EFTA01077873.pdf

CERTIFICATE OF INSURANCE This certificate is given as a matter of information only and confers no rights upon the certificate addressee. Date: March 14.2013 This is to certify to: That the following policy has been issued to: Hong Kong Civil Aviation Department JET AVIATION INTERNATIONAL, INC., JET AVIATION HOLDING 46/F Queensway Government Offices USA INC., JET AVIATION FLIGHT SERVICES. INC. 66 Queensway WELLS FARGO BANK NORTHWEST, N.A., AVIONETA HOLDINGS Hong Kong LLC, RANCE ACQUISITIONS, LLC, TVPEAT. INC. 6150 SOUTH LARAMIE AVENUE CHICAGO, IL 60638 Policy No. 12000657 issued by one or more member companies of Global Aerospace Pool through Global Aerospace. Inc. Policy Period: from April 1.2013 to April 1.2014 Policy Territory: Worldwide AIRCRAFT LIABILITY Coverages Combined Single Limits of Liability Liability for Scheduled Aircraft. including Passengers, Cargo, Mail and Personal Effects (Baggage) United States Dollars $300,000,000 Each Occurrence Third Party Liability for Scheduled Aircraft, War Risk and Allied Perils (excluding passengers) United States Dollars $250,000,000 Each Occurrence Third Party Liability for Bodily Injury to Passengers From War Risk and Allied Perils United States Dollars $300,000,000 Each Occurrence Any limits shown above as "Aggregate" are included in. and not in addition to the limit shown for "Each Occurrence." Aircraft Covered: 1999 GULFSTREAM V, N624N The Operator is insured in respect of its aircraft for Third party, passenger, baggage, cargo and mail liabilities to a combined single limit required in accordance with the civil aviation (insurance) order of Hong Kong for any one event. Notwithstanding any requirement. term or condition of any contract or other document with respect to which this certificate may be issued or may pertain. the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies. This certificate does not amend, extend or otherwise alter the coverages afforded by the policies described herein. Limits may have been reduced by paid claims. GLOBAL AEROSPACE GLOBAL AEROSPACE, INC. BY: _OS- Certificate No. 755318016 ACZ023 (September I. 2009) Page 1 of I EFTA01077873  GLOBAL AEROSPACE ‘4.1) Nter INSURANCE CERTIFICATE Provided for Information Only Air Carriers Aviation Liabilities pursuant to E.U. Regulation 785/2004 This is to certify we in our capacity as Insurer, duly authorized by the competent national Authority of one or more member companies of Global Aerospace Pool through Global Aerospace, Inc. have placed insurance policy 12000657 of aviation specific liability insurance in respect of passengers, baggage, cargo and third parties as follows when operating within, into and out of Italy: Date: March 14, 2013 Insured Airline: JET AVIATION INTERNATIONAL, INC., JET AVIATION HOLDING USA INC., JET AVIATION FLIGHT SERVICES, INC. WELLS FARGO BANK NORTHWEST, N.A., AVIONETA HOLDINGS LLC, RANCE ACQUISITIONS, LLC, TVPEAT, INC. Policy period: starting April 1, 2013 ending April 1, 2014 Such Insurance is subject to a Combined Single Limit of Liability that is sufficient to cover the sum of the followings amounts: Minimum liability in respect of each passenger: SDR 250,000 Minimum liability in respect of baggage per passenger: SDR 1,131 Minimum liability in respect of each kg of cargo: SDR 19 Third party minimum liability for each and every aircraft, per accident covering also damages due to risks of war or terrorism: ❑ SDR covering all attached owned fleet of the carrier or ❑ SDR covering all attached fleet of the carrier both owned and operated or Nit the minimum amount coverage is related to the single aircraft: Aircraft type Registration Third Party Minimum Insurance GULFSTREAM V N624N SDR 150,000,000 All the minimum liability amounts stated above also cover damage due to the risks of war, terrorism, hi-jacking, acts of sabotage, unlawful seizure of aircraft and civil commotion as per Clause AVN52E. Third party cover under AVN52E is subject to an aggregate limit which may be placed over two separate policies as indicated by the policy numbers above. All of the above risks are insured within their specific terms and conditions of coverage. The above mentioned policy is in accordance with Regulation (CE) 785/2004 minimum sums insured legally required, specified as above, and as increased effective 30 December 2009 pursuant to a revision of the Montreal Convention 1999 Limitation of Liability. In case of insurance interruption or modification of the minimum liability amounts before the above expiry date, the insurer will have to notify ENAC the cancellation or variation of the contract. It is further certified that the above mentioned policy complies with the requirements of Regulation (CE) 785/2004 and Art. 798 of the Italian Air Navigation Code. Insurers stamp and Signature (name) Chief Underwriting Officer (position) Global Aerospace One Sylvan Way. Parsippany. NJ 07054 Certificate No. 1325313791 ACZ022 (January 26. 2010) Page 1 of I EFTA01077874  CERTIFICATE OF INSURANCE This certificate is given as a matter of information only and confers no rights upon the certificate addressee. Date: March 14.2013 This is to certify to: That the following policy has been issued to: Minister of Transport JET AVIATION INTERNATIONAL. INC., JET AVIATION HOLDING Department of Transport USA INC., JET AVIATION FLIGHT SERVICES, INC. 200 Kent Street WELLS FARGO BANK NORTHWEST, N.A., AVIONETA HOLDINGS Ottawa. ON KIA 0N8 LLC, RANCE ACQUISITIONS. LLC, TVPEAT, INC. Canada 6150 SOUTH LARAMIE AVENUE CHICAGO. IL 60638 Policy No. 12000657 issued by one or more member companies of Global Aerospace Pool through Global Aerospace. Inc. Policy Period: from April 1.2013 to April 1, 2014 Policy Territory: Worldwide AIRCRAFT LIABILITY Single Limit Bodily Injury and Property Damage Including Passengers (All expressed limits are "Each Occurrence" unless otherwise indicated) Registration Liability Number Year Make Model Limit N624N 1999 GULFSTREAM V 5300.0(10.000 Notwithstanding any requirement. term or condition of any contract or other document with respect to which this certificate may be issued or may pertain. the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies. This certificate does not amend. extend or otherwise alter the coverages afforded by the policies described herein. Limits may have been reduced by paid claims. GLOBAL AEROSPACE GLOBAL AEROSPACE, INC. W't4tsit,rr BY: Certificate No. 1823007743 ACZ001 (September 1, 2009) Page 1 of I EFTA01077875  MAPFRE TEPEYAC S.A Boulevard Magnocentro #5 MAPFRE TEPEYAC Col. Centro Urbana (Interlomas) Municipio San Frenando Huixquilucan MEXICO Edo. de Mexico Mexico C.P. 52760 Poliza de Seguro de Aviacion (Aviation Insurance Policy) Paint no. / Policy no.: TAP Uso Privado / Private Use Vigencia / Insurance period: Del / From Abril 1. 2013 al / to Abril 1, 2014. 12:00 PM Nombre del Asegurado y Direccion / Insured Name and Address JET AVIATION INTERNATIONAL. INC.. JET AVIATION HOLDING USA INC.. JET AVIATION FLIGHT SERVICES. INC. WELLS FARGO BANK NORTHWEST. N.A.. AVIONETA HOLDINGS LLC, FIANCE ACQUISITIONS, LLC. TVPEAT, INC. 6150 SOUTH LARAMIE AVENUE CHICAGO. IL 60638 USA Descripcian de la aeronave asegurada 1Description of the insured aircraft Marca y modelo / Make & mode! Ano / Year Matricula / Prefix GULFSTREAM V 1999 N624N Prima anual / Annual premium Prima neta / Net premium Gastos espedici6n / Policy Fees I.V.A. I V.A.T. Total / Total $ 400.00 $ 15.00 $44.00 $ 459.00 Forma de Pago / Payment scheduled- Anual / Annual Moneda / Currency- Wares / U.S. Dollars Coberturas / Coverages: Responsabilidad Civil por danos a terceros en sus bienes o en sus personas. Limite total maxima asegurado (-unico y combinada") de / General Liability. bodily injury or property damages, combined single limit: $300,000. En caso de siniestro se cubriran las indemnizaciones a qua hubiere lugar en terminos de lo dispuesto por el capitulo XII de la Ley de Aviacion Civil, publicada en el Diana Oficial de la Federacion del 12 de mayo de 1995. Los pagos correspondientes se realizaran en moneda nacional, tomandose coma base el salaria minima general diario vigente en el Distrito Federal. en la fecha en que ocurran los defies. cubriandose de la siguiente forma. pero en ningen momenta excediendo la sumas aseguradas mencionadas mas adelante: 1.- DE LOS DAFIOS A TERCEROS: Cuando por la operacion de la aeronave o por objetos desprendidos de la misma o por colision. se causen danos a las personas o a las cosas que se encuentren en la superficie. se cubriran los dawn conforms a lo dispuesto por el articulo 72 de la Ley de Aviacion Civil en los siguientes terminos: a) Para los objetos en la superficie, el monto de la indemnizacion sera de haste 35.000 dias de salario minima general vigente en el Distrito Federal. coma maxima en un evento. b) En el caso de danos a las personas. se cubriran las indemnizaciones en terminos do los dados a pasajeros. senalados en el primer parrafo del articulo 62 de la Ley de Aviacion Civil. el monto de la indemnizacion maxima por persona sera de hasta 21,900 dias de salario minimo general vigente en el Distrito Federal. como maxima por una o varies. El monto total de la suma asegurada por danos a terceros es de 56,900 dias de salario minimo general vigente en el Distrito Federal. Si por algal) motive fuera procedente la cancelacion de la Wee a la cual se agrega esta especificacion, MAPFRE TEPEYAC S.A., se encuentra obligada a der aviso de Inmediato alas autoridades de la Direccion General de Aeronautics Civil. LA PRESENTE SE EXPIDE PARA CUMPLIR CON LOS REQUERIMIENTOS DE LAS AUTORIDADES DE AERONAUTICA CIVIL SE ACLARA QUE LA AERONAVE CUENTA CON UNA POLIZA DE CASCO EMITIDA EN LOS ESTADOS UNIDOS DE NORTEAMERICA EN MONEDA AMERICANA. SE CONFIRMA QUE A LA EXPEDICION DE LA PRESENTE, LA PRIMA HA SIDO TOTALMENTE PAGADA Instructions in Case of Accident Please contact the nearest adjuster as soon as possible. Accident or claim must be reported in Mexico to an adjuster or to the company directly. No claim of any sort can be honored without this requirement being fulfilled. MAPFRE TEPEYAC. SA G-186 (September 1, 2009) Page 1 EFTA01077876  POLICY SPECIFICATION OF RISKS COVERAGE A. LIABILITY FOR PROPERTY DAMAGE (DAMAGE TO PROPERTY In the event the Insured has any claim or suit brought against him for damages OF OTHERS). ChM liability of the Insured ansmg out of the use of the described covered hereunder. he shall ornmedately nobly the Company and if necessary. shall worth. for material damages to any property not owned by the Insured. members of forward the Company every demand. notice. summons or other process received by as household. the plot nor which are under its custody or as employees or agents. hrn. COVERAGE B. BODILY INJURY LIABILITY. Civil liability of the Insured arising out of The Insured OW not admit any kabaty nor shall incur in any expenses not death or injuries caused by the use of the &sated aircraft, as follows: authorized hereunder. nor shall enter won any arrangements or transactions, without previous written consent from the Company. Admission of liability by the Insured shall a) The legal Indemnity payable by the Insured for death or total or not be construed as the acceptance of such liability by the Company. partial permanent Madly or temporary OsablIlly: In the event of any criminal act which may constitute a claim hereunder. the b) Medical and burial expenses. as the case may be. of persons Insured shal immedialety notify competent authorities and shall cooperate with the injured by the described month: Company in the collection of the amount of damages suffered. c) Expenses and costs which the Insured or the pilot may be VI. —ADJUSTMENT. —For the purpose of adjusting the damages by the described condemned to pay in the event of suit brought against either or both. &craft. the Company shall jointly with the Insured and claimants. appraise such damages. Failure of the Insured or claimant to attend. shall forfeit their right to Liability for bodily injuries to occupants of the aircraft is not intervene, without prejudice of appointing an arbitrator in the event of disagreement. covered under this Section. The intervention of the Company in the appraisal shai not be construed to mean acceptance of any liability whatsoever with regard to the loss. GENERAL CONDITIONS In any event. the Company shall accept or refuse batty within 30 days from I.-EXCLUSIONS-This Insurance dial not cover. in any event: receiving all necessary documents and information. Damages caused by the aircraft when used for instruction purposes VII. -ARBITRATION.-In the event of any difference between the Insured or claimant and the Company regarding the amount of any damage or loss, the matter shall be Damages caused by the arcraft while tieing flown by any person lacking a submitted to arbitration by an arbitrator. appointed in writing by both parties: in the Mors license issued by competent authorities or whenever tang flown by event the parties do not agree with the decision issued by the arbitrator. each party a person that at the moment is under the influence of alcohol or drugs. if shall appoint its own arbitrator. This appointment shall be made within one month and nten these circumstances have a direct influence upon the accident from the dale one of the parties does so require the other in writing. The two causing the damage. abr aders. before beginning their work. shall appoint an umpire. Legal costs for the defense of the Insured or the plot of the aircraft in any In the event one of the parties refuses to appoint an arbitrator or has not done it suits arising from the accident or the costs of bonds of any kind. as well as within Ire above expressed term or. it the arbitrators do not agree as to the fines or other cblgations other than the reparation of the damage. appointment of the umpire. the courts shall. at the request of any of the parties went the arbitrators. the umpire or al. However. the National Insurance Loss or damage caused by the deserted aircraft as a consequence of Commission may appoint the arbitrators and the umpire, if so requested in mutual war-like operations. whether arising out of foreign and evil war. agreement by both parties. Death of one of the parties or dissolution of a corporation. Insurrection. rebellion. expitonation. confiscation. seizure or detention by while the arbitration is being carried out dial not annul nor affect the appointment of the authorities or any other smiler cause. Laraine. the insurance does abraders or their actions. In the event any one of the arbitrators may die before a not cover loss or damage caused by the &sated aircraft when used for report has been given. a substitute OW be appointed as hereinabove provided. any military service. with a without the consent of the Insured. Each (arty shall bear the expenses of its own arbitrator. The fees and expense of the umpire shall be bome jointly. 5.- Civil batty for injuries to any persons of the household of the Insured or employed by him. The arbitration referred to in this Clause does not imply acceptance of babilty by the Company: arbitration shall only determine the eventual amount of loss to be paid. Civil balmily for death or bode/ injuries to the pact or crew of the described Parties hereto are free to exercise as pertinent legal actions. Strati or any occupants no liability arising from intentional misdemeanors by the owner or the pilot of the described arcraff. VIII. -LOSS OF RIGHT TO INDEMNITY. -In the event of any misrepresentation whatsoever in the claim presented by the Insured. the Insured shall lose all rights Any indirect loss suffered by the Insured. including loss of use of the whatsoever to indemnity hereunder. described aircraft. IX. -LIMIT OF LIABILITY. -Liability of the Company dial not exceed the actual value Damages caused by the aircraft due to overloading or by operating of the damage caused. on the dale of the accident. Under no circumstances it shall conditions exam:frig the rated or speolied capacity. Lionise. the exceed the amount inured hereunder. as provided for ri Clause X. Company shall not be liable for any damages to runways. taxiways or any tacitly forming pan of the airport. whether due to vibrations or to the X. -REDUCTION AND REINSTATEMENT OF INSURED AMOUNT. -Al weight of the aircraft and as load. indemnizations paid by the Company shall reduce the insured amount by the same sum. but a may be reinstated at the request of the Insured and by payment of the II.- RISKS EXCLUDED WHICH MAY BE COVERED BY EXPRESS AGREEMENT.- additional premium. Damages caused by the described aircraft and Mich speolically are the consequence ol: XI. -OTHER INSURANCE. -The Insured shall immeet.stely nobly the Company in writing of any other insurance in force with other Companies covering the same a) use of the plan for purposes or uses other than those herein stated: property. stating the name of the Underwriter and the insured amount. b) take pan in prearranged races or trials whatsoever. XII. -COMPETENCE. -In the event of controversy. the complainant dial carry through the conoliation procedure set forth in Article 135 of the General Law of Insurance III.-PRIOR TERMINATION OF THE CONTRACT. —The term of this insurance Institutions and in the event that the National Insurance Commission does not appoint notwithstanding. the parties agree that either may terminate it before the expiration an arbitrator. the courts of Mexico City dial be competent. date. in which case the Company shall refund the unearned premium within 15 days from the effective date of such lamnation. XIII. -For the interpretation of the ConeMions hereof. Spanish ten shall rule in every case. IV.-PRECAUTIONS IN CASE OF LOSS. —Upon the occurrence of an accident or loss, the Insured shall take as precautions advisable under the arcumslances to XIV. -PREMIUM. -Premium is due and payable upon the issuance hereof and shall be prevent further damages. paid against a premium receipt issued by the Company. Failure by the Insured to comply with the foregoing provision. shall only result in the ARTICLE 25 OF THE INSURANCE CONTRACT LAW. -If the contents of the reduction of the indemnity to the sum to which the original damage would have POLICY or as modifications do not agree with the offer. the Insured may request the amounted if the Insured had complied with such obligation. necessary amendments within 30 days from the receipt of the policy. After that period. the contents of the policy and modifications thereto. shall be construed as V. —Losses.—Upon the commence of an accident covered hereunder. the Insured is having been accepted in full by the Insured. obliged to immediately notify the Company as soon as practicable except in cases of force majeure. Failure by the Insured to comply with the foregoing provision, shall only result in the reduction of the indemnity to the sum to which the original damage would have amounted if the Insured had complied with such cbligalion. Page 2 EFTA01077877  CERTIFICATE OF INSURANCE This certificate is given as a matter of information only and confers no rights upon the certificate addressee. Date: March 14, 2013 This is to certify to: That the following policy has been issued to: To Whom It May Concern JET AVIATION INTERNATIONAL, INC., JET AVIATION HOLDING USA INC., JET AVIATION FLIGHT SERVICES, INC. WELLS FARGO BANK NORTHWEST, N.A., AVIONETA HOLDINGS LLC, R.ANCE ACQUISITIONS, LLC, TVPEAT, INC. 6150 SOUTli LARAMIE AVENUE CHICAGO, IL 60638 Policy No ssued by one or more member companies of Global Aerospace Pool through Global Aerospace, Inc. Policy Period: from April 1.2013 to April 1, 2014 Policy Territory: Worldwide AIRCRAFT LIABILITY Single Limit Bodily Injury and Property Damage Including Passengers (All expressed limits are "Each Occurrence" unless otherwise indicated) Registration Liability Number Year Make Model Limit Third Party War Liability N624N 1999 GULFSTREAM V 5300.000.000 5250.000.000 Each Occurrence AIRCRAFT PHYSICAL DAMAGE Not In Registration In Motion Motion Hull Number Year Make Model Insured Value Risk Basis Deductible Deductible War N624N 1999 GULFSTREAM V 528.000.000 All Risk NIL NIL Included Notwithstanding any requirement. term or condition of any contract or other document with respect to which this certificate may be issued or may pertain. the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies. This certificate does not amend. extend or otherwise alter the coverages afforded by the policies described herein. Limits may have been reduced by paid claims. GLOBAL AEROSPACE GLOBAL AEROSPACE, INC. 1 44741rIllr BY: a - Certificate No. 1911079167 ACZ001 (September 1, 2009) Page 1 of I EFTA01077878  CERTIFICATE OF INSURANCE - EC REGULATION 785/2004 Date: March 14, 2013 This is to certify to: That the following policy has been issued to: To Whom It May Concern JET AVIATION INTERNATIONAL, INC., JET AVIATION And/Or Any Member State of the European Union HOLDING USA INC., JET AVIATION FLIGHT SERVICES, INC. WELLS FARGO BANK NORTHWEST, N.A., AVIONETA HOLDINGS LLC, RANCE ACQUISITIONS, LLC, TVPEAT, INC. 6150 SOUTH LARAMIE AVENUE CHICAGO. IL 60638 Policy a issued by one or more member companies of Global Aerospace Pool through Global Aerospace, Inc. Policy Period: from April 1, 2013 to April 1, 2014 Policy Territory: Worldwide Insurance applies for the entire policy period. AIRCRAFT LIABILITY INSURANCE Coverages Limits of Liability (USD) Special Drawing Right (SDR)' Single Limit Bodily Injury and Property Damage Liability, Including Passengers $300.000.000 Each Occurrence2 150,000,000 Each Occurrence War Risk and Allied Perils3 Bodily Injury and Property Damage $250.000.000 Each Occurrence 150,000,000 Each Occurrence (i) The limits of the Company's liability described in the policy are in USD. The SDR equivalent amounts displayed above were determined on the date this certificate was issued. Any change in the USD to SDR conversion rate that occurs after the date of this certificate shall not increase the limits of insurance afforded. (2) Pursuant to Articles 6 and 7 of Regulation (EC) No. 785/2004, the above Single Limit is sufficient to cover the sum of the following amounts of insurance: SDR 1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence. SDR 19 per kilogram for damage to cargo. (3) Insurance applies to claims caused by any act of one or more persons, whether or not agents of a sovereign Power, for political or terrorist purposes and whether the loss or damage resulting therefrom is accidental or intentional. Passenger Maximum Take Off Mass Aircraft Covered: Capacity < Pounds / < Kilograms 1999 GULFSTREAM V, N624N 14 110,231 / 50.000 Or the following aircraft if used as a temporary substitute: Notwithstanding any requirement. term or condition of any contract or other document with respect to which this certificate may be issued or may pertain. the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies. This certificate does not amend, extend or otherwise alter the coverages afforded by the policies described herein. Limits may have been reduced by paid claims. GLOBAL AEROSPACE GLOBAL AEROSPACE, INC. 4 ail BY: Certificate No. 1682611839 ACZ019 (January 26, 2010) Page 1 of I EFTA01077879  CERTIFICATE OF INSURANCE - EC REGULATION 785/2004 (Germany) Date: March 14, 2013 This is to certify to: That the following policy has been issued to: To Whom It May Concern JET AVIATION INTERNATIONAL INC., JET AVIATION HOLDING And/Or Any Member State of the European Union USA INC., JET AVIATION FLIGHT SERVICES, INC. WELLS FARGO BANK NORTHWEST. N.A., AVIONETA HOLDINGS LLC, RANCE ACQUISITIONS, LLC, TVPEAT, INC. 6150 SOUTH LARAMIE AVENUE CHICAGO. IL 60638 Policy N issued by one or more member companies of Global Aerospace Pool through Global Aerospace, Inc. Policy Pert : romApril 1, 2013 to April 1, 2014 Policy Territory: Worldwide Insurance applies for the entire policy period. AIRCRAFT LIABILITY INSURANCE Combined Single Limit (Bodily Injury/Property Damage) of at least USD $300.000.000 any one occurrence, any one aircraft. War Risk and Allied Perils (Bodily Injury/Property Damage) of at least USD $250.000.000 any one occurrence, any one aircraft. This insurance applies to claims caused by any act of one or more persons, whether or not agents of a sovereign Power, for political or terrorist purposes and whether the loss or damage resulting there from is accidental or intentional. Pursuant to Articles 21 and 22 of the Montreal Convention. Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45-47 LuftVG (air navigation act), the above Combined Single Limit is sufficient to cover the sum of the following amounts of insurance: SDR 150,000,000 per occurrence and per aircraft third party bodily injury and property damage SDR 250,000 per passenger for bodily injury SDR 4,694 for delay in carriage of passengers arising from an insured occurrence, damages otherwise arising are self- insured by the above-mentioned airline SDR 1,131 for damage to baggage and delay in carriage of baggage from an insured occurrence SDR 19 per kilogram for damage to cargo. IT IS FURTHER CERTIFIED THAT the amounts of insurance stated above are in accordance with the minimum insurance cover requirements of Articles 21 and 22 of the Montreal Convention, Articles 6 and 7 of Regulation (EC) No. 785/2004, and in accordance with 103 LuftVZO (air navigation certification order) combined with 45.47 LuftVG (air navigation act), based on this Policy being insured in USD and any rate of exchange movement between USD and Special Drawing Rights during the period of this insurance shall not exceed the Combined Single Limit and Third Party War Risks and Allied Perils Limits evidenced hereby. SEVERAL LIABILITY NOTICE - The subscribing insurers' obligations under policies to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. Passenger Maximum Take Off Mass Aircraft Covered: Capacity < Pounds / < Kilograms 1999 GULFSTREAM V. N624N 14 110,231 / 50.000 Or the following aircraft if used as a temporary substitute: / Notwithstanding any requirement. term or condition of any contract or other document with respect to which this certificate may be issued or may pertain. the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies. This certificate does not amend. extend or otherwise alter the coverages afforded by the policies described herein. Limits may have been reduced by paid claims. GLOBAL AEROSPACE GLOBAL AEROSPACE, INC. "or pr ea BY: Certificate No. 296027648 ACZ020 (January 26, 2010) Page 1 of EFTA01077880