EFTA00590624.pdf

Gulfstream PRODUCT SUPPORT PROPOSAL Prepared for Presented by Gulfstream G550 Serial Number- Rusty Cramer JEGE, LLC Regional Sales Manager, GuIfstmam Aerospace Mr. Larry Visoski GulfNream Proposal # 08 February 2017 EFTA00590624  TABLE OF CONTENTS PART I. Workscope Description 3 A. Interior Refurbishment 3 B. Avionics / Cabin Electronics 3 C. Mechanical 3 D. Paint 7 PART II. Contingencies and Assumptions of Proposal Offer 8 A. Estimated Leadtime 8 B. Estimated Downtime 8 C. Pricing and Scheduling Terms 8 D. General Contingencies 9 E. Addendum to Proposal and Work Authorization Terms & Conditions 10 PART III. Payment Terms and Remittance Instructions 11 PART IV. Executive Summary and Proposal Acceptance 12 EFTA00590625  ID # 08 February 2017 I ; ilkl ir:uu 1.*1 Gulfstream G550 Serial Number JEGE, LLC PART I. Workscope Description A. INTERIOR REFURBISHMENT Not Requested B. AVIONICS / CABIN ELECTRONICS Not Requested C. MECHANICAL 1. Aircraft Records and Condition Survey 1.1 Lite Package - Aircraft Records and Condition Survey (ARCS) - Exhibit 1 $31,500 Included in Lite Package: • Aircraft Records Survey (see section below) • Aircraft Condition Survey (see section below) 1.2 Basic Package - Aircraft Records and Condition Survey (ARCS) - Exhibit 2 $55,000 Included in Basic Package: • Aircraft Records Survey (see section below) • Aircraft Condition Survey (see section below) • ARCS Test Flight (see section below) • APU Borescope Inspection (see exhibit) • Left and Right Engine Borescopes and Engine Runs (see exhibit) 1.3 Standard Package - Aircraft Records and Condition Survey (ARCS) - Exhibit 3 $88,000 Included in Standard Package: • Aircraft Records Survey (see section below) • Aircraft Condition Survey (see section below) • ARCS Test Flight (see section below) • APU Borescope (see exhibit) • Left and Right Engine Borescopes and Engine Runs (see exhibit) • Nose and Main Landing Gear and Components - Detailed Inspection (see exhibit) • Aircraft Brake Inspection (see section below) 1.4 Premium Package - Aircraft Records and Condition Survey (ARCS) - Exhibit 4 $114,000 Included in Premium Package: • Aircraft Records Survey (see section below) • Aircraft Condition Survey (see section below) • ARCS Test Flight (see section below) • APU Borescope (see exhibit) • Left and Right Engine Borescopes and Engine Runs (see exhibit) • Nose and Main Landing Gear and Components - Detailed Inspection (see exhibit) • Aircraft Brake Inspection (see section below) • 500 Hour / 1A Inspection Codes (see exhibit) • 12 Month / 1C Inspection Codes (see exhibit) • 1000 Hour / 2A Inspection (see exhibit) Page 3 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590626  ID # 08 February 2017 I . illsl wain G ) )0 Gulfstream G550 Serial Number JEGE, LLC PART I. Workscope Description (Continued) C. MECHANICAL (CONTINUED) 1. Aircraft Records and Condition Survey (Continued) Workscope Description Note: Please refer to the above items when determining which sections apply to the Package selected. Special Requirements: • Review workscope and identify points of contact with both buyer and seller present and have both parties sign the Hold Harmless Agreement. • The party requesting and financially obligated for the Aircraft Records and Condition Survey (usually the Buyer) must have an authorized representative sign the work order and the Hold Harmless. • There will be a representative from all parties involved that will make decisions on all minor corrective actions to be accomplished during Aircraft Records and Condition Survey. If there is no representative present, no corrective action can be accomplished until authorized. • Upon completion of the Aircraft Records and Condition Survey, the discrepancy list will be provided to the party(s) responsible for disposition. If a second or third party is involved with rectification of any discrepancies found, the parties will identify who will be responsible for the corrective actions. At this time, separate work orders will be opened and responsibilities assigned to each party for the work requested. • All parties involved, based on the Service Center workload, at that time will mutually agree to the downtime schedule for the authorized work. Aircraft Records Survey includes the following: • Review of Maintenance History and Records: A review of all available maintenance records will be accomplished. The review will include a search for recorded damage history, special inspections accomplished, missing records, compliance with required inspections, maintenance, and mandatory directives. Any problems with incomplete or improper maintenance entries, missing certificate numbers or signatures, or disorganized maintenance logs will be documented in the report. If a complete reconstruction of maintenance records or logbooks is desired, it will be considered an effort over and above the basic Survey price and schedule and will be performed at time and material upon approval. • Documentation of Non-Applicable Maintenance Bulletins: Gulfstream will update the aircraft records for non- applicable or previously accomplished directives (ACB, CB & AD) that are not documented in the maintenance records. A budgetary estimate to research and document non-applicable or previously accomplished bulletins is $75 per occurrence. Incomplete records may substantially increase this cost. • Review of Required Aircraft Documentation: A review of weight and balance, equipment list, and electrical load analysis will be performed to determine that the known current aircraft configuration is reflected. All data will be cross-referenced against Major Repair and Alteration FAA Form 337 found and the avionics inventory. Subject matter and date of Form 337 and any related Supplemental Type Certificates (STC's) numbers will be listed. The certificate of airworthiness and current registration will be checked to ensure a match to the aircraft. • Review of Required Flight Manuals & Supplements: Gulfstream approved flight manuals will be reviewed to determine revision status and presence of all required approved flight manual supplements. Flight manual supplements will be cross-checked against STCs. • Update of Required Flight Manuals and Supplements: If required, Gulfstream will update any missing or outdated items in the flight manual supplements section of the flight manual or supplement binder with current data. A budgetary estimate to research and retrieve missing flight manual supplements is $75 per occurrence. Incomplete records may substantially increase this cost. Page 4 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590627  ID # 1 MI flI 08 February 2017 ( ;URA (.A ) e• )0 Gulfstream G550 Serial Number JEGE, LLC PART I. Workscope Description (Continued) C. MECHANICAL (CONTINUED) 1. Aircraft Records and Condition Survey (Continued) Aircraft Condition Survey includes the following: • Cockpit and Cabin Avionics Equipment - Operational Test: A cockpit avionics ramp check is performed and involves powering up all major avionics equipment and operationally testing systems, such as navigation, communication and flight management systems for proper operation. A cabin ramp check is performed and involves powering up of cabin outfitting components and systems. This test does not include the use of test equipment or troubleshooting of avionic systems. Results will be fully documented on the work order and findings will be highlighted in the Survey. As the Survey progresses, discrepancies may be identified. At this point, discrepancies will be listed on summary sheets and provided to customer. Any Engineering dispositions will be an additional expense and will be billed, as required. • Inventory of Avionics and Emergency Equipment: A physical inventory of major avionics equipment will be accomplished and the results recorded in the report. The avionics inventory is limited to accessible areas only, additional access will be billed at time and material. This inventory will be cross- referenced against the equipment list during the documentation review. All cabin and cockpit installed emergency equipment will be inventoried and recorded in the report. • Physical Survey: Is in accordance with attached Gulfstream CMP (Computerized Maintenance Program) tasks, which provide a detailed view of specified areas of aircraft. The suggested survey workscope is intended to provide you with a general visual evaluation of selected areas of the aircraft. • Cockpit and Cabin Compartment Above Floor Inspection: A general visual Inspection will be performed of cockpit, cabin, and baggage compartments for mechanical and cosmetic discrepant conditions which are deemed as unsatisfactory. Interior access will not be required or included for this general visual inspection. Note: This general visual Inspection does not include NDT of cabin windows. • Optional FAA 135 Regulation Log Research: A budgetary estimate to perform a FAA 135 Regulation Log Research is approximately $3,500. This FAA Part 135 Regulation Log Research is limited to the collection of pertinent parts tracking documents associated with Life-Limited or otherwise tracked serialized components, which are currently, installed on the aircraft from the aircraft historical records files supplied by the operator at time of aircraft input. Note: This research does not imply to include any requirements as to pertain to the physical condition of the aircraft in regards to FAA Part 135 Compliance. Aircraft Records and Condition Survey Report: • The report is a bound document and is divided into indexed sections. The format facilitates rapid access to desired information and highlights the major elements of the Survey. All findings and information yielded by this Survey will be provided in the report and on the related work order upon completion of the Survey. Two (2) copies of the signed report will be provided to the purchaser of the Survey when present at service center or a copy of report not signed can be provided in an electronic PDF format when intended buyer resides in a different country. One (1) copy of the discrepancies noted will be provided to the owner (additional report copies are available at $150/each). Copies will not be provided to any other party including the owner of the aircraft unless expressly authorized in writing by the purchaser of the Survey. Page 5 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11, 2016 EFTA00590628  ID * -1 " 1" my ( 08 February 2017 I. 1st ' 1 Gulfstream G550 Serial Number e JEGE, LLC PART I. Workscope Description (Continued) C. MECHANICAL (CONTINUED) 1. Aircraft Records and Condition Survey (Continued) ARCS Test Flight: • This is an extensive flight test regimen flown by Gulfstream test pilots. The flight test card will be identical to the one used by Gulfstream's Flight Department to evaluate pre-owned aircraft being considered for purchase by Gulfstream. • ARCS Flight results are fully documented and reported in the work order and the ARCS Survey Report. • Gulfstream Test Pilots are not located at all Gulfstream facilities. All pilot travel expenses (if required) and fees will be the responsibility of the customer per the Gulfstream Labor Rate letter. • Included in the item price: ••• Pilot Labor (for test flight only) ▪ Preflight Traveler (required prior to Flight Test). • Not included in the price and (if required) are estimated at $10,000 to $15,000. " ▪ Pilot Labor (for travel only) ▪ Per Diem — Two (2) Pilots for Two (2) or Three (3) Days ••• Lodging — Two (2) Rooms for One (1) or Two (2) Nights ;••• Rental car — One (1) or Two (2) Days ;••• Airfare — Two (2) Round Trip "Based on U.S. Domestic travel. • Fuel for the Flight Test will be billed separately. For budgetary purposes, an estimated 1,800 to 2,300 gallons of fuel will be required to accomplish the test flight. Actual charges will vary depending on the amount of fuel on the aircraft at arrival, and fuel prices at the time of service. Standard Package Brake Inspection (accomplished on the Aircraft): • A detailed visual inspection of the brakes will be accomplished (without disassembly) prior to removal from the aircraft. This will include inspection of the drive clips and leak checks. • The Brake wear indicators will be measured and the remaining wear will be documented in the work order. • Following the landing gear corrosion inspection (see CMP exhibit), the brakes will be reinstalled and a complete functional test performed. Premium Package Brake Inspection (accomplished at a Gulfstream repair and overhaul facility): • The brakes will be removed and sent to a Gulfstream repair and overhaul facility for the following: ;-• Detailed Visual Inspection •••• Heat Pack Removal and Inspection (Note: Any remaining wear will be documented in the work order.) Key Slot/Tenon Slot Inspection ••• Torque Tube Inspection ▪ Cylinder Block Teardown and Inspection ▪ Leak Checks • Discrepancies will be documented on a work order with determination of the financially responsible party (buyer or seller), prior to commencement of the work. • Upon completion of the inspection, the brakes will be reinstalled and a complete functional test performed. Page 6 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590629  ID # 08 February 2017 I thsl r cat ri Gulfstream G550 Serial Number X e,) .. JEGE, LLC PART I. Workscope Description (Continued) C. MECHANICAL (CONTINUED) 1. Aircraft Records and Condition Survey (Continued) Optional Services: • Gulfstream also offers a complete in-house detailing service for your Gulfstream aircraft. Our experienced team of professionals can perform any detailing service; from a dry wash of the aircraft exterior to shampooing and stain- treating carpets and furnishings. • Exterior services include washing of the aircraft (to include landing gear), waxing the aircraft with Aeroglaze, buff and polish of leading edge "brite work", and sanding to remove surface corrosion. An application of Teflon coating is also available to enhance the life of your paint as well as to reduce aircraft exterior cleaning time and costs. • Interior services include sanitizing galley and lavatories, re-corking of drawers, shampooing of carpets, re-oiling of leather, and an application of soil and stain repellent for the carpet and upholstery. 1.5 Wet Area Inspection under Galley and Lavatory Using Borescope (Labor Only) $2,700 Accomplish the wet area inspection under galley and lavatory using borescope. Quoted Price Includes: • Remove interior carpet, pad, threshold plates as required to gain access to floorboards being removed. • Remove floorboards as required to comply with Borescope Inspection. • Perform a detailed inspection of floorboards and structure under galleys and lavatories. • Install floorboards removed. • Install interior carpet. pad, and threshold plates removed. Note: Any labor or materials required for clearing of discrepancies is not included in the quoted amount. D. PAINT Not Requested Page 7 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590630  ID # 08 February 2017 Gulfstream G550 Serial Number JEGE, LLC PART II. Contingencies and Assumptions of Proposal Offer Unless expressly stated otherwise in writing, this proposal and the Workscope pricing information included in Part I Workscope, (-Proposer) is based upon the following contingencies and assumptions associated with the activity and work required for the work scope defined in Part I Workscope (-Work-). Additional charges for any Customer-approved Work ultimately performed on Gulfstream G550 aircraft, Serial Number (-Aircraft"), which is beyond the scope of this Proposal will be billed on a time and materials basis, except as otherwise expressly agreed in writing between the parties. The term Customer shall refer to JEGE, LLC ("Customer) in this Proposal. A. ESTIMATED LEADTIME: This Proposal provides for leadtimes. Leadtime is an estimate expressed in calendar days to allow for planning and scheduling of the Aircraft service visit. Leadtimes commence upon Gulfstream's receipt of Customer's signed Proposal and material callout selections. Leadtimes may be addressed by other relevant contingencies set out in this Proposal. B. ESTIMATED DOWNTIME: This Proposal provides for downtime. Any downtime estimates included in this Proposal are based upon Gulfstream's general understanding of the time required to accomplish the work outlined in this Proposal. Said understanding is in turn based upon Customer satisfying any leadtime requirements. Estimated downtime may be adjusted depending on the final induction schedule and mutually agreed facility selected for completion of the Work. For the avoidance of doubt, any expression of downtime is only provided as an estimate. This estimate is not a contractual commitment by Gulfstream. Estimated downtime is stated in working days, defined as Monday through Friday, excluding applicable recognized local holidays. If additional Work is required beyond that specifically identified in this Proposal, then the estimated downtime may be extended by Gulfstream. Estimated downtime may increase or decrease depending upon the availability of the mutually agreed facility selected for completion of the Work. C. PRICING AND SCHEDULING TERMS: This Proposal is contingent on all Work being accomplished during a single coordinated maintenance visit. The quoted prices contained herein are valid (i) if the Proposal is signed and returned to Gulfstream within ninety (90) days of the date of the Proposal, and (ii) the Work is scheduled to be accomplished at a mutually agreeable facility and time within six (6) months from the date of this Proposal, and within the same calendar year as the date of this Proposal. Gulfstream reserves the right to adjust the pricing in this Proposal it the foregoing conditions are not satisfied. Unless otherwise indicated on the face of this Proposal, any proposal for Work in a Gulfstream US facility is valid for each Gulfstream US facility. Proposals for work at any non-US Gulfstream facilities are specific and binding only as to the facility identified on the Proposal. Overtime: Gulfstream will not charge overtime for the Work required in this Proposal, unless there are (i) Discovered Discrepancies as addressed below, (ii) Changes documented on Work Change Requests (WCRs) as described below, or (iii) Customer requests to accelerate the estimated downtime for any Work. Customer must approve all overtime activity prior to Gulfstream performing and billing for overtime. Discovered Discrepancies: Except as specifically identified in PART I Workscope, this Proposal does not include repairs to the Aircraft resulting from discrepancies in the Aircraft (including without limitation corrosion) discovered during the performance of the agreed Workscope. All discovered discrepancies will be corrected upon request at additional charge and with additional downtime. This process is further described in the Changes (-WCRs") paragraph. Page 8 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590631  ID # 08 February 2017 ~.dl:sln•tuil Gulfstream G550 Serial Number X e_)e.) JEGE, LLC PART II. Contingencies and Assumptions of Proposal Offer (continued) C. PRICING AND SCHEDULING TERMS (continued) Changes ("WCRs"): This Proposal is subject to further financial and schedule modification, which will be documented on work change requests ("WCRs'") presented to the Customer for approval, if any of the following occurs: • Subsequent to the date of this Proposal, a relevant aviation regulatory authority or OEM (including Gulfstream) publishes any change in relevant technical documentation which affects the Workscope. • Additional billable work, which is not specifically delineated in the Workscope, is required to perform the quoted Workscope. This additional work may include by way of example relocation of existing aircraft equipment, beyond that already defined in the Workscope, due to space limitations. Consumables: There will be a 4.0% charge for consumables, to a maximum of $5,000, on all work orders containing labor revenue charges. This charge will be calculated based on the total labor revenue man-hours invoiced on the work order. Only invoices defined as 'Road Trip Invoice" will be exempt from this charge. CFE, Drop Shipments and Handling Fees: Customer furnished parts or equipment ('CFE") and drop shipments made by the Customer to Gulfstream will be subject to a handling fee of 15% based on current manufacturer list price of the part or item furnished. The handling fee will not apply to parts originally purchased from Gulfstream. Proof of purchase from Gulfstream must be shown to waive the handling fee. Third Party Vendors: Any estimates given for vendor parts, materials, or services provided to Gulfstream by outside vendors, whether for repair, calibration, overhaul, exchange or the like, are subject to adjustment based upon the actual charges billed to Gulfstream by such outside entity. Excluded fees, taxes, etc.: All prices stated herein are exclusive of freight, fuel, flight costs, environmental fees, and/or any applicable taxes. Exchange Services — Retention of Removed Equipment: Any parts exchanged as part of the Workscope, and related price adjustments will be governed by Gulfstream's then current parts exchange program. Except as specifically identified in PART I Workscope, equipment removed as part of the Workscope will become the property of Gulfstream. PlaneParts©: Except as specifically identified in a PART I Workscope, this Proposal does not take into account any parts provided at no charge under Gulfstream's PlaneParts© program. To enroll or learn more about the PlaneParts© program please visit D. GENERAL CONTINGENCIES: Requirement for Customer Furnished Records: This Proposal is based upon the Aircraft being in the configuration, and containing the equipment. as indicated in Gulfstream CMP records and any records supplied by Customer to support this Proposal. This Proposal is also contingent upon the Customer supplying, upon induction or within leadtimes, all avionic, electrical, system, interior or structural drawings, diagrams, analysis and records, which accurately represent the current condition of the aircraft ("Customer Records"), as approved by the relevant aviation authority, and which are required by Gulfstream to conduct the Work. Any changes which are required to be made by Gulfstream to the Customer Records, or due to the inadequacy of the Customer Records, in connection with the Work, will be subject to additional charges. These additional charges will be documented pursuant to the Changes ("WCRs") clause and subject to Customer approval. Page 9 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590632  ID * 08 February 2017 I Ilk want ( .1 ' '1 Gulfstream G550 Serial Number e.1.e0 ,r JEGE, LLC PART II. Contingencies and Assumptions of Proposal Offer (continued) D. GENERAL CONTINGENCIES: (continued) General Exceptions: Except as specifically identified in PART I Workscope: • Aircraft Preservation: This Proposal does not include any preservation tasks related to the Aircraft, its engines or systems. Customer is responsible for making certain that all specific preservation tasks related to the Aircraft, its engines or systems, which are required or may become required while the Aircraft is at Gulfstream's facility for the Workscope, are identified on the Work Order. • Certification Basis: All Work to be accomplished by Gulfstream under the Workscope, assumes the Aircraft is operated in compliance with FAR Part 91 or the equivalent not-for hire operating rules of the relevant aviation authority. • Non-standard Equipment: Gulfstream is not responsible for vendor to vendor incompatibilities which may be discovered during the course of the installation. • Manuals — Modifications: Changes to the Aircraft's Completion Center Maintenance Handbook (CCMH) or Cabin Operating Manual (COM) are not included as part of this Proposal. Should a modified CCMH or COM be requested by the Customer, it may be provided at additional charge. Any changes to the Aircraft's Minimum Equipment List ("MEL") are the Customer's responsibility and are not included herein. • Access, Closure, Removal and Replacement: Access and closure, removal and replacement required to perform the Workscope are not included as a part of this Proposal. Touch-Up Paint: For aircraft with standard Gulfstream paint schemes (one (1) base color and two (2) stripes), the sealing and touch-up (by brush) of panels is included in the Workscope. Aircraft with non-standard paint schemes will be subject to an additional charge for the additional time required to complete the paint touch-up. Unused Wiring: Any existing wiring or tubing made obsolete by the Work will be capped and stowed. Wiring or tubing removal, if requested by the Customer, will be at additional charge. Termination after acceptance of Proposal: Unless the Customer has specifically directed otherwise, once the Proposal is signed and returned to Gulfstream, and prior to the Workscope being scheduled in accordance with Section C Pricing and Scheduling Terms, this Proposal shall be binding upon Gulfstream as to the prices set forth herein. All preliminary engineering materials and components ordered to support the Workscope, any labor expended, any restock charges incurred, and any other direct costs supporting the Workscope are chargeable to the Customer if the proposed Workscope is thereafter canceled by the Customer. If materials or components cannot be returned to their respective vendor(s), Customer will be billed in full for these items. In such case, the materials and components become the property of the Customer. If the Work is rescheduled for a later arrival, these charges will be applied to the rescheduled visit, as appropriate. Confidentiality: This Proposal and any related documents are strictly confidential between Gulfstream and Customer and will not, without the prior written consent of the other party, be disclosed by either party, in whole or in part, to any third party except to such party's accountants, lawyers, and bankers, and Gulfstream's suppliers, provided such third parties agree to confidentiality as may be necessary for either party to carry out its obligations or enforce its rights pursuant to this Proposal. E. ADDENDUM TO PROPOSAL AND WORK AUTHORIZATION TERMS AND CONDITIONS Not Applicable Page 10 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590633  ID # 08 February 2017 r cal ti ( M I ).* )0 Gulfstream G550 Serial Number JEGE, LLC PART III. Payment Terms and Remittance Instructions For customers with available credit, and except as set forth below, payment terms are net 30 days from date of invoice. Unless otherwise agreed in writing, for Work estimated to exceed One Hundred Thousand Dollars ($100,000.00) but less than Three Million Dollars ($3,000,000), Customer agrees to make progress payments on the following schedule: 50% of the estimated amount prior to commencement of Work on the Aircraft, and final payment of the remaining 50% 30 days from the date of final invoice. For Work estimated to exceed Three Million Dollars ($3,000,000), Customer agrees to make progress payments on the following schedule: 30% of the estimated amount prior to commencement of Work on the Aircraft, 30% at the midpoint of the Work as reasonably established by Gulfstream, 30% 30 days prior to the date of projected delivery as reasonably established by Gulfstream and final payment of the remaining 10% at delivery of the Aircraft. Additional deposits may be required for long-lead or special purchased parts, which are not refundable, should the visit be cancelled or work scope changed to eliminate those items. Additional deposits may also be requested if there is a significant amount of growth in the scope of the Work, including significant material costs. If any portion of an invoice is disputed, then Customer shall nevertheless pay all undisputed amounts per this schedule. Gulfstream shall not be required to release Customer's Aircraft to depart if Customers total outstanding balance owed to the Gulfstream Parties exceeds the lesser of One Hundred Fifty Thousand ($150,000.00) or Customers available credit limit. All sums past due bear interest at the lesser of 1.5% per month, or the maximum rate allowable by law, plus reimbursement for attorney fees and other costs of collection. For customers without available credit, including those without open credit terms (cash in advance, cash on delivery, etc.), as additional items are added to the Work, additional progress payments may be required to continue Work on the Aircraft and all remaining outstanding balances must be paid prior to Aircraft departure. See the Work Authorization terms and conditions for further details on payment terms. If Applicable, Aircraft Records and Condition Survey ("ARCS"). ARCS fees are payable in advance of the inspection being performed. Acceptable methods of payment related to ARCS and supporting aircraft sales transactions include payment via wire transfer/ACH, certified check and Gulfstream accepted credit card. Costs incurred in remediation of discrepancies documented during the ARCS or required in conjunction with the supporting aircraft sales transaction are immediately due upon completion of the ARCS and prior to the departure of the aircraft. This section applies to all customers, including those who have available credit. Remittance can be made to the following: Checks: Gulfstream Aerospace Corporation (Overnight) Gulfstream Aerospace Corporation (Box #730349) c/o JP Morgan Chase Bank, NA Attn: Dallas National Wholesale Lockbox TX1-0029 Wire Transfer Gulfstream Aerospace Corporation Instructions: JP Morgan Chase Bank, NA 1 Bank One Plaza Chicago. IL 6 7 Account No. Reference your Five (5) Digit Customer Number (XX-XXX) Bank Fedwire Routing No. (ABA) 021 000 021 Identifiers: S.W.I.F.T CHASUS33 ACH Credit Routing No. (ABA) 071 000 013 Note: Please reference the Quote ID Number and one of the following (as applicable): • Invoice Number • Sales Order Number • Job or Work Order Number • Aircraft Serial or Registration Number • Customer Account Number Page 11 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents CAC Rev. July 11. 2016 EFTA00590634  ID # 08 February 2017 ( d C•411T1111 G550 Gulfstream G550 Serial Number JEGE, LLC PART IV. Executive Summary and Proposal Acceptance Please select items in Accept/Decline columns. Once an item is accepted, the amount will auto populate the total. (Please note that quoted dollars and downtime may vary based on concurrent work with accepted/declined items.) A. INTERIOR REFURBISHMENT (USD) Accept Decline B. AVIONICS / CABIN ELECTRONICS C. MECHANICAL Aircraft Records and Condition Survey (select one ARCS package below) 1.1 Lite Package - Aircraft Records and Condition Survey (ARCS) $31,500 1.2 Basic Package - Aircraft Records and Condition Survey (ARCS) $55,000 1.3 Standard Package - Aircraft Records and Condition Survey (ARCS) $88,000 1.4 Premium Package - Aircraft Records and Condition Survey (ARCS) $114,000 1.5 i Wet Area Inspection under Galley and Lavatory Using Borescope $2,700 D. PAINT QUOTED WORKSCOPE TOTAL BASED ON CUSTOMER ACCEPTED ITEMall i •Default value Is set to SO until Customer selections have been made above. Schedule Planning Estimated Da Estimated Leadtimel 5 Calendar Days 'The above leadtime is an estimate expressed in calendar days to allow for planning and scheduling of the Aircraft service visit and will commence upon Gulfstream's receipt of Customer's signed Proposal and material callout selections. Leadtimes may be addressed by other relevant contingencies set out in this Proposal. Estimated Downtime' 10-12 Working Days 2 The above downtime estimate is based upon Gulfstream's general understanding of the time required to accomplish the work outlined in this Proposal. Said understanding is in turn based upon Customer satisfying any leadtime requirements. Estimated downtime may be adjusted depending on the final induction schedule and mutually agreed facility selected for completion of the Work. For the avoidance of doubt, any expression of downtime is only provided as an estimate. This estimate is not a contractual commitment by Gulfstream. Estimated downtime is stated in working days, defined as Monday through Friday, excluding applicable recognized local holidays. If additional Work is required beyond that specifically identified in this Proposal, then the estimated downtime may be extended by Gulfstream. Estimated downtime may increase or decrease depending upon the availability of the mutually agreed facility selected for completion of the Work. Page 12 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590635  ID # 08 February 2017 d Main C Gulfstream G550 Serial Number i) 0 AGE, LLC PART IV. Executive Summary and Proposal Acceptance (continued) Pricing contained in this proposal is valid for 90 days from the date of this proposal. For further details/definition, see Part II Section C or click here) • The Aircraft Records and Condition Survey is limited in scope, and Gulfstream cannot guarantee that this Survey will uncover all problems that exist with the inspected aircraft. Ultimately, the buyer must rely on their own judgment as to the aircraft value and the seller's warranty, if any, as to the aircraft's condition. • For planning purposes, estimated material for the Aircraft Records and Condition Survey CMP packages (Items 1.2 through 1.4) is approximately $7,000, and it does not include material required for clearing of any discrepancies. Page 13 of 14 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. July 11. 2016 EFTA00590636  ID # 08 February 2017 Gulfstream G550 Serial Number X e ).. e.) JEGE. LLC PART IV. Executive Summary and Proposal Acceptance (continued) Upon acceptance of this Proposal, the prices and quotes stated herein (subject to all contingencies or other stated assumptions) constitute a formal Fixed Price Quote, which is included in Gulfstream's standard Work Authorization Agreement Terms and Conditions. Your acceptance of all or any portion of this Proposal confirms your acknowledgement that you have read and express agreement to be bound by these terms. This Proposal expressly incorporates by reference and is subject to Gulfstream's standard Work Authorization Agreement Terms and Conditions which are attached hereto as ATTACHMENT A. The Work Authorization, which will include a Work Order which details all items of Work to be accomplished during the service visit, including those items selected and documented by Customer from this Proposal, will constitute the agreement between the parties and will supersede this Proposal when executed by both parties. The Work Authorization will be signed at the Aircraft's induction into the agreed Gulfstream Service Center. IN WITNESS WHEREOF, the parties have caused this Proposal to be executed by their duly authorized representatives. Copies of a fully executed agreement, emailed between the parties will be effective as an original signed agreement. JEGE. LLC GULFSTREAM AEROSPACE CORPORATION ("Customer") ("Gulfstream") By: By: Name: Name: Rusty Cramer Title: Title: Regional Sales Manager, Product Support Sales Date: Date: 08 February 2017 Please complete and return all pages of PART IV via fax ( or email Page 14 of 14 This proposal is confidential between Gulfstream and the Customer.