Document:

Aircraft Use/Management Agreement

Elite Aviation VGT, LLC

 

This use/management agreement is made and effective
this 1st day of September in the year 2011 by and between General Aircraft, Inc.
(Owner), located at 2634 Airport Drive, #103, North Las Vegas, NV 89032, and Elite Aviation VGT LLC

(Manager).

 

Whereas Owner desires allow use/management
of certain tangible personal property commonly known as a Robinson R44 Raven II, registry N881KE, serial
# 10031.

 

In consideration of the mutual covenants and
promises hereinafter set forth, the parties agree as follow:

 

Aircraft: Owner hereby allows the Manager,
and Manager hereby uses from Owner, the following described aircraft: Robinson R44 Raven II, registry N881KE,
serial 10031 (Aircraft). The aircraft will be delivered to the Manager in an AIRWORTHY CONDITION with a current "Annual
Inspection" and "100 Hour Inspection," if applicable, with a beginning "Tach" meter time of 1447.9.
The aircraft has an airframe "Total Time" of 1447.9.

 

Term: The term of this agreement shall
commence on the 1st day of September in the year 2011 on a month-to-month basis, during
which time this Agreement may be terminated by either party by giving a notice of intention to terminate in writing with at least
90 days notice.

 

Use: Manager shall use the Aircraft
in a safe and appropriate manner and shall comply with and conform to all national, state, municipal, and other laws ordinances
and regulations in any way relating to the possession, use or maintenance of the Aircraft.

 

Owner understands that the Aircraft is to be
used for "rental" and "flight training", which is a high risk activity, and Manager shall not be held responsible
for any damage that may be experienced during "rental" or "flight training".

 

Rental Rate: The Owner agrees to an
initial end user rental rate of $ 380.00 per Hobbs hour regular rate and $ 360.00 per Hobbs hour block
rate. Owner understands that due to the nature of the business it may be necessary for the Manager to adjust the end user rental
rate from time to time to allow for fluctuations in operating costs or to address changes in competitor pricing or as a method
to promote interest in the aircraft through special promotional offerings. Therefore, Manager reserves the right to adjust the
end user rental rate as reasonable without prior notification to Owner, but will notify Owner within a reasonable amount of time
that the change occurred.

 

Repairs: Owner, at its own cost and
expense, shall keep the Aircraft in good repair, condition and working order and shall pay for all parts, mechanisms, devices,
or materials required, keeping the Aircraft in good mechanical working order. All repairs and inspections shall be billed to Owner
at a rate congruent with the average local rate. Parts for repair and maintenance shall be purchased by Manager and charged back
to Owner. Manager shall not be responsible for any downtime that may be incurred in this instance.

 

Manager will make every effort to ensure that
the Aircraft experience as little downtime as possible due to maintenance concerns. To this end, it may be necessary for Manager
to utilize other maintenance resources in order to more rapidly return the Aircraft to service. In this event, labor rates charged
may be higher than that stated above. Manager will make every attempt to inform Owner prior to commencing with work under this
circumstance.

 

Owner has the option to require that parts
or materials in excess of $750 require prior authorization before purchase. Manager will not be responsible for downtime that may
be experienced while waiting for such authorization.

Owner waives this requirement by initialing
here: _______

 

Fees for repairs, maintenance, or inspections
will be billed monthly to Owner and documented in the Monthly Billing Statement (Statement). Owner understands that the
following Hobbs time is non-revenue time: (i) time needed to diagnosis or confirm aircraft discrepancies, (ii) time for maintenance
flights required before an A&P or IA sign-off; (iii) time used in repositioning aircraft for activities directly related to
managing the aircraft.

Owner has the right to request that all mechanical
work be performed by a mechanic or repair station of its choosing; however Manager will not be responsible for increased downtime
or transportation expenses required to deliver the Aircraft to the desired mechanic or repair station. Further, the Owner will
directly pay for all work performed under these circumstances.

Owner waives this option by initialing here:
_______

Owner wishes to exercise this option and
desires the use of the repair station/mechanic as indicated herewith:

_______________________________________________________________________________.

    	  

    	 

    

 

Responsibilities & Fees:

The
Owner shall be responsible for the following:

• Payment of all debt service, applicable
property and other taxes, license and registration fees. 

• Tie-down
rate of $ 65.00 per month or Covered Parking rate of $ 150.00 per month or Hangar Parking rate
of $ 450.00 per month as applicable and at the request of the aircraft owner unless the owner requests to park
their aircraft in their own hangar. 

•
Estimated insurance payments of $ 1500.00 monthly as determined by the number of days in each month as
calculated by Manager's insurance agent. This insurance rate will be the actual rate charged by the insurer for the
aircraft. 

•
Fuel and regular operating oil: Calculated using the actual VGT field delivery rate the Manager is being charged. 

•
Manager's management fee is calculated using the following scale and is based upon Billable Hobbs hours and gross
revenue: 

o   
0 to 10 hours=15%

o   
11 to 25 hours=17%

o   
26 + hours=19%

 

Payment of Gross Rental Revenues and Expenses
and Fees: Rental revenues are calculated on a calendar monthly schedule. Manager shall remit to Owner the gross rental revenues
for each month within ten (10) business days after the end of each month. Owner shall remit to Manager payment for all expenses
and fees, including monthly management fees, as detailed in the Monthly Billing Statement, within ten (10) business days after
the end of each month. Owner understands that occasional delays may be experienced based on availability of all information required
to create a complete accounting. Unless otherwise stipulated, payment obligations will commence after the close of the first full
calendar month from the date of the delivery of the Aircraft to the Manager; charges due from a partial first month fixed costs
will be prorated and added to the following month balance.

 

Manager will not provide interim revenue reports,
unless otherwise arranged in advance. All reporting will be given after the close of the month in the regular Settlement report.
At no time will Manager provide detailed accounting reports where proprietary costing or customer data may be disclosed.

 

Surrender: Upon the expiration or earlier
termination of this Agreement, Manager shall return the Aircraft to Owner in good repair, condition and working order, ordinary
wear & tear resulting from proper use thereof excepted, by delivering the Aircraft at Manager's cost and expense to such place
as Owner shall specify within the city or county in which the same was delivered to Manager.

 

Insurance: Manager shall procure and
continuously maintain insurance for all risk against loss of or damage to the Aircraft, naming the Owner as loss payee, and liability
and property damage insurance with limits as approved by Owner, naming the Owner as additionally named insured and a loss
payee. Manager shall provide Owner with an original policy or certificate evidencing such insurance. Hull value for this Aircraft
shall be $220,000. Owner shall be responsible for up to $1000.00 for claims in motion for the Aircraft.
Manager shall not be responsible for acts of vandalism beyond its control. Manager is not responsible to pay any loss of
use claims for Aircraft resulting from damage or being rendered inoperable for any reason.

 

Unless otherwise arranged in advance, down
payments for any required insurance premiums shall be paid upon Aircraft acceptance into the insurance policy. Premium refunds
can only be made at the end of the insurance policy period in the event of early termination of this Agreement, unless otherwise
allowed by the insurance policy.

 

Reserve for Taxes: Owner must supply
all corporate reporting information, including a Federal Tax Id or Social Security Number, to comply with Federal vendor tax reporting
(1099). Without this information, Manager will deduct up to one-third (1/3) of the proceeds from each month as a tax withholding.
Such withholding will be released to Owner upon proof of Federal income tax filing of the revenues from this agreement.

 

Default: If Manager fails to make payments
of proceeds described herein within ten (l0) business days after the same is due and payable, or if Manager fails to observe, keep
or perform any other provision of this Agreement required to be observed, kept or performed by Manager, Owner shall have the right
to exercise any one or more of the following remedies: (i)take possession of the Aircraft, without demand or notice, wherever it
may be located, without court order or other process of law; (ii)terminate this Agreement. Early termination under this provision
without legitimate proof of due cause may result in legal or other action undertaken by Manager against Owner.

 

Ownership: The Aircraft is, and shall
at all times be and remain, the sole and exclusive property of the Owner. The Manager shall have no right, title or interest therein
or thereto except as expressly set forth in this Agreement.

 

Covenant not to compete: For a period
of 60 days after the termination of this agreement, Owner shall not within the environment of North Las Vegas Airport, Henderson
Executive, directly or indirectly, either for Owner's own account or as a partner, shareholder, officer, director, employee, agent
or otherwise place or operate the Aircraft with another business that is the same or similar to the business conducted by the Manager.

    	2

    	 

    

 

In the event any of the provisions of this
paragraph are determined to be invalid by reason of their scope or duration, this paragraph shall be deemed modified to the extent
required to cure the invalidity. In the event of a breach, or a threatened breach, of this paragraph, Manager or Owner shall be
entitled to obtain an injunction restraining the commitments or continuance of the breach, as well as any other legal or equitable
remedies permitted by law.

 

Entire Agreement: This Agreement constitutes
the entire agreement between the parties on the subject matter hereof and it shall not be amended, altered or changed except by
a further writing signed by the parties hereto.

 

Notices: Service of all notices under
this Agreement shall be sufficient if given personally or by certified mail, return receipt requested, postage prepaid, at the
address hereinafter set forth, or to such address as such party may provide in writing from time to time.

 

Assignment: Manager shall not assign
this Agreement or its interest in the Aircraft without prior written consent of Owner.

 

Force Majeure: Nonperformance of either
party shall be excused to the extent that performance is rendered impossible by strike, fire, flood, governmental acts, orders
or restrictions, or any other reason where failure to perform is beyond the control and not caused by the negligence of the non-conforming
party.

 

Governing Law: This Agreement shall
be construed and enforced according to laws of the State of Nevada.

 

 

 

In Witness Whereof, the parties hereto have
executed this Agreement as of the day and year first above written.

 

	/s/ Ian Johnson

    Owner Signature	
	
Ian Johnson
 Printed
    Name and Title	
Tax ID: 45-2952962
	
5389 Golden Barrel Ave

    Street Address	
	
Las Vegas, NV 89141

    City, State, Zip	
	
Jason Duncan

    Manager	
	
Jason Duncan, Manager

    Printed Name & Title	

 

    	3PURCHASE MONEY PROMISSORY NOTE AND SECURITY
AGREEMENT

 

	US $212,812.50	
        Las Vegas, Nevada

        August 11, 2011

 

For good and valuable consideration,
General Aircraft, Inc., a Nevada corporation, (“Maker”), hereby makes and delivers this Purchase Money
Promissory Note and Security Agreement (this “Note”) in favor of Western Intermountain Holdings Trust, or its
assigns (“Holder”), and hereby agrees as follows:

 

1. Principal
Obligation and Interest. For value received, Maker promises to pay to Holder at such place as Holder may designate
in writing, in currently available funds of the United States, the principal sum of Two Hundred Twelve Thousand, Eight Hundred
and Twelve United States Dollars and Fifty Cents. Maker’s obligation under this Note shall accrue interest at the rate
of Six Percent (6.0%) per year from the date hereof until paid in full. Interest shall
be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed.

 

2. Payment Terms.

 

a.                  
Regular interest only payments shall be made on a semi-annual basis
with the first interest only payment of $6,384.75 due on March 31, 2012, and each successive interest only payment due every
six (6) months thereafter

 

b.                  
All principal and accrued interest then outstanding shall be due
and payable by the Maker on or before August 11, 2016. 

 

c.                   
All payments shall be applied first to interest, then to principal
and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. 

 

d.                  
Maker shall have the right to prepay all or any part of the principal due under this Note
at any time without penalty.

 

e.                   
At the option of Holder, the final due date of this Note may be extended
for additional terms of one ninety (90) days upon written notice delivered to Maker.

 

3. Grant of Security
Interest. As collateral security for the prompt, complete, and timely satisfaction of all present and future indebtedness,
liabilities, duties, and obligations of Maker to Holder evidenced by or arising under this Note, and including, without limitation,
all principal and interest payable under this Note and all attorneys’ fees, costs and expenses incurred by Maker in the collection
or enforcement of the same (collectively, the “Obligations”), Maker hereby pledges, assigns and grants to Holder
a continuing security interest and lien in all of Maker’s right, title and interest in and to the property, whether now owned
or hereafter acquired by Maker and whether now existing or hereafter coming into existence or acquired, including the proceeds
of any disposition thereof, described on Exhibit “A” attached hereto and incorporated herein by this reference (collectively,
the “Collateral”). As applicable, the terms of this Note with respect to Maker’s granting of a security
interest in the Collateral to Holder shall be deemed to be a security agreement under applicable provisions of the Uniform Commercial
Code (“UCC”), with Maker as the debtor and Holder as the secured party.

    	        

    	 

    

 

4. Perfection.
Upon the execution and delivery of this Note, Maker authorizes Holder to file such financing statements and other documents
in such offices as shall be necessary or as Holder may reasonably deem necessary to perfect and establish the priority of the liens
granted by this Note, including any amendments, modifications, extensions or renewals thereof. Maker agrees, upon Holder’s
request, to take all such actions as shall be necessary or as Holder may reasonably request to perfect and establish the priority
of the liens granted by this Note, including any amendments, modifications, extensions or renewals thereof. Maker shall cooperate
fully with Holder in establishing and maintaining Holder’s perfection of Holder’s security interest in the Collateral,
including notifying and keeping Holder apprised of the current location of all of the Collateral which consists of physical property
and the status of all accounts payable or similar rights which are a part of the Collateral.

 

5. Representations
and Warranties of Maker. Maker hereby represents and warrants the following to Holder:

 

a.                  
Maker and those executing this Note on its behalf have the full right, power, and authority
to execute, deliver and perform the Obligations under this Note, which are not prohibited or restricted under the articles of incorporation
or bylaws of Maker. This Note has been duly executed and delivered by an authorized officer of Maker and constitutes a valid and
legally binding obligation of Maker enforceable in accordance with its terms. 

 

b.                  
The execution of this Note and Maker’s compliance with the terms, conditions and provisions
hereof does not conflict with or violate any provision of any agreement, contract, lease, deed of trust, indenture, or instrument
to which Maker is a party or by which Maker is bound, or constitute a default thereunder or result in the imposition of any lien,
charge, encumbrance, claim or security interest of any nature whatsoever upon any of the Collateral.

 

c.                   
The security interest granted hereby in and to the Collateral constitutes a present, valid,
binding and enforceable security interest as collateral security for the Obligations, and, except as to leased equipment or purchase-money
encumbrances existing as of the date of this Note as expressly disclosed to Holder in writing, such interests, upon perfection,
will be senior and prior to any liens, encumbrances, charges, title defects, interests and rights of any others with respect to
such Collateral.

 

d.                  
The security interest granted hereby shall be a first priority lien on the Collateral and
no prior or superior liens, security interests or encumbrances exist with respect to any part of the Collateral.

  

    	2

    	 

    

 

6.  Covenants
of Maker. For so long as any Obligations remain outstanding:

 

a.                  
Maker shall use the proceeds of this Note solely for the purchase of a 2002 Robinson R44 Raven
II aircraft, Aircraft Registration Number N881KE, Serial Number 10031. All funds advanced hereunder shall be deposited to an escrow
established for such purpose.

 

b.                  
Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest
therein except in the ordinary course of its business;

 

c.                   
Maker shall pay or cause to be paid promptly when due all taxes and assessments on the Collateral.

 

7. Use of Collateral.
For so long as no event of default shall have occurred and be continuing under this Note, Maker shall be entitled to use and
possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, and licenses subject to the
rights, remedies, powers and privileges of Holder under this Note and to such use, possession or exercise not otherwise constituting
an event of default. Notwithstanding anything herein to the contrary, Maker shall remain liable to perform its duties and obligations
under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as if
this Note had not been executed and delivered; the exercise by Holder of any right, remedy, power or privilege in respect of this
Note shall not release the Maker from any of its duties and obligations under such contracts and agreements; and Holder shall have
no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this Note, nor shall
Holder be obligated to perform any of the duties or obligations of Maker under any such contract or agreement or to take any action
to collect or enforce any claim (for payment) under any such contract or agreement.

 

8. Defaults.
The following events shall be defaults under this Note:

 

a. Maker’s failure
to remit any payment under this Note on before the date due, if such failure is not cured in full within five (5) days of written
notice of default;

 

b. Maker’s failure
to perform or breach of any non-monetary obligation or covenant set forth in this Note or in the Agreement if such failure is not
cured in full within ten (10) days following delivery of written notice thereof from Holder to Maker;

 

    	3

    	 

    

c. If Maker is dissolved,
whether pursuant to any applicable articles of incorporation or bylaws, and/or any applicable laws, or otherwise;

 

d. Default
in the Maker’s obligation for borrowed money, other than this loan, which shall continue for a period of twenty (20) days;

 

e.
The commencement of any action or proceeding which affects the Collateral or title thereto or the interest of Holder therein,
including, but not limited to eminent domain, insolvency, code enforcement or arrangements or proceedings involving a bankrupt
or decedent;

 

f.
The entry of a decree or order by a court having jurisdiction in the premises adjudging the Maker bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Maker
under the federal Bankruptcy code or any other applicable federal or state law, or appointing a receiver, liquidator, assignee
or trustee of the Maker, or any substantial part if its property, or ordering the winding up or liquidation of its affairs, and
the continuance of any such decree or order un-stayed and in effect for a period of twenty (20) days; or

 

g.
Maker’s institution of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution
of bankruptcy or insolvency proceedings against it, or its filing of a petition or answer or consent seeking reorganization or
relief under the federal Bankruptcy Code or any other applicable federal or state law, or its consent to the filing of any such
petition or to the appointment of a receiver, liquidator, assignee or trustee of the company, or of any substantial part of its
property, or its making of an assignment for the benefit of creditors or the admission by it in writing of its inability to pay
its debts generally as they become due, or the taking of corporate action by the Maker in furtherance of any such action.

  

9.Rights and
Remedies of Holder. Upon the occurrence of an event of default by Maker under this Note
or at any time before default when the Holder reasonably feels insecure, then, in addition to all other rights and remedies
at law or in equity, Holder may exercise any one or more of the following rights and remedies:

 

a. Accelerate the time
for payment of all amounts payable under this Note by written notice thereof to Maker, whereupon all such amounts shall be immediately
due and payable.

 

b. Pursue and enforce
all of the rights and remedies provided to a secured party with respect to the Collateral under the Uniform Commercial Code.

 

c. Make
such appearance, disburse such sums, and take such action as Holder deems necessary, in its sole discretion, to protect Holder’s
interest, including but not limited to (i) disbursement of attorneys’ fees, (ii) entry upon the Maker’s property to
make repairs to the Collateral, and (iii) procurement of satisfactory insurance. Any amounts disbursed by Holder pursuant to this
Section, with interest thereon, shall become additional indebtedness of the Maker secured by this Note and shall be immediately
due and payable and shall bear interest from the date of disbursement at the default rate stated in this Note. Nothing contained
in this Section shall require Holder to incur any expense or take any action.

    	4

    	 

    
 

d. Require
Maker to assemble the Collateral and make it available to the Maker at the place to be designated by the Holder which is reasonably
convenient to both parties. The Holder may sell all or any part of the Collateral as a whole or in part either by public auction,
private sale, or other method of disposition. The Holder may bid at any public sale on all or any portion of the Collateral. Unless
the Collateral threatens to decline speedily in value, Holder shall give Maker reasonable notice of the time and place of any public
sale or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least
10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable.

 

e. Pursue any other rights
or remedies available to Holder at law or in equity.

 

10.Interest To
Accrue Upon Default. Upon the occurrence of an event of default by Maker under this Note, the balance then owing under
the terms of this Note shall accrue interest at the rate of Twelve Percent (12.0%) per month from the date of default until
Holder is satisfied in full.

 

11.Full
Recourse. The liability of Maker for the Obligations shall not be limited to the Collateral, and Maker shall have full
liability therefor beyond the Collateral.

 

12. Representation
of Counsel. Maker acknowledges that they have consulted with or have had the opportunity to consult with their legal counsel
prior to executing this Note. This Note has been freely negotiated by Maker and Holder and any rule of construction to the effect
that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Note.

 

13. Choice of
Laws; Actions. This Note shall be constructed and construed in accordance with the internal substantive laws of the State
of Nevada, without regard to the choice of law principles of said State. Maker acknowledges that this Note has been negotiated
in Clark County, Nevada. Accordingly, the exclusive venue of any action, suit, counterclaim or cross claim arising under, out of,
or in connection with this Note shall be the state or federal courts in Clark County, Nevada. Maker hereby consents to the personal
jurisdiction of any court of competent subject matter jurisdiction sitting in Clark County, Nevada.

 

14. Usury
Savings Clause. Maker expressly agrees and acknowledges that Maker and Holder intend and agree that this Note shall not
be subject to the usury laws of any state other than the State of Nevada. Notwithstanding anything contained in this Note to the
contrary, if collection from Maker of interest at the rate set forth herein would be contrary to applicable laws, then the applicable
interest rate upon default shall be the highest interest rate that may be collected from Maker under applicable laws at such time.

    	5

    	 

    

 

15. Costs of
Collection. Should the indebtedness represented by this Note, or any part hereof, be collected at law, in equity, or in
any bankruptcy, receivership or other court proceeding, or this Note be placed in the hands of any attorney for collection after
default, Maker agrees to pay, in addition to the principal and interest due hereon, all reasonable attorneys’ fees, plus
all other costs and expenses of collection and enforcement, including any fees incurred in connection with such proceedings or
collection of the Note and/or enforcement of Holder’s rights with respect to the administration, supervision, preservation
or protection of, or realization upon, any Collateral securing payment hereof.

 

16. Miscellaneous.

 

a. This Note shall be
binding upon Maker and shall inure to the benefit of Holder and its successors, assigns, heirs, and legal representatives.

 

b. Any failure or delay
by Holder to insist upon the strict performance of any term, condition, covenant or agreement of this Note, or to exercise any
right, power or remedy hereunder shall not constitute a waiver of any such term, condition, covenant, agreement, right, power or
remedy.

 

c. Any provision of this
Note that is unenforceable shall be severed from this Note to the extent reasonably possible without invalidating or affecting
the intent, validity or enforceability of any other provision of this Note.

 

d. This Note may not
be modified or amended in any respect except in a writing executed by the party to be charged.

 

e. Time is of the essence.

 

17.Notices To
Maker. All notices required to be given under this Note to Maker shall be given as follows:

 

	General Aircraft, Inc.
	Attn:  Jason Duncan, President
	2634 Airport Drive, Suite 103
	North Las Vegas, NV 89032

 

Notices may be transmitted
by facsimile, certified mail, private delivery, or any other commercially reasonable means, and shall be deemed given upon receipt
by the Party to whom they are addressed.

    	6

    	 

    

 

18.Waiver of Certain Formalities.
All parties to this Note hereby waive presentment, dishonor, notice of dishonor and protest. All parties hereto consent to, and
Holder is hereby expressly authorized to make, without notice, any and all renewals, extensions, modifications or waivers of the
time for or the terms of payment of any sum or sums due hereunder, or under any documents or instruments relating to or securing
this Note, or of the performance of any covenants, conditions or agreements hereof or thereof or the taking or release of collateral
securing this Note. Any such action taken by Holder shall not discharge the liability of any party to this Note.

 

IN WITNESS WHEREOF, this Note has been
executed effective the date and place first written above.

 

	
        General Aircraft, Inc. “Maker”:

         

         

        By: /s/ Jason Duncan

Jason
Duncan, President 

         

         

     

     

    

Exhibit “A”

 

Collateral

 

Each and all of the following
in which General Aircraft, Inc., a Nevada Corporation, has any right, title, or interest, regardless of the manner in which
such items are formally held or titled; all as defined in the Nevada Uniform Commercial Code - Secured Transactions (Nevada Revised
Statutes (“NRS”) §§ 104.9101 et. seq.) as of the date of the Note, and as the same may be amended hereafter:

 

(1) Accounts, as defined
in NRS 104.9102(1)(a)

 

(2) Cash proceeds, as defined
in NRS 104.9102(1)(I)

 

(3) Chattel paper, as defined
in NRS 104.9102(1)(k)

 

(4) Commercial tort claims,
as defined in NRS 104.9102(1)(m)

 

(5) Commodity accounts
and commodity contracts, as defined in NRS 104.9102(1)(n) and NRS 104.9102(1)(o), respectively,

 

(6) Deposit accounts, as
defined in NRS 104.9102(1)(cc)

 

(7) Documents, as defined
in NRS 104.9102(1)(dd)

 

(8) Electronic chattel
paper, as defined in NRS 1049102(1)(ee)

 

(9) Equipment, as defined
in NRS 104.9102(1)(gg), and including, but not limited to, a 2002 Robinson R44 Raven II aircraft, Aircraft Registration Number
N881KE, Serial Number 10031

 

(10) General intangibles,
as defined in NRS 104.9102(1)(pp)

 

(11) Goods, as defined
in NRS 104.9102(1)(rr)

 

(12) Instruments, as defined
in NRS 104.9102(1)(uu)

 

(13) Inventory, as defined
in NRS 104.9102(1)(vv)

 

(14) Investment property,
as defined in NRS 104.9102(1)(ww)

 

(15) Letter-of-credit right,
as defined in NRS 104.9102(1)(yy)

 

    	7

    	 

    
 

(16) Noncash proceeds,
as defined in NRS 104.9102(1)(fff)

 

(17) Payment intangible,
as defined in NRS 104.9102(1)(iii)

 

(18) Proceeds, as defined
in NRS 104.9102(1)(lll)

 

(19) Promissory notes,
as defined in NRS 104.9102(1)(mmm)

 

(20) Record, as defined
in NRS 104.9102(1)(qqq)

 

(21) Software, as defined
in NRS 104.9102(1)(www)

 

(22) Supporting obligations,
as defined in NRS 104.9102(1)(yyy)

 

(23) Tangible chattel paper,
as defined in NRS 104.9102(1)(zzz)

 

(24) The following, as
defined in NRS 104.9102(2): certificated securities, contracts for sale, leases, lease agreements, lease contracts, leasehold interests,
letters of credit, negotiable instruments, notes, proceeds of letters of credit, securities, security certificates, security entitlements,
and uncertificated securities.

 

In addition, the Collateral
shall include all copyrights, all patents and patent applications (including the inventions and improvements described and claimed
therein together with the reissues, divisions, continuations, renewals, extensions and continuations in-part thereof), all trade
names, trademarks and service marks, logos, trademark and service mark registrations (including all renewals of trademark and service
mark registrations, and all rights corresponding thereto throughout the world together, in each case, with the goodwill of the
business connected with the use of, and symbolized by, each such trade name, trademark and service mark, but excluding any such
registration that would be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Collateral),
all inventions, processes, production methods, proprietary information, know-how and trade secrets, all licenses or user or other
agreements granted to General Aircraft, Inc. with respect to any of the foregoing, in each case whether now or hereafter owned
or used (including the licenses or other agreements with respect to any of the foregoing).

    	8

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