Document:

EX-10.8

 Exhibit 10.8 

ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE-AIRPORT USE AND LEASE AGREEMENT 

THIS AIRLINE-AIRPORT USE AND LEASE AGREEMENT (hereinafter referred to as the” Agreement”) is made and entered into this 13
day of July , 2020    ,    by and between the SOUTH JERSEY TRANSPORTATION AUTHORITY, a body corporate and politic, (hereinafter referred to as “AUTHORITY”), and GLOBAL CROSSING AIRLINES, a
corporation organized and existing under the laws of the State of Florida and authorized to do business in the State of New Jersey, having its principal office at Building 5A, 4200 NW 36th Street,
Miami International Airport, Miami, Florida 33166 (hereinafter referred to as “AIRLINE”). (Authority and Airline collectively “Parties” and individually “Party“ 0 

WITNESSETH: 
 WHEREAS, the
AUTHORITY was created by the enactment of P.L. 1991, c. 252, of the laws of the State of New Jersey, and is responsible for the management and operation of the Atlantic City International Airport, (hereinafter referred to as the
“Airport”), pursuant to N.J.S.A. 27:25A24; and 
 WHEREAS, the AUTHORITY owns the eighty-three (83) plus or: minus acres
which encompasses the Airport Terminal and the supporting facilities; and 
 WHEREAS, the Airport’s runways and adjoining lands,
consisting of approximately 1,600 acres are controlled and possessed by the AUTHORITY, pursuant to agreements with the Federal Aviation Administration; and 

WHEREAS, the AUTHORITY is responsible for the operation, maintenance, improvement and promotion of the Airport System; and 

WHEREAS, the AUTHORITY has entered into an agreement with TBI Airport Management (hereinafter referred to as the “Firm”), to manage
the operations of the Airport and enforce the terms and conditions of this Agreement; and 
 WHEREAS, the AUTHORITY has the right to lease
and license the use of land, property and facilities at the Airport and has full power and authority to enter into this Agreement in respect thereof; and 

WHEREAS, the AUTHORITY desires to continue the Airport as an air carrier and a general aviation facility, as well as for other uses; and 

WHEREAS, AIRLINE is engaged in the business of transportation by air of persons, property, mail and/or cargo; and 

  
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 WHEREAS, the AUTHORITY and AIRLINE have successfully negotiated terms for the AIRLINE to
operate at the Airport; and 
 WHEREAS, AIRLINE desires to retain certain rights, services and privileges in connection with the use of the
Airport and its facilities, and AUTHORITY is willing to grant and lease the same to AIRLINE upon the terms and conditions hereinafter stated; and. 

WHEREAS, AIRLINE and AUTHORITY agree to enter into this Agreement specifying the rights and obligations of the Parties with respect to the
operation of the Airport by AUTHORITY and the use and occupancy of the Airport by AIRLINE; 
 NOW, THEREFORE, for and in consideration of
the mutual covenants and agreements herein contained, AUTHORITY and AIRLINE do hereby mutually undertake, promise and agree, each for itself and its successors and assigns, as follows: 

ARTICLE 1: DEFINITIONS 
 The
following words, terms and phrases wherever used in this Agreement shall, for the purposes of this Agreement, have the following meanings: 

“Agreement” shall mean this Airline-Airport Use and Lease Agreement between AUTHORITY and AIRLINE, as the same may be amended or
supplemented from time to time pursuant to the terms hereof. 
 “Air Transportation Company” shall mean a company engaged in the
business of scheduled or nonscheduled commercial transportation by air of persons, property, mail, and/or cargo. 
 “Air Transportation
Business” shall mean that business operated by AIRLINE at the Airport for the commercial transportation by air of persons, property, mail, and/or cargo. 

“Aircraft Aprons” shall mean those parts of the Ramp Area immediately adjacent to the Terminal that are jointly used for the parking
of aircraft and support vehicles, and the loading and unloading of aircraft. 
 “Airfield” shall mean the Landing Area, Taxi Way
Area and Ramp Area. 
 “Airline” shall mean the Air Carrier, pursuant to 49 U.S.C. §40102 and 14 CFR Part 380, executing this
Agreement. 
 “Airline Premises” shall mean those areas assigned to AIRLINE as Exclusive Use and Joint Use Premises as defined
herein, and shown on Exhibits “B”, “DI” and “D2”, attached hereto and made a part hereof. 

  
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 “Airport” shall mean the Atlantic City International Airport owned and operated by
the AUTHORITY, the boundaries of which are more particularly shown on Exhibit “A”, attached hereto, including all real property and. easements, improvements and appurtenances thereto, structures, buildings, fixtures, machinery, equipment,
vehicles, supplies, and other tangible personal property or interest in any of the foregoing, now owned or hereafter leased or acquired by AUTHORITY, less any thereof which may be consumed, sold, or otherwise disposed of. 

“Airport Director” means the Director of the Airport for the Authority. 

“Authority” shall mean the South Jersey Transportation Authority, a public body both corporate and politic created and existing
under the enactment of P.L. 1991, c. 252, of the laws of the State of New Jersey, as codified in N.J.S.A. 27:25A-l, et. seq. and shall include such person or persons as may from time to time be authorized in
writing by AUTHORITY to act for the AUTHORITY with respect to all matters pertaining to this Agreement. 
 “Capital Improvement
Program” shall mean the Five-Year Development Program for the Airport System, as may be in effect as of the execution of this Agreement and as may be amended or revised from time to time. 

“Capital Expenditure” shall mean an expenditure made to acquire, purchase or construct a single capital item or project for the
purpose(s) of improving, maintaining or developing the Airport System and shall include expenses incurred for development, study, analysis, review, design, or planning efforts. 

“Chargeable Landings” shall mean those aircraft landings for which landing fees shall be due and payable by AIRLINE, as set forth in
Section 7.01. 
 “Deplaned Passenger” shall mean any revenue passenger disembarking from an aircraft at the Terminal,
including any such passenger that subsequently boards another aircraft of the same or a different Air Transportation Company. 

“Enplaned Passenger” shall mean any revenue passenger boarding an aircraft at the Terminal, including any such passenger that
previously disembarked from another aircraft of the same or a different Air Transportation Company or from the same aircraft, then operating under a different flight number. 

“Executive Director” shall include such person or persons as may from time to time be authorized in writing by AUTHORITY or by the
Executive Director or applicable law to act for the Executive Director with respect to any or all matters pertaining to this Agreement. 

“Exclusive Use Premises” shall mean those areas of the Airport leased to the AIRLINE, as shown in Exhibit “B”, attached
hereto, to which AIRLINE shall have exclusive use, subject to the terms and provisions of this Agreement, which may be assigned for the entire Term or may be assigned to AIRLINE on a month to month basis as indicated in Exhibit B. 

  
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 “FAA” shall mean the Federal Aviation Administration, or its authorized
successor(s). 
 “FBO” shall mean a fixed-base operator with which the AUTHORITY has contracted for such operations at the
AIRPORT. 
 “Fiscal Year” shall mean the annual accounting period of AUTHORITY for its general accounting purposes which, at the
time of entering into this Agreement, is the period of twelve consecutive months, ending with the last day of December of any year. 

“Hazardous Material” shall mean hazardous substances designated under §101 (14) of the Comprehensive Environmental Response
Compensation and Liability Act (42 U.S.C. §§9601, et seq.) as amended, as well as hazardous substances (including petroleum) as defined in the New Jersey Spill Compensation and Control Act (N.J.S.A. 58:
10-231lb) as amended, and as may be defined in such other environmental legislation which affects the Airport. 

“Joint Use Premises” shall mean those areas (common use areas) which may be assigned to two or more Air Transportation Companies,
Airlines and FBOs, as shown on Exhibits “D 1” and “D2.” 
 “Landing Area” shall mean those portions of the
Airport provided for the landing, taking off, and taxiing of aircraft, including without limitation, approach and turning zones, aviation or other easements, runways, taxiways, runway and taxiway lights, and other appurtenances and lands in
connection therewith. 
 “Maximum Gross Landed Weight” shall mean the maximum gross certificated landing weight in one thousand
pounds units for which each aircraft operated at the Airport by AIRLINE is certificated by the FAA or its successor. 
 “Non-Signatory Airline” shall mean an airline or operator that operates flights to and from Airport and has signed a permit for operations with no minimum flight requirement.
Non-signatory operators may be permitted to rent space in the terminal on a month-to-month basis subject to availability of such
space in the sole discretion of the AUTHORITY. 
 “Operation and Maintenance Expenses” (O&M Expenses) shall mean for any
period all expenses accrued by AUTHORITY for the operation, maintenance, administration, and ordinary current repairs of the Airport System in order to maintain and operate the Airport System. 

“Ramp Area” shall mean the aircraft parking and maneuvering areas adjacent to the Terminal and shall include within its boundaries
all Aircraft Aprons. 
 “Revenues” shall mean income accrued by the AUTHORITY from or in connection with the ownership or
operation of the Airport System or any part thereof, or the leasing or use thereof. 

  
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 “Scheduled Airline” shall mean any Air Transportation Company performing or
desiring to perform, pursuant to a published schedule, commercial air transportation services over specified routes to and from the Airport and holding the necessary authority from the appropriate Federal or state agencies to provide such
transportation. 
 “Signatory Airline” certified scheduled service airline or an air carrier within the meaning of 49 U.S.C.
§ 40102 and 14 C.F.R. Part 380.2, with a seating capacity of 30 or more seats, that has signed a lease (or permit) for a minimum of 500 square feet for at least one (1) year and has at least one (1) daily departure or guarantees a
yearly average of 210 available seats per week for the duration of the service agreed upon for the length of its agreement 

“Substantial Completion” shall mean the date on which AUTHORITY’s architects and/or engineers certify any premises at the
Airport to be available for beneficial occupancy. 
 “Term” shall mean the period of time during which AIRLINE activities at the
Airport shall be governed by this Agreement, except as otherwise set forth herein. Said Term shall begin on the Effective Date, and, except as otherwise set forth herein, terminate on the date set forth in Article 3. 

“Terminal” shall mean the airline passenger terminal facilities at the Airport as they exist prior to and after completion of any
improvements or expansion. 
 Additional words and phrases used in this Agreement but not defined herein shall have their usual and
customary meaning. 
 ARTICLE 2: EFFECTIVE DATE 

This Agreement, along with the determination of rentals, fees, and charges set forth herein, shall be binding and effective as of the 1st day of April, 2021. 
 ARTICLE 3: TERM 

3.01. Except for that portion of the Exclusive Use Premises listed on Exhibit B as being leased on a month-to-month basis, as such Exhibit B may be amended from time to time; the Term of this Agreement shall commence on the 1st day of April, 2021, and shall continue for one (1) year (the “Term”).
The Term of this Agreement shall terminate on 31st day of March, 2022, unless sooner canceled or terminated as provided herein. 
 3.02 For
the portion of the Exclusive Use Premises listed on Exhibit B as being leased on a month-to-month basis, this Agreement is for a term of one (1) month commencing on
the Effective Date, and thereafter from month to month until one of the parties shall give to the other not less than thirty (30) days’ written notice of its intention to terminate this Agreement as to such portion of the Exclusive Use
Premises. The parties may agree, in writing, to add additional month-to-month space to the Exclusive Use Premises. 

  
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 3.03 Recapture of Exclusive Use Premises. If AIRLINE fails to maintain the requirements set
forth in the definition of a Signatory Airline as provided in Article 1 above over a period of sixty (60) days, the AUTHORITY shall have the right to recapture control of the Exclusive Use Premises upon thirty (30) days written notice to
AIRLINE of its failure to maintain the minimum flights as set forth herein. Moreover, failure to meet the requirements of a Signatory Airline will result in the airline paying non-signatory rates and charges.

 ARTICLE 4: PREMISES 
 4.01
Airline Premises. 
 A. AUTHORITY does hereby lease and demise to AIRLINE, and AIRLINE does hereby lease and accept from AUTHORITY, the
Exclusive Use Premises, as set forth in Exhibit “B”, as may be amended from time to time. 
 B. AUTHORITY does hereby grant
Airline the use of Joint Use Premises, as set forth in Exhibits “Dl” and “D2.”, as may be amended from time to time. 

C. Any changes to Airline Premises, except as set forth herein relating to “as-built”
drawings, shall be evidenced by an amendment to this Agreement pursuant to Section 19.15. 
 D. In the event that changes to Exhibits
“B”, “Dl” and “D2” are made to reflect changes in the leased premises of others, or to reflect other space changes not inconsistent with the provisions of this Agreement, then in such event said revised exhibits may be
substituted herein without the necessity for amendment of this Agreement. AIRLINE acknowledges that the Airline Premises may be modified as part of the overall expansion and modification of the Airport. In the event the expansion or modifications
effect the Airline Premises, AUTHORITY shall use reasonable efforts to provide AIRLINE with alternate facilities to continue its operation while construction is being completed at a rental rate not to exceed that provided for in this Agreement for
comparable space 
 4.02 Terminal Equipment Included in Airline Premises is Terminal equipment as set forth in Exhibit “C”,
attached hereto and made a part hereof. Terminal equipment owned or acquired by AUTHORITY for use by AIRLINE in its Airline Premises shall remain the property and under the control of AUTHORITY. The use of said equipment by AIRLINE may be subject to
a fee or charge separate and distinct from any other fee or charge set forth herein. 
 4.03 Employee Parking. AIRLINE shall be responsible
for making arrangements with AUTHORITY to obtain employee parking spaces at the Airport. AIRLINE acknowledges that a fee will be charged for all employee parking. 

  
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 4.04 Federal Inspection Facilities. AUTHORITY shall designate areas in the Terminal or
elsewhere on the Airport, to be used by agencies of the United States government for the inspection of passengers and their baggage, and for the exercise of the responsibilities of said agencies with respect to the movement of persons and property
to and from the United States. 
 4.05 AIRLINE’s Acceptance of Airline Premises. Neither the AUTHORITY nor its agents have made any
representations with respect to any buildings, the land upon which same is erected, or the Airline Premises except as expressly set forth herein and no rights, easements, or licenses are acquired by the AIRLINE by implication or otherwise except as
expressly set forth in the provisions of this Agreement. The taking of possession of the Airline Premises by the AIRLINE shall be conclusive evidence that the AIRLINE accepts the same “as is” and that the Airline Premises were in good
condition at the time possession was taken. 
 ARTICLE 5 

USE OF THE AIRPORT AND RELATED FACILITIES 

5.01 AIRLINE Rights and Privileges. In addition to all rights granted elsewhere in this Agreement, AIRLINE shall have the non-exclusive right, license and privilege to use, in common with others so authorized by the AUTHORITY, areas, facilities, equipment, and improvements at the Airport for the operation of AIRLINE’s Air
Transportation Business and all activities reasonably necessary to such operations, including but not limited to: 
 A. The landing, taking
off, flying over, taxiing, towing, and conditioning of AIRLINE’s aircraft and, in area designated by AUTHORITY, the extended parking, servicing, loading or unloading, storage, or maintenance of AIRLINE’s aircraft and support equipment
subject to Sections 5.01(F), 5.01(G), and 5.02(C), to the availability of space, and to such reasonable charges and regulations as AUTHORITY may establish; provided, however, AIRLINE shall not permit the use of the Airfield by any aircraft operated
or controlled by AIRLINE which exceeds the design strength or capability of the Airfield as described in the then-current FAA-approved Airport Layout Plan (ALP) or other engineering evaluations performed
subsequent to the then-current ALP, including the current Airport Certification Manual all of which are incorporated herein by reference. 

B. The sale of air transportation tickets and services, the processing of passengers and their baggage for air travel, and the sale, handling,
and providing of mail, freight, and express services. 
 C. The training of personnel in the employ of or to be employed by AIRLINE and the
testing of aircraft and other equipment being utilized at the Airport in the operation of AIRLINE’s Air Transportation Business; provided, however, said training and testing shall be incidental to the use of the Airport in the operation by
AIRLINE of its Air Transportation Business and shall not unreasonably hamper or interfere with the use of the Airport and its facilities by others entitled to the use of same. The AUTHORITY reserves the right to restrict or prohibit such training
and testing operations as it deems interferes with the use of the Airport. 

  
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 D. The sale, disposition, or exchange of AIRLINE’s aircraft, engines, accessories,
gasoline, oil, grease, lubricants, fuel, or other similar equipment or supplies; provided, however, AIRLINE shall not sell or permit to be sold aviation fuels or propellants, except (i) to such Air Transportation Company which is a successor
Company to AIRLINE, (ii) for use in aircraft of others which are being used solely in the operation of AIRLINE’s Air Transportation Business, including, but not limited to, AIRLINE’s code sharing partner(s) or (iii) when a
comparable grade and type of fuel desired by others is not available at the Airport except from AIRLINE. 
 E. The purchase at the Airport
or elsewhere, of fuels, lubricants, and any other supplies and services, from any person or company, subject to Section 5.01.D and to the AUTHORITY’s right to require that each provider of services and/or supplies to AIRLINE secures a
permit from AUTHORITY to conduct such activity at the Airport, pays required fees, and abides by all reasonable rules and regulations established by AUTHORITY. No discriminatory limitations or restrictions shall be imposed by AUTHORITY that
interfere with such purchases; provided, however, nothing herein shall be construed to permit AIRLINE to store aviation fuels at the Airport. The granting of the right to store aviation fuels shall be subject to the execution of a separate agreement
between the fuel provider and AUTHORITY. 
 F. The servicing by AIRLINE or its suppliers of aircraft and other equipment being utilized at
the Airport by AIRLINE at such locations as may be designated by the Airport Director. 
 G. The loading and unloading of persons, property,
and mail by motor vehicles or other means of conveyance approved by AUTHORITY on AIRLINE’s Aircraft Aprons or such other locations as may be designated by the Airport Director; provided AIRLINE shall not use Aircraft Aprons to load or unload all-cargo aircraft. 
 H. Identifying signs for the Air Carrier shall be used on the Airport provided
electronic system display. 
 I. The installation, maintenance, and operation, at no cost to AUTHORITY, of such radio communication,
computer, meteorological and aerial navigation equipment, and facilities on AIRLINE’s Joint-Use Premises as may be necessary or convenient for the operation of its Air Transportation Business; provided,
however, that such installations shall be subject to the prior written approval of the Airport Director. Prior to any written approval, AIRLINE shall provide the Airport Director with all necessary supporting documentation related to such
installations. Such installation shall also be subject to the provisions of Article 9. 
 J. Such rights of way as may reasonably be
required by AIRLINE for Communications, Computer equipment, teletype, telephone, interphone, pneumatic tubes, conveyor systems and power, and other transmission lines in areas jointly-used by AIRLINE,subject to the availability of space and/or
ground areas as determined by the Airport Director. The AUTHORITY reserves the right to require the execution of a separate agreement between AUTHORITY and AIRLINE for payment to AUTHORITY FOR the lease and use of such space and/or ground area
outside Terminal areas or for such other facilities or services provided by the AUTHORITY. 

  
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 K. The installation of personal property, including furniture, furnishings, supplies,
machinery and equipment, in AIRLINE’s Exclusive Use Premises as AIRLINE may deem necessary or prudent for the operation of its Air Transportation Business. Title to such personal property shall remain with AIRLINE, subject to the provisions of
this Agreement. 
 L. The construction of modifications, finishes, and improvements in Exclusive Use Premises as AIRLINE may deem necessary
or prudent for the operation of its Air Transportation Business, subject to the provisions of Article 8. 
 M. Ingress to and egress from
the Airport and Airline Premises for AIRLINE’s officers, employees, agents, and invitees, including passengers, suppliers of materials, furnishers of services, aircraft equipment, vehicles, machinery, and other property. Such right shall be
subject to C.F.R. 49 Part 1542, applicable laws, and the AUTHORITY’s right to establish rules and regulations governing (i) the general public, including AIRLINE’s passengers; and, (ii) access to
non-public area at the Airport by AIRLINE’s employees, suppliers of materials, and furnisher of services; provided, however, any such rules and regulations of the AUTHORITY applicable to such access shall
not unreasonably interfere with the operation of Airline’s Air Transportation Business. Further, AUTHORITY reserves the right to, from time to time, temporarily or permanently restrict the use of any roadway or other area at the Airport. In the
event of such restrictions, and if necessary, AUTHORITY shall make every effort to ensure availability of a reasonably equivalent means of ingress and egress. 

N. The ground handling of any portion of the operations of another Scheduled Airline is permitted. However, AIRLINE shall provide AUTHORITY
advance written notice of such proposed activities, including a description of the type and extent of services to be provided and fees to be charged, and obtain the prior written approval of the AUTHORITY. Notwithstanding the foregoing, AIRLINE
shall not ground handle any Scheduled Airline which does not have in force an operating agreement with AUTHORITY for the operation of its Air Transportation Business at the Airport, and a handling agreement between AIRLINE and the Scheduled Airline.
Should AIRLINE provide any ground handling services hereunder, AIRLINE shall pay to the AUTHORITY the same fee applicable to FBO’s providing similar services at the Airport. 

O. The rights and privileges granted to AIRLINE pursuant to this Article 5 may be exercised on behalf of AIRLINE by other Signatory
Airlines or contractors authorized by AUTHORITY to provide such services at the Airport, subject to the prior written approval of AUTHORITY and further subject to all laws, rules, regulations, and fees and charges as may be applicable to the
activities undertaken. AIRLINE may exercise on behalf of AIRLINE’s wholly owned subsidiaries or any other Signatory Airlines any of the rights granted AIRLINE herein, so long as AIRLINE is concurrently exercising those same rights in the
operation of AIRLINE’s own Air Transportation Business at the Airport, subject to the provisions of Article 14 and other provisions of this Agreement with respect to AUTHORITY rules and regulations and the payment of fees and charges for such
activities. 

  
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 5.02 Exclusions and Reservations. 

A. Nothing in this Article 5 shall be construed as authorizing AIRLINE to conduct any business separate and apart from the conduct of its Air
Transportation Business. 
 B. AIRLINE shall not knowingly interfere or permit interference with the use, operation, or maintenance of the
Airport, including but not limited to, the effectiveness or accessibility of the drainage, sewerage, water, communications, fire protection, utility, electrical, or other systems installed or located from time to time at the Airport; and AIRLINE
shall not engage in any activity prohibited by the AUTHORITY’s existing or future Noise Abatement Procedures. 
 C. As soon as possible
after release from proper authorities, AIRLINE shall remove any of its disabled aircraft from the Landing Area and Ramp Area, shall place any such disabled aircraft only in such storage areas as may be designated by the Airport Director, and shall
store such disabled aircraft only upon such terms and conditions as may be established by AUTHORITY. In the event AIRLINE shall fail to remove any of its disabled aircraft as expeditiously as possible, AUTHORITY may, but shall not be obligated to,
cause the removal of such disabled aircraft; provided however, AUTHORITY shall give AIRLINE prior notice of its intent to do so and provided further that AUTHORITY shall use reasonable efforts to remove such aircraft. AIRLINE shall pay to AUTHORITY,
upon receipt of invoice, the costs incurred for such removal plus twenty-five percent (25%). 
 D. AIRLINE shall not do or permit to be done
anything, either by act or failure to act, that shall cause the cancellation or violation of the provisions, or any part thereof, of any policy of insurance for the Airport, or that shall cause a hazardous condition so as to increase the risks
normally attendant upon operations permitted by this Agreement. If such AIRLINE act, or failure to act, shall cause the cancellation of any policy, then AIRLINE shall immediately, upon notification by AUTHORITY, do whatever shall be necessary to
cause reinstatement of said insurance. Furthermore, if AIRLINE shall do or permit to be done any act not permitted under this Agreement, or fail to do any act required under this Agreement, regardless of whether such act shall, constitute a breach
of this Agreement, which causes an increase in the AUTHORITY’s insurance premiums, AIRLINE shall immediately remedy such actions and/or pay the increase in premiums, upon notice from AUTHORITY to do so; but in any event, AIRLINE will hold
AUTHORITY harmless for any expenses and/or damage resulting from any action as set forth in this section, 

  
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 E. AIRLINE shall immediately notify AUTHORITY in, writing of any enforcement, clean-up, removal or other governmental or regulatory action instituted, completed or threatened pursuant to environmental laws governing hazardous material or related concerns; any claim made or threatened by any
person against AIRLINE or AIRLINE’s activities or the condition of the Airline Premises relating to damage, contribution, cost recovery compensation, loss or injury resulting from or claimed to result from the presence of hazardous material;
and reports to any environmental agency or governmental authority arising out of or in connection with the delivery to, storage on or removal from Airline Premises, property or aircraft, of hazardous material, including any complaints, notices,
warnings or asserted violations in connection therewith. AIRLINE shall provide AUTHORITY with copies of all documentation related to the foregoing. 

F. AUTHORITY may, at its sole option, install or cause to be installed advertising and revenue generating devices, including, but not limited
to, vending machines, kiosks and computer access equipment, in Joint Use Premises; provided, however, that such installations shall not unreasonably interfere with AIRLINE’s operations authorized hereunder.. AUTHORITY shall be entitled to all
income generated by such and devices and to reasonable access upon Airline Premises to install or service such devices. 
 G. The rights and
privileges granted AIRLINE pursuant to this Article 5 shall be subject to any and all reasonable rules and regulations established by AUTHORITY, as may be amended from time to time, and to the provisions of Article 7. The rights and privileges
granted to AIRLINE pursuant to this Article 5 are subject to the limitations of law, leases and concession contracts either presently existing or as may be approved by the AUTHORITY in the future. Nothing contained herein shall be construed as
authorizing AIRLINE to conduct a separate business or businesses but shall permit AIRLINE to perform or have performed such functions only as are incidental to the operation of its own Air Transportation Business. To the extent that AIRLINE or its
suppliers compete with the concessionaires of the AUTHORITY, AUTHORITY shall not be deprived of concession revenue by such competition and nothing in this Agreement shall prohibit AUTHORITY from charging AIRLINE or its suppliers the standard rates
charged to concessionaires in connection with items normally sold by concessionaires. AIRLINE, in recognition of the principles stated herein, further agrees not to divert any concession trade from the Airport to
non-concessionaires for the purpose of avoiding Airport fees and charges. AUTHORITY, in its sole discretion, shall make any determination of such diversion. 

H. Any and all rights and privileges not specifically granted to AIRLINE for its use of and operations at the Airline Premises pursuant to
this Agreement are hereby reserved for and to AUTHORITY. 
 ARTICLE 6 

OPERATION AND MAINTENANCE OF THE AIRPORT 

6.01 Designation of Operation and Maintenance Responsibilities. In addition to the obligations of AIRLINE and AUTHORITY set forth in Sections
6.02 and 6.03, responsibilities for maintenance, cleaning, and operation of the Airport shall be as set forth in Exhibit “E”, attached hereto and made a part hereof. 

  
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 6.2 AIRLINE Obligations. 

A. AIRLINE shall, at all times and at its own expense, preserve and keep the Exclusive Premises in an orderly, clean, neat, and sanitary
condition. 
 B. AIRLINE shall, at its own expense, make every effort to keep all Aircraft Aprons free of fuel, oil, debris, and other
foreign objects. 
 C. AIRLINE shall operate and maintain in accordance with the rules and regulations of the AUTHORITY: (i) any
loading bridges located at the Aircraft Aprons, (ii) any 400 Hertz units located at the Aircraft Aprons, (iii) baggage conveyor system and devices provided for AIRLINE, and (iv) any other improvements and/or equipment installed by
AIRLINE or provided by AUTHORITY for AIRLINE’s use under this Agreement. 
 D. AIRLINE shall maintain the Exclusive Use Space and Joint
Use Space (to the extent related to AIRLINE’S use and occupancy of such areas) in good order and condition, normal wear and tear excepted, and shall commit no waste to such Space. 

E. AIRLINE shall at all times fully and faithfully comply with the Airport Rules and Regulations, (as such Rules and Regulations may be
revised and or amended from time to time) as well as all federal, state and local governmental laws, rules and regulations as referenced in Article 19.06 during AIRLINE’s use and occupancy under this Agreement. Additionally, AIRLINE shall do
nothing which may impair AUTHORITY’S ability to obtain grants from the FAA and shall assist AUTHORITY in compliance with all FAA Rules and Regulations relating to Grant Assurances. Upon receipt of written notice from AUTHORITY that the
ARLINE’S actions may cause AUTHORITY to be in violation of the FAA Rules and Regulations, AIRLINE shall immediately cease such activity or be deemed in default hereof. 

F. Should AIRLINE fail to perform its material obligations hereunder, AUTHORITY shall have the right to enter the Airline Premises and perform
such activities; provided, however, other than in a case of emergency, AUTHORITY shall give to AIRLINE reasonable advance written notice of noncompliance, not to exceed ten (10) days, prior to the exercise of this right. If such right is
exercised, AIRLINE shall pay to AUTHORITY, upon receipt of invoice, the cost of such services plus twenty five percent (25%). 
 G. AIRLINE
shall provide written notice of any and all schedule changes no later than thirty (30) days prior to effectuating same. 
 6.03
AUTHORITY and AIRLINE Obligations. 

  
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 AUTHORITY and AIRLINE both acknowledge that close cooperation is necessary to ensure
compliance with any storm water discharge permit terms and conditions, as well as to ensure safety and to minimize costs. AIRLINE acknowledges and agrees that it will undertake all necessary actions to minimize the exposure of storm water (and snow
melt) to significant materials, generated, stored, handled, or otherwise used by AIRLINE, by implementing and maintaining practices employed to prevent or reduce source water pollution,, such as the construction of runoff-retention basins and
replanting eroding surfaces. Significant materials include, but are not limited to: raw materials; fuels, solvents, detergents, and plastic pellets; finished materials such as metallic products; raw materials used in food processing or production;
hazardous substances; deicing fluids; fertilizers; pesticides; and waste products such as ashes, slag, and sludge. 
 ARTICLE 7 

RENTALS, FEES, AND CHARGES 

AIRLINE shall pay AUTHORITY rentals for use of Airline Premises, and fees and charges for the other rights, licenses, and privileges granted
hereunder during the Term of this Agreement. The AIRLINE acknowledges that many of the rentals, fees and charges being assessed by the AUTHORITY hereunder are part of the Standard Rates and Charges that are assessed by the AUTHORITY on all parties
utilizing the Airport and further acknowledges that the aforementioned Standard Rates and Charges may be revised from time to time. The AIRLINE acknowledges that the charges listed in sections 7.01 through 7.08 are not intended to be inclusive, and
that the AUTHORITY reserves the right to charge the AIRLINE for services not included in this Article 7 if it is determined that such services are to be provided to AIRLINE. The AIRLINE agrees to pay such revised fees, rentals and charges as may be
put into effect. The AUTHORITY shall notify AIRLINE of any changes no less than sixty (60) days prior to the effective date of the revised fees, rentals and charges. Rentals, fees and charges are established and approved by the AUTHORITY’s
Board of Commissioners and may be revised at the discretion of the Board of Commissioners. These rentals, fees and charges are as follows: 

7.01 Landing Fees. AIRLINE shall pay monthly to AUTHORITY fees for Chargeable Landings for the preceding month. AIRLINE’s landing fees
shall be determined as set forth in Exhibit “F”, attached hereto and made a part hereof. Airline’s landing fees shall be determined as the product of the landing fee rate for the period, and AIRLINE’s total landed weight for the
month. AIRLINE’s landed weight for the month shall be determined as the sum of the products obtained by multiplying the Maximum Gross Landed Weight of each type of AIRLINE’s aircraft by the number of Chargeable Landings of each said
aircraft during such month. 
 7.02 Aircraft Parking Fees. AIRLINE shall pay an aircraft parking fee as determined and set forth in Exhibits
“F” and “Fl”, and as may be revised from time to time. In addition to any and all aircraft parking fees, AIRLINE shall pay fees for each aircraft which remains at the Airport overnight between the hours of 9:00 p.m. and 3:00 a.m.
or is on the ramp in excess of twelve (12) hours. Such fees for overnight parking of aircraft shall be determined by the AUTHORITY, from time to time, in its discretion. 
  

  
 13 

 7.03 Terminal Rentals. AIRLINE’s rentals for the Exclusive Use Premises shall be
determined as set forth in Exhibit “F”, and as may be revised from time to time. 
 7.04 Ramp Fees. AIRLINE’s fee for Joint
Use Premises on the Ramp Area shall be determined as set forth in Exhibit “F’, and as may be revised from time to time. 
 7.05
Loading Bridge Fees. AIRLINE’s fee for joint use of the loading bridges shall be determined as set forth in Exhibit “F”, and as may be revised from time to time. 

7.06 Security Fee. AIRLINE’s fee for law enforcement at the airport shall be determined as set forth in Exhibit “F”, and as may
be revised from time to time. 
 7.07 Passenger Screening Reimbursements. If AIRLINE has not already done so, it shall, within ten
(10) days of execution of this Agreement, enter into an agreement with the Transportation Security Administration (or the then current passenger screening operator at the Airport) and provide a copy to the Authority 

7.08 Utilities to be Considered Additional Rent. 

A. AUTHORITY shall cause to be supplied to the Airline Premises electricity, water and sewerage services, through existing wires, pipes and
mains and shall provide heat and air conditioning during the appropriate seasons within present or future governmental guidelines, laws or regulations concerning conservation of energy or water. AUTHORITY shall not be responsible or liable for
interruption of utility services and the failure of such services shall not constitute grounds for any diminution or abatement of rent nor constitute grounds for termination of this Agreement or claims for damages. Nothing in this provision shall be
construed as requiring the AUTHORITY to provide water and sewerage services to AIRLINE’s Exclusive Use area(s). 
 B. The AIRLINE shall
pay to AUTHORITY, as an additional fee hereunder, AIRLINE’s appropriate share for the consumption of electricity, water, sewage services, alarm services, pest control, waste disposal services and administrative overhead attributable to such
charges as set forth in Exhibit “J” attached hereto and made a part hereof, and as may be revised from time to time. 
 C. Utility
costs set forth in this Agreement shall be rendered monthly to AUTHORITY based on actual costs incurred during the prior month, plus administrative overhead attributable to such charge, plus any surcharges that may be assessed by AUTHORITY to cover
increased costs of utilities. Such costs may be adjusted within ninety (90) days after the end of each calendar year when final costs for such calendar year have been determined, and AIRLINE shall pay any increased cost adjustment within thirty
(30) days of receipt of written or electronic notice of same. 
 D. All fees and/or payments required by this Section shall be added to
and become payable as additional rent with the installment of basic rent next due as provided for in this Agreement. 

  
 14 

 7.09 Other Fees and Charges. 

A. AUTHORITY expressly reserves the right to assess and collect the following: 

1. Reasonable and non-discriminatory fees for concessions and other services provided by AIRLINE for
others or for AIRLINE by others pursuant to Section 5.01 of this Agreement, if such services or concessions would otherwise be available from a concessionaire or licensee of AUTHORITY. 

2. Reasonable and non-discriminatory fees and charges for services or facilities not enumerated in
this Agreement, but provided by AUTHORITY and accepted by AIRLINE, including, but not limited to, Federal Inspection Services (FIS) facility fees, information technology fees and telephone fees. 

3. Pro rata shares of any charges for the provision of any services or facilities which AUTHORITY is required to provide by any governmental
entity (other than AUTHORITY acting within its proprietary capacity) having jurisdiction over the Airport. 
 B. AUTHORITY or its agents,
operators or representatives reserve the right to charge AIRLINE or its employees a reasonable fee for employee parking area(s) provided at the Airport. 

C. AIRLINE shall pay charges for other services or facilities provided by AUTHORITY to AIRLINE. Such services or facilities may include, but
are not limited to, special maintenance of Airline Premises, 400 Hertz (GPU) charges, or equipment/vehicle storage areas. 
 D. AIRLINE
shall pay the required fees for all permits and licenses necessary for the conduct of its Air Transportation Business at the Airport. AIRLINE shall also pay all taxes, assessments, and charges, which during the Term of this Agreement may become a
lien or which may be levied by the State, County, City, or any other levying body, upon any interest by AIRLINE acquired in this Agreement, or any possessory right which AIRLINE may have in or to the Airline Premises or facilities leased hereunder,
or the improvements thereon, by reason of its occupancy thereof, or otherwise, as well as taxes, assessments, and/or charges on property, real or personal, owned by AIRLINE in or about said premises. Upon any termination of tenancy, all taxes then
levied or a lien on any of said Airline Properly, or interest therein, shall be paid in full and without pro-ration by AIRLINE forthwith, or within ten (10) days after a statement thereof has been issued
by the tax collector, if termination occurs during the interval between attachment of the lien and issuance of statement. However, AIRLINE shall not be deemed to be in default under this Agreement for failure to pay any charges and/or taxes pending
the outcome of any proceedings instituted by AIRLINE to contest the validity or the amount of such taxes, provided that such failure to pay does not result in any forfeiture. 

  
 15 

 E. The AUTHORITY reserves the right to assess and collect Passenger Facility Charges,
(“PFCs”), in accordance with 49 U.S.C. ‘ 40117, 14 C.F.R. Part 158 and the Wendell H. Ford Aviation Investment and Reform Act for the 21st Century, Pub. L. 106181, and any subsequent amendments, modifications and changes
thereto. 
 F. AIRLINE shall pay the Fuel Flowage Fees as set forth in Exhibit “F”, attached hereto and made a part hereof, to
Signature Flight Support INC., the FBO currently serving the AIRLINE, or such other FBO or fuel provider approved by the Authority from whom the AIRLINE may purchase fuel at the Airport. The FBO or fuel provider shall report to the AUTHORITY the
total number of gallons uplifted monthly and shall pay the fees identified in Exhibit “F” to the AUTHORITY. No later than sixty (60) days prior to the putting into effect a change in Fuel Flowage rates, AUTHORITY shall notify AIRLINE
of any change in Fuel Flowage rates for the ensuing Fiscal Year. 
 7.10 Payments. 

A. Payments of one-twelfth (1/12) of the total annual rentals for AIRLINE’s Exclusive Premises,
including rentals for portions of the Exclusive Premises which are leased on a month-to-month basis, shall be due in advance, without demand or invoice, on the first day
of each month. Said rentals and charges shall be deemed delinquent if payment is not received by the fifteenth (15) calendar day of the month. 

B. Payment of airline’s Landing Fees shall be due as of the date of AUTHORITY’s invoice and shall be deemed delinquent if not
received within thirty (30) days of the date of such invoice. 
 C. Payment for all other fees and charges due hereunder, excluding
PFCs, shall be due as of the date of the AUTHORITY’s invoice for same. Said fees and charges shall be deemed delinquent if payment is not received within thirty (30) days of the date of such invoice. 

(1) Pursuant to 14 C.F.R. Part 158, AIRLINE must remit PFC revenues no later than the last day of the month following the month in
which they were recorded in the AIRLINE’s accounting system. In addition to the remittance of the revenues, AIRLINE shall provide the following information monthly: Carrier and airport involved, total PFC revenue collected, total PFC revenue
refunded to passengers, collected PFC revenue withheld by the Airline for reimbursement of expenses and amount of monthly remittance. AIRLINE shall submit quarterly reports detailing the same information as above for the quarters ending: March 31,
June 30, September 30 and December 31 of each year. If AIRLINE collects more than 50,000 individual PFCs, it shall provide for an annual audit of its PFC collection and remittance activity by an accredited independent public accountant. A
copy shall be provided to the AUTHORITY 

  
 16 

 D. AUTHORITY shall provide notice of any and all payment delinquencies, including payments
of any deficiencies which may be due as a result of the AUTHORITY’s estimates of activity pursuant to Section 7.10(E) below, or due to an audit performed pursuant to Section 7.11 (C), herein; provided, however, interest at the highest rate
allowable by applicable state law, shall accrue against any and all delinquent payment(s) from the date due until the date payments are received by AUTHORITY. This provision shall not preclude AUTHORITY from terminating this Agreement for default in
the payment of rentals, fees, or charges, as provided for in Article 13 herein, or from exercising any other rights contained herein or provided by law. 

E. In the event AIRLINE fails to submit its monthly activity reports on time as required in Section 7.11, AIRLINE shall be charged $250
for each late submission and AUTHORITY shall estimate the rentals, fees and charges based upon one hundred twenty-five percent (125%) of the previous month’s activity reported by AIRLINE and issue an invoice to AIRLINE for same. If no activity
data is available, AUTHORITY shall reasonably estimate such activity and invoice AIRLINE for same. AIRLINE shall be liable for any deficiencies in payments based on estimates made under this provision; payments for said deficiencies shall be deemed
due as of the date such rental was due and payable. If such estimate results in an overpayment by AIRLINE, AUTHORITY shall apply such overpayment as a credit against subsequent amounts due for such rentals, fees and charges from AIRLINE, provided,
however, AIRLINE shall not be entitled to any credit for interest on payments of such estimated amounts. 
 F. In the event AIRLINE’s
obligations with respect to Airline Premises or rights, licenses, or privileges granted hereunder shall commence or terminate on any date other than the first or last day of the month, AIRLINE’s rentals, fees, and charges shall be prorated on
the basis of the number of days such premises, facilities, rights, licenses, services, or privileges were enjoyed during that month. 
 G.
All payments due and payable hereunder, except for PFCS, shall be paid in lawful money of the United States of America, without set off, by check made payable to the AUTHORITY and delivered to: 

South Jersey Transportation Authority 

P.O. Box 8500-1706 

Philadelphia, PA 19178-1706 
 or
to such other addresses as the AUTHORITY may from time to time provide to Airline in writing. 
 H. All payments due and payable hereunder
for PFCs shall be paid in lawful money of the United States of America, without set off, by check made payable to the AUTHORITY and delivered to: 

South Jersey Transportation Authority 

P.O. Box 8500-3215 

Philadelphia, PA 19178-3215 

  
 17 

 or to such other addresses as the AUTHORITY may from time to time provide to Airline in
writing. 
 7.11 Information to be Supplied by AIRLINE. 

A.    As requested by the AUTHORITY or its designated representative, AIRLINE shall submit activity reports as set forth
in Exhibits “H” and “I”, including, but not limited to, Enplaned Passengers, Deplaned Passengers, arrivals, departures, cargo and aircraft type. AIRLINE shall file these written reports weekly with AUTHORITY on forms provided by
AUTHORITY for activity conducted by AIRLINE during said week, and for activity handled by AIRLINE for other Air Transportation Companies not having an agreement with AUTHORITY providing for its own submission of activity data to AUTHORITY. 

B.    AUTHORITY reserves the right to rely on said activity reports in determining rentals, fees and charges due
hereunder. AIRLINE shall have full responsibility for the accuracy of said reports. Payment deficiencies due to incomplete or inaccurate activity reports shall be subject to interest charges as set forth in Section 6.09(D). 

C.    AIRLINE shall at all times maintain and keep books, ledgers, accounts, or other records, wherein are accurately kept
all entries reflecting the activity statistics to be reported pursuant to this Section. Such records shall be retained by AIRLINE for a period of three (3) years subsequent to the activities reported therein, or such other retention period as
required by Federal Regulations, and made available at Atlantic City International Airport for audit and/or examination by AUTHORITY or its duly authorized representative during all normal business hours. AIRLINE shall produce such books and records
at Atlantic City International Airport within fifteen (15) calendar days of AUTHORITY’s notice to do so or pay all reasonable expenses, including but not limited to professional fees, costs of audit, transportation, food, and lodging, necessary
for an auditor selected by AUTHORITY to audit said books and records. 
 D.    The cost of audit, with the exception of
the aforementioned expenses, shall be borne by AUTHORITY; provided, however, the total costs and fees of said audit shall be borne by AIRLINE if either or both of the following conditions exist: 

1.    The audit reveals an underpayment of more than five percent (5%) of rentals, fees, and charges due hereunder, as
determined by said audit; and/or 
 2.    AIRLINE has failed to maintain true and complete books, records, accounts,
and supportive source documents in accordance with Section 7.10(C). 

  
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 7.12    Security for Performance. 

A. AIRLINE shall provide AUTHORITY on the Effective Date of this Agreement with a contract bond, irrevocable letter of credit, or other
similar security in a form and drawn on such company as is acceptable to AUTHORITY, in its sole discretion, an amount equal to not less than the estimated amount of charges to be paid by the AIRLINE for a period of three (3) months use of
Airport as security to guarantee the faithful performance by AIRLINE of all covenants, conditions and obligations under this Agreement and the payment of all rentals, fees, and charges due hereunder, (“Contract Security”). The AUTHORITY
shall have the right to increase the amount of the Contract Security from time if the AIRLINE costs increase from the original estimated costs. AIRLINE shall maintain such Contract Security in effect throughout the Term of this Agreement and provide
written proof thereof to AUTHORITY upon commencement and thereafter annually on the tenth day of January. AUTHORITY may, if it so elects, have recourse to AIRLINE’s Contract Security to make good any delinquency, breach or default, in which
event AIRLINE shall, on, demand, promptly restore the Contract Security to its original amount within thirty (30) days from said demand. 

B. If AIRLINE shall fail to obtain and/or keep in force such Contract Security required hereunder, such failure shall be grounds for immediate
termination of this Agreement pursuant to Section 11.01. AUTHORITY’s rights under this Section 7.12 shall be in addition to all other rights and remedies provided to AUTHORITY under this Agreement. 

ARTICLE 8 
 AIRLINE IMPROVEMENTS

 8.01    Need for Capital Expenditures The Parties hereto recognize that Capital Expenditures to preserve, protect,
enhance, expand, or otherwise improve the Airport System, or part hereof, may be required during the Term of this Agreement. 

8.02    Alterations and Improvements by AIRLINE. 

A.    Except as otherwise expressly provided herein, the AIRLINE shall not erect any structures, make any improvements or
do any construction work on the Airline Premises, or install any fixtures other than trade fixtures, removable without material damage to the Airline Premises, (any such damage shall be immediately repaired by the AIRLINE at its sole expense)
without the prior written approval of AUTHORITY, through the medium of a construction, or alteration application. All such improvements shall be at the sole cost of AIRLINE. In the event any construction, improvement, alteration, modification,
addition, repair or replacement is made without such approval, then upon notice from AUTHORITY, the AIRLINE shall remove the same or at the option of AUTHORITY, cause the same to be changed to the satisfaction of AUTHORITY. In case of any failure on
the part of the AIRLINE to comply with such notice, AUTHORITY may affect the removal or change and AIRLINE shall pay the costs, fees and all legal fees and costs thereof to AUTHORITY upon demand. 

  
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 B.    AIRLINE agrees that any construction, improvement, alteration,
modification or addition performed by AIRLINE at or on the Airline Premises shall be in accordance with an AUTHORITY approved construction or alteration application, a copy of which is attached as Exhibit M, attached hereto and made part hereof. All
such improvements made by AIRLINE, except those financed by AUTHORITY which shall immediately become the property of the AUTHORITY, shall upon termination or cancellation of this Agreement become the property of AUTHORITY. Only AIRLINE’s
personal property identified on the Capital Investment Schedule Exhibit “K”, attached here to and made a part hereof shall remain property of the AIRLINE and may be removed at the termination of the Agreement. 

C.    AIRLINE shall furnish and require contractors and subcontractors to furnish satisfactory evidence of statutory
worker’s compensation insurance, comprehensive general liability insurance, comprehensive automobile insurance, and physical damage insurance, on a builder’s risk form with the interest of AUTHORITY endorsed thereon, in such amounts and in
such manner as AUTHORITY may reasonably require. AUTHORITY may require additional insurance for any alterations or improvements approved hereunder, in such limits as AUTHORITY reasonably determines to be necessary and subject to Section 10.2,
below and Exhibit G. 
 D.    Any construction or installation shall be at the sole risk of AIRLINE and shall be in
accordance with all applicable federal, state and local codes and Laws and subject to inspection by the Airport Director or its agent and any and all applicable federal, state and local inspections 

ARTICLE 9 
 DAMAGE OR DESTRUCTION

 9.01    Partial Damage. If any part of Airline Premises, or adjacent facilities directly and substantially affecting
the use of Airline Premises, shall be partially damaged by fire or other casualty, but said circumstances do not render Airline Premises untenantable as reasonably determined by AUTHORITY, the same shall be repaired to usable condition with due
diligence by AUTHORITY with costs assessed against any liable party or entity as hereinafter provided and limited. No abatement of rentals shall accrue to AIRLINE so long as Airline Premises remain tenantable. 

9.02    Substantial Damage, If any part of Airline Premises, or adjacent facilities directly and substantially affecting
the use of Airline Premises, shall be so extensively damaged by fire or other casualty as to render any portion of said Airline Premises untenantable but capable of being repaired, as reasonably determined by AUTHORITY, the same shall be repaired to
usable condition with due diligence by AUTHORITY as here in after provided and limited. In such case, the rentals payable hereunder with respect to Airline’s affected Airline Premises shall be paid upto the time of such damage and shall
thereafter be abated equitably in proportion as the part of the are a rendered untenantable bears to total Airline Premises until such time as such affected Airline Premises shall be restored adequately for Airline’s use, AUTHORITY shall use
reasonable efforts to provide, but does not guarantee, AIRLINE with alternate facilities to continue its operation while repairs are being completed, at a rental rate not to exceed that provided for in this Agreement for comparable space. AUTHORITY
shall not be liable to AIRLINE for any consequential, compensatory or exemplary damages. 

  
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 9.03 Destruction. 

A.    If any part of Airline Premises, or adjacent facilities directly and substantially affecting the use of Airline
Premises, shall be damaged by fire or other casualty, and is so extensively damaged as to render any portion of said Airline Premises incapable of being repaired, as reasonably determined by AUTHORITY, AUTHORITY shall notify AIRLINE within a period
of sixty (60) days after the date of such damage of its decision whether to reconstruct or replace said space; provided, however, AUTHORITY shall be under no obligation to replace or reconstruct such premises, The rentals payable hereunder with
respect to affected Airline Premises shall be paid up to the time of such damage and thereafter shall abate until such time as replacement or reconstructed space becomes available for use by AIRLINE. AUTHORITY shall not be liable to AIRLINE for any
consequential, compensatory or exemplary damages. 
 B.    In the event AUTHORITY elects to reconstruct or replace
affected Airline Premises, AUTHORITY shall use reasonable efforts to provide AIRLINE with alternate facilities to continue its operation while reconstruction or replacement is being completed at a rental rate not to exceed that provided for in this
Agreement for comparable space. AUTHORITY shall not be liable to AIRLINE for any consequential, compensatory or exemplary damages. 
 C. In
the event AUTHORITY elects to not reconstruct or replace affected Airline Premises, AUTHORITY shall meet and consult with AIRLINE on available ways and means, if any, to permanently provide AIRLINE with adequate replacement space for affected
Airline Premises, In such event, AUTHORITY agrees to amend this Agreement to reflect related additions and deletions to AIRLINE’s Airline Premises. AUTHORITY shall not be liable to AIRLINE for any consequential, compensatory or exemplary
damages. 
 9.04    Damage Caused By AIRLINE. Notwithstanding the provisions of this Article 9, in the event that due to
the negligence or willful act or omission of AIRLINE, its employees, its agents, or licensees, Airline Premises shall be damaged or destroyed by fire, other casualty or otherwise, there shall be no abatement of rent during the repair or replacement
of said Airline Premises. To the extent that the costs of repairs shall exceed the amount of any insurance proceeds payable to AUTHORITY by reason of such damage or destruction, AIRLINE shall pay the amount of such additional costs to AUTHORITY.

  
 21 

 9.05    AUTHORITY’s Responsibilities. AUTHORITY shall maintain
levels of insurance; provided, however, that AUTHORITY’s obligations to repair, reconstruct, or replace affected premises under the provisions of this Article 9 shall in any event be limited to restoring affected Airline Premises to
substantially the same condition that existed at the date of damage or destruction, including any subsequent improvements made by AUTHORITY, and shall further be limited to the extent of insurance proceeds and other funds available to AUTHORITY for
such repair, reconstruction, or replacement; provided further that AUTHORITY shall in no way be responsible for the restoration or replacement of any equipment, furnishings, property, real improvements, signs, or other items installed and/or owned
by AIRLINE in accordance with this Agreement, unless AIRLINE proves that damage is caused by gross negligence or willful act or omission of AUTHORITY, its officials, agents, or employees acting within the course or scope of their employment and
damages are limited to AUTHORITY’S insurance policy limits. 
 ARTICLE 10 

INDEMNIFICATION AND INSURANCE 

10.01 Indemnification. 

A.    AIRLINE shall indemnify, save, hold harmless, and defend AUTHORITY, its officials, agents and employees, its
successors and assigns, individually and collectively, and the Firm, its officials, agents, servants and employees, its successors and assigns, individually or collectively, from and against any claim, action, loss, damage, injury, liability, and
the cost and expense of whatsoever kind or nature (including, but not limited to, reasonable attorney fees, disbursements, court costs, and expert fees including all post- trial motions, appeals, remands and retrials) based upon injury to persons,
including death, or damage to property, arising out of, or resulting from, the acts or omissions of AIRLINE, its officers, employees, agents, contractors, servants, assigns, or anyone for whom AIRLINE is legally responsible, at the Airport or in
connection with this Agreement, unless such injury or damage is occasioned by the willful misconduct of AUTHORITY, its officers, employees, or agents. or the Firm, its officers, employees or agents. 

B.    AIRLINE shall indemnify, save, hold harmless, and defend AUTHORITY, its officials, agents, servants and employees,
its successors and assigns, individually and collectively, from and against any claim, action, loss, damage, injury, liability, and the cost and expense of whatsoever kind or nature (including, but not limited to, reasonable attorney fees,
disbursements, court costs, and expert fees including all post-trial motions, all appeals, remands and retrials) and any fines in any way arising from or based upon the violation of any federal, state, or municipal laws, statutes, resolutions, or
regulations, including rules or regulations of the AUTHORITY, by AIRLINE, its officers, agents, employees, or successors and assigns in conjunction with AIRLINE’s use and/or occupancy of Airline Premises at the Airport. 

C.    AIRLINE shall not cause or permit any Hazardous Material to be brought upon, kept, or used in or about the Airport
by AIRLINE, AIRLINE’s agents, employees, contractors, or invitees unless such Hazardous Material is necessary to AIRLINE’s business and will be used, kept, and stored in a manner that complies with all laws regulating any such Hazardous
Materials brought upon or used or kept in or about the property. AIRLINE shall provide notice to the 

  
 22 

 
AUTHORITY and the Firm of any Hazardous Materials used by AIRLINE at the Airport. AIRLINE shall indemnify, save, hold harmless, and defend AUTHORITY, its officials, agent, servants s and
employees, its successors and assigns, individually or collectively and the Firm, its officials, agents and employees, its successors and assigns, individually or collectively, (including without limitation, diminution in value of the property,
damages for the loss or restriction on use or rent of the property, damages arising from any adverse impact on marketing of the property, and sums paid in settlement of claims, attorney fees and costs of litigation through and including all
post-trial motions, all appeals, remands and retrials consultant fees, and expert fees) that arise during or after the lease term begins due to contamination by Hazardous Materials placed upon the property by AIRLINE or its agent, servant, workman,
contractor or subcontractor during the Term. This indemnification of AUTHORITY by AIRLINE includes, without limitation, cost incurred in connection with any investigation of site conditions which reveals contamination caused by AIRLINE, and all
cleanup, remediation, removal, or restoration work required by any authorized federal, state or local governmental agency or political subdivision because of Hazardous Materials present in the soil or groundwater or under the property. Without
limiting the foregoing, if the presence of any Hazardous Material on the property caused or permitted solely by the AIRLINE during the lease term results any contamination of the property, AIRLINE shall promptly take all actions at AIRLINE’s
sole expense as are necessary to return the property to the condition existing prior to the release of any such hazardous material onto, in, below and/or above the property, provided that AUTHORITY’s approval of such action shall first be
obtained, and approval shall not be unreasonably withheld as long as such actions would not potentially have any material adverse long-term or short-term effect on the property and meets with all applicable federal, state and local laws and
authority’s requirements.. 
 D. The provisions of this Section 10.01 shall survive the expiration, termination, or early
cancellation of this Agreement. 
 10.02 Insurance. 

A. Without limiting AIRLINE’s obligation to indemnify AUTHORITY, as provided for in Section 10.01, AIRLINE shall procure and
maintain in force, at all times during the Term, occurrence form, comprehensive airport premises liability, and aviation insurance to protect against personal injury and bodily injury liability and property damage liability as set forth in Exhibit
“G”, as such Exhibit may from time to time be amended by the Authority at its sole discretion.. 
  

	 	a.	 B. The aforesaid amount of and types of insurance shall be reviewed from time to time by AUTHORITY and may be
adjusted by AUTHORITY if AUTHORITY reasonably determines such adjustments are necessary to protect AUTHORITY’s interests. AIRLINE shall furnish AUTHORITY, within sixty (60) days of the Effective Date hereof, a certificate or certificates
of insurance as evidence that such insurance is in force. AUTHORITY reserves the right to require a certified copy of each certificate upon request. AIRLINE shall name AUTHORITY as an additional insured on such insurance policy or policies. Said
policies shall be issued by 

  
 23 

	 	
insurance companies registered to do business in the State of New Jersey with not less than an A- rating, and in a form and content satisfactory to
AUTHORITY and shall provide for thirty (30) days advance written notice to AUTHORITY prior to the cancellation of or any adverse material change in such policies. AIRLINE’s failure to provide and/or maintain the required insurance coverage
as set forth herein shall be an event of default and subject to immediate termination of the Agreement at the sole discretion of the AUTHORITY. AIRLINE shall not operate in any capacity if it is in violation of any insurance requirement. AIRLINE
expressly understands and agrees that any insurance protection required by this Agreement shall in no way limit the obligations assumed by AIRLINE pursuant to this Agreement and shall not be construed to relieve AIRLINE of liability in excess of
such coverage, or shall it preclude AUTHORITY from taking such other actions as are available to it under any other provisions of this Agreement or otherwise in law or equity. This coverage shall be primary to any insurance of AUTHORITY and shall
not be contributing with any other insurance or similar protection available to AUTHORITY whether other available insurance is primary, contributing, or excess. 

10.03 Waiver of Subrogation. AUTHORITY and AIRLINE hereby mutually waive any and all rights of recovery against the other party arising out of
damage or destruction of the buildings, Airline Premises, or any other property from causes included under any property insurance policies to the extent such damage or destruction is covered by the proceeds of such policies and whether or not such
damage or destruction shall have been caused by the parties, their officers employees, or agents, but only to the extent that the insurance policies then in force permit such waiver. All policies of insurance shall contain, to the extent available,
this waiver of subrogation provision and the cost of such provision shall be borne by the primary insured. 
 ARTICLE 11 

CANCELLATION BY AUTHORITY 
 11.01
Events of Default. The events described below shall be deemed events of default by AIRLINE hereunder: 
 A. Upon the occurrence of any of the
following events or at any time thereafter during the continuance thereof AUTHORITY may terminate this Agreement upon five (5) days’ written notice with such termination to be effective upon the date specified in such notice upon the
occurrence of any of the following events or at any time thereafter: 
 1. The AIRLINE shall become insolvent, or shall take the benefit of
any present or future insolvency statute, or shall make a general assignment for the benefit of creditors, or file a voluntary petition in bankruptcy or a petition or an answer seeking an arrangement or its reorganization or the readjustment of its
indebtedness under the federal bankruptcy laws or under any other law or statute of the United States or of any State thereof or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its property: or 

  
 24 

 2. By order of decree of a court the AIRLINE shall be adjudged bankrupt or any order shall
be made approving a petition filed by any of the creditors or, if the AIRLINE is a corporation, by any of its stockholders seeking its reorganization or the readjustment of its indebtedness under the federal bankruptcy laws or under any law or
statute of the United States or of any State thereof; or 
 3. A petition under any part of the federal bankruptcy laws or an action under
any present or future insolvency law or statute shall be filed against the AIRLINE and shall not be dismissed within thirty (30) days after the filing thereof; or 

4. Except as may be provided in the Section of this Agreement entitled “Assignment,” the interest of AIRLINE under this Agreement
shall be transferred to, pass to or revoke upon, by operation of law or otherwise, any other person, firm or corporation; or 
 5. The
AIRLINE, if a corporation, shall without the prior written approval of AUTHORITY, which approval may be withheld for any reason or for no reason, become a successor or merged corporation in a merger, a constituent corporation in a consolidation, or
a corporate in dissolution; or 
 6. By or pursuant to, or under authority of any legislative act, resolution or rule, or any order or
decree of any court or governmental board, agency or officer having jurisdiction, a receiver, trustee, or liquidator shall take possession or control of anyor substantially all of the Airline Premises and such possession or control shall continue in
effect for a period of twenty (20) working days; or 
 7. The AIRLINE shall voluntarily abandon, desert or vacate the Airline Premises
or discontinue its operations at the Airport, or, after exhausting or abandoning any right of further appeal, the AIRLINE shall be prevented for a period of sixty (60) days by action of any governmental agency having jurisdiction thereof from
conducting its operations at the Airport, regardless of the fault of the Lessee; or 
 8. Any lien is filed against the Airline Premises,
property or aircraft because of any act or omission of the AIRLINE and is not removed within forty-five (45) days after notice to the AIRLINE thereof; or 

9. The AIRLINE shall fail to pay in a timely fashion the rents or to make any other payment required hereunder when due to AUTHORITY and
shall persist in its failure for a period of ten (10) days following the receipt of written notice of such default from AUTHORITY; or 

  
 25 

 10. The AIRLINE shall fail to keep, perform and observe each and every other promise and
agreement set forth in this Agreement on its part to be kept, performed, or observed, within ten (10) days after receipt of notice of default thereunder from AUTHORITY (except where fulfillment of its obligation requires activity over a period
of time, and the AIRLINE shall have commenced substantially to perform whatever may be required for fulfillment within ten (10) days after receipt of notice and continues diligently such substantial performance without interruption except for
causes beyond its control). Notwithstanding anything contained in this subparagraph 10 to the contrary, if any action on the part of the AIRLINE shall impact on AUTHORITY’S ability to be awarded FAA grants, AIRLINE shall cease such action
immediately upon receipt of notice; or 
 11. There shall be an occurrence of any of the events of default resulting in termination of any
other lease or other agreements or permits between the AIRLINE and AUTHORITY at the Airport. 
 B. No acceptance by the AUTHORITY of fees,
charges, or other payments in whole or in part for any period or periods after a default of any of the terms, agreements and conditions hereof to be performed, kept or observed by the AIRLINE shall be deemed a waiver of any right on the part of
AUTHORITY to terminate this Agreement. 
 C. No waiver by AUTHORITY of any default on the part of the AIRLINE in performance of any of the
terms, covenants or conditions hereof to be performed keep or observed by the AIRLINE shall be or be construed to be a waiver by AUTHORITY of any other or subsequent default in performance of any of the valid terms, agreements and conditions 

D. If an agreement is made for the construction, renovation or modification of a terminal building, AUTHORITY has the option to terminate this
Agreement within sixty (60) days of a written notice to the AIRLINE, thereafter, AUTHORITY will be responsible for any and all relocation costs and/or temporary facilities necessary for the AIRLINE’s operation to the extent AUTHORITY is
reimbursed for such costs from third parties. 
 E. The rights of the AUTHORITY to terminate this Agreement shall be in addition to any
other rights and/or remedies that the AUTHORITY has at law or in equity following any breach of this Agreement by the AIRLINE, and the exercise by the AUTHORITY of any right of termination shall be without prejudice to any other rights and remedies,
except in the event of a termination pursuant to that portion of Subsection A(7) reading (After exhausting or abandoning any right of further appeal, the AIRLINE shall be prevented for a period of sixty (60) days by action of any governmental
agency having jurisdiction thereof, from conducting its operations at the airports, regardless of default of the AIRLINE) the sole remedy of the AUTHORITY shall be a right of termination if AIRLINE has not otherwise breached this Agreement or
otherwise defaulted in AIRLINE’s obligations). 
 11.02 Continuing Responsibilities of AIRLINE. Notwithstanding the occurrence of any
event of default, AIRLINE shall remain liable to AUTHORITY for all rentals, fees, and charges payable hereunder and for all preceding breaches of any covenant of this Agreement. Furthermore, unless AUTHORITY elects to cancel this Agreement, AIRLINE
shall remain liable for and promptly pay all rentals, fees, and charges accruing hereunder until termination of this Agreement as set forth in Article 3 or until this Agreement is terminated by AIRLINE pursuant to this Article 11. 

  
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 11.03 AUTHORITY’s remedies. Upon the occurrence of any event enumerated in
Sections 11.01(A), or 12.01(B), the following remedies shall be available to AUTHORITY: 
 A. AUTHORITY may exercise any remedy provided
by law or in equity, including specific performance, including but not limited to the remedies hereinafter specified. 
 B. AUTHORITY may
terminate this Agreement, effective upon the date specified in the notice of termination. For events enumerated in Section 10.01(A), such date shall be not less than thirty (30) days from said notice. Upon such date, AIRLINE shall be
deemed to have no further rights hereunder and AUTHORITY shall have the right to take immediate possession of the Airline Premises. 
 C.
AUTHORITY may reenter the Airline Premises and may remove all AIRLINE persons and property from same upon the date of reentry specified in AUTHORITY’s written notice of reentry to AIRLINE. For events enumerated in Section 11.01 (A),
reentry shall be not less than thirty (30) days from the date of notice of reentry. Upon any removal of AIRLINE property by AUTHORITY hereunder, AIRLINE property may be stored at a public warehouse or elsewhere at AIRLINE’s sole cost and
expense. 
 D. AUTHORITY may relet the Airline Premises and any improvements thereon or any part thereof at such rentals, fees, and charges
and upon such other terms and conditions as approved by the AUTHORITY, in its sole discretion, may deem advisable, with the right to make alterations, repairs of improvements on said Airline Premises. In reletting the Airline Premises, AUTHORITY
shall be obligated to make a good faith effort to obtain terms no less favorable to AUTHORITY than those contained herein and otherwise seek to mitigate any damages it may suffer as a result of AIRLINE’s event of default. 

E. In the event that AUTHORITY relets Airline Premises, rentals, fees, and charges received by AUTHORITY from such reletting shall be applied:
(i) to the payment of any indebtedness other than rentals, fees, and charges due hereunder from AIRLINE to AUTHORITY; (ii) to the payment of any cost of such reletting; and (iii) to the payment of rentals, fees, and charges due and unpaid
hereunder. The residue, if any, shall be held by AUTHORITY and applied in payment of future rentals, fees, and charges as the same may become due and payable hereunder. If that portion of such rentals, fees, and charges received from such reletting
and applied to the payment of rentals, fees, and charges hereunder is less than the rentals, fees, and charges payable during applicable periods AIRLINE hereunder, then AIRLINE shall pay such deficiency to AUTHORITY. AIRLINE shall also pay to
AUTHORITY, as soon as ascertained, any costs and expenses incurred by AUTHORITY in such reletting not covered by the rentals, fees, and charges received from such reletting including reasonable attorney fees, costs and professional and other fees.

  
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 F. No reentry or reletting of Airline Premises by AUTHORITY shall be construed as an
election on AUTHORITY’S part to terminate this Agreement unless a written notice of termination is given to AIRLINE 
 G. AIRLINE shall
pay to AUTHORITY all other costs, incurred by AUTHORITY in the exercise of any remedy in this Article 11, including, but not limited to, reasonable attorney fees, disbursements, court costs, costs, fees and expert fees. 

11.04 Remedies Under Federal Bankruptcy Laws. Notwithstanding the foregoing, upon the filing by or against AIRLINE of any proceeding under
Federal bankruptcy laws, if AIRLINE has defaulted in the performance of any provision of this Agreement within the six (6) months preceding such filing, AUTHORITY shall have the right to terminate this Agreement, in addition to other remedies
provided under provisions of the Federal Bankruptcy Rules and Regulations and Federal Judgeship Act of 1984, as such may be subsequently amended, supplemented, or replaced. Such termination shall be by written notice to AIRLINE within sixty
(60) days from the date of AIRLINE’s initial filing in bankruptcy court. 
 ARTICLE 12 

SURRENDER OF AIRLINE PREMISES 

12.01 Surrender and Delivery. Upon termination or cancellation of this Agreement, AIRLINE shall promptly and peaceably surrender to AUTHORITY
the Airline Premises and. all improvements thereon to which AUTHORITY is entitled pursuant to this Agreement in good and fit condition, reasonable wear and tear excepted; provided, however, nothing in this Section 12.01 shall be construed to
modify the obligations of the Parties set forth in Article 8, Article 9, and Article 10. 
 12.02 Removal of Property. Provided AIRLINE is
not in default for payment of rentals, fees and charges hereunder, AIRLINE shall have the right at any time during the Term of this Agreement to remove from the Airport its aircraft, tools, equipment, trade fixtures, and other personal property,
title to which shall remain in AIRLINE, unless otherwise set forth in this Agreement, and shall remove such aircraft, tools, equipment, trade fixtures, and other personal property within fifteen (15) business days following termination of this
Agreement, whether by expiration of time or otherwise, as provided herein, except if it is subject to any valid lien which AUTHORITY may have thereon for unpaid rentals, fees, and charges. AIRLINE shall not abandon any portion of its property at the
Airport without the written consent of AUTHORITY. Any and all property not removed by AIRLINE within fifteen (15) business days following the date of termination of this Agreement shall, at the option of AUTHORITY, (i) become the property
of AUTHORITY at no cost to the AUTHORITY; (ii) be stored by AUTHORITY with the cost of such storage being borne by the AIRLINE; or (iii) be sold at public or private sale with the cost of 

  
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 such sale being borne by the AIRLINE and proceeds from the sale shall be the property of the AUTHORITY.
Except as may be agreed to otherwise by AUTHORITY and AIRLINE, all AUTHORITY property damaged by or as a result of the removal of AIRLINE’s property shall be restored by AIRLINE to the condition existing before such damage at AIRLINE’s
sole expense. 
 12.03 Holding Over. In the event AIRLINE uses its Airline Premises without the written consent of AUTHORITY after this
Agreement has been terminated or expires, Airline shall be deemed a tenant at sufferance during the period of such use and shall pay rates equal to two times the rate for rentals, fees, and charges established by AUTHORITY for Air Transportation
Companies which are not Signatory Airlines during such period. In such event, AUTHORITY shall have the right to all remedies provided under applicable laws; provided, however, AUTHORITY’s consent shall not be unreasonably withheld during any
period of good faith lease negotiations between AIRLINE and AUTHORITY. 
 ARTICLE 13 

ASSIGNMENT, TRANSFER AND SUBLETTING 

13.01 Assignment and Subletting by AIRLINE. 

A. In the event that AIRLINE shall, directly or indirectly, assign, sell, hypothecate, or otherwise transfer this Agreement, or any
portion of Airline Premises, without the prior written consent of the AUTHORITY, the AUTHORITY, in its sole discretion may terminate this Agreement upon thirty (30) days written notice. For purposes of this provision, such transfer shall
include any change in the ownership and control of AIRLINE from that existing on the Effective Date to any of the following: (i) the transfer to any individual, corporation, partnership, or other entity of direct or indirect beneficial
ownership of a portion of any class of outstanding voting securities of AIRLINE which results in excess of fifty (50) percent ownership thereof; (ii) an issuance, transfer, purchase, or exchange of all or a portion of the securities of
AIRLINE or of a subsidiary corporation of AIRLINE or the creation, transfer, purchase, or exchange of any rights or privileges thereunder; or (iii) the transfer, purchase or exchange of all or a portion of the assets of AIRLINE or of a
subsidiary corporation of AIRLINE, which causes or results in a change in the relationship between AIRLINE and a subsidiary corporation of AIRLINE, or AIRLINE and the holders of the securities of AIRLINE, or the creation of another corporation for
the purpose, among others, of accepting and holding securities of AIRLINE, or which places control of AIRLINE in a single entity, or which affects, causes or results in a transfer or change in the entity exercising control over AIRLINE. 

B. AIRLINE shall not sublease Airline Premises without the prior written consent of AUTHORITY, which consent may be withheld by AUTHORITY in
its sole discretion. 

  
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 C. AIRLINE shall include with its request for permission to assign or sublease, a copy of
the proposed assignment or sublease agreement. The assignment or sublease agreement submitted with AIRLINE’s request shall include the following information: (i) the term; (ii) the area or space to be assigned or subleased;
(iii) the sublease rentals to be charged; and (iv) the provision that assignee or sublessee must execute a separate operating agreement with AUTHORITY. Any other information reasonably requested by AUTHORITY pertaining to said sublease or
assignment shall be promptly provided by AIRLINE. AIRLINE shall remain liable to AUTHORITY under this Agreement in any sublease. A fully executed copy of such sublease or assignment shall be submitted to AUTHORITY for final approval prior to any
sublessee’s occupancy. 
 D. In the event the rentals, fees, and charges for subleased premises exceed the rentals, fees, and charges
payable by AIRLINE for said premises pursuant to this Agreement, AIRLINE shall pay to AUTHORITY the excess of the rentals, fees, and charges received from the sublessee over that specified to be paid by AIRLINE herein; provided, however, AIRLINE may
charge a reasonable fee for administrative costs, not to exceed fifteen percent (15%) of the specified sublease rental and such fee shall not be considered part of excess rentals, fees, and charges. AIRLINE may also charge a reasonable fee to others
for the use of AIRLINE’s capital equipment and to charge for use of utilities and other services being paid for by AIRLINE. 
 E.
Nothing in this Article 13 shall be construed to release AIRLINE from its obligations under this Agreement, including but not limited to, the payment of rentals, fees, and charges provided herein in the event an assignment or sublease is approved by
the AUTHORITY. 
 ARTICLE 14 

AVAILABILITY OF ADEQUATE FACILITIES 

14.01 Declaration of Intent. The Parties acknowledge the objective of AUTHORITY to offer to all Air Transportation Companies desiring to serve
Airport access to the Airport and to provide adequate gate positions and space in the Terminal. Recognizing that physical and financial limitations may not provide Terminal and Aircraft Apron areas at all times for additional facilities, AUTHORITY
hereby states its intent to pursue the objective of achieving an optimum balance in the overall utilization of Terminal and Aircraft Apron areas to be achieved, if necessary, through sharing from time to time, of gate positions and other passenger
handling facilities and equipment subject to existing agreements and leases. The AIRLINE agrees to accommodate any new entrant airline operations upon the AUTHORITY’s request to do so. 

14.02 Indemnification by accommodated Air Transportation Company. During the period of use of AIRLINE’s facilities by a Scheduled Air
Carrier pursuant to this Article 14, AUTHORITY shall require such accommodated Scheduled Air Carrier to agree in writing to indemnify AUTHORITY and AIRLINE in the manner and to the extent required of AIRLINE, pursuant to Article 10 hereof. 

  
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 14.03 This Agreement applies only to the Airline Premises and does not include any rights to
any areas in any terminal expansion which may be constructed by the Authority during the Term. The Authority reserves the right to negotiate a separate agreement for utilization of any space in any terminal expansion. 

ARTICLE 15 
 GOVERNMENT INCLUSION

 15.01 Government Agreements. This Agreement shall be subordinate to the provisions of any existing or future agreements between AUTHORITY
and the United States Government or other governmental authority, relative to the operation or maintenance of the Airport, the execution of which has been or will be required as a condition precedent to the granting of Federal or other governmental
funds for the development of the Airport, to the extent that the provisions of any such existing or future agreements are generally required by the United States or other governmental authority of other civil airports receiving such funds. AUTHORITY
agrees to provide AIRLINE written advance notice of any provisions which would adversely modify the material terms of this Agreement. 

15.02 Federal Government’s Emergency Clause. All provisions of this Agreement shall be subordinate to the rights of the United States of
America to operate the Airport or any part thereof during time of war or national emergency or force majeure. Such rights shall supersede any provisions of this Agreement inconsistent with the operations of the Airport by the United States of
America. 
 15.03 Nondiscrimination. 

A. AIRLINE for itself, its personal representatives, successors in interest, and assigns, as a part of the consideration hereof, does hereby
agree as a covenant running with the land that (i) no person on the grounds of race, creed, color, national origin, sex, age or handicap shall be excluded from participation in, denied the benefits of, or be otherwise subjected to
discrimination in the use of Airline Premises, (ii) in the construction of any improvements on, over, or under Airline Premises and the furnishing of services thereon, no person on the grounds of race, creed, color, national origin, sex, age or
handicap shall be excluded from participation in, denied the benefits of or be otherwise subjected to discrimination, (iii) AIRLINE shall use the Airline Premises in compliance with all other requirements imposed by or pursuant to 14 C.F.R.
152, Title VI of the Civil Rights Act of 1964 and 49 C.F.R. Part 21, Nondiscrimination in Federally Assisted Programs of the Department of Transportation, and as said Title and Regulations may be amended, and (iv) AIRLINE agrees to
furnish service on a fair, equal and not unjustly discriminatory basis to all users thereof and to charge fair, reasonable, and not unjustly discriminatory prices for each unit or service, provided, that AIRLINE may be allowed to make reasonable and
nondiscriminatory discounts, rebates, or other similar types of price reductions to volume purchasers. 

  
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 B. AIRLINE acknowledges that the provisions of 49 C.F.R., Part 26, Disadvantaged
Business Enterprises (DBE), as said regulations may be amended, and such other similar regulations may be enacted, may be applicable to the activities of AIRLINE under the terms of this Agreement, unless exempted by said regulations, and hereby
agrees to comply with the FAA and the U.S. Department of Transportation, in reference thereto. These requirements may include, but not be limited to, compliance with DBE participation goals, the keeping of certain records’ of good faith
compliance efforts, which would be subject to review by the various agencies, the submission of various reports and, if so directed, the contracting of specified percentages of goods and services contracts to DBE. 

C. In the event of breach of any of the above nondiscrimination covenants, AUTHORITY shall have the right to terminate this Agreement after
such action as the United States Government may direct to enforce this covenant has been followed and completed, including exercise or expiration of appeal rights. 

15.04 Security. 
 A. TSA
Program. In accordance with regulations issued by the U.S. Department of Transportation, Transportation Security Administration (“TSA”) and found at 49 C.F.R Part 1542, airports are required to have TSA approved security
programs. These programs are designed to control access to certain areas of airports and to control the movement of people and vehicles within these areas. 

1. The AUTHORITY has a TSA approved security program for the Airport. Because of the location of the Airport Premises within the Airport and
the activities to take place thereon, AIRLINE is required at all times during the Term, to have in place and operational a security program for its operations at the Airline Premises. At all times during the Term, AIRLINE’s security program
must be in compliance with 49 C.F.R Part 1542 and all other applicable laws and regulations from time to time enacted or promulgated, must be consistent and compatible in all respects with the AUTHORITY’s overall security program for the
Airport, and must be acceptable to the AUTHORITY and TSA, in their sole discretion. 
 2. AIRLINE, shall be responsible for any breach of
security on the Airline Premises which occurs as a result of the negligence and/or willful misconduct of AIRLINE, its agents, directors, officers, owners, employees, members, contractors, subcontractors, subtenants, airlines or invitees and AIRLINE
further agrees to indemnify, hold harmless and defend the AUTHORITY and Firm, its successors and assigns, from and against any and all damages, penalties, fines, claims and costs resulting directly or indirectly from the breach of AIRLINE’s
responsibilities, covenants and agreements as set forth herein 
 3. In connection with its operations, AIRLINE may receive, gain access to
or otherwise obtain certain knowledge and information related to AUTHORITY’s overall Airport security program. AIRLINE acknowledges that all such knowledge and information is of a highly confidential nature. AIRLINE covenants and agrees that no
person, whether an officer or employee of AIRLINE or a third party, shall be permitted or gain access to such knowledge and 
  

  
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 information unless such person has been approved by AUTHORITY in advance in writing, which approval may be
granted or withheld by AUTHORITY in its sole discretion. AIRLINE further agrees to indemnify, hold harmless and defend AUTHORITY and other users of the Airport from and against any and all claims, costs, expenses, damages and liabilities, including
but not limited to all attorneys’ fees and costs, resulting directly or indirectly from a breach of AIRLINE’s covenants and agreements as set forth herein. 

15.05 Storm water Regulations. 

A. Acknowledgments. Notwithstanding any other provisions or terms of this Agreement: 

1. AIRLINE acknowledges that the AUTHORITY is subject to 40 C.F.R. Part 122, federal storm water regulations, for vehicle maintenance
shops (including vehicle rehabilitation, mechanical repairs, painting, fueling and lubrication), aircraft, equipment cleaning operations and, as applicable, state stormwater regulations found at N.J.A.C.
7:14A-1 et seq.. AIRLINE further acknowledges that it is familiar with these stormwater regulations; that it conducts or operates vehicle maintenance, equipment cleaning operations and/or deicing
activities as defined in the federal and state stormwater regulations; and that it is aware that there are significant penalties for submitting false information, including fines and imprisonment for knowing violations. . 

2. AIRLINE acknowledges that it will take steps necessary and as required by the AUTHORITY and by the applicable regulations for the Airport,
for the NJDEP permit for discharge to surface water, including the Premises occupied and operated by AIRLINE. AIRLINE acknowledges that the stormwater discharge permit issued to the AUTHORITY may name AIRLINE as a
co-permittee. 
 3. AUTHORITY and AIRLINE both acknowledge that close cooperation is necessary to
ensure compliance with any storm water discharge permit terms and conditions, as well as to ensure safety and to minimize costs. AIRLINE acknowledges and agrees that it will undertake all necessary actions to minimize the exposure of stormwater (and
snow melt) to” significant materials,” generated, stored, handled or otherwise used by AIRLINE, by implementing and maintaining “Best Management Practices”. These terms are defined in the federal stormwater regulations as
follows: (a) “significant materials” include, but are not limited to: raw materials; fuels, (including, but not limited to petroleum 2. f1d petroleum distillates), materials such as solvent, detergents and plastic pellets; finished
materials such as metallic products; raw materials used in food processing or production; hazardous substances designated under Section 101(14) of CERCLA; any chemical the facility is required to report pursuant to Section 313 of title III of
SARA.; fertilizers; pesticides; deicing fluids; waste products such as ashes, slag and sludge that have a potential to be released with Stormwater discharges (see 40 C.F.R. 122.26(b)(12)); and (b) “Best Management Practices” (BMP)
describes practices employed to prevent or reduce source water pollution, such as the construction of runoff-retention basins and replanting eroding surfaces including all of the above as amended 

 

  
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 B. Permit Compliance. The AUTHORITY will provide AIRLINE with written notice of those
stormwater discharge permit requirements that AIRLINE will be obligated to perform including, but not limited to: certification of non-stormwater discharges; collection of stormwater samples; preparation of
stormwater pollution prevention or similar plans; implementation of good housekeeping measures and BMP; and maintenance of necessary records. Such written notice shall include applicable deadlines. Within seven (7) days of AIRLINES receipt of
such written notice, AIRLINE shall notify the AUTHORITY in writing of its dispute of any of the stormwater discharge permit requirements it has been directed to undertake and the reasoning and justification as a basis for such dispute.
AIRLINE’s failure to provide such timely notice will be deemed an assent by AIRLINE to undertake performance as required. If AIRLINE provides the AUTHORITY with timely written notice of its dispute and justification therefore, AUTHORITY agrees
to reconsider applicability of disputed provisions and AIRLINE agrees to abide by AUTHORITY’s decision as reconsidered, AIRLINE warrants that it will not object to written notice from the AUTHORITY for purposes of delay or avoiding compliance.
AIRLINE agrees to undertake, at its sole expense those stormwater discharge permit requirements for which it has received written notice of responsibility from the AUTHORITY. AIRLINE warrants that it shall meet any and all deadlines that may be
imposed on or agreed to by the AUTHORITY and AIRLINE. AIRLINE acknowledges that time is of the essence. AUTHORITY agrees to provide AIRLINE, at its request, with any non-privileged information collected and
submitted to any governmental entity or entities pursuant to applicable stormwater regulations. AIRLINE agrees that the terms and conditions of the AUTHORITY’s storm water discharge permit may change from time to time and hereby appoints the
AUTHORITY as its agent to represent its interests concerning permit modifications by the governmental agencies involved. The AUTHORITY will give AIRLINE written notice of any breach of the AUTHORITY’s stormwater discharge permit or the
provisions of this Article and AIRLINE agrees to immediately undertake and diligently pursue the cure of such, breach. If AIRLINE fails to cure any breach, or if such breach is material and of a continuing nature, the AUTHORITY may seek any and all
remedies provided herein or otherwise provided by law to terminate the Agreement and repossess the Premises. 
 C. Indemnification.
Notwithstanding any other provision of this Agreement, AIRLINE agrees to indemnify and hold harmless the AUTHORITY, the Firm and other tenants of AUTHORITY from and against any and all claims, demands, costs, fees (including attorneys and other fees
and cost), fines, penalties, charges and demands by and liability directly or indirectly ensuing from Lessee’s actions or omissions, including failure to comply with Lessee’s obligations under this Article, the applicable storm water
regulations and storm water discharge permit, unless the result of AUTHORITY’s sole negligence. This indemnification shall survive any termination, cancellation or non-renewal of this Agreement. 

  
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 ARTICLE 16 

SUBORDINATION 
 16.01 This
Agreement shall be subject and subordinate at all times to the lien of any mortgages and/or ground leases and/or other encumbrances now or hereafter placed on the Exclusive Use Space or Joint Use Space without the necessity of any further instrument
or act on the part of the AIRLINE to effectuate such subordination, but the AIRLINE covenants and agrees to execute and deliver upon demand such further instrument or instruments evidencing such subordination of this Agreement to the lien of any
such mortgage or mortgages and/or ground lease and/or other encumbrances as shall be desired by any mortgagee or proposed mortgagee or by any person. AIRLINE hereby appoints AUTHORITY
attorney-in-fact of AIRLINE irrevocably to execute and deliver any such instrument for an in the name of AIRLINE. Notwithstanding the foregoing, the party secured by any
such mortgage, ground lease or encumbrance (the “Secured Party”) shall have the right and duty to recognize this Agreement and, in the event of any foreclosure sale or other possession by a Secured Party, this Agreement shall continue in
full force and effect at the option of the Secured Party, and AIRLINE shall execute, acknowledge and deliver any instrument that has for its purpose and effect a subordination to the lien of this Agreement. 

16.02 Rights of Mortgagee. In the event of any act or omission of AUTHORITY which would give AIRLINE the right, immediately or after lapse of
a period of time, to cancel or otherwise terminate this Agreement, or to claim a partial or total eviction, AIRLINE shall not exercise such right until (a) it has given written notice of such act or omission to the holder of each such mortgage
or ground lease whose name and address shall previously have been furnished to AIRLINE in writing; and (b) until a reasonable period being not less than ninety (90) days for remedying such act or omission shall have elapsed following the
giving of such notice. 
 ARTICLE 17 

LIEN 
 17.01 To secure all of its
obligations under the Agreement, AIRLINE hereby grants AUTHORITY a security interest in the personal property and all fixtures located at the Exclusive Use Premises and Joint Use Premises necessary, useful or desirable in connection with the
operation of AIRLINE’S Air Transportation Business, including, without limitation, al furniture, fixtures, equipment, machinery, furnishings, inventory, goods, appliances and other property of every kind and nature whatsoever and agrees to
execute all documents including UCC documents necessary to perfect same and consents to the Authority’s recording with the applicable county clerk of the security instrument.. 

ARTICLE 18 
 ESTOPPEL CERTIFICATES

 18.01 AIRLINE shall, from time to time, upon written request of AUTHORITY, execute, acknowledge and deliver to AUTHORITY or its designee
a written statement stating the date this Agreement was executed and the date it expires; the date AIRLINE entered into occupancy of the Exclusive Use Space and Joint Use Space; the amount of minimum Fees and the date to which such Fees have been
paid; and certifying that this Agreement, at that time, is in full force and effect 

  
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 and has not been assigned, modified, supplemented or amended in any way; that this Agreement represents the
entire agreement between the parties; that all conditions under this Agreement to be performed by the AUTHORITY have been satisfied; that on the specified date there are no existing defenses or offsets with the AIRLINE has against the enforcement of
this Agreement by AUTHORITY; that no Fees have been paid in advance (or specifying any Fees that have been paid in advance); and any other requested matter affecting this Agreement and any statements by AIRLINE affecting the correctness of the
requested statements. It is intended that any such statement delivered pursuant to this Article may be relied upon by a prospective purchaser of AUTHORITY’S interest or a mortgagee of AUTHORITY’S interest or assignee of any mortgage upon
AUTHORITY’S interest in the Exclusive Use Premises and Joint Use Premises. 
 ARTICLE 19 

GENERAL PROVISIONS 
 19.01 Non
waiver. No waiver of default by either Party of any of the terms, covenants, or conditions of this Agreement to be performed, kept, and observed by the other Party shall be construed to be or act as a waiver of any subsequent default of any of the
terms, covenants, and conditions to be performed, kept, and observed by the other Party and shall not be deemed a waiver of any right on the part of the other Party to terminate this Agreement as provided herein. 

19.02 Rights Non-Exclusive. Notwithstanding anything herein contained that may be or appear to the
contrary, the rights, privileges, and licenses granted under this Agreement, except in Exclusive Use Premises, are “nonexclusive” and AUTHORITY reserves the right to grant similar privileges to others. 

19.03 Quiet Enjoyment. 
 A.
AUTHORITY agrees that, so long as AIRLINE’s payment of rentals, fees, and charges is timely and AIRLINE keeps all covenants and agreements contained herein, AIRLINE shall peaceably have and enjoy its Airline Premises and all rights, privileges,
and licenses of the Airport, its appurtenances and facilities granted herein, subject to the terms and conditions herein contained. 
 B.
Consistent with the nature of AIRLINE’s business, AIRLINE agrees that occupancy of the Airline Premises will be lawful and quiet and that it will not knowingly use or permit the use of Airline Premises in any way that would violate the terms of
this Agreement, create a nuisance, or disturb other tenants or the general public. AIRLINE shall be responsible for the activity of its officers, employees, agents, and others under its control with respect to this provision. 

C. The Parties expressly agree that smoking is prohibited in all Exclusive Use Premises on the Airline Premises. Smoking is only permitted in
designated smoking areas on the Airline Premises, if any are so designated. 

  
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 19.04 Performance. The Parties expressly agree that time is of the essence in this
Agreement. Failure by a party to complete performance within the time specified, or within a reasonable time if no time is specified herein, shall relieve the other Party, without liability, of any obligation to accept such performance. 

19.05 Aviation Rights. AUTHORITY reserves unto itself, its successors, and assigns for the use and benefit of the public, a right of flight
for the passage of aircraft in the airspace above the surface of the Airport including Airline Premises, for navigation or flight in the said airspace for landing on, taking off from, or operating at the Airport. 

19.06 Rules and Regulations. 

A. AIRLINE, its officers, employees, agents, and others under its control shall observe and obey all laws, regulations, and orders of the
federal, state, county, and municipal governments which may be applicable to AIRLINE’s operations at the Airport. 
 B. AUTHORITY may
from time to time adopt, amend, or revise reasonable and nondiscriminatory rules and regulations for the conduct of operations at the Airport, for reasons of safety, health, preservation of the property, or for the maintenance of the good and
orderly appearance of the Airport. AIRLINE, its officers, employees, agents, and others under its control shall faithfully comply with and observe such rules and regulations, except as they may conflict with regulations of another governmental
authority having appropriate jurisdiction. AUTHORITY shall notify AIRLINE in advance of any amendments or supplements to such rules and regulations that would adversely materially alter the terms of this Agreement. 

C. AIRLINE shall be strictly liable and responsible for obtaining, maintaining current, and fully complying with, any and all permits,
licenses, and other governmental authorizations, however designated, as may be required at any time throughout the entire Term of this Agreement by any federal, state, or local governmental entity or any court of law having jurisdiction over AIRLINE
or AIRLINE’S operations and activities. 
 19.07 Inspection. AUTHORITY and its authorized officers, employees, contractors,
subcontractors, and other representatives shall have the right to enter upon any of the Airline Premises for the following purposes: 
 A. To
inspect such premises at reasonable intervals during regular business hours (or at any time in case of emergency) to determine whether the AIRLINE has complied and is complying with the terms and conditions of this Agreement with respect to such
premises. 
 B. To perform maintenance and make repairs and replacements in any case where the AIRLINE is obligated so to do and has failed
after reasonable written notice so to do, in which event the AIRLINE shall reimburse the AUTHORITY for the reasonable cost thereof promptly upon demand. 

  
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 C. To perform maintenance and make repairs and replacements in any case where the AIRLINE is
obligated so to do; and in any other case where the AUTHORITY, in its reasonable judgment, determines that it is necessary or desirable so to do in order to preserve the structural safety of such premises or the building in which they are located or
to correct any condition likely to cause injuries or damages to persons or property. 
 D. In the exercise of the AUTHORITY’s police
power. No such entry by or on behalf of the AUTHORITY upon any premises leased to the AIRLINE shall cause or constitute a termination of the letting thereof or be deemed to constitute an interference with the possession thereof by the AIRLINE. 

19.08 No Individual Liability. No member, officer, agent, director, or employee of AUTHORITY shall be charged personally or held contractually
liable by or to the other Party under the terms or provisions of this Agreement or because of any breach thereof or because of its or their execution or attempted execution. 

19.09 Relationship of Parties. Nothing contained herein shall be deemed or construed by the Parties hereto, or by any third party, as creating
the relationship of principal and agent, partners, joint ventures, or any other similar such relationship between the Parties hereto. It is understood and agreed that neither the method of computation of rentals, fees, and charges, nor any other
provisions contained herein, nor any acts of the Parties hereto, creates a relationship other than the relationship of landlord and tenant. 

19.10 Capacity to Execute. The individuals executing this Agreement personally warrant that they have full authority to execute this Agreement
on behalf of the entity for whom they are acting herein. 
 19.11 Successors and Assigns Bound. This Agreement shall be binding upon and
inure to the benefit of the successors and assigns of the Parties hereto. 
 19.12 Incorporation of Exhibits. All exhibits and attachments
referred to in this Agreement are intended to be and are hereby specifically made a part of this Agreement. 
 19.13 Title. Section titles
are inserted only as a matter of convenience and for reference, and in no way define, limit, or describe the scope or extent of any provision of this Agreement. 

19.14 Severability. In the event that any covenant, condition, or provision of this Agreement is held to be invalid by any court of competent
jurisdiction, the invalidity of such covenant, condition, or provision shall not materially prejudice either AUTHORITY or AIRLINE in their respective rights and obligations contained in the valid covenants, conditions, or provisions of this
Agreement. . 

  
 38 

 19.15 Amendments. This Agreement constitutes the entire agreement between the Parties.
Except as provided in Sections 4.01 and 7.02, no amendment, modification or alteration of the terms of this Agreement shall be binding unless the same be in writing, dated subsequent to the date hereof, and duly executed by the Parties hereto. 

19.16 Non-Exclusive Rights. It is understood and agreed that nothing contained herein shall be
construed to grant or authorize the granting of an exclusive right within the meaning of Section 308(a) of the Federal Aviation Act of 1958. 

19.17 Other Agreements. Unless expressly set forth herein, nothing contained in this Agreement shall be deemed or construed to nullify,
restrict, or modify in any manner the provisions of any other lease, contract or agreement of which the AUTHORITY is a party. 
 19.18
Approvals. 
 A. Unless otherwise stated, whenever this Agreement requires approval by AUTHORITY, such approval shall be evidenced by the
written approval of the Executive Director or by resolution of the Board if applicable 
 B. Any approval required by either Party to this
Agreement shall not be unreasonably withheld or delayed. 
 19.19 Notice. 

A. All notices, requests, consents, and approvals served or given under this Agreement shall be served or given in writing by certified or
registered mail. If intended for AUTHORITY, notices shall be delivered to: 
 SOUTH JERSEY TRANSPORTATION AUTHORITY 

Farley Service Plaza 
 P.O. Box 351

 Hammonton, NJ 08037 
 ATTN:
Airport Director 
 or to such other address as may be designated by AUTHORITY by written notice to AIRLINE. 

B. Notices to AIRLINE shall be delivered to: 

GLOBAL CROSSING AIRLINES 
 Building
5A, 4200 NW 36th Street 
 Miami Int’l Airport, Miami, FL 33166 

ATTN; Ryan Goepel, EVP & CFO 
 or to such
other address as may be designated by AIRLINE by written notice to AUTHORITY. 

  
 39 

 19.20 Agent For Service. It is expressly understood and agreed that if AIRLINE is not a
resident of the State of New Jersey, or is an association or partnership without a member or partner resident of said state, or is a foreign corporation not licensed to do business in New Jersey, then in any such event, AIRLINE shall appoint an
agent for the purpose of service of process in any court action between it and AUTHORITY arising out of or based upon this Agreement. AIRLINE shall immediately, within ten (10) days of execution of this Agreement, notify AUTHORITY, in writing,
of the name and address of said agent. Such service shall be made as provided by the laws of the State of New Jersey for service upon a non-resident engaging in business in the State. It is further expressly
agreed, covenanted, and stipulated that, if for any reason, such service of process is not possible, as an alternative method of service of process, AIRLINE may be personally served out of the State of New Jersey by the registered mailing of such
service at the address set forth in Section 19.19. 
 19.21 Governing Law. The AUTHORITY and AIRLINE agree that this Agreement is made and
to be performed in the State of New Jersey and that the validity, interpretation, performance and enforcement of all duties, obligations, liabilities and terms of the Agreement shall be governed by and decided in accordance with the laws of the
State of New Jersey without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New Jersey or any other jurisdiction. The Parties agree to submit to the jurisdiction of the Superior Court, State of New
Jersey, within the County of Atlantic, or the United States District Court of New Jersey, Third Circuit, for the resolution of any dispute or controversy arising out of this Agreement. 

19.22 Force Majeure. Except as herein provided, neither AUTHORITY nor AIRLINE shall be deemed to be in default hereunder if either Party is
prevented from performing any of the obligations, other than the payment of rentals, fees, and charges hereunder, by reason of strikes, boycotts, labor disputes, embargoes, shortages of energy or materials, acts of God, acts of the public enemy,
unusually severe weather conditions, riots, rebellion, or sabotage, public health emergencies, pandemics or any other similarly extreme circumstances for which it is not responsible, or which are not within its control. 

19.23 Covenant Not to Grant More Favorable Terms. AUTHORITY covenants and agrees not to enter into any contract or agreement with any other
certificated air transport operator containing more favorable terms than this agreement or to grant to any other certificated air transport operator any rights, privileges, or concessions which are not accorded to AIRLINE hereunder, unless the same
terms, rights, privileges, and concessions are concurrently made available to AIRLINE. 

  
 40 

 19.24 Entire Agreement. It is understood and agreed that this instrument contains the entire
agreement between the Parties hereto. It is further understood and agreed by AIRLINE that AUTHORITY and AUTHORITY’s agents have made no representations or promises with respect to this Agreement or the making or entry into this Agreement,
except as in this Agreement expressly set forth and that no claim or liability or cause for termination shall be asserted by AIRLINE against AUTHORITY for, and AUTHORITY shall not be liable by reason of, the breach of any representations or promises
not expressly stated to this Agreement. Any other written or parole agreement with AUTHORITY is expressly waived by AIRLINE unless said agreement is listed on Exhibit “L”. 

  
 41 

 IN WITNESS WHEREOF, the Parties hereto have caused these presents to be executed on the day
and year first above written. 
  

							
	WITNESS & ATTEST	 		 	SOUTH JERSEY TRANSPORTATION AUTHORITY
				
	Cyntnia Beasberg	 		 	By:	 	/s/ [ILLEGIBLE]
	Board Secretary	 		 		 	Executive Director
	Date Signed: 7/13/20	 		 		 	
		 		 	GLOBAL CROSSING AIRLINES
				
		 		 	By:	 	/s/ Ed Wegel
		 		 		 	 Name: Ed Wegel

		 		 		 	 Title: Founder/CEO

 Date Signed: 6/18/2020 

  
 42 

 Exhibit A 

Atlantic City International Airport 
 

 

 ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 
 EXHIBIT B 

 

							
	/s/ [ILLEGIBLE]	 		 		 	/s/ Ed Wegel
	South Jersey Transportation Authority	 		 		 	Airline
				
	7/1/2020	 		 		 	6/18/2020
	Date	 		 		 	Date

 ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 
 EXHIBIT C 

TERMINAL EQUIPMENT LIST 
 Baggage Belts (Inbound
and Outbound) 
 Baggage Information Display System 

Elevators/Escalators 
 Fire Alarm & Suppression Systems

 Flight Information Display System 
 Flight Status Towers

 HVAC 
 Public Address System 

Security System (Camera, Access Control, Gates) 
 Telephone
System 
 Visual Paging System 
 400 Hz Ground Power Units

  

									
		 	/s/ [ILLEGIBLE]	 		 		 	/s/ Ed Wegel
		 	South Jersey Transportation Authority	 		 		 	Airline

									
					
		 	7/1/2020	 		 		 	6/18/2020
		 	Date	 		 		 	Date

 

 

 

 

 ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE INFORMATION 

EXHIBIT E 
  

																													
	 	  	Ticket
Counter	 	  	Offices	 	  	Baggage
Claim
Area	 	  	Baggage
Make-up
Area	 	  	Airline
Hallways	 	  	Ramp
Service
Area 	 	  	 Concourse

2nd

Level
	 
	 Structural
	  				  				  				  				  				  				  			
	 Foundation/Floors
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Exterior Walls
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Interior Partitlons/Doors Windows
	  	 	L	 	  	 	L	 	  	 	A	 	  	 	A	 	  	 	L	 	  	 	A	 	  	 	A	 
	 Roof & Canopy
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Exterior Doors/Windows
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
		
								
	 HVAC
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 
								
	 Electrical
	  				  				  				  				  				  				  			
	 System Maintenance
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Bulb/Tube/Ballast Replacement
	  	 	A	 	  	 	L	 	  	 	A	 	  	 	A	 	  	 	L	 	  	 	A	 	  	 	A	 
	 Fixture Replacement
	  	 	A	 	  	 	L	 	  	 	A	 	  	 	A	 	  	 	L	 	  	 	A	 	  	 	A	 
								
	 Plumbing
	  				  				  				  				  				  				  			
	 *Water Supply
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	A	 
	 *Sanitary Sewer
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	A	 
	 Storm Sewer
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	A	 
	 Fixture Maintenance
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	A	 
								
	 Painting & Decorating
	  				  				  				  				  				  				  			
	 Exterior
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 
	 Interior Walls & Ceilings
	  	 	L	 	  	 	L	 	  	 	A	 	  	 	A	 	  	 	L	 	  	 	N/A	 	  	 	A	 
	 Floor Coverings
	  	 	L	 	  	 	L	 	  	 	N/A	 	  	 	N/A	 	  	 	L	 	  	 	N/A	 	  	 	A	 
	 Directional Signs
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	A	 
								
	 Janitorial
	  				  				  				  				  				  				  			
	 Interior Cleaning
	  	 	L	 	  	 	L	 	  	 	A	 	  	 	L	 	  	 	L	 	  	 	A	 	  	 	A	 
	 Interior Window Washing
	  	 	N/A	 	  	 	L	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	A	 
	 Exterior Window Washing
	  	 	N/A	 	  	 	L	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	A	 
	 Trash to Compactor
	  	 	L	 	  	 	L	 	  	 	A	 	  	 	L	 	  	 	L	 	  	 	L	 	  	 	A	 
	 Recyclables to Receptacles
	  	 	L	 	  	 	L	 	  	 	A	 	  	 	L	 	  	 	L	 	  	 	L	 	  	 	A	 
	 Exterior Cleaning
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
								
	 Pavement
	  				  				  				  				  				  				  			
	 Cleaning/Sweeping
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	N/A	 
	 Grease/Oil Removal
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	L	 	  	 	N/A	 
	 Maintenance/Repair
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	N/A	 
	 Striping
	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	N/A	 
								
	 Equipment & Furniture
	  				  				  				  				  				  				  			
	 Loading Bridges
	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	A	 	  	 	A	 
	 Baggage Conveyors
	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 
	 Tenant Equipment
	  	 	L	 	  	 	L	 	  	 	L	 	  	 	L	 	  	 	L	 	  	 	L	 	  	 	L	 
	 Authority Equipment
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Public Address
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Authority Telephone Equipment
	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 	  	 	A	 
	 Flight Information Display System
	  	 	A	 	  	 	N/A	 	  	 	A	 	  	 	N/A	 	  	 	N/A	 	  	 	N/A	 	  	 	A	 

  

	*	 Lessee shall be responsible for water supply & sanitary sewer for special equipment such as ice
machines, etc. 

  

					
		 		 	 L = Lessee
 A = Authority

N/A = Not Applicable

			
	

	 		 	

					
	

	  	EXHIBIT F	  	

 South Jersey Transportation Authority 

Atlantic City International Airport 
 Airline
Rates & Charges 
 Effective-1/1/2020 

 

											
	 	  	Signatory	 	  	Non-Signatory	 	  	 
	 Terminal Building Rent
	  	$	28.59	 	  	$	32.15	 	  	per square foot
	 Landing Fee
	  	$	1,55	 	  	$	1,88	 	  	per 1,000 lbs. MGLW
	 Landing Fee—Diversions
	  	$	1.55	 	  	$	2,35	 	  	per 1,000 lbs..MGLW
	 Ramp Fee
	  	$	1,56	 	  	 	Not Applicable	 	  	per 1,000 lbs. MGLW
	 Terminal Use Fee
	  	 	Not Applicable	 	  	 	Per Exhibit B	 	  	
	 Aircraft Parking Fee
	  	 	Per Exhibit Fl	 	  	 	Per Exhibit F2	 	  	
	 Loading Bridge Fee
(LBF for Signatory Included In Ramp Fee)
	  				  	$	15.00	 	  	per turn,

  

							
	Security Fee	  	 	 	  	 
	 2020
	  	$	0.25	 	  	$0.31 per enplaned
passenger
	 2021
	  	$	0.50	 	  	$0.63. per enplaned passenger
	 2022
	  	$	0.75	 	  	$0.94 per enplaned
passenger
	 2023
	  	$	1.00	 	  	$1.25 per enplaned
passenger
	 Unimproved Land Rent
	  	$	10.00	 	  	$10.00 per square foot
	 Passenger Facility Charge
	  	$	4.50	 	  	$4.50 per enplaned passenger

 Discount Programs for Scheduled Service 
  

			
	 Scheduled Service-Ramp Fee
Discount
	  	 
	0-70 Arrivals. per week	  	0% discount
	71-77 Arrivals per week 	  	26% discount
	78-84 Arrivals per week	  	50% discount
	86-91 Arrivals per week	  	75% discount
	92+- Arrivals per week	  	100% discount

  

			
	 Fuel Flowage Fee Discount
	  	 
	1-250,000 Gallons purchased	  	$0.03 per gallon
	 250,001-500,000 Gallons purchased
	  	$0.025 per gallon
	500,001-750,000 Gallons purchased	  	$0.020 per gallon
	 750,000 + Gallons purchased
	  	$0.15 per gallon

  

			
	 Other Fees
	  	 
	Federal Inspection Services	  	per schedule
	Utilities	  	proportionate share

 Definitions 
 Signatory
Airline - A certified scheduled service airline utitillzing aircraft with a seating capacity of 31 seats or more that has signed a lease (or permit) for a minimum rental of 500 square feel for a least one (1) year end has at least one daily
departure and/or guarantees 217 available seals per week for the duration of the service agreed upon while maintaining minimum service levels agreed upon during the term of its agreement (tne “Signatory Airline
Requirements”)., 
 Landing - any landing at me Airport by an aircraft, out does not include a landing by an aircraft that returns to the
airport because of weather, mechanical, operational, or other emergency or precautionary reasons. 
 Resolutions:
2002-38, 2002-59, 2004-84, 2009-136, 2010-81

 ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 

EXHIBIT G 
 INSURANCE

 The Lessee in its own name as insured and, at its sole cost and expense, shall secure, and maintain in continuous effect during the term of this
Lease insurance policies issued by an insurance carrier licensed to do business in the State of New Jersey or companies otherwise approved by the Authority providing for: 
  

	 	1.	 Worker’s Compensation—Statutory, State of New Jersey 

 

	 	2.	 Comprehensive General Liability including passenger liability with a minimum single limit of $100,000,000 per
occurrence for bodily injury and property damage not less than $25,000,000 with respects to personal injury to non-passengers with the following coverage: 

 

	 	(a)	 Broad form contractual liability 

 

	 	(b)	 Premises and operations 

 

	 	(c)	 Independent contractors 

 

	 	(d)	 Broad form property damage 

 

	 	(e)	 Personal injury 

  

	 	3.	 Comprehensive Automobile Liability with a minimum single limit of $1,000,000 per occurrence for bodily injury
and property damage with coverage in the following areas: 

  

	 	(a)	 Owned vehicles 

  

	 	(b)	 Non-owned vehicles 

 

	 	(c)	 Hired vehicles 

  

	 	(d)	 Any auto 

  

	 	4.	 Comprehensive Aircraft Liability Insurance, with a minimum single limit of $100,000,000 per occurrence for
bodily injury and property damage. 

 The Lessee shall provide AUTHORITY with the Policies or Certificates indicating proof of the
forgoing insurance coverage. Such certificates shall provide that the carrier issuing the certificate shall notify the AUTHORITY thirty (30) days in advance of any cancellation or adverse material change in terms or coverage of such insurance
policies. Any such notice shall be in writing and shall be served by certified mail, return receipt requested to the Airport Director. Atlantic City International Airport, Suite 106, Egg Harbor Township, NJ 08234-9590. The failure of the Lessee to
obtain or maintain such insurance coverage will not relieve the Lessee from any liability arising from this Lease nor shall any such liability be limited to the liability insurance coverage provide for herein. 

 

			
	 

	  	South Jersey Transportation Authority 

 EXHIBIT H 

ATLANTIC CITY INTERNATIONAL AIRPORT 

WEEKLY PASSENGER & FLIGHT STATISTICS 
  

					
	Airline:	  	Official Airline Code:	  	

 Statistics for the period beginning: 
  

									
					
	Friday,	 	 	 	and ending Thursday,	 		 	 
		 	(Date)	 		 		 	(Date)

 Passenger and Flight Information: 
  

													
		 	INBOUND	 		  		  		  		  	
							
	        	 	CITY (3 letter airport code) 	 	        	  	PAX	  	        	  	# FLIGHTS	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	OUTBOUND	 		  		  		  		  	
							
	        	 	CITY (3 letter airport code) 	 	        	  	PAX	  	        	  	# FLIGHTS	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
				
		 	Airline.

	 		  	South Jersey Transportation Authority

 Please fax or return to Airport Operations by 3:00 p.m. on Friday of each week. 

Fax: 609-641-3635 

 EXHIBIT I 

ATLANTIC CITY INTERNATIONAL AIRPORT 

MONTHLY PASSENGER & FLIGHT STATISTICS 
  

					
	Airline:	 	Official Airline Code:	  	
			
	Statistics for the month/year:	 	 	  	

 Passenger and Flight Information: 
  

													
		 	INBOUND	 		  		  		  		  	
							
	        	 	CITY (3 letter airport code) 	 	        	  	PAX	  	        	  	# FLIGHTS	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	OUTBOUND	 		  		  		  		  	
							
	        	 	CITY (3 letter airport code) 	 	        	  	PAX	  	        	  	# FLIGHTS	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
							
		 	 	 		  	 	  		  	 	  	
						
	Cargo Information:	 		  		  		  		  	
							
		 	Mail	 		  		  		  	 	  	
							
		 	Freight/Express	 		  		  		  	 	  	
					
		 	Total Cargo *lndicate weight base, i.e. US tons or metric tons)	  		  	 	  	
				
		 	Airline

 	 		  	South Jersey Transportation Authority

 Please fax or return to Airport Operations by 3:00 p.m. on Friday of each week. 

Fax: 609-645-2890 

 EXHIBIT J 

ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 

DESCRIPTION OF CALCULATION FOR UTILITIES 

All utilities expense incurred by SJTA will be allocated for reimbursement from tenants as indicated below. 

Electricity 
 Any exclusive use area metered
separately will be billed for their consumption as identified on the appropriate meter. 
 Other exclusive use areas will be billed at the same rate of
consumption as the aforementioned metered area, prorated for the amount of square footage. 
 Any exclusively owned equipment using electric not directly
metered, or connected to the lessee’s exclusive use space, will be billed at a rate identified by manufacturer’s specifications. This includes but is not limited to the following equipment: 

ice machines, battery chargers, office equipment. 
 Gas,
Pest Control, Alarm Services 
 The resultant shall be the percentage that the square feet of Lessee’s exclusive occupancy bears to the total
available square feet of exclusive use space in the building, plus the direct cost to South Jersey Transportation Authority for maintaining the exclusive space of the Lessee for these services, 

Trash Removal and Recycling 
 The total expense
shall be divided 70% to the Airside users allocated by enplanements and 30% to all tenants allocated by the square feet of Lessee’s exclusive occupancy bears to the total available square feet of exclusive use space in the building. 

Sewage and Water 
 The total expenses shall be
divided 70% to the Airside users allocated by enplanements and 30% to all tenants allocated by the square feet of Lessee’s exclusive occupancy bears to the total available square feet of exclusive use space in the building. 

Telephone 
 Tenant completes a Consolidated Service
Order Form that lists available services Tenant selects services and enters into a Shared Tenant Services Agreement. Monthly billing is based on services selected. Initial installation fees apply. 

 

							
	/s/ Stephen R. Gughay	 		 		 	/s/ Ed Wegel
	South Jersey Transportation Authority	 		 		 	Airline
				
	7/1/2020	 		 		 	6/18/2020
	Date	 		 		 	Date

 EXHIBIT K 

ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 
 CAPITAL
INVESTMENT SCHEDULE 
 To be provided by Airline (See Section 9.02(B) for content). 

 

							
	South Jersey Transportation Authority	 		 		 	Airline
				
	/s/ [ILLEGIBLE]	 		 		 	/s/ Ed Wegel
	Initial	 		 		 	Initial
				
	7/1/2020	 		 		 	6/18/2020
	Date	 		 		 	Date

 EXHIBIT L 

ATLANTIC CITY INTERNATIONAL AIRPORT 

AIRLINE AGREEMENT 
 All Other
Agreements 
 The following independent agreements shall continue in full force and effect: 

 

									
	South Jersey Transportation Authority	 		 	
					
		 	

	 		 		 	7/1/2020
		 	Initial	 		 		 	Date

									
	Airline	 		 	
					
		 	

	 		 		 	6/18/2020
		 	Initial	 		 		 	Date

 /s/ Ed WegelEX-10.9

 Exhibit 10.9 

LEASE AGREEMENT 
 THIS
LEASE AGREEMENT (“Lease”) dated as of august 10, 2020. (the “Effective Date”), is being entered into by the SOUTH JERSEY TRANSPORTATION AUTHORITY, (“SJTA”), and Global Crossing Airline
(“Global”), (collectively “Parties”). 
 WITNESSETH: 

WHEREAS, SJTA was established and created pursuant to the South Jersey Transportation Act, N.J.S.A.
27:25-1 et. seq. (the “Act”); and 
 WHEREAS, pursuant to Section 24 of the
Act SJTA has become the successor of the New Jersey Expressway Authority and has become the owner and operator of the Atlantic City International Airport, (the “Airport”), pursuant to N.J S.A. 27:25 A24; and 

WHEREAS, the Airport includes real property owned by SJTA that is identified as developable property in the Federal Aviation
Administration (“FAA”) approved Master Plan; and 
 WHEREAS, pursuant to Section 7(n) of the Act, SJTA has the power
to grant by franchise, lease or otherwise, the use of any project, facility or property owned and controlled by SJTA to any person for the consideration and for the period or periods of time and upon terms and conditions as are agreed upon,
including but not limited to, the condition that the Global may construct or provide any buildings or structures for the project facility or property or portions thereof; and 

WHEREAS, Global is a C corporation with its principal place of business located at Building 5A, 4200 NW 36th Street, Miami International Airport, Miami Florida, 33166; and 
 WHEREAS, Global
proposes the development of a new hangar and associated support facilities on property owned by SJTA at the Airport that is a developable project.; and 

 WHEREAS, by Resolution 2020-91, the SJTA Board of Commissioners approved the proposed
project and authorized SJTA to negotiate and enter into a lease for the project; and 
 WHEREAS, the Parties wish to execute this
Lease in order to set forth the rights, duties and obligations of the Parties to each other for the project. 
 NOW, THEREFORE, in
consideration of the mutual covenants contained herein, the parties agree as follows: 
 SECTION 1 – DEFINITIONS 

1.01. Singular terms in this Lease shall include the plural and plural terms shall include the singular. 

1.02. The terms “herein,” “hereof and “hereunder,” and other words of similar import in the Lease, refer to this
Lease as a whole and not to any particular section or other subdivision. 
 1.03. The term “person” in this Lease shall include
any individual, corporation, partnership, joint venture, association, trust, incorporated organization in any government, or any agency or political subdivision hereof. 

1.04. The following terms set forth in this Lease shall have the meanings set forth below: 

(a) “Act” – shall mean the South Jersey Transportation Act, N.J.S.A. 27:25-1 et. seq.

 (b) “Airport” – shall mean the Atlantic City International Airport which is located in Egg Harbor, Hamilton and Galloway
Townships in Atlantic County, New Jersey. 
 (c) “Airport Minimum Standards” shall mean the minimum standards for commercial
aeronautical activity at the Airport approved by Resolution 2010-73 and as maybe amended by SJTA from time to time. 

  
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 (d) “Airport Security Plan” – shall mean the Transportation Security
Administration approved the Airport Security Plan for the Airport in accordance with Title 49 Part 1542. 
 (e) “SJTA” –
shall mean the South Jersey Transportation Authority, a body corporate and politic, created pursuant to N.J.S.A. 27:25A-1 et seq. 

(f) “Global” – shall mean Global Crossing Airline. 

(g) “Effective Date” – shall mean the date set forth in the first paragraph of this Lease. 

(h) “Escrow Funds” – shall be as stated in Section 7.07 herein. 

(i) “FAA” – shall mean the Federal Aviation Administration. 

(j) “General Aviation Ramp” – shall mean the existing general aviation aircraft parking and maneuvering area adjacent to the
general aviation hangars. 
 (k) “Improvements” – shall mean the hangar and related improvements to be constructed on the
Leased Premises. 
 (1) “Lease” – shall mean this Lease dated as of
             2020, between SJTA and Global, as may from time to time be supplemented, modified or amended. 

(m) “Leased Premises” – shall mean the real property described in Exhibit A attached to this Lease and the Improvements
constructed on such real property. 
 (n) “Parties” – shall mean SJTA and Global. 

(o) “Project” – shall mean the project described in Section 2.01 of the Lease. 

(p) “Rent Commencement Date” – is the date lease payments begin which shall be at the completion of the construction of the
hanger or April 1, 2021 whichever occurs first. 

  
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 (q) “The Firm” – shall mean TBI Airport Management, its successors and
assigns which manage the operations of the Airport. 

  
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 SECTION 2. DESCRIPTION OF THE PROJECT 

2.01. The Project is the construction and operation of a permanent aircraft hangar and if space is available, employee parking to be located
on the real property described in Exhibit A and incorporated herein. The Project is subject to an Atlantic City International Airport Airline-Airport Use and Lease Agreement incorporated herein by reference. 

SECTION 3. LEASE 

3.01 SJTA hereby leases the Leased Premises to Global, and Global hereby rents and accepts Leased Premises from SJTA upon and subject to the
terms, conditions, covenants and provisions of this Lease. 
 3.02 The Leased Premises are leased “as is” in all respects,
including, without limitation, physical condition, environmental condition and status with respect to Laws or governmental approvals. It is the explicit understanding of Global and SJTA that SJTA has not and does not direct or indirectly, whether
through its principals, agents, employees, or any other person or entity, make any representation or warranty whatsoever, expressed or implied, with respect to the Leased Premises. Without limiting the provisions of the foregoing, it is specifically
understood that no representations or warranties have been made with respect to the physical condition or the environmental condition of the Leased Premises, the status and/or existence of land use approvals or any other governmental approvals, or
the potential for profitability or the development potential of the Leased Premises. SJTA expressly disclaims and negates any express or implied warranties. Global agrees to accept the Lease Premises “as is/where is” with all of its
faults. 

  
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 SECTION 4. TERM 

4.01 The initial lease term for the Leased Premises shall be thirty (30) years and shall commence on the Effective Date and shall end at
11:59 P.M on the date that is the day before the thirtieth (20th) anniversary of the Effective Date (“Lease Term”). 
 4.02
Provided that this Lease is not otherwise in default (at the time of the exercise of the option) Global shall have the option to renew the Lease for the Leased Premises for a single ten (10) year renewal term pursuant to the same terms and
conditions as applicable to the initial term. For the ten (10) year renewal period, Global shall provide written notice to SJTA of not less than one (1) year, nor more than five (5) years prior to the expiration date of the initial
term of its exercise of the renewal option. Once exercised, the exercise of the option for the renewal term shall be irrevocable. In the event Global does not provide written notice of the exercise of its option for the renewal term within the time
period required by this section, Global shall be deemed to have waived its right to exercise its option for the renewal term. The lease term for the Leased Premises may be further extended by the mutual agreement of the Parties on such terms as are
mutually agreed to by the Parties in a written fully executed agreement. 
 SECTION 5. GENERAL RIGHTS AND PRIVILEGES 

5.01 Global shall enjoy the following general nonexclusive rights at the Airport, subject to the conditions provided in this Lease: 

(a) The use, in common with other duly-authorized users, of the common areas (as the same now exist or may hereafter be extended) of the
Airport, consisting of roadways, runways, taxiways, all aids of air navigation for the Airport and all public areas of the Airport. 

  
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 (b) The right of ingress to and egress from the Leased Premises over existing Airport
roadways, including the use of the service road and common use roadways or other service roads hereafter existing sufficient in size and capacity for such purpose. 

(c) The right to install and operate appropriate identifying signs on the Leased Premises provided that plans for the type, size, design,
color, fabrication, location and operation of such signs shall have been submitted to and approved in writing by SJTA prior to installation, which approval shall not be unreasonably withheld or delayed. 

(d) The non-exclusive right to use the General Aviation Ramp with other aeronautical users 

5.02 The rights granted in this Section shall be subject to applicable law and the applicable rules and regulations of SJTA including but not
limited to the Airport Security Plan and Airport Minimum Standards, all as may be amended from time to time. 
 SECTION 6. USE OF
LEASED PREMISES 
 6.01 The Leased Premises shall only be used for the following purposes only and for no other purposes: 

(a) The construction and operation of an airline maintenance hangar; 

(b) The storage, maintenance, servicing and repair of aircraft, aircraft assemblies, aircraft accessories and aircraft radio and electronic
equipment and any component parts thereof; 
 (c) The leasing and chartering of aircraft; 

(d) The parking of automobiles and other vehicles operated by officers, employees, invitees and business visitors of Global; 

(e) The parking of aircraft; 

  
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 (f) The sale of new and used aircraft; 

(g) The sale of aircraft parts, navigation equipment and new and used radio and electronic equipment; 

(h) The conduct of flight instruction in accordance with F.A.R. Part 61 and/or F.A.R. Part 91; and 

(i) Business and operations offices in connection with purposes authorized hereunder. 

(j) Incidental non-aeronautical uses which do not interfere with aeronautical uses if approved in
advance which approval may be withheld in the sole discretion of SJTA. 
 6.02 The General Aviation Ramp may only be used by Global’s
customers for aeronautical services. 
 SECTION 7. RENT, ESCROW AND SECURITY DEPOSIT 

7.01 The Rent Commencement Date shall be upon completion of the construction of the hanger or April 1, 2021 whichever occurs first.
Global shall pay annual rent for the Leased Premises commencing on the Rent Commencement Date. The annual rent for the Leased Premises for the first three years of the lease term shall be Twenty-Six Thousand,
Two Hundred Fifty Dollars ($26,250.00) per year which is calculated as follows: 52,500 square feet of leased area x $.50 per square foot of leased area = annual rent. The annual rent shall be recalculated on the third (3rd) anniversary of the Rent Commencement Date and every three (3) years thereafter (including the renewal term if the renewal option is exercised) by applying the following formula: annual rent
from previous three (3) year period x the percentage that the CPI-U for the Philadelphia-Wilmington-Atlantic City area increased between the date that is thirty-seven (37) months prior to the start
of the new three (3) year period and the date that is 

  
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 one month prior to the start of the new three year period = annual rent for new three (3) year period.
Notwithstanding the above if the CPI-U for the Philadelphia-Wilmington-Atlantic City area decreases during any applicable three (3) year period, the annual rent for the new three (3) year period
shall be the same as the previous three (3) year period. It is the intent of the Parties that annual rent will only increase or stay the same for each three (3) year period and will never decrease. 

7.02 The annual rent required by Section 7.01 shall be paid in equal monthly installments payable in advance on the first day of each
calendar month during the Lease Term. Rent due for any partial month shall be pro-rated. 
 7.03 All
rent payments shall be paid to the address below or such different address as noticed by SJTA during the term of the Lease: 
 SJTA 

PO Box 781706 
 Philadelphia, PA
19178-1706 
 7.04 If any rent payment is not received by SJTA on or before tenth (10th) day of the calendar month, Global shall pay SJTA a
service charge/late fee equal to five (5%) percent of the delinquent rent payment and shall pay per diem interest on the overdue rent payment at the then prevailing prime rate until the overdue payment is made. 

7.05 The rent and additional payments payable hereunder by Global shall be paid without notice or demand, and without set-off, counterclaim, abatement, suspension, deduction or defense, deferment or diminution of any kind except as otherwise specifically provided herein. 

7.06 Upon the execution of this Lease, Global shall pay a security deposit of Four Thousand, Three Hundred and Seventy- Five ($4,375.00)
dollars. The security deposit shall be held by SJTA in a separate noninterest bearing account maintained by SJTA. The security deposit shall be returned to Global within thirty (30) days after the date that the Lease is terminated. The security
deposit may be applied by SJTA to any damages or payments owed by Global to SJTA or under this Lease as of the time of Lease termination. 

  
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 7.07 Upon the execution of this Lease, Global shall pay fifteen thousand ($15,000) dollars
into a non-interest bearing escrow account (“Escrow Funds”) held by the SJTA as security for the land. Upon completion of construction of the hanger, the Escrow Funds shall be credited towards the
annual rent due. In the event the hanger is not completed or upon default of Global as stated in this Lease, the Escrow Funds shall be forfeited and become the property of the SJTA 

7.08 Global shall pay to SJTA as additional rent any and all damages, costs, attorney’s fees and expenses which SJTA may suffer or incur
by reason of any default of Global or failure by Global to comply with the terms and covenants of this Lease. 
 7.09 Notwithstanding any
other provision of this Lease, in the event Global subleases all or part of the Leased Premises with the written consent of SJTA, Global shall remain liable for all rents, additional rents and terms and conditions of the Lease. An approved sublease
by SJTA does not constitute a waiver of any of Global’s obligations in this Lease. 
 SECTION 8. CONSTRUCTION OF IMPROVEMENTS

 8.01 Global agrees, at its sole cost and expense to design, finance and construct or cause to be constructed the Improvements on
the Leased Premises. The construction of the improvements shall be performed in a good and workmanlike manner and in compliance with all applicable laws. Global shall use due diligence to complete the Improvements in a commercially reasonable amount
of time. 

  
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 8.02 Global agrees, at its sole cost and expense, to design, finance, construct or cause to
be constructed, both on and off the Leased Premises those improvements necessary for the construction and operation of the Improvements including, but not limited to, all roadways, utilities, facilities and site improvements. This obligation
includes connecting all utilities to existing utilities, wherever located, and upgrading, or future repairs, replacements or relocation necessary thereto. All utility lines and facilities shall be underground unless otherwise stated. Global agrees,
at its sole cost and expense, immediately after the installation of each utility, facility or site improvement, both on and/or off the Leased Premises, to restore the area to substantially its prior condition, including without limitation
replacement of grass by sod or repaving. 
 8.03 No planning, construction or substantial change of any portion of the Improvements shall
commence until the plans and specifications for the Improvements have been received and approved in writing by SJTA and all applicable governmental entities. Any substantial deviation from the approved plans and specifications in the course of
constructing the Improvements, or the subsequent alteration or expansion of the Improvements or any portion thereof, shall require the prior written approval of SJTA. 

8.04 SJTA’s approval of the plans and specifications for the Improvements shall not constitute any opinion or agreement by SJTA that the
Improvements are structurally sufficient or that the plans and specifications are in compliance with applicable law and such approval shall not impose any present or future liability on SJTA. 

8.05 Unless otherwise provided herein, the Improvements shall be constructed without cost or expense to SJTA in compliance with the
requirements of all applicable laws regarding the construction, use or operation of the Improvements. Global, at its own cost and expense, shall apply for and prosecute with diligence all necessary permits, approvals and licenses required for the

  
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 construction, use and operation of the Improvements including all land use approvals. Global shall be
responsible for all costs to obtain required permits, approvals and licenses including, but not limited to, application fees, expert reports and appearances, applicable studies, surveys, drawings, exhibits, reports, summaries, test results, and
attorney fees. SJTA, without cost or expense to SJTA shall cooperate with Global in obtaining all permits, approvals and authorizations necessary from time to time for the performance of any construction, alteration or other work required to be
performed by or at the direction of Global under the Lease. Additionally, Global shall be solely responsible for all demolition and removal of the improvements presently located on the Leased Premises if any. All engineering costs and feasibility
studies including but not limited to test borings, topography studies and traffic evaluations, shall be at Global’s expense. 
 8.06
The construction of the Improvements shall be deemed a prevailing wage project pursuant to the New Jersey Prevailing Wage Act and Global shall construct the Improvements in compliance with such Act. All contractors and subcontractors who perform
work on the Improvements shall be fully insured, possess a New Jersey Business Registration Certificate and a current New Jersey Public Works Contactors Registration. Any work performed on the Improvements shall be paid in accordance with the
current prevailing wage rates for the services to be rendered. 
 8.07 Global and its contractors and subcontractors shall indemnify and
hold harmless SJTA and The Firm from all costs and expenses of the construction, use or operation of the Improvements and shall name the SJTA and The Firm as additional insureds on all insurance policies. The provisions of this Section 8.07
shall survive any termination of this Lease. 

  
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 8.08 Global, at all times shall keep the Leased Premises and Improvements free from any and
all liens arising out of any work performed, materials furnished, or obligations incurred by or for Global. Global further agrees to bond against or discharge any mechanics’ or materialmen’s lien within thirty (30) days after the
filing or recording of any such lien. Global shall reimburse SJTA for any and all costs and expenses including attorney fees and costs which may be incurred by SJTA by reason of the filing of any such liens and/or the removal of same, such
reimbursement to be made within thirty (30) days after SJTA has given Global a statement setting forth the amount of such costs and expenses. The obligation of this Section 8.08 shall survive any termination of this Lease. 

8.09 Prior to commencement of construction of the Improvements Global without cost to SJTA shall obtain from each general contractor who is
retained to construct the Improvements a performance bond and a labor and material payment bond issued by a surety company licensed to do business in the State of New Jersey, guaranteeing the completion of the Improvements and payment of all costs
therefor and incident thereto, which bond shall name SJTA as an additional obligee. Certificates or true copies of all bond or policies shall be delivered to SJTA prior to the commencement of any construction. 

8.10 Within thirty (30) days following the completion of the Improvements, Global shall deliver to SJTA two (2) copies of an
accurate “as-built” survey of the Leased Premises certified to SJTA by a duly New Jersey licensed engineer or surveyor, together with two (2) sets of
“as-built” plans of the Improvements, including without limitation, architectural, mechanical, plumbing and electrical plans of the Improvements. 

8.11 During the term of this Lease, any leasehold mortgage or other financing secured by a lien on Global’s leasehold interest shall
require the prior written approval of SJTA and shall be void without such approval. Notwithstanding the above, SJTA shall have the right to object to any such mortgage or lien if all of the proceeds of the loan that is secured by the mortgage or
lien are not used for the construction of the Improvements. As to the lien of any lender permitted under this 

  
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Section, in all cases SJTA shall have sole discretion as to whether to subordinate its ownership interest in the Leased Premises to such leasehold mortgage or lien and unless such approval is
given, any permitted leasehold mortgage or lien shall be subordinate to the ownership interest of SJTA in the Leased Premises. 

SECTION 9. ALTERATIONS AND ADDITIONS TO IMPROVEMENTS 

9.01 After the initial construction of the Improvements, Global shall not make or cause to be made or allow to be made any alterations,
additions or improvements to the Leased Premises or the Improvements without first having obtained the prior written consent of SJTA which consent, shall be at the SJTA’s sole discretion.. Any alterations, additions and improvements which are
made shall not change the character of the Leased Premises or the Improvements, nor be detrimental to the structural integrity of the Improvements. All such alterations, additions and improvements shall be performed at the sole cost and expense of
Global and in a good and workmanlike manner and shall be expeditiously completed in compliance with all applicable laws. 
 SECTION 10.
OWNERSHIP OF IMPROVEMENTS AND PERSONAL PROPERTY 
 10.01 All permanently installed improvements which Global may construct or cause
to be constructed upon the Leased Premises shall be owned for all purposes (including federal and state income tax ownership) by Global and not by SJTA, except that upon the expiration or termination of this Lease, the permanently installed
improvements shall become the property of SJTA. Global shall retain ownership of all trade fixtures and business equipment and furnishings from time to time installed on the Leased Premises at its expense. Global may remove any of such fixtures,
equipment or furnishings not permanently installed at any time during the term of the Lease and shall remove all such property from the Leased Premises prior to the expiration of the term of the Lease. Global shall repair at its expense any damage
caused to the Leased Premises as a result of the removal of such property. 

  
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 SECTION 11. GLOBAL’S OPERATIONAL AND MAINTENANCE OBLIGATIONS 

11.01 Global, at its sole cost and expense shall operate and maintain in good repair the Improvements on the Leased Premises for the entirety
of the term of the Lease. Except as otherwise provided herein, Global shall be responsible, at its own expense, for compliance with the applicable rules and regulations of the New Jersey Department of Environmental Protection, as well as the rules
and regulations of any federal, state, county or municipal body or agency having jurisdiction over the operation of the Improvements. All such maintenance, repairs and replacements shall be of quality equal to the original in materials and
workmanship. 
 11.02 SJTA’s authorized agents may, at any reasonable time, with reasonable notice where possible, enter upon the
Leased Premises to determine if maintenance satisfactory to SJTA is being done. In the event SJTA’s agent or agents determine that maintenance is not reasonably satisfactory, then SJTA agrees to notify Global to this effect in writing. Upon
receipt of such notice, Global shall immediately commence and diligently pursue corrective measures. 
 11.03 Global shall provide or cause
to be provided a complete and proper arrangement of the adequate handling, storage and disposal, on site and away from the Airport, of all oil, gas and refuse caused as a result of the operations conducted on the Leased Premises. Global shall
provide and use suitably covered metal receptacles for all such refuse and comply with all state and federal environmental and all applicable laws pertaining to the storage and disposal of oil, gas and refuse. Piling of boxes, cartons, barrels or
other similar items in an unsightly or unsafe manner on or about the Leased Premises is not permitted. Global’s handling of refuse and garbage shall comply with the Plant Protection Act, 7 U.S.C. sections 7701 et. seq., the Animal Health
Protection Act 7 U.S.C. sections 8301 et. seq. and the federal regulations at title 7 CFR 330.400 through 330.403 and Title 9 CFR 94.5. 

  
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 SECTION 12. GLOBAL’S ADDITIONAL OBLIGATIONS 

12.01 Global covenants and agrees that with respect to all rights and privileges granted under this Lease and in addition to its other
obligations under this Lease: 
 (a) To pay all charges for all utilities consumed on the Leased Premises during the term of this Lease at
regularly established rates. 
 (b) To surrender the Leased Premises upon the expiration of this Lease in the condition in which they were
required to be kept, reasonable wear and tear excepted. 
 (c) To observe and comply with any and all requirements of public authorities who
have jurisdiction over the Improvements, the Leased Premises, the operations on the Leased Premises and/or the Airport and with all federal, state or local statutes, ordinances, regulations and standards applicable to Global or its use of the Leased
Premises and/or the Airport including, but not limited to FAA regulations, reasonable rules, regulations and operating directives promulgated from time to time by or at the direction of SJTA for administration of the Airport, including but not
limited to the Airport Security Plan and the Airport’s Minimum Standards, all as amended from time to time. 
 (d) Should taxes ever be
assessed by any government authority upon the land, or upon any building or other improvement erected or installed on the Leased Premises, such taxes shall be the obligation of Global. Nothing stated herein shall prevent Global or SJTA, jointly or
severally, from contesting such a tax, and Global shall do whatever is necessary to prevent a tax lien or certificate on the Leased Premises during such a contest. 

  
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 (e) To comply with all laws of the United States of America and the State of New Jersey, as
well as all rules and regulations of SJTA. 
 (f) To procure and keep in force during the term of this Lease all necessary occupational
licenses and permits as are required for Global’s operation of the Improvements on the Leased Premises. 
 (g) To use the Leased
Premises only for the purposes hereinbefore described, unless Global receives the prior written consent of SJTA to use the premises for other purposes. 

(h) To allow SJTA free access to the Leased Premises at all reasonable times for the purpose of examining the same and seeing that the
covenants and conditions of this Lease are being performed by Global. SJTA shall have the right to enter the Leased Premises at any time in the event of an emergency. The determination of an emergency shall be at the sole discretion of SJTA. 

SECTION 13. CONDUCT OF BUSINESS 

13.01 Global shall exercise reasonable efforts to conduct its operations in an orderly and proper manner, so as not to, considering the nature
of such operation, unreasonably annoy, endanger or be offensive to others at the Airport. 
 13.02 Global shall exercise reasonable efforts
to control the conduct, demeanor and appearance of its officers, agents, and employees, so that a reasonable person would not find their conduct, demeanor or appearance objectionable. Upon objection from SJTA that Global has failed to exercise said
efforts to control the conduct, demeanor and appearance of its officers, agents, and employees, Global shall immediately take all lawful steps necessary to remove the cause of the objection. If SJTA shall so request, Global agrees to supply and
require its employees to wear or carry badges or other suitable means of identification, which shall be subject to the prior and continuing approval of the director of the Airport. 

  
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 13.03 It is intended that the standards and obligations imposed by this section shall be
maintained or complied with by Global in addition to its compliance with all applicable federal, state and municipal laws, ordinances and regulations. In the event any of said laws, ordinances or regulations shall be more stringent than SJTA’s
standards and obligations, Global agrees that it will comply with the more stringent laws, ordinances and regulations. Changes in such laws or regulations are not grounds for termination of this Lease. 

13.04 Global shall promptly observe, comply with and execute the provisions of any and all present and future rules, regulations,
requirements, orders and directions of the National Fire Protection Association and the Fire Insurance Organization of New Jersey, or of any other board or organization exercising, or which may exercise similar functions, which may pertain or apply
to the operations of Global on the Leased Premises. 
 13.05 If by reason of any failure on the part of Global to comply with the provisions
of this section, any fire insurance, extended coverage or other insurance rate on the Leased Premises or any part thereof, or on the Airport or any part thereof, shall at any time be higher than it otherwise would be, then Global shall pay to SJTA
that part of all premiums paid by SJTA which shall have been charged because of such violation or failure by Global. 
 13.06 In connection
with the conduct of Global’s business, Global shall use its best efforts in every proper manner to maintain, develop and increase the business conducted by it hereunder and to not divert, cause or allow to be diverted any business from the
Airport. 
 13.07 Global further agrees that it shall operate, use and maintain the Leased Premises in such manner that there will be at all
times a minimum of air pollution, water pollution or any other type of pollution arising out of, or resulting from the operation, use or maintenance of the Leased Premises by Global, and from the operations of Global under this Lease. 

  
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 13.08 Global shall, within twenty- four (24) hours of discovery, notify SJTA in writing
of any condition which is discovered by Global involving hazardous waste, pollution or drainage. 
 13.09 Global shall be solely responsible
for compliance with the provisions of this section and no act or omission of SJTA shall relieve Global of such responsibility. 
 13.10
Global shall not cause or permit to be caused or produced upon the Leased Premises, or to permit the same or to emanate therefrom, any unusual, noxious or objectionable smokes, gases, vapor or odors, considering the extent and type of operations of
Global. 
 13.11 Global shall not do or permit to be done any act or thing upon the Leased Premises which: (a) will invalidate or
conflict with any fire insurance policies covering the Leased Premises or any part thereof; or the Airport or any part thereof; or (b) in the opinion of SJTA, may constitute a hazardous condition so as to increase the risks normally attendant
upon the operations permitted by this Agreement. 
 SECTION 14. CASUALTY INSURANCE AND CASUALTY LOSSES. 

14.01 To safeguard the interest and property of SJTA, Global, at its sole cost and expense, shall procure and maintain throughout the term of
this Lease insurance protection for all risk coverage on the structure and improvements constructed on the Leased Premises to the extent of one hundred (100%) percent of the actual replacement cost thereof. Such insurance shall be written by
insurers of recognized financial standing approved by SJTA, which approval shall not be unreasonably withheld or delayed. Such insurance shall name SJTA and The Firm as additional insureds and loss payees and provide for sixty (60) days’
notice of cancellation or material change by registered mail to the address provided in this Lease. Global agrees that any insurance paid for damage to the structure and improvements on the Leased Premises shall be paid to SJTA by the insurance
company. The property loss insurance proceeds will be held by SJTA and paid to Global for the repair or replacement of the damaged structure or improvements in accordance with this Section. 

  
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 14.02 Global shall provide certificates of insurance evidencing the existence of all
insurance required to be maintained prior to the inception of the lease term. If Global fails to maintain such insurance as above provided, SJTA, at its option, may take out such insurance and charge the cost thereof to Global, plus five (5%)
percent, or SJTA may give notice of a default hereunder if Global fails to provide said certificates of insurance within ten (10) days following receipt of notice from SJTA. 

14.03 Global, at its sole cost and expense, shall procure and maintain insurance protection for all risk coverage, for all Trade Fixtures and
for all personal property on the Leased Premises, and as well as improvements thereon. 
 14.04 If all or a portion of the facilities owned
by SJTA are partially damaged by fire, explosion, the elements, the public enemy or other casualty, but not rendered unusable, the same will be repaired with due diligence by Global. 

14.05 If damage to the Improvements shall be so extensive as to render the Improvements unusable by Global, but capable of being repaired in
one hundred eighty (180) days, the same shall be repaired with due diligence by Global and the rent payable herein shall abate from the time of such damage until such time as the facilities are fully restored and certified by SJTA’s
engineers as ready for occupancy. 

  
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 14.06 In the event the Improvements on the Leased Premises are completely destroyed by fire,
explosion, the elements, the public enemy or other casualty, or are so damaged that they are unusable and cannot be replaced for more than one hundred eighty (180) days, Global shall have the election of repairing or reconstructing such
Improvements substantially as they were immediately prior to such casualty or in a new or modified design, subject to applicable building codes existing at the time of repairing or rebuilding, or not to repair or reconstruct the improvements. Global
shall give SJTA written notice of its election hereunder within one hundred twenty (120) days after the occurrence of such casualty or the adjustment of the claim, whichever is later. In the event of damage or destruction to any of the
improvements upon the Leased Premises, SJTA shall have no obligation to repair or rebuild the improvements or any fixtures, equipment or other personal property installed by Global pursuant to this Lease. Global agrees that any repair or
reconstruction work will be promptly commenced and prosecuted to completion with due diligence subject to delays beyond Global’s control, In the event the Airport is damaged or destroyed, the obligation of Global to complete the repair or
reconstruction of its facilities shall coincide with the re-opening of the Airport for general aviation service. 

14.07 If Global elects to repair or reconstruct the damaged improvements to the extent that any loss is recouped by actual payment to SJTA of
the proceeds of the insurance, the amount of such proceeds, together with any interest earned thereon, will be paid to Global to the extent necessary to cover Global’s costs of rebuilding or repairing the portion or all of the Leased Premises
which have been damaged or destroyed. Such payment will be made by SJTA to Global in installments as work progresses; provided that as to each request for payment, Global shall certify by a responsible officer or authorized representative that the
amounts requested are due and payable to its contractor for work completed and upon inspection by a SJTA contractor or engineer or agent of SJTA. Upon completion of all work, Global shall certify by a responsible officer or authorized representative
that such rebuilding and repairs have been completed, that all costs in connection therewith have been paid by Global, and that said costs are fair and reasonable. Said certification shall also include an itemization of costs. If the insurance
proceeds are not sufficient, Global agrees to bear and pay the deficiency including all deductibles. Nothing herein contained shall be deemed to release Global from any of its repair, maintenance or rebuilding obligations under this Lease. 

  
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 14.08 In the event Global elects to repair or reconstruct as aforesaid, Global shall at its
expense, replace and repair any and all personal property, including but not limited to fixtures and equipment, necessary to properly and adequately continue its airport business on the Airport, but in no event shall Global be obligated to provide
equipment and fixtures in excess of those existing prior to such damage or destruction except for requirements of construction codes existing at the time of repair or replacement. There shall be no obligation on the part of SJTA to reimburse Global
from the insurance proceeds for the loss or damage to personal property, included but not limited to fixtures and equipment, of Global. 

14.09 In the event Global elects to repair or reconstruct as aforesaid, during such period of repair or replacement, the rent provided for in
Section 7 herein shall be proportionately abated during the period from the date of such damage, destruction or loss until the same is repaired, replaced, restored or rebuilt, according to the portion of the improvements on the Leased Premises
that are used only for repair or rebuilding of same. Such abatement shall not exceed the actual time required for arranging for and the performance of such work. The proportional amount of reduction of ground rent will be reasonably determined by
SJTA at its sole discretion. 
 14.10 If Global shall elect not to repair or reconstruct the damaged improvements, Global shall, at its own
cost and expense (unless otherwise reimbursable by insurance hereunder), remove all debris resulting from such damage to the Leased Premises, including foundations, concrete piers, pavements, etc., and restore the surface to a level condition at its
original elevation. Upon completion of such debris removal and restoration, this Agreement shall terminate; however, only the unaccrued obligations of Global for ground rent shall cease, provided SJTA has received full payment of the insurance
required under this Lease. 

  
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 14.11 Notwithstanding the provisions of any other portion of this Section 14 or any
other provision of this Lease, Global hereby waives any and all rights of recovery, claim, action, or cause of action against the SJTA and The Firm, their agents, officers and employees, for any losses or damage that may occur to the Leased Premises
or facilities or the content therein by reason of fire, the elements or any other cause, regardless of the cause or origin, including negligence of SJTA and/or The Firm’ and their agents, officers, and employees; provided that such loss or
damage could be insured under the terms of standard forms of fire and extended coverage insurance policies and Global actually insured the loss for the amounts required under this Agreement. Because this paragraph will preclude the assignment of any
claim mentioned in it by way of subrogation (or otherwise) to an insurance company (or another person), Global agrees to immediately give to its insurance company, which has issued to its policies of fire and extended coverage insurance, written
notice of the terms of its waiver contained in this paragraph and to have the insurance policies properly endorsed, if necessary, to prevent the invalidation of insurance coverages by reason of the waiver. 

SECTION 15. OTHER INSURANCE 

15.01 In addition to the casualty insurance required by Section 14, Global, its contractors and subcontractors shall provide, pay for and
maintain with companies satisfactory to SJTA the additional types of insurance described herein. All insurance shall be from responsible insurance companies eligible to do business in the State of New Jersey with at least an A- rating. The required policies of insurance shall be construed in accordance with the laws of the State of New Jersey. All liability policies shall provide that SJTA is an additional insured as to the operations
of Global 

  
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under this Lease and shall also provide the severability of interest provision. Sixty (60) days’ written notice by registered or certified mail shall be given SJTA of any cancellation,
intent not to renew, or reduction in the policies’ coverages, except in the application of the policy limits provisions. In the event of a reduction in any policy limit, Global shall take immediate steps to have it reinstated. All insurance
coverages of Global shall be primary to any insurance or self-insurance programs carried by SJTA as to the specific coverages provided to SJTA in the polices required under this Lease. The insurance coverages and limits required shall be evidenced
by properly executed certificates of insurance by the insurer. The certificate of insurance shall be personally or manually signed by the authorized representative of the insurance company shown in the certificate with proof that he/she is an
authorized representative thereof. In addition, certified, true and exact copies of all insurance policies required shall be promptly provided to SJTA. The acceptance of delivery to SJTA of any certificate of insurance and the policies evidencing
the insurance coverages and limits required in this Agreement does not constitute approval or agreement by SJTA that its insurance requirements have been met or that the insurance policies shown in the certificates of insurance are in compliance
with these requirements. No operation under this Lease shall commence at the Leased Premises unless and until the required certificates of insurance are in effect and the written notice to proceed is issued to Global by SJTA. 

15.02 The insurance coverages and limits required of Global under this Lease are designed to meet the minimum requirements of SJTA. They are
not designed as a recommended insurance program for Global. Global alone shall be responsible for the sufficiency of its own insurance’ program. As to any question Global has concerning its exposure to loss under this Lease or the possible
insurance coverages needed therefore, it should seek professional assistance. If the general liability required herein is to be issued or renewed on a “claims made” form as opposed to the “occurrence” form, the retroactive date
for coverage shall be no later than the commencement date of the occupancy or operations of Global and shall provide that in the event of cancellation or non–renewal, the discovery period for insurance claims (tail coverage) shall be unlimited.

  
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 15.03 All of the required insurance coverages shall be issued as required by law and shall
be endorsed where necessary to comply with the minimum requirements contained herein. Renewal certificates of insurance on SJTA’s form shall be provided to SJTA thirty (30) days prior to expiration of current coverages. Notwithstanding the
foregoing, the wording of all policies, forms and endorsements must be acceptable to SJTA. Should at any time Global not maintain the insurance coverages required, SJTA may terminate or suspend this Agreement if Global fails to procure such
insurance coverages within 10 days of receipt of written notice from SJTA. 
 15.04 The following are the required insurance and limits that
shall be maintained by Global: 
 (a) Workers’ Compensation and Employees’ Liability Insurance shall be maintained by Global
for all employees in accordance with the laws of the State of New Jersey. The limits of coverage shall not be less than: Workers’ Compensation—New Jersey Statutory Requirements Employers’ Liability 

$500,000 each accident for bodily injury by accident; $500,000 each employee for bodily injury by disease; and $500,000 policy limit for bodily
injury by disease 
 (b) Aircraft Liability Insurance, including all owned, non-owned and
leased aircraft, including passenger liability (with no passenger limitation). The limits of coverage shall not be less than: 
 Bodily
Injury and Property Damage Liability – twenty-five million ($25,000,000) dollars combined single limit each occurrence 

  
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 (c) General Liability Insurance, including, but not limited to, premises personal
injury, contractual, independent contractors, property damage, completed operations and products. Said policy shall not exclude coverage for the “Xi” (explosion), “C” (collapse).and “U”. (underground) property damage
liability exposures. The limit of coverage shall not be less than: 
 Bodily Injury and Property Damage Liability – twenty-five million
($25,000,000) dollars combined single limit each occurrence 
 (d) Vehicle Liability Insurance shall be maintained by Global for the
ownership, maintenance and use of all owned, non-owned, leased, hired or rented vehicles. The limit of coverage shall not be less than: 

Bodily Injury and Property Damage Liability – twenty-five million ($25,000,00) dollars combined single limit each occurrence 

(e) Environmental Impairment Liability Insurance Global shall provide Environmental Impairment Liability Insurance for the premises.
The limit of coverage shall not be less than five million ($5,000,000) dollars. 
 (f) Hangar Keepers Insurance. Global shall provide
Hangar Keepers Insurance for the premises. The limit of coverage shall not be less than twenty-five million ($25,000,000) dollars. 
 15.05
All insurance requirements and limits described in this section shall be provided by Global at all times during the term of this Agreement, unless such requirements are modified in writing by SJTA and Global. 

SECTION 16. INDEMNIFICATION 

16.01 Global agrees to indemnify fully, save and hold harmless SJTA and The Firm, their Commissioners, Directors, officers, employees, agents
and representatives, from and against all losses, damages, claims, liabilities and causes of action of every kind, or character and nature, as well as costs and fees, including reasonable attorneys’ fees, expert fees and

  
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professional fees connected therewith, and the expense of the investigation thereof, based upon or arising out of damages or injuries to third persons or their property caused by the acts or
omissions or negligence of Global and/ or the employees, agents, contractors or business invitees of Global. SJTA shall give to Global prompt and reasonable notice of any such claims or actions and Global shall have the right to investigate,
compromise and defend the same to the extent of its own interest. 
 SECTION 17. GOVERNMENTAL REQUIREMENTS 

17.01 Global shall procure all licenses, certificates, permits or other authorization from all governmental authorities, if any, having
jurisdiction over Global’s operations on the Leased Premises which may be necessary for Global’s operations under this Lease. 

17.02 Global shall pay all taxes, license, certification, permit and examination fees and excise taxes which may be assessed, levied, exacted
or imposed on the Leased Premises or operation hereunder, or on the gross receipts or income to Global therefrom, and shall make all applications, reports and returns required in connection therewith. 

17.03 Global’s obligations to comply with governmental requirements are provided herein for the purpose of assuring proper safeguards for
the protection of persons and property at the Leased Premises. 
 SECTION 18. CONDEMNATION 

18.01 In the event the Leased Premises or any part thereof shall be condemned and taken by any governmental agency or agencies for any purpose
during the term of this Lease, or sold to such governmental agency in lieu of a taking, (collectively a “Condemnation”), any award which shall be made as a result of such Condemnation shall be paid to SJTA; provided, however, that

  
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Global, consistent with its rights under applicable law, may appear in any such Condemnation proceeding and present its claims for damages arising from such Condemnation as the result of the
taking of all or any part of Global’s leasehold interest hereunder, and Global shall be entitled to retain the portion of the award allocable to such leasehold interest. 

18.02 Rent for that portion of the Leased Premises condemned shall be abated from the date that Global is dispossessed therefrom; provided,
however, if all of the Leased Premises are condemned or if a portion of the Leased Premises is condemned and the remaining portion of the Leased Premises is insufficient for Global’s operations authorized hereunder in Global’s reasonable
opinion, Global may terminate this Lease and its rent obligation hereunder effective as of the date it is dispossessed from the condemned portion (or effective as of a date thereafter and within ninety (90) days of the date of such
dispossession) by giving SJTA thirty (30) days’ written notice of such termination. 
 SECTION 19. PATENTS— TRADEMARKS

 19.01 Global represents that it is the owner of or fully authorized to use any and all services, processes, machines, articles,
malts, names or slogans used by it in its operations under or in any way connected with this Lease. Global agrees to indemnify, save and hold SJTA, its Commissioners, Directors, officers, employees, agents and representatives free and harmless of
and from any loss, liability, expense, suit or claim for damages in connection with any actual or alleged infringement of any patent, trademark or copyright, or arising from any alleged or actual unfair competition or other similar claim arising out
of the operations of Global under or in any way connected with this Lease, whether or not such claims, demands, causes of action, liabilities, etc., are made or asserted before or after termination or expiration of this Lease and to include
reasonable attorneys’ and other professional fees 

  
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 SECTION 20. ADDITIONAL FEES, CHARGES, AND OBLIGATIONS 

20.01 In addition to the rent and other amounts payable under the Lease, Global shall also pay to SJTA all regular fees imposed on Airport
users according to SJTA’s established fee schedule(s), as such fees may change from time to time. SJTA’s current fee schedule is attached as Exhibit B. 

20.02 If SJTA is required or elects to pay any sum or sums or incurs any obligations or expense by reason of: a) the failure, neglect or
refusal of Global to perform or fulfill any one or more of the conditions or agreements contained in this Lease after notice from SJTA and failure to immediately perform or fulfill said conditions or agreements, or b) as a result of an act or
omission of Global contrary to the said conditions and agreements, Global shall reimburse SJTA for the sum or sums so paid or the expense so incurred, including all interest, costs, damages and penalties within thirty (30) days of the date SJTA
sends and invoice to Global for same. 
 SECTION 21. REMEDIES OF SJTA UPON DEFAULT BY GLOBAL 

21.01 Upon the occurrence of any of the following events or at any time thereafter during the continuance thereof, SJTA may terminate the
rights of Global under this Lease upon thirty (30) days’ written notice, such termination to be effective upon the date specified in such notice: 

(a) Global shall become insolvent or shall take the benefit of any present or future insolvency statute, or shall make a general assignment for
the benefit of creditors, or file a voluntary petition in bankruptcy or a petition or an answer seeking an arrangement or its reorganization or the readjustment of its indebtedness under the federal bankruptcy laws or under any other law or statute
of the United States or of any State thereof or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its property; or 

  
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 (b)    By order of decree of a court, Global shall be adjudged bankrupt,
or an order shall be made approving a petitions filed by any of the creditors or by any of the stockholders of Global seeking its reorganization or the readjustment of its indebtedness under the federal bankruptcy laws or under any law or statute of
the United States or of any State thereof; or 
 (c)    A petition under any part of the federal bankruptcy laws, or an
action under any present or future insolvency law or statute shall be filed against Global and shall not be dismissed within sixty (60) days after the filing thereof, or 

(d)    Except as may be expressly permitted in this Lease the interest of Global under this Lease shall be transferred to,
pass to or devolve upon, by operation of law or otherwise, any other person, firm or corporation; or 
 (e)    Except as
expressly permitted in this Lease, Global shall, without the prior written approval of SJTA, become a successor or merged corporation in a merger, a constituent corporation in a consolidation, or a corporation in dissolution; or 

(f)    By or pursuant to, or under authority of any legislative act, resolution or rule, or any order or decree of any
court or governmental board, agency or officer having jurisdiction, a receiver, trustee or liquidator, shall take possession or control of all or substantially all of the Leased Premises of Global and such possession or control shall continue in
effect for a period of sixty (60) working days; or 
 (g)    Global shall voluntarily abandon, desert or vacate the
Leased Premises or discontinue its operations at the Airport or, after exhausting or abandoning any right of further appeal, Global shall be prevented for a period of sixty (60) days by action of any governmental agency having jurisdiction
thereof from conducting its operations at the Airport, regardless of the fault of Global; or 

  
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 (h)    Any lien is filed against the Leased Premises because of any act
or omission of Global; and is not removed or Global fails to diligently pursue the removal of said lien within forty-five (45) days after notice to Global thereof, or 

(i)    Global shall fail to duly and punctually pay the fees, rent, or make any other payment required under the Lease
when due to SJTA, and shall persist in its failure for a period of twenty (20) days following the receipt of written notice of such default from SJTA; or 

(j) Global shall fail to keep, perform and observe each and every other promise and agreement set forth in this Lease on its part, within
thirty (30) days after receipt of notice of default thereunder from SJTA (except where fulfillment of its obligation requires activity over a period of time and Global shall have commenced substantially to perform whatever may be required for
fulfillment within thirty (30) days after receipt of notice and continues diligently such substantial performance without interruption, except for causes beyond its control). 

21.02    In addition to the right of termination provided in Section 21.01 and any other right of termination
provided for in this Lease, SJTA shall also have the right to pursue any additional rights or remedies SJTA would have at law or in equity consequent upon any breach of this Lease by Global. The exercise by SJTA of any right of termination shall be
without prejudice to any other such rights and remedies. 
 SECTION 22. SURRENDER AND RIGHT OF
RE-ENTRY 
 22.01    Global covenants and agrees to yield and deliver
peaceably, promptly and in good condition to SJTA possession of the Leased Premises on the date of cessation of the Lease, whether such cessation be by termination, expiration or otherwise, except for reasonable wear which does not cause or tend to
cause deterioration of the improvements or adversely affect the efficiency or proper utilization thereof, free and clear of liens and encumbrances made by or against Global, except as expressly provided herein. 

  
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 22.02 SJTA shall, as an additional remedy upon the giving of a notice of termination as
provided in Section 21 have the right to reenter the Leased Premises and every part thereof upon the effective date of termination without further notice of any kind, and may regain and resume possession either with or without the institution
of summary or any other legal proceedings or otherwise. Such re-entry, or regaining or resumption of possession, however, shall not in any manner affect, alter or diminish any of the obligations of Global
under this Lease and shall in no event constitute an acceptance of surrender. 
 SECTION 23. SURVIVAL OF THE OBLIGATIONS OF GLOBAL

 23.01 In the event that the Lease shall have been terminated in accordance with a notice of termination as provided in
Section 21 or in the event that SJTA has re-entered, regained or resumed possession of the Leased Premises in accordance with the provisions of Section 22, all the obligations of Global under this
Lease shall survive such termination or cancellation, re-entry, regaining or resumption of possession and shall remain in full force and effect for the full term of this Lease. The amount or amounts of damages
or deficiency shall become due and payable to SJTA to the same extent, at the same time or times, and in the same manner as if no termination, cancellation, re-entry, regaining or resumption of possession had
taken place. SJTA may maintain separate actions each month to recover the damage or deficiency then due or at its option and, at any time, may sue to recover the full deficiency for the entire unexpired term of the Agreement. 

SECTION 24. USE SUBSEQUENT TO CANCELLATION OR TERMINATION 

24.01 SJTA, upon termination or cancellation pursuant to Section 21, or upon any re-entry, regaining or resumption of possession pursuant
to Section 22 may occupy the Leased Premises or may enter into an agreement with another entity and shall have the right to permit any person, firm or corporation to enter upon the Leased Premises and to use the same. Such use may only be
a part of the Leased Premises or of the entire Leased Premises, together with other Leased 

  
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Premises, for a period of time the same as or different from the balance of the term hereunder remaining and on terms and conditions the same as or different from those set forth in this Lease.
SJTA shall also, upon said termination or cancellation, or upon said re-entry, regaining or resumption of possession, have the right to repair and to make structural other changes in the Leased Premises,
including changes which alter the character of the Leased Premises and the suitability thereof for the purposes of Global under this Agreement, without affecting altering or diminishing the obligations of Global hereunder. 

24.02 In the event of either use by others, or of any actual use and occupancy by SJTA, there shall be credited to the account of Global,
against its survived obligations hereunder, any net amount remaining after deducting from the amount actually received from any user, licensee, permittee or other occupier in connection with the use of the said Leased Premises, or portion thereof,
during the balance of the term of use and occupancy as the same is originally stated in this Lease, or from the market value of the occupancy of such portion of the Leased Premises as SJTA may itself during such period actually use and occupy, less
all reasonable expenses, costs and disbursements incurred or paid by SJTA in connection therewith. 
 24.03 No such use and occupancy shall
be or be construed to be an acceptance of a surrender of the Leased Premises, nor shall such use and occupancy constitute a waiver of any rights of SJTA hereunder. SJTA will use its best efforts to minimize damages to Global under this section
commensurate with its obligations under this Agreement. 
 SECTION 25. LIMITATION OF RIGHTS AND PRIVILEGES GRANTED 

25.01 No exclusive rights at the Airport are granted to Global by this Lease and no greater rights or privileges with respect to the use of
the Leased Premises or any part thereof are granted or intended to be granted to Global by this Lease, or by any provision hereof, than the rights and privileges expressly and specifically granted hereby. 

  
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 25.02 Global hereby irrevocably elects not to claim depreciation or an investment credit
with respect to the Leased Premises for federal income tax or other purposes within the intendment of Section 142(bXl)(B). This election is binding on Global and any and all successors in interest under this Agreement. 

SECTION 26. REMOVAL OF PERSONAL PROPERTY 

26.01 Global shall have the right at any time during the term of this Lease to remove its equipment, inventories, removable fixtures and other
personal property from the Leased Premises. If Global shall fail to remove its property on or before the termination or expiration of the term of this Lease, SJTA may remove such property to a public warehouse for deposit or retain the same in its
own possession, all without insurance, and sell the same at public auction, the proceeds of which shall be applied first to the expense of removal, storage and sale and second, to any sums owed by Global to SJTA, with any balance remaining to be
paid to Global; but if the expenses of such removal, storage and sale shall exceed the proceeds of sale, Global shall pay such excess to SJTA upon demand. 

SECTION 27. ASSIGNMENT AND SUBLEASE 

27.01 Global shall not transfer, assign or sublease all or any part of the Leased Premises or any rights or privileges conferred upon Global
by this Lease without first obtaining the prior written consent of SJTA, which consent shall be at SJTA’s sole discretion. Global shall provide to the SJTA, sufficient documentation in the SJTA’s sole discretion, evidencing that the
proposed assignee or subtenant is capable of performing all obligations under the Lease or the Sublease. Any permitted sublease tenant shall be subject to all of the same terms and conditions set forth in this Lease. Notwithstanding any sublease
Global shall remain responsible for all obligations under this Lease. Global shall require the subtenant to comply with all Lease obligations under its respective sublease. 

27.02 SJTA may assign the Lease to any operator of the Airport. 

  
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 SECTION 28. COMPLIANCE WITH LAWS, RULES AND REGULATIONS 

28.01 Global shall obey, and shall cause all personnel employed by it, to obey all present or future regulations of SJTA and all State and
Federal laws governing its operations on the Leased Premises, together with any and all rules and regulations of any State, Federal or municipal agency, commission, body or officer having jurisdiction over the Airport, or over any business conducted
thereon by Global. 
 SECTION 29. COVENANTS OF QUIET POSSESSION, 

REPRESENTATIONS & WARRANTIES 

29.01 SJTA agrees and warrants that it will, throughout the term of this Lease, and of any extensions thereof, subject only to the specific
exceptions, conditions and provisions contained herein, preserve and maintain Global in possession of the Leased Premises. 
 29.02 SJTA
hereby covenants and warrants that it has full and lawful right and authority to enter into this Lease for the full term hereof, and further that SJTA is lawfully seized of the Leased Premises and has good title thereto. 

29.03 SJTA covenants and warrants that it will at all time maintain and operate a good and secure Airport, and SJTA shall maintain and operate
the Airport in compliance with all rules, regulations, statutes, orders, directives, or other mandates of the United States of America or of the State of New Jersey. 

29.04 This Lease is expressly entered into by SJTA, and the rights of Global under the Lease are expressly subject to the following exceptions
and conditions: 
 (a) To all rights of the United States of America to take over the Airport (including the Leased Premises), in whole or in
part, regardless of the source of such right, but Global retains and reserves all legal rights it may have to seek compensation for and to recover from the United States of America, or any agency thereof, the value of the loss of its leasehold
interest to the full extent permitted under this Agreement; 

  
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 (b) To all applicable Federal, State and local rules and regulations, and subject to all
rules and regulations heretofore established for the conduct and operation of the Airport by SJTA, as well as all such reasonable rules and regulations hereafter adopted; and 

(c) To any existing easements for radar lines, rights-of-way
lines, sanitary or storm sewers, and other’ encumbrances of record, upon or across the Leased Premises. 
 SECTION 30. REMEDIES OF
GLOBAL UPON DEFAULT BY SJTA 
 30.01 In the event that SJTA fails to keep, perform its material obligations as set forth in this
Lease, within thirty (30) days after receipt of written notice of default thereunder from Global (except where fulfillment of its obligation requires activity over a longer period of time and SJTA shall have commenced substantially to perform
whatever way be required for fulfillment within thirty (30) days after receipt of written notice and continues such performance without interruption except for causes beyond its control), Global shall have such remedies as are provided at law
and at equity consequent upon any breach of this Lease by SJTA. 
 30.02 No waiver by Global of any default on the part of SJTA in
performance of any of the terms, covenants or conditions hereto to be performed, kept or observed by SJTA shall be or be construed to be a waiver by Global of any other or subsequent default in performance of any of the valid terms, agreements and
conditions. 
 SECTION 31. NO LIENS 

31.01 Global shall pay for all labor done or materials furnished in the repair, replacement, development or improvement of the Leased Premises
by Global and shall keep said Leased Premises free and clear of any lien or encumbrance of any kind whatsoever created by Global’s act or omission. 

  
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 SECTION 32. HAZARDOUS SUBSTANCES 

32.01 Except as consistent with the usual practices of an operator of the uses permitted on Section 6 and subject to the requirements of
this Lease, no goods, merchandise or materials shall be kept, stored or sold in or on the Leased Premises or facilities which are explosive or hazardous; and no offensive or dangerous trade, business or occupation shall be carried on therein or
thereon. 
 SECTION 33. WAIVERS 

33.01 No waiver by SJTA at any time of any of the terms, conditions, covenants or agreements of this Lease, or noncompliance therewith, shall
be deemed or taken as a waiver at any time thereafter of the same or any other term, condition, covenant or agreement herein contained, nor of the strict and prompt performance thereof by Global. No delay, failure or omission of SJTA to re-enter the Leased Premises or to exercise any right, power, privilege or option arising from any default, nor subsequent acceptance of fees then or thereafter accrued, shall impair any such right, power, privilege
or option, or be construed to be a waiver of any such default or relinquishment thereof, or acquiescence therein. No notice by SJTA shall be required to restore or revive time as of the essence hereof after waiver by SJTA or default in one or more
instances. No option, right, power, remedy or privilege of SJTA shall be construed as being exhausted or discharged by the exercise thereof in one or more instances. It is agreed that each and all of the rights, powers, options or remedies given to
SJTA by this Agreement are cumulative and no one of them shall be exclusive of the other or exclusive of any remedies provided by law, and that the exercise of one right, power, option or remedy by SJTA shall not impair its rights to any other
right, power, option or remedy. 

  
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 SECTION 34. WAIVER OF CLAIMS 

34.01 Global hereby waives any and all claims against SJTA and its Commissioners, Directors, officers, employees, agents and representatives
for loss of anticipated profits that is caused by any suit or proceeding directly or indirectly attacking the validity of this Lease, or any part thereof, or by any judgment or award in any suit or proceeding declaring this Lease null, void or
voidable, or delaying the same, or any part hereof, from being carried out. 
 SECTION 35. FIRE AND POLICE PROTECTION 

35.01 SJTA shall provide, or cause to be provided, during the term, all proper and appropriate public fire and police protection similar to
that afforded to other users at the Airport, and it will issue and enforce rules and regulations with respect thereto for all portions of the Airport. Global shall have the right, but shall not be obligated, to provide such additional or
supplemental public protection as it may desire, but such right, whether or not exercised by Global, shall not in any way be construed to limit or reduce the obligations of SJTA. Any supplemental public protection company used by Global must be
approved in advance in writing by SJTA which approval shall not be unreasonably withheld or delayed. 
 SECTION 36. PUBLIC USE AND
FEDERAL GRANTS, NONDISCRIMINATION 
 36.01 Grant agreements. The Leased Premises, the Airport and Global’s rights under the
Lease are subject to the terms of those certain sponsor’s assurances made to guarantee the public use of the Airport as incidental to grant agreements between SJTA and the United States of America, as amended, and the deed from the City of
Atlantic City, predecessor in title to the Leased Premises, and SJTA represents that none of the provisions of this Lease violate any of the provisions of the Sponsor’s Assurance Agreement or said deed. 

  
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 36.02 Non-exclusive rights. It is further covenanted
and agreed that nothing contained in this Lease shall be construed to grant or authorize the granting of an exclusive right within the meaning of Section 308 of the Federal Aviation Act of 1958. 

36.03 Right to develop Airport. It is further covenanted and agreed that SJTA reserves the right to further develop or improve the Airport, as
well as all landing areas and taxiways, as it may see fit in its sole discretion, regardless of the desires or views of Global and without interference or hindrance. 

36.04 Subordination of Agreement. Global covenants and agrees that this Lease shall be subordinate to the provisions of any existing or future
agreements between SJTA and the United States Government relative to the operations or maintenance of the Airport, the execution of which has been or will be required as a condition precedent to the granting of Federal funds for the development of
the Airport to the extent that the provisions of any such existing or future agreements are generally required by the United States at other civil airports receiving Federal funds; and provided that SJTA agrees to give Global written notice in
advance of the execution of such agreements and of any provisions which will modify the terms of this Agreement. 
 36.05 Nondiscrimination.
Global, for itself, its officers, agents, insurers, successors in interest and assigns, as a part of the consideration hereof, does hereby covenant and agree, as a covenant running with the land, that: 

(a) No person on the grounds of age, race, creed, color, national origin, ancestry, marital status, sex or affectional or sexual
orientation shall be excluded from participation in, denied the benefits of; or otherwise be subjected to discrimination in the use of the Leased Premises; 

  
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 (b) That in the construction of any improvements on, over or under such Leased Premises and
the furnishing of services thereon, no person on the grounds of age, race, creed, color, national origin, ancestry, marital status, sex or affectional or sexual orientation shall be excluded from participation in, denied the benefits of, or
otherwise be subjected to discrimination; 
 (c) Global shall use the Leased Premises in compliance with all other requirements imposed by
or pursuant to Title 49, Code of Federal Regulations, Department of Transportation, Subtitle A, Office of the Secretary, Part 21, Nondiscrimination in Federally-assisted Programs of the Department of Transportation-Effectuation of Title VI of the
Civil Rights Act —of 1964, and as said regulations may be amended. 
 (d) That in the event of breach of any of the above
nondiscrimination covenants, SJTA shall have the right to re-enter said Leased Premises and said Leased Premises shall thereupon revert to, and vest in and become the absolute property of SJTA and its assigns.
This provision shall not be effective until the procedures of Title 49. Code of the Federal Regulations, Part 21, are followed and completed, including exercise or expiration to appeal rights. 

(e) Global assures that it will undertake an affirmative action program as required by 14 CFR Part 152, Subpart E, to ensure that no person
shall on the grounds of age, race, creed, color, national origin, ancestry, marital status or sex be excluded from participating in any employment activities covered by 14 CFR Part 152, Subpart E. Global assures that no person shall be excluded on
these grounds from participating in or receiving the services or benefits of any program or activity covered by this subpart. Global assures that it will require that its covered suborganizations provide assurances to Global that they similarly will
undertake affirmative action programs and that they will require assurances from their suborganizations, as required by 14 CFR Part 152, Subpart E, to the same effect. 

  
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 36.05 Right to amend. In the event that the Federal Aviation Administration or its
successors requires modifications or changes in this Lease as a condition precedent to the granting of funds for the improvement of the Airport, Global agrees to consent to such amendments, modifications, revisions, supplements or deletions of any
of the terms, conditions or requirements of this Lease as may be reasonably required to obtain such funds; provided, however, that in no event will Global be required, pursuant to this section, to agree to an increase in the fees provided for
hereunder, to a change in the use, to a reduction in size of the Leased Premises, or to a material reduction in the privileges and rights granted under this Agreement. 

SECTION 37. REGULATIONS OF SJTA; COMPLIANCE WITH LAWS, 

RULES AND REGULATIONS 

37.01 The occupancy and use by Global of the Leased Premises and the rights herein conferred upon Global shall be subject to valid rules and
regulations as are now or may hereafter be prescribed by SJTA through the lawful exercise of its powers and subject to the minimum standards adopted by SJTA; provided, however, that no such rule or regulation shall be of such nature as to
substantially interfere with or cause any substantial derogation or infringement with or upon the rights and privileges herein in this Agreement granted to Global, Global shall be given thirty (30) days’ advance written notice of any
proposed changes or additions to such rules and regulations and an opportunity to be heard thereon. Except for the aforementioned provisions stated herein, the right of SJTA to amend its minimum standards shall be absolute and in SJTA’s sole
discretion. 

  
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 SECTION 38. TERMS BINDING UPON SUCCESSORS 

38.01 All the terms, conditions and covenants of this Lease shall inure to the benefit of and be binding upon the successors and assigns of
the Parties hereto. The provisions of this section shall not be deemed as a waiver of any of the conditions against assignment hereinbefore set forth. 

SECTION 39. NOTICES 

39.01 All notices provided for herein shall be in writing. Notices may be hand delivered, sent by overnight mail or sent by certified mail,
RRR. Notices sent by hand delivery and by overnight mail shall be effective upon receipt. Notices sent by certified mail, RRR shall be deemed effective on the third calendar day after mailing. 

39.02 Any notice permitted or required to be served upon Global may be served upon it at: 

GLOBAL CROSSING AIRLINES 

Building 5A, 4200 NW 36th Street 

Miami Int’l Airport, Miami FL 33166 

39.03 If Global shall give notice in writing to SJTA of any change in the above address, then and in such event, such notice shall be given to
Global at such substituted address. 
 39.04 Any notice permitted or required to be served upon SJTA may be served it at: 

Atlantic City International Airport, Suite 106 

101 Airport Road 
 Egg Harbor
Township, NJ 08234 
 ATTN: Airport Director 

39.05 If SJTA shall give notice in writing to Global of any change in said address, then in such event, such notice shall be given to SJTA at
such substituted address. 

  
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 SECTION 40. BROKERAGE 

40.01 Global represents and warrants that no broker has been involved on its behalf in the negotiation of this Lease and that
there is no such broker who is or may be entitled to be paid a commission in connection with this Lease. Global shall indemnify and save harmless SJTA from any claim for commission or brokerage made by any such broker when such claim is based, in
whole or in part, upon any act or omission of Global, whether or not such claims, demands, causes of action, liabilities, etc., are made or asserted before or after termination or expiration of this Lease. Global shall reimburse SJTA all expenses
incurred by SJTA, to include ‘reasonable attorneys’ and other professional fees, to investigate and defend any claim made against SJTA for a brokerage fee as a result of this Lease. 

SECTION 41. AGREEMENT MADE IN NEW JERSEY, JURISDICTION 

41.01 This Agreement has been made in and shall be construed in accordance with the laws of the State of New Jersey. Jurisdiction lies in the
state or federal court of the State of New Jersey. All duties, obligations and liabilities of SJTA and Global with respect to the Leased Premises are expressly set forth herein, and this Agreement can only be amended in writing and agreed to by both
Parties. 
 SECTION 42. HEADINGS 

42.01 The section and subsection headings contained herein are for convenience in reference and are not intended to define or limit the scope
of any provision of this Lease. 
 SECTION 43. ENTIRE AGREEMENT 

43.01 The foregoing constitutes the entire agreement of the Parties on the subject matter hereof. The Lease may not be changed, modified,
discharged or extended except by written instrument duly executed by SJTA and Global. Global agrees that no representations or warranties shall be binding upon SJTA unless expressed in writing in this Lease. 

IN WITNESS WHEREOF, the Parties hereto have set their hands and seals the day and year first written above. 

  
 43 

									
	Witness/Attest	 		 	SOUTH JERSEY TRANSPORTATION AUTHORITY
					
		 	 

	 		 	By:	 	/s/ Stephen F. Dougherty
		 		 		 		 	Title: Stephen F. Dougherty
		 		 		 		 	Date: Executive Director
			
	Witness/Attest	 		 	GLOBAL CROSSING AIRLINES, INC.
					
		 	/s/ Ryan Goepel	 		 	By:	 	/s/ Edward J Wegel
		 	 Ryan Goepel
	 		 		 	Title: Chairman / CEO
		 	CFO	 		 		 	Date: July 21, 2020

  
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 EXHIBIT A 
  

 

  
 45 

					
	

	  	EXHIBIT B	  	

 South Jersey Transportation Authority 

Atlantic City International Airport 
 Airline
Rates & Charges 
 Effective-1/1/2020 

 

									
	 	  	Signatory	 	  	Non-Siqnatory	 
	 Terminal Building Rent
	  	$	28.59	 	  	$	32.15 per square foot	 
	 Landing Fee
	  	$	1.55	 	  	$	1.88 per 1,000 lbs. MGLW	 
	 Landing Fee - Diversions
	  	$	1.55	 	  	$	2.35 per 1,000 lbs. MGLW	 
	 Ramp Fee
	  	$	1.56	 	  	 	Not Applicable per 1,000 lbs. MGLW	 
	 Terminal Use Fee
	  	 	Not Applicable	 	  	 	Per Exhibit B	 
	 Loading Bridge Fee
	  	$
 	15 PER TURN AFTER 91 el
FLIGHT Arrival	 
 	  	$	15.00 per turn	 
	 (LBF for Signatory included in Ramp Fee)
	  
	  			

  

													
	 Security Fee
	  	 	 	  	 	 	  	 	 
	 2020
	  	$	0.25	 	  	$	0.31	 	  	 	per enplaned passenger	 
	 2021
	  	$	0.50 	 	  	$	0.63	 	  	 	per enplaned passenger	 
	 2022
	  	$	0.75	 	  	$	0.94	 	  	 	per enplaned passenger	 
	 2023
	  	$	1.00	 	  	$	1.25	 	  	 	per enplaned passenger	 
	 Unimproved Land Rent
	  	$	10.00	 	  	$	10.00	 	  	 	per square foot	 
	 Passenger Facility Charge
	  	$	4.50	 	  	$	4.50	 	  	 	per enplaned passenger	 

 Discount Programs for Scheduled Service 
  

					
	 Scheduled Service-Ramp Fee Discount
	 
	0-70 Arrivals per week	  	 	0% discount	 
	71-77 Arrivals per week	  	 	25% discount	 
	78-84 Arrivals per week	  	 	50% discount	 
	85-91 Arrivals per week	  	 	75% discount	 
	92+Arrivals per week	  	 	100% discount	 

  

					
	 Fuel Flowage Fee Discount
	  	 	 
	1-250,000 Gallons purchased	  	$	0.03 per gallon	 
	250,001-500,000 Gallons purchased	  	$	0.025 per gallon	 
	500,001-750,000 Gallons purchased	  	$	0.020 per gallon	 
	750,000 + Gallons purchased	  	$	0.015 per gallon	 

  

					
	 Other Fees
	 
	Federal Inspection Services	  	 	per schedule	 
	Utilities	  	 	proportionate share	 

 Aircraft Parking Fee 

Signatory Airlines will be assessed an aircraft parking fee when remaining on the ramp beyond 12 hours or remaining overnight between the hours of 2100 and
0300. 
  

													
	 AIRCRAFT SIZE
	  	0-12 HOURS
OR FRACTION	 	  	13-24 HOURS
OR FRACTION	 	  	ADDL 24 HOURS
OR FRACTION	 
	 0-50,001 MGLW
	  	$	10.00	 	  	$	22.50	 	  	$	15.63	 
	 50,002 + MGLW(per1,000 lbs)
	  	$	0.211	 	  	$	0.473	 	  	$	0.329	 

 Definitions 

Signatory Airline- A certified scheduled service airline utitilizing aircraft with a seating capacity of 31 seats or more that has signed a lease (or
permit) for a minimum rental of 500 square feet for a least one (1) year and has at least one daily departure and/or guarantees 217 available seats per week for the duration of the service agreed upon while maintaining minimum service levels
agreed upon during the term of its agreement (the “Signatory Airline Requirements”). 
 Landing - any landing at the Airport by an
aircraft, but does not include a landing by an aircraft that returns to the airport because of weather, mechanical, operational, or other emergency or precautionary reasons. 

Resolutions: 2002-38, 2002-59,
2004-84, 2009-136, 2010-81 

  
 46

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