Freedom Air International, Inc. EIN:13-4109791 c/o George V. Delson Associates 885 2™ Avenue New York New York 10017 ELECTION TO TERMINATE S CORPORATION TAX YEAR 1. Freedom Air International, Inc. (the “Corporation”), is an S corporation, and during this year, a shareholder’s entire interest in the corporation has been terminated. Freedom Air International, Inc. hereby elects under Code §1377(a)(2) and Reg. §1-1377- 1(b) to treat the 2011 taxable year as if it consisted of two separate taxable years. 2. The election applies with respect to the termination by the then sole shareholder of the Corporation, Ghislaine Maxwell (the “Shareholder’), of her interests in the Corporation. The Shareholder’s interests in the Corporation ended on July 21, 2011, when the Shareholder sold all of her shares of stock in the Corporation to FSF, LLC, a single member LLC, which is an eligible S corporation shareholder. 3 Each affected shareholder and the Corporation consents to the terminating election. Under penalties of perjury, I declare that I have examined the statements made herein and, to the best of my knowledge and belief, the same are true, correct and complete. (Signature) (Date) Jeffery E. Epstein President EFTA00287084