LETTER OF INTENT October, 2015 RE: Boeing BBJ aircraft bearing manufacturer's serial number 30330 together with its engines and all aircraft documentation, appurtenances, appliances, parts, instruments, components, accessions, and furnishings (the "Aircraft"). Dear Sirs: ("Buyer") is pleased to present Jetcraft Corporation on behalf of its client ("Seller") with this Letter of Intent ("LOP) concerning the above-mentioned Aircraft. This LOI sets forth the terms and conditions of the offer. Purchase Price: US $ Deposit: Upon Seller's acceptance of this LOI and not later than two business days following the acceptance of this LOI, a US $1,000,000 deposit ("Deposit") will be placed in escrow with Kirk Woford at Insured Aircraft Title Service, Oklahoma City, Oklahoma. The Deposit shall become non-refundable upon execution of the Purchase Agreement and shall be applied towards the Purchase Price, except as otherwise provided in the Purchase Agreement. Conditions Precedent: This LOI is subject to execution of a mutually agreeable Aircraft Purchase Agreement ("Purchase Agreement") which shall be consistent with the terms of this LOI, with the first draft of the Purchase Agreement provided by Seller. The Purchase Agreement shall be executed no later than , 2015 unless otherwise extended in writing between Buyer and Seller. Aircraft Condition: The Aircraft is being sold "As Is, Where Is". Inspection Location: The Aircraft shall be made available for inspection (the "Inspection") at (the `inspection Facility"). Buyer shall be responsible for all costs incurred by Seller to move the Aircraft to the Inspection Facility. Inspection Date: Inspection: Buyer shall cause the Inspection to commence no later than two (2) business days following execution of the Purchase Agreement and it shall be completed as expeditiously as possible. The Inspection shall include such items as are mutually agreeable to Seller and Buyer as set forth in the Purchas