December 2011 Mr. Donald P. Bass President Avpro, Inc. 900 Bestgate Road, Suite 412 Annapolis, MD 21401 Re: Boeing Super 727-100, Serial Number 20115, Registration N908JE ("Aircraft") Dear Mr. Bass: Aamal Company Q.S.C, ("Purchaser") hereby expresses its intention to acquire from the client of Avpro, Inc., ("Seller") all of the Seller's direct and beneficial title, rights and interest in and to the Aircraft subject to the following terms and conditions: 1. Purchase Price. (a) The Purchase Price for the Aircraft delivered as provided in Paragraphs 3 and 5 hereof shall be US$4,000,000. In addition to the Purchase Price, it is estimated that an amount equal to approximately $2,000,000 (the "Completion Work Price") of Post-Closing Work (as defined in Paragraph 4(a) below) shall be performed on the Aircraft as more particularly to be specified and agreed upon in a separate Agreement (the "Completion Agreement") between Purchaser and Intemational Jet Interiors located in Ronkonkoma, New York ("IJI") which is to be entered into concurrently with the execution of the Purchase and Sale Agreement between Purchaser and Seller described in Paragraph 6 below. The total of the Purchase Price and the Completion Price shall hereinafter be referred to as the "Total Aircraft Price". (b) The Total Aircraft Price shall be payable by Purchaser as follows: (i) within two (2) business days of Seller's acceptance of this offer, Purchaser shall place a refundable deposit in the amount of US$500,000.00 in escrow with Insured Aircraft Title Service, Inc., in Oklahoma City, Oklahoma (the "Escrow Agent"), pending execution of a mutually agreeable Purchase and Sale Agreement described in Paragraph 6 below and governed thereafter by said agreement; (ii) upon execution of the Purchase and Sale Agreement (defined in paragraph 6 below) and the Completion Agreement, the Purchaser shall deliver to IJI a deposit of $1,000,000 and shall deliver to the Escrow Agent to hol