PART 91 DURING THE ENTIRE PERIOD PRECEDING THE DATE OF EXECUTION OF
THIS AGREEMENT IN WHICH THE AIRCRAFT WAS REGISTERED IN THE UNITED STATES. THE
AIRCRAFT WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR ALL OPERATIONS
TO BE CONDUCTED UNDER THIS AGREEMENT.
B. MICHAEL KORS (USA), INC, WHOSE ADDRESS IS SET FORTH ABOVE, HEREBY CERTIFIES
THAT IT IS RESPONSIBLE FOR OPERATIONAL CONTROL OF THE AIRCRAFT FOR ALL
OPERATIONS UNDER THIS AGREEMENT.
C. EACH PARTY HEREBY CERTIFIES THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR
COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.
D. THE PARTIES UNDERSTAND THAT AN EXPLANATION OF THE FACTORS BEARING ON
OPERATIONAL CONTROL AND THE PERTINENT FEDERAL AVIATION REGULATIONS CAN BE
OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.
(SIGNATURE PAGE FOLLOWS)
IN WITNESS WHEREOF, the parties hereby have caused this Time Sharing Agreement
to be executed in their names and on their behalf by their respective duly
authorized agents.
LESSOR:
MICHAEL KORS (USA), INC.
By:
/s/ Joseph B. Parsons
Title:
EVP, CFO, COO and Treasurer
Date:
11/24/14
LESSEE:
/s/ John D. Idol
John Idol