Document:

EX-4.2

 Exhibit 4.2 

WHEN RECORDED MAIL TO: 
 Ameren Illinois Company 

Craig W. Stensland 
 One Ameren Plaza (MC 1310) 

1901 Chouteau Avenue 
 St. Louis, MO 63103 

AMEREN ILLINOIS COMPANY 

(SUCCESSOR TO ILLINOIS POWER COMPANY) 

TO 
 THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. 
 AS SUCCESSOR TRUSTEE TO 

HARRIS TRUST AND SAVINGS BANK 
  

 
 SUPPLEMENTAL
INDENTURE 
 DATED AS OF NOVEMBER 1, 2017 

TO 
 GENERAL MORTGAGE
INDENTURE AND DEED OF TRUST 
 DATED AS OF NOVEMBER 1, 1992 

 
  

This instrument was prepared by Gregory L. Nelson, Esq., Senior Vice President, General Counsel and Secretary of Ameren Illinois Company c/o Ameren
Corporation, One Ameren Plaza, 1901 Chouteau Avenue, St. Louis, Missouri 63103. 
  

 
  

 SUPPLEMENTAL INDENTURE dated as of November 1, 2017 (this “Supplemental
Indenture”), made by and between AMEREN ILLINOIS COMPANY (formerly named Central Illinois Public Service Company (“CIPS”) and successor to Illinois Power Company (“IP”) pursuant to the Merger, as defined
below), a corporation organized and existing under the laws of the State of Illinois (hereinafter sometimes called the “Company”), party of the first part, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking
association organized and existing under the laws of the United States, as successor trustee to Harris Trust and Savings Bank, as Trustee (the “Trustee”) under the General Mortgage Indenture and Deed of Trust dated as of
November 1, 1992, hereinafter mentioned, party of the second part; 
 WHEREAS, the Company has heretofore executed and delivered
its General Mortgage Indenture and Deed of Trust dated as of November 1, 1992 as from time to time amended and supplemented (the “Indenture”), to the Trustee, for the security of the Bonds issued and to be issued thereunder
(the “Bonds”); and 
 WHEREAS, as of 12:01 a.m. Central Time (the “Effective Time”) on
October 1, 2010, pursuant to the Agreement and Plan of Merger dated as of April 13, 2010 among CIPS, IP and Central Illinois Light Company (“CILCO”), IP and CILCO were merged with and into the Company (the
“Merger”) whereby the Company is the surviving corporation; and 
 WHEREAS, pursuant to Sections 13.01 and 14.01(a)
of the Indenture, the Company and the Trustee executed the Supplemental Indenture dated as of October 1, 2010 whereby, among other things, the Company (a) assumed the due and punctual payment of the principal of and premium, if any, and
interest, if any, on all of the Bonds then Outstanding and the performance and observance of every covenant and condition of the Indenture to be performed or observed by IP and (b) subjected to the Lien of the Indenture all equipment and
fixtures (other than Excepted Property, which is expressly excepted and excluded from the Lien of the Indenture) that were owned by CIPS immediately prior to the Effective Time and were of the same kind and character as the Mortgaged Property
immediately prior to the Effective Time; and 
 WHEREAS, pursuant to Sections 13.02 and 14.01(a)(i) of the Indenture, the Company has
succeeded to, and has been substituted for, and may exercise every right and power of, IP under the Indenture with the same effect as if the Company had been named the “Company” in the Indenture; and 

WHEREAS, pursuant to Section 14.01(a) of the Indenture, the Company and the Trustee executed 59 Supplemental Indentures dated
as of January 15, 2011 subjecting to the Lien of the Indenture certain real property that was owned by CIPS immediately prior to the Merger; and 

WHEREAS, pursuant to Section 14.01(a) of the Indenture, the Company and the Trustee executed a Supplemental Indenture dated
as of December 1, 2013 subjecting to the Lien of the Indenture certain franchises, permits, licenses, easements and rights of way; and 

WHEREAS, pursuant to the terms and provisions of the Indenture there were created and authorized by supplemental indentures thereto
bearing the following dates, respectively, the Bonds of the series issued thereunder and respectively identified opposite such dates: 
  

					
	 DATE OF
 SUPPLEMENTAL

INDENTURE
	  	 IDENTIFICATION OF SERIES
	  	 CALLED

			
	February 15, 1993	  	8% Series due 2023 (redeemed)	  	Bonds of the 2023 Series
			
	March 15, 1993	  	6 1/8% Series due 2000 (paid at maturity)	  	Bonds of the 2000 Series
			
	March 15, 1993	  	6 3/4% Series due 2005 (paid at maturity)	  	Bonds of the 2005 Series
			
	July 15, 1993	  	7 1/2% Series due 2025 (redeemed)	  	Bonds of the 2025 Series

					
	 DATE OF
 SUPPLEMENTAL

INDENTURE
	  	 IDENTIFICATION OF SERIES
	  	 CALLED

			
	August 1, 1993	  	6 1/2% Series due 2003 (paid at maturity)	  	Bonds of the 2003 Series
			
	October 15, 1993	  	5 5/8% Series due 2000 (paid at maturity)	  	Bonds of the Second 2000 Series
			
	November 1, 1993	  	Pollution Control Series M (redeemed)	  	Bonds of the Pollution Control Series M
			
	November 1, 1993	  	Pollution Control Series N (redeemed)	  	Bonds of the Pollution Control Series N
			
	November 1, 1993	  	Pollution Control Series O (redeemed)	  	Bonds of the Pollution Control Series O
			
	April 1, 1997	  	Pollution Control Series P (retired)	  	Bonds of the Pollution Control Series P
			
	April 1, 1997	  	Pollution Control Series Q (retired)	  	Bonds of the Pollution Control Series Q
			
	April 1, 1997	  	Pollution Control Series R (retired)	  	Bonds of the Pollution Control Series R
			
	March 1, 1998	  	Pollution Control Series S (redeemed)	  	Bonds of the Pollution Control Series S
			
	March 1, 1998	  	Pollution Control Series T (redeemed)	  	Bonds of the Pollution Control Series T
			
	July 15, 1998	  	6 1/4% Series due 2002 (paid at maturity)	  	Bonds of the 2002 Series
			
	September 15, 1998	  	6% Series due 2003 (paid at maturity)	  	Bonds of the Second 2003 Series
			
	June 15, 1999	  	7.50% Series due 2009 (paid at maturity)	  	Bonds of the 2009 Series
			
	July 15, 1999	  	Pollution Control Series U	  	Bonds of the Pollution Control Series U
			
	July 15, 1999	  	Pollution Control Series V (redeemed)	  	Bonds of the Pollution Control Series V
			
	May 1, 2001	  	Pollution Control Series W (retired)	  	Bonds of the Pollution Control Series W
			
	May 1, 2001	  	Pollution Control Series X (retired)	  	Bonds of the Pollution Control Series X
			
	July 1, 2002	  	10 5/8% Series due 2007 (not issued)	  	Bonds of the 2007 Series
			
	July 1, 2002	  	10 5/8% Series due 2012 (not issued)	  	Bonds of the 2012 Series
			
	December 15, 2002	  	11.50% Series due 2010 (redeemed)	  	Bonds of the 2010 Series
			
	June 1, 2006	  	Mortgage Bonds, Senior Notes Series AA (retired)	  	Bonds of Series AA

  
 2 

					
	 DATE OF
 SUPPLEMENTAL

INDENTURE
	  	 IDENTIFICATION OF SERIES
	  	 CALLED

			
	August 1, 2006	  	Mortgage Bonds, 2006 Credit Agreement Series Bonds (retired)	  	2006 Credit Agreement Series Bonds
			
	March 1, 2007	  	Mortgage Bonds, 2007 Credit Agreement Series Bonds (retired)	  	2007 Credit Agreement Series Bonds
			
	November 15, 2007	  	Mortgage Bonds, Senior Notes Series BB	  	Bonds of Series BB
			
	April 1, 2008	  	Mortgage Bonds, Senior Notes Series CC	  	Bonds of Series CC
			
	October 1, 2008	  	Mortgage Bonds, Senior Notes Series DD	  	Bonds of Series DD
			
	June 15, 2009	  	Mortgage Bonds, 2009 Credit Agreement Series Bonds (retired)	  	2009 Credit Agreement Series Bonds
			
	October 1, 2010	  	Mortgage Bonds, Senior Notes Series CIPS-AA	  	Series CIPS-AA Mortgage Bonds
			
	October 1, 2010	  	Mortgage Bonds, Senior Notes Series CIPS-BB (retired)	  	Series CIPS-BB Mortgage Bonds
			
	October 1, 2010	  	Mortgage Bonds, Senior Notes Series CIPS-CC	  	Series CIPS-CC Mortgage Bonds
			
	August 1, 2012	  	First Mortgage Bonds, Senior Notes Series EE	  	Bonds of Series EE
			
	December 1, 2013	  	First Mortgage Bonds, Senior Notes Series FF	  	Bonds of Series FF
			
	June 1, 2014	  	First Mortgage Bonds, Senior Notes Series GG	  	Bonds of Series GG
			
	December 1, 2014	  	First Mortgage Bonds, Senior Notes Series HH	  	Bonds of Series HH
			
	December 1, 2015	  	First Mortgage Bonds, Senior Notes Series II	  	Bonds of Series II

 and 

WHEREAS, a supplemental indenture with respect to the Bonds of the 2007 Series and the Bonds of the 2012 Series listed above
was executed and filed but such Bonds of the 2007 Series and Bonds of the 2012 Series were never issued and a release with respect to such supplemental indenture was subsequently executed and filed; and 

WHEREAS, pursuant to Section 14.01(a)(xi) of the Indenture, the Company and the Trustee executed a Supplemental Indenture dated as
of October 25, 2017 amending the Indenture and reserving rights to amend the Indenture; and 
 WHEREAS, the Company desires to
create a new series of Bonds to be issued under the Indenture; and 
 WHEREAS, the Company, in the exercise of the powers and
authority conferred upon and reserved to it under the provisions of the Indenture, and pursuant to appropriate resolutions of the Board of Directors, has duly resolved and determined to make, execute and deliver to the Trustee this Supplemental
Indenture in the form hereof for the purposes herein provided; and 

  
 3 

 WHEREAS, all conditions and requirements necessary to make this Supplemental Indenture a
valid, binding and legal instrument have been done, performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized; 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

THAT the Company, in consideration of the purchase and ownership from time to time of the Bonds and the service by the Trustee, and its
successors, under the Indenture and of One Dollar to it duly paid by the Trustee at or before the ensealing and delivery of these presents, the receipt of which is hereby acknowledged, hereby covenants and agrees to and with the Trustee and its
successors in trust under the Indenture, for the benefit of those who shall hold Bonds, as follows: 
 ARTICLE I 

DESCRIPTION OF THE BONDS OF THE 2047 SERIES 

Section 1.    The Company hereby creates a new series of Bonds to be known as “3.70% First Mortgage Bonds due
2047” (the “Bonds of the 2047 Series”). The Bonds of the 2047 Series shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, all of the terms, conditions and
covenants of the Indenture, as supplemented and modified. 
 The Bonds of the 2047 Series shall be dated as provided in Section 3.03 of
Article Three of the Indenture. The Bonds of the 2047 Series shall mature on December 1, 2047, shall accrue interest as set forth in the form of such Bonds below and shall bear interest at the rate of three and seventy hundredths
percent (3.70%) per annum. Interest on the Bonds of the 2047 Series is payable semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2018, until the principal sum is paid in full. Payments of
principal, premium, if any, and interest of or on the Bonds of the 2047 Series shall be payable in any coin or currency of the United States of America, which at the time of payment is legal tender for public and private debts. 

Section 2.    The Bonds of the 2047 Series and the Trustee’s Certificate of Authentication shall be
substantially in the following forms respectively: 
 [FORM OF BONDS OF THE 2047 SERIES]

 

			
	REGISTERED	 	REGISTERED

 [DTC Legend 

THIS BOND IS A GLOBAL BOND REGISTERED IN THE NAME OF THE DEPOSITARY (REFERRED TO HEREIN) OR A NOMINEE THEREOF AND, UNLESS AND UNTIL IT IS
EXCHANGED IN WHOLE FOR THE INDIVIDUAL BONDS REPRESENTED HEREBY AS PROVIDED IN THE INDENTURE REFERRED TO BELOW, THIS BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO
THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS BOND IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK), TO THE TRUSTEE FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST 

  
 4 

 
COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.] 
 AMEREN ILLINOIS COMPANY 

(Incorporated under the laws of the State of Illinois) 

Illinois Commerce Commission 

Identification No.: Ill. C.C. No.     

3.70% FIRST MORTGAGE BOND DUE 2047 
  

			
	CUSIP:	  	NUMBER:
	ISIN:	  	
		
	ORIGINAL ISSUE DATE:                	  	PRINCIPAL AMOUNT: $                
	INTEREST RATE: 3.70%	  	MATURITY DATE: December 1, 2047

 AMEREN ILLINOIS COMPANY, a corporation organized and existing under the laws of the State of Illinois (the
“Company”), which term shall include any Successor Corporation as defined in the Indenture hereinafter referred to, for value received, hereby promises to pay to
                    , or registered assigns, the principal sum of
                 ($            ) on the Maturity Date set forth above in any coin or currency of the United
States of America, which at the time of payment is legal tender for public and private debts, and to pay interest thereon from and including the Original Issue Date specified above or from and including the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually in arrears on June 1 and December 1 of each year, commencing on June 1, 2018, and on the Maturity Date, at the per annum Interest Rate set forth above until the principal
hereof is paid or made available for payment. No interest shall accrue on the Maturity Date, so long as the principal amount of this Bond is paid on the Maturity Date. The interest so payable, and punctually paid or duly provided for, on any such
Interest Payment Date (except for interest payable on the Maturity Date set forth above or, if applicable, upon acceleration), will, as provided in the Indenture hereinafter referred to, be paid to the Person in whose name this Bond is registered at
the close of business on the Regular Record Date for such interest, which shall be the May 15 or November 15, as the case may be, whether or not a Business Day, next preceding such Interest Payment Date; provided, that the first Interest
Payment Date for any part of this Bond, the Original Issue Date of which is after a Regular Record Date but prior to the applicable Interest Payment Date, shall be the Interest Payment Date following the next succeeding Regular Record Date; and
provided further, that interest payable on the Maturity Date set forth above or, if applicable, upon acceleration, shall be payable to the Person to whom principal shall be payable. Except as otherwise provided in the Indenture, any such interest
not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall be paid to the Person in whose name this Bond is registered at the close of business on a Special Record Date for the
payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders not more than fifteen days nor fewer than ten days prior to such Special Record Date. 

This Bond is one of a duly authorized issue of Bonds of the Company (the “Bonds”) in unlimited aggregate principal amount
except as provided in the Indenture, of the series hereinafter specified, all issued and to be issued under and equally secured by the General Mortgage Indenture and Deed of Trust (as amended and supplemented, the “Indenture”),
dated as of November 1, 1992, executed by the Company (as successor to Illinois Power Company) to The Bank of New York Mellon Trust Company, N.A., as successor trustee to Harris Trust and Savings Bank (the “Trustee”), to which
Indenture reference is hereby made for a description of the properties mortgaged and pledged, the nature and extent of the security, the rights of registered owners of the Bonds and of the Trustee in respect thereof, and the terms and conditions
upon which the Bonds are, and are to be, secured. The Bonds may be issued in series, for various principal sums, may mature at different times, may bear interest at different rates and may otherwise vary as provided in the Indenture. This
Bond is one of a series designated as the Bonds of the 2047 

  
 5 

 
Series of the Company, unlimited in aggregate principal amount except as provided in the Indenture, issued under and secured by the Indenture and described in the Supplemental Indenture dated as
of November 1, 2017 (the “Supplemental Indenture of November 1, 2017”), between the Company and the Trustee, supplemental to the Indenture. 

Each Bond of this Series shall be dated and issued as of the date of its authentication by the Trustee and shall bear an Original Issue Date.
Each Bond of this Series issued upon transfer, exchange or substitution of such Bond shall bear the Original Issue Date of such transferred, exchanged or substituted Bond, as the case may be. 

The Bonds of this Series shall be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

Interest on this Bond will accrue from and including the Original Issue Date specified above to, but excluding, June 1, 2018, and
thereafter, from and including each Interest Payment Date to, but excluding, the next succeeding Interest Payment Date, the Maturity Date or any redemption date, as the case may be. 

All or a portion of the Bonds of this Series may be redeemed at the option of the Company at any time or from time to time. The redemption
price for the Bonds of this Series to be redeemed on any redemption date prior to June 1, 2047 (six months prior to the Maturity Date) will be equal to the greater of the following amounts: (a) 100% of the principal amount of the
Bonds of this Series being redeemed on that redemption date; or (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Bonds of this Series being redeemed on that redemption date that would be
payable if such Bonds matured on June 1, 2047 , six months prior to the Maturity Date (not including any portion of any payments of interest accrued to the redemption date), discounted to the redemption date on a semiannual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined below) plus 15 basis points, as determined by the Reference Treasury Dealer
(as defined below), plus, in each case, accrued and unpaid interest thereon to the redemption date. The redemption price for the Bonds of this Series to be redeemed on any redemption date on or after June 1, 2047 (six months prior to the
Maturity Date) will be equal to 100% of the principal amount of the Bonds of this Series being redeemed on that redemption date plus accrued and unpaid interest thereon to the redemption date. 

The redemption price shall be payable to the Person to whom principal shall be payable except that installments of interest on Bonds of this
Series that are due and payable on Interest Payment Dates falling on or prior to a redemption date will be payable on the Interest Payment Date to the Holder of this Bond as of the close of business on the relevant Regular Record Date pursuant to
the Indenture. 
 With respect to a redemption occurring prior to June 1, 2047, the Company shall give the Trustee written notice of
the redemption price promptly after the calculation thereof and the Trustee shall not be responsible for such calculation. 
 The Company
shall mail notice of any redemption at least 10 days but not more than 60 days before the redemption date to each Holder of the Bonds of this Series to be redeemed, and, if less than all Bonds of this Series are to be redeemed, the particular
Bonds of this Series to be redeemed will be selected by the Trustee in such manner as it shall deem appropriate and fair; provided, that as long as the Bonds of this Series are represented by global certificates registered in the name of The
Depository Trust Company (“DTC”), or its nominee, beneficial interests in such global certificates will be selected for redemption by DTC in accordance with its standard procedures therefor. 

Any notice of redemption at the Company’s option may state that such redemption will be conditional upon receipt by the Trustee, on or
prior to the date fixed for such redemption, of money sufficient to pay the principal of, premium, if any, and interest on, the Bonds of this Series or portions thereof called for redemption, and that if such money has not been so received, such
notice will be of no force and effect and the Company will not be required to redeem such Bonds or portions thereof. Unless the Company defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on
the Bonds of this Series or portions thereof called for redemption. 

  
 6 

 “Adjusted Treasury Rate” means, with respect to any redemption date, the rate
per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such
redemption date. 
 “Business Day” means, with respect to Bonds of this series, any weekday that is not a day on which
banking institutions or trust companies in the Borough of Manhattan, the City and State of New York, or in the city where the corporate trust office of the Trustee is located, are obligated or authorized by law or executive order to close. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Reference Treasury Dealer as having a
maturity comparable to the remaining term of the Bonds of this Series to be redeemed (assuming, for this purpose, that the Bonds of this Series matured on June 1, 2047, six months prior to the Maturity Date) that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Bonds of this Series. 

“Comparable Treasury Price” means, with respect to any redemption date, (A) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (B) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations, or (C) if only one Reference Treasury Dealer Quotation is received, such quotation. 
 “Reference Treasury
Dealer” means (A) J.P. Morgan Securities LLC, Mizuho Securities USA LLC and a Primary Treasury Dealer (as defined below) selected by MUFG Securities Americas Inc., or, in each case, an affiliate thereof, which are primary U.S.
Government securities dealers in the United States (each, a “Primary Treasury Dealer”), and their respective successors; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company will
substitute therefor another Primary Treasury Dealer; and (B) any other Primary Treasury Dealer(s) selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m.
(New York City time) on the third Business Day preceding such redemption date. 
 Interest payments for this Bond shall be computed and paid
on the basis of a 360-day year consisting of twelve 30-day months (and for any partial periods shall be calculated on the basis of the number of days elapsed in a 360-day year of twelve 30 day months). If any Interest Payment Date falls on a day that is not a Business Day, the interest due on such Interest Payment Date will be paid on the next succeeding Business Day (and
without any interest or other payment in respect of any such delay). If the Maturity Date of this Bond or any redemption date falls on a day that is not a Business Day, the payment of principal, premium, if any, and interest will be made on the next
succeeding Business Day with the same force and effect as if made on such Maturity Date or redemption date, and no interest on such payment shall accrue for the period from and after the Maturity Date or such redemption date. 

The Company, at its option, and subject to the terms and conditions provided in the Indenture, will be discharged from any and all obligations
in respect of the Bonds of this Series (except for certain obligations including obligations to register the transfer or exchange of Bonds of this Series, replace stolen, lost or mutilated Bonds of this Series, maintain paying agencies and hold
monies for payment in trust, all as set forth in the Indenture) if the Company deposits with the Trustee money, Government Obligations which through the payment of interest thereon and principal thereof in accordance with their terms will provide
money, or a combination of money and Government Obligations, in any event in an amount sufficient, without reinvestment, to pay all the principal of and any premium and interest on the Bonds of this Series on the dates such payments are due in
accordance with the terms of the Bonds of this Series. 

  
 7 

 In case an Event of Default, as defined in the Indenture, shall occur and be continuing, the
principal of all Bonds at any such time outstanding under the Indenture may be declared or may become due and payable, upon the conditions and in the manner and with the effect provided in the Indenture. The Indenture provides that such
declaration may be rescinded under certain circumstances. 
 The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modifications of the rights and obligations of the Company and the rights of the Holders under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate principal
amount of the outstanding Bonds of all series directly affected by such amendment or modifications, considered as one class. Each initial and future Holder of this Bond, by its acquisition of an interest in this Bond, irrevocably (a) consents
to the amendments set forth in Article I of the Supplemental Indenture dated as of October 25, 2017, supplemental to the Indenture, without any other or further action by any Holder of this Bond, and (b) designates the Trustee, and its
successors, as its proxy with irrevocable instructions to vote and deliver written consents on behalf of such Holder in favor of such amendments at any meeting of Holders, in lieu of any meeting of Holders, in any consent solicitation or otherwise.
Any such consent or waiver by the Holder of this Bond shall be conclusive and binding upon such Holder and upon all future Holders of this Bond and of any Bond issued upon the registration of transfer hereof or in exchange therefor or in lieu
thereof whether or not notation of such consent or waiver is made upon this Bond. 
 As set forth in and subject to the provisions of the
Indenture, no Holder of any Bonds will have any right to institute any proceeding with respect to the Indenture or for any remedy thereunder unless such Holder shall have previously given to the Trustee written notice of a continuing Event of
Default with respect to such Bonds, the Holders of a majority in aggregate principal amount of the outstanding Bonds shall have made written request and offered reasonable indemnity to the Trustee to institute such proceeding as Trustee and the
Trustee shall have failed to institute such proceeding within 60 days after its receipt of such notice; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal
of and any premium or interest on this Bond on or after the respective due dates expressed herein. 
 No reference herein to the Indenture
and to provisions of this Bond or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Bond at the times, places and rates and the
coin or currency prescribed in the Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, this
Bond may be transferred only as permitted by the legend hereto and the provisions of the Indenture. 
 This Bond shall be governed by and
construed in accordance with the laws of the State of Illinois, except to the extent that the law of any other jurisdiction shall be mandatorily applicable. 

This Bond shall not be entitled to any benefit under the Indenture or any indenture supplemental thereto, or become valid or obligatory for
any purpose, until the form of certificate endorsed hereon shall have been signed by or on behalf of The Bank of New York Mellon Trust Company, N.A., as successor trustee to Harris Trust and Savings Bank, the Trustee under the Indenture, or a
successor trustee thereto under the Indenture (the “Trustee”). 
 All terms used in this Bond that are defined in the
Indenture shall have the meanings assigned to them in the Indenture unless otherwise indicated herein. 

  
 8 

 IN WITNESS WHEREOF, Ameren Illinois Company has caused this Bond to be signed (manually or by
facsimile signature) in its name by an Authorized Executive Officer, as defined in the aforesaid Indenture, and attested (manually or by facsimile signature) by an Authorized Executive Officer, as defined in such Indenture on the date hereof. 

 

							
	Dated:	 		 		 	
			
		 		 	AMEREN ILLINOIS COMPANY
				
		 		 	By:	 	  

		 		 		 	AUTHORIZED EXECUTIVE OFFICER

  

			
	ATTEST:
		
	By:	 	  

		 	AUTHORIZED EXECUTIVE OFFICER

 [FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION] 

This is one of the Bonds of the series designated therein referred to in the within mentioned Indenture and the Supplemental Indenture dated
as of November 1, 2017. 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

as successor trustee to 
 Harris
Trust and Savings Bank, 
 TRUSTEE, 
  

			
	By:	 	  

		 	AUTHORIZED SIGNATORY

 ARTICLE II 

REDEMPTION AND CONSENT TO AMENDMENTS 

Section 1.    The Bonds of the 2047 Series are redeemable as set forth in the form of such Bonds in Article I hereof.
If the Company elects to redeem any Bonds of the 2047 Series, it shall notify the Trustee of the redemption date and the principal amount of such Bonds to be redeemed not less than 15 days nor more than 90 days before such redemption date. 

Section 2.    Each initial and future Holder of the Bonds of the 2047 Series, by its acquisition of an interest in
such Bonds, irrevocably (a) consents to the amendments set forth in Article I of the Supplemental Indenture dated as of October 25, 2017, supplemental to the Indenture, without any other or further action by any Holder of such Bonds, and
(b) designates the Trustee, and its successors, as its proxy with irrevocable instructions to vote and deliver written consents on behalf of such Holder in favor of such amendments at any meeting of Holders, in lieu of any meeting of Holders,
in any consent solicitation or otherwise. 

  
 9 

 ARTICLE III 

ISSUE OF THE BONDS OF THE 2047 SERIES 

Section 1.    The Company hereby exercises the right to obtain the authentication of $500,000,000 principal amount of
additional Bonds pursuant to the terms of the Indenture, all of which shall be Bonds of the 2047 Series. 

Section 2.    Such Bonds of the 2047 Series may be authenticated and delivered prior to the filing for recordation of
this Supplemental Indenture. 
 Section 3.    After the authentication of such Bonds of the 2047 Series, without
the consent of any existing Holder of the Bonds of the 2047 Series, the Company may thereafter obtain from time to time the authentication of additional Bonds of the 2047 Series pursuant to the terms of the Indenture by Company Order referring to
this Supplemental Indenture having the same terms and conditions as the Outstanding Bonds of the 2047 Series in all respects (including the same CUSIP number), except for the date of original issuance, the offering price and, if applicable, the
initial interest accrual date and the initial Interest Payment Date. 
 ARTICLE IV 

THE TRUSTEE 
 The Trustee
hereby accepts the trusts hereby declared and provided, and agrees to perform the same upon the terms and conditions in the Indenture set forth and upon the following terms and conditions: 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture
or the due execution hereof by the Company or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely. In general, each and every term and condition contained in Article Eleven of the
Indenture shall apply to this Supplemental Indenture with the same force and effect as if the same were herein set forth in full, with such omissions, variations and modifications thereof as may be appropriate to make the same conform to this
Supplemental Indenture. 
 ARTICLE V 

MISCELLANEOUS PROVISIONS 

Except as otherwise defined herein, capitalized terms defined in the Indenture are used herein as therein defined. This Supplemental Indenture
may be simultaneously executed in any number of counterparts, each of which when so executed shall be deemed to be an original; but such counterparts shall together constitute but one and the same instrument. 

The Indenture, as supplemented and amended by this Supplemental Indenture and all other indentures supplemental thereto, is in all respects
ratified and confirmed, and the Indenture, this Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 

  
 10 

 IN WITNESS WHEREOF, said Ameren Illinois Company has caused this Supplemental Indenture to be
executed on its behalf by an Authorized Executive Officer as defined in the Indenture, and its corporate seal to be hereto affixed and said seal and this Supplemental Indenture to be attested by an Authorized Executive Officer as defined in the
Indenture; and said The Bank of New York Mellon Trust Company, N.A., as successor trustee to Harris Trust and Savings Bank, in evidence of its acceptance of the trust hereby created, has caused this Supplemental Indenture to be executed on its
behalf by one of its Vice Presidents and this Supplemental Indenture to be attested by its Secretary or one of its Vice Presidents; all as of November 1, 2017. 

AMEREN ILLINOIS COMPANY 
 (CORPORATE SEAL)

			
	By:	 	 /s/ Ryan J. Martin

	Name:	 	Ryan J. Martin
	Title:	 	Vice President and Treasurer

  

			
	 ATTEST:
	  	

  

			
	By:	 	 /s/ Craig W. Stensland

	Name:	 	Craig W. Stensland
	Title:	 	Assistant Secretary

  
 11 

 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

successor trustee to 
 Harris Trust
and Savings Bank, 
 TRUSTEE, 
  

			
	By:	 	 /s/ Lawrence M. Kusch

	Name:	 	Lawrence M. Kusch
	Title:	 	Vice President

  

			
	ATTEST:	  	

  

			
	By:	 	 /s/ Emily Gigerich

	Name:	 	Emily Gigerich
	Title:	 	Vice President

  
 12 

					
	STATE OF MISSOURI	 	 )	  	
		 		  	ss.
	CITY OF ST. LOUIS	 	  )	  	

 BE IT REMEMBERED, that on this 16th day of November,
2017, before me, the undersigned, a Notary Public within and for the City and State aforesaid, personally came Ryan J. Martin, Vice President and Treasurer and Craig W. Stensland, Assistant Secretary, of Ameren Illinois Company, a corporation duly
organized, incorporated and existing under the laws of the State of Illinois, who are personally known to me to be such officers, and who are personally known to me to be the same persons who executed as such officers the within instrument of
writing, and such persons duly acknowledged that they signed, sealed and delivered the said instrument as their free and voluntary act as such officers and as the free and voluntary act of said Ameren Illinois Company for the uses and purposes
therein set forth. 
 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal on the day and year last above
written. 
  

	
	 /s/ Jessica Poat

	NOTARY PUBLIC

  

	
	  

JESSICA POAT

	Notary Public – Notary Seal
	State of Missouri
	Commissioned for Franklin County
	My Commission Expires: December 07, 2019
	
Commission Number: 11211966
  

  
 13 

					
	 STATE OF ILLINOIS
	 	)	  	
		 		  	 ss.

	 COUNTY OF COOK
	 	)	  	

 BE IT REMEMBERED, that on this 17th day of November,
2017, before me, the undersigned, a Notary Public within and for the County and State aforesaid, personally came Lawrence M. Kusch, Vice President and Emily Gigerich, Vice President, of The Bank of New York Mellon Trust Company, N.A., a national
banking association duly organized, incorporated and existing under the laws of the United States, who are personally known to me or proved to me on the basis of satisfactory evidence to be the same persons who executed as such officers the within
instrument of writing, and such persons duly acknowledged that they signed and delivered the said instrument as their free and voluntary act as such Vice President and Vice President, and as the free and voluntary act of said The Bank of New York
Mellon Trust Company, N.A. for the uses and purposes therein set forth. 
 IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed my official seal on the day and year last above written. 
  

					
	“OFFICIAL SEAL”	  		  	 /s/ Carrie M. Beecher

	CARRIE M. BEECHER	  		  	NOTARY PUBLIC
	NOTARY PUBLIC – STATE OF ILLINOIS	  		  	
	MY COMMISSION EXPIRES	  		  	
		  		  	
	Official Seal	  		  	
	Carrie M. Beecher	  		  	
	Notary Public – State of Illinois	  		  	
	My Commission Expires: 03/29/2021	  		  	

  
 14Exhibit 10.1

 

AIRCRAFT
PURCHASE AGREEMENT

 

Dated
as of the 11 day of August, 2017

 

between

 

ME
Aviation Services, LLC

 

as
Seller,

 

and

 

Tempus
Applied Solutions Holdings, Inc.

 

as
Purchaser,

 

concerning
six (6) Lockheed Corporation model L-1011 Tristar aircraft bearing

 

United
States registration marks

 

N304CS

N405CS

N309CS

N705CS

N507CS

N703CS

 

and

 

manufacturer’s
serial numbers

 

1157

1164

1165

1174

1186

1188

 

     

     

    

 

AIRCRAFT
PURCHASE AGREEMENT

 

This
AIRCRAFT PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of the __11th__ day of August,
2017 (the “Effective Date”), by and between Tempus Applied Solutions Holdings, Inc., having its office at471
McLaws Circle, Suite A, Williamsburg, VA 23185, The United States of America, and/or its assigns (“Purchaser”),
and ME Aviation Services LLC, having its registered offices at 3033 5th Avenue, Suite 227, San Diego, CA 92103 (“Seller”).

 

W
I T N E S S E T H:

 

WHEREAS,
Seller owns each Aircraft described and referred to herein;

 

WHEREAS,
Purchaser desires to purchase each Aircraft from Seller.

 

NOW,
THEREFORE, in consideration of these premises and the mutual covenants and agreements herein contained, the Parties agree
as follows:

 

ARTICLE
I. DEFINITIONS

 

		1.1	The
                                         following terms shall have the following meanings for all purposes of this Agreement:

 

“Aircraft”
means (i) those certain Lockheed Corporation model L-1011 Tristar aircraft bearing the respective United States registration
marks and manufacturer’s serial numbers more particularly described in Exhibit A attached hereto (each, an “Airframe”),
together with the turbofan aircraft engines, bearing the respective manufacturer’s and model information, and serial numbers as
more particularly described in Exhibit A attached hereto (each, an “Engine”), and the installed Auxiliary Power
Units, bearing the respective manufacturer’s serial numbers more particularly described in Exhibit A attached hereto (each,
an “APU”) (ii) all appurtenances, appliances, parts, avionics, instruments, components, accessions and furnishings
pertaining thereto, (iii) loose equipment, accessories and other items, if any, specifically included on the Aircraft Specification
or the Inventory Listing, and (iv) all Aircraft Documents.

 

“Aircraft
Documents” means all documents and records relating to or required to be maintained with respect to an Aircraft, of any
kind or nature, including, without limitation, all airframe, engine, and accessory logbooks, manuals, flight records, weight and
balance manuals, tags, technical records, traceability records, task cards, information, overhaul records, maintenance records,
maintenance contracts, computerized maintenance programs, airframe and aircraft component warranties and service plans (if any),
engine warranties and service plans (if any), auxiliary power unit warranties and service plans (if any), avionics warranties
and service plans (if any), wiring diagrams, drawings and data. “Aircraft Documents” shall not include any flight logs
or records containing Seller’s confidential or proprietary information unrelated to the physical condition or maintenance
of an Aircraft, including passenger manifests, pilot assignments or financial, tax or accounting records.

 

“Aircraft
Protocol” means the official English language text of the Protocol to the Convention on International Interests in Mobile
Equipment on Matters Specific to Aircraft Equipment, adopted on 16 November 2001, at a diplomatic conference in Cape Town, South
Africa.

 

“Aircraft
Specification” means the Aircraft Specification set forth in Exhibit A attached hereto.

 

    	 	2	 

     

    

 

“Business
Day” means a day on which banks are open for general business in London and New York.

 

“Cape
Town Convention” means, collectively, the Convention and the Aircraft Protocol.

 

“Closing”
means the consummation of the purchase and sale transaction of the Aircraft contemplated by this Agreement.

 

“Closing
Date” means the date the Closing occurs.

 

“Contract
of Sale” has the meaning given to it in the Convention.

 

“Convention”
means the official English language text of the Convention on International Interests in Mobile Equipment, adopted on 16 November
2001, at a diplomatic conference in Cape Town, South Africa.

 

“Damage”
means, in relation to an Aircraft, damage that requires a major repair within the definition of Appendix A or Appendix B of
the FAR’s, Part 43, or the completion of an FAA Form 337, or for which an insurance claim is filed by Seller.

 

“Delivery
Location” means Bruntingthorpe Aerodrome, Lutterworth, LE17 5QS, England or such other location in the United Kingdom
as Purchaser, acting reasonably, may elect and to which Seller, acting reasonably, may consent.

 

“Delivery
Receipt” means an Aircraft Delivery Receipt in the form of Exhibit D attached hereto.

 

“Escrow
Agent” means Insured Aircraft Title Service, Inc., 4848 SW 36th Street, Oklahoma City, 73179, The United States of America.

 

“FAA”
means the United States Federal Aviation Administration.

 

“FAA
Bill of Sale” means an AC Form 8050-2 Aircraft Bill of Sale.

 

“FAR’s”
means the Federal Aviation Regulations, as amended from time to time.

 

“Inspections”
means Purchaser’s pre-purchase inspection of an Aircraft in accordance with Sections 3.2 and 3.4 hereof.

  

“Inspection
Workscope” means those tests and inspections described on Exhibit B attached hereto.

 

“Inspection
Facility” means the facilities at the Delivery Location.

 

“International
Interest” has the meaning given to it in the Convention.

 

    	 	3	 

     

    

 

“International
Registry” means the international registry located in Dublin, Ireland, established pursuant to the Cape Town Convention.

 

“International
Registry Procedures” means the official English language text of the Procedures of the International Registry issued
by the supervisory authority thereof pursuant to the Cape Town Convention.

 

“International
Registry Regulations” means the official English language text of the Regulations of the International Registry issued
by the supervisory authority thereof pursuant to the Cape Town Convention.

 

“Inventory
Listing” means an inventory of parts, loose equipment, engine covers, tool kits, and spares, if any, pertaining to an
Airframe, Engine and/or APU to be prepared jointly by Purchaser and Seller during the Inspection as more particularly set out
in Exhibit F.

 

“Lien”
means any lien, mortgage, security interest, lease or other charge or encumbrance or claim or right of others, including,
without limitation, rights of others under any engine or parts interchange, loan, lease, or pooling agreement and any International
Interests.

 

“Parties”
means the parties to this Agreement.

 

“Purchase
Price” means the amount of Three Million Five Hundred Thousand and 00/100 United States Dollars (US$3,500,000.00), represented
by the Shares.

 

“Report”
means the report of discrepancies prepared by the Inspection Facility in connection with the Inspection.

 

“Shares”
means [6,730,770] shares of the authorized share capital of Tempus Applied Solutions Holdings, Inc.

 

“Share
Transfer Forms” means share transfer forms in respect of the transfer of title to the Shares.

 

“Technical
Acceptance Letter” means a Technical Acceptance Letter in the form of Exhibit C attached hereto.

 

“Warranty
Bill of Sale” means a Warranty Bill of Sale for each Aircraft in the form of Exhibit E attached hereto executed by Seller
in favor of Purchaser (or Purchaser’s designee).

 

ARTICLE
II. AGREEMENT TO BUY AND SELL

 

		2.1	Agreement.
                                         For and in consideration of the Purchase Price, on the Closing Date, Seller shall sell
                                         and deliver each Aircraft to Purchaser, and Purchaser shall purchase and accept delivery
                                         of each Aircraft from Seller, on and subject to the terms and conditions set forth herein.

 

		2.2	Appointment
                                         of Escrow Agent. The Parties hereby agree to appoint the Escrow Agent as document
                                         holder and stakeholder for the sale and purchase of each Aircraft. Purchaser and Seller
                                         shall each pay one-half (1⁄2) of the Escrow Agent’s fees and expenses.

 

		2.3	Share
                                         Transfer Forms. Prior to the Effective Date, Purchaser shall transfer the Share Transfer
                                         Forms to the Escrow Agent. The Share Transfer Forms shall be held by the Escrow Agent
                                         to Purchaser’s order and subject further to the terms of this Agreement. Upon delivery
                                         by Purchaser to Seller of an executed Technical Acceptance Letter in respect of each
                                         Aircraft pursuant to Section 3.4.1 or Section 3.4.2, Escrow Agent shall release the Share
                                         Transfer Forms to Seller, except as otherwise set forth herein, and such release shall
                                         constitute and in all respects be deemed to satisfy Purchaser’s obligation to make
                                         payment of the Purchase Price to Seller.

 

    	 	4	 

     

    

 

ARTICLE
III. AIRCRAFT CONDITION AND INSPECTION

 

	 	3.1	Aircraft Condition. Unless otherwise agreed to
by Purchaser, it shall be a condition to Purchaser’s obligation to consummate the transaction contemplated herein that each
Aircraft shall be delivered in conformance with the following conditions (collectively, the “Delivery Conditions”)
on the Closing Date:

 

	 	3.1.1	with good and marketable title, free and clear of all
Liens other than Liens claimed by or through the Purchaser; and

 

		3.1.2	equipped
                                         as specified in the Aircraft Specification and in the same condition as at the completion
                                         of the Inspection, normal wear and tear excepted; and

 

		3.1.3	without
                                         further warranty or representation as to condition, as the Aircraft are otherwise sold
                                         in an “As Is – Where Is” condition.

 

		3.1.4	Notwithstanding
                                         the foregoing, normal wear tear and cosmetic issues that do not materially impair the
                                         performance of an Aircraft shall be deemed to satisfy the Delivery Conditions.

 

		3.2	Pre-Purchase
                                         Inspection. Each Aircraft and Aircraft Documents shall be subjected to a Pre-Purchase
                                         inspection to confirm that each Aircraft, its Engines and APU conform the Delivery Conditions
                                         as set forth on the Inspection Workscope (collectively, the “Inspections”).
                                         Provided, however, that the scope of the Inspections may by modified during the performance
                                         of the Inspections upon the recommendation of the Inspection Facility, with the consent
                                         of the Parties, such consent not to be unreasonably withheld. Prior to the commencement
                                         of the Inspections, Purchaser shall open a work order at the Inspection Facility, and
                                         arrange for and pay the flat rate cost of the Inspections and Purchaser shall cause to
                                         be delivered to Seller evidence of such payment in full such that no lien may be asserted
                                         by the Inspection Facility against any Aircraft for the flat rate cost of the Inspection.
                                         Purchaser and Seller shall have the right to have a representative present at the Inspection
                                         Facility during the Inspection.

 

		3.3	Inspection
                                         Location and Commencement. The Inspection of each Aircraft shall be performed at
                                         the Inspection Facility. Within two (2) calendar days of the Seller and Purchaser signing
                                         this Agreement, or such other mutually acceptable date, Seller shall cause the delivery
                                         of each Aircraft and the Aircraft Documents to the Inspection Facility for the Inspections.

 

		3.4	Technical
                                         Acceptance or Rejection. Within two (2) Business Days after completion of the Inspection
                                         and receipt of the final written Report from the Inspection Facility, Purchaser shall
                                         execute and deliver to Seller a Technical Acceptance Letter, and shall therein indicate,
                                         at Purchaser’s sole discretion and without any obligation:

 

		3.4.1	Purchaser’s
Acceptance of an Aircraft. Purchaser’s acceptance of an Aircraft in its condition “as is”; or

 

    	 	5	 

     

    

  

		3.4.2	Purchaser’s
                                         rejection of an Aircraft. Upon any rejection of an Aircraft, regardless of the cause
                                         thereof, the Share Transfer Forms shall be returned by the Escrow Agent to the Purchaser
                                         (unless Purchaser agrees otherwise in writing) and thereafter neither Party shall have
                                         any further liability to the other.

 

Purchaser’s
failure to deliver a Technical Acceptance Letter within two (2) Business Days after completion of the Inspection and receipt of
the final written Report from the Inspection Facility shall be deemed a Purchaser’s rejection of the relevant and all other Aircraft.

 

		3.5	Intentionally
                                         Omitted.

 

		3.6	Positioning
                                         of Aircraft for Delivery. After completion of the Inspection of an Aircraft and until
                                         Closing in respect of that Aircraft or earlier termination of this Agreement, Seller
                                         shall not operate that Aircraft for any purpose whatsoever, provided, however, that Seller
                                         shall be permitted to fly that Aircraft to the Delivery Location, if different from the
                                         Inspection Facility, as required hereby and to minimize any potential loss or damage
                                         that may result from any event or potential event of Force Majeure. Purchaser shall have
                                         the right to have up to two (2) representatives present on that Aircraft during the flight
                                         from the Inspection Facility to the Delivery Location.

 

ARTICLE
IV. CLOSING PROCEDURES

 

		4.1	Pre-Closing
                                         Obligations. Within three (3) Business Days of Purchaser’s acceptance of the Aircraft
                                         in accordance with Section 3.4.1 (which acceptance shall, for the avoidance of doubt,
                                         in all respects be at Purchaser’s sole discretion):

 

		4.1.1	Seller
                                         shall pre-position or cause to be pre-positioned with the Escrow Agent:

 

		4.1.1.1	an
                                         undated, but otherwise fully executed, Warranty Bill of Sale in respect of each Aircraft;

 

		4.1.1.2	an
undated, but otherwise fully completed and executed FAA Bill of Sale in respect of each Aircraft; and

 

		4.1.1.3	releases
                                         or terminations of all Liens, if any, affecting title to any Aircraft or its Engines.

 

		4.1.2	Purchaser
                                         shall pre-position with the Escrow Agent:

 

		4.1.2.1	the
                                         Share Transfer Forms and Purchaser’s share of the Escrow Agent’s fees and expenses.

 

THE
PRE-POSITIONING OF ANY DOCUMENT OR THE SHARE TRANSFER FORMS WITH THE ESCROW AGENT IS FOR THE CONVENIENCE OF THE PARTIES ONLY SO
THAT THEY MAY BE RELEASED AT THE ORAL OR WRITTEN DIRECTION OF THE DEPOSITING PARTIES FOLLOWING SATISFACTION OF ANY CONDITIONS
CONTAINED HEREIN, AND SHALL NOT BE CONSTRUED AS OR IMPLY ACCEPTANCE OF ANY AIRCRAFT OR CONVEYANCE OF TITLE THERETO, WHICH MAY
ONLY OCCUR AS SPECIFICALLY PROVIDED IN THIS AGREEMENT.

 

    	 	6	 

     

    

 

		4.2	Conditions
                                         Precedent to Seller’s Obligations. Seller’s obligation to sell and deliver an Aircraft
                                         to Purchaser on the Closing Date shall be subject to the following conditions precedent:

 

		4.2.1	at
                                         the time of Closing, Purchaser shall not be in breach or default of any of Purchaser’s
                                         obligations arising under this Agreement;

 

		4.2.2	at
                                         the time of Closing, all of Purchaser’s representations set forth in Section 5.2 shall
                                         be true and accurate;

 

		4.2.3	prior
                                         to the Closing, Purchaser shall have delivered the items identified in Section 4.1 required
                                         to be delivered by it;

 

		4.2.4	Purchaser’s
                                         obligations expressed in Section 7.23 shall have been complied with;

 

		4.2.5	Purchaser
                                         shall have performed and complied with all of the terms, conditions and covenants required
                                         by this Agreement to be performed or complied with by it prior to or at the Closing;
                                         and

 

		4.2.6	Purchaser
                                         shall have positioned with the Escrow Agent the Share Transfer Forms and Purchaser’s
                                         share of the Escrow Agent’s fees.

 

		4.3	Conditions
                                         Precedent to Purchaser’s Obligations. Purchaser’s obligation to purchase and accept
                                         delivery of an Aircraft from Seller on the Closing Date shall be subject to the following
                                         conditions precedent:

 

		4.3.1	at
                                         the time of Closing, Seller shall not be in breach or default of any of Seller’s obligations
                                         arising under this Agreement;

 

		4.3.2	at
                                         the time of Closing, all of Seller’s representations set forth in Section 5.1 shall be
                                         true and accurate as of the time of Closing;

 

		4.3.3	prior
                                         to the Closing, Seller shall have delivered the items identified in Section 4.1 required
                                         to be delivered by it;

 

4.3.4       prior
to the Closing, Seller shall have positioned the relevant Aircraft at the Delivery Location;

 

		4.3.6	at
                                         the time of Closing, the relevant Aircraft shall be in the condition required by Section
                                         3.1 of this Agreement unless waived in whole or in part by Purchaser in its sole discretion;
                                         and

 

		4.3.7	Seller’s
                                         obligations expressed in Section 7.23 shall have been complied with.

 

		4.4	Closing.
                                         The Closing shall occur within three (3) Business Days after all of the pre-closing obligations
                                         of the Parties under Section 4.1 have been performed, provided all the conditions set
                                         forth in Section 4.2 and Section 4.3 have been performed, satisfied or waived. At the
                                         time of the Closing, the Parties shall perform the following closing deliveries in the
                                         order presented, all of which collectively shall constitute the Closing:

 

		4.4.1	the
                                         Parties shall confirm that all of the Aircraft are in position at the Delivery Location;

 

    	 	7	 

     

    

 

		4.4.2	if
                                         not already done, Purchaser shall position with the Escrow Agent the Share Transfer Forms,
                                         Purchaser’s share of the Escrow Agent’s escrow fees, and any additional amounts as may
                                         be due from Purchaser to Seller or to the Inspection Facility (if not already paid in
                                         full as confirmed by the Inspection Facility prior to Closing);

 

		4.4.3	Seller
                                         shall simultaneously deliver possession of all of the Aircraft to the Purchaser at the
                                         Delivery Location;

 

		4.4.4	subject
                                         to the terms of this Agreement, Purchaser shall accept delivery of all of the Aircraft
                                         from Seller at the Delivery Location, and shall simultaneously deliver to Seller a fully
                                         executed Delivery Receipt and either (i) such federal, state, county, local or other
                                         domestic authority sales, use or other similar taxes imposed on the sale, delivery or
                                         transfer of the Aircraft to Purchaser as may be due from Purchaser and which Seller is
                                         required by applicable law to collect, report and remit, or (i) a proper certificate
                                         of Purchaser’s exemption from any such taxes; and

 

		4.4.5	Seller
                                         and Purchaser shall commence a conference call with Escrow Agent during which:

 

		4.4.5.1	Escrow
                                         Agent shall confirm that the procedures set forth in Section 7.23 have been followed,
                                         that Priority Search Certificates from the International Registry addressed to Purchaser
                                         indicate that there is no International Interest registered on the International Registry
                                         with respect to any of the Aircraft and that the FAA records indicate that there are
                                         no Liens on any of the Aircraft, or, if there is, that Escrow Agent has been irrevocably
                                         authorized to discharge the same, and, if applicable, has received executed Lien releases
                                         to file with the applicable filing offices, each such action to occur contemporaneous
                                         with Closing;

 

		4.4.5.2	Purchaser
                                         shall, concurrently with Seller’s instruction in Section 4.4.5.3, instruct the Escrow
                                         Agent to release the Share Transfer Forms to Seller;

 

		4.4.5.3	Seller
                                         shall, concurrently with Purchaser’s instruction in Section 4.4.5.4, instruct the Escrow
                                         Agent to date and file any Lien releases with the applicable filing offices and to date
                                         and deliver the FAA Bills of Sale and Warranty Bills of Sale in respect of all of the
                                         Aircraft to Purchaser, which instruction Seller shall confirm to Escrow Agent is subject
                                         only to actual receipt by Seller of the Share Transfer Forms and such items as identified
                                         in Section 4.4.4 above. Seller’s obligations in this Section 4.4.5.3 shall be subject
                                         to any instructions to the Escrow Agent by any lien holder but which shall not in any
                                         event relieve Seller of its obligation to transfer that Aircraft to Purchaser free and
                                         clear of Liens; and

 

		4.4.5.4	Purchaser
                                         and Seller shall authorize Escrow Agent, upon release of the FAA Bills of Sale and Warranty
                                         Bills of Sale to Purchaser, to file the FAA Bills of Sale with the FAA, and to register
                                         the Contract of Sale for all of the Aircraft and Engines, on the International Registry
                                         as set forth in paragraph 7.23 below.

 

ARTICLE
V. REPRESENTATIONS AND WARRANTIES

 

		5.1	Seller’s
                                         Representations and Warranties. Seller hereby represents and warrants as follows:

 

		5.1.1	Seller
                                         is a limited liability company, duly organized, validly existing, and in good standing;
                                         having the capacity to sue and be sued in its own name, having full power, legal right
                                         and authority to carry on its business as currently conducted, and to execute, deliver
                                         and perform the provisions of this Agreement;

 

    	 	8	 

     

    

 

		5.1.2	the
                                         execution, delivery, and performance by Seller of this Agreement, and the sale of each
                                         Aircraft, has been duly authorized by all necessary action on behalf of Seller and do
                                         not conflict with or result in any breach of any of the terms or constitute a default
                                         under any document, instrument, or agreement to which Seller is a party;

 

		5.1.3	the
                                         person executing this Agreement on behalf of Seller has full power and authority to do
                                         so;

 

		5.1.4	this
                                         Agreement constitutes the legal, valid and binding obligations of Seller and is enforceable
                                         against Seller in accordance with its terms, except as may be restricted, limited or
                                         delayed by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
                                         moratorium and similar laws affecting the enforceability of contractual obligations and
                                         creditors’ rights generally and by the application of equitable principles by courts
                                         of competent jurisdiction, sitting at law or in equity;

 

		5.1.5	at
                                         the time of the Closing, Seller shall convey to Purchaser good and marketable title to
                                         each Aircraft, free and clear of all Liens, except for any Liens created by Purchaser,
                                         and Seller will warrant and defend such title forever against all claims and demands
                                         whatsoever;

 

		5.1.6	Seller
                                         has paid (or as applicable has collected and remitted to the proper taxing authorities)
                                         any and all taxes, fees, duties, penalties, charges, invoices, and statements: (i) arising
                                         from any purchase, sale, delivery, transfer, possessions, use, storage, operation, consumption,
                                         or registration of each Aircraft prior to the Closing; or (ii) which, if not paid or
                                         collected and remitted by Seller prior to Closing, could (as a result of the transactions
                                         contemplated by this Agreement, with the passage of time, or otherwise) result in a lien
                                         upon any of the assets acquired by Purchaser pursuant to this Agreement, or otherwise
                                         result in liability of the Purchaser therefor to a taxing authority or any other person
                                         or entity, regardless of whether any of the foregoing are not yet due, due or past due,
                                         known or unknown to Seller or Purchaser, or not yet imposed, levied or assessed against
                                         Seller or any of the Aircraft;

 

		5.1.7	Seller
                                         has not entered into any agreement (other than this Agreement) pursuant to which Seller
                                         is or may be contractually and/or legally obligated to sell, lease, assign or otherwise
                                         transfer any of the Aircraft or any interest in any of the Aircraft to any party other
                                         than Purchaser;

 

		5.1.8	Seller
                                         is not, and at the time of Closing will not be, (i) a person, (ii) a person controlling
                                         or controlled by an individual or entity, (iii) a person with a beneficial interest in
                                         an entity, or (iv) an agent for an individual or entity, any of which is named on the
                                         Office of Foreign Asset Control (“OFAC”) Specially Designated Nationals
                                         and Blocked Persons list (the “SDN List”), nor is it prohibited from
                                         consummating the transactions contemplated hereunder because of any of the OFAC Sanction
                                         Programs, and

 

		5.1.9	The
                                         Seller is an “accredited investor” as defined in Rule 501(a) under the Securities
                                         Act of 1933, as amended (the “Securities Act”). The
                                         Shares to be transferred to Seller pursuant to the Share Transfer Forms will be “restricted
                                         securities” as defined in Rule 144(a) under the Securities Act, and have not been
                                         and will not be registered under the Securities Act of
                                         1933, as amended, and may not be offered or sold in the United
                                         States absent registration or an
                                         applicable exemption from registration requirements. The stock certificate(s) representing
                                         the Shares shall be appropriately legended to reflect such restriction.

 

    	 	9	 

     

    

 

		5.2	Purchaser’s
                                         Representations and Warranties. Purchaser hereby represents and warrants as follows:

 

		5.2.1	Purchaser
                                         is a limited liability company duly organized, validly existing, and in good standing,
                                         having the capacity to sue and be sued in its own name, having full power, legal right
                                         and authority to carry on its business as currently conducted, and to execute, deliver
                                         and perform the provisions of this Agreement;

 

		5.2.2	the
                                         execution, delivery, and performance by Purchaser of this Agreement, and the acquisition
                                         of each Aircraft, has been duly authorized by all necessary action on behalf of Purchaser
                                         and do not conflict with or result in any breach of any of the terms or constitute a
                                         default under any document, instrument, or agreement to which Purchaser is a party;

 

		5.2.3	the
                                         person executing this Agreement on behalf of Purchaser has full power and authority to
                                         do so;

 

		5.2.4	this
                                         Agreement constitutes the legal, valid and binding obligations of Purchaser and is enforceable
                                         against Purchaser in accordance with its terms, except as may be restricted, limited
                                         or delayed by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
                                         moratorium and similar laws affecting the enforceability of contractual obligations and
                                         creditors’ rights generally and by the application of equitable principles by courts
                                         of competent jurisdiction, sitting at law or in equity; and

 

		5.2.5	Purchaser
                                         is not, and at the time of Closing will not be, (i) a person, (ii) a person controlling
                                         or controlled by an individual or entity, (iii) a person with a beneficial interest in
                                         an entity, or (iv) an agent for an individual or entity, any of which is named on the
                                         OFAC SDN List, nor is it prohibited from consummating the transactions contemplated hereunder
                                         because of any of the OFAC Sanction Programs.

 

ARTICLE
VI. DISCLAIMER

 

		6.1	DISCLAIMER
                                         AND LIMITATION OF LIABILITY. EXCEPT AS TO TITLE AND FREEDOM FROM LIENS OR ENCUMBRANCES,
                                         EACH AIRCRAFT AND EACH PART THEREOF IS BEING SOLD AND DELIVERED TO PURCHASER IN “AS
                                         IS, WHERE IS, WITH ALL FAULTS” CONDITION AT TIME OF DELIVERY, WITHOUT ANY REPRESENTATION,
                                         WARRANTY OR GUARANTY OF ANY KIND BEING MADE OR GIVEN BY SELLER, ITS SHAREHOLDERS. DIRECTORS,
                                         MEMBERS, MANAGERS, OFFICERS, AGENTS, EMPLOYEES, ATTORNEYS OR ASSIGNS, EXPRESS OR IMPLIED,
                                         ARISING BY LAW OR OTHERWISE AND SELLER DISCLAIMS ALL EXPRESS OR IMPLIED WARRANTIES WHETHER
                                         ARISING IN LAW, IN EQUITY, IN CONTRACT, OR IN TORT, INCLUDING, WITHOUT LIMITATION, ANY
                                         IMPLIED WARRANTY OF MERCHANTABILITY, AIRWORTHINESS, DESIGN, CONDITION, OR FITNESS FOR
                                         A PARTICULAR USE. PURCHASER HEREBY WAIVES, RELEASES AND RENOUNCES ANY CLAIM (INCLUDING,
                                         WITHOUT LIMITATION, INCIDENTAL OR CONSEQUENTIAL DAMAGES) OR EXPENSE CAUSED BY AN AIRCRAFT
                                         OR BY PURCHASER’S LOSS OF USE THEREOF FOR ANY REASON WHATSOEVER, EXCEPT FOR ANY CLAIM
                                         ARISING OUT OF SELLER’S COVENANT OF TITLE AND FREEDOM FROM LIENS OR ENCUMBRANCES. WITHOUT
                                         LIMITING THE GENERALITY OF THE FOREGOING, SELLER SHALL NOT BE LIABLE OR RESPONSIBLE TO
                                         PURCHASER FOR ANY DEFECTS, EITHER PATENT OR LATENT IN AN AIRCRAFT, OR FOR ANY DIRECT
                                         OR INDIRECT DAMAGE TO PERSONS OR PROPERTIES RESULTING THEREFROM OR FOR PURCHASER’S LOSS
                                         OF USE OF OR A DIMINUTION IN VALUE OF THE AIRCRAFT OR FOR ANY INTERRUPTION IN PURCHASER’S
                                         BUSINESS CAUSED BY PURCHASER’S INABILITY TO USE AN AIRCRAFT FOR ANY REASON WHATSOEVER.

 

    	 	10	 

     

    

 

		6.2	UNDER
                                         NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE FOR LOST PROFITS, LOSS OF BUSINESS, LOSS
                                         OF USE OR ANY OTHER INCIDENTAL, INDIRECT, CONSEQUENTIAL OR SPECIAL DAMAGES ARISING OUT
                                         OF OR RELATED TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT
                                         OR ANY DELAY IN CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY, AND EACH PARTY
                                         HEREBY WAIVES ANY RIGHT IT MAY HAVE TO SUCH DAMAGES.

 

ARTICLE
VII. MISCELLANEOUS

 

		7.1	Taxes.
                                         Purchaser shall bear (and shall indemnify Seller for and against) all sales, use, and
                                         other similar taxes that may be imposed by any federal, state, county, local, or other
                                         governmental authority as a result of the sale, delivery, or transfer of each Aircraft
                                         to Purchaser, except for any taxes imposed on or measured by Seller’s income.

 

		7.2	Warranties
                                         and Maintenance Program Contracts. To the extent that any warranties and service
                                         plans from manufacturers, prior owners of each Aircraft, service providers or suppliers
                                         with respect to each Aircraft are still in effect and are assignable, all rights under
                                         such warranties and service plans are hereby assigned and transferred to Purchaser effective
                                         at the time of the Closing. Seller shall assist Purchaser in maintaining continuity of
                                         and transferring any such warranties and service plans, and shall execute whatever documents
                                         or agreements may be reasonably necessary or convenient to vest all rights under such
                                         warranties and service plans in Purchaser and to permit Purchaser to assert or process
                                         claims thereunder. All fees and costs of such transfers shall be paid by Purchaser. Without
                                         limiting the generality of the foregoing, effective upon the Closing, Seller hereby assigns
                                         to Purchaser:

 

		7.2.1	all
                                         rights to enforce or compel performance under any such warranty or service plan;

 

		7.2.2	all
                                         rights to receive any services, property, or moneys accruing or becoming due after the
                                         Closing Date pursuant to any such warranty or service plan, and to receive proceeds of
                                         any indemnity, guaranty, or collateral security with respect to any such warranty or
                                         service plan; and

 

		7.2.3	all
                                         claims for damages arising out of or for breach or default under any such warranty or
                                         service plan, and all rights to exercise any remedy for breach or default under any such
                                         warranty or service plan that may be available under such warranty or service plan, at
                                         law, or in equity.

 

		7.2.4	Notwithstanding
                                         the foregoing provisions, Seller represents to Purchaser that Aircraft have been maintained
                                         in storage pursuant to a manufacturers’ approved Maintenance Storage Program, and
                                         will be delivered in conformity with such program. There are no other Maintenance Program
                                         Contracts or Warranties in place with respect to the Aircraft, to the best of Seller’s
                                         information and belief.

 

    	 	11	 

     

    

 

		7.3	Intentionally
                                         Omitted. .

 

		7.4	Risk
                                         of Loss, Damage or Destruction of Aircraft.

 

		7.4.1	Risk
                                         of Loss. Title to, and risk of loss, injury, destruction or damage to each Aircraft,
                                         shall pass from Seller to Purchaser at the time that (i) the Share Transfer Forms are
                                         released to Seller, and (ii) the FAA Bills of Sale and Warranty Bills of Sale are released
                                         to Purchaser, and (iii) Seller delivers possession of each Aircraft to Purchaser.

 

		7.4.2	Destruction
                                         or Damage. Notwithstanding any contrary provision of this Agreement, if at any time
                                         prior to the Delivery an Aircraft is destroyed or damaged, the Share Transfer Forms shall
                                         immediately be refunded to Purchaser, Seller shall reimburse Purchaser the sums expended
                                         by Purchaser in connection with the Inspection, if any, and any documented out of pocket
                                         costs expended by Purchaser in connection with the transactions contemplated hereby,
                                         and this Agreement shall terminate and be of no further force or effect. For purposes
                                         of this Section 7.4.2 the word “damaged” shall mean if (i) the total costs
                                         of properly repairing such damage prior to Closing, as determined by the Inspection Facility,
                                         would exceed the sum of US$50,000.00 or take more than thirty (30) calendar days to repair,
                                         or (ii) such damage if properly repaired would, in the sole opinion of Purchaser, adversely
                                         affect the value or marketability of that Aircraft, or (iii) after repair, such damage
                                         will result in operational limitations or adverse changes to the inspection or maintenance
                                         program for that Aircraft.

 

		7.5	Default.

 

		7.5.1	Seller’s
                                         Default. This Agreement may be terminated by Purchaser in the event of a breach by
                                         Seller of any provision of this Agreement which breach is not cured within five (5) Business
                                         Days of the delivery to Seller of written notice thereof from Purchaser or which breach
                                         by its nature cannot be cured prior to Closing. If Purchaser elects to terminate this
                                         Agreement under this Section 7.5.1, the Share Transfer Forms shall be immediately returned
                                         to Purchaser, Seller shall reimburse Purchaser upon Purchaser’s demand for the reasonable
                                         and documented out of pocket costs paid by Purchaser in connection with the Inspections
                                         and this transaction, and this Agreement shall be of no further force or effect. Purchaser
                                         acknowledges and represents that the above-referenced damages and reimbursements are
                                         a reasonable estimate of the damages that would be incurred by Purchaser in the event
                                         Seller defaults on Seller’s obligations under this Agreement. Purchaser’s rights to receive
                                         the above-referenced amounts shall be the sole and exclusive remedies available to Purchaser
                                         in the event Seller defaults on Seller’s obligations under this Agreement, and Purchaser
                                         waives any other remedies that may be available to Purchaser at law or in equity.

 

		7.5.2	Purchaser’s
                                         Default. This Agreement may be terminated by Seller in the event of a breach by Purchaser
                                         of any provision of this Agreement which breach is not cured within five (5) Business
                                         Days of the delivery to Purchaser of written notice thereof from Seller or which breach
                                         by its nature cannot be cured prior to Closing. If Seller elects to terminate this Agreement
                                         under this Section 7.5.2, Purchaser shall pay US$1,000.00 ( One Thousand U.S. Dollars)
                                         (the “LD Amount”) to Seller as liquidated damages, Purchaser shall
                                         pay to the Inspection Facility any unpaid costs of the Inspections, and this Agreement
                                         shall be of no further force or effect. Seller acknowledges and represents that the liquidated
                                         damages amount provided for in this Section 7.5.2 is a reasonable estimate of the damages
                                         that would be incurred by Seller in the event Purchaser defaults on Purchaser’s obligations
                                         under this Agreement. Seller’s right to receive the LD Amount as liquidated damages and
                                         to require Purchaser to make payment to the Inspection Facility for any unpaid Inspection
                                         costs shall be the sole and exclusive remedies available to Seller in the event Purchaser
                                         defaults on Purchaser’s obligations under this Agreement, and Seller waives any other
                                         remedies that may be available to Seller at law or in equity.

 

    	 	12	 

     

    

 

		7.6	Force
                                         Majeure. The term “Force Majeure” means any cause beyond a Party’s
                                         reasonable control that prevents a Party from meeting its obligations under this Agreement,
                                         including, but not limited to, acts of God or the public enemy, acts of terrorism, war
                                         or other outbreak of hostilities, civil commotion, strikes, lockouts, and labor disputes
                                         (but excludes events described in Section 7.4.2, the remedies for of which are described
                                         therein). A Party shall promptly notify the other Party that it will be unable to perform
                                         its obligations hereunder due to a Force Majeure. In such event, the time for such Party’s
                                         performance shall be extended for the pendency of such event, provided, however, that
                                         should such non-performance extend beyond twenty (20) days, the unaffected Party may
                                         at its option terminate this Agreement upon written notice to the other Party. In such
                                         event, each Party shall pay its share of the Escrow Agent’s fees to the Escrow
                                         Agent; and the Escrow Agent shall return the Share Transfer Forms to Purchaser. Thereafter,
                                         neither Party shall have any obligation or liability to the other with respect to the
                                         subject matter of this Agreement, except that Purchaser shall remain liable for the cost
                                         of the Inspections (as a matter of clarification, excluding the cost of any repairs or
                                         improvements made on an Aircraft).

 

		7.7	Amendments.
                                         The provisions of this Agreement may not be waived, altered, modified, amended, supplemented
                                         or terminated in any manner whatsoever except by written instrument signed by both Parties
                                         hereto.

 

		7.8	Severability.
                                         Any provision of this Agreement that may be determined by competent authority to be prohibited
                                         or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
                                         the extent of such prohibition or unenforceability without invalidating the remaining
                                         provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall
                                         not invalidate or render unenforceable such provision in any other jurisdiction.

 

		7.9	Assignment.
                                         This Agreement may not be assigned by any Party without the prior written consent of
                                         the other Party; provided that Purchaser shall have the right to assign this Agreement
                                         to an owner trustee(s) of a trust(s) established for registration purposes, or to an
                                         entity owned, controlled, or affiliated with Purchaser.

 

		7.10	Successor
                                         and Assigns. This Agreement shall inure to the benefit of and be binding upon each
                                         of the Parties hereto and their respective successors and permitted assigns.

 

		7.11	Headings
                                         and References. The division of this Agreement into sections, and the insertion of
                                         headings, are for convenience of reference only and shall not affect the construction
                                         or interpretation of this Agreement.

 

		7.12	Counterparts.
                                         This Agreement may be fully executed in two or more counterparts by each of the Parties
                                         hereto, such counterparts together constituting but one and the same instrument. Such
                                         counterparts may be exchanged via facsimile or other electronic transmission.

 

    	 	13	 

     

    

 

		7.13	Notices.
                                         All communications, declarations, demands, consents, directions, approvals, instructions,
                                         requests and notices required or permitted by this Agreement shall be in writing and
                                         shall be deemed to have been duly given or made when delivered personally or transmitted
                                         electronically by facsimile or email, receipt acknowledged, or in the case of documented
                                         overnight delivery service or registered or certified mail, return receipt requested,
                                         delivery charge or postage prepaid, on the date shown on the receipt therefor, in each
                                         case at the address set forth below:

 

	 	If
    to Purchaser:	Tempus
    Applied Solutions Holdings, Inc.
	 	 	471
    McLaws Circle, Suite A, Williamsburg, VA 23185, The United States of America
	 	 	Attn:
    Mr Scott Terry
	 	 	E-Mail:
    sterry@tempus-as.com
	 	 	 
	 	With
    copies to:	Groom
    & Cave, LLP
	 	 	1570
    The Alameda, Suite 100
	 	 	San
    Jose, California 95126
	 	 	Attn:
    Timothy H. Hopkins, Esq.
	 	 	Phone:
    (408)-286-3300
	 	 	E-Mail:
    thopkins@groomandcave.com
	 	 	 
	 	If
    to Seller:	ME
    Aviation Services, LLC
	 	 	3033
    5th Avenue, Suite 227
	 	 	San
    Diego, CA 92103
	 	 	Attn:
    Johan Claasen
	 	 	Phone:
	 	 	E-Mail:
    johan@claasengroup.com
	 	 	 
	 	With
    a copy to:	Davis
    & Boyd, LLC
	 	 	1110
    London St., Suite 201
	 	 	Myrtle
    Beach, SC 29577
	 	 	Attention:
    Reese R. Boyd III, Esq.
	 	 	Phone:
    843-839-9800
	 	 	E-mail:
    reese@davisboydlaw.com

  

		7.15	Attorney
                                         Fees. In the event it becomes necessary to enforce the terms of this Agreement by
                                         litigation or otherwise, the prevailing Party shall be entitled to recover its reasonable
                                         attorney fees and court costs, including any such fees or costs arising from subsequent
                                         appeals and efforts to execute on any judgment.

 

		7.16	Non-Waiver.
                                         Any failure at any time of either Party to enforce any provision of this Agreement shall
                                         not constitute a waiver of such provision or prejudice the right of such Party to enforce
                                         such provision at any subsequent time.

 

		7.17	Entire
                                         Agreement. The Parties agree that the terms and conditions of this Agreement constitute
                                         the entire agreement between the Parties with respect to the subject matter hereof. This
                                         Agreement supersedes all prior agreements between the Parties, express or implied including,
                                         without limitation, any offer to purchase or letter of intent.

 

    	 	14	 

     

    

 

		7.18	Transaction
                                         Costs and Expenses. Except as otherwise set forth herein, each Party to this Agreement
                                         shall bear its own transaction costs and expenses, including, without limitation, any
                                         brokers’ commissions and/or attorneys’ fees. Purchaser and Seller shall each pay one-half
                                         (1⁄2) of Escrow Agent’s fees and expenses relating to the transactions contemplated
                                         hereby.

 

		7.19	Survival.
                                         The representations, warranties, and indemnification obligations of Purchaser and Seller,
                                         if any, shall survive the Closing in perpetuity; provided, however, that any of the same
                                         pertaining to the condition of an Aircraft, if any, shall terminate at Closing.

 

		7.20	Time
                                         is of the Essence. Time shall be of the essence for all events contemplated hereunder.

 

		7.21	Further
                                         Assurances. Each of the Parties hereto covenants and agrees to execute such other
                                         and further documents relating to the matters set forth herein and to take or cause to
                                         be taken such other and further actions, as may be reasonably necessary or appropriate
                                         to carry out the purposes and intent of this Agreement, and to consummate the transactions
                                         contemplated hereby.

 

		7.22	Governing
                                         Law. This Agreement shall in all respects be governed by, and construed in accordance
                                         with, the laws of the State of New York, including all matters of construction, validity
                                         and performance, without giving effect to its conflict of laws provisions. Each of the
                                         Parties irrevocably and unconditionally: (a) agrees that any suit, action or legal proceeding
                                         arising out of or relating to this Agreement shall be brought in the courts of the State
                                         of Oklahoma, Oklahoma County or the United States District Court for the Western District
                                         of Oklahoma located in Oklahoma City, Oklahoma; (b) consents to the jurisdiction and
                                         court rules in Oklahoma and such federal district court; (c) waives any objection which
                                         it may have to the laying of venue of any such suit, action or proceeding in any of such
                                         courts.; and (d) agrees that service of any court paper may be effected on such Party
                                         by mail, or in such other manner as may be provided under applicable laws or court rules
                                         in Oklahoma and such federal district court.

 

		7.23	Cape
Town Convention.

 

		7.23.1	Prior
                                         to the closing, Purchaser shall become a “transacting user entity” and Seller
                                         shall become a “transacting user entity” with the International Registry. Each
                                         of Purchaser and Seller shall bear its own expense in doing so.

 

		7.23.2	Each
                                         Party shall provide to the other, as a condition to closing, evidence that it has been
                                         approved by the International Registry as a “transacting user entity” and has
                                         duly registered with, is authorized to make filings with and has received all approvals
                                         from the International Registry, and has appointed an “administrator” (as such
                                         term is defined and used in the International Registry Procedures and International Registry
                                         Regulations).

 

    	 	15	 

     

    

 

		7.23.3	Each
                                         Party shall, as a condition to closing, authorize Escrow Agent to act as, and shall designate
                                         Escrow Agent as, a “professional user entity” (as such term is defined and
                                         used in the International Registry Procedures and International Registry Regulations)
                                         to effect, amend, discharge and consent to registrations with respect to an Aircraft
                                         (including the airframe and the related engines) on its behalf. Neither Seller nor Purchaser
                                         shall revoke such authorization until after the earlier to occur of (i) registration
                                         of a Contract of Sale of an Aircraft with the International Registry following the Closing,
                                         or (ii) termination of this Agreement in accordance with its terms. Without Seller’s
                                         prior written consent, Purchaser and Purchaser’s lender shall not effect or cause to
                                         effect a prospective International Interest on an Aircraft (including the airframe and
                                         the related engines) and shall upon such registration of any such prospective International
                                         Interest take all necessary actions to discharge or cause to discharge such registration.
                                         Purchaser and Purchaser’s lender understand and agree that in no event shall Seller authorize
                                         the creation of any lien or other security interest to be created in an Aircraft (including
                                         the airframe and the related engines) prior to title passing to Purchaser.

 

		7.23.4	Purchaser
                                         and Seller shall cooperate to cause Escrow Agent, as a professional user entity, to register
                                         a Contract of Sale of each Aircraft with the International Registry immediately after
                                         title passing to Purchaser. Seller and Purchaser each hereby expressly consents to the
                                         registration of the International Interest arising from the Contract of Sale with respect
                                         to each Aircraft (including the airframe and related engines).

 

		7.23.5	Immediately
                                         prior to Closing, the Escrow Agent shall obtain a Priority Search Certificate (as such
                                         term is defined and used in the International Registry Procedures and the International
                                         Registry Regulations) from the International Registry with respect to each Aircraft (including
                                         the airframe and related engines) confirming that no prior International Interest exists
                                         that will not be otherwise discharged at Closing with respect to each Aircraft (including
                                         the relevant Airframe and related Engines). Any Priority Search Certificate obtained
                                         by the Escrow Agent from the International Registry with respect to an Aircraft shall
                                         identify the Purchaser and the Seller as having the benefit of the search.

  

[SIGNATURES
APPEAR ON FOLLOWING PAGE]

 

    	 	16	 

     

    

 

IN
WITNESS WHEREOF, the undersigned Parties have caused this Aircraft Purchase Agreement to be executed, delivered and effective
as of the date first above written.

 

	 	Seller:
	 	 	 
	 	ME
    Aviation Services, LLC,
	 	 	 
	 	By:	         
	 	Name:	Johan
    Claasen
	 	Title:	CEO
	 	 	 
	 	Purchaser:
	 	 	 
	 	Tempus
    Applied Solutions Holdings, Inc.,
	 	 	 
	 	By:	       
	 	Name:	Mr
    Scott Terry
	 	Title:	Authorised
    Signatory

  

CONSENT
AND JOINDER OF ESCROW AGENT

 

Purchaser
and Seller have appointed the Escrow Agent as document holder and stakeholder for the sale and purchase of each Aircraft, and
the Escrow Agent accepts such appointment for and in consideration of escrow fees set out below. The Parties acknowledge that
the Escrow Agent is acting as a document holder and stakeholder only, its duties being purely ministerial, at their request and
for their convenience, that in such role the Escrow Agent shall not be deemed to be the agent or trustee for either of the Parties,
and that the Escrow Agent shall not be liable to either of the Parties for any act or omission done in good faith unless it involves
willful misconduct or gross negligence on its part. Escrow Agent confirms that the Share Transfer Forms are being held exclusively
with respect to the sale of the Aircraft by Seller to Purchaser as contemplated by this Agreement and for no other transaction
and no other person and to treat the Share Transfer Forms solely as Purchaser may direct in writing.

 

The
undersigned does hereby consent to and join in the foregoing Agreement, hereby agreeing to act as the Escrow Agent and to perform
and discharge all of the duties and obligations of the Escrow Agent as set forth in such Agreement strictly in accordance with
the terms thereof.

 

The
Escrow Fees shall be a total of US$[●], and Purchaser and Seller shall each be responsible for one-half (1/2) of said total.

  

Executed
and delivered this ___ day of August, 2017.

 

	 	Escrow Agent:
	 	 	 
	 	Insured Aircraft Title Service, Inc. 
	 	 	 
	 	By:
    	       
	 	Name:  	[●]        
	 	Title:  	[●]

 

    	 	17	 

     

    

 

Exhibit
A

 

AIRCRAFT
SPECIFICATION

 

	DESCRIPTION
	 	AIRCRAFT 1	 	AIRCRAFT 2	 	AIRCRAFT 3	 	AIRCRAFT 4	 	AIRCRAFT 5	 	AIRCRAFT 6
	Registered Owner	 	Aero Airtanker 1 LLC	 	Aero Airtanker 2 LLC	 	Aero Airtanker 4 LLC	 	Aero Airtanker 3 LLC	 	Aero Airmed 1 LLC	 	Aero Airtrans 1 LLC
	General Description	 	Lockheed L-1011 TriStar	 	Lockheed L-1011 TriStar	 	Lockheed L-1011 TriStar	 	Lockheed L-1011 TriStar	 	Lockheed L-1011 TriStar	 	Lockheed L-1011 TriStar
	Registration	 	N304CS	 	N405CS	 	N309CS	 	N705CS
	 	N507CS	 	N703CS

	Year of Manufacture	 	 	 	 	 	 	 	 	 	 	 	 
	Airframe Serial Number	 	1157	 	1164	 	1165	 	1174	 	1186	 	1188
	Engine 1 Description	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B
	Engine 2 Description	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B
	Engine 3 Description	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B	 	RB211-524B
	Engine 1 Serial Number	 	14618	 	14751	 	14711	 	14752	 	14603	 	14769
	Engine 2 Serial Number	 	14744	 	14746	 	14799	 	14712	 	14622	 	14754
	Engine 3 Serial Number	 	14801	 	14855	 	14604	 	14630	 	14800	 	14804
	APU Description	 	 	 	 	 	 	 	 	 	 	 	 
	APU Serial Number 
	 	55276 
	 	55371	 	55214	 	55373	 	55376	 	860378

 

    	 	18	 

     

    

 

Exhibit
B

 

INSPECTION
WORKSCOPE

 

The
following terms shall govern the Pre-Purchase Inspection as set forth and provided for in Sections 3.2, 3.2, and 3.4:

 

(A)
Purchaser, or Purchaser’s designated agent for performance of the Inspection, shall have full and unfettered access to the
Aircraft. As necessary to accomplish the inspection, Purchaser may remove or open all necessary inspection plates, access doors,
fairing, and cowling, as reasonably necessary to observer and/or assess all essential aircraft systems, and specifically, the
following systems and/or Aircraft components:

 

(1)
Skin—for deterioration, distortion, evidence of failure, or defective or insecure attachment of fittings.

 

(2)
Systems and components—for improper installation, apparent defects, and unsatisfactory operation.

 

(3)
Envelope, gas bags, ballast tanks, and related parts—for poor condition.

 

(4)
Cabin and Cockpit Group:

 

(a)
Generally—for uncleanliness and loose equipment that might foul the controls.

 

(b)
Seats and safety belts—for poor condition and apparent defects.

 

(c)
Windows and windshields—for deterioration and breakage.

 

(d)
Instruments—for poor condition, mounting, marking, and (where practicable) improper operation.

 

(e)
Flight and engine controls—for improper installation and improper operation.

 

(f)
Batteries—for improper installation and improper charge.

 

(g)
All systems—for improper installation, poor general condition, apparent and obvious defects, and insecurity of attachment.

 

(5)
Engine and Nacelle Group:

 

(a)
Engine section—for visual evidence of excessive oil, fuel, or hydraulic leaks, and sources of such leaks.

 

(b)
Studs and nuts—for improper torqueing and obvious defects.

 

    	 	19	 

     

    

 

(c)
Internal engine—for cylinder compression and for metal particles or foreign matter on screens and sump drain plugs. If there
is weak cylinder compression, for improper internal condition and improper internal tolerances.

 

(d)
Engine mount—for cracks, looseness of mounting, and looseness of engine to mount.

 

(e)
Flexible vibration dampeners—for poor condition and deterioration.

 

(f)
Engine controls—for defects, improper travel, and improper safe tying.

 

(g)
Lines, hoses, and clamps—for leaks, improper condition and looseness.

 

(h)
Exhaust stacks—for cracks, defects, and improper attachment.

 

(i)
Accessories—for apparent defects in security of mounting.

 

(j)
All systems—for improper installation, poor general condition, defects, and insecure attachment.

 

(k)
Cowling—for cracks, and defects.

 

(6)
Landing Gear Group:

 

(a)
All units—for poor condition and insecurity of attachment.

 

(b)
Shock absorbing devices—for improper oleo fluid level.

 

(c)
Linkages, trusses, and members—for undue or excessive wear fatigue, and distortion.

 

(d)
Retracting and locking mechanism—for improper operation.

 

(e)
Hydraulic lines—for leakage.

 

(f)
Electrical system—for chafing and improper operation of switches.

 

(g)
Wheels—for cracks, defects, and condition of bearings.

 

(h)
Tires—for wear and cuts.

 

(i)
Brakes—for improper adjustment.

 

(7)
All components of the wing and center section assembly for poor general condition, skin deterioration, distortion, evidence of
failure, or insecurity of attachment, including any anti-icing devices, for improper operation or obvious defects.

 

    	 	20	 

     

    

 

(8)
All components and systems that make up the complete empennage assembly for poor general condition, skin deterioration, distortion,
evidence of failure, insecure attachment, improper component installation, and improper component operation.

 

(9)
Radio Group:

 

(a)
Radio and electronic equipment—for improper installation and insecure mounting.

 

(b)
Wiring and conduits—for improper routing, insecure mounting, or obvious defects.

 

(c)
Bonding and shielding—for improper installation and poor condition.

 

(d)
Antenna including trailing antenna—for poor condition, insecure mounting, and improper operation.

 

(B)
       Purchaser may otherwise inspect each installed miscellaneous item that is not otherwise
covered by the above listing for improper installation or improper operation. However, and in NO CASE may Purchaser or Purchaser’s
agent(s) engage in any inspection procedure or undertaking which is destructive in any manner to the aircraft, or from which it
is not readily and immediately capable of restoring the Aircraft to its prior and Pre-Inspection condition.

 

(C)       This
Exhibit B / Inspection Workscope is intended only to identify those Aircraft systems and components which Purchaser may review,
assess, and/or inspect as part of the Pre-Purchase Inspection. It is not intended as any Representation or Warranty as to the
condition or fitness of any Aircraft system or component for any purpose, and does not in any way alter the terms of this Aircraft
Purchase Agreement which provide for the sale of the Aircraft in an “AS-IS / WHERE-IS” Condition.

 

 

 

21

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