AGREEMENT AND GENERAL RELEASE This is to confirm and constitute the agreement reached by and among George Reenstra ("Reenstra"), Aircraft Services Group, Inc. ("ASG"), Jeffrey Epstein ("Epstein") and Freedom Air International, Inc. ("FAI"), with respect to the resolution of all matters relating to remuneration (the "Remuneration Matters") received by, and paid and payable to, Reenstra, ASG, and/or any affiliates thereof the "ASG Parties") in connection with the acquisition and subsequent sale by FAI (f/k/a Air Ghislaine, Inc. and Shmitka Air, Inc.) of the Subject Aircraft (as hereinafter defined). For purposes of this agreement the "Subject Aircraft" shall mean that certain Sikorsky S-76 C++ Helicopter, Serial No. 760667 ("667"), that certain Sikorsky S-76 C++ Helicopter, Serial No. 760750 ("750"), and that Sikorsky S-76C+ Helicopter, Serial No. 760472 ("742"). With respect to the Remuneration Matters, Reenstra, ASG, Epstein and FAI have agreed as follows: 1. Upon the execution and delivery of this Agreement by all of the parties hereto, in full and final payment of all amounts due and payable from FAI to the ASG Parties in connection with FAI's acquisition and subsequent sale of 742, FAI shall pay ASG and Reenstra the sum of $90,319 by wire transfer of said amount to the account of their affiliate, BAK Opportunities, LLC, in accordance with the following wire transfer instructions: Bank: Chase Bank 555 North Franklin Turnpike Ramsey, NJ 07446 ABA No.: 021000021 Account Name: BAK Opportunities LLC Account Number: 856500855 2. Reenstra and ASG acknowledge and agree that Reenstra, ASG and/or the affiliates thereof (hereinafter referred to the "ASG Parties") have received payment of the following remuneration in connection with the acquisition and subsequent sale of the Subject Aircraft by FAI (including when FAI was formerly known as Air Ghislaine, Inc. and Shmitka Air, Inc.): Acqusition by FAI of S-76C++, Serial No. 760667 $250,00