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:
IlYPERION AIR, LLC
By:
Name: Darren K. Indyke
Title: Authorized Representative
PURCHASER:
INDUSTRIAL INTEG SOLUTIONS,
LLC
By:_e -er
Name: Rich Munkvold
Title: ore2
11
EFTA00022855
CONSENT AND JOINDER:
The undersigned, AIC Title Service, ("Escrow Aunt') does hereby consent to and join in the foregoing Agreement
hereby agreeing to act as Escrow Agent in accordance with the provisions of the Agreement applicable to Escrow Agent
in exchange for an escrow fee of One thousand eight U.S. Dollars (US 5 1,800.00 ).
'Naked
Escrow Agent confirms that the Deposit is being held and at all times shall continue to be held in escrow exclusively with
respect to the sale of the Aircraft by Seller to Purchaser as contemplated by this Agreement and for no other transaction,
person. entity, or purpose. including, without limitation, any planned or subsequent sale of the Aircraft by Purchaser.
Escrow Agent further confirms that any funds constituting the Deposit or the Purchase Price have been or will be deposited
with Escrow Agent from Purchaser's account or, if such funds originate from an account other than in the name of
Purchaser, such funds have been or will be unconditionally and irrevocably assigned by the depositor for use as the
Deposit or the Purchase Price. as applicable, solely in connection with this Agreement.
Escrow Agent's agreement to serve as the "Escrow Agent" is conditioned on the following limitation. Notwithstanding
the provisions contained in Section 12(j) this Agreement or any provision contained in any other agreement between
Purchaser and Seller, the competent courts of the State of Oklahoma or the United States District Court for the Western
District of Oklahoma shall have exclusive jurisdiction to hear all disputes against Escrow Agent and no other courts shall
have any jurisdiction whatsoever in respect of such disputes against Escrow Agent. Should a dispute arise between
Purchaser and Seller relating to any funds or other items which are in the possession of Escrow Agent, Escrow Agent
shall be entitled to interplead any funds or other items in its possession with the competent courts of the State of Oklahoma
or the United States nistrict Court for the Western District of Oklahoma. The foregoing shall not affect the governing
law and jurisdiction provisions contained in Section I 2(j) to the extent that any dispute is between only Purchaser and
Seller and does not involve Escrow Agent in any manner.
Escrow Agent:
AIC Title Service. LLC
By:
Name: Melissa Kobola
Title: Escrow agent
12
EFTA00022856
EXHIBIT A
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
SPECIFICATIONS
2008 KEYSTONE (SIKORSKY) S-76C-H- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
3
EFTA00022857
EXHIBIT A AIRCRAFT SPECIFICATIONS
Total Time: 2,586.2 Landings: 5,357
Engines: (2) Turbomeca Arriel 2s2 Engines
Engine Times: 2,586.2 / 2,586.2 Engine Cycles: 3,755 / 3.782
Stunning New Custom Refurbishment By Eric Roth's INTERNATIONAL JET INTERIORS - 2019
ADSFI-Out Compliant Iridium Phone System
XM Satellite Radio Emergency Flotation System
Enhanced Cabin Soundproofing LED Wash Lighting
Keith Electric Air-Conditioning System Enrolled On Sikorsky Power Assurance Program
Interior — New 2019 Vip Interior - Executive Eight Passenger Interior Features Dual Four Person
Divans. A Fold-Down Center Armrest In The Aft Divan Features A Slide-Out Drawer With XM
Radio Remote. Bose Headset Jacks In Each Seat Location Allows For Intercom, As Well As XM
Radio Entertainment, For All Passengers.
Led Wash Lighting Illuminated Cabin Entry Steps Iridium Phone Handset
(4) 110v Ac Outlets
Overhead Led Reading Lights And Gasper Vents Cabin Controllers In Headliner
Elegant Wood Veneer Side Ledges
(4) 12v Dc Outlets (Cigarette Outlets) Exterior — Stunning Custom Phantom Grey
Avionics: I loneywell Primus 11 Avionics Suite
Air Data Computer: Dual Air Data Computers
Attitude Heading Reference System: Dual I.itef LCR-92s AHRS
Automatic Direction Finder: Single Collins ADF-462 ADF Receiver
Cockpit Voice Recorder: Universal CVR--120
Communications: Dual Collins VHF-22a VHF Radios
Distance Measuring Equipment: Dual Collins Dme-42 DME Transceivers
Electronic Flight Instrumentation System: Honeywell Ed-800 EFIS System
Emergency Locator Transmitter: Artex C406-N ELT With Nav Interface
Flight Control System / Autopilot: Dual Honeywell FZ-706 Flight Control Computers Flight
Management System: Universal Uns-lfw
Global Positioning System: Universal Uns-lfw WAAS/LPV
Multi-Function Display: Garmin Gmx-200 Moving Map And Graphical Weather Display
Navigation: Dual Collins Vir-32 VhfNavigation System
Radio Altimeter: Single Collins Alt-55a Radio Altimeter System
Radio Management Unit: Dual Collins Rtu-4200 Radio Control Heads
Traffic Collision Avoidance System: Bendix King Tpu-66a TCAS 1 Processor Transponder: Dual
Collins Tdr-94d Transponders With Ads-B Out Version 2
Terrain Awareness And Warning System: Honeywell Mark XXII EGPWS
Standby Indicator: Aerosonic Standby Airspeed And Altitude Indicators
Stonnscope: Honeywell Lp-850 Lightning Detection System
14
EFTA00022858
Weather Radar: Honeywell Primus Wu-880 Weather Radar
XM Graphical Weather: Garmin Gdl-69 XM Weather Receiver
Communications - Iridium Phone System Passenger Addressing System
Entertainment - XM Satellite Radio
Additional Features
Dual Retractable Steps Pulse Light System Halogen Search Light
Led Recognition Lights Emergency Flotation System
Dual Crew Flashlights Manual Rotor Brake System Maintenance
& Inspections Sikorsky Power Assurance Program Phone Handset In
Cabin Bose Headset Jacks For Each Seat Location Nose Landing
Gear Doors Led Landing Lights
Upper / Lower Led Anti -Collision Lights Keith Electric Air-Conditioned
Cockpit And Cabin First Aid Kit Heated Windshields / Windshield Wiper
System Tinted Cabin Windows
Maintenance Tracking By Sikorsky lieloTrac
Inspection Status 36 Month C/W June 2019, Fresh Annual Jan 2021
5
EFTA00022859
EXHIBIT A-1
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
Purchaser will purchase the Aircraft in its as-is, where-is condition and subject to the
following matters, for which Seller shall have no responsibility and which Purchaser agrees
do not cause the Aircraft to violate the Delivery Condition provided for in Section 2 (a) of the
Aircraft Purchase Agreement:
1 - Paint tailboom, remove old tail number, and install Decal N Number
This also includes cleaning minor corrosion by lower antennas.
2 - CoPilots EFTS tube needs to be exchanged.
3 - re/wire passenger headsets to communicate with Pilots.
(Previous owner: Aetna Insurance did not want Pilots to hear
Passenger conversation for some reason).
4 - clean up current minor inspections and 60 day future Maintenance.
16
EFTA00022860
EXHIBIT B
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
SCOPE OF PRE-PURCHASE INSPECTION
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
17
EFTA00022861
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
CERTIFICATE OF TECHNICAL ACCEPTANCE
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
18
EFTA00022862
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPEWON AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
Certificate of Technical Acceptance
2008 KEYSTONE (SIKORSKY) S-76C-H- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
Reference is made to the provisions of Sections 30) and (h) of the Aircraft Purchase
Agreement dated April , 2021 (the "Agreement") by and between I IYPERION AIR, LI,C, a U.S.
Virgin Islands limited liability company ("Seller"), and INDUSTRIAL INTEGRITY SOLUTIONS,
LLC, a New Mexico limited liability company, a ("Purchaser"), relating to the purchase
and sale of one used 2008 Keystone (Sikorsky) model S-76C-I— 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"). Capitalized terms used but not otherwise defined in this Certificate shall have the meanings
ascribed to such terms in the Agreement. This is to Certify as follows:
Unconditional Acceptance:
Purchaser hereby certifies that Purchaser has completed its Pit-Purchase Inspection of the
Aircraft in accordance with the provisions of the Agreement on the date written below, and Purchaser
has Technically Accepted the Aircraft in its "as is", "where-is" and "with all faults" condition. The
Deposit has become non-refundable and may be disbursed only as and when provided in the
Agreement. This confirmation constitutes Purchaser's Unconditional Acceptance as provided in
Sections 3(f) and (h) of the Agreement;
Dated:
INDUSTRIAL INTEGRITY SOLUTIONS, LI.0
By:
Name:
Title:
EXHIBIT D
19
EFTA00022863
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
TERMINATION NOTICE
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
Reference is made to the provisions of Sections 3(f) and (g) of the 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"), relating to the purchase and sale 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"). Capitalized terms used but not otherwise defined in this Certificate shall have the meanings
ascribed to such terms in the Agreement.
Purchaser hereby confirms that Purchaser has completed its Pre-Purchase Inspection of the Aircraft
in accordance with the provisions of the Agreement on the date written below, and Purchaser has
rejected the Aircraft. This shall constitute Purchaser's Termination Notice in accordance with
Sections 3(f) and (g) of the Agreement. The Escrow Agent is directed to return the Deposit to
Purchaser, whereupon all further obligations of Seller and Purchaser pursuant to the Agreement shall
cease, except those relating to expenses and confidentiality as provided in Sections 12(n) and (o) of
the Agreement.
Dated:
[NAME OF PURCHASER]
By •
Name:
Title:
EXHIBIT E
TO
20
EFTA00022864
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
WARRANTY BILL OF SALE
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
21
EFTA00022865
WARRANTY BILL OF SALE
Pursuant to 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"), 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+4 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 PIJRCHASER 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 PIJRCHASER. 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,
(III) 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
EFTA00022866
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be executed
by its duly authorized representative, this day of April, 2021.
I IYPERION AIR, LLC
By:
Name:
Title:
Date:
23
EFTA00022867
EXHIBIT F
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
DELIVERY RECEIPT
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
24
EFTA00022868
DELIVERY 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. 1 (MSN 42285TEC): hours/cycles
Engine No. 2 (MSN 42286TEC): hours/cycles
TOTAL LANDINGS AT DELIVERY:
INDUSTRIAL INTEGRITY SOLUTIONS, LLC
By:
Name:
Title:
Date:
25
EFTA00022869
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
EFTA00022870
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: 4...4.A.LITIK.
Name: Darren K. Indyke
Title: Authorized Representative
PURCHASER:
INDUSTRIAL INTEGRITY SOLUTIONS,
LLC
By:
Name: Rich Munkvold
Title: C45"-0
11
EFTA00022871
AIRCRAFT PURCHASE AGREEMENT
THIS AIRCRAFT PURCHASE AGREEMENT (this "Agreement") is entered into as
of April /,‘ 2021, by and between HYPERION AIR, LLC, a U.S. Virgin Islands limited liability
company, whose address is 9053 Estate Thomas, Suite 101, St. Thomas, U.S. Virgin Islands
("Seller"), and
oomm gii ri mSolSt
Industril i Ime iLls i•
o limiility
i i liSiliab
..CaNw company, whose
address is ("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 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").
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
EFTA00022872
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, (0 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 Inspection.
(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 of Purchaser and at
Purchaser's sole cost and expense in order to determine whether or not the Aircraft conforms to the
Delivery Condition as provided in Section 2 of this Agreement.
(c) Purchaser shall cause the Pre-Purchase Inspection to be commenced at the
Inspection Facility as soon as is reasonably practicable after the parties execute this Agreement, but
in any event by no later than five (5) days after such execution
(d) The scope and duration of the Pre-Purchase Inspection shall be as provided on
Exhibit B hereto, incorporated by this reference as if fully provided herein.
(e) During the Pre-Purchase Inspection, Purchaser shall be entitled, to conduct an
initial flight test of no more than sixty (60) minutes in duration to be flown by the Seller's pilots with
2
EFTA00022873
up to three (3) representatives of Purchaser accompanying the flight. All procedures to be adopted
during such flight test shall be those that are reasonably requested by the Purchaser and agreed to by
Seller prior to the commencement of such flight test or, if arising out of a condition or circumstance
occurring during said flight test, those that may be reasonably requested by the Purchaser and agreed
to by Seller during said flight test, subject, however, at all times to the discretion of the chief pilot
who shall have absolute operational discretion and control over the Aircraft.
(f) Purchaser shall, in its sole discretion, accept or reject the Aircraft by not later
than five (5) business days following the completion of the Pre-Purchase Inspection and the issuance
of a written inspection report from the Purchaser's agent (the "Inspection Report"), copies of which
shall be made available to the Seller. Any difference, discrepancy or defect in the Aircraft from any
of the Delivery Condition requirements in Section 2 hereof that cause the Aircraft not to be in
airworthy condition is referred to in this Agreement as a "Discrepancy". The Inspection Report shall
note thereon each Discrepancy, if any, found during the Pre-Purchase Inspection (including, without
limitation, during the test flight) and include written estimates of the costs to repair each Discrepancy
so noted. At Purchaser's discretion, Purchaser shall accept the Aircraft in its "as-is", "where-is" and
"with all faults" condition ("Unconditional Acceptance"), or reject the Aircraft ("Rejection").
Purchaser's Unconditional Acceptance of the Aircraft shall be evidenced by Purchaser's issuance to
Seller, with a copy to the Escrow Agent, of a Certificate of Technical Acceptance in the form of
Exhibt C attached hereto (the "Certificate of Technical Acceptance"). If there are one or more
Discrepancies which cause Purchaser in its discretion to issue a Rejection, then, within such three (3)
business day period, Purchaser shall deliver to Seller, with a copy to the Escrow Agent, written notice
of Purchaser's termination of this Agreement in the form of Exhibit D hereof (a "Termination
Notice").
(g) If Purchaser timely issues a Termination Notice in accordance with Section
3(f), the Escrow Agent shall refund the Deposit to Purchaser, whereupon all further obligations of
Seller and Purchaser pursuant to this Agreement shall cease, except those relating to expenses and
confidentiality as provided in Sections 12(n) and (o) hereof.
(h) If Purchaser issues a Certificate of Technical Acceptance indicating
Purchaser's Unconditional Acceptance of the Aircraft, Purchaser shall wire transfer the Purchase
Price Balance to Escrow Agent as provided in Section 1 hereof, and the parties shall proceed with
Closing as hereinafter provided.
4. Closing and Delivery.
(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 three (3) business days 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 (iv) 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 April 20, 2021 (the "Closing Date").
Seller and Purchaser hereby acknowledge that the passing of title, possession and delivery of the
3
EFTA00022874
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 in flying the Aircraft from the Inspection Facility to the Closing Place
shall be the sole responsibility of and paid for by Purchaser.
(b) At least 5 days prior to Closing Escrow Agent shall search FAA records and
verify aircraft title is free and clear of all recorded liens, claims and encumbrances.
(c) Prior to the Closing, the following deliveries shall be made to the Escrow
Agent by the responsible party indicated:
(i) At least two (2) days prior to the Closing Date, Seller shall deliver the
following to Escrow Agent:
(A) A Warranty Bill of Sale in the form attached hereto as Exhibit E
transferring title to the Aircraft to Purchaser duly executed by an authorized
representative or the manager of Seller, with his or her title shown, but undated
(the "Warranty Bill of Sale"); and
(B) An FAA Form Bill of Sale AC 8050-2 in proper form for
recordation at the FAA Civil Aircraft Registry to transfer title to the Aircraft
to Purchaser duly executed by an authorized representative or the manager of
Seller, with his or her title shown, but undated ("FAA Bill of Sale").
(ii) Purchaser shall:
(A) On or before the Closing Date but prior to Closing, wire transfer
the Purchase Price Balance into the Special Escrow Account of the Escrow
Agent; and
(B) At least two (2) days prior to the Closing Date, deliver to the
Escrow Agent an Application for Aircraft Registration (AC Form 8050-1) for
the Aircraft duly executed by an authorized representative or the manager of
Purchaser, but undated (the "Application for Registration").
The documents described in subparagraphs (i) and (ii) of this Section 4(b) are
hereinafter referred to collectively as the "Escrow Documents".
(d) Prior to the Closing Date, each of Seller, Purchaser and the Escrow Agent shall
notify each of the others in writing (either by correspondence, fax or e-mail) of the name or names
and telephone number of each representative of the respective parties which is to participate in the
conference call to be conducted in connection with the Closing (hereinafter the "Closing Conference
Call"). The Closing Conference Call shall be originated by Purchaser on the Closing Date on or
about 10:00 a.m., U.S. Central Daylight Time, so as to complete the Closing, including the filing of
the Escrow Documents with the FAA Registry in Oklahoma City, Oklahoma, prior to the closing of
that office on the Closing Date.
4
EFTA00022875
(e) At the Closing, and after the representatives of each of Seller, Purchaser and
the Escrow Agent have announced their respective attendance on the Closing Conference Call, then
the following shall occur:
(i) If (A) the records of the FAA then reflect that Seller is the record owner
of the airframe of the Aircraft and that said airframe and the two (2)
engines of the Aircraft are free and clear of all recorded liens, claims
and encumbrances, and (B) the Escrow Agent has not otherwise
received notice of any other lien, claim or encumbrance asserted by any
third party with respect to the Aircraft, then the Escrow Agent shall so
advise the participants on the Closing Conference Call and then, but
only then, the Escrow Agent shall immediately wire the Purchase Price
to Seller in accordance with wire transfer instructions which shall be
provided to the Escrow Agent by Seller prior to the Closing Date, and
simultaneously file with the FAA Registry for recordation, the FAA
Bill of Sale, the Application for Registration and any other necessary
Escrow Documents and, upon such filings being accomplished, shall
then notify each of the participants on the Closing Conference Call of
the time of filing of each such Escrow Documents. If the records of
the FAA reflect there to be any lien on the Aircraft or Engines, this
purchase agreement will be terminated, and the Escrow Agent shall
refund the Deposit to Purchaser, whereupon all further obligations of
Seller and Purchaser pursuant to this Agreement shall cease, except
those relating to expenses and confidentiality as provided in Sections
12(n) and (o) hereof.
(ii) Immediately following the above, the following shall occur at the
Closing Place:
(A) Seller's representative shall deliver possession of the Aircraft to
Purchaser; and
(B) Purchaser shall execute and deliver to Seller a Delivery Receipt
in the form attached hereto as Exhibit F.
(f) Following completion of the Closing as prescribed above, the Escrow Agent
shall mail the Warranty Bill of Sale to the address specified by Purchaser.
(g) If all of the conditions and requirements specified in this Section 4 are not
satisfied on or before the Closing Date (or such later date as Seller and Purchaser may agree upon in
writing and provide to the Escrow Agent), then subject to the provisions of Section 9 hereof, with
which the Escrow Agent shall comply, the Escrow Agent shall do the following:
(i) the Escrow Agent shall retain the Escrow Documents and the Purchase Price
in escrow until Seller and Purchaser furnish the Escrow Agent with a written agreement which gives
the Escrow Agent instructions for payment of said funds and release of the Escrow Documents, or, if
the Escrow Agent is not furnished with such a written agreement, the Escrow Agent shall retain the
Purchase Price and the Escrow Documents in escrow until the Escrow Agent is ordered to pay said
5
EFTA00022876
funds and release the Escrow Documents in accordance with the final order of a court of competent
jurisdiction.
5. Fee of Escrow Agent. The fee of the Escrow Agent (which fee also includes
any out-of-pocket expenses incurred by the Escrow Agent) for performing its duties specified herein
shall be paid by each of Purchaser and Seller in equal portions. Their respective portions of said fee
shall be paid by them to the Escrow Agent as and when required by the Escrow Agent. In addition
to its duties specified above, the duties of the Escrow Agent shall also include delivering a written
preliminary title and lien report with respect to the Aircraft, and also a written post-closing title and
lien report with respect to the same to each of Purchaser and Seller.
6. Taxes. Purchaser shall be responsible for and shall pay, or reimburse Seller
for, any and all sales, excise, gross receipts, use, personal property, transfer or similar taxes,
assessments or duties including interest or penalties imposed thereon and any costs incurred in
defense of the nonpayment thereof, including reasonable attorney's fees and expenses, arising out of,
or incurred in connection with, the sale and delivery of the Aircraft to Purchaser or the use, ownership,
possession, maintenance or operation of the Aircraft after the Closing, but specifically excluding any
income, capital gains or other similar taxes based on the income of Seller or personal property or
other similar taxes assessed or based upon Seller's ownership or use of the Aircraft prior to the Closing
(which shall be Seller's responsibility). Each party hereto will be responsible for researching its own
tax position in relation to the transactions contemplated hereby, and neither shall be deemed to have
relied on any advice provided by the other party or such party's advisors and tax professionals. The
provisions of this Section 6 shall survive Closing. The Parties have agreed that the Closing Place will
be at Fort Lauderdale Executive Airport KFXE, Florida. Purchaser will provide Seller with
completed Form GT-500002 to qualify for the fly-away sales tax exemption in the state of Florida
and will fully comply with all requirements of Florida's fly-away sales tax exemption. Provided that
Purchaser delivers this notarized form to Seller and fully complies with such requirements, Purchaser
will not be required to pay any sales taxes resulting from this transaction.
7. (a) Seller's Representations and Warranties. Seller hereby represents and
warrants to Purchaser the following:
(i) Seller has good and marketable title to the Aircraft and on the
Closing Date Seller will convey to Purchaser good and marketable title to the Aircraft free and clear
of any and all leases, liens, claims, rights to purchase and encumbrances of any kind or nature.
(ii) Seller is a limited liability company duly organized, validly
existing, and in good standing under the laws of the United States Virgin Islands. Seller has full
corporate power and authority to enter into this Agreement and the documents to be delivered
hereunder, to carry out its obligations hereunder, and to consummate the transaction contemplated
thereby. The execution, delivery and performance by Seller of this Agreement and the documents to
be delivered hereunder and the consummation of the transactions contemplated hereby have been
duly authorized by all requisite corporate action on the part of Seller.
(iii) No broker, finder or investment banker will be entitled to any
brokerage, finder's or other fee or commission in connection with the transactions contemplated by
this Agreement based upon arrangements made by or on behalf of Seller; provided, however, that
Equus Global Aviation has been engaged by Seller as a broker for the Aircraft pursuant to a separate
6
EFTA00022877
agreement between Seller and said broker which governs the terms and conditions upon which any
compensation may be due from Seller to said broker upon the sale of the Aircraft, and Purchaser shall
not be responsible for any such compensation pursuant to such agreement.
(a) Purchaser's Representations and Warranties. Purchaser hereby
represents and warrants to Seller the following:
(i) Purchaser is a limited liability company duly organized, validly
existing, and in good standing under the laws of New Mexico. Purchaser has full corporate power
and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out
its obligations hereunder, and to consummate the transaction contemplated thereby. The execution,
delivery and performance by Purchaser of this Agreement and the documents to be delivered
hereunder and the consummation of the transactions contemplated hereby have been duly authorized
by all requisite corporate action on the part of Purchaser.
(ii) No broker, finder or investment banker is entitled to any
brokerage, finder's or other fee or commission in connection with the transactions contemplated by
this Agreement based upon arrangements made by or on behalf of Purchaser.
8. LIMITATION OF WARRANTIES. EXCEPT FOR THE
REPRESENTATIONS AND WARRANTIES OF SELLER EXPRESSLY SET FORTH IN
SECTION 7 HEREOF OR IN THE WARRANTY BILL OF SALE (THE "EXPRESS CONTRACT
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 CONTRACT
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;
(III) 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.
IN NO EVENT SHALL EITHER PARTY HERETO BE LIABLE FOR ANY SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND.
9. Purchaser's Breach and Remedies.
(a) Failure by Purchaser to pay the Purchase Price at Closing in accordance with
this Agreement, to deliver any Closing documents required by this Agreement, or any other failure or
refusal by Purchaser to perform any of its obligations under this Agreement, or any material
misrepresentation by Purchaser pursuant to this Agreement, shall, upon the actual or offered
performance by Seller of all its obligations, and the failure by Purchaser to cure such failure within
seven (7) days after Seller gives Purchaser notice of such failure, constitute a breach of this Agreement
7
EFTA00022878
by Purchaser. Except as otherwise provided, the parties hereto expressly agree that in the event of
such breach as a result of which the Closing does not take place, the Deposit shall be forfeited by
Purchaser, and the Deposit shall be distributed by the Escrow Agent to Seller as liquidated damages
and as its sole and exclusive remedy, all other remedies in such event, including but not limited to
incidental and consequential damages, being hereby waived by Seller. The limitation of Seller's
remedies as set forth in this Section 9(a) shall not be construed to limit or otherwise adversely affect
Seller's post-closing remedies should the Closing occur, for breach of any express warranties by
Purchaser set forth in this Agreement or the breach of any post-closing obligations of Purchaser set
forth in this Agreement.
(b) If either party hereto commences a legal proceeding to enforce any of the
provisions of this Agreement, the prevailing party in such action shall also have the right to recover
reasonable attorneys' fees and costs from the other party to be fixed by the court in that same legal
proceeding, notwithstanding any limiting provisions contained in Section 9(a) above.
10. Seller's Indemnification Regarding Title. Seller hereby agrees to defend,
indemnify, and hold harmless Purchaser, its members, managers, officers, employees, agents,
representatives, successors, and assigns, from and against any and all losses, liabilities, expenses,
charges, fees, claims, causes of action, damages, obligation, judgments, and other costs, including but
not limited to, reasonable attorneys' fees, arising out of or resulting Purchaser having to defend
against a challenge by any third party to Purchaser's interest in the Aircraft.
11. Performance. Force Maieure and Risk of Loss. Notwithstanding anything to the
contrary, the following shall apply:
(a) In the event that the Aircraft is destroyed or damaged prior to the Closing Date,
this Agreement may be terminated in its entirety by either party without liability to the other party,
except that the Purchase Price and the Application for Registration, if already delivered to the Escrow
Agent, shall be promptly returned to Purchaser, and the FAA Bill of Sale and the Warranty Bill of
Sale, if already delivered to the Escrow Agent, shall be promptly returned to Seller.
(b) Neither Seller nor Purchaser shall be responsible for any delay beyond the
Closing Date due to any cause beyond its control, including but not limited to the following causes:
civil wars, insurrections, strikes, riots, fires, floods, explosions, earthquakes, any act of government
or governmental priorities, allocations, regulation, orders affecting materials, act of God, act of the
public enemy, failure of transportation, epidemics, or labor trouble causing slowdown or interruption
of work.
(c) Exclusive care, custody and control of the Aircraft and all risks of loss, damage
or destruction to the Aircraft from any cause whatsoever, including but without limiting the generality
of the foregoing, risks of damage to or loss or destruction of the Aircraft and liability to third parties
for property damages, personal injury or death, shall pass to and be assumed by Purchaser upon the
filing of the FAA Bill of Sale with the FAA and delivery of the Aircraft to Purchaser in accordance
with the provisions of this Agreement. Upon delivery of the Aircraft to Purchaser hereunder, Seller
disclaims and shall be fully relieved of, and Purchaser shall assume and, effective as of the completion
of the Closing, hereby assumes, all responsibility in connection with, the Aircraft and all risks incident
to ownership, maintenance, repair, use and modification thereof. Upon such delivery, Purchaser
hereby indemnifies and holds harmless Seller, its managers, members, employees and agents from
8
EFTA00022879
and against any and all liability arising out of the care, custody, use and/or control of the Aircraft at
all times from and after such delivery. The provisions of this Section 11(c) shall survive the Closing.
12. Other Matters.
(a) Each party hereto agrees to execute and deliver such additional documents and
take such further actions as may be reasonably requested by the other party hereto to fully effectuate
and carry out the purposes of this Agreement.
(b) Except as expressly provided herein, the provisions of this Agreement which
by their terms are to be performed and observed after the Closing, and the several representations,
warranties and agreements of the parties herein contained, shall survive the Closing.
(c) This Agreement sets forth the entire understanding of the parties hereto with
respect to the subject matter hereof and supersedes any and all prior agreements, arrangements and
understandings relating to the subject matter hereof. No representation, promise, inducement or
statement of intention has been made by either party which is not embodied in this Agreement, and
neither party shall be bound by, or be liable for, any alleged representation, promise, inducement, or
statement of intention not embodied herein.
(d) This Agreement may be executed in one or more counterparts, and all such
counterparts shall constitute one and the same instrument.
(e) No modification or amendment of this Agreement shall be binding unless it is
in writing and signed by each of the parties hereto.
(0 All notices required or permitted hereunder shall be in writing and, except as
may otherwise be provided herein, shall be deemed to be given when delivered personally, or within
three (3) business days after mailing, if mailed by registered or certified mail, return receipt requested,
postage prepaid, or on the date of transmission, if sent by facsimile or e-mail (and written
confirmation of transmission is provided), addressed to the other party for whom it is intended at the
address, facsimile number, or email address set forth below, or to such other address as hereafter may
be designated in writing by either party hereto to the other party hereto:
If to Seller:
HYPERION AIR, LLC
cl In
Fax:
Email:
If to Purchaser:
S, LLC
9
EFTA00022880
Email:
(g) Any signatures on this Agreement may be transmitted via facsimile or e-mail
(in pdf format), which signatures shall be deemed originals for all purposes if transmitted in
accordance with Section 12(t) above.
(h) Neither any failure nor any delay on the part of either party hereto in exercising
any right hereunder shall operate as a waiver thereof, nor shall any single or partial waiver or exercise
of any right hereunder preclude any other future single or partial waiver or exercise of any right
hereunder. No waiver hereof shall be effective unless it is writing signed by the party hereto to be
charged with the same and then it shall only be effective as to the specific matter and in the specific
instance stated in such writing.
(i) The descriptive headings of the several sections of this Agreement are inserted
for convenience only and do not constitute a part of this Agreement.
(j) This Agreement shall be construed and enforced in accordance with the laws
of the U.S. Virgin Islands, excluding its conflicts of laws rules, and, to the extent applicable, the laws
of the United States of America.
(k) If any clause, provision or section of this Agreement is found by any court of
competent jurisdiction to be invalid or unenforceable for any reason whatsoever, such invalidity or
unenforceability shall not in itself affect the remaining clauses, provisions and sections hereof, so
long as the rights or obligations of the parties hereto shall not be materially and adversely affected
thereby.
(1) All payments provided for in this Agreement are to be made in United States
Dollars.
(m) Purchaser and Seller (for purposes of this clause, the "Indemnifying Party")
each agree to indemnify and hold the other harmless in respect of any claims for brokerage fees,
finders fees, agent's commissions or other similar payments or forms of compensation which may be
made against the other party as a result of any contracts, understandings, arrangements, agreements
or other actions of the Indemnifying Party in connection with the purchase or sale of the Aircraft.
(n) Except as otherwise expressly provided in this Agreement, each of Seller and
Purchaser shall bear its own costs and expenses (including, but not limited to, the fees of its legal and
tax advisors), incurred in the drafting and the negotiation of this Agreement and in connection with
the Closing.
(o) Each of the parties hereto agree that the terms and provisions of this
Agreement, including, but not limited to, the fact that discussions and negotiations have been
conducted by the parties hereto, shall be deemed to be strictly confidential and shall not be disclosed
to any third parties other than the parties respective employees, attorneys, accountants, tax advisors
or other representatives for the purposes of effectuating the purchase and sale of the Aircraft
contemplated by this Agreement, and except as may be required in connection with any aapllicable
10
EFTA00022881
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:
INTEL
INDUSTRIAL _.....c SOLUTIONS,
LLC
By:_e -er
Name: Rich Munkvold
Title: &Iv
11
EFTA00022882
CONSENT AND JOINDER:
The undersigned, AIC Title Service, LLC, ("Escrow Agent") does hereby consent to and join in the foregoing Agreement
hereby agreeing to act as Escrow Agent in accordance with the provisions of the Agreement applicable to Escrow Agent
in exchange for an escrow fee of U.S. Dollars (US S ).
Escrow Agent confirms that the Deposit is being held and at all times shall continue to be held in escrow exclusively with
respect to the sale of the Aircraft by Seller to Purchaser as contemplated by this Agreement and for no other transaction,
person, entity, or purpose, including, without limitation, any planned or subsequent sale of the Aircraft by Purchaser.
Escrow Agent further confirms that any funds constituting the Deposit or the Purchase Price have been or will be deposited
with Escrow Agent from Purchaser's account or, if such funds originate from an account other than in the name of
Purchaser, such funds have been or will be unconditionally and irrevocably assigned by the depositor for use as the
Deposit or the Purchase Price, as applicable, solely in connection with this Agreement.
Escrow Agent's agreement to serve as the "Escrow Agent" is conditioned on the following limitation. Notwithstanding
the provisions contained in Section I2(j) this Agreement or any provision contained in any other agreement between
Purchaser and Seller, the competent courts of the State of Oklahoma or the United States District Court for the Western
District of Oklahoma shall have exclusive jurisdiction to hear all disputes against Escrow Agent and no other courts shall
have any jurisdiction whatsoever in respect of such disputes against Escrow Agent. Should a dispute arise between
Purchaser and Seller relating to any funds or other items which are in the possession of Escrow Agent, Escrow Agent
shall be entitled to interplead any funds or other items in its pocqnsion with the competent courts of the State of Oklahoma
or the United States District Court for the Western District of Oklahoma. The foregoing shall not affect the governing
law and jurisdiction provisions contained in Section I2(j) to the extent that any dispute is between only Purchaser and
Seller and does not involve Escrow Agent in any manner.
Escrow Agent:
AIC Title Service, LLC
By:
Name:
Title:
12
EFTA00022883
EXHIBIT A
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
SPECIFICATIONS
2008 KEYSTONE (SIKORSKY) S-76C4-i- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(Sec Attached)
3
EFTA00022884
EXHIBIT A AIRCRAFT SPECIFICATIONS
Total Time: 2,586.2 Landings: 5,357
Engines: (2) Turbomeca Arriel 2s2 Engines
Engine Times: 2,586.2 / 2,586.2 Engine Cycles: 3,755 / 3,782
Stunning New Custom Refurbishment By Eric Roth's INTERNATIONAL JET INTERIORS - 2019
ADSB-Out Compliant Iridium Phone System
XM Satellite Radio Emergency Flotation System
Enhanced Cabin Soundproofing LED Wash Lighting
Keith Electric Air-Conditioning System Enrolled On Sikorsky Power Assurance Program
Interior — New 2019 Vip Interior - Executive Eight Passenger Interior Features Dual Four Person
Divans. A Fold-Down Center Armrest In The Aft Divan Features A Slide-Out Drawer With XM
Radio Remote. Bose Headset Jacks In Each Seat Location Allows For Intercom, As Well As XM
Radio Entertainment, For All Passengers.
Led Wash Lighting Illuminated Cabin Entry Steps Iridium Phone Handset
(4) 110v Ac Outlets
Overhead Led Reading Lights And Gasper Vents Cabin Controllers In Headliner
Elegant Wood Veneer Side Ledges
(4) 12v Dc Outlets (Cigarette Outlets) Exterior — Stunning Custom Phantom Grey
Avionics: Honeywell Primus II Avionics Suite
Air Data Computer: Dual Air Data Computers
Attitude Heading Reference System: Dual Litef LCR-92s AFIRS
Automatic Direction Finder: Single Collins ADF-462 ADF Receiver
Cockpit Voice Recorder: Universal CVR--120
Communications: Dual Collins VHF-22a VHF Radios
Distance Measuring Equipment: Dual Collins Dme-42 DME Transceivers
Electronic Flight Instrumentation System: Honeywell Ed-800 EFIS System
Emergency Locator Transmitter: Artex C406-N ELT With Nav Interface
Flight Control System / Autopilot: Dual Honeywell FZ-706 Flight Control Computers Flight
Management System: Universal Uns-1 fw
Global Positioning System: Universal Uns-lfw WAAS/LPV
Multi-Function Display: Garmin Gmx-200 Moving Map And Graphical Weather Display
Navigation: Dual Collins Vir-32 Vhf Navigation System
Radio Altimeter: Single Collins Alt-55a Radio Altimeter System
Radio Management Unit: Dual Collins Rtu-4200 Radio Control Heads
Traffic Collision Avoidance System: Bendix King Tpu-66a TCAS 1 Processor Transponder: Dual
Collins Tdr-94d Transponders With Ads-B Out Version 2
Terrain Awareness And Warning System: Honeywell Mark XXII EGPWS
Standby Indicator: Aerosonic Standby Airspeed And Altitude Indicators
Stormscope: Honeywell Lp-850 Lightning Detection System
14
EFTA00022885
Weather Radar: Honeywell Primus Wu-880 Weather Radar
XM Graphical Weather: Garmin Gdl-69 XM Weather Receiver
Communications - Iridium Phone System Passenger Addressing System
Entertainment - XM Satellite Radio
Additional Features
Dual Retractable Steps Pulse Light System Halogen Search Light
Led Recognition Lights Emergency Flotation System
Dual Crew Flashlights Manual Rotor Brake System Maintenance
& Inspections Sikorsky Power Assurance Program Phone Handset In
Cabin Bose Headset Jacks For Each Seat Location Nose Landing
Gear Doors Led Landing Lights
Upper / Lower Led Anti-Collision Lights Keith Electric Air-Conditioned
Cockpit And Cabin First Aid Kit Heated Windshields / Windshield Wiper
System Tinted Cabin Windows
Maintenance Tracking By Sikorsky HeloTrac
Inspection Status 36 Month C/W June 2019, Fresh Annual Jan 2021
15
EFTA00022886
EXHIBIT A-1
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
Purchaser will purchase the Aircraft in its as-is, where-is condition and subject to the
following matters, for which Seller shall have no responsibility and which Purchaser agrees
do not cause the Aircraft to violate the Delivery Condition provided for in Section 2 (a) of the
Aircraft Purchase Agreement:
1 - Paint tailboom, remove old tail number, and install Decal N Number
This also includes cleaning minor corrosion by lower antennas.
2 - CoPilots EFIS tube needs to be exchanged.
3 - re/wire passenger headsets to communicate with Pilots.
(Previous owner Aetna Insurance did not want Pilots to hear
Passenger conversation for some reason).
4 - clean up current minor inspections and 60 day future Maintenance.
6
EFTA00022887
EXHIBIT B
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
SCOPE OF PRE-PURCHASE INSPECTION
2008 KEYSTONE (SIKORSKY) S-76C-I-I- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
17
EFTA00022888
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
CERTIFICATE OF TECHNICAL ACCEPTANCE
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
18
EFTA00022889
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
Certificate of Technical Acceptance
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
Reference is made to the provisions of Sections 3(f) and (h) of the 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, a ("Purchaser"), relating to the purchase
and sale of one used 2008 Keystone (Sikorsky) model S-76O1+ 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"). Capitalized terms used but not otherwise defined in this Certificate shall have the meanings
ascribed to such terms in the Agreement. This is to Certify as follows:
Unconditional Acceptance:
Purchaser hereby certifies that Purchaser has completed its Pre-Purchase Inspection of the
Aircraft in accordance with the provisions of the Agreement on the date written below, and Purchaser
has Technically Accepted the Aircraft in its "as is", "where-is" and "with all faults" condition. The
Deposit has become non-refundable and may be disbursed only as and when provided in the
Agreement. This confirmation constitutes Purchaser's Unconditional Acceptance as provided in
Sections 3(f) and (h) of the Agreement;
Dated:
INDUSTRIAL INTEGRITY SOLUTIONS, LLC
By:
Name:
Title:
EXHIBIT D
19
EFTA00022890
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
TERMINATION NOTICE
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
Reference is made to the provisions of Sections 3(f) and (g) of the 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"), relating to the purchase and sale 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"). Capitalized tams used but not otherwise defined in this Certificate shall have the meanings
ascribed to such terms in the Agreement.
Purchaser hereby confirms that Purchaser has completed its Pre-Purchase Inspection of the Aircraft
in accordance with the provisions of the Agreement on the date written below, and Purchaser has
rejected the Aiitaaft. This shall constitute Purchaser's Termination Notice in accordance with
Sections 3(f) and (g) of the Agreement. The Escrow Agent is directed to return the Deposit to
Purchaser, whereupon all further obligations of Seller and Purchaser pursuant to the Agreement shall
cease, except those relating to expenses and confidentiality as provided in Sections 12(n) and (o) of
the Agreement.
Dated:
[NAME OF PURCHASER]
By:
Name:
Title:
EXHIBIT E
TO
20
EFTA00022891
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
WARRANTY BILL OF SALE
2008 KEYSTONE (SIKORSKY) S-76C-H- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(See Attached)
21
EFTA00022892
WARRANTY BILL OF SALE
Pursuant to 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"), 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,
(III) 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
EFTA00022893
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be executed
by its duly authorized representative, this day of April, 2021.
HYPERION AIR, LLC
By:
Name:
Title:
Date:
23
EFTA00022894
EXHIBIT F
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LLC AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
DELIVERY RECEIPT
2008 KEYSTONE (SIKORSKY) S-76C-H- HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722JE
(Sec Attached)
24
EFTA00022895
DELIVERY 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,
fiunishings 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
EFTA00022896
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
EFTA00022897
EXHIBIT C
TO
AIRCRAFT PURCHASE AGREEMENT
BY AND BETWEEN HYPERION AIR, LW AND INDUSTRIAL INTEGRITY SOLUTIONS, LLC
Certificate of Technical Acceptance
2008 KEYSTONE (SIKORSKY) S-76C++ HELICOPTER
Manufacturer's Serial No. 760750
U.S. Registration No. N722.11
Reference is made to the provisions of Sections 3(f) and (h) of the Aircraft Purchase
Agreement dated April 14, 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"), relating to the purchase and sale 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 N722.1E, 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"). Capitalized terms used but not otherwise defined in this Certificate shall have the meanings
ascribed to such terms in the Agreement. This is to Certify as follows:
Unconditional Acceptance:
Purchaser hereby certifies that Purchaser has completed its Pre-Purchase Inspection of the
Aircraft in accordance with the provisions of the Agreement on the date written below, and Purchaser
has Technically Accepted the Aircraft in its "as is", "where-is" and "with all faults" condition. The
Deposit has become non-refundable and may be disbursed only as and when provided in the
Agreement. This confirmation constitutes Purchaser's Unconditional Acceptance as provided in
Sections 3(f) and (h) of the Agreement;
Dated:
INDUSTRIAL INTEGR LUTIONS, LLC
Name: lama filmacon.a
Title: Coro
19
EFTA00022898
FIRST AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This FIRST AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT (this
"Amendment") is made and entered into as of the 201h 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 Agreeement by and between Seller and
Purchaser entered into as of April 16, 2021 (the "Agreeement") 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:
1. 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 Agreeement shall remain unchanged,
valid and in full force and effect.
EFTA00022899
3. This Amendment may be fully 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:
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, LLC
By:
Print: Rick Munkvold
Title: Chief Financial Officer
2
EFTA00022900
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 04/21/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 07:45
Page 1 of 1
Name : HYPERION AIR LLC Total Names: 1
Name Range 1 thru 1
PKT Name Type Eff Date Trans Status WIP
1. HYPERION AIR LLC (VI) GRANTOR 10/19/12 LLC ACCEPT
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN PREV
EFTA00022901
ARAUTP22 AIRCRAFT REGISTRATION SYSTEM 04/21/21
ARAUTM30 LIMITED LIABILITY INQUIRY 07:45
Phase
Name : HYPERION AIR LLC (VI)
Effective Date : 10/19/2012
Expire Date
Limit/Restrictions :
Authorized Signer
1. MANAGER
2.
3.
4.
Accept Date : 09/06/2013
Accepting Examiner : Crystal Kelley
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
OPT MAIN PREV
EFTA00022902
ARAUTS03 AIRCRAFT REGISTRATION SYSTEM 04/21/21
ARAUTM83 AUTHORIZATION IMAGE INQUIRY 07:45
Page 1 of 1
Status : ACCEPT
Document Description Paper Document Date
1. POWER OF ATTORNEY YES 08/13/2013
2.
3.
4.
5.
6.
7.
8.
9.
10.
WINDOW 1 :
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
PRINT MAIN BATCH PREV
EFTA00022903
C
TITLE SERVICE
At a Glance - Summary Report
Registration Number: N722JE
Present Registered Owner
Hyperion Air LLC
6100 Red Hook Quarter B3, St. Thomas, U.S. Virgin Islands 00802
No Liens / Encumbrances (0) 8 (Open all)
'" Airframe (KEYSTONE HELICOPTER, S-76C, 760750) s,
Make Model Serial No
KEYSTONE HELICOPTER S- i6C 760750
LIEN STATUS
No Liens of Record
Engine (TURBOMECA S.A., ARRIEL 252, 42286TEC) N.0
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 42286TEC
LIEN STATUS
No Record Found - Engine
Engine (TURBOMECA S.A., ARRIEL 252, 42285TE) N,
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 z1228S1E
LIEN STATUS
No Record Found - Engine
EFTA00022904
ATTACHED DOCUMENT
D FAA 337's — Airworthiness 4
International Registry Airframe & Engine Lien Search v
Airframe (KEYSTONE HELICOPTER, S-76C, 760750)
Aircraft Object has been searched at the International Registry as SIKORSKY, model 5-76, SN: 760750, which description matches the current
Manufacturer's List. Priority Search Certificate Number 1492287, created on 21 Apr 2021 at 14:53:48 GMT, reflects no undischarged
registrations and the below-described sale(s).
No Liens of Record
Sale File #: 732496
Date: 26 Jul 2011 Time (GMT): 18:01:37
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer. ASI Wings, LLC
Sale File #: 1644795
Date: 13 Jun 2019 Time (GMT): 16:0101
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer. Hyperion Air, LLC
IR Priority Search• - Engine (TURBOMECA S.A., ARRIEL 252, 42285TE)
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: 149228a created on 21 Apr 2021 at 14:53:48 GMT, reflects no
undischarged registrations and the below-described sale(s).
No Liens of Record
Sale File #: 732506
Date: 26 Jul 2011 Time (GMT): 18:06:15
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer. ASI Wings, LLC
Sale File #: 1644797
Date: 13 Jun 2019 Time (GMT): 16:17:01
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
Pa,,c 2 of 3
EFTA00022905
IR Priority Search* - Engine (TURBOMECA S.A., ARRIEL 2S2, 42286TEC)
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 sale(s).
No Liens of Record
Sale File #: 732512
Date: 26 Jul 2011 Time (GMT): 18:11:56
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644796
Date: 13 Jun 2019 Time (GMT): 16:03:04
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
Detailed ReportW
E. FAA and Internationa ' egishy • i rame Lien Search (S-76C, 760750)
FAA And International Research Engine Lien Search (ARRIEL 252, 42286TEC)
E FAA And International Research Engine Lien Search (ARRIEL 2S2, 42285TE)
ATTACHED LLC DOCUMENT
r) HYPERION AIR LLC
FOR: AK Title Service, LLC
Order#: 152973 Registration #: N722JE Certified By: Bryan Vaughan on 4/21/2021
Print Summary Report
In preparing this order, we are (i) subject to the availability and accuracy of the Federal Aviation Administration ("FAA") and the International Registry including their employees,
agents, and computer systems, in the filing. registering, indexing, cross-referencing and recording of instruments filed with the FM and IR and (ii) 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 Propellers, for this search.
AIC Title Servke, LLC -
Ph:- or■
Fx:
Email:
Page 3 of 3
EFTA00022906
al
TITLE SERVICE
FAA and International Registry Engine Search Report
Prepared For:
Equus Global Aviation LLC
Sherry Cannon
■0
FAA UEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 422857E
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:
UEN 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 1492288, 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 File #: 732506
Date: 26 Jul 2011 Time (Gray 18:06:15
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer. ASI Wings, LLC
Page I ore
EFTA00022907
Sale File #: 1644797
Date: 13 Jun 2019 I r I64.1 1.6 Li ! IL
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
FOR: AIC Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availablity and accuracy of the Federal Aviation Administration CIAR) and the International Registry CIR'). 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 (ii) 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 Propellers, for this search.
AEC Title Servke, LLC -
Ph:- Of■
Eft
Email:
Page 2 of 2
EFTA00022908
la /14 I C
Ar- FAA and International Registry Engine Search Report
TITLE SERVICE
Prepared For:
Equus Global Aviation LLC
Sherry Cannon
■0
FAA UEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Make Model Serial No
TURBOMECA S.A. 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:
UEN 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 sale(s).
INTERNATIONAL REGISTRY STATUS
No Liens of Record
Sale File #: 732512
Date: 26 Jul 2011 Time (GMT). 18:11:56
Fractional or Partial Interest: loaryymon
Seller. Freedom Air International, Inc."
Buyer. ASI Wings, LLC
Page I of 2
EFTA00022909
Sale File #: 1644796
Date: 13 Jun 2019 Time (GMT): 16:03:04
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer. Hyperion Air, LLC
FOR: AK Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availablity and accuracy of the Federal Aviation Administration (IAA" and the International Registry CIR*). including their employees,
agents, and computer systems, in the filing. registering, indexing, cross-referencing and recording of instruments filed with the MA and IR and (ii) subject to the accuracy of the
information contained in the IR Priority Search Cenificates if applicable. We have relied on you to provide us with an accurate, complete and exact description of any Aircraft.
Engines, and Propellers, for this search.
AEC Title Servke, LLC -
Ph:- or■
Eft
Email:
Page 2 of 2
EFTA00022910
FAA and International Registry Title Search Report
TITLE SERVICE
Prepared For:
Equus Global Aviation LLC
Sherry Cannon El>
■0
FAA TITLE SEARCH and
INTERNATIONAL REGISTRY PRIORITY SEARCH
AIRFRAME REPORT
Registration No Formerly Make Model Serial No
N722JE N750A KEYSTONE HELICOPTER 5-76C 760750
Present Registered Owner Owner Type: Limited Liability Company
Hyperion Air LLC Signed By: Lawrence P. Visoski, Jr.
Title: Manager
Acquired By: Bill of Sale
Executed: 6-13-19
FAA Filed: 6-13-19
FAA Recorded: 7-17-19
FAA Document#: .03020475
LIEN STATUS
No Liens of Record
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 SIKORSKY, model S-76, SN: 760750, which description matches the current
Manufacturer's List Priority Search Certificate Number 1492287, 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
Page I 012
EFTA00022911
Sale File #: 732496
Date: 26 Jul 2011 Time (GMT): 18:01:37
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644795
Date: 13 Jun 2019 Time (GMT): 16:03:01
Fractional or Partial Interest: mammon
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
FOR: AK Title Service, LLC
Order#: 152973 Registration #: N722JE Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availability and accuracy of the Federal Aviation Administration ("FAA") and the International Registry 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 (ii) subject to the accuracy of the
information contained in the IR Priority Search Cenificates if applicable. We have relied on you to provide us with an accurate, complete and exact description of any Aircraft.
Engines, and Propellers, for this search.
AIC Title Servke, LLC -
Ph:- Of
FfC
Email:
Page 2 of 2
EFTA00022912
C
TITLE SERVICE
At a Glance - Summary Report
Registration Number: N722JE
Present Registered Owner
Hyperion Air LLC
6100 Red Hook Quarter B3, St. Thomas, U.S. Virgin Islands 00802
No Liens / Encumbrances (0) 8 (Open all)
'" Airframe (KEYSTONE HELICOPTER, S-76C, 760750) s,
Make Model Serial No
KEYSTONE HELICOPTER S- i6C 760750
LIEN STATUS
No Liens of Record
Engine (TURBOMECA S.A., ARRIEL 252, 42286TEC) N.0
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 42286TEC
LIEN STATUS
No Record Found - Engine
Engine (TURBOMECA S.A., ARRIEL 252, 42285TE) N,
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 z1228S1E
LIEN STATUS
No Record Found - Engine
EFTA00022913
ATTACHED DOCUMENT
FAA 337's — Airworthiness 4
International Registry Airframe & Engine Lien Search Ne
Airframe (KEYSTONE HELICOPTER, S-76C, 760750)
Aircraft Object has been searched at the International Registry as SIKORSKY, model 5-76, SN: 760750, which description matches the current
Manufacturer's List. Priority Search Certificate Number 1492287, created on 21 Apr 2021 at 14:53:48 GMT, reflects no undischarged
registrations and the below-described sale(s).
No Liens of Record
Sale File #: 732496
Date: 26 Jul 2011 Time (GMT): 18:01:37
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644795
Date: 13 Jun 2019 Time (GMT): 16:03:01
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
IR Priority Search* - Engine (TURBOMECA S.A., ARRIEL 252, 42286TEC)
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 sale(s).
No Liens of Record
Sale File #: 732512
Date: 26 Jul 2011 Time (GMT): 18:11:56
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644796
Date: 13 Jun 2019 Time (GMT): 16:03:04
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
Page 2 or 3
EFTA00022914
IR Priority Search• - Engine (TURBOMECA S.A., ARRIEL 252, 42285TE)
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: 1492288, created on 21 Apr 2021 at 14:53:48 GMT, reflects no
undischarged registrations and the below-described sale(s).
No Liens of Record
Sale File #: 732506
Date: 26 Jul 2011 Time (GMT): 18:06:15
Fractional or Partial Interest: mammon
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644797
Date: 13 Jun 2019 Time (GMT): 16:17:01
Fractional or Partial Interest: mammon
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
Detailed ReportsNe
FAA and Internationa ' egishy • i rame Lien Search (S-76C, 760750)
FAA And International Research Engine Lien Search (ARRIEL 252, 42286TEC)
E FAA And International Research Engine Lien Search (ARRIEL 2S2, 42285TE)
ATTACHED LLC DOCUMENT
OD HYPERION AIR LLC
FOR: AK Title Service, LLC
Order#: 152973 Registration #: N722JE Certified By: Bryan Vaughan on 4/21/2021
Print Summary Report
In preparing this order, we are (i) subject to the availablity and accuracy of the Federal Aviation Administration ("FAA") and the International Registry ('IR'). 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 (ii) 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 Propellers, for this search.
AIC Title Service, LLC -
Ph: Of
Fx:
Email:
Page 3 of 3
EFTA00022915
al
TITLE SERVICE
FAA and International Registry Engine Search Report
Prepared For
Plan D LLC
Darren Indyke
FAA UEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Make Model Serial No
TURBOMECA S.A. ARRIEL 2S2 422857E
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:
UEN 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 1492288, 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 File #: 732506
Date: 26 Jul 2011 Time (airy 18:06:15
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer. ASI Wings, LLC
Page I or 2
EFTA00022916
Sale File #: 1644797
Date: 13 Jun 2019 I r I64.1 1.6 Li ! IL
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
FOR: AIC Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availablity and accuracy of the Federal Aviation Administration CIAR) and the International Registry CIR'). 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 (ii) 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 Propellers, for this search.
AEC Title Servke, LLC -
Ph:- Of■
Eft
Email:
Page 2 of 2
EFTA00022917
A IC FAA and International Registry Engine Search Report
ir •
TITLE SERVICE
Prepared For
Plan D LLC
Darren Indyke
FAA UEN SEARCH AND
INTERNATIONAL REGISTRY PRIORITY SEARCH
ENGINE REPORT
Make Model Serial No
TURBOMECA S.A. 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:
UEN 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 sale(s).
INTERNATIONAL REGISTRY STATUS
No Liens of Record
Sale File #: 732512
Date: 26 Jul 2011 Time (GMT): 18:11:56
Fractional or Partial Interest: loam:loom
Seller. Freedom Air International, Inc.'
Buyer. ASI Wings, LLC
Page I el?
EFTA00022918
Sale File #: 1644796
Date: 13 Jun 2019 Time (GMT): 16:03:04
Fractional or Partial Interest: 100.000000%
Seller. ASI Wings, LLC
Buyer. Hyperion Air, LLC
FOR: AK Title Service, LLC
Order#: 152973 Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availablity and accuracy of the Federal Aviation Administration (IAA" and the International Registry CIR*). including their employees,
agents, and computer systems, in the filing. registering, indexing, cross-referencing and recording of instruments filed with the MA and IR and (ii) subject to the accuracy of the
information contained in the IR Priority Search Cenificates if applicable. We have relied on you to provide us with an accurate, complete and exact description of any Aircraft.
Engines, and Propellers, for this search.
AEC Title Servke, LLC -
Ph:- or■
Eft
Email:
Page 2 of 2
EFTA00022919
• t FAA and International Registry Title Search Report
TITLE SERVICE
Prepared For
Plan D LLC
Darren Indyke
FAA TITLE SEARCH and
INTERNATIONAL REGISTRY PRIORITY SEARCH
AIRFRAME REPORT
Registration No Formerly Make Model Serial No
N722JE N750A KEYSTONE HELICOPTER 5-76C 760750
Present Registered Owner Owner Type: Limited Liability Company
Hyperion Air LLC Signed By: Lawrence P. Visoski, Jr.
Title: Manager
Acquired By: Bill of Sale
Executed: 6-13-19
FAA Filed: 6-13-19
FAA Recorded: 7-17-19
FAA Document#:11/02047S
LIEN STATUS
No Liens of Record
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 SIKORSKY, model S-76, SN: 760750, which description matches the current
Manufacturer's List Priority Search Certificate Number 1492287, 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
Page I o12
EFTA00022920
Sale File #: 732496
Date: 26 Jul 2011 Time (GMT): 18:01:37
Fractional or Partial Interest: 100.000000%
Seller. Freedom Air International, Inc."
Buyer: ASI Wings, LLC
Sale File #: 1644795
Date: 13 Jun 2019 Time (GMT): 16:03:01
Fractional or Partial Interest: mammon
Seller. ASI Wings, LLC
Buyer: Hyperion Air, LLC
FOR: AK Title Service, LLC
Order#: 152973 Registration #: N722JE Certified By: Bryan Vaughan on 04/21/2021
In preparing this order, we are (i) subject to the availability and accuracy of the Federal Aviation Administration ("FAA") and the International Registry 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 (ii) subject to the accuracy of the
information contained in the IR Priority Search Cenificates if applicable. We have relied on you to provide us with an accurate, complete and exact description of any Aircraft.
Engines, and Propellers, for this search.
AIC Title Servke, LLC -
Ph:- Of
FfC
Email:
Page 2 of 2
EFTA00022921
8
0
V
0
LLC STATEMENT IN SUPPORT
0
OF REGISTRATION
HYPERION AIR, LLC is a limited liability company of a United States Citizen and is eligible to
register aircraft in its name. In this regard, we make the following representations:
I. The full name of the Applicant LLC is HYPERION AIR, LLC (the "LLC").
2. The jurisdiction in which the LLC is lawfully organized is the United States Virgin Islands.
3. The effective date of the LLC is October 132012.
4. The name of each of the sole Member of the LLC and the type of entity of the sole Member (i.e.,
individual, corporation, partnership, etc.) is:
U.S. CITIZENSHIP
NAME TYPE OF ENTITY VERIFICATION
Jeffrey E. Epstein Individual YES X NO_
5. The LLC is managed by a Manager.
6. The managers, members or officers of this LLC may act independently YX
7. The name of the sole Manager of the LLC and the type of entity of the sole Manager (i.e., individual,
corporation, partnership, etc.) is:
U.S. CITIZENSHIP
NAME TYPE. OF ENTITY VERIFICATION
Lawrence Visoski Individual YES X NO
The undersigned certifies that he understands that an LLC is eligible to register aircraft in its name provided that:
(I) at least 2/3rds of the managers or managing members are "U.S. Citizens" within the meaning of 49 U.S.C.
Section 40102(aX15)(C) and:
(2) at least 75% of the voting interest or units is owned or controlled by persons who are "U.S. citizens" or citizens
of one of its possessions; and specifically that AN LLC CANNOT REGISTER AS A NON•CITIZEN
CORPORATION.
If any member of this LLC is not a United States Citizen as defined in 40102(a)(15)(C) an explanation appears below to
support the certification that this LLC is a "U.S. Citizen" as required by 49 U.S.C. Section 40102(a)(15)(C).
The undersigned hereby also certifies that the information given herein is true and correct and meets all citizenship
specifications as required by the Federal Aviation Administration.
HYPERION Al L
By
La ren Visoski
Manager
EFTA00022922
EFTA00022923
FILED WITH FAA
AIRCRAFT REGISTRATIttl-DR.
2013 RUG 13 All '7 39
OKLAHOMA CITY
OKLAHOMA
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:46
Name : INDUSTRIAL INTEGRITY SOLUTIONS LLC
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022924
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:47
Name : INDUSTRIAL INTEGRITY SOLUTIONS
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022925
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:47
Name : INDUSTRIAL INTEGRITY
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022926
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 1 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL AEROBOTICS LLC (AZ) (EFF GRANTOR 11/07/07 LLC ACCEPT
2. INDUSTRIAL AIRCRAFT CORPORATION GRANTOR 11/30/73 POA CONVERT
3. INDUSTRIAL AVIATION LLC GRANTOR 12/18/95 LLC ACCEPT
4. INDUSTRIAL BANK GRANTOR 04/25/94 POA CONVERT
5. INDUSTRIAL COMMERCIAL REALTY LLC (P GRANTOR 12/20/04 LLC ACCEPT
6. INDUSTRIAL CONTRACTING SERVICES LLC GRANTOR 04/10/00 LLC ACCEPT
7. INDUSTRIAL EQUILITES AIRCRAFT LEASI GRANTOR LLC REQ/REJ
8. INDUSTRIAL EQUIPMENT LEASING LLC (D GRANTOR 10/05/10 LLC ACCEPT
9. INDUSTRIAL EQUIPMENT SERVICES LLC ( GRANTOR 09/22/06 LLC ACCEPT
10. INDUSTRIAL EQUITIES AIRCRAFT LEASIN GRANTOR 06/14/17 LLC ACCEPT
11. INDUSTRIAL GROUP II LLC (NC) GRANTOR 01/09/06 LLC ACCEPT
12. INDUSTRIAL HELICOPTERS LLC (LA) GRANTOR 10/06/11 LLC ACCEPT
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN +PAGE PREV
EFTA00022927
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 2 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL INTERNATIONAL AVIATION GRANTOR 08/29/77 POA CONVERT
2. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 10/12/04 POA ACCEPT
3. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 07/24/00 POA ACCEPT
4. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 02/17/00 POA ACCEPT
5. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 12/29/99 LLC ACCEPT
6. INDUSTRIAL NATIONAL BANK OF RHODE I GRANTOR 08/17/78 POA CONVERT
7. INDUSTRIAL NETWORKS LLC (MA) GRANTOR 04/10/18 LLC ACCEPT
8. INDUSTRIAL REALTY GROUP LLC GRANTOR 01/21/15 POA ACCEPT
9. INDUSTRIAL REALTY GROUP LLC AGENT 03/01/13 POA ACCEPT
10. INDUSTRIAL REALTY GROUP LLC GRANTOR 03/09/12 POA ACCEPT
11. INDUSTRIAL REALTY GROUP LLC (NV) GRANTOR 05/05/99 LLC ACCEPT
12. INDUSTRIAL SITE SERVICES INC GRANTOR POA REQ/REJ
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN -PAGE +PAGE PREV
EFTA00022928
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 3 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL SYSTEMS & SERVICES CO LL GRANTOR 04/10/09 POA ACCEPT
2. INDUSTRIAL SYSTEMS & SERVICES COMPA GRANTOR 06/06/05 POA ACCEPT
3. INDUSTRIAL SYSTEMS & SERVICES COMPA GRANTOR 01/01/05 LLC ACCEPT
4. INDUSTRIAL TERMINALS MANAGEMENT LLC GRANTOR 05/31/06 POA ACCEPT
5. INDUSTRIAL TERMINALS MANAGEMENT LLC GRANTOR 10/06/04 LLC ACCEPT
6. INDUSTRIAL TRANSPORTATION & DISTRIB GRANTOR 02/22/11 LLC ACCEPT
7. INDUSTRIAL WASTE GROUP LLC (DE) GRANTOR 09/19/00 LLC ACCEPT
8. INDUSTRIAL-COMMERCIAL REALTY LLC (P GRANTOR 01/01/05 LLC ACCEPT
9.
10.
11.
12.
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN -PAGE PREV
EFTA00022929
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:46
Name : INDUSTRIAL INTEGRITY SOLUTIONS LLC
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022930
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:47
Name : INDUSTRIAL INTEGRITY SOLUTIONS
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022931
*** NO RECORDS FOUND ***
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM85 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC 14:47
Name : INDUSTRIAL INTEGRITY
OPTIONAL
Effective Date
N-Number
TYPE
Display Expired N (POA Only)
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT MAIN PREV
EFTA00022932
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 1 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL AEROBOTICS LLC (AZ) (EFF GRANTOR 11/07/07 LLC ACCEPT
2. INDUSTRIAL AIRCRAFT CORPORATION GRANTOR 11/30/73 POA CONVERT
3. INDUSTRIAL AVIATION LLC GRANTOR 12/18/95 LLC ACCEPT
4. INDUSTRIAL BANK GRANTOR 04/25/94 POA CONVERT
5. INDUSTRIAL COMMERCIAL REALTY LLC (P GRANTOR 12/20/04 LLC ACCEPT
6. INDUSTRIAL CONTRACTING SERVICES LLC GRANTOR 04/10/00 LLC ACCEPT
7. INDUSTRIAL EQUILITES AIRCRAFT LEASI GRANTOR LLC REQ/REJ
8. INDUSTRIAL EQUIPMENT LEASING LLC (D GRANTOR 10/05/10 LLC ACCEPT
9. INDUSTRIAL EQUIPMENT SERVICES LLC ( GRANTOR 09/22/06 LLC ACCEPT
10. INDUSTRIAL EQUITIES AIRCRAFT LEASIN GRANTOR 06/14/17 LLC ACCEPT
11. INDUSTRIAL GROUP II LLC (NC) GRANTOR 01/09/06 LLC ACCEPT
12. INDUSTRIAL HELICOPTERS LLC (LA) GRANTOR 10/06/11 LLC ACCEPT
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN +PAGE PREV
EFTA00022933
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 2 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL INTERNATIONAL AVIATION GRANTOR 08/29/77 POA CONVERT
2. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 10/12/04 POA ACCEPT
3. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 07/24/00 POA ACCEPT
4. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 02/17/00 POA ACCEPT
5. INDUSTRIAL MARINE TECHNOLOGY LLC GRANTOR 12/29/99 LLC ACCEPT
6. INDUSTRIAL NATIONAL BANK OF RHODE I GRANTOR 08/17/78 POA CONVERT
7. INDUSTRIAL NETWORKS LLC (MA) GRANTOR 04/10/18 LLC ACCEPT
8. INDUSTRIAL REALTY GROUP LLC GRANTOR 01/21/15 POA ACCEPT
9. INDUSTRIAL REALTY GROUP LLC AGENT 03/01/13 POA ACCEPT
10. INDUSTRIAL REALTY GROUP LLC GRANTOR 03/09/12 POA ACCEPT
11. INDUSTRIAL REALTY GROUP LLC (NV) GRANTOR 05/05/99 LLC ACCEPT
12. INDUSTRIAL SITE SERVICES INC GRANTOR POA REQ/REJ
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN -PAGE +PAGE PREV
EFTA00022934
ARAUTP18 AIRCRAFT REGISTRATION SYSTEM 05/05/21
ARAUTM23 POA, RESLTN, GUARDN, RCVRSHP, BNKRPTCY, LLC NAME SELECTION 14:47
Page 3 of 3
Name : INDUSTRIAL Total Names: 32
Name Range 1 thru 32
PKT Name Type Eff Date Trans Status WIP
1. INDUSTRIAL SYSTEMS & SERVICES CO LL GRANTOR 04/10/09 POA ACCEPT
2. INDUSTRIAL SYSTEMS & SERVICES COMPA GRANTOR 06/06/05 POA ACCEPT
3. INDUSTRIAL SYSTEMS & SERVICES COMPA GRANTOR 01/01/05 LLC ACCEPT
4. INDUSTRIAL TERMINALS MANAGEMENT LLC GRANTOR 05/31/06 POA ACCEPT
5. INDUSTRIAL TERMINALS MANAGEMENT LLC GRANTOR 10/06/04 LLC ACCEPT
6. INDUSTRIAL TRANSPORTATION & DISTRIB GRANTOR 02/22/11 LLC ACCEPT
7. INDUSTRIAL WASTE GROUP LLC (DE) GRANTOR 09/19/00 LLC ACCEPT
8. INDUSTRIAL-COMMERCIAL REALTY LLC (P GRANTOR 01/01/05 LLC ACCEPT
9.
10.
11.
12.
Enter Line Number for Name Selection:
Enter-PF1---PF2---PF3---PF4---PF5---PF6---PF7---PF8---PF9---PF10--PF11--PF12---
CONT HELP MAIN -PAGE PREV
EFTA00022935
WIRE INSTRUCTIONS
(TOTAL BUSINESS CHECKING)
EQUUS GLOBAL AVIATION, LLC
P MORGAN CHASE
WIRE ACCOUNT #:
ROUTING#:
SWIFT CODE:
EFTA00022936
Visoski Wire Info
Bank of America
IMM I
Flying V Aviation, LLC c/o Lawrence Visoski
Account
Routing Wire:
Flying V Aviation, LLC do Lawrence Visoski
Bank of America, Phone
Account I Routing Wire:
EFTA00022937
Statement in Support of Registration of a United States Civil Aircraft
in the Name of a Limited Liability Company
Industrial Intregrity Solutions, LLC
Complete name of the Applicant:
New Mexico
State in which LLC is organized:
Effective date of formation of the LLC: October 7. 2016
Name of each member of the LLC:
Name of Member. Tyne of Entity U.S. Citizenship Verification
(ie: individual, corporation,
partnership, etc.)
James L. Previti Individual
Y❑ N n
Frontier Finance Co. California Corp. Y N
Y NE
(Please use additional sheets if additional space is required)
LLC is managed by: E] Manager(s) Member(s) ❑ Officer(s)
If LLC is managed by Manager(s)/Officer(s)
Name of Managers) Type of Entity U.S. Citizenship Verification
Officer(s) (ie: individual, corporation,
partnership, etc.)
(Please use additional sheets if additional space is required)
Can the managers, members or officers of this LLC act independently?
The undersigned certifies that the Applicant is a citizen of the United States since, to the best knowledge and
belief of the undersigned, at least 2/3rds of the managers, officers or managing members qualify as citizens of
the United States as defined in 49 U.S.C. 40101(aX15) and at least 75% of the voting interest or units is owned
or controlled by persons who qualify as citizens of the United States as defined in 49 U.S.C. 40102(aX15).
49 U.S.C. Section (aX15): Citizen of the United States means: (1) An individual who is a citizen of the United
States or one of its possessions; or (2) A partnership of which each member is such an individual; or (3) A
corporation or association created or organized under the laws of the United States or of any State, Territory,
or possession of the United States, of which the president and 2/3 or more of the board of directors and other
managing officers thereof are such individuals and in which at least 75% of the voting interest is owned or
controlled by persons who are citizens of the United States or of one of its possessions.
If any member, officer or manager of the LLC is not a citizen of the United States as defined in U.S.C.
40102(aX15) please attach an additional sheet for explanation to substantiate that the LLC qualifies as a citizen
of the United States.
Its* cm," Fitstaascult_. atonic-C.
(title)
Dated'
EFTA00022938
0 OneSpanpr
OneSpan Sign Electronic Evidence Summary
Signing Ceremony ID:
ID: fcb4Y4hMWofiPY2i5Tjg62n-P38=
Name: N722JE N722JE BOS (FInWSCn)
Created: 2021-May-06 17:14:44 (GMTZ) GMT
Completed: 2021-May-06 19:51:34 (GMTZ) GMT
Summary document generated: 2021-May-06 19:51:36 (GMTZ) GMT
Sender:
Name: Melissa Koboldt
mko om
Documents:
Electronic Disclosures and Signatures Consent 2 pages
N722JE N722JE BOS (FInWSCn) 1 page
N722JE WBOS 2 pages
OneSpan Sign Electronic Evidence Summary 2 pages
Recipients:
Name: Melissa Koboldt
Email: maom
Role: Owner
ID: 42EC2utgPCID
Name: LARRY VISOSKI
Email:
Role: Larry_Visoski
ID: Larry_Visoski
Electronic Disclosures and Signatures Consent 1 accept
N722JE N722JE BOS (FInWSCn) 1 signature
N722JE WBOS 1 signature
Name: DARREN INDYKE
Email:
Role: Darren_Indyke_FcipTON
ID: Darren_Indyke_FcipTON
Audit Trail:
Copyright 2021, OneSpan. All Rights Reserved.
EFTA00022939
Date and Time Recipient Action Document IP Other
2021-May-06 17:40:01(GMTZ) GMT LARRY VISOSKI Signing Session N/A 174.194.139.168 Signing session
For Recipient for red • ient:
LARRY VISOSKI)
2021-May-06 17:40:11(GMTZ) GMT LARRY VISOSKI View Electronic 174.194.139.168
Disclosures and
Signatures
Consent
2021-May-06 17:42:36 (GMTZ) GMT LARRY VISOSKI Accept Electronic 174.194.139.168 Approval:
Disclosures and 8e81c72a-d851-
Signatures 47ec-bf2a-
Consent f81d7ac10f67
2021-May-06 17:42:37 (GMTZ) GMT LARRY VISOSKI Confirm Electronic 174.194.139.168
Disclosures and
Signatures
Consent
2021-May-0617:42:47 (GMTZ) GMT LARRY VISOSKI View N722JE N722JE 174.194.139.168
BOS (FInWSCn)
2021-May-06 17:44:04 (GMTZ) GMT LARRY VISOSKI Click To Sign N722JE N722JE 174.194.139.168 Approval:
005 (FInWSCn) XiW1KKxDUP8U
2021-May-06 19:47:50 (GMTZ) GMT LARRY VISOSKI Signing Session N/A 174.195.144.56 Signing session
For Recipient for reci • ient:
LARRY VISOSKI)
2021-May-06 19:47:53 (GMTZ) GMT LARRY VISOSKI View N722JE N722JE 174.195.144.56
005 (FInWSCn)
2021-May-06 19:50:49 (GMTZ) GMT LARRY VISOSKI Signing Session N/A 64.183.118.170 Signing session
For Recipient for reci • ient:
LARRY VISOSKI)
2021-May-06 19:50:55 (GMTZ) GMT LARRY VISOSKI View N722JE N722JE 64.183.118.170
BOS (FInWSCn)
2021-May-06 19:51:17 (GMTZ) GMT LARRY VISOSKI Confirm N722JE N722JE 64.183.118.170
BOS (FInWSCn)
2021-May-06 19:51:22 (GMTZ) GMT LARRY VISOSKI View N722JE WBOS 64.183.118.170
2021-May-06 19:51:30 (GMTZ) GMT LARRY VISOSKI Click To Sign N722JE WBOS 64.183.118.170 Approval:
vDOPyjwxfsUO
2021-May-06 19:51:34 (GMTZ) GMT LARRY VISOSKI Confirm N722JE WBOS 64.183.118.170
Copyright 2021, OneSpan. All Rights Reserved.
EFTA00022940
UNITED STATES OF AMERICA OMB Control No. 2120-0042
Exp. 04/30/2017
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 722JE
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: Do Not Write In This Block
FOR FM USE ONLY
NAME AND ADDRESS
(IF INDIVIDUAL(S). GIVE LAST NAME. FIRST NAME, AND MIDDLE INITIAL.)
PURCHASER
Industrial Integrity Solutions , LLC
DEALER CERTIFICATE NUMBER
AND TO ITS SUCCESSORS rvECUTEIne, A mal" AT"..S. 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
NAME(S) OF SELLER SIGNATURE(S) TITLE
(TYPED OR PRINTED) (IN INK) (IF EXECUTED FOR (TYPED OR PRINTED)
CO-OWNERSHIP. ALL MUSTSIGN.
Hyperion Air LLC
Digitally signed by LARRY VISOSKI Manager
VRIMMAVAIONRODAMS:MAO
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)
EFTA00022941
WARRANTY BILL OF SALE
Pursuant to that certain Aircraft Purchase Agreement, dated April 18 , 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-76O1+ 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, (ID NO IMPLIED WARRANTY BY SELLER,
ITS AGENTS, REPRESENTATIVES OR EMPLOYEES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE OF THE AIRCRAFT, (III) 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
EFTA00022942
IN WITNESS WHEREOF, Seller has caused this Warranty Bill of Sale to be
executed by its duly authorized representative, this day of ApFil-, 2021.
May
HYPERION AIR, LLC
Digilaly s4ed by LARRY VISOSKI
30SW”Afeab
By:
Name: Lawrence Vlsoskl
Title: Manager
Date:
23
EFTA00022943
UNITED STATES OF AMERICA - DEPARTMENT OF TRANSPORTATION
FEDERAL AVIATION ADMINISTRATION - MIKE M ONRON EY AERONAUTICAL CENTER
AIRCRAFT REGISTRATION APPLICATION
II UNITED STATES 0 1. Individual
REGISTRATION N 722JE 4) TYPE OF REGISTRATION Q I Partnership
NUMBER
2) AIRCRAFT
0 a COON.eben
0 4. Co-Owner
MANUFACTURER
KEYSTONE HELICOPTERS-76C 0 a Govemwent
AN0 PAODEL
3) AIRCRAFT
IONIA One box.)
a 7. United Liablity Company (LLC)
SERIAL 0 s. Homed:ten Caperation
NUMBER
760750 0 B. Non-Cazen Ccepaabon Co
-Owner
6) NAME(S) OF APPUCANT(S) (Person(s) shown on evidence of ownership. If indvidual. giro last name. first name and niddle Sidi
Industrial Integrity Solutions, LLC
II) TELEPHONE NUkSER:
7) MAILING ADDRESS IPOMISOOM mOIHROS059955 XS MX 6051Rant co list)
NUMBER AND STREET.
RURAL ROUTE: P.O. BOX
CITY: STATE IN ZIP;
8) PHYSICAL ADDRESS/LOCATIONIF PO BOX MAR DROP OR RURAL ROI JTF BOX I /RFD FOR MAILING ADIIRFSs
NUMBER AND STREET:
DESCRIPTION OF
LOCATION:
CITY: STATE ZIP:
) CHECK HERE IF YOU ARE ONLY REPORTING A CHANGE OF ADDRESS
10) CERTIFICATION
OWE CERTFY:
Cl) Thal the above aircraft is oared by theundersigned appkeant who is: (MUST CHECK AND/OR C0MPI.FTF a-b.c or M
El a. A cRaen el the United States as defined be 49 USG 40 IOZIO)(15):
El b. A reaidentdien with then reds:sawn (Ran 1-551) No
El c. A non.citiren corporation crgarized and dcing business under de lava AI(state) and said aircraft
is basal and parody used in the United Slates. Reaxds of flight hours are available har empecton M (preside complete physical address)
O d. Aeon:oration using a vofirg bust to pinkly. Enter name of trustee
(2) II box C or d above IS Checked. I. the below eigned. certify thou iam authorized. by the swam shown above. 10 Sign COrpOreba documents and lb
seek aircraft registraton on behalf of the *nifty and that I will provide the same atthataliondrewested:
(3) That the aircraft is not registered Leder the laws of any lateen Gantry: and
(4) That legal Science of ownership a a=ched or has teen Red with the Federal Aviation Admiristraen.
ANY AND ALL SIGNATORIES OF THIS APPLICATION MUST READ THE FOLLOWING AND UNDERSTAND THAT, BY APPLYING
A SIGNATURE TO THIS DOCUMENT, THEY ARE SUBJECT TO THE REFERENCED STATUTES AND ASSOCIATED PENALTIES.
Uwe hereby centy that the nforwition provided in. and in any attathments to. this application for aircraft registration is true, ao:uran and correct to the best of myfair
knowledge and belief I1At understand that te FM adminstrator will rely on the informabco Wm provide n determning myfour gualthaton for aircraft regatatica Ilia
understand that vAwiever, in any matter within the jurisdntion of anydepartment or agency of the Untied States. knovindy and whfuly falsifies. conceals, or cows up by
any Vick scheme. a data any mate:3'180* slatemenl(s). representabon(s)oe enlry(ies) nay be fined up to $500.000 or irrprisoned (or Rol more tan hoe (5) years or
both (18 U.S.C. §§ 1001 and 3511). Uwe understand that to knowingly and rattly: a) falsify or conceal a material fact or b) use a document knowing it cantins a false.
fictitious or fraudulent slatemennentry: of c) provide my inaccurate, false statementIntrmation can sub)ect me to crimnal prosecution (49 U.S.C. § 46306), and the
registration of the subject akcrall may be delayed. denied andfor revoked.
NOTE: If executed for co-ownershlp, all applicants must sign. Use next page and add page(s) If necessary.
SIGNATURE: Digitally signed by RICHARD MUNKVOLD DATE:
kl.L7wsUIU5FL515E3frimmK154745W
11)
TYPED/PRINTED
Richard Munkvold TITLE:
CFO of Frontier Finance Co its Member
NAME:
SIGNATURE: DATE:
12)
TYPED/PRINTED
NAME: I TITLE:
NOTE: Except when the most recent registration of the subiect aircraft as expired or cancelled. 14 CFR 47.31(c) provides for an airworthy
U.S. aircraft to be operated for up to 90 days within the United States wh n a copy of the signed aircraft registration application is carried
in the aircraft whits awaiting issuance and receipt of the new registration certificate.
AC Fern 80501 (0ng) Page I
EFTA00022944
0 OneSpanTr
OneSpan Sign Electronic Evidence Summary
Signing Ceremony ID:
ID: WknY7ZSandcO6AQmLkg13h1KGvQ,
Name: N722JE Aircraft Registration Application (ZDnBaHD)
Created: 2021-May-06 20:22:26 (GMTZ) GMT
Completed: 2021-May-06 20:31:18 (GMTZ) GMT
Summary document generated: 2021-May-06 20:31:19 (GMTZ) GMT
Sender:
Name: Melissa Koboldt
Documents:
Electronic Disclosures and Signatures Consent 2 pages
N722JE 8050-1 ARA o44814eAIC Title_VohMXLY 1 page
OneSpan Sign Electronic Evidence Summary 2 pages
Recipients:
Name: Melissa Koboldt
Email:
Role: Owner
ID: 42EC2utgPCID
Name: RICHARD MUNKVOLD
Email:
Role: Richard_Munkvold-
CFO_of_Frontier_Finance_Co_its_Member
ID: Richard_Munkvold-
CFO_of_Frontier_Finance_Co_its_Member
Electronic Disclosures and Signatures Consent 1 accept
N722JE 8050-1 ARA o44814eAIC Title_VohMXLY 1 signature
Audit Trail:
Date and Time Recipient Action Document IP Other
2021-May-0620:30:27 (GMTZ) GMT RICHARD Signing Session N/A 47.176.71.230 Signing session
MUNKVOLD For Recipient for rec• • lent-
RICHARD
MUNKVOLD)
Copyright 2021, OneSpan. All Rights Reserved.
EFTA00022945
2021-flay-0620:30:33 (GM TZ) GMT RICHARD View Electronic 47.176.71.230
MUNKVOLD Disclosures and
Signatures
Consent
2021-May-06 20:30:44 (GMTZ) GMT RICHARD Accept Electronic 47.176.71.230 Approval:
MUNKVOLD Disclosures and d65214a0-5f98-
Signatures 4db1-b219-
Consent 89e7bac45ce4
2021-May-0620:30:45 (GMTZ) GMT RICHARD Confirm Electronic 47.176.71.230
MUNKVOLD Disclosures and
Signatures
Consent
2021-May-06 20:30:48 (GMTZ) GMT RICHARD View N722JE 8050-1 47.176.71.230
MUNKVOLD MA o44814eAlC
Title_VohMXLY
2021-May-0620:31:10 (GMTZ)GNIT RICHARD Click To Sign N722JE 8050-1 47.176.71.230 Approval:
MUNKVOLD ARA o44814eAlC signatureldl
Title_VohMXLY
2021-May-06 20:31:18 (GMTZ) GMT RICHARD Confirm N722JE 8050-1 47.176.71.230
MUNKVOLD MA o44814eAlt
Title_VohMXLY
Copyright 2021, OneSpan. AR Rights Reserved.
EFTA00022946
ORIGINAL INVOICE Page 1 of 1
SIKORSKY COMMERCIAL INC* Invoice Number: 8117788
Invoice Date: February 04, 2021
Customer No. Sales Order Sales Order Date Customer Contract or P/O No.
301290 22278585 February 04, 2021 S76D12297PAP
Remit To: SIKORSKY COMMERCIAL INC Ultimate HYPERION AIR. LLC
LOCKHEED MARTIN CORPORATION End User:
EFT/ACH/WIRE CITIBANK ABA
CITIBANK ACCT SWIFT
CHECKS JP MORGAN CHASE
Ship To: HYPERION AIR. LLC Payment will HYPERION AIR. LLC
Be made by:
Terms: Net 30 days Airway Bill Number:
Shipped from:. on: Via: CAU Bill of Lading: FCA:scllers place
Item No. Stock/Part No. Description Condition Quantity Unit UnitPrice(USD) NetAmount(USD1
76C_MAIN_GEAR_BOX 76C_Main 8.30 EA 137.49 1,141.17
Gear Box
AIRCRAFT SN 760750
Reporting Date: December 31, 2020
76C_INTER_GEAR_BOX 76C_Inte 8.30 EA 9.24 76.69
r_Gear_Box
AIRCRAFT SN 760750
Reporting Date: December 31, 2020
76C_TAIL_GEAR_BOX 76C_Tail 8.30 EA 18.48 153.38
Gear Box
AIRCRAFT SN 760750
Reporting Date: December 31, 2020
SUBTOTAL: 1,371.24
TAXES: 0.00
NET TOTAL: 1,371.24
TOTAL AMOUNT DUE: 1,371.24
•Sikorsky Commercial. Inc. is a registered trade name of Helicopter Support. Inc. (also referred to as "HSI") in the Connecticut towns of Shelton. Nonh Haven. Stratford
and Trumbull. and a registered fictitious name of Helicopter Support. Inc. in the State of Maryland and the Commonwealth of Pennsylvania
EFTA00022947
Tne following Wire/High Value Payment Incoming transactions for he current business day were reported at 12 06 PM CDT on
05107/2021
Anyyint 100.000.00 USD
Account
Bank Reference
Customer Reference 0507367040
Text
EFTA00022948
01400002
Suggested Format for Affidavit for Exemption of Aircraft Sold for N. 05/02
Removal from the State of Florida by a Nonresident Purchaser
bf. Iii
iliPAIOVENT
Of RtVfNUF
to the
The fo lowing is a suggested format of an affidavit to be completed by the purchaser and furnished
selling dealer. In order to satisfy the requirements for exemption, the affidavit must contain all of this
information and be completed in full.
Florida Broward
STATE OF COUNTY OF
' READ CAREFULLY BEFORE SIGNING'`'`*
Before me this day appeared the affiant named below, who being duly sworn, states that:
and
1. I have read Rule 12A-1.007(10), Florida Administrative Code, and § 212.05, Florida Statutes;
In Florida at the
2. I am not a resident of the State of Florida and did not make my permanent place of abode
time of taking delivery of the aircraft described below; and
described aircraft
I am not engaged in Florida in any employment, trade, business, or profession for which the
will be used in Florida; and
or makes his
4. I do not represent a corporation which has any officer or director who is a resident of Florida,
or her permanent place of abode in Florida; and
with authority to
5. I do not represent an artificial entity other than a corporation which has any individual vested
managemen t, direction, or control of the affairs of the entity who is a resident of Florida or
participate in the
makes his or her permanent place of abode in Florida; and
6. I agree to furnish the Florida Department of Revenue (within 30 days of the date of departure)
written proof
that this aircraft was licensed, titled, or registered outside Florida; and
7. I agree to furnish the Florida Department of Revenue (within 10 days of the date of departure) invoices
for
documentati on issued by an out-of-state vendor or
fuel, tie-down or hangar charges, repairs, or other similar
supplier which identifies this aircraft and its timely removal (including the FAA registration number).
PLEASE TYPE OR PRINT THE FOLLOWING INFORMATION:
Industrial Integrity Solutions, LLC SSN
Name of purchaser
If purchaser is a corporation or partnership, list officers or partners
Naar
T.I.N.
Purchaseessint address (Street)
(City) (State/Country) (ZIP)
Purchaser's daytime telephone number ( D.O.B.
Purchasers driver's license number and state of issuance
Purchaser's passport or visa number
N/A
Name of selling dealer or broker
Address of selling dealer (Street)
(City) (State/Country) (ZIP)
Selling dealer or broker's Florida certificate of registration number
Selling dealer or broker's telephone number
MAY (Day) (Year) 2021
Date of sale (Month)
(continued on reverse side)
EFTA00022949
Description of Aircraft
SIKORSKY S76C++ Year 2008
Make Model
N722JE
Serial number 760750 FAA registration number
(Check one) New O Used aa
Purchase Net purchase
price $ 1.800,000.00 Trade-in $ price $
Primary location of aircraft while in Florida KFXE AIRPORT
herein under
I claim exemption from Florida sales and use tax on the purchase price of the aircraft described
s. 212.05(1}(a)2, Florida Statutes, for the following reason (check one):
O The aircraft will be removed from Florida within 10 days of the date of purchase.
to a repair facility and
Gil The aircraft requires repairs, additions, or alterations and it will immediately be taken
work.
will be removed from Florida within 20 days (excluding tolled days) after completion of the
are true to the best of my
Under penalty of perjury, I declare that I have read the foregoing and the facts alleged
to comply with the requiremen ts of this affidavit, I will be liable for
knowledge and belief. I understand that if I fail
payment of the tax and a mandatory penalty equal to the tax.
Signature of affiant/purchaser
Sworn to (or affirmed) and subscribed before me this day of
Signature of Notary A et; in
reti
he
Print, type, or stamp name of Notary
O Personally known
O Produced identification
Type of Identification:
Distribution of Dom ments
The original affidavit and a copy of the sales invoice, bill of sale, or closin ocument must be sent to the Florida
Department of Revenue, Aircraft Enforcemen t Unit, P.O. Box 6417, Tallahass Ft. 32314-6417 within five (5) days of the
date of sale.
part of the de s records.
A copy of the affidavit must be retained by the selling dealer and made a
The selling dealer or broker should provide the purchaser with a copy.
Notice To Dealers
accepted by the Department evenue and
Affidavits not filed within five (5) days of the date of sale may not be
and interest due.
the selling dealer or broker may be billed for tax, penalty,
EFTA00022950
ACKNOWLEDGMENT
A notary public or other officer completing this
certificate verifies only the identity of the individual
who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or
validity of that document.
State of California
County of SM1 110171441,071NO
On MO\ ir 1 202.1 before me.alittki CieteCOV. ( 310(41.41Zit t\lini
(insert name and title of the officer)
/411.•
Rie1
personally appeared CO:/4112X> AVM
who proved to me on the basis of satisfactor y
k—k/ OL;r)
evidence to be the personforl whose name,(el is/a4
subscribed to the within instrument and acknowledged me that he/sife/ady executed the same in
to
his/peeir authorized capacityOg), and that by his/pet/9;4r signaturecier on the instrument the
personcsor, or the entity upon behalf of which the persoracted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
JUUAN CARLOS GONZALES
COMM. #2353114
WITNESS my hand and official seal. Notary Public • California 3
*midi
cat Crearn,27 2025
o
EFTA00022951
SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
(this "Second Amendment") is made and entered into as of the 71° day of May, 2021 (the
"Effective Date"), by and between Hyperion Air, LLC ("Seller") and Industrial Integrity
Solutions, LLC ("Purchase?), 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-76C-++ aircraft, bearing
manufacturer's serial number 760750, and currently registered with the United States Federal
Aviation Administration as N722.IE. 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 ($100,000), 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 instructions;
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),
EFTA00022952
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 ($200,000), 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 I of this
Second Amendment will not be effective unless and until Seller receives the full amount of
the Deposit in accordance with Seller's disbursement instructions.
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
EFTA00022953
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:
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, LLC
By:
Print: Rich Munkvold
Title: Chief Financial Officer
3
EFTA00022954
SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
This SECOND AMENDMENT TO AIRCRAFT PURCHASE AGREEMENT
(this "Second Amendment") is made and entered into as of the 7t°
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-76C++ 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 ($100,000), 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 instructions;
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),
EFTA00022955
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 ($200,000), 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. Wand 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 accordance with Seller's disbursement instructions.
L-a-,v-oceste..
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
EFTA00022956
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 OMrtid,
Print: Darren Indyke
Title: Authorized Representative
Purchaser:
Industrial Integrity Solutions, LLC
By:
Print: Rich Munkvold
Title: Chief Financial Officer
3
EFTA00022957