6.1 Cooperation.

The Buyer shall use reasonable efforts to cause the sale contemplated by
this Agreement to be consummated, and to obtain the Consents, permits, and licenses that may be
necessary or reasonably required.

6.2 Financing. The Buyer shall obtain proper financing from the Bank for the purchase of
the Aircraft, and provide the Seller with a certified copy of the executed instrument on the Closing Date.

6.3 Unable to Obtain Financing. The Buyer shall permit the Seller

(a) to retain the Escrow Amount, in the event the Buyer is unable to obtain financing
from the Bank prior to the Closing Date; and

(b) the right to walk-away from the Agreement.

Article 7 — Conditions to the Seller’s Obligations to Close

The Seller is obligated to consummate the transactions that this Agreement contemplates only if
each of the following conditions has been satisfied or waived on or before the Closing Date.

7.1 Representations and Warranties. The Buyer’s representations and warranties must
have been true on the date that they were made and must be true as of the Closing Date with the same
force and effect as though made on and as of the Closing Date, except to the extent that this Agreement
contemplates changes.

7.2 Covenants. The Buyer must have performed each of the covenants to be performed by
her on or before the Closing Date.

7.3 Buyer’s Closing Certificate. The Seller must have received a certificate of the Buyer,
certifying to the truth of the statements in Sections 7.1 and 7.2.

7.4 No Litigation. No action, suit, proceeding, or investigation before any court or any
governmental or regulatory authority shall have been commenced and still be pending, or been threatened
against the Buyer

(a) seeking to restrain, prevent, change, or question the validity or legality of this
Agreement; or

(b) which if resolved adversely to such party would materially and adversely affect
the financial condition, property, assets, or prospects of any such Person.

7.5 Documentation. All matters and proceedings taken in connection with this Agreement,
including Buyer’s instrument for financing out, shall be reasonably satisfactory to Seller and to its
counsel. If the Buyer does not obtain proper financing on or before the Closing Date, the Seller shall
have the right to walk-away with the Escrow Amount.

7.6 Buyer’s Financing. The Buyer must obtain proper financing from the Bank prior to the
Closing Date.

Article 8 — Conditions to the Buyer’s Obligations to Close

The Buyer is obligated to consummate the transactions that this Agreement contemplates only if
each of the following conditions has been satisfied or waived on or before the Closing Date:
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