AIRCRAFT PURCHASE AGREEMENT
EXHIBIT F
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LIZ
DELIVERY RECEIPT
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
24
SDNY_GM_02765627
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EF1'A_00252435
EFTA01334599
DELI VERN' RECEIPT
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
Pursuant to provisions of that certain Aircraft Purchase Agreement dated April , 2021 (the
"Agreement") by and between HYPERION AIR. LLC, a U.S. Virgin Islands limited liability
company ("Seller"), and INDUSTRIAL INTEGRITY SOLUTIONS, LLC, a New Mexico limited
liability company ("Purchaser"), Purchaser hereby acknowledges the delivery and acceptance of one
used 2008 Keystone (Sikorsky) model S-76C--+ helicopter, bearing manufacturer's serial number
760750. and currently registered with the United States Federal Aviation Administration (the "FAA")
as N722JE, together with said aircraft's two (2) Turbomeca S.A. model Arriel 2S2 engines bearing
Manufacturer's Serial Nos. 42285TE and 42286TEC, and with all avionics, equipment systems,
furnishings and accessories installed on. contained in or attached to said aircraft and engines, all as is
more particularly described on Exhibit A. and also including all airframe, engine and accessory
logbooks, flight and operation manuals, maintenance and overhaul records, and all other records and
paperwork relating to the above-described aircraft and engines in Seller's possession (collectively, the
"Aircraft").
Purchaser accepts the Aircraft at p.m., on , 2021 in an "As
Is. Where Is" condition and "With all Faults" at , Florida and
subject to the waivers and disclaimers set forth in the Agreement.
TOTAL TIME ON AIRFRAME AT DELIVERY: hours
TOTAL TIME ON ENGINES AT DELIVERY:
Engine No. I (MSN 42285TEC): hours/cycles
Engine No. 2 (MSN 42286TEC): hours/cycles
TOTAL LANDINGS AT DELIVERY:
INDUSTRIAL INTEGRITY SOLUTIONS, LLC
By:
Name:
Title:
Date:
25
SDNY_GM_02765628
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252436
EFTA01334600
STATE OF
) ss:
COUNTY OF
The foregoing instrument was acknowledged before me this day of 2021
by , as the of , a
on behalf of said
NOTARY PUBLIC, STATE OF
26
SDNY_GM_02765629
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252437
EFTA01334601
UNITED STATES OF AMERICA
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
AIRCRAFT BILL OF SALE
FOR AND IN CONSIDERATION OF $ 1.00 + OVC THE
UNDERSIGNED OWNER(S) OF THE FULL LEGAL
AND BENEFICIAL TITLE OF THE AIRCRAFT
DESCRIBED AS FOLLOWS:
UNITED STATES
REGISTRATION NUMBER N 722J E AIRCRAFT MANUFACTURER & MODEL
KEYSTONE HELICOPTER S-76C
AIRCRAFT SERIAL No.
760750
DOES THIS DAY OF May , 2021
HEREBY SELL, GRANT, TRANSFER AND
DELIVER ALL RIGHTS, TITLE, AND INTERESTS
IN AND TO SUCH AIRCRAFT UNTO: OMB Control No. 2120-0042
Exp. 04/30/2017
Do Not Write In This Block
FOR FAA USE ONLY PURCHASER NAME AND ADDRESS (IF INDIVIDUAL(S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INMAL)
Industrial Integrity Solutions , LLC
2151 E. Convention Center Way #222
Ontario, Ca 91764
DEALER CERTIFICATE NUMBER
AND TO ITS SUCCESSORS An......s—^7"0%. AND ASSIGNS TO HAVE AND TO HOLD
SINGULARLY THE SAID AIRCRAFT FOREVER. AND WARRANTS THE TITLE THEREOF:
IN TESTIMONY WHEREOF HAVE SET MY HAND AND SEAL THIS DAY OF May, 2021
to NAME(S) OF SELLER
(TYPED OR PRINTED) SIGNATURE(S)
(IN INK) (IF EXECUTED FOR
CO-OVVNERSHIP. ALL MUSTSIGN. TITLE
(TYPED OR PRINTED)
Hyperion Air LLC Dig daily signed by LARRY VISOSKI
ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR
VALIDITY OF THE INSTRUMENT.)
ORIGINAL: TO FAA
AC Form 8050-2 (01/12) (NSN 0052-00-629-0003)
SDNY_GM_02765630
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252438
EFTA01334602
UNITED STATES OF AMERICA
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
AIRCRAFT BILL OF SALE
FOR AND IN CONSIDERATION OF $ 1.00 + OVC THE
UNDERSIGNED OWNER(S) OF THE FULL LEGAL
AND BENEFICIAL TITLE OF THE AIRCRAFT
DESCRIBED AS FOLLOWS:
UNITED STATES
REGISTRATION NUMBER N 722J E AIRCRAFT MANUFACTURER & MODEL
KEYSTONE HELICOPTER S-76C
AIRCRAFT SERIAL No.
760750
DOES THIS DAY OF May , 2021
HEREBY SELL, GRANT, TRANSFER AND
DELIVER ALL RIGHTS, TITLE, AND INTERESTS
IN AND TO SUCH AIRCRAFT UNTO: 01,18 Control No. 2120-0042
Exp. 04/30/2017
Do Not Write In This Block
FOR FAA USE ONLY PURCHASER NAME AND ADDRESS (IF INDMDUAL(S). GIVE LAST NAME. FIRST NAME. AND MIDDLE INMAL.)
Industrial Integrity Solutions , LLC
2151 E. Convention Center Way #222
Ontario, Ca 91764
DEALER CERTIFICATE NUMBER
AND TO ITS SUCCESSORS rvr nrnnr A rt. Alk"r" "'ADC. AND ASSIGNS TO HAVE AND TO HOLD
SINGULARLY THE SAID AIRCRAFT FOREVER. AND WARRANTS THE TITLE THEREOF:
IN TESTIMONY WHEREOF
to HAVE SET MY
NAME(S) OF SELLER
(TYPED OR PRINTED) HAND AND SEAL THIS
SIGNATURE(S)
(IN INK) (IF EXECUTED FOR
CO-OWNERSHIP. ALL MUSTSIGN. DAyoF May, 2021
TITLE
(TYPED OR PRINTED)
Hyperion Air LLC Di flail si ned b LARRY VISOSKI
ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FM RECORDING: HOWEVER. MAY BE REQUIRED BY LOCAL LAW FOR
VALIDITY OF THE INSTRUMENT.)
ORIGINAL: TO FAA
AC Form 8050-2 (01/12) (NSN 0052-00-629-0003)
SDNY_GM_02765631
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252439
EFTA01334603
tr) co 0 -0 0 n m 73 m 73 6") 73 "V S.*
r` .9t)
0 N.) to0
a+ cn p_,La a)
REGISTRATION
NOT
TRANSFERABLE UMTED
STATES
OF
AMERICA DEPARTMENT
Of
TRANSPORTATION-
FEDERAL
AVIATION
ADMINISTRATION CERTIFICATE
OF
AIRCRAFT
REGISTRATION
Ins
cenrficate must
De
in
the
a
r-craft
when
operated. NATIONALITY
AND REGISTRATION
IAARKS
N
7221E
AIRCRAFT
SERIAL
NO. 760750 MANUFACTURER
AND
MANUFACTURER'S
DESIGNATION
OF
AIRCRAFT KEYSTONE
HEUCOPTER
S-76C ICAO
AnSI
Address
Code;
52325707 I S S U E 0 T0
INDUSTRIAL
INTREGRITY
SOLUTIONS
LLC 2151
E
CONVENTION
CENTER
WAY STE
222 ONTARIO
CA
91764.5496
LLC
TITM
Tr/4
M
is issued
ler reeisratiOn
purposes only
and
is
not
a Wawa,
of
Me. The
Federal
Avalon AtrnnisIraton
eons nor
asumam
ngnis of
Ownemni0
ZS soteten
private Parsens. U.S.
Department of
T-ansportation Federal
Aviation Administration It
is
cortired
that
the
above
descntrod
sweat
has
Blan
co emend
cri
the
retailer
of
the
Fakir* Aviation
Administration.
UnRed
Stales
of
Amnia
i
ac
rdance
with
the
Convention
on Into/nay:hal
Civil
AviatiOn
dated
December
7.
1944.
anti
with
TS
49.
United
States
Code. and
regulation&
laved
therou !hereunder. DATE
CF
ISSUE
July
30,
2021 EXPIRATION
DATE
July
31,
2024
..
aal
ADMINISTRATOR awn
U.S.
Department of
Transportation Federal
Aviation Administration CM
Avalon
fle)C1Ary P
O
eax
25t04 Caanirrie
Oly.
OA
731210501 Conk
lel
BusInne Penalty
toe
Private
Use
1300 AC
Vann
1010-3
(102010)
SletflINSOS
pvt-Oou
edition
7221E TO:
INDUSTRIAL
INTREGRITY
SOLUTIONS
LLC 2151
E CONVENTION
CENTER
WAY STE
222 ONTARIO
CA
91764-5496
EFTA01334604
1.
-o
0
n m
m
-0
00
.9")
O
V1
z cL EFFECT OF REGISTRATION
Tile 49 U. S. C. 44103(02) proves 'Acetate of restrebon issued under the secbon is not emenos of
ownership of aircraft in e proceeding In Much ownership is or may be in issue' THIS CERTIFICATE MUST BE
SIGNED AND RETURNED BY THE REGISTERED OWNER1MTHIN 21 DAYS' IEN IT IS NO LONGER IN
EFFECT FOR ANY REASON UNDER 14 C.F.R. 47.41(eR1) through (7) Registration is canceled at the
request of the owner for one of the follows) reasons (Must check ander complete Block a, b.c. d ore).
a. O The aircraft is tote destroyed
or scrapped
b.O tined States citizenship has
been km or the owner's status as
• resident alien has changed
(unless Changed to that of a U.S. alien)
C. O Teeny days have elapsed since the
death of the registered owner
(estate representative should sign).
d. O The aircraft is to be regiSteled
under the laws 01 • foreign country
(NAME OF FOREIGN COUNTRY)
(SIGNATURE) e. O The ownership of the aircraft is
transferred to
(NAME)
(ADDRESS)
(CITY. STATE. DR)
(TITLE) (DATE)
This CentfiCata mutt be returned to
AIRCRAFT REGISTRATION BRNICH, P.O. BOX 25504. OKLAHOMA CITY. OKLAHOMA 73125-0504 RETAIN THIS INFORMATION
FOR FUTURE REFERENCE
CHANGE OF ADDRESS
Federal Aviation Regulatons require that the rapeseed owner of the
aircraft sham regal in wrung within 30 days any change in permanent
mailing address. Armed Cortisone of Registration wi be issued
wimout °urge The Appleton for Registration AC Form 8050.1 may
be used to report a charge of address
REPLACEMENT OF CERTIFICATE
If this CendiCiak1 is lent destroyed. a mutilated. a replacement may
be obtained at the vintlel request of the holder. Send your request
and 53 00 replacement fee (check or money order made payable to the
Federal Aviation As mire:ten) le
Aircraft Reetraton Branch
P.O. Box 25504
Odatens City. Oklahoma 731254504
NOTE MI correspondence shotid include the rerstrabon N-Number,
manufacturer. model, and serial number of the sarcraft
To offer your feedback regarding the aircraft rep straiten process,
please v'st our **elite m //reedy tae govlarcerli
EFTA01334605
FIRST AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This FIRST AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT (this
"Amendment") is made and entered into as of the 20"' day of April, 2021 (the "Effective Date"),
by and between Hyperion Air, LLC ("Seller") and Industrial Integrity Solutions, LLC
("Purchaser"), and amends that certain Aircraft Purchase Agreccment by and between Seller and
Purchaser entered into as of April 16. 2021 (the "Agreement") governing the purchase and the
sale of that certain 2008 Keystone Helicopter (Sikorsky) model S-76C++ aircraft, bearing
manufacturer's serial number 760750. and currently registered with the United States Federal
Aviation Administration as N722JE (the "Aircraft"). All capitalized terms used but not otherwise
defined herein shall have the meanings ascribed to those terms in the Agreement.
WHEREAS, Section 4(a) of the Agreement provides in relevant part that "...in no event
shall the Closing take place later than April 20, 2021 (the "Closing Date")";
WHEREAS, the Parties desire to extend the April 20, 2021 Closing deadline provided for in
Section 4(a) until May 7, 2021, so that May 7, 2021 is the absolute latest date by which Purchaser
must close under the Agreement;
NOW, THEREFORE. in consideration of these premises and the mutual covenants and
agreements herein contained, the parties agree as follows:
t. Section 4(a) of the Agreement is hereby amended in its entirety to read as follows:
(a) The closing of this transaction ("the Closing") and delivery of the
Aircraft to Purchaser shall take place at Fort Lauderdale Executive Airport KFXE, Florida
("the Closing Place") by not later than the Closing Date (as hereinafter defined), unless the
parties subsequently agree upon a later date in writing, in which case such agreed upon
date shall be deemed the "Closing Date". The Closing shall take place promptly after: (i)
Purchaser's delivery of the Certificate of Technical Acceptance indicating Purchaser's
Unconditional Acceptance of the Aircraft in accordance with Sections 3(f) and (h) hereof;
and (2) confirmation from the Escrow Agent that the Escrow Agent has received the
Purchase Price Balance from Purchaser and all Escrow Documents (as defined below), but
in no event shall the Closing take place later than May 7, 2021 (the "Closing Date"). Seller
and Purchaser hereby acknowledge that the passing of title, possession and delivery of the
Aircraft shall take place within the state in which the Closing Place is located. The fuel
costs and the expenses of Seller's flight crew, if any, in flying the Aircraft from the
Inspection Facility to the Closing Place shall be the sole responsibility of and paid for by
Purchaser.
2. In the event of any inconsistencies between the provisions of the Agreement and
the provisions of this Amendment, the provisions of this Amendment shall control in all respects.
Except as expressly amended hereby, the provisions of the Agreement shall remain unchanged,
valid and in full force and effect.
SDNY_GM_02765634
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252442
EFTA01334606
3. This Amendment may be full): executed in separate counterparts by each of the
parties hereto. Any signatures on this Amendment may be transmitted via facsimile or e-mail (in
pdf format), which signatures shall be deemed originals for all purposes.
IN WITNESS WHEREOF, the parties hereto have executed this FIRST
AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT as of the day and year first
written above.
Seller:
Hyperion Air, LLC
By: 1:-...""..Amt..14..
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, LLC
By:
Print: Rick Munkvold
Title:
2
SDNY_GM_02765635
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA 00252443
EFTA01334607
WARRANTY BILL O1: SALE
Pursuant to that certain Aircraft Purchase Agreement, dated April 16 , 2021 (the
"Agreement"), by and between HYPERION AIR, LLC, a U.S. Virgin Islands limited liability
company ("Seller"), and INDUSTRIAL INTEGRITY SOLUTIONS, LLC, a New Mexico limited
liability company ("Purchaser"), for and in consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by Seller, and being the owner of the full legal and beneficial title in and to that
certain used 2008 Keystone (Sikorsky) model S-76C++ helicopter, bearing manufacturer's serial
number 760750, and currently registered with the United States Federal Aviation Administration
(the "FAA") as N722JE, together with said aircraft's two (2) Turbomeca S.A. model Arriel 2S2
engines bearing Manufacturer's Serial Nos. 42285TE and 42286TEC, and with all avionics,
equipment systems, furnishings and accessories installed on, contained in or attached to said aircraft
and engines, all as is more particularly described on Exhibit A, and also including all airframe, engine
and accessory logbooks, flight and operation manuals, maintenance and overhaul records, and all
other records and paperwork relating to the above-described aircraft and engines in Seller's
possession (collectively, the "Aircraft"),
Seller does hereby grant, bargain, sell, convey, transfer and deliver unto Purchaser,
its successors and assigns, all of Seller's right, title and interest in and to the Aircraft.
Seller hereby warrants to Purchaser, its successors and assigns, that Seller is the
lawful full legal, record and beneficial owner of 100% of the Aircraft and that there is hereby
conveyed to Purchaser good and marketable title to the Aircraft, free and clear of any and all leases,
liens, claims, encumbrances and rights of third parties whatsoever, and Seller will warrant and
defend such title forever, at the sole expense of Seller, against all claims and demands whatsoever.
EXCEPT FOR THE WARRANTIES SET FORTH IN THE IMMEDIATELY
PRECEDING PARAGRAPH (THE "EXPRESS WARRANTIES"), THE AIRCRAFT AND
EACH PART THEREOF IS BEING SOLD TO PURCHASER HEREUNDER IN ITS "AS IS,
WHERE IS" CONDITION AND "WITH ALL FAULTS" EFFECTIVE AT THE CLOSING.
EXCEPT FOR THE EXPRESS WARRANTIES, NEITHER SELLER NOR ITS AGENTS,
REPRESENTATIVES OR EMPLOYEES MAKE ANY WARRANTIES, EXPRESS OR
IMPLIED, OF ANY KIND OR NATURE WHATSOEVER TO PURCHASER. WITHOUT
LIMITING THE GENERALITY OF THE FOREGOING DISCLAIMER OF
REPRESENTATIONS AND WARRANTIES, THERE IS (I) NO WARRANTY BY SELLER,
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES AS TO THE AIRWORTHINESS OR
PHYSICAL CONDITION OF THE AIRCRAFT, (II) NO IMPLIED WARRANTY BY SELLER,
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE OF THE AIRCRAFT, (111) NO IMPLIED
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES ARISING
FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE,
AND (IV) NO WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR
EMPLOYEES AGAINST PATENT INFRINGEMENT OR THE LIKE.
[Signature on following page]
22
SDNY_GM_02765636
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EF1'A_00252444
EFTA01334608
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be
executed by its duly authorized representative, this day of A{, 2021.
HYPERION AIR, LLC
D• I si ed b • LARRY VISOSKI
By:
Name: Lawrence Visoski
Title:
Date:
23
SDNY_GM_02765637
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252445
EFTA01334609
WARRANTY BILL O1: SALE
Pursuant to that certain Aircraft Purchase Agreement, dated April 16 , 2021 (the
"Agreement"), by and between HYPERION AIR, LLC, a U.S. Virgin Islands limited liability
company ("Seller"), and INDUSTRIAL INTEGRITY SOLUTIONS, LLC, a New Mexico limited
liability company ("Purchaser"), for and in consideration of the sum of Ten Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by Seller, and being the owner of the full legal and beneficial title in and to that
certain used 2008 Keystone (Sikorsky) model S-76C++ helicopter, bearing manufacturer's serial
number 760750, and currently registered with the United States Federal Aviation Administration
(the "FAA") as N722JE, together with said aircraft's two (2) Turbomeca S.A. model Arriel 2S2
engines bearing Manufacturer's Serial Nos. 42285TE and 42286TEC, and with all avionics,
equipment systems, furnishings and accessories installed on, contained in or attached to said aircraft
and engines, all as is more particularly described on Exhibit A, and also including all airframe, engine
and accessory logbooks, flight and operation manuals, maintenance and overhaul records, and all
other records and paperwork relating to the above-described aircraft and engines in Seller's
possession (collectively, the "Aircraft"),
Seller does hereby grant, bargain, sell, convey, transfer and deliver unto Purchaser,
its successors and assigns, all of Seller's right, title and interest in and to the Aircraft.
Seller hereby warrants to Purchaser, its successors and assigns, that Seller is the
lawful full legal, record and beneficial owner of 100% of the Aircraft and that there is hereby
conveyed to Purchaser good and marketable title to the Aircraft, free and clear of any and all leases,
liens, claims, encumbrances and rights of third parties whatsoever, and Seller will warrant and
defend such title forever, at the sole expense of Seller, against all claims and demands whatsoever.
EXCEPT FOR THE WARRANTIES SET FORTH IN THE IMMEDIATELY
PRECEDING PARAGRAPH (THE "EXPRESS WARRANTIES"), THE AIRCRAFT AND
EACH PART THEREOF IS BEING SOLD TO PURCHASER HEREUNDER IN ITS "AS IS,
WHERE IS" CONDITION AND "WITH ALL FAULTS" EFFECTIVE AT THE CLOSING.
EXCEPT FOR THE EXPRESS WARRANTIES, NEITHER SELLER NOR ITS AGENTS,
REPRESENTATIVES OR EMPLOYEES MAKE ANY WARRANTIES, EXPRESS OR
IMPLIED, OF ANY KIND OR NATURE WHATSOEVER TO PURCHASER. WITHOUT
LIMITING THE GENERALITY OF THE FOREGOING DISCLAIMER OF
REPRESENTATIONS AND WARRANTIES, THERE IS (I) NO WARRANTY BY SELLER,
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES AS TO THE AIRWORTHINESS OR
PHYSICAL CONDITION OF THE AIRCRAFT, (II) NO IMPLIED WARRANTY BY SELLER,
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE OF THE AIRCRAFT, (111) NO IMPLIED
WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR EMPLOYEES ARISING
FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE OF TRADE,
AND (IV) NO WARRANTY BY SELLER, ITS AGENTS, REPRESENTATIVES OR
EMPLOYEES AGAINST PATENT INFRINGEMENT OR THE LIKE.
[Signature on following page]
22
SDNY_GM_02765638
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EF1'A_00252446
EFTA01334610
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be
executed by its duly authorized representative, this day of tril, 2021.
HYPERION AIR, LLC
I si ed b • LARRY VISOSKI
By:
Name: Lawrence Viscera
Title:
Date:
23
SDNY_GM_02765639
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252447
EFTA01334611
Cesto o.
rl! o FAA and International Registry Engine Search Report TITLE SERVICE
Prepared For:
HD06, LLC
Rich Munkvold
Ontario, CA. 91764 US 0.1
Make
TURBOMECA SA. FAA LIEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Model Serial No
ARRIEL 252 42286TEC
A review of the pre-automated and/or automated FAA records, as those records pertain to that certain Engine described
above, revealed the state of the record with respect to lien status is as follows:
LIEN STATUS
FAA has no record of the engine as described. There are no pending documents indexed under the engine as
described appearing on the FAA collateral indices of in-process documents.
Disclaimer: By this report we undertake to provide only information from the records of aircraft maintained by the FAA Aircraft Registry, which
constitutes those records received, examined and made a part of the public record by that office, on the particular aircraft described above at
7:29 AM CT on 04/21/2021.
INTERNATIONAL REGISTRY SEARCH CRITERIA
Aircraft Object has been searched at the International Registry as TURBOMECA model ARRIEL 252. SN: 42286. which description does not
match the current Manufacturer's List. Priority Search Certificate Number: 1492289, created on 21 Apr 2021 at 14:53:48 GMT. reflects no
undischarged registrations and the below-described salefs).
INTERNATIONAL REGISTRY STATUS
No Liens of Record
Sale
Date:26 Jul 2011
Fractional cc Partial Interest 100.060000% File #: 732512
Time (GMT): 18.1156
SDNY_GM_02765640
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252448
EFTA01334612
Seller: Freedom Air International Inc.*
Buyer: MI Wings, LLC
Sale File #: 1644796
Date: 13 Jun 2019
Fractional or. Partial Interest 100,000000%
Seller: ASI Wings, LLC
Buyer: Hyperion Air, iiC Time (GMT): 16.03:04
FOR: AIC Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
111 preparing this order. we are 6) subject to the availability and accuracy of the Federal Aviation Administration CFAK1 and the International Registry tillr). including their employees.
agents, and computer systems, in the filing registering. indexing. cross-referencing and recording of instruments filed with the FAA and IR and 00 subject to the accuracyof the
information contained in the iFt Priority Search Certificates, of applicable. We nave relied on you to provide us with an accurate. compete and exact description of any Aircraft Engines.
and Propellers, for this search.
AK Tide Service, LLC - 6350 W. Rang Oklahoma City. OK 73127
Ph 800.2882519 or 406946.1811
Fx: £05948.1869
Email: infoOnctitle.com
SDNY_GM_02765641
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252449
EFTA01334613
CAI %EC TITLE SERVICE FAA and International Registry Engine Search Report
Prepared For:
H0O6, LLC
Rich Munkvold
Ontario, CA. 91764 US Eh/
Make
TURBOMECA FAA LIEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Model Serial No
ARRIEL 2S2 42285TE
A review of the pre-automated and/or automated FAA records, as those records pertain to that certain Engine described
above, revealed the state of the record with respect to lien status is as follows:
LIEN STATUS
FAA has no record of the engine as described. There are no pending documents indexed under the engine as
described appearing on the FAA collateral indices of in-process documents.
Disclaimer: By this report we undertake to provide only information from the records of aircraft maintained by the FAA Aircraft Registry, which
constitutes those records received, examined and made a part of the public record by that office, on the particular aircraft described above at
7:29 AM CT on 04/21/2021.
INTERNATIONAL REGISTRY SEARCH CRITERIA
Aircraft Object has been searched at the International Registry as TURBOMECA. model ARRIEL 252. SN: 42285, which description does not
match the current Manufacturer's List. Priority Search Certificate Number: 1492268, created on 21 Apr 2021 at 14:53:48 GMT. reflects no
undischarged registrations and the below-described sale(s).
INTERNATIONAL REGISTRY STATUS
No Liens of Record
Sale
Date:26 Jul 2011
Fractional cc Partial Interest 100.000000% File #: 732506
Time (GMT): 18.06.15
SDNY_GM_02765642
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252450
EFTA01334614
Seller: Freedom Air International, Inc.*
Buyer:MI Wings, LLC
Sale File #: 1644797
Date: 13 .lun 2019
Fractional or Partial Interest 100.00O000%
Seller: ASI Wings, LLC
Buyer: Hyperion Air, LIC Time (GMT): 16:17:01
FOR: AIC Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
ill preparing this order. he are 6) subject to the availability and accuracy of the Federal Aviation Administration (FAA) and the International Registry Ilk". including their empkryees
agents, and computer systems, in the filing registering. indexing. cross-referenrmo and recording of instruments filed with the FAA and IR and (id subject to the accuracy of the
informaton contained in the IR Priority Search Certificates, it applicable. We have relied on you to wade us with an accurate. compete and exact description of any Aircraft. Engines.
and Propellers, for this search.
AIC Title Service, LLC 6350 W. Reno. Oklahoma City. OK 73127
Ph 1300.2862519 or 40694131811
Fs SO5948.1869
Email: infoOPectitle.com
SDNY_GM_02765643
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA 0025245I
EFTA01334615
ITLF SERVECE FAA and International Registry Title Search Report
Prepared For:
HD06, LLC
Rich Munkvold
Ontario, CA, 91764 US E,
Registration No
N722.IE FAA TITLE SEARCH and
INTERNATIONAL REGISTRY PRIORITY SEARCH
AIRFRAME REPORT
Formerly Make Model Serial No
N750A KEYSTONE HELICOPTER S-76C 760750
Present Registered Owner
Hyperion Air LLC
6100 Red Hook Quarter B3
St. Thomas. U.S. Virgin Islands 00802 Owner Type: Limited Liability Company
Signed By. Lawrence P. Visoski, Jr.
Acquired By. Bill of Safe
Executed: 6-13-19
FAA Filed: 6-13.19
FM Recorded: 7.17.19
FM Documente
LIEN STATUS
No Liens of Record
Disclaimer: By this report we undertake to provide only information from the records of aircraft maintained by the FM Aircraft Registry, which
constitutes those records received, examined and made a part of the public record by that office, on the particular aircraft described above at
7:29 AM CT on 04/21/2021.
INTERNATIONAL REGISTRY SEARCH CRITERIA
Aircraft Object has been searched at the International Registry as SIKORSKY. model S-76, SN: 760750, which description matches the current
Manufacturers List. Priority Search Certificate Number 1492287, created on 21 Apr 2021 at 14:53A8 GMT. reflects no undischarged
registrations and the below-described sale(s).
INTERNATIONAL REGISTRY STATUS
SDNY_GM_O2765644
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_OO252452
EFTA01334616
No Liens of Record
Sale File #: 732496
Date: 26 Jul 2011
Fractional or Partial Interest 100.000000%
Seller: Freedom Air International, Inc.'
Buyer: ASI Wings, LLC Time (GMT) 18 01 37
Sale
Date: 13 Jun 2019
Fractional or Partial Interest 100.00000056
Seller: ASI Wings, LLC
Buyer: Hyperion Air, LLC File #: 1644795
Time (GMT) 1603:01
FOR: AIC Title Service, LLC
Order#: 152973 Registration #: N722JE Certified By: Bryan Vaughan on 04/21/2021
In preparing this order we are (0 subject to the availability and accuracy of the Federal Aviation Administration (IAA) and the International Registry (IR). including their employee&
*gents, and computer systems. in the filing registering. indexing. cross-relerenong and recording of anuuments Ned with the FAA and IR and (X) subject to the accuracy of the
information contained in the IR Priority Search Certificates. if applicable. We have relied on you to provide us with an accurate. complete and exact description of any Aircraft Engines.
and Propeller& for this search.
NC Title Servke. LLC - 6350 W Reno. Oklahoma City. OK 73127
Ph 800.28&2519 or 406.948.18I 1
Pc 405148.1869
Email: infograictitk.ccen
SDNY_GM_02765645
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252453
EFTA01334617
SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
(this "Second Amendment") is made and entered into as of the 7h day of May, 2021 (the
"Effective Date"), by and between Hyperion Air, LLC ("Seller") and Industrial Integrity
Solutions, LLC ("Purchaser"), and amends that certain Aircraft Purchase Agreeement by and
between Seller and Purchaser entered into as of April 16, 2021 (the "Original Agreement"), as
the same was previously amended by that certain First Amendment to Aircraft Purchase
Agreeement by and between Seller and Purchaser made and entered into as of April 20, 2021
(said Original Agreement, as so amended, the "Agreement"), governing the purchase and the
sale of that certain 2008 Keystone Helicopter (Sikorsky) model S-76C4 + aircraft, bearing
manufacturer's serial number 760750, and currently registered with the United States Federal
Aviation Administration as N722JE. All capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to those terms in the Agreement.
WHEREAS, Section 4(a) of the Agreement provides in relevant part that "...in no event
shall the Closing take place later than May 7, 2021 (the "Closing Date")";
WHEREAS, the Parties desire to extend the May 7, 2021 Closing deadline provided for
in Section 4(a) until May 13, 2021, so that May 13, 2021 is the absolute final and latest date
by which Purchaser must close under the Agreement; and
WHEREAS, Seller is willing to extend the May 7, 2021 Closing deadline until May 13,
2021, effective when and on the condition that immediately upon execution of this Second
Amendment Purchaser increases the Deposit by delivering to the Escrow Agent an additional
One Hundred Thousand Dollars (S100,000), and provided further that Purchaser agrees herein
that the full amount of the Deposit, as so increased, is non-refundable and immediately,
absolutely, and unconditionally due and payable to Seller regardless of whether or not the
Closing occurs, and immediately instructs Escrow Agent to disburse the Deposit, as so
increased, to Seller in accordance with Seller's disbursement instnictions;
NOW, THEREFORE, in consideration of these premises and the mutual covenants
and agreements herein contained, the parties agree as follows:
1. Subject to the provisions of Paragraph 2 of this Second Amendment and
effective if and only if Purchaser fully complies with such provisions, Section 4(a) of the
Agreement is hereby amended in its entirety to read as follows:
(a) The closing of this transaction ("the Closing") and delivery of the
Aircraft to Purchaser shall take place at Fort Lauderdale Executive Airport KFXE,
Florida ("the Closing Place") by not later than the Closing Date (as hereinafter defined),
SDNY_GM_02765646
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252454
EFTA01334618
unless the parties subsequently agree upon a later date in writing, in which case such
agreed upon date shall be deemed the "Closing Date". The Closing shall take place
promptly after: (i) Purchaser's delivery of the Certificate of Technical Acceptance
indicating Purchaser's Unconditional Acceptance of the Aircraft in accordance with
Sections 3(f) and (h) hereof; and (2) confirmation from the Escrow Agent that the
Escrow Agent has received the Purchase Price Balance from Purchaser and all Escrow
Documents (as defined below), but in no event shall the Closing take place later than
May 13, 2021 (the "Closing Date"). Seller and Purchaser hereby acknowledge that the
passing of title, possession and delivery of the Aircraft shall take place within the state
in which the Closing Place is located. The fuel costs and the expenses of Seller's flight
crew, if any, in flying the Aircraft from the Inspection Facility to the Closing Place
shall be the sole responsibility of and paid for by Purchaser.
2. Immediately following Purchaser's and Seller's execution of this Second
Amendment, Purchaser shall increase the amount of the Deposit by delivering an additional
One Hundred Thousand Dollars ($100,000) to the Escrow Agent, whereupon the full amount
of the Deposit, as so increased (i.e., Two Hundred Thousand Dollars (S200,000), hereinafter
referred to as the "Increased Deposit"), shall be non-refundable and immediately, absolutely
and unconditionally due and payable to Seller, regardless of whether or not a Closing shall
thereafter occur. Concurrently with Purchaser's delivery of the additional amount of the
Deposit to the Escrow Agent, Purchaser shall deliver to the Escrow Agent (and send a copy of
the same to Seller) a signed written instruction directing the Escrow Agent to immediately
disburse the Increased Deposit to Seller in accordance with Seller's disbursement directions,
without any further writing or approval from Purchaser being required and without any
requirement that a Closing occur. If and only if Seller receives the full amount of the Increased
Deposit in accordance with Seller's disbursement instructions, the amount of the Purchase
Price Balance required to be paid by Purchaser under the Agreement shall decrease to One
Million Six Hundred Thousand Dollars ($1,600,000). The provisions of Paragraph 1 of this
Second Amendment will not be effective unless and until Seller receives the full amount of
the Deposit in accorMice with Seller's disbursement instructions.
teinOnlAtt. "Thn
3. In the event of any inconsistencies between the provisions of the Agreement and
the provisions of this Second Amendment, the provisions of this Second Amendment shall
control in all respects. Except as expressly amended hereby, the provisions of the Agreement
shall remain unchanged, valid and in full force and effect.
4. This Second Amendment may be fully executed in separate counterparts by each
of the parties hereto. Any signatures on this Second Amendment may be transmitted via
facsimile or e-mail (in pdf format), which signatures shall be deemed originals for all purposes.
[Signatures on the following page]
2
SDNY_GM_02765647
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252455
EFTA01334619
IN WITNESS WHEREOF, the parties hereto have executed this SECOND
AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT as of the day and year first
written above.
Seller:
Hyperion Air, LLC
BY: -..1c2Al2,-tA.
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, LLC
By:
Print:
Title:
3
SDNY_GM_02765648
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252456
EFTA01334620
SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
(this "Second Amendment") is made and entered into as of the 7th day of May, 2021 (the
"Effective Date"), by and between Hyperion Air, LLC ("Seller") and Industrial Integrity
Solutions, LLC ("Purchaser"), and amends that certain Aircraft Purchase Agreeement by and
between Seller and Purchaser entered into as of April 16, 2021 (the "Original Agreement"), as
the same was previously amended by that certain First Amendment to Aircraft Purchase
Agreeement by and between Seller and Purchaser made and entered into as of April 20, 2021
(said Original Agreement, as so amended, the "Agreement"), governing the purchase and the
sale of that certain 2008 Keystone Helicopter (Sikorsky) model S-76C4 + aircraft, bearing
manufacturer's serial number 760750, and currently registered with the United States Federal
Aviation Administration as N722JE. All capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to those terms in the Agreement.
WHEREAS, Section 4(a) of the Agreement provides in relevant part that "...in no event
shall the Closing take place later than May 7, 2021 (the "Closing Date")";
WHEREAS, the Parties desire to extend the May 7, 2021 Closing deadline provided for
in Section 4(a) until May 13, 2021, so that May 13, 2021 is the absolute final and latest date
by which Purchaser must close under the Agreement; and
WHEREAS, Seller is willing to extend the May 7, 2021 Closing deadline until May 13,
2021, effective when and on the condition that immediately upon execution of this Second
Amendment Purchaser increases the Deposit by delivering to the Escrow Agent an additional
One Hundred Thousand Dollars (S100,000), and provided further that Purchaser agrees herein
that the full amount of the Deposit, as so increased, is non-refundable and immediately,
absolutely, and unconditionally due and payable to Seller regardless of whether or not the
Closing occurs, and immediately instructs Escrow Agent to disburse the Deposit, as so
increased, to Seller in accordance with Seller's disbursement instnictions;
NOW, THEREFORE, in consideration of these premises and the mutual covenants
and agreements herein contained, the parties agree as follows:
1. Subject to the provisions of Paragraph 2 of this Second Amendment and
effective if and only if Purchaser fully complies with such provisions, Section 4(a) of the
Agreement is hereby amended in its entirety to read as follows:
(a) The closing of this transaction ("the Closing") and delivery of the
Aircraft to Purchaser shall take place at Fort Lauderdale Executive Airport KFXE,
Florida ("the Closing Place") by not later than the Closing Date (as hereinafter defined),
SDNY_GM_02765649
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252457
EFTA01334621
unless the parties subsequently agree upon a later date in writing, in which case such
agreed upon date shall be deemed the "Closing Date". The Closing shall take place
promptly after: (i) Purchaser's delivery of the Certificate of Technical Acceptance
indicating Purchaser's Unconditional Acceptance of the Aircraft in accordance with
Sections 3(f) and (h) hereof; and (2) confirmation from the Escrow Agent that the
Escrow Agent has received the Purchase Price Balance from Purchaser and all Escrow
Documents (as defined below), but in no event shall the Closing take place later than
May 13, 2021 (the "Closing Date"). Seller and Purchaser hereby acknowledge that the
passing of title, possession and delivery of the Aircraft shall take place within the state
in which the Closing Place is located. The fuel costs and the expenses of Seller's flight
crew, if any, in flying the Aircraft from the Inspection Facility to the Closing Place
shall be the sole responsibility of and paid for by Purchaser.
2. Immediately following Purchaser's and Seller's execution of this Second
Amendment, Purchaser shall increase the amount of the Deposit by delivering an additional
One Hundred Thousand Dollars ($100,000) to the Escrow Agent, whereupon the full amount
of the Deposit, as so increased (i.e., Two Hundred Thousand Dollars (S200,000), hereinafter
referred to as the "Increased Deposit"), shall be non-refundable and immediately, absolutely
and unconditionally due and payable to Seller, regardless of whether or not a Closing shall
thereafter occur. Concurrently with Purchaser's delivery of the additional amount of the
Deposit to the Escrow Agent, Purchaser shall deliver to the Escrow Agent (and send a copy of
the same to Seller) a signed written instruction directing the Escrow Agent to immediately
disburse the Increased Deposit to Seller in accordance with Seller's disbursement directions,
without any further writing or approval from Purchaser being required and without any
requirement that a Closing occur. If and only if Seller receives the full amount of the Increased
Deposit in accordance with Seller's disbursement instructions, the amount of the Purchase
Price Balance required to be paid by Purchaser under the Agreement shall decrease to One
Million Six Hundred Thousand Dollars ($1,600,000). The provisions of Paragraph 1 of this
Second Amendment will not be effective unless and until Seller receives the full amount of
the Deposit in accorMice with Seller's disbursement instructions.
teiMOnlAtt. "an
3. In the event of any inconsistencies between the provisions of the Agreement and
the provisions of this Second Amendment, the provisions of this Second Amendment shall
control in all respects. Except as expressly amended hereby, the provisions of the Agreement
shall remain unchanged, valid and in full force and effect.
4. This Second Amendment may be fully executed in separate counterparts by each
of the parties hereto. Any signatures on this Second Amendment may be transmitted via
facsimile or e-mail (in pdf format), which signatures shall be deemed originals for all purposes.
[Signatures on the following page]
2
SDNY_GM_027656S0
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252458
EFTA01334622
IN WITNESS WHEREOF, the parties hereto have executed this SECOND
AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT as of the day and year first
written above.
Seller:
Hyperion Air, LLC
BY: ...1.Vatitt.t...,.
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, I.LC
By:
Print:
Title:
3
SDNY_GM_02765651
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252459
EFTA01334623
probate laws or by applicable federal, state, territorial and local laws of the United States of America
and its territories and possessions.
IN WITNESS WHEREOF, the parties to this Aircraft Purchase Agreement have
caused it to be executed by their duly authorized representatives.
SELLER:
HYPERION AIR, LLC
By:
Name: Darren K. Indyke
Title: Authorized Representative
PURCHASER:
INDUSTRIAL INTEGRI Y SOLUTIONS,
LLC
By:
Name: Rich Munkvold
Title:
SDNY_GM_02765652
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252460
EFTA01334624
probate laws or by applicable federal, state, territorial and local laws of the United States of America
and its territories and possessions.
IN WITNESS WHEREOF, the parties to this Aircraft Purchase Agreement have
caused it to be executed by their duly authorized representatives.
SELLER:
HYPERION AIR, LLC
By:
Name: Darren K. Indykc
Title: Authorized Representative
PURCHASER:
INDUSTRIAL INTEGRI Y SOLUTIONS,
LLC
By:
Name: l vold
Title:
SDNY_GM_02765653
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252461
EFTA01334625
probate laws or by applicable federal, state, territorial and local laws of the United States of America
and its tcrritorics and possessions.
IN WITNESS WHEREOF, the parties to this Aircraft Purchase Agreement have
caused it to be executed by their duly authorized representatives.
SELLER:
HYPERION AIR, LLC
By- Q.A.A..e."..4.7K.
Name: Darren K. Indyke
Title: Authorized Representative
PURCHASER:
INDUSTRIAL INTEGRI Y SOLUTIONS,
LLC
By:
Name: Rich Munkvold
Title:
SDNY_GM_02765654
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EFTA_00252462
EFTA01334626
AIRCRAFT PURCHASE AGREEMENT
THIS AIRCRAFT PURCHASE AGREEMENT (this "Agreement") is entered into as
of April 4. 2021, by and between HYPERION AIR., LLC, a U.S. Virgin Islands limited liability
company, whose address is 9053 Estate Thomas, Suite 101, SL Thomas, U.S. Virgin Islands
("Seller"), and Industrial Integrity Solutions , LLC, a New Mexico limited liability company, whose
address is 2151 E. Convention Center Way, Ste. 222, Ontario, CA 91764-5496 ("Purchaser").
RECITATIONS:
Subject to the terms and conditions set forth in this Agreement, Seller desires to sell,
transfer, and deliver to Purchaser, and Purchaser desires to purchase from Seller, one used 2008
Keystone (Sikorsky) model 5-76C-I-E helicopter, bearing manufacturer's serial number 760750, and
currently registered with the United States Federal Aviation Administration (the "FAA") as N722JE,
together with said aircraft's two (2) Turbomeca S.A. model Arriel 2S2 engines bearing
Manufacturer's Serial Nos. 42285TE and 42286TEC, and with all avionics, equipment systems,
furnishings and accessories installed on, contained in or attached to said aircraft and engines, all as is
more particularly described on Exhibit A, and also including all airframe, engine and accessory
logbooks, flight and operation manuals, maintenance and overhaul records, and all other records and
paperwork relating to the above-described aircraft and engines in Seller's possession (collectively, the
"Aircraft").
NOW, THEREFORE, in consideration of the mutual promises and covenants herein
contained, and other good and valuable consideration, the parties hereto agree as follows:
1. Purchase Price• Payment. Seller agrees to sell, and Purchaser agrees to
purchase, the Aircraft for a total purchase price of One Million Eight Hundred Thousand U.S. Dollars
(US $1,800,000) (the "Purchase Price"), which shall be paid by Purchaser to Seller as follows:
(a) Purchaser shall wire transfer a deposit in the amount of One Hundred
Thousand U.S. Dollars (US $100,000.00) (the "Deposit") to AIC Title Service, LLC, Oklahoma
City, Oklahoma, as escrow agent (the "Escrow Agent"), which Deposit shall be held in escrow and
disbursed at the Closing (as hereinafter defined and described) pursuant to the conditions and
requirements set forth in this Agreement; and
(b) The balance of the Purchase Price in the amount of One Million Seven
Hundred Thousand U.S. Dollars (US$1,700,000) (the "Purchase Price Balance") shall be paid at the
Closing, said Purchase Price Balance to be wire transferred (as and when provided in Section 4(c)
hereof) prior to the Closing into the Special Escrow Account (as defined below) of the Escrow
Agent for its disbursement to Seller at the Closing upon the satisfaction of the conditions and
requirements set forth in this Agreement.
1.1 Establishment of Special Escrow Account. The Deposit has been wire transferred
to the general escrow account of the Escrow Agent maintained at JP Morgan Chase Bank N.A., 100
N. Broadway Avenue, Suite 401, Oklahoma City, OK 73102. Upon the execution of this
Agreement, the Escrow Agent shall promptly cause the Deposit to be transferred to, and maintained
in, a special escrow account at said Bank created and maintained solely and exclusively for the
1
SDNY_GM_02765655
SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17
EF1'A_00252463
EFTA01334627
purpose of this transaction (the "Special Escrow Account"); and the Escrow Agent shall thereupon
provide Seller and Purchaser with the number of the Special Escrow Account and any other
information pertinent thereto. The Deposit shall be held in escrow by the Escrow Agent in the
Special Escrow Account, and shall be refundable to Purchaser unless the same becomes
nonrefundable in accordance with the express provisions of this Agreement. The Escrow Agent
shall not place or hold any funds in the Special Escrow Account except for the funds received in
connection with this transaction (namely, the Deposit and the Purchase Price Balance).
2 . Condition of the Aircraft.
(a) At the time of Seller's delivery to Purchaser of the Aircraft at the Closing, the
Aircraft will be delivered to Purchaser: (a) with good and marketable title, free and clear of all liens
and encumbrances, (b) with complete and continuous log books and maintenance records, (c) in an
airworthy condition, subject, however, to the matters listed on Exhibit A-1, with a valid FAA standard
airworthiness certificate, (d) subject to the matters listed on Exhibit A-1, with all airworthiness
systems functioning in normal working order in accordance with the manufacturer's Operations
Manual, (e) in compliance with the mandatory portions of all FAA airworthiness directives and
mandatory service bulletins that have been issued with respect to the Aircraft with due dates on or
prior to closing, (f) with all applicable remaining manufacturer's and/or vendor's warranties duly
assigned by Seller to Purchaser, provided that such warranties are assignable and that any cost of
assignment shall be borne solely by Purchaser, and (h) current, as of closing, on the manufacturer's
recommended inspection and maintenance programs with all hourly, cycle and calendar inspections
required under such program complied with without deferral. The Aircraft shall be deemed to be in
"Delivery Condition" if it complies with the foregoing requirements.
3. Pre-Purchase Insoection s
(a) Purchaser, or its agent, shall have a right to perform a pre-purchase inspection
of the Aircraft in accordance with this Section 3 (the "Pre-Purchase Inspection") at the Banyan FB0
facility located at the Fort Lauderdale Executive Airport KFXE (the "Inspection Facility"). The
Aircraft and its technical records have already been positioned at the Inspection Facility and are
currently available for the Pre-Purchase Inspection as soon as Purchaser makes arrangements for the
Pre-Purchase Inspection.
(b) The Pre-Purchase Inspection will be performed on behalf
📷 Images in this document (123 detected; 6 largest described)
AI-generated factual descriptions of embedded images (llava:13b). These are searchable across the corpus.
[Image 1] The image shows a document that appears to be a formal letter or agreement. It includes text and a signature at the bottom. The document is dated and addressed to a specific individual or entity. The text is too small to read in detail, but it seems to be related to a legal or business matter, possibly involving a contract or agreement. The document is printed on standard letterhead paper, and the
[Image 2] The image shows a document that appears to be a letter or a contract. It contains text and a signature at the bottom. The document is dated and addressed to a specific individual or entity. The visible text includes clauses and conditions related to the agreement or contract. The document is printed on standard letterhead paper, and there are no visible images or logos. The text is too small to re
[Image 3] The image is a photograph of a document with text. The document appears to be a page from a legal or official document, possibly a contract or agreement. It contains numbered paragraphs and sub-paragraphs, with headings such as "Article," "Section," and "Clause." The text is dense and formal, with references to clauses and sub-clauses, and mentions terms such as "Parties," "Agreement," "Effective
[Image 4] The image shows a document with text, which appears to be a page from a legal or official document. The text is in English and includes numbered paragraphs and subsections. The document is structured with headings, subheadings, and bullet points. There are references to "Paragraph 1," "Paragraph 2," and "Paragraph 3," suggesting a formal or legal structure. The text discusses matters related to "P
[Image 5] The image shows a document with text, which appears to be a page from a legal or official document. The text is in English and includes numbered paragraphs, subsections, and a list of items. The document is structured with headings and bullet points, indicating a formal or official nature. There are no visible names, dates, places, or logos that can be described without speculation. The content of
[Image 6] The image shows a document with text, which appears to be a page from a legal or official document. The text is in English and includes numbered points, suggesting it might be a list of conditions or clauses. The document is titled "SUBJECT PROTECTIVE ORDER PARAGRAPHS 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38,