AIRCRAFT PURCHASE AGREEMENT THIS AIRCRAFT PURCHASE AGREEMENT (this "Agreement") is entered into as of February 28, 2012 (the "Effective Date"), by and between Bovale Developments, 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, DE 19803 ("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, one Bell 430 helicopter bearing Manufacturer's Serial No. 49078 and U.S. Registration No. N90 IRL, together with its equipped engines and all avionics, equipment, systems, furnishings and accessories installed on, contained in or attached to said helicopter and engines, and also including all loose equipment that is normally or currently part of the helicopter and all aircraft records and documents associated with the helicopter, all as is to be more particularly described in Exhibit A and Exhibit A-1 attached hereto, and also including all airframe, engine and accessory logbooks, flight and operation manuals, maintenance and overhaul records, checklists, drawings, any issued FAA Form 337's, warranty documents, and all other records and paperwork relating to the above-described aircraft 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: I. Purchase Price; Payment. Seller agrees to sell, and Purchaser agrees to purchase, the Aircraft for a total purchase price of One Million Five Hundred Eighty Thousand U.S. Dollars (US$1,580,000.00) (the "Purchase Price"), which shall be paid as follows: (a) Purchaser has placed a depo