INDEX PAY PROCEEDS LETTER BANC OF AMERICA LEASING & CAPITAL, LLC One Financial Plaza Providence, Rhode Island 02903.2448 We, the undersigned, hereby authorize Banc of America Leasing & Capital, LLC ("BALC") to pay the following Payee(s) from the proceeds of financial accommodations provided to us by BALC as evidenced by that certain LOAN AND AIRCRAFT SECURITY AGREEMENT (S/N 681) dated as of August 31, 2011. Make disbursements directly to said Payee(s) as follows: PAYEE On the date hereof, remit to: Amount of Payment Insured Aircraft Title Services $26,100,000.00 International Bank of Commerce ABA: 114 902 528 Insured Aircraft Title Service, Inc. Acct. No: 0717213717 Re: s/n 681 Attn: Brenda Cobb TOTAL: $26,100.000 00 [SIGNATURE PAGE FOLLOWS] 133137730 1 EFTA01074165 This Pay Proceeds Letter by the undersigned to BALC is dated as of Alitzsat `31 2011. AVIONETA HOLDINGS LLC, a Customer ohn s J. : J n n Prea t and a Member RANCE ACQUISITIONS, LLC, as EAT, a Customer and Lessor By: TVPEAT, Inc. Its: Managing Member By: Name: Jeffrey Towers Tide: Vice President WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee, a Customer and Lessee By: Name: Scott Rosevear Title. Vice President Pay Proceeds Letter Signature Page EFTA01074166 This Pay Proceeds Letter by the undersigned to BALC is dated as of t14/ Art - 3.1 2011. AVIONETA HOLDINGS LLC, a Customer By: Name: John J Hannan Title: President and a Member RANCE ACQUISITIONS, LLC, as EAT, a Customer and Lessor By: TVPEAT, Inc. Its: Managing Member By: Name: Towers Title: resident WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee, a Customer and Lessee By: Name: Scott Rosevear Title: Vice President Pay Proceeds Letter Signature Page EFTA01074167 This Pay Proceeds Letter by the undersigned to BALC is dated as of AlArt 2011. AVIONETA HOLDINGS LLC, a Customer By: Name: John J. Hannan Title: President and a Member FIANCE ACQUISITIONS, LLC, as EAT, a Customer and Lessor By: TVPEAT, Inc. Its: Managing Member By: Name: Jeffrey Towers Title: Vice President WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCI not in its individual capacity, but solely as Owner rustee, a Customer and Lessee By: Name: Scott ear Title: Vice Pay Proceeds Letter Signature Page EFTA01074168