ER ; ACCOUNT 500000.00 0 W BANK OF AMERICA H.A. M.Y. DAMP°, 100 MDSE 31RD STREET, HE 000033038810 MARTIN KOSIWAR,TRUSITE MONIQUE A M KOBINGER, TRUSTEE 290 U41014 ST SAN PRANCI.503 CA 94133- 3514 121000248 VOID /ACC/PERSHING LW. // PERSHING LLC 6100 RED 1403X 81.4y OUST RRN - 150)071352000023

TDD/TTY user En Espanol: 1. bankofamerica.com 115 Bank of America, N.A. P.O. Box 25118 Tampa, FL 33622-5118 Account number: RICHARD RESSLER, TRUSTEE 511,777,314.91 519.23 -aoo -11.718,010.00 -0.00 -0.00 559,824.14 PU.L: E CYCLE: 24 SPEC: 0 CCLIVERY: P TYPE: IMAGE: A BC: NY Page 1 of 4 E

111. Pursuant to the Aircraft Purchase Agreement (the "Agreement") dated February 2012 (the "Agreement") by and between BOVALE DEVELOPMENTS, INC., TRUSTEE. a Delaware corporation ("Seller'), and HYPE.RION AIR, INC.. a Delaware corporation ("Purchaser"), Purchaser hereby acknowledges the delivery and a

. Lauderdale, FL 33301 JACK A. GOLDBERGER, ESQUIRE, 250 Australian Ave. S., Suite 1400, West Palm Beach, FL 33401 THE HONORABLE HERBERT M. STETTIN, TRUSTEE, One Biscyanc Tower, Suite 3700, Two South Biscayne Blvd., Miami, FL 33131 ROBERT CARNEY, SPECIAL MASTER, 2281 Saratoga Lane, West Palm Beach, FL 3

NOT OMIT ANYTHING LIKELY TO AFFECT THE IMPORT OF SUCH INFORMATION. NONE OF THE INITIAL PURCHASER, THE PLACEMENT AGENT. THE COLLATERAL MANAGER. THE TRUSTEE. THE COLLATERAL ADMINISTRATOR. THE SHARE TRUSTEE THE ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES OR ANY AFFILIATES OF THE CO- ISSUERS HAS SE

.4B INITIO. AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE. NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. EACH TRANSFEROR OF THIS NOTE OR AN INTEREST HEREIN AGREES TO PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS SET FORTH HEREIN AND

BOVE. EACH PERSON RECEIVING THIS OFFERING CIRCULAR ACKNOWLEDGES THAT SUCH PERSON HAS NOT RELIED ON THE INITIAL PURCHASER. THE PLACEMENT AGENT. THE TRUSTEE, THE COLLATERAL MANAGER, THE COLLATERAL ADMINISTRATOR. THE SHARE TRUSTEE. THE ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES OR ANY AFFILIATES

.4B INITIO. AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE. NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE CO-ISSUERS, THE TRUSTEE OR ANY INTERMEDIARY. EACH TRANSFEROR OF THIS NOTE OR AN INTEREST HEREIN AGREES TO PROVIDE NOTICE OF THE TRANSFER RESTRICTIONS SET FORTH HEREIN AND

CURITIES DO NOT REPRESENT AN INTEREST IN OR OBLIGATION OF. AND ARE NOT INSURED OR GUARANTEED BY. THE INVESTMENT MANAGER, THE INITIAL PURCHASER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS A

, AND WILL NOT OPERATE TO TRANSFER ANY RIGHTS TO THE TRANSFEREE, NOTWITHSTANDING ANY INSTRUCTIONS TO THE CONTRARY TO THE ISSUER, THE CO-ISSUER, THE TRUSTEE OR ANY INTERMEDIARY. THE ISSUER HAS THE RIGHT, UNDER THE INDENTURE, TO COMPEL ANY INELIGIBLE HOLDER (AS DEFINED IN THE INDENTURE) TO SELL ITS INTER

ARATION RE: JOHN H. GENOVESE ON BEHALF OF GENOVESE JOBLOVE & BATTISTA, P.A. AS SPECIAL LITIGATION AND CONFLICTS COUNSEL TO THE TRUSTEE FILED BY THE TRUSTEE HERBERT STETTIN (1556) and MOTION TO CLARIFY (RE: [888] ORDER ON MOTION TO COMPEL, [1068] AMENDED ORDER) RE: APPOINTMENT OF SPECIAL MASTER REGARDI

OPERATION OF LAW. WHERE THE INTERESTS IN THE PARTNERSHIP ARE ACQUIRED UNDER SECTION 305 OF THE SFA BY A RELEVANT PERSON WHICH IS A TRUST (WHERE THE TRUSTEE IS NOT AN ACCREDITED INVESTOR) WHOSE SOLE PURPOSE IS TO HOLD INVESTMENTS AND EACH BENEFICIARY IS AN INDIVIDUAL WHO IS AN ACCREDITED INVESTOR, THE

STMENTS AND THE ENTIRE SHARE CAPITAL OF WHICH IS OWNED BY ONE OR MORE INDIVIDUALS, EACH OF WHOM IS AN ACCREDITED INVESTOR; OR (B) A TRUST (WHERE THE TRUSTEE iS NOT AN ACCREDITED INVESTOR) WHOSE SOLE PURPOSE IS TO HOLD INVESTMENTS AND EACH BENEFICIARY OF THE TRUST IS AN INDIVIDUAL WHO IS AN ACCREDITED INVE