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Bristell Share Program

PLC BOOK
CHECKLIST 912iS SPORT SHORT WING
BRISTELL SHARES LANCASTER, PA.
BY-LAWS
PLC 2 PAGES
PLC 2 PAGES
WALK AWAY NOTE

All Bristell Shares flying club potential members become eligible to purchase a shares in one of our Bristell shares aircraft after they earn a Bristell challenge coin. To earn a coin the pilot must land within 400 feet of the desired touch down spot on a day with a minimum of 6 knots crosswind. The pilot must land on the main wheels and on the center line with no crab and track straight down the runway. The nose must be held slightly off the runway for 300 feet and then a go-around in initiated without letting the nose get too high. The pilot will accelerate to Vy of 67 knots while remaining in ground effect.

Walk Away Promissory Note rev:Aug 2016

$ 11,500.00 principal

FOR VALUE RECEIVED, _________________, promises to pay to Sport Flying USA, Inc., his heirs, successors and assigns, the principal sum of $11,500.00, shall be payable in 132 equal monthly installments of $115.00 each, beginning on _____________, and continuing on the 1st day of each and every month thereafter

All sums due hereunder shall be payable to Sport Flying USA, Inc. at the following address:

PO BOX 623
Remsenburg, NY, 11960

Or at such other place as Louis Mancuso his heirs, successors and assigns may specify in writing.

This Note is secured by a .115 share of stock in Sport Flying USA, Inc. which represents use of a Bristell N______ for up to 30 hours per year with three exclusive weeks use. This is a 1/16th share in the Bristell Share program.

In the event ______________, shall default in payment of any installment of principal when the same shall become due and payable hereunder and such default shall not be cured within thirty (30) days, then the holders of this Note may, at their option, take possession of the aircraft and the buyer shall forfeit all monies paid to date. In that event, _____________ shall not be liable for any portion of the unpaid note and can SIMPLY WALK AWAY with no obligation whatsoever.

This Note is non-negotiable.

Dated: ____________________

By: __________________________________

By: __________________________________

Louis Mancuso

Sport Flying USA, Inc.