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Insurance policy - Cessna Rental. (a) During the Term, Owner will create to be given as well as kept in full force and also result, at Lessee's sole price as well as expenditure, a policy or policies of insurance policy giving the coverage defined in this Area 7 covering all operations of the Aircraft ("Insurance Coverage"). (i) Aircraft liability insurance covering all operations of the Aircraft, which coverage will: (A) consist of a territory stipulation adequate to cover all Aircraft operations permitted by this Arrangement, with limitations of not much less than 2 Hundred Million US Dollars (US $200,000,000) per occurrence on a consolidated solitary limit basis, covering insurance claims for death, physical injury and also home damages, (B) listing Owner as well as Lessee as named insureds and also listing as added named insureds each of Lessee's and Owner's affiliates and also their corresponding directors, police officers, managers, employees as well as agents as well as Gama Aviation, Inc.; (C) be supported to ensure that it is main and non-contributing to any type of other insurance policy that is readily available to any one of the insureds.

(iii) The Insurance plan shall contain an endorsement providing that protections under such Insurance plan shall not be voided by any type of act or negligence of anybody, consisting of another guaranteed under the policies; offered that there is neither permission neither real understanding by the insured party that such activity would void insurance coverage under the policy as well as shall consist of a waiver of subrogation for Lessee and also its officers, supervisors, supervisors, workers as well as agents and also Gama Air travel.

All Insurance plan will attend to a severability of interest/cross obligation recommendation, so as to make sure that the insurance policy shall operate in all aspects as if a separate plan has been issued covering each event insured, although underwriters' general limit of liability will not raise. (c) Promptly complying with the implementation of this Agreement and also each year afterwards, Lessor will supply Lessee with certificates of insurance coverage as well as endorsements confirming the effectiveness (and renewal, as applicable) of such Insurance coverage Policies in conformity with the insurance policy requirements specified in this Area 7.



Restriction of Responsibility. OWNER UNDERSTANDS AND ALSO CONCURS THAT THE INSURANCE COVERAGE POLICIES ARE LESSOR'S SOLE SOLUTION AGAINST LESSEE FOR ANY AS WELL AS ALL LOSS OR DAMAGES TO THE AIRPLANE AND/OR INJURY OR FATALITY OF ANY TRAVELER 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 VALUE OF THE AIRPLANE, LOSS OF REVENUE, REVENUES, EARNINGS OR ORGANIZATION OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL PROBLEMS ARISING OUT OF THIS CONTRACT OR BY ANY MEANS GOT IN TOUCH WITH THE AIRCRAFT UNDER THIS ARRANGEMENT, WHETHER ON THE GROUND OR AIRBORNE, AND THE OTHER TRANSACTIONS CONTEMPLATED HEREBY, UNLESS SUCH DECLARES, DAMAGES, LOSSES, COSTS OR OBLIGATIONS 5 ARE SOLELY THE RESULT OF LESSEE'S GROSS NEGLECT OR WILLFUL MISCONDUCT OR OWNER'S FAILING TO KEEP THE INSURANCE PLAN REQUIRED HEREUNDER.

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This Area 8 shall survive any type of discontinuation of this Agreement. 9. Risk of Loss; Loss or Damage. (a) Based On Section 8, Lessee shall birth the threat of loss, damages or devastation of the Airplane from the moment of shipment until the Aircraft is returned to Lessor according to this Arrangement.



An Event of Loss relative to any type of engine or APU shall not, without loss of the airframe, be deemed an Occasion of Loss relative to the Aircraft (Cessna Rental). 6 10. Discontinuation. This Agreement might be terminated: (i) quickly upon the mutual permission of all events; (ii) by either party promptly upon the discontinuation of Robert Pittman's employment with Lessee for any type of factor; (iii) by the non-breaching event if an Occasion of Default has actually happened as well as the breaching celebration has actually not cured within the relevant treatment duration (if any type of) offered in Area 14 of this Contract; (iv) automatically he said upon receipt by Lessor of the Casualty Value complying with an Occasion of Loss; or (v) either event complying with a resolution by an equally reasonable Dassault-authorized service center that the Aircraft is harmed to the degree that it is unlikely that it can be made operative within sixty (60) days.

Representations, Guarantees and Contracts. It is appropriately arranged and validly existing under the laws of the jurisdiction of its organization and will continue to be properly arranged as well as existing in excellent standing and is appropriately qualified to do service any place essential to do its responsibilities under this Agreement.

Title; No Liens; Peaceful Satisfaction (Cessna Rental). (a) Title to the Aircraft will stay vested in Owner during the Term and the Aircraft will be signed up at the FAA for Owner. Lessee will have no right, title or rate of interest in or to the Aircraft other than as expressly given here and also will take no activity or fall short to take any action reasonably requested by Lessor that would certainly hinder the continued enrollment of the Aircraft at the FAA in the name of Lessor.

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An Event of Loss with regard to any engine or APU shall not, without loss of the airframe, be deemed an Occasion of Check Out Your URL Loss relative to the Airplane. 6 10. Termination. This Contract might be ended: (i) promptly upon the shared permission of all events; (ii) by either event promptly upon the termination of Robert Pittman's employment with Lessee for any type of factor; (iii) by the non-breaching party if an Occasion of Default has occurred as well as the breaching party has not healed within the appropriate remedy duration (if any Extra resources kind of) attended to in Section 14 of this Arrangement; (iv) automatically upon receipt by Lessor of the Casualty Value following an Event of Loss; or (v) either event complying with a decision by an equally acceptable Dassault-authorized service center that the Airplane is harmed to the degree that it is unlikely that it can be made operative within sixty (60) days.


Depictions, Guarantees and also Contracts. It is duly arranged as well as validly existing under the regulations of the jurisdiction of its organization as well as will continue to be duly arranged and existing in great standing and also is properly qualified to do business wherever necessary to do its commitments under this Agreement.

Title; No Liens; Quiet Pleasure. (a) Title to the Aircraft shall remain vested in Lessor throughout the Term and the Aircraft will be signed up at the FAA for Owner. Lessee shall have no right, title or passion in or to the Aircraft other than as expressly provided herein and will take no activity or fall short to take any type of action fairly asked for by Lessor that would certainly harm the ongoing registration of the Aircraft at the FAA for Lessor.

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