and noise. High engine arrangement practically precludes ingestion of foreign objects into engine air intakes at takeoff and landing even when operating on pebble airfields. Landing g ear with low-pressure tires allows autonomous operation of the aircraft on both hardsurface runways and unpaved strips.

# EXHIBIT CVK-9 Antonov An-12 was originally designed as a military transporter that can be used at remote cargo aprons within barbed wired mi litary facilities operating from concrete and unpaved runways , including grass landing strips. An-12 was successfully converted to provide reliable commercial air transport into some ofthe most difficult regions in the world. This aircraft is fully European airspace compliant, with both EGPWS and TCAS systems, and has stage III noise level engines. The fuselage is upswept and has large rear-loading doors , with a detachable ramp that can be used for on-ground loading and unloading
. The rear fuselage features a mechanized cargo door used for loading/unloading of cargo, wheeled vehicles , and livestock. Special ramp closing the cargo door serves as a stair for cargo loading and unloading. It 

# can also be slid under the fuselage to allow free approach oftrucks to the cargo cabin sill for direct loading from the truck body. The internal crane enables loading and moving ofpieces ofup to 2 , 500 kg in weight inside the cargo compartment. The integrated navigation system and flight and communication equipment ensure aircraft operation on both the equipped and unequipped air routes, day and night, in any season, under VFR and IFR weather conditions , flying the desired flight path in the automatic, flight

-director or manual control mode. Cavok Air is a growing airline that identifies safety and quality of its services as its primary goal. It 

# consistently works to position itself as the preferred operator providing high quality, safe, comfortable and affordable transportation ofcargo to major Eurasian destinations. Cavok Air is now planning to add destinations in the Americas to its route map.

# EXHIBIT CVK-10 AIRCRAFT INVENTORY
Cavok Air is currently operating one Antonov AN-74TK-100 and three Antonov AN-12 aircraft. All of Cavok Air's aircraft are currently dry leased. For its proposed U
. S. operations , Cavok Air is planning to operate both its AN-74TK-100 and Antonov AN-12 equipment, as listed below. Aircraft Information on the aircraft proposed for US operations by Cavok Air, including the names and addresses of the lessors is listed below. Cavok Air is the current sole operator ofthe listed aircraft and does not contemplate any wet leases that may affect its proposed U.S. operations. Cavok Air plans to continue expanding its fleet of aircraft in the future. Aircraft T::we & 

# Serial No
. Basis ofUse Registration Countrv of No. Remstrv AN-74/ 36547095905 Leased / Swift Solution FZE UR-CKC Ukraine 

# AN-12/01348005 Leased / Swift Solution FZE UR-CKL Ukraine AN-12/01348006 Leased/Pankratev Victor UR-CJN Ukraine AN-12/02348207 Leased /Aeronet Ltd UR-CKM Ukraine

LESSOR REGISTERED ADDRESS Co untry of Incorporation Swift Solution FZE P.O.Box 8735,Saif United Arab Emirates Zone,Shatjah,UAE Aeronet Ltd P.O.Box 7902,Airport United Arab Emirates International FZE,Sharjah,UAE Pankratev Victor 21 apt, 19,Uglichska Russia str. ,Moscow, Russia

# EXHIBIT CVK

- 11
MAINTENANCE ARRANGEMENTS
Cavok Air will utili ze Antonov AN

- 74TK-100 and Antonov AN-1 2 ai rcraft, as well as any other aircraft as it may further acq uire, to conduct the proposed operations. Cavok Air ' s routine maintenance base is located at Kyiv/Zhu l iany International Airport (Kyiv , Ukraine). Line and base maintenance for AN-74TK

- 100 aircraft is performed at Kyiv /Zhul iany International Airport by UATC ( "Ukrainian Aviation Technical Centre"), a maintenance organization approved by the Ukrainian SAAU under Ukraine aviation rules (Certificate: UA.l45 .0034). Line and base maintenance for Cavok Air's AN-12 aircraft i s performed at Kiyv Bila Tserkva Airport by " AVIAMIR ," a maintenance organization approved by the Ukrainian SAAU under Ukraine aviation rules (Certificate UA.145 .0044). Cavok Air will also enter into appropriate contracts in the United States for line maintenance of its aircraft used for US operations as necessary. Ukraine is a contracting state to the Convention on International Civil Aviation ("Chicago Convention"). Cavok Air's aircraft are maintained in compliance with ICAO Annexes 1 , 6 (Part 1), and 7. In addition, Cavok Air's aircraft conform to respecti ve type designs approved by the State of the Manufacturer and have been issued civil airworthiness certificates in accordance with the provisions of ICAO Annex 8. Oversight over continuous airworthiness of Cavok A ir's aircraft is performed under the applicable regulations ofUkraine as the state of the operator and ofthe registry of the aircraft as set forth in Annexes 1 , 2, 6 and 8 to the Chicago Convention.

# EXHIBIT CVK-12 AGREEMENTS WITH OTHER CARRIERS AFFECTING CAVOK AIR ' S SERVICE PROPOSAL
Cavok Air has no agreements or cooperative working arrangements with other carriers that affect the services proposed by this app lic ation.