BEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.

Docket OST-2010-_______

APPLICATION OF Jet-A, LLC

Communications with respect to this document should be sent to:



### Michael Origel AirlineCert, LLC 3812 Sepulveda Blvd Suite 410 Torrance, CA 90505 (310) 375-7702 phone (310) 375-7713 fax Email: mike@airlinecert.com

Dated: April 20, 2010

Jet-A, LLC

NOTICE : Any person who wishes to support or oppose this application must file an answer by ______________, 2010 and serve that answer on all persons served in this application. Application of

Jet-A, LLC

for a certificate of public convenience and necessity under 49 U.S.C. 41102 to engage in interstate charter air transportationBEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.

Docket OST-2010-_______

APPLICATION OF Jet-A, LLC



### Jet-A, LLC (“Jet-A”) submits this application for a certificate of public

convenience and necessity authorizing intersta te charter air trans portation pursuant to 49

U.S.C. § 41102.

In support of its application, Je t-A states the following:

1. Jet-A, LLC is a limited liability company organized on June 14, 2007 under

the laws of the State of New Jersey. Its pr incipal office is located at 600 Hayden Circle,

Allentown, PA 18109. Jet-A’s telephone number is (877) 672-6767, and its facsimile

number is (877) 662-6767.

2. Jet-A, LLC is currently engaged in providing on-demand, single-entity

charter service in small aircraft (as defined in 14 C.F.R. § 298.2) pursuant to 14 C.F.R. Part

135. Jet-A, LLC currently holds an On-Demand Ai r Carrier Certificate and is a registered

Air Taxi Operator under Part 298 of the Department’s rules.

3. Jet A, LLC requests authority to engage in interstate charter air

transportation of persons, prope rty, and mail in large aircraft so that Jet-A, LLC may

provide on-demand, single-entity charter service using ex ecutive configured Boeing 737 Application of

Jet-A, LLC

for a certificate of public convenience and necessity under 49 U.S.C. 41102 to engage in interstate charter air transportation

### aircraft. Jet-A, LLC has carefully studied the market for on-demand services in executiveconfigured jet aircraft similar in size to th e Boeing 737. Jet-A, LLC has concluded that his

market is not adequately served by other ope rators. Jet-A, LLC has received numerous

expressions of interest in such services from potential customers.

4. Jet-A, LLC requests authority to en gage in interstate charter air

transportation of persons, pr operty, and mail. Jet-A, LLC has provided the fitness

information required by Section 204.3 of th e Department’s Economic Regulations in

Exhibits 1 through 13 to this application.

5. As demonstrated in those exhibits, Je t-A, LLC is a citizen of the United

States as defined in 49 U.S.C. § 40102(a )(15). Its key management personnel have

significant experience in the aviation industry, are well qualified to provide interstate

charter air transportation in the Boeing 737, and are disposed to complying with all

relevant laws affecting Jet-A, LLC’s propos ed operations. In addition, Jet-A, LLC has

sufficient financial resources to begin operati ons without posing an undue risk to Jet-A,

LLC potential customers and passengers.

6. Granting the certificate authority reques ted by Jet-A, LLC will not result in

a near-term net annual change in aircraft fu el consumption of 10 million gallons or more.

Thus, approval of this application will not c onstitute a major regulatory action, or require

an energy statement, under Part 313 of th e Department’s Procedural Regulations.

7. Jet-A, LLC requests that this applic ation be processed under the non-hearing

procedures prescribed by Subchapter B of the Department’s Rules of Practice, and that the

Department’s final decision be issued as expe ditiously as possible. The requested authority

is limited in scope and non-controversial. The evidence submitted in this application

clearly establishes that Jet-A, LLC is fit, willing and able to provide interstate charter air

### transportation of persons, pr operty and mail. Thus, Jet- A, LLC submits that this

application presents no issues of material fact , or other complex issues of law or policy, for

which an oral evidentiary hearing would be necessary or appropriate. Use of non-hearing

procedures will also serve the public interest by making the most efficient use of the

Department’s staff and resources.

WHEREFORE, Jet-A, LLC respectfully requests that the Department grant it a

certificate of public convenience and necessity aut horizing it to provide interstate charter air

transportation of passengers, property and mail in

large aircraft.

Dated: May 6, 2010 Respectfully submitted,

___________________________
Michael Origel AirlineCert, LLC 3812 Sepulveda Blvd Suite 410 Torrance, CA 90505 (310) 375-7702 phone (310) 375-7713 fax Email: mike@airlinecert.com

### Index of Exhibits

Title Exhibit Number

Fitness Information Required by 14 C.F.R. § 204.3 Exhibit 1

Certificate of Good Standing Exhibit 2

Affidavit of Citizenship Exhibit 3

Key Personnel Structure Chart Exhibit 4

Responsibilities of Key Personnel Exhibit 5

Resumes of Key Personnel Exhibit 6

Key Personnel Questionnaires Exhibit 7

Fleet Information Exhibit 8

Copy of Lease and Management Agreements Exhibit 9

Affidavit of Safety Compliance Exhibit 10

Historical Financial Information Exhibit 11

Forecast Financial Information Exhibit 12

18 U.S.C. § 1001 Certification Exhibit 13

Narrative History of Jet-A, LLC Exhibit 14



### Additional Information Request:

Appendix 1 Resumes

Appendix 2 Third Party Line of Credit

### Exhibit 1, Page 1 of 8 Exhibit 1 Fitness Information Required by 14 C.F.R. § 204.3

204.3(a) – The name, address, and te lephone number of the applicant.

Jet-A, LLC 600 Hayden Circle Allentown, PA 18109 (877) 672- 6767

204.3(b) – The form of the applicant's organization. 204.3(c) – The State law(s) under wh ich the applicant is organized. 204.3(d) – If the applicant is a co rporation, a statement provided by the Office of the Secretary of State, or other agent of the State in which th e applicant is incorporated, certifying that the application corporation is in good standing

.
Jet-A, LLC is a limited liability company organize d under the laws of the State of New Jersey. A copy of the Certificate of Good Standing issued by the Office of the Secretary of State of the State of New Jersey on June 14, 2007, is contained in Exhibit 2

.
204.3(e) – A sworn affidavit stating that the a pplicant is a citizen of the United States. The sworn affidavit of citizensh ip is contained in Exhibit 3

.
204.3(f) – The identity of the key personnel who would be employed by the applicant, including: (1) Their names and addresses; (2) The experien ce, expertise, and res ponsibilities of each; (3) The number of shares of the appl icant's voting stock held by each and the percentage of the total number of such shares issued and outstanding, and the citizenship and princi pal business of any person for whose account, if other than the holder, such interest is held; (4) The citizenship of each; and (5) A description of the officerships, di rectorships, shares of stock (if 10 percent or more of total voting stock outstanding), and othe r interests each holds orhas held in any air carrier, foreign air carrier, co mmon carrier, person substantiall y engaged in the business of aeronautics or persons whose principal business (in purpose or fact) is the holding of stock in or control of any air carrier, co mmon carrier or person substantially engaged in the business of aeronautics.

The following individuals have been identi fied by Jet-A, LLC as Key Personnel:

### Exhibit 1, Page 2 of 8

Title Name Address Percentage of Total Membership

Interest 3 Citizenship

Managing Director / Founding Partner Ronald A. Boros PO Box 601441 San Diego, CA 92160 0% USA

Owner Shearson International Corp. PO Box 601441 San Diego, CA 92160 50% USA

President/ Founding
Partner Robert J. Hariri 341 Mendham Road Bernardsville, NJ 07924 50% USA

Director of Operations Ronald A. Boros PO Box 601441 San Diego, CA 92160 0% USA

Director of Maintenance Jeffrey Barnes 1894 Bent Pine Hill Fogelsville, PA 18051 0% USA

Chief Inspector Gerald E. Sykes 13 Brooklyn Road Pomfret Center, CT 06259 0% USA

Chief Pilot Albert Murrer IV 105 Forrest Drive Sinking Spring, PA 18608 0% USA

Charter Coordinator Daniel Baseheart 5076 S. Rainbow Blvd. Unit 204 Las Vegas, NV 89118 0% USA



### The structure chart for the key personnel at Jet- A, LLC, which is an excerpt from its Company Operations Manual, is contained in Exhibit 4 . The descriptions of the responsibilities of the Key Personnel are contained in Exhibit 5 . The experience and expertis e of the Key Personnel are contained in their respective resumes, which are contained in Exhibit 6 . Certifications from the individual Key Personnel regarding ownership of entities engaged in the business of aeronautics are contained in Exhibit 7

.
Based on its operational needs Jet-A, LLC has lis ted the individuals below in its Operations Specification paragraph A006. Thes e individuals meet the requirements of 14 C.F.R. §§ 119.65 and 119.67 and have been approved by the FAA. A copy of Jet-A, LLC’s Operations Specification paragraph A006 is included in Exhibit 4

.
Director of Operati ons Ronald A Boros Chief Pilot – Albert Murrer Director of Maintenance – Jeffrey Barnes

1 All individuals listed in this chart are empl oyed on a full time basis with Jet-A, LLC.

2 These are the home addresses of the Key Personnel as listed on their FAA certif icates, as applicable.

3 As a limited liability company Jet-A, LLC does not have stock. The units of ownership are referred to as “membership interests.” 3 Per the Jet-A, Operating Agreement the member ship interests are owned as outlined above, and the members hold all voting rights.

### Exhibit 1, Page 3 of 8

204.3(g) – A list of all persons havi ng a substantial interest in th e applicant. Such list shall include: (1) Each person's name, address and ci tizenship; (2) The number of shares of the applicant's voting stock held by each such person and the corresponding percentage of the total number of such shares issued and outstanding, and the citizenship and princi pal business of any person for whose account, if other than the holder, such interest is held;

Jet-A, LLC, is a privately held limited liab ility company. There are two members: Shearson International Corporation and R obert Hariri. Each holding 50% interest Together they own 100% of the membership intere sts and control 100% of the voting rights of Jet-A, LLC. _________________ and are the managers of Jet-A, LLC.

204.3(g)(3) If any two or more persons holding a subs tantial interest in th e applicant are related by blood or marriage, such relationship(s) shall be included in the list; and

NONE

204.3(g)(4) If any person or subsid iary of a person having a substa ntial interest in the applicant is or has ever been (i) An air carrier, a foreign air carrier, a common carrier, or (ii) Substantially engaged in the business of aeron autics, or (iii) An offi cer or director of any such entity, or (iv) A holder of 10 percent or mo re of total outstanding vo ting stock of any such entity, the list shall desc ribe such relationship(s).

None, except ownership in, and offices held by Jet- A, LLC with respect to, entities which have held Air Carrier Certificate XQJA013M, whic h is currently held by Jet-A, LLC.

204.3(h) – A list of the applican t's subsidiaries, if any, including a description of each subsidiary's principal business a nd relationship to the applicant.

Jet-A, LLC does not have any subsidiaries.

204.3(i) – A list of the applicant's shares of stock in, or control of, any air carrier, foreign air carrier, common carrier, or pers on substantially engaged in the business of aeronautics.

Jet-A, LLC does not own any shares of stock or membership interests in, and does not control any other entities.

### Exhibit 1, Page 4 of 8 204.3(j) – To the extent any relevant corporation has been engaged in any business prior to the filing of the application, each appl icant shall provide: (1) Copies of the 10K Annual Reports filed in the past 3 years by any relevant corporation required to file su ch reports with the Securities and Exchange Commission, and (2) Copies of recently filed 10Q Quarterly Reports, as necessary, in order to show the financial condition and results of operations of the enterprise current to within 3 months of the da te of the filing of the application.

Jet-A, LLC is a privately held limited liability company and therefore is not required to file 10Q or 10K reports.

204.3(k) – If 10K Reports are not filed with the Securities and Exchange Commission, the following, for the 3 most recent calendar or fiscal years, reflecting the financial condition and results of operations of the enterprise current to within 3 months of the date of the filing of the application: (1) The Balance Sheet of each relevant corporation; (2) The Income Statement of each relevant corporation; (3) All footnotes applicable to the fi nancial statements, including: (i) A statement as to whether the documents were prepared in accordan ce with Generally Accepted Accounting Principles, and (ii) A description of the significant accounting policies of each relevant corporation, such as for depreciation, amortization of intangibles, overhauls, unearned revenues, and cost capitalization; (4) A statement of significant events occurring subsequent to the most recent Balance Sheet date for each relevant corporation; and (5) A statement identifying the person who has prepared the financial statements, his or her accounting qualifications, and an y affiliation he or she has with the applicant.

This information is contained in Exhibit 11

.
204.3(l) – A list of all actions and outstanding judgments for more than $5,000 against any relevant corporation, key personnel employed (or to be employed) by any relevant corporation, or person having a substantial interest in any relevant corporation, including the amount of each judgment, the party to whom it is payable, and how long it has been outstanding.

There is no pending litigation.

### Exhibit 1, Page 5 of 8

204.3(m) – The number of actions and outstandi ng judgments of less than $5,000 against each relevant corporation, key personne l employed (or to be employed) by any relevant corporation, or person having a substantial inte rest in any relevant corporati on, and the total amount owed by each on such judgments.

There are no pending actions or outstanding judg ments of less than $5,000 against any relevant corporation, key personnel, or pers on having a substantial interest in any relevant corporation.

204.3(n) – A description of the applicant's fleet of aircraft, including: (1) The number of each type of aircraft owned, leased and to be purch ased or leased; (2) App licant's plans, including financing plans, for the purchase or lease of addi tional aircraft; and (3) A sworn affidavit stating that each aircraft owned or leas ed has been certified by the FAA and currently complies with all FAA safety standards.

A description of the current Jet-A, LLC fleet is contained in Exhibit 8 . The sworn affidavit is contained in Exhibit 10 . A copy of the Lease Agreement and Aircraft Management Agreement for the Boeing 737 between Jet-A, LLC and IDM Corporate Aviation Services, LLC is contained in Exhibit 9

.
204.3(o) – A description of the curr ent status of all pending inve stigations, enforcement actions, and formal complaints filed by the Department , including the FAA, invol ving the applicant or any relevant corporation, any personnel em ployed (or to be employed) by any relevant corporation or person having a s ubstantial interest in any re levant corporation, regarding compliance with the Statute or orders, rules, re gulations, or requirements issued pursuant to the Statute, and any corrective actions taken. (If an appli cant has a compliance history that warrants it, additional information may be required.)

There are no pending investigations, enforcement actions, or formal complaints filed by the Department against Jet-A, LLC or any of its key personnel.

### Exhibit 1, Page 6 of 8

204.3(p) – A description of all charges of unfair or deceptive or anticompetitive business practices, or of fraud, felony or antitrust violation, brought agai nst any relevant corporation or person having a substantial interest in any relevant corporation, or member of the key personnel employed (or to be employed) by any relevant corporation in the past 10 years. Such descriptions shall include the disposition or current status of each such proceeding.

There are no charges of unfair or deceptive or anticompetitive business practices, or of fraud, felony or antitrust violation, which have been brought against Jet-A, LLC or any of its key personnel.

204.3(q) – A description of any aircraft accident s or incidents (as defined in the National Transportation Safety Board Regulations, 49 CFR 830.2) experienced by the applicant, its personnel, or any relevant corporation, which occurred either during the year preceding the date of application or at any time in the past and which remain under investigation by the FAA, the NTSB, or by the company itself, including: (1) The date of the occurrence; (2) The type of flight; (3) The number of passengers and crew on board and an enumeration of any injuries or fatalities; (4) A description of any damage to the aircraft; (5) The FAA and NTSB file numbers and the status of the investigations, including any enforcement actions initiated agai nst the carrier or any of its personnel; and (6) Positive actions taken to prevent recurrence. (If an applicant's history of accidents or incidents warrants it, additional information may be required.)

Neither Jet-A, LLC nor any of its key personnel have been involved in an accident or incident in the one year period preceding the date of the application, or in the past where the accident or incident is still under investigation by the FAA, NTSB or Jet-A, LLC.

204.3(r) – A brief narrative history of the applicant.

The narrative history of Jet-A, LLC is contained in Exhibit 14

.

204.3(s) – A description of all Federal, State and foreign authority under which the applicant has conducted or is conducting transportation operations, and the identify of the local FAA office and personnel responsible for processing an application for any additional FAA authority needed to conduct the proposed operations.

Jet-A, LLC currently holds a Part 135 On Demand Air Carrier Certificate number XQJA013M, and is a registered Air Taxi Operator under Part 298 of the Department’s rules. Jet-A, LLC has not completed the necessary regulatory requirements to add the Boeing 737 to its Operations Specifications, however it is in process. A copy of the current Operations Specification D085 is
attached as Exhibit 8

.

### Exhibit 1, Page 7 of 8

The Certificate Holding District Office for Jet-A, LLC is:

Allentown Flight Standards District Office
Federal Aviation Administration 961 Marcon Blvd. Suite 111 Allentown, Pennsylvania 18109 The Principal Operations Inspector for Jet-A, LLC is:

Robert Ference Aviation Safety Inspector Allentown Flight Standards District Office
Federal Aviation Administration 961 Marcon Blvd. Suite 111 Allentown, Pennsylvania 18109
Phone: 610-264-2888 ext. 234

204.3(t) – A description of the service to be operated if the application is granted, including: (1) A forecast Balance Sheet for the first normal year ending after the initially proposed operations have been incorporated, along with the assumptions underlying the accounts and amounts shown; and (2) A forecast Income Statement, broken down by quarters, for the first year ending after the initially proposed operations are normalized, and an itemization of all pre-operating and start-up costs associated with the initiation of the proposed service. Such Income Statement shall include estimated revenue block hours (or airborne hours, for charter ope rators) and revenue miles by type of aircraft, number of passengers and number of tons of mail and cargo to be carried, transport revenues and an estimate of the traffic which would be generated in each market receiving the proposed service. Such statements shall also include a statement as to whether the statements were prepared on the accrual or cash basis, an explanation of how the estimated co sts and revenues were developed, a description of the manner in which costs and revenues are allocated, how the underlying traffic forecasts were made, and what load factor has been assumed for the average and peak month. Pre-operating and start-up costs should include, but are not limited to, the following: Obtaining necessary government approval; establishing stations; introductory adve rtising; aircraft, equipment and space facility deposits and rent; training; and salaries earned prior to start-up.

This information is contained in Exhibit 12.

### Exhibit 1, Page 8 of 8

204.3(u) – A signed counterpart of Agreement 18900 (OST Form 4523) as required by part 203 of this chapter.

OST Form 4523 is being filed concurrently herewith in Docket DOT-OST-1995-236 (Docket 17325).

204.3(v) – 18 USC § 1001 Certification

The signed certification is contained in Exhibit 13

.
Family Assistance Plan

The Family Assistance Plan required pur suant to 49 USC § 41113 is being filed concurrently herewith in Docket DOT-OST-1996-1960.

Passenger Manifest Statement

The Passenger Manifest Statement required pursuant to 14 CFR § 243.13 is being filed concurrently herewith in Docket DOT-OST-1998-3305.Exhibit 2, Page 1 of 1 

### Exhibit 2 Certificate of Good Standing

### Exhibit 4, Page 1 of 2 Exhibit 4 Key Personnel Structure Chart

### Exhibit 5, Page 1 of 6

Exhibit 5 Responsibilities of Key Personnel

DUTIES, RESPONSIBILITIES and AUTHORITIES



### Managing Director

The Managing Director is responsible for the selection and em ployment of all employees of this company. He is respons ible for the appointment of qualified staff members and for ensuring that each employee is properly instructed to perform his or her duties and responsibilities. He is responsib le for the overall safety and efficiency of company operations. The Managing Director has the authority to establish and change company policy as necessary in acco rdance with this manual. He may delegate functions to other personnel, but retains responsibility. He also must be highly knowledgeable of the entir e content of the Operat ions Manual, Operations Specifications and all Federal Av iation Regulations pertaining to the company operation.

### Exhibit 5, Page 2 of 6

Director of Operations

The Director of Operations is directly responsib le to the Managing Director and he supervises the Chief Pilot, Charter Coordina tor, and other Flight department employees. The Director of Operations has the authority to act in the assign ed area of responsibility in accordance with this manual.

Specific duties, responsibilities a nd authority are as follow:

1. Maintain Master copy of the Operations Manual.

2. Supervises the distribution and posting of all information rela tive to any changes affecting company policy, route information, airport nav – aids, NOTAMS, aeronautical charts, checklists, etc.

3. Ensures that all flight operat ions are conducted safely and in compliance with all Federal Aviation Regulations, Operations Specifica tions, and Company policies including the tracking and location of company aircra ft and all times. Refer Section L

4. Has authority to act for Jet-A, including th e signing of FAA correspondence and operations specification sections A, B, C.

5. Communicates with the FAA Flight Standards District Office and the National Transportation Safety Board. Files a ll required reports and documents.

6. Devises revisions to this manual as needed, submits the proposed re visions to the FSDO, receives confirmation from the FSDO that the re visions are acceptable, and then distributes those revisions to all manual holders.

7. Schedules aircraft availability, including sche duling the aircraft for required inspections.

8. Coordinates with the Direct or of Maintenance the timel y correction of mechanical irregularities and discrepancies.

9. Obtains the necessary flight perm its and diplomatic clearances prior to the departure for all flights into or over foreign countries li sted in the Operations Specifications.

10. He may delegate functions to other personnel, but retains resp onsibility. He also must be highly knowledgeable of the en tire content of the Opera tions Manual, Operations Specifications and all Federal Aviation Regulat ions pertaining to the company operation.

In the absence of the Director of Operations , the Chief Pilot will a ssume the duties of the Director of Operations.

### Exhibit 5, Page 3 of 6

Chief Pilot The Chief Pilot has the authority to act in the assigned area of responsibi lity in accordance with this manual. Specific duties, responsib ilities and authority are as follow:

1. Reports to the Direct or of Operations.

2. Supervises flight crew personnel.

3. Conducts or supervises all trai ning activities of flight crew personnel and is responsible for all company training programs.

4. Has authority to act for Jet-A, including th e signing of FAA correspondence and operations specification sections A, B, C.

5. Advises the Director of Oper ations regarding the training of flight crew personnel.

6. Assists the Director of Opera tions in formulating operations policies, coordinates those policies, and coordinates operations and training.

7. Ensures that all aircraft are properly equipped for applicable operations.

8. Disseminates information to all crewmember s pertaining to routes , airports, NOTAMS, NAVAIDS, company policie s, and regulations.

9. Maintains proficiency as Pilot-in-Command.

10. Schedules flight crewmembers, includi ng assigning Pilot-in -Command duties.

11. Prepares and maintains proficiency records, p ilot files, flight sche dules, duty time records, reports, and correspondence pertaining to flight operations activities.

12. Submits all reports regarding flight pers onnel to the Director of Operations.

13. Keeps the aircraft copies of this Operations Manual current.

14. Ensures that all flight crew personnel are certified and supervised according to the requirements specified in the Federal Aviation Regulations.

15. He may delegate functions to other personnel, but retains resp onsibility. He also must be highly knowledgeable of the en tire content of the Opera tions Manual, Operations Specifications, Flight Manuals and all Fede ral Aviation Regulations pertaining to the company operation.

16. In the absence of the Chief Pilot, the Director of Operations or the Assistant Chief Pilot will assume the duties of the Chief Pilot.

17. Ensures Aircraft checklists are current on aircraft.

### Exhibit 5, Page 4 of 6

Charter Coordinator

Specific duties are as follows:

1. Reports to the Direct or of Operations.

2. Informs the Director of Operations as to the location of all company aircraft.

3. Is responsible for the booking of pa ssenger reservations and requests incl uding catering, hotel, ground transportation, and other ground requirements in assisting the PIC.

4. He is responsible for getting al l pertinent information to the fl ight crew regarding passenger requests and needs.

5. Invoices all flights.

6. He will assist the Chief Pilot in the scheduling of flight crew.

7. He must be thoroughly familiar with the cont ent of the Operations Manual, Operations Specifications, and Federal Av iation Regulations pertaining to his / her duties.

### Exhibit 5, Page 5 of 6

Director of Maintenance

The Director of Maintenance has the authority to act in the assigned ar ea of responsibility in accordance with this manual. Specific duties, re sponsibilities and authority are as follow:

1. Reports to the Mana ging Director.

2. Is responsible for all maintena nce and inspection personnel and signing of Part D & E of the Operations Specifications.

3. Ensures that company aircraft are ma intained in an airworthy condition.

4. Ensures that all inspections, repairs, and co mponent changes are accomplished in accordance with manufacturers or FAA approved procedures.

5. Ensures compliance with maintenance procedures , airworthiness directives, service bulletins, service letters, and applicable Federal Aviation Regulations.

6. Ensures all maintenance technicians are trained a nd current on the types of aircraft for which approved and assigns their duties an d responsibilities as necessary.

7. Ensures that all maintenance technicians ar e certified and supervised according to the requirements specified in the Federal Aviati on Regulations and are participating in an approved Drug Testing Program.

8. Coordinates with maintenance contracting agencies when ma intenance activities are being performed on company aircraft.

9. Provides the Director of Operati ons with the current airworthine ss status of the aircraft and the forecast down times to facil itate maintenance scheduling a nd insure timely deferral or correction of aircraft discrepancies.

10. Maintains a close liaison with manufacturer's representatives, parts supply houses, repair facilities and the FAA.

11. Makes available to maintenance personnel the ne cessary overhaul manuals, service bulletins, service letters, airworthiness directives, appli cable sections of this manual, and any other required technical data.

12. Maintains all necessary work records and logboo ks, including certification in the aircraft permanent maintenance records that the aircra ft is approved for return to service.

13. Maintains the weight and balance records for all aircraft.

14. Completes the required MRR and MIS reports and submits them to the Director of Operations for forwarding to the FAA.

15. Responsible for overseeing the MEL programs for company aircraft.

### Exhibit 5, Page 6 of 6

Chief Inspector

The Chief Inspector has the authority to act in th e assigned area of responsibility in accordance with this manual. Specific duties, respons ibilities and authority are as follow:

1. Reports to the Director of Maintenance.

2. Monitors workmanship and materials to verify that applicable compa ny policies and Federal Aviation Regulations and sta ndards are complied with.

3. Coordinates with the Federal Aviation Admini stration (FAA) and obtai ns FAA approval for the company Operations Specifications whic h authorizes the maintenance and overhaul

programs.

4. Conducts surveillance a nd monitors the proper accomplishm ent of the approved maintenance

programs.

5. The Chief Inspector may delegate duties but re mains responsible for those duties delegated.

6. Provides, develops and operates a records system.

7. Monitors proper completion and preservati on of required and related records.

8. Conducts periodic inspections of Parts Departme nt and Tool and Test Equipment to ensure compliance with regulations and company st andards and takes action when required.

9. Develops necessary data for making a required analysis for time escalations of aircraft, engines and components overhau l and inspection periods.

10. Maintains training files for all main tenance and inspection personnel.

11. Authorizes and issues Special Flight (Ferry) Permits.

12. Monitors FAR’s and Orders for appli cability to Jet-A, LLC aircraft.

13. Establishes and maintains a technical library.

14. Develops work cards for inspection or maintenance and modification work.

15. Provides receiving inspection training to stores’ personne l for receiving parts.

16. Issues RII Authorization to qualified technicians.

17. Assumes responsibility for the maintenan ce inspection of all FAR Part 135 company operated aircraft.

18. Conducts surveillance and analys is of aircraft, engines and components data to determine reliability status.

19. Conducts routine surveillance of aircraft discrepancies, mechanical delays and other operational data to identify aircraft and component’s pattern problem areas.

20. Prepares and controls MRR a nd MIS reports to the FAA.

21. Assists the Managing Director and Director of Operati ons in responding to FAA Correspondence and Investigations of operational incidents.

22. Represents Company in FAA liaison activities as directed.

### Exhibit 6 Page 1 of 3

Director of Operations 135 Resume Date: 01.03.09 135Cert, LLC © 2004-2009 

# Jet-A
The Information provided compli es with the previsions of FAR 119.71 for the position of Director of Operations.

Compliance with 119.71 (c)

Flight Experience

Aircraft Flown Hours Jet Time 9050 B747 / B737 1550 Total PIC 8000 CL60 / CL64 6800 Instrument Time Total Time 10,600 Night Time

Work Experience

From –To Company Certificate Number (Charter Company) Position


### 6/07 – Present Jet-A, LLC XQ JA013M Director of Operations

1999 – 2007 Shearson Avia tion N/A Captain

1997 – 1999 Air Canada Flight Officer 2

1996 – 1998 Bombardier N/A Demo / Test Pilot

2000 – 2001 Alaska Airlines First Officer Airman’s Information Name: Ronald A. Boros Certificate Number 2406774 Address: PO Box 601441 Type ATP City, State, Zip San Diego, CA 92160 Date Received Phone: 877-672-6767 Type Ratings CL64/CL60 Cell: 619-855-0444 Medical Type First Fax: 619-330-2289 Medical Date 1 0/2010Chief Pilot 135 Resume Date: 01.03.09 135Cert, LLC ©2004-2009 

# Jet-A, LLC
The Information provided compli es with the previsions of FAR 119.71(c)(1) for the position of Chief Pilot.

Compliance with 119.71 (c)

Flight Experience

Aircraft Flown Hours Jet Time 4000 DC10/A320 3000 Total PIC 4380 CL60 700 Instrument Time 1200 Total Time 8325 Night Time 3500

Work Experience

From –To Company Certificate Number (Charter Company) Position


### 12/08 – Present Jet-A, LLC XQJA013M Chief Pilot

7/08 – 04/10 Cameron Henkind – Gen Av. Flying Svc, Inc IMJA053F Captain

04/99 – Present Quest Diagnostic N/A Captain

01/08 – 07/08 Virgin America VQIA199L First Officer

03/05 – 01/08 Omni Air Int’l. CNMA334B Captain Airman’s Information Name: Albert Murrer IV Cert ificate Number 142887683 Address: 105 Forrest Drive Type ATP City, State, Zip Sinking Spring, PA 19608 Date Received 09/05/08

Phone: Type Ratings DC10/A320/CL60 Cell: (770) 316 4986 Medical Type First Fax: Medical Date 01/30/10

## Jet-A, LLC

Objective : To serve as the Directo r of Maintenance for Jet-A

Mechanics Information Name: Jeffrey D. Barnes Certificate Information A&P / CPL Address: 1894 Bent Pine Hill Type B737 City, State, Zip Fogelsville, PA 18051 Date Received 08/01/07 Phone: (877) 672 6767 EXT 2 Cell: (610) 751 0237 Fax: (877) 772 6767

Compliance with 119.71

Aircraft Maintained Boeing 737 Boeing 747-200 Challenger 600 Boeing 757/767 Boeing 727 / 707 Gulfstream I, II, IV Airbus 320 Hawker 800XP

Work Experience

From –To Company 121, 125 or 135 Certificate Number Position

08/10 – Present Jet-A, LLC Pa rt 135 – XQJA013M Director of Maintenance 01/05 – 08/10 CSC Transport Part 125 Director of Maintenance – F.O. 12/96 – 12/04 Business Aerotech N/A Flight Engineer

08/93 – 12/96 B.F. Goodrich Aerospace N/A Maintenance Tech

06/80 – 10/92 U.S. Air Force N/A Crew Chief

### Exhibit 7, Page 1 of 9 Exhibit 7

Key Personnel Questionnaires

Questionnaire Ronald A Boros

It is necessary for you, as a current or prospective director, officer, or key manager of Jet-A, LLC, to provide the information specified below so that the company can complete its submission. Please note that your answers will be relied upon in the preparation of the submission, and that the presentation of false or misleading answers could result in DOT taking adverse action against Jet-A, LLC. Accordingly, your utmost candor and thoroughness are greatly appreciated.



### 1. Please state your full name, home a ddress, and business address.

Ronald Boros

Home: P.O. Box 601441 San Diego, CA 92160

Office: Jet A, LLC 600 Hayden Circle Allentown, PA 18109

2. Please identify your country of citizenship.

United States

3. Please identify the position(s) that you will hol d at Jet-A, LLC, including any position as a director, officer, or senior manager.

Vice-President, Managing Direct or, Director of Operations

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for another’s account. If you are holding shares of Jet-A, stock for anot her’s account, please identify the name and citizenship of that individual or business.

50% of Jet-A, LLC held through Shearson Inte rnational Corp, of which I maintain 100% ownership

5. Please describe any directorship, officership, shares of stock ( but only if it equals 10% or more of the total voting stock outstanding), or ot her interest that you hold, or have held, in any of the following:

### Exhibit 7, Page 2 of 9

1) a domestic air carrier; NONE 2) a foreign air carrier; NONE 3) a common carrier; NONE 4) a company substantially engaged in the business of aeronautics; or NONE 5) a company whose principal busin ess (in purpose or fact) is the holding of stock in, or control of, any domestic air carrier, fore ign air carrier, common carrier, or company substantially engaged in th e business of aeronautics. NONE

6. If you are related by blood or marriage to any director, officer, or other person holding a substantial interest in Jet-A, LLC , please state that relationship.

NONE

7. Please list all actions and out standing judgments for more than $5,000 against you, including the amount of each judgment, the party to whom it is payable, and how long it has been outstanding.

NONE

8. Please list all actions and out standing judgments of less than $5,000 against you, including the amount of each judgment.

NONE

9. Please describe all pending investigations, enfo rcement actions, and formal complaint filed by DOT, including the Federal Aviation Admini stration, involving you regarding compliance with the federal aviation statutes or orders, rule s, regulations, or requirements issued pursuant to the statutes, including informa tion on any correctiv e actions taken.

NONE

10. Please describe all charges of unfair or deceptiv e or anticompetitive business practices, or of fraud, felony, or antitrust violation, brought ag ainst you in the past 10 years, including information on the disposition or current status of each such proceeding.

NONE

### Exhibit 7, Page 3 of 9

11. Please describe any aircraft accidents or incide nts (as defined in the National Transportation Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: (a) during the last 12 months, or (b) at any time in the past if it remains under investigation by the FAA, the NTSB, or by the company for which you worked. Your description should include the following information regarding each accident and incident: (a) the date of the occurrence; (b) the type of f light; (c) the number of passengers and crew on board and an enumeration of any injuries or fatalities; (d) a description of any damage to the aircraft; (e) the FAA and NTSB file numbers and the st atus of the investigation, including any enforcement actions initiated against you or the company for which you worked; and (f) positive actions taken to prevent recurrence.

NONE

I hereby certify that I have answered this que stionnaire truthfully a nd to the best of my knowledge and belief.

### Exhibit 7, Page 4 of 9

Questionnaire for Albert Murrer

It is necessary for you, as a current or prospe ctive director, officer, or key manager of JetA, LLC, to provide the information specified below so that the company can complete its submission. Please note that your answers will be relied upon in the preparation of the submission, and that the presentati on of false or misleading answers could result in DOT taking adverse action against Jet-A, LLC. Accord ingly, your utmost ca ndor and thoroughness are greatly appreciated.

1. Please state your full name, home a ddress, and business address.

Albert Murrer

Home: 105 Forrest Drive Sinking Springs, PA 19608

Office: Jet A, LLC 600 Hayden Circle Allentown, PA 18109

2. Please identify your country of citizenship.

United States

3. Please identify the position(s) that you will hol d at Jet-A, LLC, including any position as a director, officer, or senior manager.

Chief Pilot

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for another’s account. If you are holding shares of Jet-A, LLC stock for another’s account, please identify the name and citizenship of that individual or business.

NONE

5. Please describe any directorship, officership, shares of stock ( but only if it equals 10% or more of the total voting stock outstanding), or ot her interest that you hold, or have held, in any of the following:

1) a domestic air carrier; NONE 2) a foreign air carrier; NONE 3) a common carrier; NONE

### Exhibit 7, Page 5 of 9

4) a company substantially engaged in the business of aer onautics; or 5) a company whose principal business (in purpo se or fact) is the holding of stock in, or control of, any domestic air carrier, fore ign air carrier, common carrier, or company substantially engaged in th e business of aeronautics.

6. If you are related by blood or marriage to any director, officer, or other person holding a substantial interest in Jet-A, LLC, please state that relationship.

NONE

7. Please list all actions and out standing judgments for more than $5,000 against you, including the amount of each judgment, the party to whom it is payable, and how long it has been outstanding.

NONE

8. Please list all actions and out standing judgments of less than $5,000 against you, including the amount of each judgment.

NONE

9. Please describe all pending investigations, enfo rcement actions, and formal complaint filed by DOT, including the Federal Aviation Admini stration, involving you regarding compliance with the federal aviation statutes or orders, rule s, regulations, or requirements issued pursuant to the statutes, including informa tion on any correctiv e actions taken.

NONE

10. Please describe all charges of unfair or deceptiv e or anticompetitive business practices, or of fraud, felony, or antitrust violation, brought ag ainst you in the past 10 years, including information on the disposition or curren t status of each such proceeding.

NONE

### Exhibit 7, Page 6 of 9

11. Please describe any aircraft accidents or incide nts (as defined in the National Transportation Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: (a) during the last 12 months, or (b) at any time in the past if it remains under investigation by the FAA, the NTSB, or by the company for which you worked. Your description should include the following information regarding each accident and incident: (a) the date of the occurrence; (b) the type of f light; (c) the number of passengers and crew on board and an enumeration of any injuries or fatalities; (d) a description of any damage to the aircraft; (e) the FAA and NTSB file numbers and the st atus of the investigation, including any enforcement actions initiated against you or the company for which you worked; and (f) positive actions taken to prevent recurrence.

NONE

I hereby certify that I have answered this que stionnaire truthfully a nd to the best of my knowledge and belief.

### Exhibit 7, Page 7 of 9

Questionnaire for Jeffrey Barnes

It is necessary for you, as a current or prospe ctive director, officer, or key manager of JetA, LLC, to provide the information specified below so that the company can complete its submission. Please note that your answers will be relied upon in the preparation of the submission, and that the presentati on of false or misleading answers could result in DOT taking adverse action against Jet-A, LLC. Accord ingly, your utmost ca ndor and thoroughness are greatly appreciated.

1. Please state your full name, home a ddress, and business address.

Jeffrey Barnes

Home: 1894 Bent Pine Hill Fogelsville, PA 18051



### Office: Jet A, LLC 600 Hayden Circle Allentown, PA 18109

2. Please identify your country of citizenship.

United States

3. Please identify the position(s) that you will hol d at Jet-A, LLC, including any position as a director, officer, or senior manager.

Director of Maintenance

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for another’s account. If you are holding shares of Jet-A, LLC stock for another’s account, please identify the name and citizenship of that individual or business.

NONE

5. Please describe any directorship, officership, shares of stock ( but only if it equals 10% or more of the total voting stock outstanding), or ot her interest that you hold, or have held, in any of the following:

1) a domestic air carrier; NONE 2) a foreign air carrier; NONE 3) a common carrier; NONE

### Exhibit 7, Page 8 of 9

4) a company substantially engaged in the business of aeronautics; or 5) a company whose principal business (in purpo se or fact) is the holding of stock in, or control of, any domestic air carrier, fore ign air carrier, common carrier, or company substantially engaged in th e business of aeronautics.

6. If you are related by blood or marriage to any director, officer, or other person holding a substantial interest in Jet-A, LLC , please state that relationship.

NONE

7. Please list all actions and outstanding judgments for more than $5,000 against you, including the amount of each judgment, the part y to whom it is payable, and how long it has been outstanding.

NONE

8. Please list all actions and out standing judgments of less than $5,000 against you, including the amount of each judgment.

NONE

9. Please describe all pending investigations, enfo rcement actions, and formal complaint filed by DOT, including the Federal Aviation Admini stration, involving you regarding compliance with the federal aviation statutes or orders, rule s, regulations, or requirements issued pursuant to the statutes, including informati on on any corrective actions taken.

NONE

10. Please describe all charges of unfair or deceptiv e or anticompetitive business practices, or of fraud, felony, or antitrust violation, brought ag ainst you in the past 10 years, including information on the disposition or current status of each such proceeding.

NONE

### Exhibit 7, Page 9 of 9

11. Please describe any aircraft acc idents or incidents (as define d in the National Transportation Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: (a) during the last 12 months, or (b) at any time in the past if it remains under investigation by the FAA, the NTSB, or by the company for which you wo rked. Your descripti on should include the following information regarding each accident and incident: (a) the date of the occurrence; (b) the type of flight; (c) the numb er of passengers and crew on board and an enumeration of any injuries or fatalities; (d) a desc ription of any damage to the airc raft; (e) the FAA and NTSB file numbers and the status of the investigation, in cluding any enforcement actions initiated against you or the company for which you worked; and (f) pos itive actions taken to prevent recurrence.

NONE

I hereby certify that I have answered this que stionnaire truthfully a nd to the best of my knowledge and belief.

### Exhibit 8 Exhibit 8 Aircraft Information

### Exhibit 9, Page 1 of 10

Exhibit 9 Copy of Lease Agreement

AIRCRAFT DRY LEASE AND CHARTER MANAGEMENT AGREEMENT

THIS AIRCRAFT DRY LEASE AND CHARTER MANAGEMENT AGREEMENT (this

" A GREEMENT ") is made as of the 26 day of March, 2010 between, IDM CORPORATE AVIATION SERVICES, LLC , a Texas limited liability company, whose principal office is at 275 E Tropicana Ave, Suite 100, Las Vegas NV 89169-7365 (“ O WNER ”), and JET-A, LLC , a New Jersey limited liability company, whose principal office is at 600 Hayden Circle Allentown, PA 18109(“ O PERATOR ”).

WHEREAS, Owner owns that certain Boeing 737-2H4 aircraft, bearing manufacturer’s serial number 22062, and currently bearing FAA registrati on number N500VP as further described in
E XHIBIT A , attached hereto and incorporated herein (the “ A IRCRAFT ”);

WHEREAS, Operator holds a Federal Aviation Regulation (“ FAR ”) Part 135 On-Demand Air Carrier certificate number XQJA013M (the “ C ERTIFICATE ”) and is required by FAR 135.25 to have the exclusive use of at least one aircraft that meets the requirements for at least one kind of operation authorized in the certificate holder's opera tions specifications and the Aircraft meets at least one kind of operation authorized in the certificate holder's operations specifications; and

WHEREAS, Owner desires to dry lease the Aircra ft to Operator on an exclusive basis, and Operator desires to dry lease the Aircraft from Owne r, so that Operator may place the Aircraft on its Certificate and operate the Aircraft in charter service in accordance with the requirements of FAR
Part 135.

NOW THEREFORE, the parties agree as follows:

A RTICLE I – L EASE OF A IRCRAFT

Owner hereby dry leases the Aircraft to Operator on an exclusive basis, so that Operator may operate
the Aircraft for on-demand FAR Part 135 charter fli ghts and the associated FAR Part 91 positioning, training and maintenance flights (“ O PERATOR F LIGHT ( S ) ”), under the terms of this Agreement. Owner shall deliver the Aircraft to Operator on or about June 30, 2010, or another mutually agreed upon time (the “ D ELIVERY D ATE ”), at Allentown Airport (KABE) or another mutually agreed upon location (the “ D ELIVERY L OCATION ”), to allow Operator to conduct the necessary inspections, maintenance, proving runs, equipment upgrades, and other items required by the FAA in order to place the Aircraft on the Operator’s Operations Specifications (the “ C ONFORMITY P ROCESS ”). Owner shall reimburse Operator for its expenses in completing the Conformity Process, including but not limited to labor costs, flight costs for the Aircraft, and any maintenance necessary to bring the Aircraft into conformity with FAR Part 135 standards.

### Exhibit 9, Page 2 of 10

A 

### RTICLE II -O 

### PERATIONAL C 

### ONTROL /M 

### ANAGEMENT S 

### ERVICES

a) O PERATOR F LIGHTS

. During each Operator Flight during the Term (as defined below) of this Agreement, Operator shall have “operational cont rol” of the Aircraft as that phrase is defined in the Federal Aviation Regulations, and interpreted by the FAA, and Owner agrees and acknowledges that Operator will have complete and sole control and authority over the Aircraft and any and all crewmembers assigned to operate the Aircraft du ring the Operator Flight(s). Owner agrees and represents that in no event will it exercise, or a ttempt to exercise, control or authority over any crewmember assigned to operate the Aircraft during an Operator Flight(s). In the event that Owner exercises, or attempts to exercise, control or authority over the crewmembers it shall be deemed to be an Owner Event of Default, and the terms of Section 12 shall apply. b) S CHEDULING

. Throughout the Term (as defined below) of this Agreement Operator shall be responsible for scheduling the use and maintenance of the Aircraft. c) C OMPLIANCE . Operator agrees that it will operate all Operator Flights in accordance with the applicable FAR, and other government regulations and laws. d) M ANAGEMENT S ERVICES . In addition to the other duties and obligations of Operator outlined herein, Operator also agrees to provide the following management services with respect to the Aircraft: (1) schedule and arrange for maintena nce and training in the Aircraft to maximize the availability of the Aircraft for charter, (2) act as Owner’s liaison with the FAA and DOT, (3) prepare the Accounting (defined below) and other documentation reasonably requested by Owner for its recordkeeping needs, (3) file IRS Federal Excise Tax returns and fuel credit forms, (4) arrange for hangar space at Home Base, and hangar or ramp space at other locations, (5) provide passenger and flight support services to third parties and to Owne r for Operator Flights, including but not limited to arranging for ground transportation and special ca tering, (6) arrange for the necessary operational and flight specific services including but not limi ted to weather services, customs handling, charts and other navigation materials, (7) advise Owner re garding changes in the valuation of the Aircraft, available upgrades and refurbishments, and discretionary maintenance items with respect to the Aircraft, and (8) develop and implement a coordinated emergency response plan for Aircraft
incidents/accidents. e) O WNER ’ S I NSPECTION . Owner may at any reasonable time inspect the Aircraft, Aircraft records, and Operator’s records with respect to the Aircraft. Notwithstanding the foregoing, Owner may not schedule an inspection of the Aircraft at a time which will interfere with an Operator Flight or scheduled maintenance, and Owner may only schedule a review of records during Operator’s
normal business hours.

### Exhibit 9, Page 3 of 10

A 

### RTICLE III -T 

### ERM

The term of this Agreement shall be one (1) year, beginning on the 30th day of June, 2010, and shall renew for an indefinite number of additional one (1) year terms, unless terminated by either party, as noted below. Either party may terminate this Ag reement by written notice of termination posted no less than thirty (30) days prior to the intended date of termination. Notwithstanding the foregoing, in the event that the Aircraft is damaged or destroyed during the Term of the Agreement, Owner may terminate this Agreement upon written notice to Operator.

A RTICLE IV -C REWMEMBERS

Operator shall select and hire as employees, or en gage as agents, as many crewmembers as Operator deems necessary, in its reasonable discretion, to conduct the operations contemplated under this Agreement. Operator shall arrange for the training and checking of such crewmembers in accordance with Operator’s FAA approved Part 135 training program. Each crewmember utilized by Operator for Operator Flights will be specifically listed by name and airman certificate number in Operator’s records and this information will be readily available for inspection as specified in FAR section 135.63. Owner shall reimburse Operator for the costs associated with employing and training 3 crewmembers (“ C REW E XPENSES ”), and the costs associated with engaging supplemental crewmembers when necessary. In the event that Operator determines that it is necessary to hire an additional crewmember(s) to meet the scheduling needs for the Aircraft, Owner shall reimburse Operator for the salary and benefits paid by Operator to such additional crewmember(s), and the training costs associated with such additional crew member(s). Operator shall provide Owner with at least seven (7) days prior written notice of its intent to hire an additional crewmember(s). Notwithstanding the fact that Owner will reimburse Operator for the costs associated with certain crewmembers, Operator shall be free to assign any qualified crewmember to any Operator Flight and may use any crewmember that it employs, or engages as an agent, to pilot any aircraft in Operator’s fleet on which such individual is qualified to serve as a crewmember.

In the event the Owner, or any subsidiary, parent or other entity that shares common ownership or control with Owner, employs or otherwise contract s for the services of any employee of Operator (“ O PERATOR E MPLOYEE ”) at any time during the Term or during the six (6) month period following a termination of this Agreement for any reason, the Owner agrees in consideration of Operator's indoctrination and development of such individual(s) to compensate Operator for its loss of the human resources and experience involved, to pay Operator a fee of $TBD for each Operator Employee hired away from Operator.

In the event of expiration or termination of this Agreement, unless otherwise provided herein, Owner shall be responsible to Operator for the Crew Expenses for a period of TBD (__) days from the
effective date of such termination.

### Exhibit 9, Page 4 of 10

A RTICLE V -M AINTENANCE

a) M AINTENANCE D UTIES

. Operator will, at the sole cost and expense of Owner, cause the Aircraft to be maintained and inspected in accordance with Operator’s FAA approved Part 135 maintenance program, the manufacturer’s recommendations, and any other applicable laws and regulations of the Department of Transporta tion, Federal Aviation Administration, or other applicable governmental entity. Operator shall ensure that the a Minimum Equipment List and Reduced Vertical Minimum Separation authori zation are developed and implemented for the Aircraft. Operator will also ensure that the main tenance records and maintained in accordance with all applicable laws and regulations, and shall maintain a copy of all maintenance records for the Aircraft at its principal base of operations. Owner sh all deliver to Operator a copy of all maintenance records relating to the Aircraft on the Delivery Date. b) P AYMENT A RRANGEMENTS

. Prior to any scheduled maintenance Owner shall make arrangements with Operator to pay for any deposit required by the maintenance facility which will perform the scheduled maintenance. In the event that Operator is performing the scheduled maintenance, Operator reserves the right demand from Owner a deposit against the estimated costs of such scheduled maintenance. In the event that Operator demands a deposit from the Owner the deposit shall be paid to Operator prior to the date on which Operator anticipates commencing the work. In the event that Owner fails to provide the deposit as required in this section, Operator shall not be required to commence the maintenance and the Aircraft shall be grounded until the payment is made by Owner to Operator. Maintenance labor conducted by Operator personnel shall be billed to Owner at the rate specified in E XHIBIT A

.

A RTICLE VI -F EES , E XPENSES AND R EVENUE

a) M ANAGEMENT F EE . Operator will charge Owner, and Owner will pay a “ M ANAGEMENT F EE ” in the amount set forth in E XHIBIT A . The Management Fee shall over the management services provided by Operator to Owner, including but not limited to those specified in A RTICLE II(d) above. b) A IRCRAFT E XPENSES

. Owner shall be responsible for all Aircraft expenses including but not limited to maintenance, hangar rent at Home Base, Aircraft insurance, Crew Expenses, personalized cabin amenities, Aircraft fuel, oil, navigation charts, international handling, maintenance (to the extent not paid directly by Owner), maintenance manuals and tracking programs, GPS and other software updates and all other Aircraft associated expenses (the “ A IRCRAFT E XPENSES ”). The rates for certain Aircraft Expenses are listed in E XHIBIT A . Upon the execution date of this Agreement Owner shall provide Operator with an “ A IRCRAFT E XPENSE F UND ” in the amount specified in E XHIBIT A . Operator shall keep the Aircraft Expense Fund in a separate account, and may draw upon the funds therein to pay Aircraft Expenses. In the event that the balance of the Aircraft Expense Fund drops below the “ M INIMUM F UND A MOUNT ” at any time, Operator reserves the right to demand from Owner a payment sufficient to bring the balance of the Aircraft Expense Fund back up to the Minimum Fund Amount. Owner shall make such payment within 7 days of receipt of Operator’s demand. With respect to Aircraft fuel and other flight specific Aircraft Expenses incurred away from Home Base (“ F LIGHT S PECIFIC E XPENSES ”), Operator will pay for such Flight Specific Expenses, and will used funds from the Aircraft Expense Fund to reimburse
itself.c) R EVENUE

. Operator agrees that in all cas es it will charge at least the “ M INIMUM H OURLY R ATE ” listed in E XHIBIT A for each Revenue Flight Hour. Operator shall pay Owner X thousand dollars ($ ) of the Revenue charged to each third party charter customer, and Xthousand-dollars ($ ) of the Revenue charged for each Referred Charter Flight (the “ C REDIT ( S ) ”). The term “ R EVENUE ” shall include the quoted amount for each Operator F light in revenue generating service, including the hourly rate, fuel surcharges, taxi fees, overnight fees and supplemental crew charges, but exclude all separately stated fees charged to the customer as reimbursements for amounts paid by Operator, including but not limited to landing fees, ramp/ha ngar fees, catering, handling charges, and ground transportation fees. R EVENUE F LIGHT H OUR ” shall mean each hour or part thereof (rounded to the nearest tenth of one hour) of an Operator Flight in revenue generating service as recorded as flight time measured from take-off to landing, but specifically excluding flight hours on the Aircraft forpositioning or re-positioning for the purposes of obtaining maintenance, flight training, and FAArequired flight checks or other flights. “ R EFERRED C HARTER F LIGHT ( S ) ” shall include Part 135 Operator Flights for Owner and its affiliates as listed in E XHIBIT A , and their officers, board members, employees, agents and guests. d) C HARTER B ILLING

. Operator shall be solely responsible for the billing for all Revenue Flight Hours, and shall bear the risk of non-colle ction for all revenue generating Operator Flights, except Referred Charter Flights. For Referred Charter Flights in the event that Operator is unable to collect, Operator shall not be required to pay Owner the Credit for such Revenue Flight Hours. e) A CCOUNTING . Operator shall generate and post by regular U.S. Mail to Owner by the 20 th
day of the month, an accounting of the previous month’s Aircraft activity, including all Aircraft Expenses incurred, amounts withdrawn from and deposited in the Aircraft Expense Fund, any outstanding Aircraft Expenses owed by Owner and any Credits (the “ A CCOUNTING ”). In the event that the Credits exceed the Aircraft Expenses then a check for the difference shall be included with the Accounting sent by Operator to Owner. In the ev ent that the Aircraft Expenses exceed the Credits then Owner shall pay Operator the difference within 7 days of receipt of the Accounting. In the event that amounts due from Owner to Operator are not paid within such time frame, such amounts shall begin to accrue interest at the rate of 1.5% per month from the due date until such date as the amount is paid in full. The Accounting shall also include: (1 ) flight records for each flight of the Aircraft in the previous calendar month (including hours, depart ure and arrival points, and passengers carried), (2) a summary of maintenance performed in the previous calendar month, (3) scheduled maintenance items anticipated to come due in the current month, (4) current market value of the Aircraft, and (5) other reasonable information requested by Owner.

A RTICLE VII -T AXES

Owner shall be responsible for the payment of any and all taxes related to Owner’s ownership of the Aircraft and amounts received by Owner under this Agreement, including but not limited to income tax, sales/use tax, property tax, and ad valorem tax. Operator shall be responsible for the payment of any and all taxes related to Operator’s income derived from this Agreement, and for the collection and remittance of any and all taxes related to Operator Flights, including but not limited to the Federal Excise Tax. For FAR Part 135 Operator Flights, Operator shall file for the fuel tax credit, and such credit shall be passed onto Owner.A RTICLE VIII -I NSURANCE

Upon the execution of this Agreement the Operator will cause the Aircraft to be added to Operator’s fleet insurance policy (“ P OLICY ”), at Owner’s expense. Such Policy will provide for physical damage and hull insurance coverage with respect to the Aircraft in the amount of not less than $6.5 million. Such Policy will also provide for liability insurance in the amount of not less than $100 million per occurrence combined single limit. The Policy shall: (i) name Owner and Operator as named insured; (ii) name Owner, or Owner’s lender, as the loss payee with respect to the hull insurance proceeds; (iii) contain a waiver by th e underwriter thereof of any right of subrogation against the Owner and Operator; (iv) provide that in respect of the interests of Owner, such policies of insurance shall not be invalidated by any action or inaction of Operator and shall insure Owner (subject to the limits of liability and war risk exclusion set forth in such policies) regardless of any breach or any violation of any warranty, declarati ons or conditions contained in such policies by Operator or any other person; (v) shall provide that if the insurers cancel insurance for any reason whatsoever, or the same is allowed to lapse for no npayment of premium, or if there is any material change in policy terms and conditions, such a cancellation, lapse or change shall not be effective as to Owner until thirty (30) days after Owner is pr ovided notice of the same (seven (7) days with respect to war risk and allied perils coverage); a nd (vi) be primary without right of contribution from any other insurance which is carried by Owner or Operator and shall expressly provide that all of the provisions thereof, except the limits of liability, sh all operate in the same manner as if there were a separate policy covering each insured.

Operator will submit this Agreement for approval to the insurance carrier for the Policy. Operator will arrange for a Certificate of Insurance evidencing appropriate coverage as to the Aircraft and the satisfaction of the requirements set forth above to be given by its insurance carriers to Owner.

A RTICLE IX -L IMITATION OF L IABILITY

THE PARTIES AGREE THAT UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, EXEMPLARY DAMAGES, OR DIMINUTION OF VALUE FOLLOWING A LOSS, WHETHER SUCH CLAIM ARISES IN CONTRACT OR TORT (INCLUDING STRICT LIABILITY AND NEGLIGENCE) SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE, LOSS OF USE, ANTICIPATED PROFITS, AND DEPRECIATION. Ow ner agrees to accept the proceeds of the Policy as its sole recourse against Operator in the event of the loss of, or damage to, the Aircraft under any circumstances.

A RTICLE X -I NDEMNIFICATION Each party (the “ I NDEMNITOR ”) shall indemnify, defend and save harmless the other party, including any of its respective successors and assigns , members, subsidiaries, affiliates, partners, contractors, managers, directors, officers, servants, agents and employees (the “ I NDEMNITEES ”), from and against any and all liabilities, claims, ac tions, damages, and expenses (including without limitation attorney’s fees and costs of suit), whether arising in tort, negligence, contract or otherwise arising out of, resulting from, or in connection with the Indemnitor’s breach of any provision of this Agreement, and/or the Indemnitor’s authority to enter into this Agreement.

A RTICLE XI -O THER A GREEMENTSOwner represents and warrants that there is no insurance policy, financing agreement, or other agreement or arrangement with respect to the Aircraft that limits Owner’s ability to transfer possession of the Aircraft to Operator under this Agreement, or Operator’s ability to conduct the Operator Flights as contemplated under this Agr eement. Upon request Owner shall provide Operator with the names and contact information for all parties to such agreements or arrangements.

A RTICLE XII -D EFAULT

Each of the following events or conditions will constitute an “ E VENT OF D EFAULT ” or “ D EFAULT ” (the terms being used interchangeably) (whether any such event or condition is voluntary or involuntary or occurs by operation of law or pursuant to or in compliance with any judgment, decree or order of any court or any order, rule or regulation of any government entity):



### a) N ON 

### -P AYMENT 

### . A party fails to make any pa yment on the due date and such failure continues for ten (10) business days after written notice fr om the other party; b) I NSURANCE 

### . Operator fails to maintain the Policy as required under A RTICLE 

### VIII ; c) R EPRESENTATIONS 

### . Owner or Operator breaches and/ or is shown to have made a misrepresentation with respect to any representation made hereunder; d) A PPROVALS 

### . Any party fails to maintain the requi red licenses, authorizations, and/or consents required to conduct the operations contemplated herein, and such failure is not remedied within fifteen (15) days of notice by any means of such failure; e) B ANKRUPTCY . Either party shall: (i) admit in writing its inability to pay, or fail to pay, debts generally as they become due; (ii) file a petition in bankruptcy or a petition under any insolvency act or file an answer admitting or faili ng to deny the material allegation of such petition; (iii) make an assignment for the benefit of its cr editors; (iv) consent to the appointment of, or possession by, a custodian for itself or for the whole or substantially all of its property; (v) upon a petition in bankruptcy filed against it, be adjudicated, or have an order for relief granted as, a bankrupt; or (vi) file a petition or answer seeking reorganization or arrangement or other aid or relief under any bankruptcy or insolvency laws or any other law for the relief of debtors or file an answer admitting, or failing to deny, the material allegations of a petition filed against it for any such relief; or a court of competent jurisdiction shall enter an order, judgment or decree appointing, without the consent of the affected party, a custodian for a party or the whole or substantially all of such party’s property, or approving a petition filed against either of them seeking reorganization or arrangement of the party under any bankruptcy or insolvency laws or any other law for the relief of debtors, and such order, judgment or decree shall not be vacated or set aside or stayed within 60 days from the date of entry thereof; f) S PECIFIC B REACH

. The breach by Owner of any of the following provisions: A RTICLE II(a) ; or g) G ENERAL B REACH . The breach of any other provision of the Agreement, where such breach is not remedied within five (5) days of notice of such breach.

A RTICLE XIII -R EMEDIES

In the event of a Default the non-defaulting party may at its option (and without prejudice to any ofits other rights under this Agreement), at any time thereafter: a) By written notice to the defaulting party and with immediate effect, terminate this Agreement, except in an Event of Default outlined under A RTICLE XII(f) above in which case no notice is required, and/or b) Proceed by appropriate court action or actions to enforce performance of this Agreement or to recover damages for the breach of this Agreement.

Owner specifically acknowledges that in the event that Operator terminates this Agreement, on the
effective date of such termination the Aircraft wi ll be removed from Operator’s Certificate, which means that the RVSM authorization, Aircraft MEL, overflight permits, and all other authorizations and permits specific to Operator’s maintenance control of the Aircraft will no longer be valid with respect to the Aircraft.

A RTICLE XIV -T ERMINATION

a) U NLAWFUL A CTIVITY

. In addition to the rights to terminate this Agreement as provided
for above in A RTICLES III and XIII , this Agreement may also be terminated by Operator upon the giving of written notice in the event that it becomes, or is deemed to be unlawful, for Owner or Operator to perform any of their respective duties under this Agreement, except in the event that such determination is due to circumstances which would qualify as an Event of Default under A RTICLE XII , in which case such termination shall not be deemed to be a Default. b) W INDING -U P . In the event of a termination of this Agreement for any reason, the parties shall, within sixty (60) days of the effective da te of the termination conduct a final accounting and settlement of all funds and amounts owed under this Agreement (the “ F INAL A CCOUNTING ”).

A RTICLE XV -R ETURN OF A IRCRAFT

Upon the termination of this Agreement, Operator will, redeliver the Aircraft and Aircraft documents to Owner at Allentown Airport (KABE), or such othe r airport as is mutually acceptable to the parties hereto at Owner’s sole cost and expense. A RTICLE XVI -A SSIGNMENT Neither party may assign this Agreement or any rights hereunder at any time without the other party’s prior written consent.

A RTICLE XVII -S EVERABILITY

If a provision of this Agreement is, or becomes, il legal, invalid or unenforceable in any applicable jurisdiction, that will not affect: (a) the legality, validity or enforceability in that jurisdiction of any other provision of this Agreement; or (b) the legality, validity or enforceability in any other jurisdiction of that or any other provision of this Agreement.

A RTICLE XVIII -N OTICES

All notices under, or in connection with, this Agre ement will, unless otherwise stated herein, shall be given in writing at the addresses or contact numbers listed below. Any such notice is deemed effectively to be given, if by letter, by registered mail, return receipt requested, by an overnightcourier who provides a receipt upon deposit with such courier, or by confirmed facsimile or electronic mail transmission, upon the sender’s receipt of confirmation that the message has been
delivered.

Operator: Jet-A, LLC Attn: Ron Boros 600 Hayden Circle Allentown, PA 18109 Phone: 877-672-6767 Fax: 877-772-6767 Email: rb@jet-a.com

Owner: IDM Corporate Aviation Services, LLC Attn: Eric Haymes 275 E Tropicana Ave, Suite 100 Las Vegas NV 89169-7365 Phone: 310-385-9163 Email ehaymes@iconjet.com

A RTICLE XIX -L AW AND J URISDICTION

This Agreement shall be governed by, and interpreted in accordance with the laws of the state of New Jersey, without regard to its conflicts of law principles. Exclusive jurisdiction and venue over any and all disputes between the parties arising under this Agreement, shall be in, and for such purpose each party hereby submits to the jurisdiction of, the state and federal courts serving Princeton, New Jersey.

A RTICLE XX -E NTIRE A GREEMENT Owner and Operator represent and warrant that th e terms and conditions of this Agreement were fully read and understood and that they constitute the entire agreement between the parties with respect to the subject matter of this Agreement, and that this Agreement supersedes all previous agreements in relation to this subject matter.

A RTICLE XXI -C OUNTERPARTS

This Agreement may be executed in counterparts each of which will constitute one and the same document. Signatures conveyed electronically or by facsimile or email attachment shall have the same force and effect as original signatures.

A RTICLE XXII -C ONSTRUCTION

The headings in this Agreement are for convenience only and shall not be considered part of any Section for purposes of construing this Agreement. Each of “Owner,” “Operator,” or any other person includes, without prejudice to the provisions of this Agreement, any successor in title to it and any permitted assignee. Words importing the plural shall include the singular and vice versa.A RTICLE XXIII -I NDEPENDENT C ONTRACTOR A GREEMENT

This Agreement shall constitute an independent cont ractor agreement, and nothing in this Agreement or in any other agreement between the parties in association herewith shall be deemed, construed, or interpreted as (i) conveying to Operator title or any ow nership interest in the Aircraft, or (ii) creating in any way any association, partnership, or joint venture between the parties. Operator agrees that it will not create any liens on the Aircraft, except mechanic’s or materialmen’s liens to be discharged in the ordinary course of business.

A RTICLE XXIV -M ODIFICATION

No term or provision of this Agreement may be changed, waived, discharged, or terminated orally, but only by an instrument in writing signed by the party against which the enforcement of the change, waiver, discharge, or termination is sought.

A RTICLE XXV -N O W AIVER

No delay or omission in the exercise or enforcement or any right or remedy hereunder by either party shall be construed as a waiver of such right or remedy. All remedies, rights, undertakings, obligations, and agreements herein shall be cumulative and not mutually exclusive, and in addition to all other rights and remedies which either party possesses at law or in equity. All rights of the parties hereunder are separate and cumulative, except as otherwise set forth herein.

A RTICLE XXVI -F ORCE M AJEURE Exclusive of Owner’s obligation to pay fo r the expenses and fees as outlined in A RTICLE VI , each party shall be relieved of its obligations hereunder in the event and to the extent that such party's performance is delayed, prevented or otherwise adversely affected in any material way by any cause reasonably beyond such party's control, including but not limited to Force Majeure. For purposes of this Agreement, “ F ORCE M AJEURE ” shall mean an act of God, strike or lockout or other labor dispute, unexpected crewmember unavailability, act of the public enemy, war (declared or undeclared), blockade, revolution, civil commotion, lightning, fire, storm, flood, earthquake, explosion, governmental restraint, embargo, weather, unexpected aircraft mechanical issues, and any other cause whether of the kind specifically enumerated above or otherwise, provided that in order for any of the foregoing to constitute Force Majeure, it must not be reasonably within the control of such party. For purposes of this Agreement “government restraint” as an instance of Force Majeure shall include, but not be limited to, FAA interpretation, enforcement or other pronouncement in relation to subjects covered by or in any manner related to this Agreement that requires any modification or termination of this Agreement.

A RTICLE XXVII -C ONFIDENTIALITY

Each party will keep confidential this Agreement, the terms and conditions hereunder and the transactions contemplated hereunder, except as and to the extent required by law or with the written consent of the other party. In particular, any disclosure by either party of this Agreement, or the transactions contemplated hereby, to the FAA or DOT will not require the consent of the other party.

A RTICLE XXVIII – H EIRS AND S UCCESSORS

This Agreement and each of its provisions shall be binding on and shall inure to the benefit of therespective heirs, devisees, legatees, executors, admi nistrators, trustees, successors and assigns of the parties to this Agreement. Nothing contained in this section shall be construed as consent by such party to any assignment of this Agreement or any interest therein by the other party.

A RTICLE XXIX – F URTHER A SSURANCES

Each party shall execute and deliver to the other such further documents and take such further action as may be necessary to effectuate the intent and purpose of this Agreement.

A RTICLE XXX – N O T HIRD P ARTY B ENEFICIARY

No person, other than the parties expressly named herein, is intended to be a beneficiary of any provisions of this Agreement.

Article XXXI – Survival The parties agree that the obligations and rights of each party as outlined in A RTICLES IV

, VII

, IX

, X

, XIII

, XIV(b)

, XV , and XXVII shall survive the termination of this Agreement.

SIGNATURE BLOCK IS ON THE FOLLOWING PAGEEXHIBIT A A IRCRAFT , E XPENSES , AND R EVENUE P ROVISIONS E FFECTIVE ON M ARCH 26,
2010

A IRCRAFT I NFORMATION

Operator Maintenance Labor Rate: $ 95.00 /hr Supplemental Pilot Charge $ 600.00 /calendar day Crew Overnight Charge $ 1,200.00 / overnight per crew

Fixed Expenses

Management Fee $__________/month Salaries and Benefits for __ Crewmembers

$__________/month Hangar Rent for Space at ___ _ $__________/month Fleet Insurance Premium

$__________/year Training Expenses for __ Crewmembers $__________/year Estimated

Conformity Process Expenses $ 7,500.00 /Conformity ProcessExhibit 11 – Historical Financial Information



### Preceding 3 year Profit & Loss Statement for Jet-A, LLCJan - Dec 07

Ordinary Income/Expense Income Charter Sales [N673YS] 989,044.34

Total Charter Sales 989,044.34

Maintenance Sales Maint Work Orders 133,710.40 Parts 385,452.42

Total Maintenance Sales 519,162.82
Management Fees 166,666.80 Reimbursable Expenses Aircraft Wash 100.00 Business Airline Travel 10,983.10 Business Ground Transport 4,203.43 Business Lodging 6,552.06 Business Meals 983.09 Contract Mechanic 24,338.95 Contract Pilot 30,000.00 Fees 1,126.00 Hangar Fees 23,900.00 I.T. and Communications 11,537.76 Insurance 72,868.83 Salaries 21,425.00 Shipping 17,917.84 Subscriptions & DB Fees 33,546.74 Supplies-Hanga r 2,984.63 Reimbursable Expenses - Other 2,363.85
Total Reimbursable Expenses 264,831.28

Total Income 1,939,705.24

Cost of Goods Sold 50000 · Flight Expenses Aircraft Services 11,745.90 Airport Fees 31,986.02 Cabin Supplies 1,801.30 Catering 4,729.11 Contract Pilot 8,779.03 Engine MSP 219,673.55 Fuel and Oil 375,909.49 Navigation Fees 5,003.78 PAX Transportation 1,822.58
Total 50000 · Flight Expenses 661,450.76
50500 · Crew Expense Airline Travel 14,971.51 Communications 343.76 Ground Transportation 9,655.17 Lodging 22,326.43 Meals 7,092.69
Total 50500 · Crew Expense 54,389.56 

### JET-A Exhibit 11 Page 1 of 8 

### Profit & Loss

Accrual Basis January through December 2007Jan - Dec 07

51000 · Maintenance C172 Aircraft Parts 114.35 C172 Maintenance-General 410.72 Contract Mechanic 11,606.40 Freight 15,175.90 S/N 1007 Aircraft Parts 113,695.63 S/N 1007 Maintenance-General 9,678.65 S/N 1073 Aircraft Parts 246,654.74 S/N 1073 Maintenance-General 131,629.72 S/N 326 Aircraft Parts 29,674.53 S/N 326 Maintenance-General 6,362.50 S/N 491 Aircraft Parts 3,092.87

Total 51000 · Maintenance 568,096.01
51900 · Hangar Fees 22,350.00 52000 · Business Travel Expense Air Travel 20,233.29 Grnd Transportation 8,300.02 Lodgings 11,861.69 Meal 2,320.73
Total 52000 · Business Travel Expense 42,715.73

53000 · Insurance INS S/N 1007 11,055.00 INS S/N 1073 60,755.97

Total 53000 · Insurance 71,810.97
54000 · Subscriptions & DB Fees 24,291.40 55000 · Employee Services Flight Training 12,300.00 Health Insurance 502.83 Uniform 1,077.47
Total 55000 · Employee Services 13,880.30

56000 · Fees 4,025.90 59000 · OWNER REV Owner Rev 1073 93,007.42

Total 59000 · OWNER REV 93,007.42

Total COGS 1,556,018.05

Gross Profit 383,687.19

Expense Bad Debt 20.00 Car Lease 9,821.64 Discount Received -1,075.67 60000 · Administrative Expenses 60500 · Salaries 0305 25,678.46 1685 36,000.00 3557 175,192.40 5709 4,000.00

Total 60500 · Salaries 240,870.86
61000 · Flt Ops - Hangar Supplies 510.87 61500 · Flt Ops - Office Supplies 2,774.85 62000 · Advertising 192.00 

### JET-A Exhibit 11 2 of 8 

### Profit & Loss

Accrual Basis January through December 2007Jan - Dec 07

64000 · I.T. and Communications 10,449.92 66900 · Reconciliation Discrepancies -3,332.00 68000 · Entertainment 1,987.50 69000 · Miscellaneous -300.00 69500 · Bank Fees 1,718.15
Total 60000 · Administrative Expenses 254,872.15

Total Expense 263,638.12

Net Ordinary Income 120,049.07

Net Income 120,049.07 

### JET-A Exhibit 11 Page 3 of 8 

### Profit & Loss

Accrual Basis January through December 2007Jan - Dec 08

Ordinary Income/Expense Income Charter Sales [N673YS] 526,533.66 N600WJ 59,142.43 NXXXXX 61,793.63

Total Charter Sales 647,469.72

Maintenance Sales Maint Work Orders 81,100.88 Parts 245,513.48

Total Maintenance Sales 326,614.36
Management Fees 208,333.50 Reimbursable Expenses Aircraft Wash 2,820.00 Business Airline Travel 6,018.28 Business Ground Transport 2,476.41 Business Lodging 10,339.57 Business Meals 1,813.22 Contract Mechanic 12,342.74 Contract Pilot 6,500.00 Crew Uniform 1,298.06 Fees 6,316.20 Flight Training 53,184.38 I.T. and Communications 4,939.79 Insurance 15,649.15 Salaries 3,750.00 Shipping 17,488.86 Subscriptions & DB Fees 65,683.20 Supplies-Hanga r 12,491.81 Reimbursable Expenses - Other 76,761.29
Total Reimbursable Expenses 299,872.96

Total Income 1,482,290.54

Cost of Goods Sold 50000 · Flight Expenses Aircraft Services 7,923.55 Airport Fees 22,988.14 Cabin Supplies 854.46 Catering 2,727.71 Contract Flight Attendant 7,372.00 Contract Pilot 29,857.16 Engine MSP 131,031.00 Fuel and Oil 291,787.56 Navigation Fees 3,746.05 PAX Transportation 1,728.37 Sub-Charte r 55,588.65
Total 50000 · Flight Expenses 555,604.65
50500 · Crew Expense Airline Travel 11,585.54 Communications 100.76 Ground Transportation 7,828.09 Lodging 13,333.03 Meals 3,920.24
Total 50500 · Crew Expense 36,767.66 

### JET-A Exhibit 11 Page 4 of 8 

### Profit & Loss

Accrual Basis January through December 2008Jan - Dec 08

51000 · Maintenance C172 Maintenance-General 3,107.18 Contract Mechanic 14,114.93 Freight 9,468.54 S/N 1007 Aircraft Parts -22,362.79 S/N 1007 Maintenance-General 38,419.77 S/N 1073 Aircraft Parts 114,459.88 S/N 1073 Maintenance-General 35,363.75 S/N 326 Aircraft Parts 33,679.96 S/N 326 Maintenance-General 28,812.56 S/N INV Aircraft Parts 25,000.00

Total 51000 · Maintenance 280,063.78
52000 · Business Travel Expense Air Travel 8,183.20 Grnd Transportation 3,361.76 Lodgings 11,047.86 Meal 2,559.95
Total 52000 · Business Travel Expense 25,152.77

53000 · Insurance INS S/N 1073 15,420.84 INS S/N 326 13,423.00

Total 53000 · Insurance 28,843.84
54000 · Subscriptions & DB Fees 45,552.97 55000 · Employee Services Drug Testing 440.00 Flight Training 47,967.43 Uniform 1,860.12
Total 55000 · Employee Services 50,267.55

56000 · Fees 5,245.37 59000 · OWNER REV Owner Rev 1007 17,212.25 Owner Rev 1073 102,507.53

Total 59000 · OWNER REV 119,719.78

Total COGS 1,147,218.37

Gross Profit 335,072.17

Expense Car Lease 2,460.41 Discount Received -15,380.18 Tax 671.86 60000 · Administrative Expenses 60500 · Salaries 0305 6,439.00 1685 6,000.00 3557 199,751.34

Total 60500 · Salaries 212,190.34

60600 · Outside Labor 650.00 61000 · Flt Ops - Hangar Supplies 10,047.91 61500 · Flt Ops - Office Supplies 2,376.18 62000 · Advertising Avinode 1,500.00 CharterX 1,110.00 62000 · Advertising - Other 300.00
Total 62000 · Advertising 2,910.00 

### JET-A Exhibit 11 Page 5 of 8 

### Profit & Loss

Accrual Basis January through December 2008Jan - Dec 08

64000 · I.T. and Communications 10,966.77 66900 · Reconciliation Discrepancies 128.89 69500 · Bank Fees 4,573.54
Total 60000 · Administrative Expenses 243,843.63

Total Expense 231,595.72

Net Ordinary Income 103,476.45

Net Income 103,476.45 

### JET-A Exhibit 11 Page 6 of 8 

### Profit & Loss

Accrual Basis January through December 2008Jan - Dec 09

Ordinary Income/Expense Income Charter Sales [N673YS] 248,986.18 N322AU 5,986.76 N600WJ 48,021.57

Total Charter Sales 302,994.51

Maintenance Sales Maint Work Orders 22,597.59 Parts 81,953.01

Total Maintenance Sales 104,550.60
Management Fees 200,000.16 Reimbursable Expenses Aircraft Wash 2,125.00 Business Airline Travel 6,918.62 Business Ground Transport 5,198.64 Business Lodging 13,449.36 Business Meals 511.71 Contract Mechanic 50,765.24 Contract Pilot 536.00 Fees 3,787.45 Flight Training 51,010.00 I.T. and Communications 722.37 Shipping 7,675.85 Subscriptions & DB Fees 47,964.46 Supplies-Hanga r 3,077.45 Supplies-Office 104.04
Total Reimbursable Expenses 193,846.19

Total Income 801,391.46

Cost of Goods Sold 50000 · Flight Expenses Aircraft Services 5,016.97 Airport Fees 29,995.16 Cabin Supplies 1,093.32 Catering 543.07 Contract Pilot 15,900.00 Fuel and Oil 141,620.55 Navigation Fees 7,129.14 PAX Transportation 1,302.92
Total 50000 · Flight Expenses 202,601.13
50500 · Crew Expense Airline Travel 4,398.13 Communications 7.99 Ground Transportation 4,396.51 Lodging 9,096.91 Meals 979.28
Total 50500 · Crew Expense 18,878.82

51000 · Maintenance C172 Maintenance-General 2,265.26 Contract Mechanic 47,225.44 Freight 6,664.35 S/N 1007 Aircraft Parts 15,238.28 S/N 1007 Maintenance-General 8,373.42 S/N 1073 Aircraft Parts 49,092.64 S/N 1073 Maintenance-General 4,460.46 S/N 326 Aircraft Parts 13,863.52 S/N 326 Maintenance-General 6,063.14

Total 51000 · Maintenance 153,246.51 

### JET-A Exhibit 11 Page 7 of 8 

### Profit & Loss

Accrual Basis January through December 2009Jan - Dec 09

52000 · Business Travel Expense Air Travel 15,607.05 Grnd Transportation 5,348.29 Lodgings 15,949.19 Meal 751.31
Total 52000 · Business Travel Expense 37,655.84
54000 · Subscriptions & DB Fees 51,111.45 55000 · Employee Services Drug Testing 601.75 Flight Training 50,925.00 Health Insurance 2,397.79 Uniform 880.02 55000 · Employee Services - Othe r 135.00
Total 55000 · Employee Services 54,939.56

56000 · Fees -88,036.94 59000 · OWNER REV Owner Rev 1007 10,120.89 Owner Rev 1073 41,716.53

Total 59000 · OWNER REV 51,837.42

Total COGS 482,233.79

Gross Profit 319,157.67

Expense Discount Received -4,346.20 60000 · Administrative Expenses 60500 · Salaries 3557 199,999.92

Total 60500 · Salaries 199,999.92
61000 · Flt Ops - Hangar Supplies 2,540.52 61500 · Flt Ops - Office Supplies 1,200.07 62000 · Advertising Avinode 1,200.00 CharterX 2,459.00
Total 62000 · Advertising 3,659.00

64000 · I.T. and Communications 13,518.15 69000 · Miscellaneous 2,335.24 69500 · Bank Fees 2,369.34
Total 60000 · Administrative Expenses 225,622.24

Total Expense 221,276.04

Net Ordinary Income 97,881.63

Net Income 97,881.63 

### JET-A Exhibit 11 Page 8 of 8 

### Profit & Loss

Accrual Basis January through December 2009Jan - Mar 10

OPERATING ACTIVITIES Net Income 59,661.31 Adjustments to reconcile Net Income to net cash provided by operations: AC Receivable 74,028.63 AC PAYABLE -218.59 AMEX 647.42 AMEX PLUM -31,470.27 Avfuel 3,580.53 Base Ops / Word Fuel 15,792.54 Bombardier Account -4,292.00 Challenger Spares Account -1,006.75 CHASE VISA -6,763.98 UVAIR 694.18
Net cash provided by Operating Activities 110,653.02

FINANCING ACTIVITIES Debt Service -8,062.90
Net cash provided by Financing Activities -8,062.90

Net cash increase for period 102,590.12
Cash at beginning of period 877,695.67
Cash at end of period 980,285.79 

### JET-A Exhibit 12 Page 1 of 2 

### Statement of Cash Flows
January through March 2010Exhibit 12 Forecast Financial Information Jet-A, LLCJET-A, LLCPRO FORMA INCOME STATEMENTQUARTERQUARTERQUARTERQUARTERYEARQUARTERQUARTERQUARTERQUARTERYEARYEAR3 YEAR2010 -1 2010 -2 2010 -3 2010 -420102011-1 2011-2 2011-3 2011-42011 2012 TOTALREVENUEREVENUE FROM CHARTER SALES201,250201,250201,250201,250805,0001,540,0001,540,0001,540,0001,540,0006,160,0006,160,00013,125,000REVENUE FROM MANAGEMENT FEES-30,00030,00030,00030,000120,000120,000240,000TOTAL REVENUE201,250201,250201,250201,250805,0001,570,0001,570,0001,570,0001,570,0006,280,0006,280,00013,365,000EXPENSESDIRECT COSTSFUEL AND OIL61,14161,14161,14161,141244,563354,406354,406354,406354,4061,417,6231,417,6233,079,808MAINTENANCE36,18136,18136,18136,181144,725201,314201,314201,314201,314805,255805,2551,755,235LANDING AND PARKING2,1882,1882,1882,1888,75032,18832,18832,18832,188128,750128,750266,250NAVIGATION FEES3,2813,2813,2813,28113,12511,15611,15611,15611,15644,62544,625102,375CREW EXPENSES2,1882,1882,1882,1888,75026,18826,18826,18826,188104,750104,750218,250SMALL SUPPLIES AND CATERING4,9224,9224,9224,92219,68849,92249,92249,92249,922199,688199,688419,063TOTAL DIRECT COSTS109,900109,900109,900109,900439,600675,173675,173675,173675,1732,700,6902,700,6905,840,980FIXED COSTSSALARIESCOCKPIT CREW50,00050,00050,00050,000200,000121,250121,250121,250121,250485,000485,0001,170,000CABIN CREW-----36,00036,00036,00036,000144,000144,000288,000MECHANIC30,00030,00030,00030,000120,00042,00042,00042,00042,000168,000168,000456,000LEASE PAYMENTS-----231,000231,000231,000231,000924,000924,0001,848,000HANGAR12,00012,00012,00012,00048,00052,00052,00052,00052,000208,000208,000464,000INSURANCE5,2385,2385,2385,23820,95029,71329,71329,71329,713118,850118,850258,650RECURRENT TRAINING15,00015,00015,00015,00060,00033,75033,75033,75033,750135,000135,000330,000UNINSURED DAMAGE6,2506,2506,2506,25025,00012,50012,50012,50012,50050,00050,000125,000INTERIOR REFURBISHMENT5,0005,0005,0005,00020,00023,75023,75023,75023,75095,00095,000210,000NAVIGATION CHART SERVICE8008008008003,2002,3002,3002,3002,3009,2009,20021,600COMPUTER MAINT. PROGRAM2,5502,5502,5502,55010,2009,9259,9259,9259,92539,70039,70089,600WEATHER/FLIGHT PLANNING SERVICE6006006006002,4004,3504,3504,3504,35017,40017,40037,200TOTAL FIXED COSTS127,438127,438127,438127,438509,750598,538598,538598,538598,5382,394,1502,394,1505,298,050GROSS PROFIT(36,088)(36,088)(36,088)(36,088)(144,350)296,290296,290296,290296,2901,185,1601,185,1602,225,970ADMINISTRATIVE EXPENSESLEGAL/ACCOUNTING/CONSULTING3,7503,7503,7503,75015,00013,75013,75013,75013,75055,00055,000125,000ADVERTISING1,5001,5001,5001,5006,0003,0003,0003,0003,00012,00012,00030,000OFFICE EXPENSES1,5001,5001,5001,5006,0001,5001,5001,5001,5006,0006,00018,000SALARIES-OFFICE3,0003,0003,0003,00012,00015,00015,00015,00015,00060,00060,000132,000SALARIES-EXECUTIVE DEPARTMENT------------BENEFITS14,40014,40014,40014,40057,60053,77553,77553,77553,775215,100215,100487,800TOTAL ADMINISTRATIVE COSTS24,15024,15024,15024,15096,60087,02587,02587,02587,025348,100348,100792,800EBDIT(60,238)(60,238)(60,238)(60,238)(240,950)209,265209,265209,265209,265837,060837,0601,433,170Exhibit 13 Exhibit 13 18 U.S.C. § 1001 Certification

CERTIFICATE OF SERVICE

I hereby certify that I have this date served a copy of the foregoing Application of

Jet-A, LLC on the following person(s) in accordance with the Department’s

Rules of Practice:

Robert Ference Aviation Safety Inspector Allentown Flight Standards District Office
Federal Aviation Administration 961 Marcon Blvd. Suite 111 Allentown, Pennsylvania 18109

Dated: May 6, 2010

______________________ Michael OrigelExhibit 14 Jet-A, LLC Company Narrative

1. History – Jet-A, LLC is a privately held Limited Liability Company organized in New Jersey and owned collectively by Dr. Robert J. Hariri and Shearson International Corp. Jet-A was formed in 2007 as a boutique styl e aircraft charter and management company offering a unique level of service. We are a financially stable firm that is accessible, available, and attentive to our owners’ needs, with the owners’ interest and safety at the forefront of our operation. Jet-A received it s Part 135 “10 or More” Air Carrier Certificate with worldwide areas of operation in June 200 8. Jet-A currently manages 2-Challenger and 1-Learjet aircraft with 2-Boeing 737-200 to be added soon. The Boeing aircraft shall be based at a South Florida location with our Director of Maintenance domiciled locally for supervision of all corrective actions and maintenance inspections.

2. The Financial Statements including the Ba lance Sheet, Income Stat ement, and the Cash Flow Statement were prepared in accordance with Generally Accepted Accounting Principles on an accrual basis by the Controller of Jet-A. As a privately held company, the financial stat ements are not required to be audited and as such have not been audited.

3. Jet-A, LLC is an air charter Part 135 operat or. Its Air Carrier Certificate was issued on June 2, 2008. Jet-A owns its current aircraft under individual entities and plans to own 1- B737-200 while leasing and managing another under its Air Charter certif icate. The owners of the leased aircraft absorb all operating cost s of their aircraft and receives a major portion of the air charter revenues wi th Jet-A, LLC keeping a small portion of revenue as a commission. Jet-A, LLC also re ceives an administration fee for managing the owners’ aircraft.

4. Accounting Policies - Depreciation is computed on a straight line basis over the useful life starting with the month following acquisition. Tax Depreciation is computed using MACRS as required by the Internal Revenue Code.

5. Jet-A, LLC has no long term debt and no intangible assets

# RONALD A. BOROS

SUMMARY OF QUALIFICATIONS

 

### 23 years of crew and management experience operating jet aircraft, specializing in Bombardier/Canadair Challenger products.

 

### 10,000 plus accident-free hours of Interna tional jet aircraft flight operations, including extended over-water, transcont inental, and transoceanic flights.

 

### Proven organizational, managerial, and leadership skills. Exceptional interpersonal skills. Ability to work closely with others to execute multiple concurrent projects

.



### EXPERIENCE

Founding Partner , VP, Director of Ops Jet-A, LLC, Allentown, PA 02/2007 - Present

 

### FAA Part 135 Air Carrier with Worldwide Op erational Authority operating large-cabin turbine powered aircraft

 

### Aircraft Management Company providing turn key programs to support aircraft owners in operation, maintenance, regulatory compliance and fiscal budgets.

 

### Business Development, Aircra ft Acquisition and Sales

President, CEO, Chief Pilot Sh earson Aviation, San Diego, CA 12/1997 – 02/2007

 

### Aircraft Management Company providing turn key programs to support aircraft owners in operation, maintenance, regulatory compliance and fiscal budgets.

 

### International flight operations of Bombardier/C anadair Challenger CL-604 and CL-601 type aircraft. (U.S.A., Canada, Ca ribbean, Latin America, South America, Hawaii, Alaska, Europe, Russia, Middle East, Asia).

 

### Maintenance oversight of Manufacturer’s Maintenance Program for Calendar and Hourly Inspections, Service Bulletins and Airworthiness Directives.

 

### Oversight of major refurbishment of Canadair Challenger Aircraft.

 

### Aircraft Acquisitions and Sales.

First Officer Alaska Airlines, Seattle, WA 11/2000 – 04/2002

 

### Operated Boeing 737NG aircraft in schedu led airline service throughout the United States, Alaska and Canada.

Flight Officer Air Canada, Toronto, ON 12/1997 – 05/1999

 

### Operated Boeing 747 aircraft in scheduled airline service throughout Canada, the United States, the Caribbean and Europe.

### Captain Bombardier/Canadair, Hartford, CT 05/1996 - 12/1997

 

### Responsible for budget development and operational cost analysis for Bombardier/Canadair aircraft.

 

### Delivered new aircraft to customers worldw ide. Provided extensive customer support including training and familiarization flights.

 

### Represented Bombardier/Canadair airc raft at International air shows.

 

### Demonstrated Bombardier/Canadair products to potential customers on operational and orientation flights.

 

### Performed Completion Center test flights and acceptance flights of customer aircraft and the company demonstrator.

Captain JMI Aviation, Sugar Land, TX 03/1993 – 05/1996

 

### Transported corporate and government officials on domestic and International flights including numerous diplomatic missions with President Jimmy Carter.

Captain Commodore Computers, Teterboro, NJ 07/1989 – 03/1993

 

### Operated Challenger CL-601 transporting the Chairman of the Board and corporate executives worldwide.

PROFESSIONAL QUALIFICATIONS

 

### FAA Airline Transport Pilot License – Multi-Engine Land, First Class Medical

 

### Canadian Airline Transport Rating – Single/Multi-Engine Land

 

### Canadair Challenger CL-604 Type Rating, Bo mbardier Training Center , Montreal, PQ

 

### Canadair Challenger CL-600/601 Type Ra ting, Flight Safety Int’l., Houston, TX

 

### Hawker Siddley HS-125 Tr aining, Flight Safety Int’l., Wilmington, DE

 

### Boeing 737NG Training, Alas ka Airlines, Seattle, WA

 

### Boeing 747 Type Rating, Air Canada, Toronto, ON

 

### Canadair Challenger CL-601/600 Recurrent Tr aining Flight Safety Int’l., Tucson, AZ

 

### FAA 8410 – 135.293, 135.297 – 04/2010

 

### FAA 8410 – 135.299 – 08/2010

OTHER INTERESTS

Managing Member, Owner Eagle’s Ridge Ranch, Temecula, CA 06/2003 - Present

 

### Responsible for the acquisition and operation of a 120-acre commercial avocado and citrus farm producing in excess of 700,000 lbs of fruit annually.

 

### Domestic and Internation al export of produce.

 

### Implementation for new methods of fertilizer and irrigation programs.

 

### Management of administrative personnel, i rrigators, harvest workers and etymologists.

### Director, Trustee, Founder The Wellbeck Foundation, Temecula, CA 10/2004 - Present .

 

### Non-Profit Organization recognized unde r the IRS and the California Revenue and Taxation Code to assist individuals and families who rely on agriculture for their livelihood.

 

### The Foundation recognizes the dire state of the family farm by providing education and financial programs to persons who can benefi t from current technological strategies or monetary aid.

EDUCATION Seneca College Toronto, ON 09/1986 – 06/1987

 

### Aviation & Flight Technology

P.O. BOX 601441 ▪ SAN DIEGO ▪ CA 92160 ▪ TEL (619) 855-0444 EMAIL: RB@44665.com

# Albert Murrer IV 1000 Avalon Way Princeton, NJ 08648 amurrer4@aol.com 678.546.0278 home 770.316.4986 cell

OBJECTIVE Pilot

FLIGHT CERTIFICATES AND RATINGS Airline Transport Pilot, Airpla ne, MEL, CL-600, DC-10, A-320 Flight Instructor: Airplane SEL/MEL, Instrument FAA Medical Certificate: Class I, No restrictions

SUMMARY OF Total Time 8326 QUALFICATIONS Pilot-in-command 4430 Turbine 5310 Multi-engine 6033 Single-engine 1393

EDUCATION B.S. Avia tion Management, December, 2000 Wilmington University, DE GPA 3.6 Graduated with honors

Associate Professional Pilot Degree May, 1998 Community College of Beaver County, PA GPA 3.6 , James A. Johnson Excellence in Aviation Scholarship Recipient, CCBC Flight Scholarship Recipient

EMPLOYMENT HISTORY

12/08 to Present, Jet-A, LLC, Allentown, PA Captain Challenger 600 Part 91/135 passenger operations

7/08 to 4/10, Cameron Henkind Corp. White Plains, NY Captain Challenger 601-3R Part 91/135 passenger operations

4/99 to Present, Quest Di agnostics, Atlanta, GA Part 91 Freight operations transporting time critical lab samples Captain TBM 700/C310R/BE58/BE200-300 SIC

1/08 to 7/08, Virgin America, San Francisco, CA First Officer Airbus 319/320 Part 121 passenger operations

3/05 to 1/08, Omni Air Inte rnational, Atlanta, GA Captain DC10-30 Part 121 passenger operations worldwide

8/01 to 3/05, Atlantic Southeas t Airlines, Delta Connection, Atlanta, GA Part 121 regional airline passenger operations through out the United States, Caribbe an, Canada, and Mexico First Officer CRJ 700/CRJ 200/ATR 72

ACTIVITIES/HOBBIES Boating, Ice Hockey, Golf, Flying Boy Scouts of America, Eagle Scout

PERSONAL Excellent Health Non Smoker No incidents, acci dents or violations D.O.B. 04/18/79Prepared by As of 01/08/2010 

### Balances

Acct No. 315-1816E-14-86 Gerson Guarino and Meisel Jet-A Llc Dr Robert J. Hariri 341 Mendham Rd Bernardsville NJ 07924-1205

212 643 5757

% Of Assets** Market Value

Money Funds % 100.00 $830,000.00

Total Account Value $830,000.00 100.00%

** % of Assets reflects account balances as a percentage of long position & cash rounded to the nearest hundre dth. As a result the total may not equal 100%.

Investment and insurance products: Not FDIC insured · No bank guarantee ·Not insured by any federal governm ent agency ·Not a bank deposit ·May lose value Third-party and Morgan Stanley research on certain compani es is available to clients of the firm at no cost. Clie nts can access this research at www.smithbarney.com or contact their Financial Advisor to request a copy of this research be sent to them.

Citigroup Investment Research's research ratings are di splayed within the Research Rating column in 'Holdings '.
Page 1 of 4

### Holdings

Acct No. 315-1816E-14-86 As of 01/08/2010
Prepared by

Quantity Symbol/CUSIP Description Price Market Value Research Rating Gerson Guarino and Meisel 212 643 5757 Jet-A Llc Dr Robert J. Hariri 341 Mendham Rd Bernardsville NJ 07924-1205

WESTERN ASSET NEW YORK MUNI $1.00 #SBNX 830,000.00

— $830,000.00

$830,000.00 Total Account Value

Page 2 of 4Bernardsville NJ 07924-1205 341 Mendham Rd Dr Robert J. Hariri Jet-A Llc

As of 01/08/2010 

### Holdings by Asset Class

Acct No. 315-1816E-14-86 212 643 5757

Gerson Guarino and Meisel Prepared by

100.0% Cash & Equivalents



# Long Positions and Cash

Page 3 of 4The above summary/prices/quotes/statistics have been obt ained from sources believed reliable but are not neces sarily complete and cannot be guaranteed. The information contained in monthly accoun t statements and confirmations reflects all transactions processed by Smith Barney, and as such supersedes all other reports for financial an d tax purposes. © 2010 Citigroup Global Markets Inc. Member SIPC. Smi th Barney is a division and service mark of Citigroup G lobal Markets Inc. and its affiliates and is used and registered throughout the wo rld. Citi and Citi with Arc Design are trademarks and se rvice marks of Citigroup Inc. and its affiliates, and are used and registered throughout t he world. Citigroup Global Markets Inc. and Citibank are affiliated companies under the common control of Citigroup Inc.

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