CMG Capital Group 4141 NE 2 Ave #204-A, Miami, FL 33137 Tel: PROPOSAL LETTER Date: May 31, 2016 Lender: CMG Capital or its assigns (collectively, the investor" or "Investors") Borrower: Global Oil 604, Lit. Finance Amount: $2,250,000.00 (Two Million Two Hundred Fifty United States Dollars) Term Facility Amount: Two Million Two Hundred and Fifty Thousand United States Dollars (US$ 2,250,000.00) Type: Term Note (the "Note") Term: Twelve Months (12) Months from Closing (the "Maturity Date"). Interest Rate: Twelve Percent (12%) per annum payable in advance in cash on monthly basis. Three (3) months to be paid in advance with minimum six (6) month interest payment guarantee. Principal Amortization: N/A Collateral: Bombardier Inc., model CL-600.26-16 (Challenger 604) Serial Number 5408 and FAA Registration Mark N604SA Covenants: Lender shall finance Borrower the amount of Two Million Two Hundred and Fifty Thousand United States Dollars (US$ 2,250,000.00) in exchange for the aircraft title, aircraft thereafter to be leased back to Borrower. Fair market value of the Aircraft shall be and remain through the term of the Note no less than of the amount of the outstanding obligations under the Note as determined by Lender. Lender may, at Borrowers expense, conduct a third party appraisal of the Aircraft at any time; provided, that, so long as no event of default has occurred and is continuing under the Note, Borrower shall only be responsible to reimburse a single third-party appraisal per 12 month period. Events of Default: Standard events of default under Lease Documentation: Borrower shall provide all documentation reasonably requested by Lender/Lenders counsel for review, including, without limitation, evidence of due organization and capitalization, personal financial statement and personal guarantee. EFTA00592782