AIRCRAFT TIME SHARING AGREEMENT
THIS AIRCRAFT TIME SHARING AGREEMENT is made and entered into this day of March 30, 2000, by
and between STEELCASE INC., a corporation organized and existing under the laws of the State of Michigan
("TIMESHAROR"), and James P. Hackett, an individual of Grand Rapids, Michigan, Individually
WHEREAS, TIMESHAROR is the owner and operator of one FALCON 2000 aircraft bearing Federal
Aviation Administration (FAA) Registration No. N375SC and Manufacturer's Serial No. 023 (herein referred to
as the "Aircraft"); and
WHEREAS, TIMESHAREE desires use of the Aircraft; and
WHEREAS, TIMESHAROR desires to make the Aircraft available to TIMESHAREE for the above operations
on a time sharing basis in accordance with (S) 91.501 of the Federal Aviation Regulations ("FARs").
NOW THEREFORE, in consideration of the mutual covenants herein set forth, the parties agree as follows:
1. Provision of Aircraft. TIMESHAROR agrees to provide the Aircraft to TIMESHAREE on a time sharing
basis in accordance with the provisions of Sections 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the FARs for
the period commencing upon execution of this Agreement and terminating on March 31, 2001 unless earlier
terminated pursuant to Paragraph 15 below or by mutual agreement of the parties.
2. Reimbursement of Expenses. For each flight conducted under this Agreement, TIMESHAREE shall pay
TIMESHAROR the sum of the expenses of operating such flight to the extent prescribed by FAR 91.501(d) i.e.
the sum of the expenses set forth in subparagraphs (a)-(j) below:
(a) fuel, oil, lubricants and other additives;
(b) travel expenses of the crew, including food, lodging and ground transportation;
(c) hangar and tie-down costs away from the Aircraft's base of operation;
(d) insurance obtained for the specific flight;
(e) landing fees, airport taxes and similar assessments;
(f) customs, foreign permit and similar fees directly related to the flight;