AGREEMENT This AGREEMENT made and entered into this 20" day of December, 2011 COMPANY: ABC Concepts, Inc COMPANY: Thomas World Air, LLC ADDRESS: P.O. Box 12224 ADDRESS: 6100 Red Hook Qtrs B3 CITY: St. Thomas, USVI 00801 CITY: St. Thomas, USVI 00802 ATTN: ili j ATTN: Brice PHONE: PHONE: herein called "Contractor" herein called "Owner" PROJECT: Hangar Doors AGREEMENT NO. 01 CONTRACTOR AND OWNER hereby agree as follows: 1. THE CONTRACT DOCUMENTS: The Contract Documents consist of this Agreement, and the Schedules attached hereto described below: SCHEDULE "A" SCOPE OF WORK / DOCUMENTS SCHEDULE "B" PRICE AND PAYMENT SCHEDULE SCHEDULE "C" INVOICING INSTRUCTIONS AND LEGAL NOTICES All of the foregoing form the Contract Documents and all are incorporated by reference herein, whether or not physically attached hereto: provided that in the event of any inconsistency or conflict between any Schedule and the provision of this Agreement, then the provision of this Agreement shall control. 2. INSURANCE REQUIREMENTS: The Contractor shall secure, prior to commencement of performance under this Agreement, and shall maintain at all times during the period or periods of its obligations under this Agreement, at its expense and in companies approved by Owner, the following insurance coverage, on an occurrence basis, all of which shall be non-cancelable and not subject to change in coverage except upon not less than thirty (30) days written notice to Owner at the address indicated above: (a) Workers' Compensation with Statutory limits of liability; (b) Standard USVI full coverage Comprehensive Automobile Liability, including Owned, Non- Owned, and Hired Automobiles; (c) Other (Builder's Risk, Performance and Payment Bonds, Etc.). Specify here: n/a Insurance certificates evidencing such insurance coverage shall be furnished to Owner prior to commencement of performance under this Agreement and shall name Owner as an additional insured thereunder. pate: /~ Sl inrriaLy, DATE: ; /4 J: > INITIAL: y EFTA00287215

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3. CHANGES AND CLARIFICATIONS: Without invalidating this Agreement, Owner, or its duly authorized representatives, may at any time, by written order to Contractor, make changes in the Drawings and Specifications. Owner may, by reason of such changes, add to or reduce the Work without invalidating this Agreement. Contractor shall furnish Owner with an itemized estimate for any revision in the Work which may be requested and shall receive written authorization from Owner before proceeding with any changes in the Work. Contractor shall, during the course of the Work, notify Owner or Owner's representative, in writing, of any problem or clarification which he believes needs immediate review and resolution which is not adequately covered by the Contract Documents, There shall be no resolution of any such problem or clarification which is unfavorable to the owner, unless the Owner has specifically consented in a signed writing to such resolution or clarification. 4. WARRANTIES: The Contractor shall, at the request of and in a manner acceptable to Owner, correct any and all defects in design, workmanship or materials in the Work which appear within a period of one (1) year from the date of final acceptance by Owner. } ASSIGNMENT OF CONTRACT: Contractor shall not assign this Agreement or any portion thereof without first obtaining the written consent of Owner, which shall be in Owner's sole discretion. Any assignment without Owner's written consent shall be void and of no force and effect. 6. INDEMNIFICATION AND HOLD HARMLESS: Contractor shall indemnify Owner, and the Architects and Engineers of Owner, the US Virgin Islands Port Authority, and their agents and employees, and each of them, against and save and hold them harmless from all liability, claims, allegations, demands, damages, and costs of every kind and nature, including without limitation attorneys' fees and costs of suit, arising directly or indirectly from the Work, except to the extent that such liability, claims, allegations, demands, damages, and costs are a direct result of the negligence of, or a breach of this Agreement by, Owner or its architects, engineers, employees or authorized agents. % BREACH OF AGREEMENT: If, in the opinion of Owner, Contractor fails to perform the Work in accordance with this Agreement, or inadequately performs, all or any part of the Work, or otherwise fails to perform or comply with Contractor's duties and obligations hereunder, and such failure shall continue for twenty-four (24) consecutive hours after written notice to Contractor specifying the particulars of such failure, then such failure including, without limitation the continuance thereof shall, at Owner's election, made at any time after such twenty-four (24) consecutive hour period, constitute an irreparable breach of this Agreement by Contractor and shall entitle Owner to terminate this Agreement and complete the Work itself or cause the Work to be completed by others, and Contractor shall immediately on demand of Owner pay all costs and damages sustained by Owner on account of such failure, and any and all material and equipment of Contractor on the Project site or in Contractor's place of business may, at the sole option of Owner, be used or rejected, and if rejected, such rejection shall be without any liability to Owner, its agents or employees, 8. CANCELLATION OF AGREEMENT: Owner shall have the right to cancel this Agreement at any time prior to the completion of the Work upon giving three (3) days written notice to Contractor. Should Owner so elect to cancel, and Contractor is not in breach hereunder, Owner shall promptly pay Contractor a prorated portion of the Contract Price based on percentage completed, but in no case shall the total of all payments made to Contractor under this Agreement exceed the Contract Price set out in Schedule "B". Contractor agrees to refund to the Owner that portion of any deposits previously paid by the Owner to the Contractor, if such deposits exceed the percentage completed. 9. DOCUMENTS REQUIRED FOR LIEN FREE PERFORMANCE OF WORK: Payment for the work shall be made to Contractor in accordance with Schedule "B", When any monies are payable to Contractor hereunder, Contractor shall deliver to Owner a statement (sworn or attested to ), showing, in detail and as complete as required by Owner, all work done by Contractor and averring that all claims, obligations and liabilities created or incurred in the performance of doing thereof, to the date hereof, have been paid. Contractor shall furnish in support of such application, (a) a release or waiver of liens in a form specified by Owner, signed by each workman and materialman who have performed work upon or provided pate: 1° S02 wera: /X pate: »/ wiz INITIAL: £ EFTA00287216

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materials for the Work up to the billing closing date, and/or (b) an approval or acceptance of such work by any governmental and/or quasi-governmental entities or agencies having jurisdiction over such work. IN WITNESS WHEREOF: The parties hereto have executed this Agreement, for themselves, and their permitted assigns, on the date set forth below. CONTRACTOR: ABC Concepts, Inc OWNER: Thomas World Air, LLC NAME; Jeanne Brennan TITLE: Manage- DATE: d yfia pate:/7 §-l2— INITIAL: WK DATE: | J; > INITIAL: Via EFTA00287217

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LEA OPE OF Wi Hangar Doors * Supply all labor, materials, tools and equipment necessary to complete the scope (herein defined as the “Work”) as per complete plans and specification by Paul Ferreras, PE dated 04 November 201 1, and ABC Concepts, Inc quote (in three letters) dated 14 December 2011 (attached). Included within this scope of work shall be the following: © 1) All concrete cutting, patching, and placement of specified grout on rail connection details © 2) All temporary support, brace work, shoring, and scaffolding necessary to accommodate, facilitate, perform and install new door and building modifications © 3) Provide temporary building closure/weather protection for open conditions. © 4) Contact the project superintendent Tom Melnick at 340-244-8564 to obtain prior written signed approval before any additional work is done that is not in the Agreement or drawings. ¢ All required Insurance certificates to be provided before starting work or receiving payment. Government Insurance Automobile liability * Acceptable documentation as to the legal work status of all workers to be provided prior to beginning work. ¢ Virgin Islands Port Authority Badges will be required for workers: Owner and Contractor will cooperate in obtaining necessary Badges * General construction clean up of the work area is the responsibility of ABC Concepts, Inc. ABC Concepts, Inc shall keep the work premises and surrounding area free from accumulation of trash and debris related to the Work. Provide all clean up to Owner supplied dumpster. ¢ Owner will provide the following: Power, lighting, toilet facilities DATE: /~ F7e ww: G7 DATE: /4 /; . INITIAL: y EFTA00287218

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ULE B P. PAYME TOTAL PRICE OF THIS CONTRACT IS: $25,600.00 SEE ATTACHED SCHEDULE OF VALUES. 50% Material Deposit required, balance due upon determination by Owner of ‘satisfactory completion. Applicable Gross Receipts Taxes to be paid by ABC Concepts Inc. SCHEDULE Time limits stated herein are of the essence of the contract. Work to be substantially completed within one (1) month of the date of commencement (see attached schedule) Date of Commencement is the date 50% Material Deposit is received. Work to be coordinated and scheduled with Tom Melnick, Site Superintendent (340-244-8564) DATE: /- J- fe INITIAL: Wh DATE: / / y /; 2 INITIAL: f- EFTA00287219

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HEDULE INV! STRUCT! OTIC! FILING AND INVOICING: All invoices should be serially numbered. If your invoice form is not so numbered, type or print in an upper corner INVOICE NUMBER ____." Assign a different number to each separate invoice. Assign separate invoices for separate phases of work, and separate invoices for options or extras, Prepare all invoices in duplicate. Send the original and one copy to Owner's office for approval. All invoices shall indicate the project name, unit description, total item price, amount and percentage of total item price you are invoicing on this invoice, and the address to which payment is to be sent. Lien releases (Provided by owner) must be dated on the date of the invoice or later. Lien waiver must be executed prior to release of payment. As a condition precedent to final payment or the payment of retention to be made to Contractor by Owner, Contractor must submit (a) two (2) copies of As-Built-Drawings and/or Instruction/Warranty Manuals to Owner, (b) written approvals or acceptances of such project by any governmental or quasi-governmental entities or agencies having jurisdiction over the project, and (c) properly executed lien release covering all subcontractors, suppliers, laborers, and other persons or entities who performed work or services on, or who furnished materials for, the project under your contract. Mail or deliver invoices and releases to: Thomas World Air, LLC 6100 Red Hook Qtrs B3 St. Thomas, USVI 00802 LEGAL NOTICES: For the purpose of protecting Preliminary Lien Rights, Preliminary Lien Notices should be mailed to all of the following: OWNER: Thomas World Air, LLC 6100 Red Hook Qtrs B3 St. Thomas, USVI 00802 DATE: / ~ i] 2 nimian: WX DATE: 1/4 h Shas nema EFTA00287220

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PO Box 12224 7 ABC CONCEPTS, INC. October, , 2081 LSJ, LLC Attn: Thomas J. Melnick American Yacht Harbor 6100 Red Hook Quarter, Suite B3 St Thomas, U.S. Virgin Islands To Whom It May Concern: ‘This is to confirm our modified quote from 7 5” to 12’as stated at our meeting on the site. The increase of 180 additional square fee would increase our quote by One Thousand Eight Hundred Dollars ($ 1,800.00). Combined with our previous quote of Twenty-Three Thousand Eight Hundred Dollars ($23,800.00) the new revised price is Twenty-Five Thousand Six Hundred Dollars ($25,600.00) Quote valid for thirty (30) days unless extended in writing, /2//<//// ©“ If you have any questions and/or concerns, please feel free to contact us at (340) 690.2636. A William Koenii President EFTA00287221

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ABC CONCEPTS, INC. Soto ax , / Yi f/ BL October ry 20 ll LSJ, LLC Attn: Thomas J. Melnick American Yacht Harbor 6100 Red Hook Quarter, Suite B3 St Thomas, U.S. Virgin Islands Re: Hanger Door Modification To Whom It May Concern: Per our meeting 12/13/2011, the following items were discussed and tentatively agreed upon subject to review: 1, ABC Concepts, Inc. (ABC) to submit proposed schedule (see attached) 2. LSG will inquire if badges are required by Virgin Islands Port Authority (VIPA) (may impact schedule) also note 85% of the work could be performed 3. LSG will have dumpster on site and coordinate LSG crew work 4, Work is to conform to drawings by Paul Ferreras, PE and submitted to VIPA who has approved modification and to our knowledge no further permits are required. If you have any questions and/or concerns, please feel free to contact us at (340) (Lx. 1°" President EFTA00287222

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PO Box 12224 BY Bot ABC CONCEPTS, INC, : “ax Cell December 14, 2011 LSJ, LLC Attn: Thomas J. Melnick American Yacht Harbor 6100 Red Hook Quarter, Suite B3 St Thomas, U.S. Virgin Islands Re: Tentative Schedule Subject to manufacturers holiday schedule ‘To Whom It May Concer: Receipt of Deposit Allow2—3 weeks <- Overland shipping Being mindful of holiday traffic Allow 1 week Received at Tropical Miami, Florida Arrive in St. Thomas Allow up to 3 days for LT'L Commence demolition work Fabricate modified door Erect Spot prime Ifyou have any questions and/or concems, please feel five to contact us at (340) 690.2636. EFTA00287223

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Deo 21 2011 10:34AM ABC CONCEPTS, INC. Sth ABC COF THE GOVERNMENT OF THE VIRGIN ISLANDS DEPARTMENT OF LICENSING AND CONSUMER AFFAIRS PROFESSIONAL LICENSE KNOW ALL BY THIS PRESENT || That, in accordance with the applicable ibions Of Fide: ‘Cha ¢ 16and Title 27 V1.C, relating to the licensing of businesses and occupations:‘and ayvint ..mede with the provisions of 10 | V.LC. Sec. 41 relating to the Civil Right : 5) the followiitk license is hereby Msi} As provided by law, the authorized. lice diithpri { byte the power to revoke or suspend any rs er>-noll a , Heoring, License issucd hereunder, upon fittdiipy ayers that such revocation or su jon is in the public interest; provide: igérieved by any such decision of this office shall be entitled to a review of the same Court upon appeal made within (30) days from the date of the decision; provided, furjher, that all decisions of this office hereunder shall be final except upon specific findings by the Court that the|same was arrived at by fraud or illegal means, If a renewal is desired, the holder is responsible for makin, ogpeaten for same without any notice from this office. It is the responsibility of the Licensee to notify Department in writing within (30) days, when a license is to be cancelled or placed in inactive status. Failure to do so will result in the assessment of penalties as authorized by lew. Valtd from 01/01/2011 wnt 01/39/2012 Printed on ow16/2011 lesued at St. Thomas,V.1. 01/01/2011 . Feo 260.00 : Commissianee, Department.of Licensing and Consumer Affalrs THIS LICENSE MUST BE PROMINENTLY DISPLAYED AT PLACE OF BUSINESS EFTA00287224

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gi" s | ¥ The Guardian Building — GUardian | P0.Box 9109 a INSURANCE | St. Thomas, U.S. Virgin Islands 00801 Serve : | Telepho: Fucsimi A MEMBER OF THE LOCKHART GROUP OF COMPANIES | Business Auto Policy Declaratio: Renewal No.: Policy No EE pas. lof2 ITEM ONE ABC CONCEPTS, INC Name and 8744 LINBERG BAY Address of ST THOMAS VI 00802 Insured Form of Named Insured’s Business: © Corporation; 0 Partnership; 0 Individual; O Other: | Type of Insured’s Business | ITEM TWO ~ SCHEDULE OF COVERAGES AND COVERED AUTOS This policy provides only those coverages where a charge is shown in the premium column below. Each of these coverages will apply only to those autos shown as covered autos. Autos are shown as covered aytos for a particular coverage by the entry of one or more of the symbols from ITEM THREE next to the name of the coverage. COVERED AUTOS (Entry of one of more LIMIT COVERAGES fen abt bon E MOST WE WILL PAY FOR ANY ONE which autos are ACCIDENT OR LOSS LIABILITY INSURANCE LIABILITY INSURANCE AUTO MEDICAL PAYMENTS INSURANCE UNINSURED MOTORISTS INSURANCE COMPREHENSIVE COVERAGE SPECIFIED PERILS COVERAGE COLLISION COVERAGE TOWING AND LABOR FORMS AND ENDORSEMENTS CONTAINED IN THIS POLICY AT ITS INCEPTION PREMIUM FOR ENDORSEMENTS CA0001, GIC3, GIC18, GIC21, GIC30, PP03260886 ’ | ESTIMATED TOTAL PREMIUM. $2,216.00 ITEM THREE -~ Refer to reverse side for description of covered auto desighation symbols | through 9, Enter symbol 10 description here: ! | Countersigned: December 27 2011 By | Authorized Signature bs. THIS DECLARATION PAGE WITH PERSONAL AUTO POLICY PROVISIONS OR POLICY JACKET/AND PERSONAL AUTO POLICY FORM TOGETHER WITH ENDORSIMENTS, IF ANY. ISSUED TO FORM A PART THEREOF, COMPLETES THE ABOVE NUMBERD POLICY. } Imatthews/Imatthews EFTA00287226

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INSURANCE St. Thomas, U.S. Virgin Islands 00801 “Guardian. nortan . 7 Telephone (340) 776-8050 Facsimile (340) 774-8830 A MEMBER OF THE LOCKHART GROUP OF COMPANIES ITEM FOUR ~ SCHEDULE OF COVERED AUTOS YOU OWN PAGE 2 OF 2 | Avro YEAR / MAKE / MODEL a COST Cost NEW |__| 2008 TOYOTATHIGHLANDER | JTEES43A2820 rs ee |_2 | 20077 FORDTRANGER | NTZRASE37PAB9787_— | | 3 [20077 FORD 7 RANGER] IFTYRLOU97PA89783 | 4 | 20077 FORD T RANGER} IFTYRIOU77PAD4459 | |S | 20037 FORDTRANGER #4409 J |__6 | 19997 FORD 7Fas0 SUPER DUTY | | se {| COVERAGE PREMIUMS, LIMITS AN DEDUCTIBLES Coverage is provided where a premium and a mit are shown for the coverage. |__ A Tiability i” —s i f H i i Ban ia ci if Hs Ti Except for towing, all physical damage loss is payab EFTA00287227

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