June 13, 1997
                                
                                
                                
Mr. Allen E. Paulson
6001 Clubhouse Drive
Rancho Santa Fe, California  92067

       Re: MARKETING SERVICES AGREEMENT

Dear Allen:

     This letter confirms and sets out our agreement with you to
provide Gulfstream with certain marketing and sales services.

1.   During the period that this agreement is in effect you shall
     represent Gulfstream Aerospace Corporation and its
     affiliated and associated companies ("Gulfstream") exclusive
     of any other aircraft manufacturer, and shall, in
     consultation with me or my designee, promote without
     reservation Gulfstream's interest in selling Gulfstream V
     Aircraft to potential customers.

     Specifically, you will assist Gulfstream and its employees
     in establishing and maintaining favorable relationships and
     channels of communication with potential customers that you
     identify or have a close relationship with and perform such
     other liaison services that Gulfstream may request you to
     perform in connection with selling Gulfstream Aircraft.
     
     You will also provide product development services as
     specified in Exhibit 1 to this Agreement.

2.   You shall earn success fees as specified in Exhibit 1 for
     sales of Gulfstream V Aircraft in which you are actively and
     materially involved and for certain product development
     activities that result in a commercially viable product to
     which Gulfstream obtains exclusive marketing and service and
     support rights as described in Exhibit 1 to this Agreement.

3.   This agreement shall be effective from the date hereof until
     the earlier of four years or such time that Gulfstream has
     received from you (whether by payment, offset of success
     fees or other offsets) the final payment due under the
     Outfitted Gulfstream V Sales Agreement dated June 13, 1997,
     and no outstanding balance remains.  Upon termination
     neither party shall have any further obligations or duties
     to the other under this agreement.

4.   It is understood and agreed that no part of the success fee
     paid to you will be paid directly or indirectly to a
     government official or employee or any official or employee
     of any customer, potential customer or Gulfstream.

5.   It is understood that this agreement is personal in
     character and cannot be assigned.

6.   Given the unique relationship and trust Gulfstream enjoys
     with all of its customers, we reserve the right to disclose
     to any customer you become involved with that we have an
     agreement with you to pay a success fee upon the successful
     sale of a Gulfstream Aircraft to them after consultation
     with you.  Other than this disclosure, and other than
     disclosure pursuant to U.S. federal securities laws and
     regulations,  both parties agree to make every reasonable
     effort to avoid any publicity relative to this agreement and
     agree not to divulge or disclose to persons outside this
     relationship the details of this agreement, provided,
     however, that in the event publicity does occur, or unless
     either party is lawfully required to disclose the payment of
     a success fee or the details of this agreement to any
     regulatory agency or governmental authority of any
     government entitled to such information, both parties hereby
     consent to such disclosure and acknowledge that no claim or
     action by either party against the other party or its
     representatives shall arise.

7.   We have asked you to execute the attached FINDER FCPA
     CERTIFICATION, and have thoroughly briefed you on our high
     ethical standards in commercial and governmental
     transactions.  We know you share these values and hereby
     commit to each other to uphold them during the term of this
     agreement.

8.   It is understood and agreed that you will keep confidential,
     without limits to time, all matters related to this
     agreement, as well as any and all of Gulfstream's documents,
     data, or information that may come into your possession
     during our association.

9.   It is further understood and agreed that for the purpose of
     this agreement you are an independent contractor, and that
     Gulfstream shall have no liability for any suits or claims
     brought against you by virtue of the association
     contemplated herein.

10.  Finally, it is understood and agreed that in the absence of
     an express written corporate authorization you may not bind
     or commit Gulfstream in any manner whatsoever, and in
     particular, without limitation, you shall not engage or
     retain any third-parties as sub-agents or in any other
     capacity in any manner to bind or commit Gulfstream.

11.  The construction of this agreement and its performance shall
     be in accordance with the laws of the State of Georgia.  Any
     dispute between us will be resolved pursuant to the
     Commercial Rules of Arbitration of the American Arbitration
     Association in Savannah, Georgia.


     If the foregoing accurately reflects our agreement, would
you please so indicate by signing and returning the enclosed
duplicate original of this letter.  I look forward to working
with you and will be your principal contact during the course of
this agreement.

                               Very truly yours,

                               /s/ W. W. Boisture, Jr.
                               -----------------------
                               W. W. Boisture, Jr.

Agreed and accepted:

/s/ Allen E. Paulson
---------------------------

Date: ---------------------