death, shall pass to and be assumed by Purchaser upon the filing of the FAA Bill of Sale with the FAA and delivery of the Aircraft to Purchaser in accordance with the provisions of this Agreement. Upon delivery of the Aircraft in accordance with the provisions of this Agreement, Purchaser shal! assume and, effective as of the completion of the Closing, hereby assumes, al) responsibility in connection with the Aircraft and all risks incident to ownership, maintenance, repair, use and modification thereof. 12, Other Matters. (a) Except as otherwise provided herein, neither party hereto may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other party. Notwithstanding anything to the contrary provided in this Section 12, Purchaser may assign this Agreement or any rights or obligations hereunder to any affiliate of Purchaser without the prior written consent of Seller, provided that the assignee shall assume all liabilities hereunder. Notwithstanding anything to the contrary provided in this Section 12, both parties hereto shall be entitled to assign this Agreement (without the consent of the other party hereto) to a third party but solely for the purpose of qualifying this transaction as part of a like-kind exchange under Section 1031 of the Internal Revenue Code of 1986, as amended and Revenue Procedure 2000-37. Such assignment to a third party, however, shal] not release the assigning party from its obligations to perform hereunder. The non-assigning party agrees to cooperate with the assigning party to effect such transaction with no additional costs to the non-assigning party. (6) —_ Each party hereto agrees to execute and deliver such additional documents and take such further actions as may be reasonably requested by the other party to fully effectuate and carry out the purposes of this Agreement. (c) The provisions of this Agreement which by their terms are to be performed and observed after the Closing, and the several representations, warranties and agreements of the parties herein contained, shal! survive the Closing. (d) This Agreement sets forth the entire understanding of the parties hereto and supersedes any and all prior agreements, arrangements and understandings relating to the subject matter hereof. No representation, promise, inducement or statement of intention has been made by ither party which is not embodied in this Agreement, and neither party shall be bound by, or be liable for, any alleged representation, promise. inducement, or statement of intention not embadi herein. (e) This Agreement may be executed in one or more counterparts, and all such counterparts shall constitute one and the same instrument. EFTA00285809

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EFTA00285810

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EFTA00285811

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EFTA00285812

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IN WITNESS WHEREOF, the parties to this Aircraft Purchase Agreement have caused it to be executed by their duly authorized representatives BOVALE DEVE) OPMENTS, INC., TRUSTEE SR RO, ee Title: _ a ___ Secretary BOVALF DEVELOPMENTS. TRUSTOR By: 2ateceg p Moe FE Name: Mewa2. Bore Tile =p weet. BDowwsr Dewy, Ponds: HYPERION AIR, INC By; 7 — Name: _ Title; INSURED AIRCRAFT TITLE SERVICE, INC., hereby acknowledges receipt of the Deposit in the amount of $100,000.00 USD and an executed copy of this Aircraft Purchase Agreement, and agrees to hold and dispose of the Deposit and, if received by it, the Purchase Price Balance and to perform the other duties specified in the various provisions of this Agreement in accordance with said provisions, including without limitation the provisions of Sections |.1, 5 and 6 hereof. Dated this day of February, 2012 INSURED AIRCRAFT TITLE SERVICE, INC. | Name: Joan Roberts Title: Vice President 14 EFTA00285813

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EXHIBIT A Serial Number: Registration: Manufacturer Date: 2001 Total Time Airframe; 1,660 brs Equipment * Retractable Undercarriage * Pilot and Co-pilot Brakes * Dual Controls * Air Conditioning * VIP Step R/H passenger side * Particle Separator * Bleed Air Environmental Control System * Cockpit Boost Fan for ECS * Dual Flight Controls * Retractable Wheel Gear * Co-Pilot Whee! Brakes * Shadin Fuel Flow Indicators on IIDS * 48 Gal. Auxiliary Fuel Tank * Heated Glass Windshield * Ice/Refreshment Drawers * Wool Carpet * Custom cockpit storage * Quiet Zone Interior * Engine Plugs and Covers + Forward recognition lights with pulse * Whelen Strobe Light System with end lights on horizontal stabilizer * LED Lower Anti-Collision light * Devore tail rotor floodlight system * Dual Pane Windows * Thermal/Acoustic Insulation System for soundproofing cabin ¢ Cabin door activated overhead dome lights Exterior / Interior Flag blue exterior with Gold accent stripes. Cream leather upholstery in a 5 seat configuration with cabinet bar (Edwards & Associates intenor} EFTA00285814

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E 1 A- Avionics + Avionics Master Switch * Gold Crown Wiring Harness * Dual AFCS w/Flight Director ¢ Four Tube EFIS + Dual King Gold Crown KTR-908 * Dual Nav KNR-634 * DME KDM-706 « Garmin GNS 500 « ADF KDF 806 * Transponder MS1T-67A + PS Engineering PAC 24 Audio Panel * RDR 2000 Weather Radar * Radar Altimeter * ELT- 406 mhz + Standby Attitude Ind. 3” * Honeywell KTA870 TAS System * Bose Headsets nes Two Allison 250-C40B engines EFTA00285815

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DPD. y Lede / SovPk 2 Yk Moy "1Tiew}\ EFTA00285816

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EXHIBI PELIVERY RECEIPT Bell 440 helicopte EFTA00285817

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EFTA00285818

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Ireland.com Mail Pe N90IRL Bovale Developments inc Subject N90IRL Bovale Developments inc To Michael Bailey Courter £55.00 Sal £950.00 Late payment charges t 0 2/12 £385.90 Dissolution £300.00 Delaware Agents Fee & State la £262.00 Annual Fee 2011 £1.605.00 Paid on account Annual Fee 2012 £1.450.00 f 376.3 Ttps 1 eland.co. zimb h/message? &so=V&sc=2 9G&st \&st=messa 21/02/2012 EFTA00285819