velopments, Inc., Trustee, a Delaware corporation, whose address is 2711 Centerville Road, Suite 400, Wilmington, DE 19808 and Bovale Developments, Trustor, a Irish company (together the "Seller"), and I lyperion Air, Inc., a Delaware corporation, whose address is 103 Foulk Road, Suite 202, Wilmington,

velopments, Inc., Trustee, a Delaware corporation, whose address is 2711 Centerville Road, Suite 400, Wilmington, DE 19808 and Bovale Developments, Trustor, a Irish company (together the "Seller"), and Hyperion Air, Inc., a Delaware corporation, whose address is 103 Foulk Road, Suite 202, Wilmington, D

tions, LLC, a wholly owned subsidiary of EAT and disregarded entity ("Steen") Seller: Bovale Developments, Inc., Trustee and bovadle Develoments, Trustor initials EFTA00301844 Hyperion Air, Inc. February 2012 Page -2- Dear Darren: This letter provides important instructions and information con

nmill Square, Suite 3A2, Concord, MA 01742 (hereinafter referred to as "Assignee"), and Bovale Developments, Inc., Trustee and Bovale Development, Trustor (hereinafter collectively referred to as "Seller") with reference to the following facts: WHEREAS, Assignor and Seller have entered into a certain

ain Construction Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing dated September_, 2010 ("Deed of Trust"), by Assignor, as Trustor, to , as Trustee, for Assignee, as Beneficiary, which Deed of Trust secures an obligation or obligations in the original principal amount of Eigh

ain Construction Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing dated September_, 2010 ("Deed of Trust"), by Assignor, as Trustor, to , as Trustee, for Assignee, as Beneficiary, which Deed of Trust secures an obligation or obligations in the original principal amount of Eigh

TA00285815 EXHIBIT B WARRANTY BILL OF SALE The undersigned. Bovale Developments, Inc., 'trustee. a Delaware corporation and Bovale Developments. Trustor, a Irish company (together the "Seller"). is the owner of the full legal and beneficial title in e Bell 430 helicopter bearing Manufacturer's Seria

EXHIBIT B WARRANT BILL OF SALE The undersigned. Bovale Do elopments, Inc., Trustee. a Delaware corporation, and Bovale Developments, Trustor. a Irish company (together the -Sel krt. is the owner of the full legal and beneficial title in and to the Bell 430 helicopter bearing Manufacturer'

ent") dated February 28, 2012 (the "Agreement") by and between BOVALE DEVELOPMENTS, INC., Trustee, a Delaware corporation, and BOVALE DEVELOPMENTS, Trustor, a Irish company (together the "Seller"), and HYPERION AIR, INC., a Delaware corporation ("Purchaser"), Purchaser hereby acknowledges the delivery

ent") dated February 28, 2012 (the "Agreement") by and between BOVALE DEVELOPMENTS, INC., Trustee, a Delaware corporation, and BOVALE DEVELOPMENTS, Trustor, a Irish company (together the "Seller), and HYPERION AIR, INC., a Delaware corporation ("Purchaser"), Purchaser hereby acknowledges the delivery a

SALE .1' 7. EAr2, 4 74,7, R b, n, -1 ye The undersigned, Bovale Developments, Inc., Trustee, a Delaware corporation Ss Bovale Developments, Trustor, a Irish company (together the "Seller"), is the owner of the full legal and beneficial title in and to the Bell 430 helicopter bearing Manufacturer

"Trustee"), Bovale Developments, a Irish company (the "Trustor"), and Hyperion Air, Inc., a Delaware corporation (the "Buyer"). The Trustee and the Trustor, as Seller (the "Seller"), and Buyer, as Purchaser, have entered into an Aircraft Purchase Agreement dated February 28, 2012 (the "Purchase Agreemen

EXHIBIT B WARRANTY BILL OF SALE The undersigned, Bovale Developments, Inc., Trustee, a Delaware corporation, and Bovale Developments, Trustor, a Irish company (together the "Seller"), is the owner of the full legal and beneficial title in and to the Bell 430 helicopter bearing Manufacturer