Business Type: Expansion County: Clark County Development Authority Representative: Morgan Bunker - LVGEA. $5 MM $5 MM Yes NA Period

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1 Board Summary Maverick Aviation Group 1620 Jet Stream Drive, Henderson, NV Date: November 19, 2015 Main Location: Carson City, NV Jessica Zoanni, Controller Aircraft Sightseeing Tours (Part 135) Business Type: Expansion County: Clark County Development Authority Representative: Morgan Bunker - LVGEA APPLICATION HIGHLIGHTS - Maverick Aviation Group is applying for the 20-year Aviation Sales Tax and Personal Property Tax abatements. - Meets the Tier I statutory requirement for job creation, and the Tier II requirement. - Existing 293 employees at an average hourly wage of $28.32 prior to expansion plans. - Estimated 126 new employees over the 20-year abatement period (only 9 required). - Estimated $7,128,901 capital investment over the 20-year period (not required, for economic modeling only) - Estimated $190,507,446 annual aviation parts purchases over the 20-year period (not required, for economic modeling only) PROFILE Maverick Helicopters started in December of 1995 by Greg and Brenda Rochna who had a vision to provide a true VIP-level helicopter experience not previously available in the Las Vegas helicopter industry. Maverick currently has a total of 47 helicopters in their fleet. This fleet is comprised of 30 Airbus EC130 Helicopters, as well as six fixed wing aircraft, all departing from their Southern Nevada terminals will mark the celebration of their 20th anniversary in business and over that time they have successfully and safely given millions the chance to fly in a helicopter over the Las Vegas Strip or to the Grand Canyon. Source: Maverick Aviation Group SIGNIFICANCE OF ABATEMENTS IN THE COMPANY'S DECISION TO RELOCATE/EXPAND The significance of this abatement to the Maverick Aviation Group entities are savings to be realized in costs associated with their operations. Maverick will be able to hire more employees, increase wages to the employees providing them with better life opportunities, improve the already good health care benefits for those employees and invest more in capital improvements (better and larger facilities) creating more jobs. Maverick will further acquire additional capital items increasing the number of job opportunities. Source: Maverick Aviation Group REQUIREMENTS (TIER I) Statutory Application Sufficient % Over / Under Job Creation (12 months) 9 16 Yes 78% Average Wage $20.89 $21.20 Yes 1% REQUIREMENTS (TIER II) Statutory Application Sufficient % Over / Under Maintain & Possess Tangible Pers. Property over Abatement $5 MM $5 MM Yes NA Period INVESTMENTS (NOT REQUIRED) Description Application Equipment 20 yr (est) $7,128,901 Aviation Parts 20 yr (est) $190,507,446 Aircraft 20 yr (est) $1,944,000 INCENTIVES Requested Terms Estimated $ Amount Sales Tax Abmt. (Equip. & Parts) Abated to 2% for 20 yrs. $12,246,135 Pers. Prop. Tax Abmt. (Eqp & Craft) 50% for 20 yrs. $318,751 Total $12,564,886 JOB CREATION Contracted 12-Month Projection 5-Year Projection 10-Year Projection OTHER CAPITAL INVESTMENT Land Building Purchase BTS / Bldg Imprv. (20 Yr) $0 $0 $1,200,000 ECONOMIC IMPACT ESTIMATES (20-Year Cumulative) Total Construction Total Jobs Supported Total Payroll Supported $117,176,706 $623,775 Total Output Estimate $266,481,037 $1,688,123 Estimate includes jobs, payroll & output by the company assisted as well as the secondary impacts to other local businesses. NEW TAX REVENUE ESTIMATES (20-Year Cumulative) Direct Indirect Total Local Taxes Property $1,719,038 $2,774,147 $4,493,185 Sales $47,580 $2,176,319 $2,223,899 Lodging $0 $55,703 $55,703 State Taxes Property $101,253 $166,363 $267,616 Sales $4,030,726 $726,495 $4,757,221 Modified Business $1,100,221 $410,356 $1,510,577 Commerce NA NA NA Lodging $0 $13,927 $13,927 Total $6,998,818 $6,323,310 $13,322,128 COST-BENEFIT ASSESSMENT Economic Impact per Abated Dollar New Total Tax per Abated Dollar $21 $1.06 EMPLOYEE BENEFITS - Percentage of health insurance covered by company: 65%. - Health care package cost per employee - $4,116 annually with options for dependents. - Overtime, PTO/Sick/Vacation, Bonus, Retirement Plan, Merit Increases, Commissions.

2 NOTES - The company average hourly wage exceeds the statewide hourly average wage of $20.89.

8 Aviation Tax Abatement Incentive Application Company Name: Maverick Aviation Group Date of Application: October 5, 2015 Company is an / a: (check one) New location in Nevada Expansion of a Nevada company Section 1 - Type of Incentives Please check all that the company is applying for on this application: Aviation Sales & Use Tax Abatement: abated to 2% up to 20 years (aircraft excluded) Aviation Personal Property Tax Abatement (Equip): 50% for 20 years Aviation Personal Property Tax Abatement (Aircraft): 50% for 20 years Section 2 - Corporate Information COMPANY NAME (Legal name under which business will be transacted in Nevada) Maverick Aviation Group CORPORATE ADDRESS 1620 Jet Stream Drive MAILING ADDRESS TO RECEIVE DOCUMENTS (If different from above) CITY / TOWN Henderson Other: FEDERAL TAX ID # See Document attached STATE / PROVINCE ZIP NV CITY / TOWN STATE / PROVINCE ZIP TELEPHONE NUMBER COMPANY CONTACT NAME Jessica Zoanni ADDRESS jzoanni@flymaverick.com WEBSITE COMPANY CONTACT TITLE Controller PREFERRED PHONE NUMBER Has your company ever applied and been approved for incentives available by the Governor's Office of Economic Development? If Yes, list the program awarded, date of approval, and status of the accounts (attach separate sheet if necessary): Yes No Section 3 - Job Creation Requirement Please check the applicable category the company intends to qualify under with this application: New business: Create 5 or more full-time employees within 1 year after approval Existing business: Increase the number of full-time employees by 3% or 3, whichever is greater, within 1 year after approval Section 4 - Program Elective Requirement Please check one of the boxes below; the company must meet at least one elective requirement: New capital investment of at least $250,000 in Nevada within 1 year after receiving certificate of eligibility Maintain and possess in Nevada tangible personal property having a value of not less than $5,000,000 during the abatement period Average hourly wage for employees of the business shall be at or above the average statewide hourly wage The business develops, refines or owns a patent or other intellectual property, or has been issued a FAA certificate (14 CFR Part 21) Section 5 - Program Restrictions Section 6 - Nevada Facility Type of Facility (Check all that apply): Headquarters Aviation Maintenance Air Tour Operators Business with Private Aircraft NEVADA REGISTERED COMMON CARRIAGE OPERATIONS DO NOT QUALIFY FOR THIS TAX ABATEMENT UNLESS THE BUSINESS IS REGULATED UNDER 14 C.F.R. PART 125 or 135 Aircraft Manufacturing (Non-UAS) Unmanned Aerial System Testing Unmanned Aerial System Manufacturing Other: EXPECTED DATE OF NEW OPERATION (MONTH/YEAR) NAICS CODE / SIC 487 DESCRIPTION OF COMPANY'S NEVADA OPERATIONS Aircraft Sightseeing Tours EXPECTED DATE OF EXPANDED OPERATION (MONTH / YEAR) 2015/2016 INDUSTRY TYPE Aircraft Sightseeing Tours (Part 135) PROPOSED / ACTUAL NEVADA FACILITY ADDRESS CITY / TOWN COUNTY ZIP 1620 Jet Stream Drive Henderson Clark County WHAT OTHER STATES / REGIONS / CITIES ARE BEING CONSIDERED FOR YOUR COMPANY'S RELOCATION / EXPANSION / STARTUP? Arizona, Hawaii 1

9 Section 7 - Complete Forms (see additional tabs at the bottom of this sheet for each form listed below ) Check the applicable box when form has been completed. 7 (A) Real Estate and Construction 7 (E) Employment Schedule 7 (B) Capital Equipment List 7 (F) 7 (C) 7 (D) Aviation Parts List Aircraft Procurement List Section 8 - Employment (Fill in either New Operations/Startup or Expansion, not both ) OTHER COMPENSATION (Check all that apply): Overtime PTO / Sick / Vacation New Operations / Start Up How many full-time equivalent (FTE*) employees will be created by the end of the first fourth quarter of new operations?: Average hourly wage of these new employees: Evaluation of Health Plan Expansions How many full-time equivalent (FTE*) employees will be created by the end of the first fourth quarter of expanded operations?: 16 Average hourly wage of these new employees: $21.20 How many FTE employees prior to expansion?: Average hourly wage of these existing employees: Total number of employees after expansion: * FTE means a person who is in a permanent position of employment, works and average of 30 hours per week, and is eligible for company-sponsored health benefits. Merit Increase Tuition assistance Bonus COLA adjustments Retirement Plan / Profit Sharing / 401(k) Other: Commissions 293 $ BRIEF DESCRIPTION OF ADDITIONAL COMPENSATION PROGRAMS AND ELIGIBILITY REQUIREMENTS (Attach a separate sheet if necessary): Section 9 - Employee Health Insurance Benefit Program Is health insurance for employees and an option for dependents offered?: Yes (copy of benefit plan must be attached) No Package includes (check all that apply): Medical Vision Dental Other: Life Insurance,STD,LTD, Cancer, Critical Illness, and Accidental Qualified after (check one): Upon employment Three months after hire date Six months after hire date Other: 1st of the month following 60 days Health Insurance Costs: Percentage of health insurance coverage by: Cost of health insurance for company (annual amount per employee): $ 4, Company: 65% Health Plan annual out-of-pocket maximum (individual): $ 6, Employee: 35% [SIGNATURE PAGE FOLLOWS] 2

11 Employment List, Detailed The Office has determined the detailed employment list as described in this application constitutes confidential proprietary information of Maverick Aviation Group, and is not a public record.

12 Capital Equipment List, Detailed The Office has determined the detailed capital equipment list as described in this application constitutes confidential proprietary information of Maverick Aviation Group, and is not a public record.

13 Future Aircraft Procurement List, Detailed The Office has determined the detailed future aircraft procurement list as described in this application constitutes confidential proprietary information of Maverick Aviation Group, and is not a public record.

14 Site Selection Factors Company Name: Maverick Aviation Group County: Clark County Section 1 - Site Selection Ratings Directions: Please rate the select factors by importance to the company's business (1 = very low; 5 = very high). Attach this form to the Incentives Application. Availability of qualified workforce: 4 Transportation infrastructure: 4 Labor costs: 4 Transportation costs: 4 Real estate availability: 4 State and local tax structure: 5 Real estate costs: 4 State and local incentives: 4 Utility infrastructure: 4 Business permitting & regulatory structure: 5 Utility costs: 4 Access to higher education resources: 3 OTHER FACTORS & RATINGS: Total costs are considered as well as deals or opportunities 5

15 7(A) Real Estate & Construction Company Name: Maverick Aviation Group County: Clark County Section 1 - Real Estate & Constructions Projections Directions: please provide a 20 year projection of the real estate costs for current year (year-1) and future land and building procurement, as well as, current and future annual lease amounts and possible construction costs due to building improvements. Complete [columns (a) and (f)]. These estimates are used for state economic impact and net tax revenue analysis that this agency is required to report. The company will not be required to reach these estimated levels of real estate costs. Attach this form to the Incentives Application. (a) (b) (c) (d) (e) (f) Year Land Cost Construction Building Annual Lease Cost Purchase Amount Building SqFt Year-1 $1,200, $631, Year-2 $650, Year-3 $669, Year-4 $690, Year-5 $710, Year-6 $732, Year-7 $754, Year-8 $776, Year-9 $799, Year-10 $823, Year-11 $848, Year-12 $874, Year-13 $900, Year-14 $927, Year-15 $955, Year-16 $983, Year-17 $1,013, Year-18 $1,043, Year-19 $1,075, Year-20 $1,107,

16 7(C) Aviation Parts List Company Name: Maverick Aviation Group County: Clark County Section 1 - Aviation Parts Purchase and Sale Projections Directions: please provide a 20 year projection of the aviation parts the company anticipates purchasing and selling, [columns (b) and (c)]. If there is a year where the company does not plan to purchase/sell aviation parts, please leave as $0 amount. These estimates are used for state economic impact and net tax revenue analysis that this agency is required to report. The company will not be required to reach these estimated levels of aviation parts procurement/sales. Attach this form to the Incentives Application. Note: If the company does not anticipate purchasing or selling aviation parts, please leave this page blank. (a) (b) Year Projected Dollar Amount of Purchases Projected Dollar Amount of Sales Total Amount Year-1 $7,089, Year-2 $7,302, Year-3 $7,521, Year-4 $7,747, Year-5 $7,979, Year-6 $8,219, Year-7 $8,465, Year-8 $8,719, Year-9 $8,981, Year-10 $9,250, Year-11 $9,528, Year-12 $9,814, Year-13 $10,108, Year-14 $10,411, Year-15 $10,724, Year-16 $11,045, Year-17 $11,377, Year-18 $11,718, Year-19 $12,070, Year-20 $12,432, (c ) (d) $7,089, $7,302, $7,521, $7,747, $7,979, $8,219, $8,465, $8,719, $8,981, $9,250, $9,528, $9,814, $10,108, $10,411, $10,724, $11,045, $11,377, $11,718, $12,070, $12,432, Total $190,507,

17 (a) (b) (c) (d) Aircraft/Description # of Aircraft Current Market Value Total Cost Airplane/ Cessna N619M 1 $1,492, $1,492, Airplane/ N272MA 1 $1,635, $1,635, Airplane/N567MA 1 $554, $554, Airplane N690MA 1 $1,475, $1,475, Airplane N886MA 1 $562, $562, Airplane N701MA 1 $1,611, $1,611, Helicopter N805MH 1 $400, $400, Helicopter N806MH 1 $400, $400, Helicopter N807MH 1 $414, $414, Helicopter N808MH 1 $413, $413, Helicopter N809MH 1 $413, $413, Helicopter N810MH 1 $413, $413, Helicopter N812MH 1 $413, $412, Helicopter N813MH 1 $412, $412, Helicopter N814MH 1 $641, $641, Helicopter N815MH 1 $668, $668, Helicopter N816MH 1 $110, $110, Helicopter N817MH 1 $228, $228, Helicopter N818MH 1 $228, $228, Helicopter N821MH 1 $244, $244, Helicopter N822MH 1 $277, $277, Helicopter N823MH 1 $293, $293, Helicopter N824MH 1 $335, $335, Helicopter N846MH 1 $383, $383, Helicopter N847MH 1 $443, $443, Helicopter N848MH 1 $443, $443, Helicopter N849MH 1 $460, $460, Helicopter N850MH 1 $460, $460, Helicopter N851MH 1 $495, $495, Helicopter N852MH 1 $512, $512, Helicopter N853MH 1 $563, $563, Helicopter N854MH 1 $529, $529, Helicopter N856MH 1 $550, $550, Helicopter N857MH 1 $567, $567, Helicopter N858MH 1 $600, $600, Helicopter N862MH 1 $617, $617, Helicopter N863MH 1 $662, $662, Helicopter N864MH 1 $802, $802, Helicopter N867MH 1 $942, $942, Helicopter N8685MH 1 $961, $961, Helicopter N872MH 1 $2,028, $2,028, Helicopter N873MH 1 $2,160, $2,160, Helicopter N875MH 1 $2,182, $2,182, Helicopter N876MH 1 $2,331, $2,331, Helicopter N877MH 1 $2,378, $2,378, Helicopter N878MH 1 $2,450, $2,450, Helicopter N879MH 1 $2,592, $2,592,901.11

18 Helicopter N880MH Helicopter N881MH Helicopter N882MH Helicopter N884MH Helicopter N885MH 1 $2,640, $2,640, $2,664, $2,664, $2,688, $2,688, $2,983, $2,983, $3,013, $53,757, $3,013, $53,757,308.53

Business Type: Expansion County: Clark County Development Authority Representative: Morgan Bunker - LVGEA

Business Type: Expansion County: Clark County Development Authority Representative: Morgan Bunker - LVGEA Board Summary Steelman Aviation, Inc. 3330 W Desert Inn Rd, Las Vegas, NV 89102 Date: November 19, 2015 Main Location: Carson City, NV Rick Williams, Director of Operations Aviation Business Type: Expansion