Danaher 2011 Annual Report Download - page 215

Exhibit 10.25
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This Management Agreement (this “Agreement”) is entered into as of February 23, 2012, by and between Joust Capital III, LLC (“Owner”), a Delaware
limited liability company whose address is c/o FJ900, Inc., 23411 Autopilot Drive, Suite 217, Dulles, Virginia 20166, and FJ900, Inc. (“Manager”), a
Delaware corporation whose address is 23411 Autopilot Drive, Suite 217, Dulles, Virginia 20166.
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, Owner owns the aircraft described on Schedule A attached hereto (the “Aircraft”);
, Owner desires Manager to provide aircraft management, pilot services, maintenance and other aviation services (the “Services”) to Owner
to allow Owner to conduct operations pursuant to Federal Aviation Regulations (“FAR”) Part 91 under Owner’s operational control pursuant to the terms and
conditions of this Agreement;
, Joust Capital, LLC, a Maryland limited liability company (“Joust One”), Owner and Manager originally entered into a Management
Agreement dated as of July 22, 2011 (the “Original Agreement”) with respect to the Aircraft and another aircraft owned by Joust One, and Joust One, Owner
and Manager have terminated the Original Agreement as of the date hereof; and
, Owner and Manager desire to have this Agreement supersede and replace the Original Agreement.
, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
1. . Owner hereby engages Manager, and Manager agrees, to provide aviation support services for the operation of the Aircraft at the
direction of Owner, subject to the terms and conditions of this Agreement.
2. . As compensation for the services to be provided by Manager pursuant to this Agreement, Owner agrees to pay or cause to be paid to
Manager the amounts described in Section 5 hereof and all other amounts payable by Owner to Manager pursuant to the terms hereof.
3. . On behalf of Owner, Manager shall, in accordance with all applicable FAR and federal, state, foreign and local statutes,
regulations, ordinances, rules and orders and consistent with all applicable manuals, related guidance material and insurance safety requirements, employ,
train, supervise, and provide to Owner for its use on and in connection
Source: DANAHER CORP /DE/, 10-K, February 24, 2012 Powered by Morningstar® Document Research℠
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