SUMMARY OF ORDINANCE NO. 52-852 On December 9, 2025, the governing body of the City of Wichita, Kansas passed an ordinance entitled: AN ORDINANCE AUTHORIZING THE CITY OF WICHITA, KANSAS TO ISSUE ITS TAXABLE INDUSTRIAL REVENUE BONDS, SERIES VI, 2025 (AIR CAPITAL FLIGHT LINE BUILDING 167N PROJECT) FOR THE PURPOSE OF PAYING THE COSTS OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A WIDE BODY HANGAR, MANUFACTURING, AIRCRAFT MODIFICATIONS AND REPAIR FACILITY; AND AUTHORIZING OTHER DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH. The Ordinance authorizes the Issuer to issue its Taxable Industrial Revenue Bonds, Series VI, 2025 (Air Capital Flight Line Building 167N Project) in the aggregate principal amount of $12,000,000 (the "Series VI, 2025 Bonds"), for the purpose of paying the costs of the acquisition, construction and equipping of a wide body hangar, manufacturing, aircraft modifications and repair facility (the "Project"), as more fully described in the Indenture, the Site Lease and the Project Lease authorized by the Ordinance. The Project will be leased by the Issuer to Air Capital Flight Line, LLC, a Kansas limited liability company. In connection with the issuance of the Series VI, 2025 Bonds, the Issuer approves a ten-year exemption from ad valorem property taxes for the Project, subject to payments in lieu of taxes. A complete text of the Ordinance may be obtained or viewed free of charge at the office of the City Clerk, 13th Floor, City Hall, 455 North Main, Wichita, Kansas 67202-1679. A reproduction of the Ordinance is available for not less than 7 days following the publication date of this Summary at https://www.wichita.gov/CityClerk/Pages/Ordinances.aspx. This Summary is hereby certified to be legally accurate and sufficient pursuant to the laws of the State of Kansas. DATED: December 12, 2025 Jennifer Magaña, Director of Law and City Attorney IPL0297478 Dec 12 2025