AIRCRAFT RENTAL AGREEMENT 2010

1. Renter must provide Exec 1 Aviation with a current copy of Medical Certificate, Airman Certificate and one picture form of ID including either state driver’s license, military ID or passport.

2. US Citizens must provide Exec 1 Aviation with either a US Passport or official birth certificate. Non US Citizens must work with Exec 1 Aviation to gain approval through TSA before beginning flight lessons.

3. An aircraft check out is required prior to renting Exec 1 Aviation airplanes including a 90 day recurrent check if no planes are rented during that time. Check out must be with an Exec 1 Aviation CFI. Length of check out determined and regulated by the CFI conducting the check ride.

4. Renter will return the aircraft at the scheduled time, weather permitting.

5. If renter is forced to leave aircraft elsewhere due to weather or some other circumstance that is not at renter’s convenience; renter will arrange the return of the aircraft to the Ankeny Regional Airport as soon as conditions permit. If renter fails to return the aircraft in a timely manner during weather, conducive to returning the aircraft, the renter agrees to compensate Exec 1 Aviation for all expenses incurred in retrieving the aircraft. (not applicable to mechanical problems or FAA airspace regulations)

6. Renter will notify Exec 1 Aviation at their expense in the event of any delays, deviations, maintenance problems or any other unexpected circumstances for notification, advice, and approval as needed.

7. Renter will use the aircraft for their own personal purposes only. Renter will not fly others at their own expense or conduct flight instruction in Exec 1 Aviation aircraft.

8. There is a .5 Hobbs hour minimum rental, weather and maintenance permitting.

9. Renter will comply with all Federal and State air rules and regulations.

10. Renter will thoroughly preflight the aircraft before each and every flight.

11. Renter will plan all cross-country flights to avoid hazardous situations (weather, airspace restrictions, etc.)

12. Renter will file a FAA flight plan for all cross-country flights in excess of 100 nautical miles.

13. Renter will not land on any turf strips unless accompanied by an Exec 1 Aviation CFI.

14. Renter agrees to pay the insurance deductible of $5000 for loss or damage to the aircraft due to renter’s negligence. Renter has the option of procuring Aircraft Renters Insurance and providing Exec 1 Aviation with proof of insurance with coverage limits acceptable to Exec 1 Aviation.

15. If the destination area is forecasting severe storms and/or hail, renters agree, at his/her expense, to hangar or otherwise protect the aircraft whenever possible.

16. For rental periods exceeding 12 hours renter will be billed a minimum flight time of 3 hours per day after the first 24 hours have lapsed. Each 24 hour period thereafter will count as an additional day.

17. If an off-site fuel purchase is legally required for your destination or return to Ankeny, Exec 1 Aviation will reimburse the renter up to the current price of Exec 1 Aviation fuel. We require a dated receipt showing aircraft registration number, number gallons, cost per gallon, and applicable taxes. Exec 1 Aviation requests that you purchase only the required amount of fuel at other airports to allow better control of grade and quality of fuel burned in the aircraft. Ramp, parking, and landing fees are at renter’s expense.

18. DO NOT SET THE PARKING BRAKE. There is a $100 fee for planes not tied down or chocked (tie down is required for after hours returns) and without the control lock installed upon return.

RENTAL WEATHER MINIMUMS

Maximum Surface Wind Velocities (unless the aircraft has a lower maximum demonstrated crosswind component.)

Student Pilots (solo)- need instructor sign off and less than 8 knots crosswind component, 15 knots total wind, more than 5 mile visibility, and 3,000 ft. ceiling.

Private Pilots- crosswind less than 10 knots and total wind less than 20 knots

Commercial/ATP Pilots-30 knots (within 45 degrees of available runway heading.)

CROSS COUNTRY WEATHER MINIMUMS

Pilots with less than 200 hours total time-

VFR Day ceiling 2000’ visibility 5 nm

VFR Night ceiling 3000’ visibility 10 nm

Pilots with 200 or more hours Total Time or not current in instrument rating-

VFR Day ceiling 1000’ visibility 3 nm

VFR Night ceiling 3000’ visibility 10 nm

Current instrument rated pilots with less than 50 hours of actual weather time-

Ceiling 400’ above and 1 mile visibility greater than your lowest minimum for the particular flight; based on wind/runway, available radios, available approaches, etc.

NOTE: These are planning minimums, if weather has deteriorated upon arrival minimums are as published.

Current instrument rated pilots with more than 50 hours actual weather time-

VFR and IFR in accordance with the current FAR’s.

Deviations to this policy may be approved on a case-by-case basis. See the Chief Pilot or FBO manager for questions

or approval.

PAYMENT OPTIONS

Exec 1 Aviation accepts cash, checks, and credit cards. Exec 1 Aviation requires immediate payment upon each aircraft rental, instruction, ground school and other purchases, if there is not a credit on the account or credit card on file. If there is a credit card on file and a balance on the account, Exec 1 Aviation reserves the right to charge the credit card at the time agreed or after 30 days from the date of the transaction. Account holder will be responsible for all collection costs and charges necessary for the collection of any amount not paid when due.

COMPANY POLICY REQUIRES A CREDIT CARD ON FILE OR AN ADVANCED CASH DEPOSIT OF $1500 TO SECURE INSURANCE MINIMUMS.

RENTER ACCOUNT INFORMATION

NAME _____________________________________ STUDENT or RENTER

ADDRESS_______________________________________________________

CITY_________________________STATE__________ ZIP______________

PHONE HOME_________________ MOBILE_________________ WORK________________

EMAIL ADDRESS__________________________________

SOCIAL SECURITY NUMBER_____________________________

CREDIT CARD_____________________________________EXP______________(REQUIRED)

PHOTO ID __ DRIVERS LICENSE __________________________ STATE _______________

__MILITARY ID __________________________(ONE PHOTO ID REQUIRED)

__PASSPORT_________________________________ COUNTRY____________

__BIRTH CERTIFICATE_________________________ STATE_______________

PAYMENT TERMS

__ I AGREE TO PAY ON CASH UPON EACH CHARGE

__I WILL MAKE AN ADVANCE DEPOSIT OF $1,500 (required with no credit card on file)

__BILL EACH INVOICE TO MY CREDIT CARD

__BILL MONTHLY TO MY CREDIT CARD AND MAIL RECEIPTS

__I WILL BE PAYING WITH A LOAN

_________________________________ _______________________

Signature Date

INSURANCE DEDUCTIBLE

I have provided Exec1 Aviation with proof of Renter’s Insurance Coverage with property & liability limits acceptable to Exec 1 Aviation. Proof of insurance is on file and I agree to notify Exec1 Aviation of any change or termination of this insurance prior to renting any aircraft subject to said change or termination. In the event Renter’s Insurance is not in effect, or not enforceable for any reason, renter agrees to pay the insurance deductible of $5000 for loss or damage to the aircraft due to renter’s negligence. Aircraft renter’s insurance can be obtained on line at the website for the “Aircraft Owners & Pilot’s Association”. Refer to website www.aopa.org for additional information.

RENTER ACKNOWLEDGES ALL POLICIES AND TERMS LISTED IN THE RENTAL AGREEMENT

__________________________________ _____________________

Signature Date