EFTA02001130

Jeffrey, after reviewing my notes on the budget to repair the Bell 430, you=20 mentioned a cost of $350k for repair work, actually the known items needing to be completed to make airworthy arc= :=20 $293,393.14 the additional $59,819.34 was interior work, which in=20 my opinion is high, we should be able to get better i=20 pricing in USA, if you would prefer to accomplish interior once helicopter= =20 arrives in USA. Estimated Labor charge for maintenance requested: Labor f24,275.00 pounds sterling =3D USA $37,805.64 Parts estimated:=20 =3D = &nb= sp; =20 $255,587.50 total for=20 Maintenance &nbs= p; &= nbsp; =20 $293,393.14 Interior quote in Pounds f38,410.00=3D 59,819.34 USD: Total $353,212.48 maintenance and interior from PremiAir in UK,.<= /DIV> Jeffrey, this is my rough draft for your approv= al, if=20 you could critique ? Mr. Craig Lamminman, We would like to offer the following conditions in the purchase of N90- 1RL a=20 Bell 430 helicopter. -Purchase price to be $1,600,000.00 USD "As is, Where is" -A refundable $100,000.00 would be paid to escrow, Buyer has right to= =20 complete oil analysis of engines, tail rotor gear box and main rotor gear b= ox at=20 buyers expense. -PremiAir will be contracted to completed the quoted work scope estima= te=20 below, at requested reduced price of $250,000.00 USD. -it is understood there will be discrepancies found and&nbsp= ;will=20 be subject to buyers approval, repaired at current shop hourly rate, and wi= 11 be=20 considered over and above the fix quote provided by PremiAir. -I am making arrangements for the Chief Inspector from Edwards &a= mp;=20 Assoc in Fort Lauderdale (A Bell owned company), Chris Gray, who is= =20 currently on Cyprus Island, to visit the Bell 430 this weeke= nd on=20 his return trip to the USA and evaluate the Bell 430.1 would like Chris Gr= ay to=20 wittness the engine monthly test run during his visit. please advise if these are acceptable terms in moving forward in this= =20 purchase? Sincerely, Larry Visoski EFTA_R1_00497940 EFTA02001130