March 13, 2012

Operator Participant Agreement

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All payments are payable and/or deposited to a charter escrow account at Valley National Bank, 1455 Valley Road, 3rd Floor, Wayne, New Jersey 07470, Direct Air’s depository bank. Your payments are protected by a surety bond issued by Platte River Insurance Company of Wisconsin (the “Securer”). Unless you file a claim with Direct Air, of if DA is unavailable, with the Securer, within 60 days of completion of the charter (or, in the case of cancellation, the intended date of your scheduled return Charter), the Securer will be released from all liability to you under the security agreement. If there is no return flight in your itinerary, completion means the date or intended date of departure of the last flight in your itinerary. All transactions between the Customer and Direct Air shall be solely in United States Dollars; Direct Air is not responsible for any fluctuations in foreign currency exchange rates.

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