..f Made Life Extension I 62AE Subject' PTE ,ade Life Extension 162AE From: Ted Osgood <[email protected]> Date: 11:39 AM To: George Reenstrall CC: Mike Dwyei Joan Roberts George and Larry Attached is a letter from Turbomeca granting a 300 hour extension to the life of the PT blades. Per the Letter Agreement between Freedom Air International Inc. and ASI Wings LLC, please ask Insured Aircraft Title Service to release the $25,000 held in escrow to Aetna. Thanks, Ted Ted Osgood Aircraft Sales Director Guardian Jet, 1.1,C 1445 Boston Post Road Guilford, CT 06437 wN\ w. mars oin c .cool This message has been scanned for viruses and dangerous content by MailScanner, and is believed to be clean. —Attachments: 0206-SP-2011 Aetna MO4 PT blade usage extension.pdf 42.7 KB 1 of I 7/28/2011 11:41 AM CONFIDENTIAL Subject to Protective Order IATS - 000141 SDNY_GM_02774246 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00260886 EFTA01339514

SAFRAN USA ARRIEL 2 FT BLADE USAGE LIFE LMIT SPECIFIC EXTENSION 0206/SP/2011 SUBJECT REQUEST FOR: LIFE UMIT EXTENSION ON FT BADES SET SINo 49 CUSTOMER Company Mina I Request Dale 26 kly 2011 AIRCRAFT RemWebon N162AE Type'. S-76C. €LINE • Version 1 Variant: Mid 2S1 Engine Sffil • 20040 TSN :5602.4 I TSO: 2891.6 I TSR:N/A GENERAL INFORMATION :• : Sill TSN TSO I TSR Modulo 1 : 0040 Module 2: 00703TEC Mockie 3 0040 I Module 4. 0040 6682 4 2891 6 I 2891.6 Mock* 5: 0I477TEC I REASON FORREEMEST - lithe T.- . • .1.:. ''t i . III:I./. Customer is requestng TOO extensmi due to the letweing reasons To ago rrainleronce 36005 (blade terbee due to use WM wei TOO of the module as cicemy as posmie Comments . Expansian of use Suit of the PT blades to 7000 Ms is being vaadated and will be issued Shortly. at that true this concession is obscene, ANALYSIS CONCLUSION -.,)etti.• . - . pt. - - - • s .. V.:WSW:4 Using the plasmas, provided to TUROOMECA by Moto Aviation Inc and the subsequent analysis performed by TURBO/SECA TUROOMECA considers that the mooned information does not prevent Aetna from flying with an extension of 300 hours on Power Turbine Blades SIN 49 fora revised Usage Limit of 6300 hours The extension, issued in accordance with EASA Part 21, Subpart J Design °ionization Approval EASA 2IJ 070, **stied le the allowing preliminary chocks and se specific maintenanCtipmgrarn PRELIMMARYCHEM - -7,.,...... _ e The taming checks must be ocefemed on this enema havmg a T6O eAtosISMa (Men ticked)' O Cheek for abnormal noose on crank engine cold and tarn° the engine rundoan. 0 Engine vibabon check. O Engine CerfOrmanCeChee4 0 Compressor er03.3.1. 0 Rear Deanne permehheay 0 acco=0:40, 0 SOAP analysis. 0 Engine .mdown time The thane resists MAI be noted done in sawn 'E' cd the logbook of te concerned engine. Please mum the Checks rotes to lye extension wrier. My anomaly resulting horn these chocks cancels the extesion. ENR0700 EN Page 1 of 2 AV Inlonnollat aid au appeals. ea IN • dominos( a,. lib...Only@ 'roped/ a r CONFIDENTIAL Subject to Protective Order IATS - 000142 SDNY_GM_02774247 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA _002608117 EFTA01339515

-a, SAFRAN tarn:Aim a I IcA ARRIEL 2 FT BLADE USAGE LIFE LIMIT SPECIFIC EXTENSION 0206/SP/2011 (Cont.) SPECIFIC PREVENTIVE MAINTENANCE PROGRAM The following Checks/Tasks must be pealonned on this engine having a TOO erlensisn (Wien Sicked). O Check for abnorma ogee on crank engine cold and doing the engine undo*, aver the last light of the day O Ergne vibrabon amok every hours O Engine performance Ova every bass o Congener erosion every hours O Row bearing pwineablity (if applicable) ta SOAP analysis every 100 hours O Engine rundown erne I daily. El Check for be; demon in the a every toss CI Charadenno chea 01 the fuel coned system every hours. O Inspection of magnetic plugs every hours. CI Daily check kir a teaks every hours (a Comply Mg the agatiatte Arad Maatenance Manual program My anomaly found dunng this preventwe mcentenance program or any event octants? sag the sine 01 the extension must be reported to TURBOMECA It temporarily slops the extension. The extension must be re-confirmed by a 71JRBOMECA approval. Evidently the instructions given in TURSOMECA approved documentation are still applicable throughout the °sabot, of this extension (including but not fl ed to Mantenanoa Marva Service Bulletins. Service Letters. . ) EXTENSION CANCELLATION CONDfTIONS' This extension will immediately be cancelled for any of the knowing reasons - return of the equgnent(s) to a Repair Centre. - 4 his extension given by Turtoneca and the (tracks resifts enc.:Rated - in section V of the logbook of the concerned engine - AND on fie log card of tie concerned component • he MA We Of eV T90 of a component has been exceeded Maintenance Marna° • Any event. anomaly or pail removal. must be reported to Turbomoca. confirmed by a Tutomoca apaorat • Transfer of Ownersh0 or operator prior to or dorm the extension - charge of us:mating airframe This extension we invnedately be anoNal for any of the folororg reasons 0 Maintenance Manual update. 0 this use knit extension is canceled il an activity report rs not transmitted O Change of type of operation or activity area prior to or during Me 0 Change of engine configuration (example . rooglar granges). O Change of rreintencnoe procedure or maintenance centre O End of contract actmty. O GB classified 2.2 to 2.5 is (are) not embodied are not noted down : doing the peed el this extension (refer to the Chapter 5 of the It temporanly stops the extension. The extension must be re. Wen Mud) to ruffle' every 6 months a 100 how. extension. t• WanUETURWITFiagiri.r .! - c -, ,, TECHNICALSUF00RT ENGINEERING MANAGER APPROVAL Extension writer name :Steven M. Ponlicelli r . i al Signature: :AP" y Name'. Francis flatfeet fi ......A°.:.-• - :‘,.. Signature ' ENR0700_EN Page 2012 inicenstb• rag risto Appearing et INS examen an env offigislof pooptly Of TURBOYECA. AlrypNe use of WO lolonnalkof G. sofl ow* is setisce to prior wins wok TURSOILCA Tiebeenne San Betas - keit* - Ptcm •33 eir. 39 1730 OD - 41(0)5 SOS] is *2 or CONFIDENTIAL Subject to Protective Order IATS - 000143 SIDNYGM_02 774248 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00260888 EFTA01339516

funds to atty escrow Subjett• -ids to atty escrow From: "George Reenstra" Date: 1:13 PM To: CC: "Michaels Eric J." "Rohrberger, Robert 1." 100k disbursement from closing of Sikorsky 760750. Please wire the funds reference the info below. Send me a confirmation. thanks George Reenstra Aircraft Services Group Inc 212 Route 94, Ste 2E 1110 Email: qeoreeavouriet cam From: Michaels, Eric ). (mailto Sent: Tuesday, July 26, 2011 2:03 PM To: Jonathan Parker; George Reenstra; Rohrberger, Robert ). Subject: FW: This is what I will be sending Jon Parker when you tell me Jon and George: This is the trust account wire instructions. The client number and matter number we have is Aircraft Services Group. Inc 017651 Loan Restructuring 00008 You should let me have a head's up when the money is wired so that I can alert the wire desk Thanks Eric J Michaels. Esq. Attorney at Law MILD LLP (New Jersey) (New York) From: Cordi, Maryann Sent: Tuesday, July 26, 2011 1:52 PM To: Michaels, Eric J. Subject: This is what I will be sending Jon Parker when you tell me 1 012 7/26/2011 1:17 PM CONFIDENTIAL Subject to Protective Order IATS - 000144 SDNv_Gm_o2774249 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00260889 EFTA01339517

funds to atty escrow Rose' 'Ind Attorney Trust Account: Please provide the following to the Party who is transferring funds: 1. Valley National Bank Address: I Passaic Avenue Fairfield, NJ 07004 2. Wires ABA Number: 3. Account Number- Fox Rothschild LLP - Attorney Trust Account 4. For credit to: **please reference the Client/Matter Number Maryann Cordi Legal Administrative Assistant to Eric J. Michaels and Todd A. Palo Fox Rothschild. LLP 75 Eisenhower Parkway Roseland, NJ 07068 email - ATTENTION: IRS CIRCULAR 230 DISCLOSURE: Pursuant to Treasury Regulations, any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used or relied upon by you or any other person, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any tax advice addressed herein. ------------------------------ This e-mail contains PRIVILEGED AND CONFIDENTIAL INFORMATION intended only for the use of the Individual(s) named above. If you are not the intended recipient of this e-mail, or the employee or agent responsible for delivering this to the intended recipient, you are hereby notified that any dissemination or copying of this e-mail is strictly prohibited. If you have received this e-mail in error, please immediately notify us by telephone at (215)-299-2167 or notify us by e-mail at [email protected]. Also, please mail a hardcopy of the e-mail to Fox Rothschild LLP, 2000 Market Street, Philadelphia PA 19103-3222 via the U.S. Postal Service. We will reimburse you for all expenses incurred. Thank you. This message has been scanned for viruses and dangerous content by MailScanner and is believed to be clean. 2 of 2 7/26/2011 1:17 PM CONFIDENTIAL Subject to Protective Order IATS - 000145 SDNY_GM_02774250 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA_00260890 EFTA01339518

v) C cz m C)2 m 0 m Escrow Report Registration Nbr Serial Nbr Reference Escrow Agent - 0 162AE AETNA INC JR 70 Prom/To Transaction Data Amoautt Is Amount Out 0 IBC WIRE - AETNA INC 6/29/2011 5100,000.00 H IBC WIRE - FREEDOM AIR INTERNATIONAL INC 6/30/2011 5100,000.00 M IBC WIRE-JEFFREY EPSTCN 7252011 51,404,945.00 n IBC WIRE • AETNA INC OPERATING 706001! 511.803.902.50 H IBC WIRE - FREEDOM AIR INTERNATIONAL INC 7262011 SI 1,800,000.00 C IBC WIRE- AETNA INC OPERATING 7/260011 $1,373,957.50 17 1 IBC WIRE - BK AMER NYC 7/2692011 trA4 4#4- 14) C 5100,000.00 0 IBC WIRE- AIRCRAFT SERVICES GROUP NC 017651 7/292011 ,4 sa —5100,000.00 xi Co IBC WIRE - AETNA NC OPERATING 8/ 52011 525,000.00 0 171 °. -co n IBC C1(9203901ATS IBC C1(920391 IATS 7/29/2011 712W2011 59,410,00 5480.00 7J 5 I °talc SI3.408.847 50 $13,408847.50 '0 > 2.3 g Balance 50.00 (1) O -C 1-s to ul To CU t ); Tuesday, November 29, 2011 Page 1 of I V - I 0_ Nn CO EFTA01339519

CLOSING SETTLEMENT STATEMENT - SELLER Sikorsky S76C+, S/N 760472, N162AE SELLER ASI Wings LLC Selling Price $1,500,000.00 Money Received by Seller in Advance of Closing BUYER Freedom Air International inc Purchase Price $1,500,000.00 Money Paid by Buyer in Advance of Closing Deposit Rcvd (Deposit nem in escrow) $100,000.00 Deposit Sent $100,000.00 Total Money received in escrow $100,000.00 Sellers Additional Fees/Adjustments Funds Retained in Escrow ($25.000.00) Guardian Jet Commission ($100,000.00) Total Money in escrow $100,000.00 Buyers Additional Fees/Adjustments 1/2 of Escrow Fee (51.042 50) 1/2 of Escrow Fee $1.042.50 Total Sellers Adjustments ($126.042.50) Total Buyers Adjustments $1.042.50 Pre-Closing Summary Pre-Closing Summary Sale Price $1,500,000.00 Sale Price $1,500,000.00 Total Money Received in escrow ($100.000.00) Total Sellers Adjustments ($126.042.50) Total Buyers Adjustments $1,042.50 Proceeds Due at Closing $1,373,957.50 Amount Due at Closing $1,401,042.50 CLOSING FUNDS IN ESCROW Buyer's Deposit $100,000.00 Due from Buyer at Closing $1,401,042.50 Total Funds $1,501,042.50  OUTGOING FUNDS (Via Separate Wires from Escrow) Proceeds Due to Setter' $1,373,957.50 Funds to be held in escrow per Letter Agreement $25,000.00 Insured Aircraft Title Service $2,085.00 Guardian Jet $100,000.00 Total Distributed $1,501,042.50  NOTES: Proceeds we be pate to Sae( yia the to tructicns enacted ASI Wings LLC Signature Date Printed Name CONFIDENTIAL Subject to Protective Order IATS - 000147 SDNY_GM_02774252 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00260892 EFTA01339520

CLOSING SETTLEMENT STATEMENT - SELLER Sikorsky S76C++, SIN 760750, N722JE SELLER Freedom Air International Inc Selling Price $11,900,000.00 BUYER ASI Wings LLC Purchase Price $11,900.000.00 Money Received by Seller in Advance of Closing Money Paid by Buyer in Advance of Closing Deposit Rcvd (Deposit held in escrow) Total Money received in escrow $100.000.00 $100,000.00 Sellers Additional Fees/Adjustments 1/2 of Escrow Fee ($3,902.501. Total Sellers Adjustments ($3.902.50) Deposit Sent Total Money in escrow $100,000.00 $100,000.00 Buyers Additional Fees/Adjustments 12 of Escrow Fee $8902.50 Total Buyers Adjustments $3,902.50 Pre-Closing Summary Pre-Closing Summary Sale Price $11.900.000 00 Sale Price $11,900,000.00 Total Money Received in escrow ($100,000.00) Total Sellers Adjustments ($3,902.50) Total Buyers Adjustments $3.902.50 Proceeds Due at Closing $11,898,097.50 Amount Duo at Closing $11,803,902.50 CLOSING FUNDS IN ESCROW Buyers Deposit $100,000.00 Due from Buyer at Closing $11,803.902.50 Total Funds $11,903,902.50  OUTGOING FUNDS (Via Separate Wires from Escrow) Proceeds Due to Seller' $11,896,097.50 Insured Aircrraft Title Service $7,805.00 Total Distributed $11,903,902.50  NOTES: ' Proceeds vall be paid to serer via the instructions attached ASI Wings LLC Signature Date Printed Name CONFIDENTIAL Subject to Protective Order IATS - 000148 SDNY_GM_02774253 SUBJECT TO PROTECTIVE ORDER PARAGRAPHS 7, 8, 9, 10, 15, and 17 EFTA 00260893 EFTA01339521