June 21-,a 2017 Orel Acquisitions, LLC do Guardian Jet, LLC 102A Broad Street Guilford, CT 06437 Re: Gulfstream G65O, Serial Number 6044, United States Registration N82931/ (the "Aircraft") Elysium Management LLC, or its assigns ("Purchase?), submits this letter of intent to purchase the above referenced Aircraft from Orel Acquisitions, LLC or its assigns ("Seller") subject to the following terms and conditions: 1. Purchase Price. The purchase price for the Aircraft shall be US$4670, 00410018,a(al payable at time of delivery of the Aircraft to Purchaser. 2. Inspection and Movement Expenses. Purchaser shall have the right to perform a pm-purchase inspection of the Aircraft inotusive—ofthaulanutually aereeable_ancLfully defined as an exhibit in the cubseauent Purchase and Sale Agreement (as defined below) that may includc: (i) a standard Basic Package Gulfstream Aircraft/Records Condition Survey inspection; (ii) an ARCS Test-Flight not to exceed three (3) hours and such flight shall remain in the operational control of the seller and have no more than three (31 representatives from the Purchaser on board. (iii) a borescope inspection of the engines and APU ( ontin nt non Rolls Rov and lion vw Il's wrist n approval as w Il as th Purchaser and Seller agreeing to only abide by any corrective action that is specified solely by the engine and/or APTI OEM); (iv) below floor of galley and lavatory inspection; (v) cabin systems evaluation; (vi) cabin window thickness check; (vii) brake wear inspection; j(viii) external placard inventory;{-ix) any- M.. Durchaser and a eed to b.. Sella(cuolt-agreetne#snot-to be- S ates Certi teate _f "invorthineca (collectively, the "Inspection"). The Inspection shall be conducted at the Gulfstream Service Center, located in Savannah, Georgia (the "Inspection Facility"). The Inspection shall commence within five (5) business days after the execution of the Agreement (as defined in paragraph 5 below) or, if no ins