EMPLOYMENT AGREEMENTEmployment Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Arizona
This employment agreement (the “Agreement”) is entered into by and between Thomas P. Smith (“you” or “your”) and Set Jet, Inc., a Nevada corporation, (the “Company”). This Agreement is made as of [DATE] and has an effective date of the closing of the transactions contemplated by that certain Amended and Restated Merger Agreement, by and among Set Jet, Inc., a Nevada corporation, Revelstone Capital Acquisition Corp., a Delaware corporation (“Revelstone”), and certain other parties, dated as of August 16, 2023, as amended from time to time (the “Effective Date”).
RESTRICTED STOCK UNIT AGREEMENT UNDER THE SET JET, INC. 2022 STOCK INCENTIVE PLANRestricted Stock Unit Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Nevada
THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is entered into by and between Set Jet, Inc., a Nevada corporation (the “Company”), and the Grantee named above, as of the Grant Date noted above, pursuant to the Set Jet, Inc. 2022 Stock Incentive Plan (the “Plan”).
SECURITY AGREEMENTSecurity Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Arizona
THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of September 21, 2022, by and between SJ Fund, LLC (“Lender”), whose chief executive office is located at 15011 North 75th Street, Scottsdale, Arizona 85260 and Set Jet, Inc., a Nevada corporation (“Borrower” or the “Company”), whose address is 15011 North 75th Street, Scottsdale, Arizona 85260.
AMENDMENT AND EXTENSION OF PROMISSORY NOTE AND DEED OF TRUSTRevelstone Capital Acquisition Corp. • September 27th, 2023 • Air transportation, nonscheduled
THIS AMENDMENT AND EXTENSION OF PROMISSORY NOTE AND DEED OF TRUST (“Amendment”) is made and entered into this 20th day of April, 2022, by and between Set Jet, LLC, a Nevada limited liability company, with an address of 15011 North 75th Street, Scottsdale Arizona 85260 (the “Company” or ” Maker”) promises to pay to Barbara Levin Rothe, an Individual , with an address of 14343 North Frank Lloyd Wright Blvd, Unit 1008, Scottsdale, Arizona 85260 (“Holder”).
FORBEARANCE AGREEMENTForbearance Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled
THIS FORBEARANCE AGREEMENT (this “Agreement”) is made effective as of February 22, 2023, by and between Set Jet, Inc. (as successor to Set Jet, LLC), a Nevada corporation (“Set Jet”), and Blue Sky Services LLC, an Oregon limited liability company (“Agent”).
ContractRevelstone Capital Acquisition Corp. • September 27th, 2023 • Air transportation, nonscheduled • Arizona
THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.
NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE SET JET, INC. 2022 STOCK INCENTIVE PLANNon-Qualified Stock Option Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Nevada
THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) is entered into by and between Set Jet, Inc., a Nevada corporation (the “Company”), and the Optionee named above, as of the Grant Date noted above, pursuant to the Set Jet, Inc. 2022 Stock Incentive Plan (the “Plan”).
SET JET, INC. STOCKHOLDER AGREEMENTStockholder Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Nevada
This STOCKHOLDER AGREEMENT (the “Agreement”) is made and entered into as of May 17, 2022, by and among Thomas P. Smith (“Smith”), The III Trust (“III Trust”), Clear Air LLC (“Clear Air”), DJJ Trust (“DJJ Trust”), Theodore H Constantine (“THC”), Kingston Robert Constantine Trust (“KRC Trust’’), Jenson Joseph Constantine Trust (“JJC Trust”), and each other stockholder of the Company that executes this Agreement or a Joinder to this Agreement (the “Other Stockholders,” and sometimes together with Smith, III Trust, Clear Air, DJJ Trust, THC, KRC Trust and JCC Trust, the “Stockholders,” and each individually, a “Stockholder”) and Set J Inc., a Nevada corporation (the “Company”).
INCENTIVE STOCK OPTION AGREEMENT UNDER THE SET JET, INC. 2022 STOCK INCENTIVE PLANIncentive Stock Option Agreement • September 27th, 2023 • Revelstone Capital Acquisition Corp. • Air transportation, nonscheduled • Nevada
THIS INCENTIVE STOCK OPTION AGREEMENT (this “Agreement”) is entered into by and between Set Jet, Inc., a Nevada corporation (the “Company”), and the Optionee named above, as of the Grant Date noted above, pursuant to the Set Jet, Inc. 2022 Stock Incentive Plan (the “Plan”).
