EFTA00605094.pdf

Gulfstream PRODUCT SUPPORT PROPOSAL Prepared for Presented by Gulfstream G550 Serial Number 5173 Rusty Cramer JEGE, LLC Regional Sales Manager, Gulfstream Aerospace Mr. Larry Visoski Gulfstream Proposal 0 27 July 2017 EFTA00605094  TABLE OF CONTENTS PART I. Workscope Description 3 A. Interior Refurbishment 3 B. Avionics Cabin Electronics 3 C. Mechanical 3 D. Paint 3 PART II. Contingencies and Assumptions of Proposal Offer 7 A. Estimated Leadtime 7 B. Estimated Downtime 7 C. Pricing And Scheduling Terms 7 D. General Contingencies 8 E. Addendum To Proposal And Work Authorization Terms And Conditions 9 PART III. Payment Terms and Remittance Instructions 10 PART IV. Executive Summary and Proposal Acceptance 11 EFTA00605095  ID e 4.-1 27 July 2017 (. k e )4; ) Gulfstream G550 Serial Number 5173 JEGE, LLC PART I. Workscope Description A. INTERIOR REFURBISHMENT Not Requested B. AVIONICS / CABIN ELECTRONICS Not Requested C. MECHANICAL Not Requested D. PAINT 1. Aircraft Paint 1.1 Option 1- Full Paint $269,462 The preparation and application of the exterior paint will be applied in accordance with the procedures and specifications outlined in the Gulfstream Aerospace Material and Process Specification (CAMPS 4000) and will include the following Customer specified elements: • The existing paint will be removed from the aircraft. • Composite surfaces will be scuff sanded to remove the gloss from the existing paint. • The main entrance Airstair door, Airstair door jamb, and baggage door jamb will be painted to match the primary fuselage color. • The inside of the landing gear doors will be painted with the same base color as the outside surface. • The landing gear will be cleaned. • Wing walks will be applied in accordance with approved data. • A new radome boot will be applied. • All antenna leading edges will have erosion tape applied. • Previously polished metal surfaces will be buffed. • The inside surfaces of the airbrakes will be painted. • Atter completion of the exterior paint, a weight and balance will be performed on the aircraft. • Any items not listed above will be quoted on a per item basis by the Gulfstream facilities Paint Operations Manager, including labor and materials on a Work Change Request (WCR). In addition to the paint specifications listed above, the following standard Gulfstream Aerospace Paint Specifications will be incorporated: • The existing paint will be removed from the aircraft. • Composite surfaces will be scuff sanded to remove the gloss from the existing paint. • The main entrance Airstair door, Airstair door jamb, and baggage door jamb will be painted to match the primary fuselage color. • The inside of the landing gear doors will be painted with same base color as the outside surface. • The landing gear will be cleaned. • Wing walks will be applied in accordance with approved data. • A new radome boot will be applied. • All antenna leading edges will have erosion tape applied. • Previously polished metal surfaces will be buffed. • The inside surfaces of the air brakes will be painted. • Atter completion of exterior paint, a weight and balance will be performed on the aircraft. • Any items not listed above will be quoted on a per item basis by the Gulfstream facility's Paint Operations Manager, including labor and materials on a Work Change Request (WCR). Page 3 of 13 This proposal is confidential between Gulfstream and the Customer. TJA sirc Return to Table of Contents GAG Rev. Apia 21.2017 EFTA00605096  ID v 27 July 2017 I . tlIsl icatii Gulfstream G550 Serial Number 5173 e) ) ) JEGE, LLC PART I. Workscope Description (continued) D. PAINT (continued) 1. Aircraft Paint (continued) 1.2 Option 2 - Fuselage and Tail Paint $218,167 The preparation and application of the exterior paint will be applied in accordance with the procedures and specifications outlined in the Gulfstream Aerospace Material and process specification (GAMPS 4000) and will include the following Customer specified elements: • The fuselage will be painted in a single customer selected non-pearl type color. • Two (2) aircraft registration markings will be applied. • The existing paint will be scuff sanded to remove the gloss from the existing paint. • Composite surfaces will be scuff sanded (where required) to remove the gloss from the existing paint. • The main entrance Airstair door. Airstair door jamb, and baggage door jamb will be painted to match the fuselage color. • The landing gear will be cleaned. • A new radome boot will be applied. • All antenna leading edges will have erosion tape applied. • Previously polished metal surfaces will be buffed. • After completion of the exterior paint, a weight and balance will be performed on the aircraft. • Any items not listed above will be quoted on a per item basis by the Gulfstream facilities Paint Operations Manager, including labor and materials on a Work Change Request (WCR). Note: This proposal assumes that the existing paint in all areas to be painted is in such condition that allows for the process of sanding and then painting. If upon evaluation by GAC it is found that the existing paint does not meet this requirement, stripping of the existing paint will be required. Consequently additional labor and materials will be required and addressed via Time & Materials. GAC does not recommend stripping of the fuselage only and cannot guarantee that the stripping chemicals will not adversely affect the existing wing paint. In addition to the paint specifications listed above, the following standard Gulfstream Aerospace paint specifications will be incorporated: • The existing paint will be removed from the aircraft. • Composite surfaces will be scuff sanded to remove the gloss from the existing paint. • The main entrance Airstair door, Airstair door jamb, and baggage door jamb will be painted to match the primary fuselage color. • The inside of the landing gear doors will be painted with the same base color as the outside surface. • The landing gear will be cleaned. • Wing walks will be applied in accordance with approved data. • A new radome boot will be applied. • All antenna leading edges will have erosion tape applied. • Previously polished metal surfaces will be buffed. • The inside surfaces of the airbrakes will be painted. • Atter completion of the exterior paint, a weight and balance will be performed on the aircraft. • Any items not listed above will be quoted on a per item basis by the Gulfstream facilities Paint Operations Manager, including labor and materials on a Work Change Request (WCR). • Any items not listed above will be quoted on a per item basis by the Gulfstream facility's Paint Operations Manager, including labor and materials on a Work Change Request (WCR). Page 4 of 13 This proposal is confidential between Gulfstream and the Customer. TJA sirc Return to Table of Contents GAC Rev. Apia 21.2017 EFTA00605097  ID or 27 July 2017 Gulfstream G550 Serial Number 5173 JEGE, LLC PART I. Workscope Description (continued) D. PAINT (continued) 1. Aircraft Paint (continued) Composite Surfaces: • All composite parts will be scuff sanded to remove the gloss from the existing paint. Composite surfaces that exhibit pre-existing cracking, peeling, or extensive erosion may require strip sanding at additional expense. Composite components that require repairs over and above normal sanding will be evaluated and quoted separately. • In the event the Customer does not wish to approve the WCR from the paint manager to properly strip sand the composite surfaces due to the specified reasons, Gulfstream will not warranty adhesion of any newly applied primer or paint to composite surfaces due to a failing preexisting primer and paint system. Excessive Paint Thickness: Gulfstream Aerospace material specifications provides limitations on total paint thickness (MIL'S) which is critical for paint quality and long life. Surfaces that have extensive existing paint thickness may require additional steps to remove the existing topcoat. Depending upon the extent of the additional steps required, total cost and down time may be affected. Hazardous Waste Fees: The quoted amount includes the hazardous waste stripper disposal fee. Exterior Paint Warranty Provisions: All paint applications, excluding pearl (mica, pearl, and metallic) paint, furnished and installed by Gulfstream will be warranted to be free from defects of workmanship for a period of 1200 aircraft flying hours or two (2) years (whichever occurs first). This warranty does not apply to any normal paint erosion or wear caused by forces of nature. Gulfstream's liability covers repainting a part or parts at a Gulfstream facility. Deposit Prior To Scheduling: A non-refundable deposit of $50,000 must be received prior to the scheduling of an aircraft to be stripped and repainted. If a deposit is not received within fourteen (14) days after proposal acceptance, the slot will be forfeited. Deposits must be received in one (1) week it there are fewer than forty-five (45) days until induction. Page 5 of 13 This proposal is confidential between Gulfstream and the Customer. TJAismc Return to Table of Contents GAC Rev. Apia 21. 2017 EFTA00605098  ID or 27 July 2017 I ..dl:sl rc; ii Gulfstream G550 Serial Number 5173 JEGE, LLC PART I. Workscope Description (continued) D. PAINT 1. Aircraft Paint (continued) 1.3 Exterior Paint Additional Options See Below The following optional items will be additional to the standard base paint price: Single Color Fuselage with A Pearl Type Paint $74,651 Two (2) Tone Fuselage with Both Colors Being Non-Pearl Colors $13,901 Two (2) Tone Fuselage with One (1) Pearl and One (1) Non-Pearl Color $37,325 Two (2) Tone Fuselage with Both Colors Being Pearl Type Paint $88,552 Two (2) Tone Tail $7,072 Paint Tail with Pearl Paint $29,305 Two (2) Tone wings $7,950 Paint wings with pearl paint $34,678 Add Additional Stripes with non-pearl paint (Each) $7,009 Add Additional Stripes with pearl paint (Each) $13,761 Upper Wing National Registration $5,191 Lower Wing National Registration $5,191 Temporary Registrations (Covers All Registration Markings) $2.418 Additional flags (each) $4,268 Additional Writings (Each) $5,191 Additional Logos (Each) $6,369 Paint Landing Gear $12,555 Paint Gear Wells $40,666 Apply Thrust Reverser Clear Coat $12,555 Clean and Touchup Wing Rear Beam $24,815 Paint the Boiler Room Door and Jamb $1,331 Paint Inside the Engine Cowls $12,920 Paint Inside of External Access Covers $12,555 Strip Sanding of Composite Components $30,407 Apply Protective Teflon Coating $7,875 2. Photographic Documentation Z1Photographic Documentation No Charge Photographic Documentation at no charge to Customer may be taken in accordance with the following agreement between the Customer and Gulfstream. Should the Customer like to participate in this Photographic Documentation, please review the following agreement and authorize by accepting this item on the proposal summary page. Agreement: Gulfstream reserves the right to photographically document the outfitting process and the refurbished aircraft. All Photographic Documentation is accomplished at Gulfstream's discretion. Gulfstream reserves the right to use in advertising, on the Gulfstream Internet sites, Gulfstream Videos, promoting or otherwise supporting the business of Gulfstream, including without limitation copying, reproduction, publishing in a Before and Atter coffee table book, in whole or in part, individually or in conjunction with other materials. The aircraft and ownership information will not be included in any public publication. Buyer is provided with the following photography after aircraft delivery: • One (1) electronic copy of aircraft photography Page 6 of 13 This proposal is confidential between Gulfstream and the Customer. TJ/Vsinc Return to Table of Contents GAC Rev. April 21.2017 EFTA00605099  ID v 27 July 2017 n.dlxl lr:ull Gulfstream G550 Serial Number 5173 (. e.) .) ) 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 5173 (-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 if 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 7 of 13 This proposal is confidential between Gulfstream and the Customer. TJA sire Return to Table of Contents GAC Rev. AO' 21.2017 EFTA00605100  ID 27 July 2017 t Gulfstream G550 Serial Number 5173 . e.) e.) AGE, 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 under Gulfstream's PlaneParts© program. To enroll or learn more about the PlaneParts© program please visit http://www.gulfstream.com/product-support/support-services/planeparts. 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 8 of 13 This proposal is confidential between Gulfstream and the Customer. TJA/smc Return to Table of Contents G.AC Rev. Apia 21.2017 EFTA00605101  ID # 27 July 2017 Gulfstream G550 Serial Number 5173 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 9 of 13 This proposal is confidential between Gulfstream and the Customer. TJA smc Return to Table of Contents GAC Rev. Apia 21.2017 EFTA00605102  ID it Poo Pm' 27 July 2017 wain G 00 Gulfstream G550 Serial Number 5173 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. 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. In any and all cases, Gulfstream shall not be required to release Customers Aircraft to depart if Customer's total outstanding balance owed to the Gulfstream Parties exceeds the lesser of One Hundred Fifty Thousand ($150,000.00) or Customer's 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. Notwithstanding the foregoing, if Gulfstream has been requested to perform Aircraft/Records and Condition Survey and/or other inspections associated with the Customer's due-diligence or appraisal inspection prior to closing of an aircraft sales transaction (together referred to as the "Pre-buy Survey") the following payment terms apply: Payment of fees and costs incurred for the Pre-Buy Survey are payable in advance of the inspection and/or any related activity being performed. Acceptable methods of payment related to the Pre-Buy Survey and supporting aircraft sales transactions include payment via wire transfer/ACH, certified check and Gulfstream accepted credit card. All costs incurred in remediation of discrepancies documented during the Pre-Buy Survey or required in conjunction with the supporting aircraft sales transaction are due immediately upon completion of the Pre-Buy Survey and all associated Work and prior to the departure of the aircraft. This Section III applies to all Customers, including those who have available credit. Prior to conducting any Pre-Buy Survey activities, the owner of the Aircraft subject to the activities must acknowledge its approval for the activities to occur, and its acceptance of the Pre-Buy Survey Work Authorization Addendum and hold harmless agreement and the payment terms above. Notwithstanding the Pre-Buy Survey payment terms above, Gulfstream maintains its right to assert a lien against the aircraft for any unpaid services to extent provided by applicable law. Remittance can be made to the following: CHECKS: WIRE TRANSFERS: Gulfstream Aerospace Corporation Gulfstream Aerospace Corporation P.O. Box 730349 JP Morgan Chase Bank, NA 14800 Frye Road 1 Bank One Plaza Ft. Worth, TX 76155 Chicago, IL 60670 Account (Overnight) Gulfstream Aerospace Corporation do JP Morgan Chase Bank. NA BANK IDENTIFIERS Dallas, TX 75373-0349 Fedwire R S.W.I.F.T ACH Credit Routing No. 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 10 of 13 This proposal is confidential between Gulfstream and the Customer. TJA/sinc Return to Table of Contents GAC Rev. Apnl 21.2017 EFTA00605103  ID 27 July 2017 .. thsi waiii 1-1 r Gulfstream G550 Serial Number 5173 AGE, 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 (USD) Accept Decline B. AVIONICS CABIN ELECTRONICS C. MECHANICAL D. PAINT 1. Exterior Paint 1.1 Option 1 Full Paint $269,462 1.2 Option 2 Fuselage and Tail Paint $218.167 1.3 Exterior Paint Additional Options See Below Single Color Fuselage with A Pearl Type Paint $74,651 Two (2) Tone Fuselage with Both Colors Being Non-Pearl Colors $13,901 Two (2) Tone Fuselage with One (1) Pearl and One (1) Non-Pearl Color $37.325 Two (2) Tone Fuselage with Both Colors Being Pearl Type Paint $88,552 Two (2) Tone Tail $7.072 Paint Tail with Pearl Paint $29,305 Two (2) Tone wings $7,950 Paint wings with pearl paint $34,678 Add Additional Stripes with non-pearl paint (Each) $7.009 Add Additional Stripes with pearl paint (Each) $13,761 Upper Wing National Registration $5,191 Lower Wing National Registration $5,191 Temporary Registrations (Covers All Registration Markings) $2.418 Additional flags (each) $4,268 Additional Writings (Each) $5.191 Additional Logos (Each) $6,369 Paint Landing Gear $12.555 Paint Gear Wells $40,666 Apply Thrust Reverser Clear Coat $12,555 Clean and Touchup Wing Rear Beam $24,815 Paint the Boiler Room Door and Jamb $1,331 Paint Inside the Engine Cowls $12,920 Paint Inside of External Access Covers $12.555 Strip Sanding of Composite Components $30,407 Apply Protective Teflon Coating $7.875 Photographic Documentation 2.1 Photographic Documentation No Charge QUOTED WORKSCOPE TOTAL BASED ON CUSTOMER ACCEPTED ITEMS $01 'Default value is set to SO until Customer selections have been made above. Page 11 of 13 This proposal is confidential between Gulfstream and the Customer. Return to Table of Contents GAC Rev. Apni 21.2017 EFTA00605104  ID it im le\ 27 July 2017 (umrt.:nu k )e )( Gulfstream G550 Serial Number 5173 AGE, LLC PART IV. Executive Summary and Proposal Acceptance (Continued) Schedule Planning Estimated Days Estimated Leadtime See Note '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. Note: Estimated leadtime for paint is 42 calendar days. Please contact your Regional Sales Manager for paint slot availability. Estimated Downtime' 26 Working Days 2The 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. Input Fad Gulfstream Savannah 500 Gulfstream Road Savannah. G r i 14 Main Phone: St. Louis St. Louis Downtown Airport 6400 Curtiss-Steinberg Drive Cahokia, Illinois 62206-1445 Note: This proposal is for input at either Savannah or St Louis. Please contact your Regional Sales Manager. Quote Validity Pricing contained in this proposal is valid for 90 days from the date of this proposal. i For further details/definition, see Part II Section C or click here) Main° Notes A non-refundable deposit of $50,000 must be received prior to the scheduling of an aircraft to be stripped and repainted. If a deposit is not received within fourteen (14) days after proposal acceptance, the slot will be forfeited. Deposits must be received in one (1) week if there are fewer than forty-five (45) days until induction. Page 12 of 13 This proposal is confidential between Gulfstream and the Customer. TJA/smc Return to Table of Contents GAC Rev. Apra 21.2017 EFTA00605105  ID v (rile e\ 27 July 2017 Gulfstream G550 Serial Number 5173 \.•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