AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH

AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. Phone No. For: Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. Oklahoma City, OK 73179 Ann: Joan Roberts I III jA Insured Aircraft Title Service, Inc. Di © P O. BOX 19527 905-651-6663 OKLAHOMA WY. OKLAHOMA 73144 TOLL FREE: PHONE 800-654-9682 RE: N/A FAA Records Search revealed the following TITLE information on the aircraft herein described. Object: N90IRL Make: Bell Model: 430 Serial No.: 49078 Record Owner: Address: Bovale Developments, Inc. - Owner Trustee Suite 400, 2711 Centerville Rd., Wilmington, DE 19808 Type: Corporation Title: Director Signed By: William P. Merriam Acquired By: Bill of Sale Date: 9-28-10 Recorded: 10-5-10 Date Registered: 10-5-10 Date Filed: 10-5-10 FAA Doc. # Sf1004121 Previous Owner: Bovale Ltd. Address: 4 Bellmont, Shropshire SYI1TE United Kingdom Date Registered: 10-5-11 Subject To: NO LIENS OF RECORD EFTA00307718 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. Phone No. For: Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. Oklahoma City, OK 73179 Attn: Joan Roberts 1 Insured Aircraft Title Service, Inc. P O. BOX 19577 4054814663 OKLAHOMA CITY, OKLAHOMA 73144 TOLL FREE: PHONE 800454-4482 RE: N/A The file contains a Bill of Sale recorded 1-29-07 as FAA Doc. #PP034606. The seller on the Bill of Sale is Elite Aviation, LLC, signed by Illegible Signature whose title is shown as Chief Operating Officer. The authorization documents on file at FAA indicate that the title for signers of this LLC is Managers. The FAA requires anyone signing on behalf an LLC to show only their authorized title. Regardless of this omission, the chain of title continued. This search is subject to the filings reflected on the index of collateral provided by the FAA and Insured Aircraft Title Service, Inc. assumes no responsibility as to the accuracy of said source, and does not guarantee, insure, or warrant that said FAA index is free of error. Report Date: 02/13/2012 7:29 a.m. Central INSURED AIRCRAFT TITLE SERVICE, INC. By T. Woody TW/th Title Examiner This title search DOES NOT include a search for registrations lodged at the International Registry of Mobile Assets. If this collateral qualifies under the provisions of the Capetown Convention and Aircraft Protocol, a separate search should be obtained. Page 2 of 2 N90IRL Ser. No. 49078 Printed: Feb 13, 2012 3:32 PM EFTA00307719 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. 1 Phone No. For: Insured Aircraft Title Service, Inc. Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. P O BOX 19527 405.68165W OKLAHOMA C1TX OKLAHOMA 73144 TOLL FREE: PHONE 800454-4892 Oklahoma City, OK 73179 RE: N901RL Attn: Joan Roberts FAA Records Search revealed the following TITLE information on the aircraft herein described. Object: Engine Make: Allison Model: 250-C40B Serial No.: 844167 Record Owner: FAA does not register engines by name of owner. Lien status only is subject to recordation. Subject To: NO LIENS OF RECORD This report is subject to the accuracy of the Federal Aviation Administration employees and computers in their record keeping abilities in recordation of liens regarding engines of 550 shp or over. Specifically excluded from this report are liens, security interests, or other encumbrances against engines which are not specifically noted on the engine data cards maintained by the FAA prior to September 1997, and/or on the engine serial number inquiry screen for encumbrances recorded after September 18, 1997. This search is subject to the £dings reflected on the index of collateral provided by the FAA and Insured Aircraft Title Service, Inc. assumes no responsibility as to the accuracy of said source, and does not guarantee, insure, or warrant that said FAA index is free of error. Report Date: 02/13/2012 Page 1 of 2 Engine Ser. No. 844167 Printed: Feb 13, 2012 3:31 PM EFTA00307720 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. Phone No. For: Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. Oklahoma City, OK 73179 Ann: Joan Roberts Insured Aircraft UN Service, Inc. P O. BOX 19527 45643519/383 OKLAHOMA CITY. OKLAHOMA 73144 TOLL FREE: PHONE (100654-4882 RE: N90IRL 7:29 Central INSURED AIRCRAFT TITLE SERVICE, INC. By T. Woody TW/th Title Examiner This title search DOES NOT include a search for registrations lodged at the International Registry of Mobile Assets. If this collateral qualifies under the provisions of the Capetown Convention and Aircraft Protocol, a separate search should be obtained. Page 2 of 2 Engine Ser. No. 844167 Printed: Feb 13, 2012 3:31 PM EFTA00307721 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. Phone No. For: Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. Oklahoma City, OK 73179 Attn: Joan Roberts rn 1 Insured Aircraft Title Service, Inc. P O. 80% 19627 905-6814663 OKLAHOMA cat OKI AROMA 73149 IOU. FREE' PHONE M-654-9852 RE: N90IRL FAA Records Search revealed the following TITLE information on the aircraft herein described. Object: Engine Make: Allison Model: 250-C40B Serial No.: 844169 Record Owner: FAA does not register engines by name of owner. Lien status only is subject to recordation. Subject To: NO LIENS OF RECORD This report is subject to the accuracy of the Federal Aviation Administration employees and computers in their record keeping abilities in recordation of liens regarding engines of 550 shp or over. Specifically excluded from this report are liens, security interests, or other encumbrances against engines which are not specifically noted on the engine data cards maintained by the FAA prior to September 1997, and/or on the engine serial number inquiry screen for encumbrances recorded after September 18, 1997. This search is subject to the filings reflected on the index of collateral provided by the FAA and Insured Aircraft Title Service, Inc. assumes no responsibility as to the accuracy of said source, and does not guarantee, insure, or warrant that said FAA index is free of error. Report Date: 02/13/2012 La:: b less:LL Engine Ser. No. 844169 Printed: Feb 13, 2012 3:31 PM EFTA00307722 0.: P r r [repeated 3 times] / r r / / 1 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH / / Account No. 1 / / l 1 Phone No. 1 1 / / / / / / / / / I / / 1 / / ? I / I / [repeated 7 times] / ? / / 1 / 1 ? / / / / / [repeated 3 times] / / / [repeated 5 times] / / 1 / / / / 1 I 1 / l / / ? / 1 1 / [repeated 3 times] / / / [repeated 6 times] ? / [repeated 4 times] / / 1 / [repeated 3 times] / / Page 2 of 2 Engine Ser. No. 844169 Printed: Feb 13, 2012 3:31 PM ,--, -%,"—, 00.- - •_, OC, COOCCN—'N -- CCCO.— —`,..—C , -- .....--,Th. -- ---Thr..—M—M—M- - Nr•--N-- \--s.--N—M—Th...NON--0...7000.."...\>—ThC0.—^s_—%,..—CN--00.--,..."\--CCO---,-- CN--,— For: Insured Aircraft Title Service, Inc. Escrow Department 4848 S.W. 36th St. Oklahoma City, OK 73179 Ann: Joan Roberts rn Insured Aircraft Title Service, Inc. P O. BOX 19527 105-6B1 4663 OKLAHOMA CITY. OKLAHOMA 19144 TOIL FREE: PHONE 800454-4892 RE: N90IRL 7:29 a Central INSURED AIRCRAFT TITLE SERVICE, INC. By T. Woody TW/th Title Examiner This title search DOES NOT include a search for registrations lodged at the International Registry of Mobile Assets. If this collateral qualifies under the provisions of the Capetown Convention and Aircraft Protocol, a separate search should he obtained. EFTA00307723