AGREEMENT This AGREEMENT made and entered into this 20th day of December, 2011 COMPANY: ABC Concepts, Inc ADDRESS: P.O. Box 12224 CITY: St. Thomas, USVI 00801 ON: PHONE: herein called "Contractor" PROJECT: Hangar Doors AGREEMENT NO. 01 COMPANY: Thomas World Air, LLC ADDRESS: 6100 Red Hook Qtrs B3 CITY: St. Thomas, USVI 00802 ATTN: Brice Gordon PHONE: herein called "Owner" CONTRACTOR AND OWNER hereby agree as follows: I. TFIE CONTRACT DOCUMENTS: The Contract Documents consist of this Agreement, and the Schedules attached hereto described below: SCHEDULE "A" SCHEDULE "B" SCHEDULE "C" SCOPE OF WORK / DOCUMENTS PRICE AND PAYMENT SCHEDULE 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: 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.