Purchase Agreement Assignment Relating to Aircraft Participation Agreements

Summary

This agreement documents the assignment of purchase and participation rights for several aircraft, identified by tail numbers, between the original owner participants and new assignees. The agreement outlines the transfer of interests in the aircraft from parties such as Silvermine River Finance One, Inc., Aircraft Services Corporation, and Castle Harbour-I Limited-Liability Company, with specific closing dates for each transaction. The terms are substantially identical to a previously filed Purchase Agreement Assignment, except for the details of the aircraft and parties involved.

EX-10.7 8 ex10-7_59444.txt PURCHASE AGREEMENT Exhibit 10.7 The Purchase Agreement Assignment is incorporated by reference from the Company's Form 10K filed with the Commission for the period ending December 31, 2000. The four additional Participation Agreement Assignments are substantially identical in all material respects to the filed Purchase Agreement Assignment except as follows: - -------------------------------------------------------------------------------- Aircraft (Tail No.) Closing Date Owner Participant - -------------------------------------------------------------------------------- N362ML* October 19, 2000 Silvermine River Finance One, Inc. - -------------------------------------------------------------------------------- N363ML November 29, 2000 Aircraft Services Corporation - -------------------------------------------------------------------------------- N364ML January 30, 2001 Aircraft Services Corporation - -------------------------------------------------------------------------------- N365ML March 19, 2001 Aircraft Services Corporation - -------------------------------------------------------------------------------- N366ML April 19, 2001 Castle Harbour-I Limited-Liability Company - -------------------------------------------------------------------------------- - ------------- * Filed document