Exhibit 99.3
Termination of Aircraft Dry Lease Arrangements
March 31, 2009
Ms. Mary Ignell
Ryan Enterprises, LLC
150 North Michigan Avenue
Chicago, IL 60601
Re: |
| Termination of Aircraft Dry Lease Arrangements between Aon Corporation and each of 17AN Leasing, LLC and Globe Leasing, Inc. |
Ladies and Gentlemen:
Reference is hereby made to: (i) that certain Aircraft Dry Lease made effective as of December 19, 2003 (the “17AN Dry Lease”), by and between 17AN Leasing, LLC (“17AN”) and Aon Corporation (“Aon”); and (ii) that certain Aircraft Dry Lease made effective as of December 19, 2007 (the “Globe Dry Lease”), by and between Globe Leasing, Inc. (“Globe”) and Aon.
Each of Aon and 17AN wish to terminate the 17AN Dry Lease, and each of Aon and Globe wish to terminate the Globe Dry Lease. With respect to the 17AN Dry Lease, each of 17AN and Aon hereby agree that the 17AN Dry Lease and all obligations thereunder are terminated effective as of March 31, 2009. With respect to the Globe Dry Lease, each of Globe and Aon hereby agree that the Globe Dry Lease and all obligations thereunder are terminated effective as of March 31, 2009.
| Very truly yours, | |
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| AON CORPORATION | |
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| By: | /s/ Richard E. Barry |
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| Name: Richard E. Barry |
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| Title: Vice President |
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| 17AN LEASING, LLC | |
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| By: | /s/ Mary Ignell |
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| Name: Mary Ignell |
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| Title: Secretary |
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| GLOBE LEASING, INC. | |
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| By: | /s/ Mary Ignell |
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| Name: Mary Ignell |
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| Title: Vice President |