**Re:      Macquarie Infrastructure Company’s acquisition of Mercury Air Centers,      Inc.**

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*provided,      however,*

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*provided,      however,*

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|         |                                                                                                            |                                      |
|--------------|-----------------------------------------------------------------------------------------------------------------|-------------------------------------------|
|         | **The              Governor and Company of Bank of Ireland**                                                    |
|    |                                                                                                       |                                 |
|         | By:                                                                                                   | /s/ Peter              O’Neill |
|         | Name: Peter                O’Neill   Title: Senior                Vice President |
|         |                                                                                                            |
|   |                                                                                              |                                            |
|--------|---------------------------------------------------------------------------------------------------|-------------------------------------------------|
|   |                                                                                              |
|   |                                                                                              |                                            |
|   | By:                                                                                     | /s/ Eric              A.              Muth |
|   | Name: Eric                A. Muth   Title: Vice                President |
|   |                                                                                              |

|                                                                                                                            |                                                   |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|
| **MAC****QUARIE                INFRASTRUCTURE COMPANY INC.****(d/b/a****Macquarie                Infrastructure Company (US))** |
|                                                                                                                       |                                              |
| By:                                                                                                                   | /s/ Peter              Stokes                     |
|                                                                                                                            | Name:                Peter StokesTitle: CEO  |

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|         |                                                                                    |                 |
|--------------|-----------------------------------------------------------------------------------------|----------------------|
|         | **BAYERISCHE              LANDESBANK, NEW YORK BRANCH**                                 |
|    |                                                                               |            |
|         | By:                                                                           | /s/ [ILLEGIBLE] |
|         | Name: [ILLEGIBLE]    Title: Vice                President |
|         |                                                                                    |
|   |                                                                                                   |                                                 |
|--------|--------------------------------------------------------------------------------------------------------|------------------------------------------------------|
|   |                                                                                                   |
|   |                                                                                                   |                                                 |
|   | By:                                                                                          | /s/ George              J.              Schnepf |
|   | Name: George                J. Schnepf   Title: Vice                President |
|   |                                                                                                   |

|                                                                                                                                    |                                                     |
|-----------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------|
| **MAC****QUARIE                    INFRASTRUCTURE COMPANY INC.****(d/b/a****Macquarie                    Infrastructure Company (US))** |
|                                                                                                                               |                                                |
| By:                                                                                                                           | /s/ Peter                Stokes                     |
|                                                                                                                                    | Name:                  Peter StokesTitle: CEO  |

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**Summary      of Terms and Conditions**

**April      13, 2007**

| **I.**  ** ****The                Parties** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 1.                Borrower                                 | Mercury                Air Centers, Inc. (“Mercury”), a Delaware corporation, the owner and                operator of fixed base operations at twenty-two                airports.                                                                                                                                                                                                                                                                                                                  |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 2.                Purpose                                  | $192                million of debt will be used to refinance the outstanding debt of                the                Borrower, pay costs associated with the refinance and pay a one-time                distribution to both the preferred and ordinary shareholders of the                Borrower and an additional $17.5 million working capital facility                to fund                a portion of certain specific capital projects and issue letters                of                credit. |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 3.                Equity Investor                          | All                ordinary shares in Mercury are to be acquired immediately prior to                the                Closing by Macquarie FBO Holdings LLC (“MFBO”), a Delaware limited                liability company, 100% owned by Macquarie Infrastructure Company                LLC. All                preferred shares of the Borrower are to be owned by Kenn Ricci, an                individual.                                                                                     |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 4.                Lead Arrangers                           | Bank                of Ireland and BayernLB.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 5.                Senior Lenders                           | Lead                Arrangers and other banks or financial institutions to whom the Facilities                may be syndicated.                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 6.                Working Capital Facility Loan Lenders    | Lead                Arrangers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 7.                Administrative Agent                     | BayernLB                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 8.                Legal Advisor                            | Orrick,                Herrington & Sutcliffe LLP                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 9.                Other Consultants                        | Technical:                Jacobs Consulting GroupEnvironmental:                Weston Solutions Inc.Insurance:                Marsh USA Inc.                                                                                                                                                                                                                                                                                                                                                                     |

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| **II.                The Facilities**        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| 10.                The Facilities            | The                Facilities will consist of the following:(i)  Bridge                Loan Facility of $192,000,000 (ii)  Working                Capital Facility of $17,500,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| **Bridge                Loan F****acility**  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
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| 11.                Use of Proceeds           | The                Bridge Loan Facility will be used to refinance the existing debt                of                Borrower, pay associated costs and make a one-time distribution to                both                the preferred and ordinary equity investors in Borrower.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
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| 12.                Bridge Loan Maturity Date | 2                years from Closing Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| 13.                Closing Date              | On                initial draw down, expected around July 31, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 14.                Mandatory Prepayment      | The                Borrower shall make Mandatory Prepayments in the following situations                without penalty or premium other than hedge termination obligations                payable to the Hedging Banks. The Mandatory Prepayments shall apply                to the                initial balance of the Bridge Loan Facility. i. If                any net proceeds from a sale of the Borrower's or its subsidiary's                property that is not used to purchase replacement assets exceeds                $250,000,                Borrower will prepay the Loans in the amount of such excess. ii. If                Borrower or any of its subsidiaries incurs debt for borrowed money                that is                not permitted indebtedness, 100% of the net debt proceeds will be                applied                to prepay the Loans. iii.                 If                Borrower or any of its subsidiaries sells or issues equity securities                (other than any issuance or sale: to fund expansion capital expenditures,                or to permit conversion of outstanding preferred shares to common                shares                after acquisition thereof from Ken Ricci by MFBO or any of its affiliates,                or to MFBO in connection with obligation to provide additional $29                million                in equity by the end of 2007, or certain intercompany issuance),                100% of                the net equity proceeds will be applied to prepay the Loans. iv.  The                proceeds of any termination payment or similar compensation received                from                an airport authority in respect of the termination of any FBO Lease                will                be                applied to prepay the Loans. v.  If                any insurance proceeds are not used for reconstruction, Borrower                will                prepay that amount of the Term Loan, without penalty, subject to                appropriate materiality tests. |

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| 15.                Optional Repayment       | Repayments                of the Bridge Loan are permitted without penalty (subject to the                payment                of any break funding costs incurred including reversing interest                rate                hedging transactions) upon at least five business days’ written notice.                Optional Repayments of the Bridge Loan must be made in a minimum                amount of                $2,000,000 and in increments of $1,000,000. Amounts repaid under                the                Bridge Loan may not be redrawn.                                                         |
|---------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                        |
| **Working                Capital Facility** |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 16.                Use of Proceeds          | Borrower                may utilize the Working Capital Facility for Letters of Credit and                to fund                specific capital projects outlined in Attachment 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 17.                Maturity Date            | Bridge                Loan Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 18.                Closing Date             | On                initial draw down of Bridge Loan, expected around July 31,                2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 19.                Drawdown                 | Advances                under the Working                Capital Facility may                be made, and Letters of Credit may be issued, on a revolving basis                up to                the full amount of the Working Capital Facility.                                                                                                                                                                                                                                                                                                                                                                                  |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 20.                Repayment                | Repayments                of the Working Capital Facility are permitted without penalty on                any                Interest Payment Date upon not less than three days prior written                notice                to the Working Capital Facility Lender. Optional Repayments of the                Working                Capital Facility must be made in a minimum amount of $100,000 and                in                increments of $50,000. All amounts outstanding under the Working                Capital                Facility shall be due and payable in full on the Maturity                Date. |
|                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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| **III.**  **The Credit Facilities**                   |
|-----------------------------------------------------------------|
| 21.                Mandatory Debt Service                       | Interest,                Commitment Fee, Administrative Agent’s Fee and hedging obligations payable                by the Borrower will be considered Mandatory Debt                Service. |
|                                                            |   |
| 22.                Restricted Payments                (Lock-Up) | Borrower                may make quarterly distributions, including distributions to holders                of                preferred equity (within 35 days following each quarterly payment                date)                only as long as the following conditions have been met: i. The                DSCR for the preceding twelve month period is 1.50 or higher;ii. The                DSCR for the subsequent twelve month period is projected to be 1.50                or                higher;iii. Debt                Service Reserve Account is fully funded;iv. Mandatory                Prepayments have been made;v. No                Default or Event of Default exists;vi. To                the extent that the concession for the Charleston FBO is not renewed                by                January 1, 2008, verification that the projected Site EBITDA of the                Borrower (excluding contributions from the FBO at Atlanta Hartsfield)                exceeds 28.75 million; andvii. In                case a governmental authority notifies the Borrower or any of its                subsidiaries of the need to remediate contamination at any of the                FBOs,                funds to cover the expected cleanup costs (as confirmed by the                Environmental Consultant) shall have been set aside. For                clarification, these conditions shall not apply to the one time                distribution payable to both preferred and ordinary shareholders                at the                closing. |
|                                                            |   |
| 23. EBITDA                covenant                         | At                each distribution date, trailing 12 month Site EBITDA (on a proforma                basis, as if all facilities had been owned for the full twelve months)                shall exceed the following levels:Year   Minimum                EBITDA2007   $27.10                million2008   $28.80                million2009   $30.50                million Failure                to achieve the Minimum EBITDA at any test date shall result in an equity                lockup for 6 months. If, at the end of the six month period, the                threshold                is reached, then cash trapped shall be made available for distribution                (subject to other distribution tests), otherwise cash will be swept                to                repay debt. “Site                EBITDA” shall mean the total consolidated EBITDA of Mercury before                allocation of head office expenses. |

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| 24.                Collateral | The                Facilities are secured by a grant of first priority security interest                in                the following property (subject to acceptable encumbrances):i. Project                Revenues (including all income, revenues, all interest earned on                deposits                and reserves, rates, fees, charges, rentals, or other receipts derived                by                or related to the operations of the Borrower and its subsidiaries,                and any                revenues assigned to the Borrower and its subsidiaries and proceeds                of the                sale or other disposition of all or any part of the Borrower’s or its                subsidiaries’ assets (“Project Revenues”), project accounts and cash                therein, including the Debt Service Reserve Account.ii. (A)                Pledge of all ordinary and preferred shares of the Borrower and (B)                pledge                of all ordinary and preferred shares of each subsidiary of the Borrower.                If such pledge is prohibited under the terms of a FBO lease and the                Borrower is unable to obtain all relevant consents, then the Borrower                will, if not prohibited by the applicable FBO Lease, establish a                new                single purpose holding company subsidiary to own the subsidiary holding                such FBO Lease and pledge the shares of such new holding company                subsidiary.iii. Security                interest in substantially all assets of the business, including,                all FBO                leases (subject to airport authority approval if required), all other                material agreements and rights to receive Project Revenues (including                fuel                contracts, subleases, service agreements, employment agreements),                licenses, equipment and machinery, inventory (including jet fuel)                and                account whether existing at the Closing Date or thereafter acquired,                and                the proceeds thereof. Note that under most of the FBO leases, prior                consent of the airport authority is required to collaterally assign                the                FBO leases, and the Borrower is obligated to use commercially reasonable                efforts to obtain consents from the airport authorities.iv.  Insurance                policies and any claims or                proceeds. |
|-------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 25.                Hedging Requirements           | Borrower                is required to enter into interest rate hedges at financial                close for at least 100% of the Bridge                Loan Facility interest                rate exposure, for the remaining term of the Bridge Loan Facility.                All                hedging payments will rank pari-passu with the Facilities. Borrower                will request proposals for the provision of hedges from the Lead                Arrangers                together with Macquarie Bank Limited. Each of the Lead Arrangers                will                subsequently have a right of first refusal to match the terms of                the best                hedging proposal provided to Borrower and thereafter act as Hedging                Banks                provided that such right of first refusal will only apply to up to                25% of                the interest rate hedge**.** Hedging                Banks will be given customary rights with respect to ranking, security,                voting, events of default and other terms necessary to document the                relationship between Lead Arrangers, Hedging Banks and                Borrower.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
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| 26.                Representations and Warranties | Include: i. Valid                existence of Borrower;ii. Authority                and due authorization of Borrower;iii. Validity                and enforceability of loan documents (subject to standard qualifications)                and non-contravention of organizational documents, laws, etc.iv. No                default;v. Financial                statements;vi. Funding                of pension plans and compliance with ERISA;vii. Payment                of taxes (subject to customary contest rights);viii. No                material pending or threatened uninsured litigation;ix. Ownership                of or leasehold interest in assets; x. No                breach of environmental or other laws in any material respect (subject                to                customary contest rights);xi. No                other business;xii. Insurance                coverage is in line with prudent market practice;xiii. All                consents, filings, and licenses etc. required for conduct of business                have                been obtained and are in full force and effect; xiv. No                encumbrances other than permitted encumbrances;xv. No                indebtedness for borrowed money other than permitted                indebtedness;xvi.                Effectiveness, enforceability of material agreements;xvii.                Creation, perfection and first priority of liens (except permitted                liens);                all required third-party approvals therefor have been obtained and                are in                full force and effectxviii.                Solvency;xix.                Satisfaction of conditions precedent under Purchase and Sale Agreement                between MFBO and the owners of Mercury (“PSA”);xx.                Due authorization and valid issuance of all outstanding equity interests                of Borrower and its subsidiaries;xxi.                Non-deferred payment of purchase price for aviation fuel at prevailing                market prices at time of delivery; andxxii.                Accuracy of information furnished. |

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| 27.                Conditions Precedent | Usual                and customary Conditions Precedent to closing include, but not                limited                to legal opinions satisfactory to Lead Arrangers, payment of all                closing                fees, no Default or Event of Default shall have occurred and be                continuing, no Material Adverse Change (as defined below) and execution                and delivery of documentation satisfactory to the Lead Arrangers,                as well                as closing of the Acquisition and transfer of all common equity interest                in the Borrower to MFBO, and acquisition of a call option by MFBO                to                subsequently acquire the outstanding preferred stock of Borrower,                all                funded exclusively by a cash equity contribution by the Equity Investor;                provided,                however, that any CP as to the accuracy of representations and warranties                as at the closing in all material respects (and the absence of any                Default                or Event of Default relating thereto) shall be limited to the accuracy                of                the representations and warranties in the Stock Purchase Agreement,                rather                than in the loan agreement, except for the following representations:                (1)                authorization of loan transaction, (2) enforceability of loan documents                & non-contravention (3) no encumbrances, (4) limits on indebtedness,                and (5) grant of security interest/perfection of liens. Total cash                equity                contributed by the Equity Investor in an amount such that immediately                following the refinancing and after the one-time distribution to                the                Borrower’s preferred and common shareholders, Equity Investor’s net equity                contribution shall not be less than $230.0 million. “Material                Adverse Change” means an event, condition or circumstance or related                series thereof that results in, or could reasonably be expected to                result                in, a material adverse effect on the business, properties, assets,                liabilities, results of operations or condition of Mercury and its                subsidiaries, taken as a whole, exclusive of any effect arising from                or                related to: (a) any general condition affecting the industry in which                Mercury is engaged; (b) the announcement or pendency of any of the                transactions contemplated by the Stock Purchase Agreement; (c) any                action                taken by Sellers (as defined in the Stock Purchase Agreement) or                Mercury                at MFBO’s request pursuant to the Transaction Documents (as defined in the                Stock Purchase Agreement) (d) acts of war or terrorism, other than                acts of                war or terrorism directly against Mercury, any subsidiary of Mercury                or                any of their assets, or acts of war or terrorism that have a                disproportionate impact on the Mercury, any subsidiary of Mercury                or any                of their assets; (e) general economic, political and financial market                changes; or (f) any failure to obtain any renewal or extension of                the                lease term regarding the real property leased from the City of Atlanta                under the Atlanta Hartsfield FBO lease disclosed on clause (b)(i)                of the                Real Estate Schedule to the Stock Purchase Agreement, unless and                solely if                Mercury Air Center-Hartsfield, LLC or another affiliate of Mercury                has                ceased, or has undertaken affirmative actions to withdraw from, actual                occupancy of such real property.  From                the date of the Stock Purchase Agreement through the Closing, MFBO                shall                promptly notify the Lead Arrangers in writing of any notice from                the                Sellers of any development causing a breach of any of the representations                and warranties in Articles III or IV of the Stock Purchase Agreement                (attaching a copy of such notice from the Sellers). Upon receipt                of such                notice, Lead Arrangers may terminate the lending commitment if, as                a                result of such development, any of the Sellers or the Company is                in                breach, in any material respect, of its representations or warranties                under the Stock Purchase Agreement; provided,                that if Lead Arrangers fail to exercise such termination right within                ten                (10) Business Days after receiving such notification, the Lenders                shall be                deemed to have accepted that such written notice from the Sellers                shall be                deemed to have amended the Schedules to the Stock Purchase Agreement                and                to have qualified the representations and warranties contained in                the                Stock Purchase Agreement for purposes of determining the accuracy                of                representations and warranties at closing. |
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           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| 28.                Undertakings         | Positive                and negative undertakings given by the Borrower in customary form                for                transactions of this nature, including without limitation appropriate                materiality tests, permitted exceptions and, where appropriate, de                minimis                provisions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 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| 29.                Events of Default | Include:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
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|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                 | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Non-payment                (with 3 Business Days grace for interest and other non-principal                amounts); |
|                                 | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Default                by any loan party in performance or breach of other obligations or                undertakings under any Loan Document including the Financing Documents                not                remedied within a 30-day remedy period for affirmative covenants                (extendible for an additional period of up to 60 days if remedy cannot                be                accomplished in original 30 days and is being diligently pursued                and                extension does not result in a material adverse                effect); |
|                                 | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Any                representation or warranty being untrue in any respect which will                have a                material adverse effect on the Borrower's ability to comply with                its                obligations under the Loan Documents; |
|                                 | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Cross-default                with respect to any other debt (other than in respect of any subordinated                debt) subject to materiality threshold; |
|                                 | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Bankruptcy                and insolvency events; |
|                                 | vi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Failure                to pay unstayed and uninsured judgments within 30 days                (with appropriate materiality qualification); |
|                                 | vii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Cessation                or material change of business; |
|                                 | viii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Security                ceases to be effective as first priority security (subject                to permitted liens); |
|                                 | ix.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Any                insurance required is terminated, ceases to be valid or is                amended so as to have a material adverse impact on the Project unless                similar cover replaces such insurance; |
|                                 | x.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Nationalization,                condemnation or government taking that causes an                inability of the Borrower to perform its obligations under the Financing                Documents; |
|                                 | xi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Required                authorizations are revoked or terminated that causes an                inability of the Borrower to perform its obligations under the Financing                Documents; |
|                                 | xii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Failure                to comply with applicable law that will result in a                material adverse effect on the Borrower; |
|                                 | xiv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Failure                to comply with environmental laws; |
|                                 | xv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Backward                DSCR is less than or equal to 1.20 as of the end of any                quarter; |
|                                 | xvi                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Change                of control; |
|                                 | xvii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Failure                to perform any material contract (subject to contest rights                and 30 day remedy period or longer period (up to additional 60 days)                if                remedy cannot be accomplished in 30 days and is being diligently                pursued                and extension does not result in a material adverse effect); provided                that failure on the part of a party other than the Borrower or its                subsidiaries is an Event of Default only if such failure has material                adverse effect; |
|                                 | xviii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Inappropriate                use or withdrawal of funds in project                accounts; |
|                                 | xix.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Default                under the subsidiary guaranty or any other security                agreement; |
|                                 | xx.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Any                Financing Document ceases to be in full force and effect or any                equity securities are not subject to first priority, perfected                lien; |
|                                 | xxi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Any                reportable ERISA event; |
|                                 | xxii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Any                material contract ceases to be in full force and effect, or is                terminated prior to the scheduled expiration date, or any material                provision thereof is declared null and void; |
|                                 | xxiii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Abandonment                of business at any airport for 30                days; |
|                                 | xxiv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Any                event of condition involving financial impact in excess of $10                million that could have a material adverse effect; |
|                                 | xxv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | A                refinance of the Senior Debt facility provided to Atlantic                Aviation FBO Inc. |
|                                 | xxvi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Failure                by MFBO to make an additional equity contribution in the                Borrower of at least $[29] million by December 31, 2007 (either directly                or through the exercise of the call option on all preferred shares                in                Borrower) |
|                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                      | An              Event of Default in (xvii), (xxii) or (xxiii) above that affects an              FBO or              FBOs (other than the five largest FBO contributors of EBITDA) may be              cured              prior to acceleration of the Loans by prepayment of that portion of              the              Bridge Loans that corresponds to the highest of the projected, actual              or              preceding three-year average EBITDA contribution of the affected FBO(s).              Such prepayment will release the affected FBO(s) from the Financing              Documents. This method of cure may be exercised only once during the              term              of the Loans, and only if the proportional EBITDA contribution of the              affected FBO(s) does not exceed 5% of aggregate              EBITDA. |

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| **IV.                Interest Rate and Fees** |                                                                                                                                                                                                                                                                                          |
|-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                          |                                                                                                                                                                                                                                                                                          |
| 30.                Interest Rate              | The                Facilities will bear interest at one, two, three or six month LIBOR                plus                the Applicable Margin.                                                                                                                                              |
|                                          |                                                                                                                                                                                                                                                                                          |
| 31.                Applicable Margin          | 170                bps                                                                                                                                                                                                                                                                        |
|                                          |                                                                                                                                                                                                                                                                                          |
| 32.                Interest Payment Date      | Interest                will be paid in arrears on the last day of each Interest Period,                except in                the case of a six months interest period, where interest will also                be paid                three months from the start of the Interest Period. |
|                                          |                                                                                                                                                                                                                                                                                          |
| 33.                Interest Period            | One,                two, three or six months.                                                                                                                                                                                                                                                 |
|                                          |                                                                                                                                                                                                                                                                                          |
| 34.                Default Rate               | Interest                Rate plus 2% per annum.                                                                                                                                                                                                                                               |
|                                          |                                                                                                                                                                                                                                                                                          |
| 35.                Commitment Fee             | 0.50%                per annum of the undrawn portion of the Facilities payable on any                Interest                Payment Date. The Commitment Fee will accrue in arrears from the                Closing                Date.                                                    |

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| **V.                Flow of Funds**             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 36.                Priority of Payments         | Following                each Interest Payment Date, after payment of operating expenses,                taxes and                required capital expenditures, and the retention/refunding of reserves                for                contingencies and the payment of items reasonably expected to be                due and                payable prior to the next Interest Payment Date, the following                distributions shall be made in the following order of                priority: i.                   Fees                and expenses due to the Lead Arranger and Senior Lenders;ii.                  Interest                on Bridge Loan the and the Working Capital Facility as well as any                hedging                obligations;iii.                 Mandatory                Repayment;iv.                 Mandatory                Prepayments; v.                  any                required payments to the Debt Service Reserve Account;v.                  Optional                Repayment and any hedging termination obligations payable as a result                of                such repayment;vi.                 any                payments (if applicable) to the Distribution Reserve Accountv.                  Distributions                to Equity Investors. |
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 37.                Debt Service Reserve Account | Borrower                shall maintain a Debt Service Reserve Account in an amount equal                to three                months of Mandatory Debt Service payable under the Facilities. The                Debt                Service Reserve Account shall be fully funded on the Closing Date.                Alternatively, a letter of credit by a financial institution rated                at                least A-/A3 may be posted for the benefit of the Senior Lenders on                the                Closing Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| **VI.                Ratios**                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 38.                Debt Service Coverage Ratio  | The                Debt Service Coverage Ratio (“DSCR”) for a particular period will be                calculated on a quarterly basis as the ratio of (a) Net Cash Flow for                the twelve-month period ending on the respective calculation date                to                (b) Mandatory Debt Service for the twelve-month period ending on the                respective calculation date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 39.                Net Cash Flow                | “Net                Cash Flow” means, in respect of any period, (a) aggregate Project                Revenues received during such period plus additional equity contributions                during such period not used to pay for expansion capital expenditures,                less (b) the operating expenses, maintenance capital expenditure and                taxes paid during such period, but excluding any expansion capital                expenditures funded with distributed amounts or equity contributions                or                financed with permitted debt, non-cash charges, interest and principal                payments on the loans, distributions, investments, costs paid by                insurance                proceeds, and employee phantom stock ownership plan                payments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

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| **VII.                General**                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| 40.                Reporting requirements                of the Borrower | i.                    Annual                audited financial statements no later than 90 days after close of                each                fiscal year;ii.    Quarterly                financial statements no later than 45 days after close of each fiscal                quarter;iii.   Contemporaneously                with delivery of (i) and (ii): a compliance certificate stating that                an                Event of Default has not occurred, or if an EoD has occurred and                is                continuing, a statement of proposed cure remedies and a certificate                stating all expansion capital expenditures during the previous quarter                and                the source of funds for such expenditures;iv.   Monthly                operating reports no later than 30 days after close of each month;                and                v.    DSCR                certificate no later than 30 days after the close of each fiscal                quarter,                certifying the DSCR for the twelve-month period. |
|                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 41.                Governing Law                                         | The                documentation is governed by New York law, venue shall be in New                York                County, and contains a waiver of jury                trial.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |

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