Document:

ASI Aviation, Inc.

8521 Leesburg Pike, Suite 175

Vienna, VA 22182 

 

February 24, 2016

 

Dr. James L. Silvester, Ph.D.

102 Lakeside Drive

Stephens City, VA 22655

 

Re: Offer of Engagement, Chief Financial
Officer

 

Dear Dr. Silvester:

 

ASI Aviation, Inc. (ASI) is pleased to offer you the position of
Chief Financial Officer (CFO) effective March 1, 2016. In this position, your duties and responsibilities will encompass drafting
and reviewing Company financials including 10-Qs, 10-Ks and other financial agreements, raising capital for merger & acquisitions,
liaising with outside financial institutions, and working closely with the CEO for all business-related financial matters of the
Company/ASI.

 

You will be compensated as follows:

 

	You will be compensated at the rate of $125 per hour as a 1099 employee through ASI’s
semi-monthly payroll cycle starting with the commencement of Pre-IPO funding date expected in March 2016. Initially you will be
expected to work four (4) hours per week, subject to increase by approval from the Board. Your compensation will be reviewed after
six (6) months and will be subject to obtaining investment capital by the Company and the financial condition of the Company. To
be in compliance with immigration laws, we must verify that you may legally work in the United States. We will need to see original
documents that meet the requirements of the I-9 Employment Eligibility Verification Form which is provided with this letter.
	You will be also paid a fee equal to 5% of equity capital and 2.5% of debt capital raised
and brought to the Company/ASI through your direct effort. Such fee(s) will be paid to you upon receipt of the funds into the Company
bank account.
	You will receive 100,000 shares of ASI common stock to be vested over three years.

 

You will be required to sign a non-compete, non-solicitation of
client employee and confidentiality agreement with ASI. Also, as an independent contractor you will be allowed to engage in other
consultancies so long as the Company is informed and there is no conflict of interest regarding client identified solicitations.

 

ASI envisions this as an opportunity for you to participate in the
development of dynamic business growth of the Company where your capabilities and experience will be applied to our mutual benefit.

 

Please acknowledge your acceptance of this offer with ASI in accordance
with the terms set forth in this letter, by signing and dating below and returning to us the original copy of this letter. You
are advised to keep a copy for your file.

 

Sincerely yours,

 

/s/ Danette Penenburg

Danette Penenburgh

Director, Contracts Administration & Human Resources

 

 

Acceptance: /s/James Silvester Date: 03/01/2016

 

cc:HR File

B.B. SahayASI Aviation, Inc.

8521 Leesburg Pike, Suite 175

Vienna, VA 22182 

 

March 13, 2016

 

Dr. Carl Jacobsen

4535 32nd Street, NW

Washington, D.C. 20008

 

Re: Offer of Engagement, Vice President -
Administration

 

Dear Dr. Jacobsen:

 

ASI Aviation, Inc. (ASI) is pleased to offer you the position of
Vice President - Administration effective March 1, 2016. In this position, your duties and responsibilities will encompass drafting
and reviewing company contracts and other agreements, the legal and grammatical review of all public documents of the company and
liaisoning with outside counsel.

 

You will be compensated at the rate of $50.00 per hour as an independent
contractor through ASI’s semi-monthly payroll cycle starting with the commencement of Pre-IPO funding date expected in March/April
2016 time frame. Initially you will be expected to work four (4) hours per week or as required, subject to increase by approval
from the Board. Your compensation will be reviewed after six (6) months and will be subject to obtaining investment capital by
the Company and the financial condition of the Company. You will need to complete and return the attached W-9 prior to presenting
an invoice for your work.

 

You will be required to sign a non-compete, non-solicitation of
client employee and confidentiality agreement with ASI. As an independent contractor you will be allowed to engage in other consultancies
so long as the Company is informed and there is no conflict of interest regarding client identified solicitations.

 

ASI envisions this as an opportunity for you to participate in the
development of dynamic business growth of the Company where your capabilities and experience will be applied to our mutual benefit.

 

Please acknowledge your acceptance of this offer with ASI in accordance
with the terms set forth in this letter, by signing and dating below and returning to us the original copy of this letter. You
are advised to keep a copy for your file.

 

Sincerely yours,

 

/s/ Danette Penenburgh

Danette Penenburgh

Director, Contracts Administration & Human Resources

 

 

Acceptance: /s/ L. Carl Jacobsen Date: March 14, 2016

 

cc:HR File

B.B. SahayASI Aviation, Inc.

8521 Leesburg Pike, Suite 175

Vienna, VA 22182 

 

 

March 9, 2016

 

 

Danette L Penenburgh

4307 Pickett Road

Fairfax, VA 22032

 

 

Re: Offer of Engagement, Director of Human
Resources and Contracts Administration/Corporate Secretary

 

Dear Ms. Penenburgh:

 

ASI Aviation, Inc. (ASI) is pleased to offer you the position of
Director of Human Resources and Contracts Administration, as well as the role of Corporate Secretary effective March 1, 2016. In
this position, your duties and responsibilities will encompass all aspects of human resources and to assist the CEO with contract
administration, as well as to perform the functions of Corporate Secretary by attending and recording the minutes of Board meetings.
This current status of this position is Part-Time/As Needed.

 

You will be compensated as follows:

 

	You will be compensated at the rate of $50.00(Fifty Dollars) per hour as an independent
contractor through ASI’s semi-monthly payroll cycle starting with the commencement of Pre-IPO funding date expected in March
2016. Initially you will provide assistance with HR functions, Contract Administration and as the Corporate Secretary as needed.
Your compensation will be reviewed after six (6) months and will be subject to obtaining investment capital by the Company and
the financial condition of the Company. You will need to complete and return the attached W-9 prior to presenting an invoice for
your work.

 

You will be required to sign a non-compete, non-solicitation of
client employee and confidentiality agreement with ASI. As an independent contractor you will be allowed to engage in other consultancies
so long as the Company is informed and there is no conflict of interest regarding client identified solicitations.

 

ASI envisions this as an opportunity for you to participate in the
development of dynamic business growth of the Company where your capabilities and experience will be applied to our mutual benefit.

 

Please acknowledge your acceptance of this offer with ASI in accordance
with the terms set forth in this letter, by signing and dating below and returning to us the original copy of this letter. You
are advised to keep a copy for your file.

 

Sincerely yours,

 

 

/s/Brajnandan Sahay

Brajnandan B Sahay

CEO

 

 

Acceptance: /s/Danette L. Penenburgh Date: 03/01/2016

 

cc:HR FileASI – Aviation, Inc.

 

_____________________________________________________________________________________

 

May 2, 2016

 

Nishant Goyal

House No. 390, Sec-15

Faridabad – 121007

Haryana, India

 

Re: Engagement Offer

 

Dear Mr. Goyal,

 

ASI – Aviation, Inc., (ASI) is pleased to offer you
the position of Director of Business Development in India for the company, effective May 9, 2016. In this position, your duties
and responsibilities will encompass researching, developing and advising the company on aviation related projects as well as assigned
to you by Mr. Jim Flynn, the President, ASI.

 

Your compensation will consist of a base salary and/or commission
which will be evaluated after 90 days from the acceptance date of this offer letter, and will be based on an evaluation of your
performance during this initial 90- day period. During your initial 90-day period you will be paid your out- of- pocket expenses.
Any expenses over Rs. 5,000( Rupees Five Thousand) would require preauthorization from Dr. Sahay.You will be allowed to engage
in other consultancies/engagements you may have, so long as the company is informed and there is no conflict of interest. You will
be required to sign non-compete, non-solicitation, and confidentiality agreements.

 

ASI envisions this as an opportunity for you to participate
in the development of dynamic business growth of the company where your capabilities and experience can be applied to our mutual
benefit.

 

Please acknowledge your acceptance of this offer with ASI
in accordance with the terms set forth in this letter, signing and dating below and returning to us the original copy of this letter.
You are advised to keep a copy for your file.

 

Sincerely yours,

 

 

/s/Danette Penenburgh

Danie Penenburgh

Director

Human Resources

 

 

 

Acceptance:/s/Nishant Goyal Date: 9th May, 2016

 

cc: HR FileCOLORS

Builders & Real Estate
Consultants

Date: May 15, 2016

Dr. B.B. Sahay,

Chairman & CEO

ASI Aviation, Inc. (ASI)

8521 Leesburg Pike, Suite 175

Vienna, VA 22182

USA

Dear Dr. Sahay,

We understand you want to establish an office in New
Delhi, India for the purpose of developing some businesses in aviation sector here. We also understand you have appointed Mr. Nishant
Goyal to be the Director of Business Development for ASI in India, who would be exploring aircraft sales and leasing including
spare parts sales to operating and emerging airlines/operators in India. We have a common office space available at 911-912 Arunachal
Building, Barakhamba Road, Connaught Place, New Delhi which ASI can use at no cost/no rent, till ASI obtains funding and/or generates
income from the projects in India. We will determine this rent once ASI is successful in its endeavor in India or in the US in
next 6 months. Please note we want to help ASI initially and hope it to be successful in its venture in India and abroad.

Please acknowledge your acceptance of our offer as
described in this letter, signing and dating below and returning to us for our record.

Sincerely,

/s/Vijay Taneja

Vijay Taneja

Proprietor

 

Acceptance:/s/Brajnandan SahayDate:16th
May, 2016

 

Address: 911-912 Arunachal Building, Barakhamba Road,
Connaught Place, New Delhi - 110001

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