July 13, 2005
Xxxxxx Xxxxxxxx
Director
Global Aircraft Solutions
0000 X. Xxxx Xxxxxx
Xxxxxx, XX 00000
Dear Xx. Xxxxxxxx,
This letter is to confirm that the Loan Agreement dated May 5, 2005, among
Global Aircraft Solutions, Inc, Xxxxxxxx Aerospace Technologies, Inc., and World
Jet Corporation as borrowers, and *********Bank as lender, and that the
Promissory Note by Global Aircraft Solutions, Inc., Xxxxxxxx Aerospace
Technologies, Inc. and World Jet Corporation dated May 5, 2005, in favor of
************ Bank as Lender, both closed and became effective as of July 8,
2005.
Sincerely,
Senior Vice President