Document:

Amendment No. 2 dated April 30, 2010 to Demand Promissory Note

 Exhibit 10.13 

AMENDMENT NO. 2 

TO 

DEMAND PROMISSORY NOTE 

Dated:        April 30, 2010 

REFERENCE IS MADE TO THE DEMAND PROMISSORY NOTE (the “Note”) dated September 24, 2007 and effective as of
August 10, 2007 by KENMAR PREFERRED INVESTMENTS CORP., a Delaware corporation (the “Maker”) to KENMAR GLOBAL TRUST, a Delaware business trust (the “Holder”), as amended by Amendment No. 1 to
the Note dated February 23, 2009 (“Amendment No. 1”). 
 Pursuant to the terms of the Note and
Amendment No. 1 thereto, any portion of the principal amount of the Note which has not been demanded by the Holder prior to August 31, 2010 shall be due and payable by the Maker, along with all accrued and unpaid interest thereon on
August 31, 2010, unless Maker and Holder agree to an extension thereof. 
 By this Amendment No. 2, Maker and Holder
agree to modify the terms of the Note as follows: 
  

	 	3.	Fifty percent (50%) of the outstanding principal amount of the Note as of the date hereof, along with all accrued and unpaid interest thereon, shall be due and
payable by the Maker on December 31, 2010; and 

  

	 	4.	Fifty percent (50%) of the outstanding principal amount of the Note as of the date hereof, along with all accrued and unpaid interest thereon, shall be due and
payable by the Maker on December 31, 2011. 

 All other terms and provisions of the Note shall remain
unchanged and in full force and effect. 
 This Amendment is made in the State of New York and shall be governed by and
construed in accordance with the laws of said State, without regard to conflict of laws principles. 
 IN WITNESS
WHEREOF, the Maker and the Holder have executed this Amendment as of the date first written above. 
  

 

					
	KENMAR PREFERRED INVESTMENTS CORP.
		
	By:	 	/s/ Kenneth A. Shewer
		 	Name:	 	Kenneth A. Shewer
		 	Title:	 	Chairman
	
	KENMAR GLOBAL TRUST
		
	By:	 	Kenmar Preferred Investments Corp.,
its Managing Owner
		
	By:	 	/s/ Marc S. Goodman
		 	Name:	 	Marc S. Goodman
		 	Title:	 	PresidentPledge Agreement dated April 30, 2010

 Exhibit 10.14 

PLEDGE AGREEMENT 

PLEDGE AGREEMENT, dated as of April 30, 2010 (as amended from time to time, the “Agreement”), by and between Kenmar
Preferred Investments Corp., a Delaware corporation (the “Pledgor”), and Kenmar Global Trust, a Delaware business trust (the “Holder”). 

WHEREAS, the Pledgor has executed that certain Demand Promissory Note in favor of the Holder dated September 24, 2007, as
amended on February 23, 2009 and April 30, 2010 (the “Note”); 
 WHEREAS, the Pledgor, as the
managing owner of World Monitor Trust III, is entitled to receive the management fee pursuant to Section 4.9 of the Second Amended and Restated Declaration of Trust and Trust Agreement of World Monitor Trust III, dated March 31, 2010 (the
“Management Fee”); 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows: 
  

	I.	THE PLEDGE 

Section 1.01    Pledge. To secure the payment and performance under the Note, the Pledgor hereby
conveys, pledges, assigns and transfers to the Holder, and grants to the Holder a continuing security interest (the “Security Interest”) in, all right, title, claim and interest of the Pledgor in and to (the
“Collateral”): (a) the Management Fee; and (b) all rights, powers and privileges of the Pledgor under or with respect to the Management Fee. 

Section 1.02    Release of Interest in Collateral. Upon the payment of all amounts due under the
Note, the Holder shall have no further rights under this Agreement. 
  

	II.	COVENANTS AND AGREEMENTS 

Section 2.01    Further Assurances. The Pledgor shall, at its own expense, perform on request of
the Holder, such acts as may be necessary or advisable in the opinion of the Holder, or that the Holder may reasonably request at any time, to effectuate the purpose of this Agreement so that the Holder may obtain the full benefits of this Agreement
and the rights and powers created herein. 
 Section 2.02    Sale of Collateral; Further
Encumbrances. So long as this Agreement is in effect, Pledgor will defend the Collateral against the claims and demands of all other parties; will keep the Collateral free and clear from all security interests or other encumbrances, except
for the security interest created under this Agreement and will not sell, transfer, assign, deliver or otherwise convey, pledge, hypothecate or grant or permit to exist any lien on or security interest in or otherwise encumber or dispose of, or
modify or amend, any interest in the Collateral without the prior written consent of Holder. 
  

	III.	EVENTS OF DEFAULT: RIGHTS AND REMEDIES ON DEFAULT 

Section 3.01    Event of Default. If Pledgor shall fail to pay any amount due under the Note for
any reason or no reason, or if Pledgor fails to perform any material covenant or agreement under this Agreement, or Pledgor becomes bankrupt or insolvent, such event shall constitute an “Event of Default.” 

Section 3.02    Remedies. If upon or after the occurrence of any Event of Default, the Holder
elects to exercise remedies under this Agreement, then, Holder shall have all future rights with respect to the Collateral, in an amount equal to the outstanding amount due under the Note. 

	IV.	GENERAL 

Section 4.01    Successors and Assigns. This Agreement shall be binding upon and, subject to the
next sentence, inure to the benefit of the Pledgor and the Holder and their respective successors and assigns. Neither party shall assign or transfer any of its rights or obligations hereunder without the prior written consent of the other party.

 Section 4.02    Continuing Security Interest; Termination. This Agreement shall create
a continuing security interest in the Collateral and all agreements, representations and warranties made herein shall survive until, and this Agreement shall terminate only upon the release of the Collateral pursuant to Section 1.02.

 Section 4.03    Governing Law. This Agreement shall be construed in accordance with
the laws of the State of New York. 
 Section 4.04    Notices. All notices and other
communications under this Agreement shall be in writing and shall be personally delivered or sent by prepaid courier, by overnight, registered or certified mail (postage prepaid) or by facsimile or e-mail, and shall be deemed given when received by
the intended recipient thereof. Unless otherwise specified in a notice given in accordance with the foregoing provisions of this Section, notices and other communications shall be given to the parties hereto at their respective addresses (or to
their respective facsimile numbers) indicated on the signature page hereto. 

Section 4.05    Counterparts. This Agreement may be executed in any number of counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 

Section 4.06    Complete Agreement. This Agreement is intended by the parties as a final
expression of their agreement regarding the subject matter hereof and as a complete and exclusive statement of the terms and conditions of such agreement. 

Section 4.07    Waiver of Trial By Jury. THE PLEDGOR AND THE HOLDER WAIVE THE RIGHT TO A TRIAL BY JURY
IN ANY ACTION UNDER THIS AGREEMENT OR ANY ACTION ARISING OUT OF THE TRANSACTIONS CONTEMPLATED HEREBY, REGARDLESS OF WHICH PARTY INITIATES SUCH ACTION OR ACTIONS. 
  

 
  

[Remainder of page left blank intentionally] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered as of the date first set forth above. 
  
  

			
	Pledgor:
	
	KENMAR PREFERRED INVESTMENTS CORP.
		
	By:    	 	/s/ Kenneth A. Shewer
		 	 Name:    Kenneth A. Shewer

Title:      Chairman

	
	Address and Facsimile No. for Notices:
	
	 900 King Street, Suite 100

Rye Brook, NY 10573
 Attn: General
Counsel
 Fax: 914-307-4045
 E-mail:
legaldept@kenmar.com

	
	Holder:
	
	KENMAR GLOBAL TRUST
		
	By:    	 	 Kenmar Preferred Investments Corp.,

its Managing Owner

		
	By:	 	/s/ Marc S. Goodman
		 	 Name:    Marc S. Goodman

Title:      President

	
	Address and Facsimile No. for Notices:
	
	 900 King Street, Suite 100

Rye Brook, NY 10573
 Attn: General
Counsel
 Fax: 914-307-4045
 E-mail:
legaldept@kenmar.comForm of Nonqualified Stock Option Agreement (Time-Vesting)

 Exhibit 10.1 

HAWKER BEECHCRAFT, INC. 

NONQUALIFIED STOCK OPTION AGREEMENT 

(Time-Vesting) 

THIS AGREEMENT (the “Agreement”), is made effective as of [DATE] (the “Date of Grant”), between Hawker Beechcraft,
Inc., a Delaware corporation (the “Company”), and                      (the “Participant”). 

R E C I T A L S: 

WHEREAS, the Company has adopted the Hawker Beechcraft, Inc. 2007 Stock Option Plan (the “Plan”), which Plan is incorporated
herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein shall have the meanings given thereto in the Plan; 

WHEREAS, the Company is an indirect parent of HBC; and 

WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to grant an Option to
the Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants
hereinafter set forth, the parties agree as follows: 
 1. General. 

(a) Grant of the Option. The Company hereby grants to the Participant the right and option to purchase, pursuant to Section 6
of the Plan and the terms and conditions hereinafter set forth, all or any part of an aggregate of [            ] Shares, subject to adjustment as set forth in the Plan. The Option Price
shall be $[PRICE] per share, which the Company and the Participant agree is not less than the Fair Market Value of the Shares as of the date hereof. The Option is granted pursuant to and is governed in all respects by the Plan. This Option is not
intended to constitute an incentive stock option under Section 422 of the Code. 
 (b) Term. The term of the Option
shall be ten (10) years from and after the Date of Grant. Unless the Option is earlier terminated or canceled as provided elsewhere herein, the Option shall expire at the close of regular business hours at the Company’s headquarters on the
last day of the term of the Option. Upon such expiration, this Agreement and all rights of the Optionee to exercise the Option shall automatically terminate. 

 2. Vesting; Termination of Employment. 

(a) Subject to Section 2(b) hereof and the earlier termination or cancellation of the Option as set forth herein or in the Plan, the
Option shall vest and become exercisable as follows, in each case so long as the Participant’s Employment has not theretofore terminated: 

(i) Prior to the first (1st) anniversary of the Date of Grant, no portion of the Option shall vest or be exercisable; 

(ii) On and after the first (1st) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an
aggregate of 20% of the Shares; 
 (iii) On and after the second (2nd) anniversary of the Date of Grant, the Option shall
vest and be exercisable with respect to an aggregate of 40% of the Shares; 
 (iv) On and after the third
(3rd) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an aggregate of 60% of the Shares; 

(v) On and after the fourth (4th) anniversary of the Date of Grant, the Option shall vest and be exercisable with respect to an
aggregate of 80% of the Shares; and 
 (vi) On and after the fifth (5th) anniversary of the Date of Grant, the Option
shall vest and be exercisable with respect to an aggregate of 100% of the Shares. 
 The portion of the Option which has become vested and
exercisable as described herein is hereinafter referred to as the “Vested Portion.” 
 (b) If the Participant’s
Employment is terminated for Cause, the Option shall, whether or not then vested, be automatically canceled without payment of consideration therefor. 

(c) If the Participant’s Employment is terminated by the Company without Cause, or due to the Participant’s death or
Disability, the Participant shall be vested in an additional 20% of the Shares originally subject to the Option. The Option shall, to the extent not previously vested or vesting as described in this Section 2(c), be automatically canceled
without payment of consideration therefor, and the Vested Portion of the Option shall remain exercisable for the applicable period set forth in Section 3(a). 

(d) Upon termination of the Participant’s Employment for any reason other than those set forth in Paragraph (b) or (c) of
this Section 2, the Option shall, to the extent not previously vested, be automatically canceled without payment of consideration therefor, and the Vested Portion of the Option shall remain exercisable for the period set forth in
Section 3(a). 
 (e) Upon the occurrence of a Transaction, the Option shall, to the extent not then vested, automatically
become fully vested and exercisable. 
 (f) In the event of a Transaction the Committee may either (i) cancel the Option
and make payment in connection with such cancellation equal to the excess, if any, of the Fair Market Value of the Shares subject to such Option over the aggregate Option Price of such 

 

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Option or (ii) provide for the issuance of substitute options or other awards that will preserve, as nearly as practicable, the economic terms of the Option, in each case as determined by
the Committee in good faith and, in each case, in compliance, to the extent applicable, with Section 409A of the Code as determined by the Board. 

3. Exercise of Option. 

(a) Post-Termination Period of Exercise. 

(i) In the case of termination of the Participant’s Employment due to the Participant’s death or Disability, subject to any
provisions of the Plan and this Agreement to the contrary, the Participant (or his heir or legatee, if applicable) may exercise all or any part of the Vested Portion of the Option at any time prior to earliest to occur of (x) the tenth
(10th) anniversary of the Date of Grant and (y) the first (1st) anniversary of the date of termination of Employment. 

(ii) In the case of termination of the Participant’s Employment for any reason other than the Participant’s death or
Disability, the Participant may exercise all or any part of the Vested Portion of the Option at any time prior to the earliest to occur of (x) the tenth (10th) anniversary of the Date of Grant and (y) 5:00 pm (Eastern time) on the
ninetieth (90th) day following the date of the Participant’s termination of Employment. 
 (b) Method of
Exercise. 
 (i) Subject to Section 3(a), the Vested Portion of the Option may be exercised by delivering to the
Company at its principal office written notice of intent to so exercise; provided that the Option may be exercised with respect to whole Shares only. Such notice shall specify the number of Shares for which the Option is being exercised (the
“Purchased Shares”) and shall be accompanied by payment in full of the Option Price in cash or by check or wire transfer; provided, however, that payment of such aggregate exercise price may instead be made, in whole or in part, by
(i) the delivery to the Company of a certificate or certificates representing Shares, duly endorsed or accompanied by a duly executed stock power, which delivery effectively transfers to the Company good and valid title to such Shares, free and
clear of any pledge, commitment, lien, claim or other encumbrance (such shares to be valued on the basis of the aggregate Fair Market Value thereof on the date of such exercise), or (ii) by a reduction in the number of Purchased Shares to be
issued upon such exercise having a Fair Market Value on the date of exercise equal to the aggregate Option Price in respect of the Purchased Shares, provided that the Company is not then prohibited from purchasing or acquiring such Shares. The
Participant shall not have any rights to dividends or other rights of a stockholder with respect to Shares subject to the Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares, satisfied any
applicable withholding requirements and, if applicable, satisfied any other conditions imposed by the Committee or pursuant to the Plan or this Agreement. 

(ii) Notwithstanding any other provision of the Plan or this Agreement to the contrary, the Option may not be exercised prior to the
completion of any registration or qualification of the Option or the Shares under applicable state and federal securities or other 

 

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laws, or under any ruling or regulation of any governmental body or national securities exchange (collectively, the “Legal Requirements”) that the Committee shall in its sole discretion
determine to be necessary or advisable, unless an exemption to such registration or qualification is available and satisfied. The Committee may establish additional procedures as it deems necessary or desirable in connection with the exercise of the
Option or the issuance of any Shares upon such exercise to comply with any Legal Requirements. Such procedures may include but are not limited to the establishment of limited periods during which the Option may be exercised or that following receipt
of the notice of exercise, and prior to the completion of the exercise, the Participant will be required to affirm the exercise of the Option following receipt of any disclosure deemed necessary or desirable by the Committee. 

(iii) Upon the Committee’s determination that the Option has been validly exercised as to any of the Shares, and that the
Participant has paid in full for such Shares and satisfied any applicable withholding requirements, the Company shall issue certificates in the Participant’s name for such Shares. 

(iv) In the event of the Participant’s death, the Vested Portion of the Option shall remain exercisable by the Participant’s
executor or administrator, or the person or persons to whom the Participant’s rights under this Agreement shall pass by will or by the laws of descent and distribution as the case may be, to the extent set forth in Section 3(a)(ii) (and
the term “Participant” shall be deemed to include such heir or legatee). Any such heir or legatee of the Participant shall take rights herein granted subject to the terms and conditions hereof. 

(v) In consideration of the grant of this Option, the Participant agrees that, as a condition to the exercise of any option to purchase
Shares (whether this Option or any other option), the Participant shall, with respect to such Shares, have become a party to the Shareholders Agreement. 

4. Participant Covenants. In consideration of and as a condition to the grant of the Option, the Participant agrees to the
following covenants. 
 (a) Unauthorized Disclosure. The Participant agrees and understands that in the
Participant’s position with the Company Group, the Participant has been and will be exposed to and has and will receive information relating to the confidential affairs of the Company and its Affiliates, including, without limitation, technical
information, intellectual property, business and marketing plans, strategies, customer information, software, other information concerning the products, promotions, development, financing, expansion plans, business policies and practices of the
Company and its Affiliates and other forms of information considered by the Company and its Affiliates to be confidential or in the nature of trade secrets (including, without limitation, ideas, research and development, know-how, formulas,
technical data, designs, drawings, specifications, customer and supplier lists, pricing and cost information and business and marketing plans and proposals) (collectively, the “Confidential Information”). The Participant agrees that at all
times during the Participant’s Employment with the Company and thereafter, the Participant shall not disclose such Confidential Information, either directly or indirectly, to any Person without the prior written consent of the Company and shall
not use or attempt to use any such information in any manner other than in connection with his Employment with the Company Group, unless required by law to disclose such information, in which case the

  

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Participant shall provide the Company with written notice of such requirement as far in advance of such anticipated disclosure as possible. This confidentiality covenant has no temporal,
geographical or territorial restriction. Upon termination of the Participant’s Employment with the Company Group, the Participant shall promptly supply to the Company all property, keys, notes, memoranda, writings, lists, files, reports,
customer lists, correspondence, tapes, disks, cards, surveys, maps, logs, machines, technical data and any other tangible product or document which has been produced by, received by or otherwise submitted to the Participant during or prior to the
Participant’s Employment with the Company Group, and any copies thereof in his (or capable of being reduced to his) possession. 

(b) Non-Competition. By and in consideration of the Company’s entering into this Agreement and granting the Option hereunder,
and in further consideration of the Participant’s exposure to the Confidential Information of the Company and its Affiliates, the Participant agrees that the Participant shall not, during the Participant’s Employment with the Company Group
and for a period of twenty-four (24) months thereafter (the “Restriction Period”), directly or indirectly, own, manage, operate, join, control, be employed by, or participate in the ownership, management, operation or control of, or
be connected in any manner with, including, without limitation, holding any position as a stockholder, director, officer, consultant, independent contractor, employee, partner, or investor in, any Restricted Enterprise (as defined below);
provided, that in no event shall ownership of one percent (1%) or less of the outstanding securities of any class of any issuer whose securities are registered under the Securities Exchange Act of 1934, as amended, standing alone, be
prohibited by this Section 4(b), so long as the Participant does not have, or exercise, any rights to manage or operate the business of such issuer other than rights as a stockholder thereof. For purposes of this paragraph, “Restricted
Enterprise” shall mean any Person that is actively engaged in any geographic area in (i) the ownership of a type certificate of, or the design, manufacture, sale, or marketing of, general aviation aircraft of whatever description,
including, without limitation, of whatever size, range, engine type, or intended use, or of military trainer aircraft, or the design, manufacture, distribution, sale, or marketing of airframe components for general aviation aircraft or military
trainer aircraft, or the provision of line fixed base operations or maintenance, repair, and/or overhaul services for general aviation aircraft or military trainer aircraft or (ii) any other business proposed to be conducted by the Company or
any of its subsidiaries in the Company’s business plan as in effect at that time. During the Restriction Period, upon request of the Company, the Participant shall notify the Company of the Participant’s then-current employment status.

 (c) Non-Solicitation of Employees. During the Restriction Period, the Participant shall not directly or indirectly
contact, induce or solicit (or assist any Person to contact, induce or solicit) for employment any person who is, or within twelve (12) months prior to the date of such solicitation was, an employee of the Company or any of its Affiliates.

 (d) Interference with Business Relationships. During the Restriction Period, the Participant shall not directly or
indirectly contact, induce or solicit (or assist any Person to contact, induce or solicit) any customer or client of the Company or its subsidiaries to terminate its relationship or otherwise cease doing business in whole or in part with the Company
or its subsidiaries, or directly or indirectly interfere with (or assist any Person to interfere with) any material relationship between the Company or its subsidiaries and any of its or their customers or clients so as to cause harm to the Company
or its Affiliates 
  

 5 

 (e) Proprietary Rights. The Participant shall disclose promptly to the Company any
and all inventions, discoveries, and improvements (whether or not patentable or registrable under copyright or similar statutes), and all patentable or copyrightable works, initiated, conceived, discovered, reduced to practice, or made by him,
either alone or in conjunction with others, during the Participant’s Employment with the Company and related to the business or activities of the Company and its Affiliates (the “Developments”). Except to the extent any rights in any
Developments constitute a work made for hire under the U.S. Copyright Act, 17 U.S.C. § 101 et seq. that are owned ab initio by the Company and/or its applicable affiliate, the Participant assigns all of his right, title and interest in all
Developments (including all intellectual property rights therein) to the Company or its nominee without further compensation, including all rights or benefits therefor, including without limitation the right to sue and recover for past and future
infringement. The Participant acknowledges that any rights in any Developments constituting a work made for hire under the U.S. Copyright Act, 17 U.S.C § 101 et seq. are owned upon creation by the Company and/or its applicable Affiliate as the
Participant’s employer. Whenever requested to do so by the Company, the Participant shall execute any and all applications, assignments or other instruments which the Company shall deem necessary to apply for and obtain trademarks, patents or
copyrights of the United States or any foreign country or otherwise protect the interests of the Company and its Affiliates therein. These obligations shall continue beyond the end of the Participant’s Employment with the Company with respect
to inventions, discoveries, improvements or copyrightable works initiated, conceived or made by the Participant while employed by the Company, and shall be binding upon the Participant’s employers, assigns, executors, administrators and other
legal representatives. In connection with his execution of this Agreement, the Participant has informed the Company in writing of any interest in any inventions or intellectual property rights that he holds as of the date hereof. If the Company is
unable for any reason, after reasonable effort, to obtain the Participant’s signature on any document needed in connection with the actions described in this Section 4(e), the Participant hereby irrevocably designates and appoints the
Company and its duly authorized officers and agents as the Participant’s agent and attorney in fact to act for and on the Participant’s behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to
further the purposes of this Section 4(e) with the same legal force and effect as if executed by the Participant. 
 5.
No Right to Continued Employment. The granting of the Option evidenced hereby and this Agreement shall impose no obligation on the Company or any other member of the Company Group to continue the Employment of the Participant and shall not
lessen or affect the Company’s or such other member’s right to terminate the Employment of such Participant. 
 6.
Legend on Certificates. The certificates representing the Shares purchased upon the exercise of the Option shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules,
regulations, and other requirements of the Securities and Exchange Commission and any stock exchange upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions. 
 7. Transferability. The Option and the
Participant’s other rights and obligations under the Plan and this Agreement may not be assigned, alienated, pledged, attached, sold or 

 

 6 

 
otherwise transferred or encumbered by the Participant without the prior written consent of the Company otherwise than by will or by the laws of descent and distribution, and any such purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any of its Affiliates; provided that the designation of a beneficiary shall not constitute an assignment, alienation,
pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Option to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and
a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. During the Participant’s lifetime, the Option is
exercisable only by the Participant. 
 8. Withholding. Whenever Shares are to be issued upon exercise of the Option, the
Company shall have the right to require the Participant to remit to the Company cash sufficient to satisfy all federal, state and local withholding tax requirements prior to issuance of the Shares and the delivery of any certificate or certificates
for such Shares. The Participant may satisfy such tax withholding obligation by surrendering to the Company at the time of exercise Purchased Shares (valued in the manner provided in Section 3(b)(i) above), provided that the Company is not then
prohibited from purchasing or acquiring such Shares. 
 9. Securities Laws. Upon the acquisition of any Shares pursuant
to the exercise of the Option, the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement.

 10. Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at
the principal executive office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party hereto at such other address as either party may hereafter designate in
writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
 11. Choice of
Law. This agreement shall be governed by and construed in accordance with the laws of the state of New York without regard to principles of conflicts of laws. 

12. Option Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has
received and read a copy of the Plan. The Option is subject to the Plan. The terms and provisions of the Plan, as it may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any term or
provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

13. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, effective as of the
Date of Grant. 
  

			
	HAWKER BEECHCRAFT, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 Agreed and acknowledged as of the Date of Grant:

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