INDEX CONSENT TO LEASE, AIRCRAFT IMPROVEMENT MANAGEMENT AGREEMENT AND AIRCRAFT OPERATING AGREEMENT THIS CONSENT TO LEASE, AIRCRAFT IMPROVEMENT MANAGEMENT AGREEMENT AND AIRCRAFT OPERATING AGREEMENT (this "Consent') is being entered into as of August 31, 2011, by and among RANCE ACQUISITIONS, LLC, acting as an exchange accommodation titleholder (hereinafter referred to as the 'EAT"), WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee ("Owner Trustee') AVIONETA HOLDINGS LLC, a Delaware limited liability company ("Avioneta". and together with EAT and Owner Trustee, the 'Customers" and each individually, a "Customer") and BANC OF AMERICA LEASING & CAPITAL, LLC (tender) RECITALS A. Lender and Customers entered into, among other things, a certain Loan and Aircraft Security Agreement (S/N 681) dated as of August 31, 2011 (as amended. amended and restated, modified and/or supplemented from time to time, the "Loan Agreement"), a copy of which is attached hereto as Exhibit A. Pursuant to the Loan Agreement, the Customers granted to Lender a security interest in and to, among other things, a certain Gulfstream Aerospace G-V aircraft bearing manufacturer's serial number 681 and United States Nationality and Registration Number N624N (as described in the Loan Agreement, the "Aircraft"). Capitalized terms not defined in this Consent are defined in the Loan Agreement. B. In connection with the financing provided by Lender under the Loan Agreement, EAT acquired the Aircraft, as an "exchange accommodation titleholder as defined by the regulations and revenue procedures promulgated under Section 1031 of the Internal Revenue Code of 1986, as amended, in order to effect a like-kind exchange within the meaning of said Section 1031 (the "Like-Kind Exchange"). C. In connection with the Like-Kind Exchange, (i) EAT, as lessor ("Lessors) and Owner Trustee, as lessee ("Lessee') are entering into an Aircraf