AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH

AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. 1 Phone No. For: Insured Aircraft Title Service, Inc. Ei El Insured Aircraft Tdle Service, Inc. Escrow Department P0. BOX 19527 405-6814663 4848 S.W. 36th St. CI El OKLAHOMA CITY, OKLAHOMA 73144 TOU. FREE PHONE 9004544882 Oklahoma City, OK 73179 RE: N/A Attn: Joan Roberts FAA Records Search revealed the following TITLE information on the aircraft herein described. Object: N901RL Make: Bell Model: 430 Serial No.: 49078 Record Owner: Bovale Developments, Inc. - Owner Trustee Address: Suite 400, 2711 Centerville Rd., Wilmington, DE 19808 Type: Corporation Date Registered: 10-5-10 Title: Director Signed By: William P. Merriam Acquired By: Bill of Sale Date: 9.28-10 Date Filed: 10-5-10 Recorded: 10-5-10 FAA Doc. # SH004121 Previous Owner: Bovale Ltd. Address: 4 Bellmont, Shropshire SY11Th United Kingdom Date Registered: 10-5-11 Subject To: NO LIENS OF RECORD Page 1 of 2 N901RL Ser. No. 49078 Printed: Feb 23, 2012 12:06 PM EFTA00307727 AIRCRAFT TITLE REPORT from FAA RECORDS SEARCH Account No. 1 Phone No. For: Insured Aircraft Title Service, Inc. ic A4 Insured Aircraft Title Service, Inc. Escrow Department P O. BOX 19527 4064814663 4848 S.W. 36th St. CI AI OT KLAHLLFREE' P OMA C ITY HO LAHOMA 73144 O OKNE 900454-4&92 Oklahoma City, OK 73179 RE: N/A Attn: Joan Roberts 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/ts 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. This is a revised report. Please disregard original. Yf Page 2 of 2 N901RL Ser. No. 49078 Printed: Feb 23, 201212:06 PM EFTA00307728