EFTA00310215.txt

"Seller agrees to sell, and Purchaser agrees to purchase, the Aircraft for a total purchase price of One Million Five Hundred Eighty Thousand U.S. Doll"

"Seller desires to sell, transfer, and deliver to Purchaser... one Bell 430 helicopter bearing Manufacturer's Serial No. 49078 and U.S. Registration No"

"The Deposit has been wire transferred to the general escrow account of Escrow Agent maintained at International Bank of Commerce"

"Purchaser has placed a deposit of One Hundred Thousand U.S. Dollars (US$100,000.00) (the "Deposit") with Insured Aircraft Title Service, Inc."

"Aircraft Purchase Agreement dated February 28, 2012 by and between Seller [Bovale Developments] and Hyperion Air, Inc."

"Bovale Developments... is the owner of the full legal and beneficial title in and to the Bell 430 helicopter bearing... U.S. Registration No. N90IRL"

"take title of the Aircraft from Seller"

"the records of the FAA then reflect that Seller is the record owner of the Aircraft"

"the invoice from PremiAir Global in the amount of S186,300, which the parties agree will be paid by the Escrow Agent out of the Purchase Price Balance"

"SELLER: BOVALE DEVELOPMENTS, INC., TRUSTEE... Name: John Wright Title: Secretary"

"INSURED AIRCRAFT TITLE SERVICE, INC... Name: Joan Roberts Title: Vice President"

"INSURED AIRCRAFT TITLE SERVICE, INC., hereby acknowledges receipt of the Deposit in the amount of $100,000.00 USD"

"paperwork in Seller's possession relating to the above-described aircraft... HYPERION AIR, INC."

"If to Seller: Bovale Developments, Inc. ... Attention: Terry Guille"

"Bovale Developments, Inc. c/o Heritage Corporate Services Limited"

"The fee of the Escrow Agent... shall be borne equally by Purchaser and Seller"

"The fee of the Escrow Agent... shall be borne equally by Purchaser and Seller"

"the Escrow Agent, as the Professional User Entity for each of Seller and Purchaser"

"the Escrow Agent, as the Professional User Entity for each of Seller and Purchaser"

"c/o Heritage Corporate Services Limited... Attention: Terry Guille"

"If to Purchaser: Hyperion Air, Inc... Attention: Darren K. Indyke"

"Purchaser accepts the Aircraft at... 2012... HYPERION AIR, INC."

"Seller represents and warrants that the only person or entity with whom Seller has any such arrangement [for brokerage fees, finders fees, agent's com"