Document:

Exhibit 10.18

 

PRE-OWNED AIRCRAFT PURCHASE AND SALES AGREEMENT

 

This Pre-owned Aircraft
Purchase and Sales Agreement (“Agreement”), is entered into as of December 15,
2004 by and between Altria Corporate Services, Inc., with an address at Hanger
D-2, Westchester County Airport, 180 Airport Road, White Plains, NY 10604 (“Seller”),
and Kraft Foods Aviation, LLC, with an address at 910 Mayer Avenue, Madison, WI
53704 (“Purchaser”).

 

WHEREAS, Seller desires to
sell the aircraft as specified below to Purchaser, and

 

WHEREAS, Purchaser desires
to purchase such aircraft from Seller on the terms and conditions set forth in
this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants herein contained, the parties agree as
follows:

 

1.                                       The Aircraft. Subject to the terms and conditions of this
Agreement, the Purchaser agrees to purchase and Seller agrees to sell the
following aircraft:

 

Make
and Model: Gulfstream Aerospace, Gulfstream IV-SP

Serial
Number: 1452

Registration
Number: N603PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18039; (right) 18036

 

All
of the above will hereinafter be referred to collectively as the “Aircraft”,
the specifications of which are contained in Exhibit “A” herein.

 

2.                                       Purchase Price and Payment
Terms. Purchaser agrees to
pay Seller a total purchase price of Twenty-Seven Million Forty Thousand Two
Hundred U.S. Dollars (USD $27,040,200) (the “Purchase Price”) which shall be
payable to Seller at the time of delivery of the Aircraft, as provided for in
Section 7 below. Payment of the Purchase Price shall be made to Seller to Account
Number [ ] at Citibank, NY (Bank ABA 021000089) for the credit of Altria Corporate
Services, Inc. (unless otherwise specified by Seller) in immediately available
U.S. funds.

 

3.                                       Pre-purchase Inspection. Purchaser shall have five (5) business days
from the date hereof to complete, at its expense, a pre-purchase inspection and
flight test of the Aircraft in order to determine whether there are any “Discrepancies”
in the Aircraft, as defined in Section 4 below. The pre-purchase inspection
shall take place at the Gulfstream Aerospace facility in Appleton, Wisconsin or
another mutually agreed upon location. The test flight of the Aircraft shall be
controlled by Seller with Seller’s pilot in command and shall occur during the
course of the flight of the Aircraft to the pre-purchase inspection site.
Purchaser may retain (at its cost and expense) a third party to perform the
pre-purchase inspection on Purchaser’s behalf.

 

4.                                       Delivery Conditions. The Aircraft shall be in the following
condition:

 

 

(A)                              The Aircraft shall be fully serviceable and
in an airworthy condition in accordance with the Federal Aviation
Administration (“FAA”) Part 91 Regulations for Civil Aircraft, normal wear and
tear excepted.

 

(B)                                All Aircraft systems shall be fully
functional and operational as required by the airframe or engine manufacturers’
maintenance manuals.

 

(C)                                The Aircraft shall be delivered with a
current FAA Standard Certificate of Airworthiness.

 

(D)                               The Aircraft maintenance shall be current and
in complete compliance with the manufacturer’s recommended maintenance schedule
for such aircraft model which will include but may not be limited to:

 

(1)                                  Airframe, engine, and APU component overhaul
periods shall be complied with. Any replacement items will have been completely
overhauled and at zero time when installed, with complete and accurate
supporting technical documentation, such as log book entries and serviceable
tags that verify the component(s) origin and its condition at installation.

 

(2)                                  All Airframe, engine, APU and accessory FAA
Airworthiness Directives applicable to the Aircraft shall be incorporated prior
to Delivery (as defined in Section 7 below).

 

(3)                                  All Airframe, engine, APU and component
mandatory service bulletins or “Active” customer bulletins applicable to the
Aircraft shall be embodied prior to Delivery.

 

(E)                                 The Aircraft’s weight and balance schedule
shall be current and represent the Aircraft’s configuration at Delivery.

 

(F)                                 The Aircraft shall have suffered no
structural damage that requires an entry to be placed within the Aircraft’s
maintenance records which has not been identified and scheduled for permanent
repair at Seller’s cost.

 

(G)                                The Aircraft shall not have incurred any
reduction to either its specified fatigue life or routine maintenance
inspections.

 

(H)                               All applicable maintenance service plans,
including but not limited to CMP and JSSI, shall be paid in full, current, and
assignable at no cost to Purchaser.

 

Further,
at Delivery, ownership of all airframe, engine, APU, component, and associated
equipment maintenance records and manuals shall be conveyed by Seller to
Purchaser which shall include but not be limited to:

 

(1)                                  Log books, work cards, NDT radiographs,
computerized maintenance history and any engineering instructions by the
Aircraft manufacturer’s engineering department.

 

2

 

(2)                                  Component serviceability tags or Certificates
of Conformity.

 

(3)                                  Copies of FAA approved STC’s and 337
alteration forms.

 

(4)                                  All manuals conveyed to Purchaser which are
subject to periodic revision shall be fully up to date and current to the
latest revision standard.

 

In
addition, Seller will also supply Purchaser with an inventory list of all loose
equipment, tools, manuals, log books and any other associated Aircraft records
or documentation ownership of which will be conveyed to Purchaser at Delivery.

 

5.                                       Correction of Discrepancies.
If the Aircraft fails to
conform to the specifications in Exhibit A and/or the delivery conditions set
forth in Section 4 above (any such failure a “Discrepancy”), Purchaser shall
not be obligated to accept the Aircraft unless, prior to the time of Delivery,
Seller either (i) corrects at Seller’s expense any Discrepancies discovered during
the pre-purchase inspection, or (ii) commits to Purchaser in writing to correct
at Seller’s expense any such Discrepancies in a manner and within a time frame
reasonably acceptable to Purchaser. Upon (x) determination that there are no
Discrepancies, (y) correction of any Discrepancies, or (z) Seller’s commitment
to correct any Discrepancies as provided in the preceding sentence, Purchaser
shall, at the time of Delivery, execute a Final Delivery and Acceptance Receipt
in the form of Exhibit B attached hereto. In the event that any Discrepancies
have not been corrected by the time of Delivery, the Final Delivery and Acceptance
Receipt shall indicate the Discrepancies to be resolved and the time frame and manner
in which the parties have agreed that Seller shall correct such Discrepancies,
and will be countersigned by Seller to indicate its agreement.

 

6.                                       Failure of Seller to Correct
or Agree to Correct Discrepancies. Subject to the provisions of Section 5 above, if Seller does not
correct or agree to correct the Discrepancies disclosed by Purchaser’s
inspection in accordance with the provisions of Section 5 above, Purchaser may
terminate this Agreement. Upon such termination of this Agreement, neither
party shall have any obligation to the other or liability resulting from this
Agreement.

 

7.                                       Delivery, Payment and Bill
of Sale. Delivery of the
Aircraft by Seller to Purchaser (“Delivery”) shall take place on or about
December 22, 2004 (the “time of Delivery”), at the Gulfstream Aerospace
facility in Appleton, Wisconsin or such other place as may be mutually agreed
upon, at which time Purchaser shall execute a Final Delivery and Acceptance
Receipt (Exhibit B attached hereto).

 

At
the time of Delivery, the Aircraft shall be free and clear of all liens and
encumbrances, and shall be delivered with a marketable title and a valid
Certificate of Airworthiness. At the time of Delivery, Seller will transfer to
Purchaser ownership of complete consecutive and original logbooks, all
maintenance manuals as supplied by the manufacturer of components installed,
along with current and complete wiring diagrams, weight and balance manuals and
avionics manuals.

 

3

 

At
the time of Delivery and upon Seller’s receipt of the Purchase Price, Seller
shall deliver to Purchaser a bill of sale in the form set forth in Exhibit C
hereto (the “Bill of Sale”) and such other documents of title as may be
appropriate.

 

8.                                       Title and Risk of Loss. Risk of loss, injury, destruction or damage
to the Aircraft by fire or casualty or other occurrence shall pass from Seller
to Purchaser and title to the Aircraft shall pass to Purchaser at the time full
and complete payment has been received by Seller and the Bill of Sale or other
document conveying title of the Aircraft to Purchaser free and clear of all liens,
charges, or encumbrances, has been filed with the FAA.

 

9.                                       Taxes. Seller warrants that there are no outstanding
or delinquent taxes attributable to the Aircraft as of the date hereof and that
at the time of Delivery there shall be no such taxes outstanding or delinquent
(except as may be specifically stated herein). Purchaser hereby agrees to pay
all taxes, duties, charges or fees that may be assessed or levied by any
Federal, State, or local taxing authority as a result of the sale, use,
registration or ownership of the Aircraft on or after the time of Delivery, but
specifically excluding any capital gains, income, or other similar taxes of Seller.

 

10.                                 Warranties and
Representations. Seller
warrants that at the time of Delivery, it will have good and marketable title
to the Aircraft, the right to sell the Aircraft, and that the Aircraft will be
free and clear of all liens, charges and encumbrances. Purchaser represents and
warrants that it has full authority to enter into this Agreement and purchase
and receive Delivery of the Aircraft as provided for herein.

 

11.                                 Disclaimer and Release. SUBJECT ONLY TO THE PROVISIONS OF A FINAL DELIVERY
AND ACCEPTANCE RECEIPT FOR THE AIRCRAFT EXECUTED BY PURCHASER AND SELLER, THE
AIRCRAFT AND THE OTHER ITEMS DELIVERED HEREUNDER ARE SOLD TO PURCHASER SUBJECT
TO INSPECTION AND CORRECTION OF DISCREPANCIES PRIOR TO DELIVERY OF THE AIRCRAFT
AND AS A RESULT ARE BEING SOLD “AS-IS” WITHOUT WARRANTIES OR REPRESENTATIONS OF
ANY KIND EXCEPT THE WARRANTY OF TITLE SET FORTH IN SECTION 10 ABOVE WHICH IS
EXCLUSIVE AND IN SUBSTITUTION FOR, AND PURCHASER HEREBY WAIVES, RELEASES AND
RENOUNCES, ALL OTHER WARRANTIES, CONDITIONS, OBLIGATIONS AND LIABILITIES OF SELLER
AND ALL RIGHTS, CLAIMS AND REMEDIES OF PURCHASER AGAINST SELLER, EXPRESS OR
IMPLIED, ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMANCE OR
DEFECT IN THE AIRCRAFT OR OTHER THING DELIVERED UNDER THIS AGREEMENT. THE
WARRANTIES CONDITIONS, OBLIGATIONS AND LIABILITIES OF SELLER, AND THE RIGHTS, CLAIMS
AND REMEDIES OF PURCHASER THAT ARE SUBSTITUTED, WAIVED, RELEASED AND RENOUNCED
INCLUDE, BUT ARE NOT LIMITED TO:

 

(A)                              ANY WARRANTY AS TO THE AIRWORTHINESS OR CONDITION
OF THE AIRCRAFT OR ANY OTHER THING DELIVERED UNDER THIS AGREEMENT;

 

(B)                                ANY IMPLIED WARRANTY OR CONDITION OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE;

 

4

 

(C)                                ANY IMPLIED WARRANTY OR CONDITION ARISING
FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

 

(D)                               ANY OBLIGATION, LIABILITY, RIGHT,  CLAIM 
OR REMEDY IN TORT, WHETHER OR NOT ARISING FROM THE ACTIVE, PASSIVE OR
IMPUTED NEGLIGENCE OR STRICT PRODUCTS LIABILITY OF SELLER; AND

 

(E)                                 ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR
REMEDY FOR LOSS OF OR DAMAGE TO THE AIRCRAFT OR TO ANY PART OF THE AIRCRAFT.

 

12.                                 Manufacturer’s Warranties. To the extent that any manufacturer’s
warranties are still in effect with respect to the Aircraft (other than
warranties which by their terms are not assignable), Seller will reasonably
assist Purchaser to maintain continuity of the warranties and take such other
reasonable steps to assist Purchaser to process warranty claims directly with
the manufacturers.

 

13.                                 Force Majeure. Seller shall not be liable for any failure of
or delay in Delivery of the Aircraft for the period that such failure or delay
is due to acts of God or public enemy; civil war; insurrection or riots; fires;
explosions or serious accidents; governmental priorities or allocations,
strikes or labor disputes; inability to obtain the Aircraft, necessary
materials, accessories, equipment or parts from the manufacturer thereof, or
any other cause beyond Seller’s control. In such event, Seller will advise
Purchaser either (A) of its inability to deliver, in which event this Agreement
shall terminate and shall be without further force and effect, or (B) of Seller’s
intention that it can deliver the Aircraft within thirty (30) days of such
notice, in which event, Purchaser agrees to extend the time of Delivery by
Seller for such thirty (30) day period.

 

If
Purchaser fails to accept the Aircraft under the terms and conditions of this
Agreement, upon written notice to the Purchaser, Seller may, at its sole
discretion and as its sole remedy, cancel this Agreement, and proceed to
otherwise sell or dispose of the Aircraft with no further liability to the
Purchaser.

 

If
Seller fails to deliver the Aircraft as provided in this Agreement and Seller’s
failure is not excused as provided herein, Purchaser may sue Seller for
specific performance.

 

14.                                 Indemnification. Purchaser hereby agrees to defend, indemnify,
and hold harmless Seller and its agents, directors, officers, employees and
affiliates from and against any and all claims, demands, suits, obligations,
liabilities, damages, losses and judgments, including legal fees, costs and
expenses, occurring at any time after Delivery of the Aircraft and in any manner
arising out of or in any way connected with the ownership, custody, movement, purchase,
sale, use, operation, repair, maintenance, modification, storage or disposition
of the Aircraft or materials after the Delivery thereof to Purchaser, whether
or not arising in tort or occasioned in whole or in part by any fault or
negligence of Seller.

 

15.                                 Exclusion of Liabilities. SELLER SHALL HAVE NO OBLIGATION OR LIABILITY
(AT LAW OR IN EQUITY) IN CONTRACT (INCLUDING, WITHOUT LIMITATION,

 

5

 

WARRANTY),
IN TORT (WHETHER OR NOT ARISING FROM THE ACTIVE, PASSIVE OR IMPUTED NEGLIGENCE
OR STRICT PRODUCTS LIABILITY OF SELLER) OR OTHERWISE, FOR ANY INCIDENTAL OR
CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION LOSS OF USE, LOSS OF
REVENUE OR LOSS OF PROFIT, WITH RESPECT TO (1) ANY DELAY IN DELIVERY OR
COMPLETE FAILURE TO DELIVER FOR ANY REASON WHATSOEVER, OR (2) ANY FAILURE TO
PERFORM ANY OF ITS OTHER OBLIGATIONS UNDER THIS AGREEMENT, OR (3) ANY
NON-CONFORMANCE OF THE AIRCRAFT, OR ANY DEFECT IN THE AIRCRAFT OR ANY OTHER THING
DELIVERED UNDER THIS AGREEMENT.

 

16.                                 Choice of Law. This Agreement shall be governed by the laws
of the State of New York excluding any conflicts of laws provisions.

 

17.                                 Assignment. This Agreement may not be assigned by either
party without the prior written consent of the other which shall not be
unreasonably withheld.

 

18.                                 Modifications and
Amendments. This Agreement
shall not be modified or amended except by an instrument in writing signed by
duly authorized representatives of the parties.

 

19.                                 Enforceability. If any one or more provisions of this
Agreement shall be found to be illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

 

20.                                 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the respective successors and permitted assigns of the
parties hereto.

 

21.                                 Agents and Brokers. Each party agrees to indemnify and hold
harmless the other party from and against any and all liabilities, losses,
costs, damages, claims and expenses, including attorneys’ fees and litigation
expenses, that such other party may suffer or incur because of any claim by any
broker, agent, or consultant claiming by, through or under the indemnifying party,
whether or not meritorious, for any fee, commission or other compensation with
respect to the purchase and sale of the Aircraft or any part thereof.

 

22.                                 IRC 1031 Like-Kind Exchange.
Seller contemplates that the
sale of the Aircraft described in this Agreement may qualify as a like-kind
exchange under Section 1031 of the Internal Revenue Code of 1986, as amended
(the “Code”) and the Regulations thereunder. At Seller’s request, Purchaser
will reasonable assist and cooperate with Seller to effect the successful completion
of such exchange, including the execution of all documents pursuant to the provisions
of section 1031 of the Code and the Regulations thereunder, provided that Purchaser
shall not be required to incur or pay any costs or expenses in connection with
the exchange transaction and shall have no obligation to take or hold title to
the replacement aircraft.

 

23.                                 Entire
Agreement/Counterparts/Facsimile. Purchaser and Seller warrant that the terms and conditions of this
Agreement were fully read and understood and that they constitute the entire
Agreement between parties. This Agreement may be executed in counterparts. Each

 

6

 

party
may transmit its signature by facsimile, and any copy of an executed
counterpart of this Agreement or any Exhibit hereto shall have the same force
and effect as an original.

 

24.                                 Confidentiality. No party to this Agreement shall disclose the
price or terms of this Agreement to third parties except as required to
complete the purchase, or as may be required by law.

 

25.                                 Notices. All notices and requests hereunder shall be
in writing and may be given by U.S. mail, telegram, facsimile or email and
shall be sent to the addresses herein set forth (or to such other addresses as
may hereafter be designated in writing).

 

Notice

 

	
  To
  Seller:

  	
  Altria Corporate Services,
  Inc.

  
	
   

  	
  Hangar D-2, Westchester
  County Airport

  
	
   

  	
  180 Airport Road

  
	
   

  	
  White Plains, New York
  10504

  
	
   

  	
  Attention:

  	
  George Saling, V.P.

  Aviation and Travel Services 

  
	
   

  	
  Facsimile No: (914)
  335-3100

  
	
   

  	
   

  
	
   

  	
   

  
	
  To
  Purchaser:

  	
  Kraft Foods Aviation, LLC

  
	
   

  	
  Three Lakes Drive

  
	
   

  	
  Northfield, IL   60093

  
	
   

  	
  Attn: Marc S. Firestone,
  General Counsel

  
	
   

  	
  Facsimile No: (847)
  646-2950

  

 

IN
WITNESS WHEREOF, the parties have entered into this Agreement on the date first
above written.

 

 

	
  KRAFT
  FOODS AVIATION, LLC,

  PURCHASER

  	
  ALTRIA
  CORPORATE SERVICES, INC.,

  SELLER

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  George
  Saling, V.P.

  Aviation and Travel Services

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
								

 

7

 

EXHIBIT A

 

AIRCRAFT MANUFACTURER/MODEL: Gulfstream G . IVSP

REGISTRATION: N 603PM

STATUS AS OF 11/23/2004

 

	
  Total Time on Aircraft

  	
  1467 Hours

  
	
  Total Cycles

  	
  695 Landings

  
	
  Date of Manufacture

  	
  6/2001

  

 

Engine Model:

 

	
  ENGINES

  	
   

  	
  LEFT

  	
   

  	
  RIGHT

  	
   

  	
  8500
  Hrs. TBO

  	
   

  
	
  Serial Number

  	
   

  	
  18039

  	
   

  	
  18036

  	
   

  	
   

  	
   

  
	
  Time Since New

  	
   

  	
  1467 Hours

  	
   

  	
  1467 Hours

  	
   

  	
   

  	
   

  
	
  Time Since

  	
   

  	
  1467 Hours

  	
   

  	
  1467 Hours

  	
   

  	
   

  	
   

  
	
  Time to

  	
   

  	
  7033 Hours

  	
   

  	
  7033 Hours

  	
   

  	
   

  	
   

  
	
  Ten Year Calendar Due

  	
   

  	
  6/2011

  	
   

  	
  6/2011

  	
   

  	
   

  	
   

  

 

APU S/N 2886

 

Time Since New -1077 Hours
as of 11/23/2004

 

	
  Gross Weight
  -

  	
   

  	
  75,000 Lbs.

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Operating
  Weight -

  	
   

  	
  44,386 Lbs.

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Empty Weight
  -

  	
   

  	
  42,478 Lbs.

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

INTERIOR

 

	
  Date of Last Refurbishment
  Description : 6/2001

  	
  By: Gulfstream

  
	
  Description: Leather
  Seats, Upwash & Dnwash Lighting, Cabin Temp Control At #2L #, Seat &
  Place Seat At Table.

  
	
  Capacity: 12 place

  	
   

  
	
  Galley, Bar, Lav Location:
  AFT CABIN

  	
   

  
	
  Cabin Entertainment: DVD
  CD TV (LCD) VHF

  	
   

  
	
  Color: TAN

  	
   

  

 

EXTERIOR

 

	
  Date Last Painted: 6/2001

  	
  By: Gulfstream

  
	
  Colors: TAN

  	
   

  

 

 

S/N:

 

AVIONICS

 

	
  # Installed

  	
   

  	
  Manufacturer

  	
   

  	
  Unit

  	
   

  	
   

  
	
  2

  	
   

  	
  Honeywell

  	
   

  	
  SP2-8400

  	
   

  	
  Flight Director

  
	
  3

  	
   

  	
  Collins

  	
   

  	
  VHF422

  	
   

  	
  VHF COMM

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  VIR-432

  	
   

  	
  VHF NAV

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  AOF-462

  	
   

  	
  ADF

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  DHE-422

  	
   

  	
  DME

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  TD2-94D

  	
   

  	
  Transponder

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  HF-9000

  	
   

  	
  HF COMM

  
	
  2

  	
   

  	
  Honeywell

  	
   

  	
  AA-300

  	
   

  	
  Radio Altimeter

  
	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  Comparator

  
	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  Emergency Comm

  
	
  3

  	
   

  	
  Honeywell

  	
   

  	
  HG1095AE04

  	
   

  	
  IRU

  
	
  3

  	
   

  	
  Honeywell

  	
   

  	
  N2-2000

  	
   

  	
  FMS

  
	
  —

  	
   

  	
  —

  	
   

  	
  —

  	
   

  	
  VLF Omega

  
	
  1

  	
   

  	
  Coltech

  	
   

  	
  SID-214-5

  	
   

  	
  Selcal

  
	
  1

  	
   

  	
  Honeywell

  	
   

  	
  P-880

  	
   

  	
  Color Radar

  

 

MISCELLANEOUS

 

 

 

THE STATUS
AND INFORMATION CONTAINED IN THIS SPECIFICATION IS COMPLETE AND ACCURATE AND
REFLECTS THE STATUS OF THE AIRCRAFT BASED UPON THE AIRCRAFT EQUIPMENT LIST,
AIRFRAME LOG BOOK, ENGINE LOG BOOKS, WEIGHT AND BALANCE BOOK, AND AIRCRAFT
FLIGHT LOG.

 

 

APPROXIMATE UTILIZATION PER
MONTH: HOURS 50 LANDINGS 25

 

 

	
  /s/
  [ILLEGIBLE]

  	
   

  
	
  SIGNATURE

  	
   

  

 

 

EXHIBIT “B”

 

FINAL DELIVERY AND ACCEPTANCE RECEIPT

 

This
acknowledges full and satisfactory delivery and acceptance of the following
aircraft and/or equipment.

 

Make
and Model: Gulfstream Aerospace, Gulfstream IV-SP

Serial
Number: 1452

Registration
Number: N603PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18039; (right) 18036

 

The aircraft and/or
equipment referred to above was received by us on the date and at the location
set forth below and was determined by us to be in good order and condition and
acceptable to us.

 

IN WITNESS WHEREOF, this
instrument has been duly signed by the undersigned purchaser.

 

	
   

  	
  KRAFT
  FOODS AVIATION, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Location of Acceptance:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date: December    ,2004

  
								

 

9

 

EXHIBIT “C”

 

USED AIRCRAFT BILL OF SALE

 

Pursuant to a Pre-Owned
Aircraft Purchase and Sales Agreement by and between Altria Corporate Services,
Inc. (“Seller”) and Kraft Foods Aviation, LLC (“Purchaser”) dated as of
December 15, 2004 (“Purchase Agreement”), and in consideration of Twenty-Seven
Million Forty Thousand Two Hundred U.S. Dollars (USD $27,040,200) and other
good and valuable consideration passing from Purchaser to Seller, receipt of
which is hereby acknowledged, Seller does hereby grant, bargain, sell and
assign to Purchaser, the following described property (including all
appliances, parts, instruments, appurtenances, accessories, furnishings, or
other equipment or property installed on or attached to such aircraft, engines
and propellers):

 

Make
and Model: Gulfstream Aerospace, Gulfstream IV-SP

Serial
Number: 1452

Registration
Number: N603PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18039; (right) 18036

 

TO HAVE AND TO HOLD such
property to Purchaser, its successors and assigns, to its and their own use
forever.

 

The interest of Seller in
such property, and the interest transferred by this Bill of Sale, is that of
absolute legal and beneficial title and ownership.

 

Seller hereby warrants to
Purchaser, its successors and assigns, that there is hereby conveyed to
Purchaser on the date hereof, good legal and beneficial title to the above
aircraft, engines, appliances, parts, instruments, appurtenances, accessories,
furnishings and/or other equipment or property, free and clear of all third
party interests, except any and all third party interests created by or through
Purchaser or any of its affiliates, and that Seller will warrant and defend
such title forever against all such claims and demands.

 

This Bill of Sale be
governed by the laws of New York State, United States of America, and

 

10

 

shall be deemed executed and
delivered at the following date and time while the Aircraft was located at                                     :

 

Date:

 

Time:

 

regardless of where executed
counterparts hereof may be delivered for convenience of closing.

 

IN WITNESS WHEREOF, Seller
has caused its corporate name to be subscribed hereto by its duly authorized
officer this      day of December, 2004.

 

	
   

  	
  ALTRIA
  CORPORATE SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  George
  Saling, V.P. Aviation

  And Travel Services

  

 

11Exhibit
10.19

 

PRE-OWNED AIRCRAFT PURCHASE AND SALES AGREEMENT

 

This Pre-owned Aircraft
Purchase and Sales Agreement (“Agreement”), is entered into as of December 15,
2004 by and between Altria Corporate Services, Inc., with an address at Hanger
D-2, Westchester County Airport, 180 Airport Road, White Plains, NY 10604
(“Seller”), and Kraft Foods Aviation, LLC, with an address at 910 Mayer Avenue,
Madison, WI 53704 (“Purchaser”).

 

WHEREAS, Seller desires to
sell the aircraft as specified below to Purchaser, and

 

WHEREAS, Purchaser desires
to purchase such aircraft from Seller on the terms and conditions set forth in
this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants herein contained, the parties agree as
follows:

 

1.                                       The Aircraft. Subject to the terms and conditions of this
Agreement, the Purchaser agrees to purchase and Seller agrees to sell the
following aircraft:

 

Make
and Model: Gulfstream Aerospace, Gulfstream 300

Serial
Number: 1509

Registration
Number: N607PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18157; (right) 18158

 

All
of the above will hereinafter be referred to collectively as the “Aircraft”,
the specifications of which are contained in Exhibit “A” herein.

 

2.                                       Purchase Price and Payment
Terms. Purchaser agrees to
pay Seller a total purchase price of Twenty Million One Hundred Fifty Thousand
U.S. Dollars (USD $20,150,000) (the “Purchase Price”) which shall be payable to
Seller at the time of delivery of the Aircraft, as provided for in Section 7
below. Payment of the Purchase Price shall be made to Seller to Account Number [
] at Citibank, NY (Bank ABA 021000089) for the credit of Altria Corporate
Services, Inc. (unless otherwise specified by Seller) in immediately available
U.S. funds.

 

3.                                       Pre-purchase Inspection. Purchaser shall have five (5) business days
from the date hereof to complete, at its expense, a pre-purchase inspection and
flight test of the Aircraft in order to determine whether there are any
“Discrepancies” in the Aircraft, as defined in Section 4 below. The
pre-purchase inspection shall take place at the Gulfstream Aerospace facility
in Appleton, Wisconsin or another mutually agreed upon location. The test
flight of the Aircraft shall be controlled by Seller with Seller’s pilot in
command and shall occur during the course of the flight of the Aircraft to the
pre-purchase inspection site. Purchaser may retain (at its cost and expense) a
third party to perform the pre-purchase inspection on Purchaser’s behalf.

 

4.                                        Delivery Conditions. The Aircraft shall be in the following
condition:

 

 

(A)                              The Aircraft shall be fully serviceable and
in an airworthy condition in accordance with the Federal Aviation
Administration (“FAA”) Part 91 Regulations for Civil Aircraft, normal wear and
tear excepted.

 

(B)                                All Aircraft systems shall be fully
functional and operational as required by the airframe or engine manufacturers’
maintenance manuals.

 

(C)                                The Aircraft shall be delivered with a
current FAA Standard Certificate of Airworthiness.

 

(D)                               The Aircraft maintenance shall be current and
in complete compliance with the manufacturer’s recommended maintenance schedule
for such aircraft model which will include but may not be limited to:

 

(1)                                  Airframe, engine, and APU component overhaul
periods shall be complied with. Any replacement items will have been completely
overhauled and at zero time when installed, with complete and accurate
supporting technical documentation, such as log book entries and serviceable
tags that verify the component(s) origin and its condition at installation.

 

(2)                                  All Airframe, engine, APU and accessory FAA
Airworthiness Directives applicable to the Aircraft shall be incorporated prior
to Delivery (as defined in Section 7 below).

 

(3)                                  All Airframe, engine, APU and component
mandatory service bulletins or “Active” customer bulletins applicable to the
Aircraft shall be embodied prior to Delivery.

 

(E)                                 The Aircraft’s weight and balance schedule
shall be current and represent the Aircraft’s configuration at Delivery.

 

(F)                                 The Aircraft shall have suffered no
structural damage that requires an entry to be placed within the Aircraft’s
maintenance records which has not been identified and scheduled for permanent
repair at Seller’s cost.

 

(G)                                The Aircraft shall not have incurred any
reduction to either its specified fatigue life or routine maintenance
inspections.

 

(H)                               All applicable maintenance service plans,
including but not limited to CMP and JSSI, shall be paid in full, current, and
assignable at no cost to Purchaser.

 

Further,
at Delivery, ownership of all airframe, engine, APU, component, and associated
equipment maintenance records and manuals shall be conveyed by Seller to
Purchaser which shall include but not be limited to:

 

(1)                                  Log books, work cards, NDT radiographs,
computerized maintenance history and any engineering instructions by the
Aircraft manufacturer’s engineering department.

 

2

 

(2)                                  Component serviceability tags or Certificates
of Conformity.

 

(3)                                  Copies of FAA approved STC’s and 337
alteration forms.

 

(4)                                  All manuals conveyed to Purchaser which are
subject to periodic revision shall be fully up to date and current to the
latest revision standard.

 

In
addition, Seller will also supply Purchaser with an inventory list of all loose
equipment, tools, manuals, log books and any other associated Aircraft records
or documentation ownership of which will be conveyed to Purchaser at Delivery.

 

5.                                       Correction of Discrepancies.
If the Aircraft fails to conform
to the specifications in Exhibit A and/or the delivery conditions set forth in
Section 4 above (any such failure a “Discrepancy”), Purchaser shall not be
obligated to accept the Aircraft unless, prior to the time of Delivery, Seller
either (i) corrects at Seller’s expense any Discrepancies discovered during the
pre-purchase inspection, or (ii) commits to Purchaser in writing to correct at Seller’s
expense any such Discrepancies in a manner and within a time frame reasonably acceptable
to Purchaser. Upon (x) determination that there are no Discrepancies, (y) correction
of any Discrepancies, or (z) Seller’s commitment to correct any Discrepancies
as provided in the preceding sentence, Purchaser shall, at the time of
Delivery, execute a Final Delivery and Acceptance Receipt in the form of
Exhibit B attached hereto. In the event that any Discrepancies have not been
corrected by the time of Delivery, the Final Delivery and Acceptance Receipt
shall indicate the Discrepancies to be resolved and the time frame and manner
in which the parties have agreed that Seller shall correct such Discrepancies,
and will be countersigned by Seller to indicate its agreement.

 

6.                                       Failure of Seller to Correct
or Agree to Correct Discrepancies. Subject to the provisions of Section 5 above, if Seller does not
correct or agree to correct the Discrepancies disclosed by Purchaser’s
inspection in accordance with the provisions of Section 5 above, Purchaser may
terminate this Agreement. Upon such termination of this Agreement, neither party
shall have any obligation to the other or liability resulting from this
Agreement.

 

7.                                       Delivery, Payment and Bill
of Sale. Delivery of the
Aircraft by Seller to Purchaser (“Delivery”) shall take place on or about
December 22, 2004 (the “time of Delivery”), at the Gulfstream Aerospace
facility in Appleton, Wisconsin or such other place as may be mutually agreed
upon, at which time Purchaser shall execute a Final Delivery and Acceptance
Receipt (Exhibit B attached hereto).

 

At
the time of Delivery, the Aircraft shall be free and clear of all liens and
encumbrances, and shall be delivered with a marketable title and a valid
Certificate of Airworthiness. At the time of Delivery, Seller will transfer to
Purchaser ownership of complete consecutive and original logbooks, all
maintenance manuals as supplied by the manufacturer of components installed,
along with current and complete wiring diagrams, weight and balance manuals and
avionics manuals.

 

3

 

At
the time of Delivery and upon Seller’s receipt of the Purchase Price, Seller
shall deliver to Purchaser a bill of sale in the form set forth in Exhibit C
hereto (the “Bill of Sale”) and such other documents of title as may be
appropriate.

 

8.                                       Title and Risk of Loss. Risk of loss, injury, destruction or damage
to the Aircraft by fire or casualty or other occurrence shall pass from Seller
to Purchaser and title to the Aircraft shall pass to Purchaser at the time full
and complete payment has been received by Seller and the Bill of Sale or other
document conveying title of the Aircraft to Purchaser free and clear of all liens,
charges, or encumbrances, has been filed with the FAA.

 

9.                                       Taxes. Seller warrants that there are no outstanding
or delinquent taxes attributable to the Aircraft as of the date hereof and that
at the time of Delivery there shall be no such taxes outstanding or delinquent
(except as may be specifically stated herein). Purchaser hereby agrees to pay
all taxes, duties, charges or fees that may be assessed or levied by any
Federal, State, or local taxing authority as a result of the sale, use,
registration or ownership of the Aircraft on or after the time of Delivery, but
specifically excluding any capital gains, income, or other similar taxes of
Seller.

 

10.                                 Warranties and
Representations. Seller
warrants that at the time of Delivery, it will have good and marketable title
to the Aircraft, the right to sell the Aircraft, and that the Aircraft will be
free and clear of all liens, charges and encumbrances. Purchaser represents and
warrants that it has full authority to enter into this Agreement and purchase
and receive Delivery of the Aircraft as provided for herein.

 

11.                                 Disclaimer and Release. SUBJECT ONLY TO THE PROVISIONS OF A FINAL DELIVERY
AND ACCEPTANCE RECEIPT FOR THE AIRCRAFT EXECUTED BY PURCHASER AND SELLER, THE
AIRCRAFT AND THE OTHER ITEMS DELIVERED HEREUNDER ARE SOLD TO PURCHASER SUBJECT
TO INSPECTION AND CORRECTION OF DISCREPANCIES PRIOR TO DELIVERY OF THE AIRCRAFT
AND AS A RESULT ARE BEING SOLD “AS-IS” WITHOUT WARRANTIES OR REPRESENTATIONS OF
ANY KIND EXCEPT THE WARRANTY OF TITLE SET FORTH IN SECTION 10 ABOVE WHICH IS
EXCLUSIVE AND IN SUBSTITUTION FOR, AND PURCHASER HEREBY WAIVES, RELEASES AND
RENOUNCES, ALL OTHER WARRANTIES, CONDITIONS, OBLIGATIONS AND LIABILITIES OF SELLER
AND ALL RIGHTS, CLAIMS AND REMEDIES OF PURCHASER AGAINST SELLER, EXPRESS OR
IMPLIED, ARISING BY LAW OR OTHERWISE, WITH RESPECT TO ANY NON-CONFORMANCE OR
DEFECT IN THE AIRCRAFT OR OTHER THING DELIVERED UNDER THIS AGREEMENT. THE
WARRANTIES CONDITIONS, OBLIGATIONS AND LIABILITIES OF SELLER, AND THE RIGHTS, CLAIMS
AND REMEDIES OF PURCHASER THAT ARE SUBSTITUTED, WAIVED, RELEASED AND RENOUNCED
INCLUDE, BUT ARE NOT LIMITED TO:

 

(A)                              ANY WARRANTY AS TO THE AIRWORTHINESS OR
CONDITION OF THE AIRCRAFT OR ANY OTHER THING DELIVERED UNDER THIS AGREEMENT;

 

(B)                                ANY IMPLIED WARRANTY OR CONDITION OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE;

 

4

 

(C)                                ANY IMPLIED WARRANTY OR CONDITION ARISING
FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE;

 

(D)                               ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR
REMEDY IN TORT, WHETHER OR NOT ARISING FROM THE ACTIVE, PASSIVE OR IMPUTED NEGLIGENCE
OR STRICT PRODUCTS LIABILITY OF SELLER; AND

 

(E)                                 ANY OBLIGATION, LIABILITY, RIGHT, CLAIM OR
REMEDY FOR LOSS OF OR DAMAGE TO THE AIRCRAFT OR TO ANY PART OF THE AIRCRAFT.

 

12.                                Manufacturer’s Warranties. To the extent that any manufacturer’s
warranties are still in effect with respect to the Aircraft (other than warranties
which by their terms are not assignable), Seller will reasonably assist
Purchaser to maintain continuity of the warranties and take such other
reasonable steps to assist Purchaser to process warranty claims directly with
the manufacturers.

 

13.                                Force Majeure. Seller shall not be liable for any failure of
or delay in Delivery of the Aircraft for the period that such failure or delay
is due to acts of God or public enemy; civil war; insurrection or riots; fires;
explosions or serious accidents; governmental priorities or allocations,
strikes or labor disputes; inability to obtain the Aircraft, necessary
materials, accessories, equipment or parts from the manufacturer thereof, or
any other cause beyond Seller’s control. In such event, Seller will advise
Purchaser either (A) of its inability to deliver, in which event this Agreement
shall terminate and shall be without further force and effect, or (B) of
Seller’s intention that it can deliver the Aircraft within thirty (30) days of such
notice, in which event, Purchaser agrees to extend the time of Delivery by
Seller for such thirty (30) day period.

 

If
Purchaser fails to accept the Aircraft under the terms and conditions of this
Agreement, upon written notice to the Purchaser, Seller may, at its sole discretion
and as its sole remedy, cancel this Agreement, and proceed to otherwise sell or
dispose of the Aircraft with no further liability to the Purchaser.

 

If
Seller fails to deliver the Aircraft as provided in this Agreement and Seller’s
failure is not excused as provided herein, Purchaser may sue Seller for
specific performance.

 

14.                                Indemnification. Purchaser hereby agrees to defend, indemnify,
and hold harmless Seller and its agents, directors, officers, employees and
affiliates from and against any and all claims, demands, suits, obligations,
liabilities, damages, losses and judgments, including legal fees, costs and
expenses, occurring at any time after Delivery of the Aircraft and in any manner
arising out of or in any way connected with the ownership, custody, movement, purchase,
sale, use, operation, repair, maintenance, modification, storage or disposition
of the Aircraft or materials after the Delivery thereof to Purchaser, whether
or not arising in tort or occasioned in whole or in part by any fault or
negligence of Seller.

 

15.                                Exclusion of Liabilities. SELLER SHALL HAVE NO OBLIGATION OR LIABILITY
(AT LAW OR IN EQUITY) IN CONTRACT (INCLUDING, WITHOUT LIMITATION,

 

5

 

WARRANTY),
IN TORT (WHETHER OR NOT ARISING FROM THE ACTIVE, PASSIVE OR IMPUTED NEGLIGENCE
OR STRICT PRODUCTS LIABILITY OF SELLER) OR OTHERWISE, FOR ANY INCIDENTAL OR
CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION LOSS OF USE, LOSS OF
REVENUE OR LOSS OF PROFIT, WITH RESPECT TO (1) ANY DELAY IN DELIVERY OR
COMPLETE FAILURE TO DELIVER FOR ANY REASON WHATSOEVER, OR (2) ANY FAILURE TO
PERFORM ANY OF ITS OTHER OBLIGATIONS UNDER THIS AGREEMENT, OR (3) ANY
NON-CONFORMANCE OF THE AIRCRAFT, OR ANY DEFECT IN THE AIRCRAFT OR ANY OTHER
THING DELIVERED UNDER THIS AGREEMENT.

 

16.                                 Choice of Law. This
Agreement shall be governed by the laws of the State of New York excluding any
conflicts of laws provisions.

 

17.                                 Assignment. This
Agreement may not be assigned by either party without the prior written consent
of the other which shall not be unreasonably withheld.

 

18.                                 Modifications and Amendments. This Agreement shall not be modified or amended except by an
instrument in writing signed by duly authorized representatives of the parties.

 

19.                                 Enforceability. If
any one or more provisions of this Agreement shall be found to be illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

 

20.                                 Successors and Assigns.
This Agreement shall be binding upon and inure to the benefit of the respective
successors and permitted assigns of the parties hereto.

 

21.                                 Agents and Brokers.
Each party agrees to indemnify and hold harmless the other party from and
against any and all liabilities, losses, costs, damages, claims and expenses,
including attorneys’ fees and litigation expenses, that such other party may
suffer or incur because of any claim by any broker, agent, or consultant
claiming by, through or under the indemnifying party, whether or not
meritorious, for any fee, commission or other compensation with respect to the
purchase and sale of the Aircraft or any part thereof.

 

22.                                 IRC 1031 Like-Kind Exchange. Seller contemplates that the sale of the Aircraft described in this
Agreement may qualify as a like-kind exchange under Section 1031 of the
Internal Revenue Code of 1986, as amended (the “Code”) and the Regulations
thereunder. At Seller’s request, Purchaser will reasonable assist and cooperate
with Seller to effect the successful completion of such exchange, including the
execution of all documents pursuant to the provisions of section 1031 of the
Code and the Regulations thereunder, provided that Purchaser shall not be
required to incur or pay any costs or expenses in connection with the exchange
transaction and shall have no obligation to take or hold title to the
replacement aircraft.

 

23.                                 Entire Agreement/Counterparts/Facsimile. Purchaser and Seller warrant that the terms
and conditions of this Agreement were fully read and understood and that they
constitute the entire Agreement between parties. This Agreement may be executed
in counterparts. Each

 

6

 

party
may transmit its signature by facsimile, and any copy of an executed
counterpart of this Agreement or any Exhibit hereto shall have the same force
and effect as an original.

 

24.                                 Confidentiality. No party to this Agreement shall disclose the
price or terms of this Agreement to third parties except as required to
complete the purchase, or as may be required by law.

 

25.                                 Notices. All notices and requests hereunder shall be
in writing and may be given by U.S. mail, telegram, facsimile or email and
shall be sent to the addresses herein set forth (or to such other addresses as
may hereafter be designated in writing).

 

Notice

 

	
  To
  Seller:

  	
  Altria Corporate Services,
  Inc.

  
	
   

  	
  Hangar D-2, Westchester
  County Airport

  
	
   

  	
  180 Airport Road

  
	
   

  	
  White Plains, New York
  10504

  
	
   

  	
  Attention:

  	
  George Saling, V.P.

  Aviation and Travel Services 

  
	
   

  	
  Facsimile No: (914)
  335-3100

  
	
   

  	
   

  
	
   

  	
   

  
	
  To
  Purchaser:

  	
  Kraft Foods Aviation, LLC

  
	
   

  	
  Three Lakes Drive

  
	
   

  	
  Northfield, IL 60093

  
	
   

  	
  Attn: Marc S. Firestone,
  General Counsel

  
	
   

  	
  Facsimile No: (847)
  646-2950

  

 

IN WITNESS WHEREOF, the
parties have entered into this Agreement on the date first above written.

 

 

	
  KRAFT
  FOODS AVIATION, LLC,

  PURCHASER

  	
  ALTRIA
  CORPORATE SERVICES, INC.,

  SELLER

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  George
  Saling, V.P.

  Aviation and Travel Services

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
								

 

7

 

EXHIBIT A

 

AIRCRAFT MANUFACTURER/MODEL: GULFSTREAM AEROSPACE /
GULFSTREAM 300

REGISTRATION:  N607PM (SERIAL NO. 1509)

STATUS AS
OF DECEMBER 1, 2004

 

	
  Total Time on Aircraft

  	
  480  Hours

  
	
  Total Cycles

  	
  367  Landings

  
	
  Date of Manufacture

  	
  June-2003

  

 

 

Engine Model:

 

	
  ENGINES

  	
   

  	
  LEFT

  	
   

  	
  RIGHT

  	
   

  	
  O/C
  Hrs. TBO

  	
   

  
	
  Serial Number

  	
   

  	
  18157

  	
   

  	
  18158

  	
   

  	
   

  	
   

  
	
  Time Since New

  	
   

  	
  480

  	
  Hours

  	
   

  	
  480

  	
  Hours

  	
   

  	
   

  	
   

  
	
  Time Since

  	
   

  	
   

  	
  Hours

  	
   

  	
   

  	
  Hours

  	
   

  	
   

  	
   

  
	
  Time to

  	
   

  	
   

  	
  Hours

  	
   

  	
   

  	
  Hours

  	
   

  	
   

  	
   

  
	
  Ten Year Calendar Due

  	
   

  	
  Aug-2013

  	
   

  	
  Aug-2013

  	
   

  	
   

  	
   

  

 

APU S/N P954   

Time Since New – 488 Hours
as of 12-1-2004

 

	
  Gross Weight -

  	
  72000 Lbs.

  
	
  Operating Weight –

  	
  43650 Lbs.

  
	
  Empty Weight -

  	
  42050 Lbs.

  

 

INTERIOR

 

	
  Date of Last Refurbishment          9-2003

  	
  By: Gulfstream ATW

  
	
  Description: 

  
	
   

  
	
   

  
	
  Capacity: 14

  	
   

  
	
  Galley, Bar, Lav Location:
  AFT

  	
   

  
	
  Cabin Entertainment: Airshow,
  CD, VCR

  	
   

  
	
  Color: Beige

  	
   

  

 

EXTERIOR

 

	
  Date Last Painted: 9-2003

  	
  By: Gulfstream ATW

  
	
  Colors: White / Red Stripe

  	
   

  

 

 

S/N: 1509

 

AVIONICS

 

	
  # Installed

  	
   

  	
  Manufacturer

  	
   

  	
  Unit

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2

  	
   

  	
  Honeywell

  	
   

  	
  SPZ8400

  	
   

  	
  Flight Director

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  422

  	
   

  	
  VHF COMM

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  432

  	
   

  	
  VHF NAV

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  62D

  	
   

  	
  ADF

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  422

  	
   

  	
  DME

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  94D

  	
   

  	
  Transponder

  
	
  2

  	
   

  	
  Collins

  	
   

  	
  HF-9000

  	
   

  	
  HF COMM

  
	
  1

  	
   

  	
  Honeywell

  	
   

  	
  7001840-932

  	
   

  	
  Radio Altimeter

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Comparator

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Emergency Comm

  
	
  2

  	
   

  	
  Honeywell

  	
   

  	
  Lazer Ref B

  	
   

  	
  INS

  
	
  2

  	
   

  	
  Honeywell

  	
   

  	
  NZ2000

  	
   

  	
  FMS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  VLF Omega

  
	
  1

  	
   

  	
  Coltech

  	
   

  	
  1200008

  	
   

  	
  Selcal

  
	
  1

  	
   

  	
  Honeywell

  	
   

  	
  880

  	
   

  	
  Color Radar

  

 

MISCELLANEOUS

 

Secure-A-plane

 

 

 

THE STATUS AND INFORMATION CONTAINED IN THIS SPECIFICATION IS
COMPLETE AND ACCURATE AND REFLECTS THE STATUS OF THE AIRCRAFT BASED UPON THE
AIRCRAFT EQUIPMENT LIST, AIRFRAME LOG BOOK, ENGINE LOG BOOKS, WEIGHT AND
BALANCE BOOK, AND AIRCRAFT FLIGHT LOG.

 

	
  APPROXIMATE UTILIZATION
  PER MONTH: HOURS 35

  	
  LANDINGS 25

  

 

	
  Greg Paczkowski

  	
   

  
	
  SIGNATURE

  

 

 

EXHIBIT “B”

 

FINAL DELIVERY AND ACCEPTANCE RECEIPT

 

This acknowledges full and
satisfactory delivery and acceptance of the following aircraft and/or
equipment.

 

Make
and Model: Gulfstream Aerospace, Gulfstream 300

Serial
Number: 1509

Registration
Number: N607PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18157; (right) 18158

 

The aircraft and/or
equipment referred to above was received by us on the date and at the location
set forth below and was determined by us to be in good order and condition and
acceptable to us.

 

IN WITNESS WHEREOF, this
instrument has been duly signed by the undersigned purchaser.

 

	
   

  	
  KRAFT
  FOODS AVIATION, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Location of Acceptance:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Date: December    ,
  2004

  
								

 

 

9

 

EXHIBIT “C”

 

USED AIRCRAFT BILL OF SALE

 

Pursuant to a Pre-Owned
Aircraft Purchase and Sales Agreement by and between Altria Corporate Services,
Inc. (“Seller”) and Kraft Foods Aviation, LLC (“Purchaser”) dated as of
December 15, 2004 (“Purchase Agreement”), and in consideration of Twenty
Million One Hundred Fifty Thousand U.S. Dollars (USD $20,150,000) and other
good and valuable consideration passing from Purchaser to Seller, receipt of which
is hereby acknowledged, Seller does hereby grant, bargain, sell and assign to
Purchaser, the following described property (including all appliances, parts,
instruments, appurtenances, accessories, furnishings, or other equipment or
property installed on or attached to such aircraft, engines and propellers):

 

Make
and Model: Gulfstream Aerospace, Gulfstream 300

Serial
Number: 1509

Registration
Number: N607PM (as of the date hereof)

Make
and Model of Engines: Rolls-Royce Tay 611-8

Engine
Serial Numbers: (left) 18157; (right) 18158

 

TO HAVE AND TO HOLD such
property to Purchaser, its successors and assigns, to its and their own use
forever.

 

The interest of Seller in
such property, and the interest transferred by this Bill of Sale, is that of
absolute legal and beneficial title and ownership.

 

Seller hereby warrants to
Purchaser, its successors and assigns, that there is hereby conveyed to
Purchaser on the date hereof, good legal and beneficial title to the above
aircraft, engines, appliances, parts, instruments, appurtenances, accessories,
furnishings and/or other equipment or property, free and clear of all third
party interests, except any and all third party interests created by or through
Purchaser or any of its affiliates, and that Seller will warrant and defend
such title forever against all such claims and demands.

 

This Bill of Sale be
governed by the laws of New York State, United States of America, and

 

10

 

shall be deemed executed and
delivered at the following date and time while the Aircraft was located
at                               :

 

Date:

 

Time:

 

regardless of where executed
counterparts hereof may be delivered for convenience of closing.

 

IN WITNESS WHEREOF, Seller
has caused its corporate name to be subscribed hereto by its duly authorized
officer this       day of December, 2004.

 

	
   

  	
  ALTRIA
  CORPORATE SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  George
  Saling, V.P. Aviation

  And Travel Services

  

 

11

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