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Insurance - Cessna Rental. (a) During the Term, Lessor shall create to be given and also preserved in complete force and also result, at Lessee's sole expense and expenditure, a policy or plans of insurance policy providing the protection defined in this Section 7 covering all procedures of the Airplane ("Insurance Coverage"). (i) Aircraft obligation insurance coverage covering all procedures of the Airplane, which protection will: (A) include a territory provision sufficient to cover all Airplane procedures permitted by this Arrangement, with restrictions of not much less than 2 Hundred Million US Dollars (United States $200,000,000) per event on a consolidated single restriction basis, covering claims for fatality, bodily injury and also residential or commercial property damages, (B) listing Owner and also Lessee as named insureds as well as checklist as added called insureds each of Lessee's and also Owner's affiliates and also their particular directors, policemans, supervisors, employees and agents as well as Gama Aeronautics, Inc.; (C) be recommended so that it is key as well as non-contributing to any kind of various other insurance policy that is available to any one of the insureds.

(iii) The Insurance coverage will include a recommendation supplying that insurance coverages under such Insurance Plans shall not be voided by any kind of act or negligence of anyone, consisting of one more guaranteed under the plans; given that there is neither authorization neither actual understanding by the insured celebration that such action would certainly void coverage under the plan as well as shall include a waiver of subrogation in support of Lessee and also its policemans, supervisors, supervisors, workers and also representatives as well as Gama Aeronautics.

All Insurance coverage shall give for a severability of interest/cross responsibility recommendation, so as to ensure that the insurance coverage will operate throughout as if a different plan has actually been provided covering each party guaranteed, although experts' total restriction of liability will certainly not enhance. (c) Quickly adhering to the implementation of this Arrangement and also each year after that, Lessor will offer Lessee with certificates of insurance policy and also recommendations showing the efficiency (as well as renewal, as suitable) of such Insurance coverage in compliance with the insurance policy needs specified in this Area 7.



Constraint of Responsibility. LESSOR UNDERSTANDS AND AGREES THAT THE INSURANCE PLAN ARE LESSOR'S SOLE TREATMENT AGAINST LESSEE FOR ANY AS WELL AS ALL LOSS OR DAMAGE TO THE AIRPLANE AND/OR INJURY OR FATALITY OF ANY GUEST AND/OR FOR ANY AS WELL AS ALL ASSERTS, PROBLEMS, LOSSES, EXPENDITURES AS WELL AS RESPONSIBILITIES INCLUDING, BUT NOT LIMITED TO, DIRECT OR INDIRECT LOSS OR DAMAGE TO THE AIRPLANE, DIMINUTION IN WORTH OF THE AIRCRAFT, LOSS OF REVENUE, REVENUES, PROFITS OR SERVICE OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL PROBLEMS ARISING OUT OF THIS ARRANGEMENT OR BY ANY MEANS GOT IN TOUCH WITH THE AIRCRAFT UNDER THIS AGREEMENT, WHETHER ON THE GROUND OR AIRBORNE, AND THE OTHER PURCHASES PONDERED HEREBY, UNLESS SUCH DECLARES, PROBLEMS, LOSSES, EXPENSES OR LIABILITIES 5 ARE SOLELY THE RESULT OF LESSEE'S GROSS NEGLECT OR WILLFUL MISBEHAVIOR OR LESSOR'S FAILURE TO MAINTAIN THE INSURANCE COVERAGE REQUIRED HEREUNDER.

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This Section 8 will make it through any discontinuation of this Arrangement. (a) Topic to Area 8, Lessee shall birth the danger of loss, damages or destruction of the Aircraft from the time of delivery till the Airplane is returned to Owner pursuant to this Agreement.



An Event of Loss with regard to any type of engine or APU will not, without loss of the airframe, be regarded an Occasion of Loss with regard to the Aircraft. This Agreement might be terminated: (i) promptly upon sites the mutual permission of all celebrations; (ii) by either celebration immediately upon the termination of Robert Pittman's employment with Lessee for any factor; (iii) by the non-breaching party if an Occasion of Default has occurred and the breaching event has not healed within the suitable treatment duration (if any type of) offered for in Section 14 of this Contract; (iv) instantly upon receipt by Owner of the Casualty Value complying with an Occasion of Loss; or (v) either party adhering to a resolution by an equally agreeable Dassault-authorized service facility that the Aircraft is harmed to the level that it is unlikely that it can be made operative within sixty (60) days.

11. Representations, Guarantees and Arrangements. Lessee and also Owner each represent, necessitate and also agree as complies with: (a) Due Company. It is properly arranged and validly existing under the legislations of the territory of its company and also will certainly continue to be properly arranged and also existing in excellent standing as well as is appropriately certified to do business anywhere needed to do its commitments under this Arrangement.

Title; No Liens; Quiet Enjoyment (Cessna Rental). (a) Title to the Airplane will stay vested in Lessor during the Term and the Airplane shall be registered at the FAA for Lessor. Lessee shall have no right, title or rate of interest in or to the Aircraft other than as expressly provided here as well as shall take no action or fall short to take any kind of action moderately asked for by Lessor that would harm the ongoing registration of the Airplane at the FAA in the name of Owner.

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An Event of Loss with respect to any kind of engine or APU shall not, without loss of the airframe, be regarded an Occasion of Loss relative to the Aircraft. 6 10. Discontinuation. This Arrangement may be ended: (i) when the common approval of all parties; (ii) by either event instantly upon the discontinuation of Robert Pittman's employment with Lessee for any type of reason; (iii) by the non-breaching celebration if an Occasion of Default has taken place and the breaching event has not cured within the appropriate cure period (if any type of) given for in Section 14 of this Agreement; (iv) immediately upon receipt by Owner of the Casualty Worth following an Event of Loss; or (v) either party complying with a decision by an equally acceptable Dassault-authorized service center that the Airplane is find more information damaged to the level that it is improbable that it can be made operative within sixty (60) days.


11. Representations, Guarantees and also Agreements. Lessee as well as Lessor each represent, call for as well as concur as complies with: (a) Due Organization. It is appropriately arranged important source and also validly existing under the legislations of the jurisdiction of its organization and also will certainly stay appropriately organized and existing in great standing and is duly qualified to do company any place needed to perform its commitments under this Arrangement.

Title; No Liens; Peaceful Enjoyment. (a) Title to the Aircraft shall remain vested in Lessor during the Term and also the Aircraft shall be signed up at the FAA in the name of Lessor. Lessee shall have no right, title or rate of interest in or to the Aircraft except as expressly provided herein and will take no action or fall short to take any type of action reasonably asked for by Owner that would certainly harm the ongoing enrollment of the Aircraft at the FAA in the name of Owner.

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