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Re: whathen post# 26899

Friday, 10/24/2014 5:35:46 PM

Friday, October 24, 2014 5:35:46 PM

Post# of 105598
If certification ever comes, their agreement not sale will expire, making 1,220,356,515 shares, as of 12/31/13, free trading.

10.16 - Contract affirmed by Board resolution affirming Agreements between the Company and its officers agreeing not to sell the shares issued to them until the Company receives FAA Certification and commence its revenue flights. Incorporated by reference to Exhibit 10.16 to Baltia Air Lines Inc.'s report on Form 10-K for the year ended December 31, 2012.

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