BILL OF SALE & AGREEMENT For valuable consideration, the receipt of which is hereby acknowledged, this Bill of Sale and Agreement is hereby made and between LSI, LLC, at 6100 Red Hook Quarters Suite B3, St Thomas USVI 00802 (hereinafter referred to as "Seller") and William B. Hague, 6501 Red Hook Plaza Suite 201 St Thomas, USVI 00803 (herein after referred to as "Buyer") and entered on the I" day of November, 2011 and completed with MI payment and within the terms of the said agreement on the 1" day of November, 2011. Sale and Purchase "Seller" herby sells assigns and transfers and "Buyer" hereby purchases and acquires a 1996 Blue Perkins England (hereinafter referred to as "1996 Perkins") as described herein to wit. Make/Model: Blue Perkins England Year: 1996 Serial Number: U688497E Hours: 75 -kw-turbo hours 161623 Purchase Price and Payment The purchase price for "1996 Perkins" is $4,000.00, which the "Buyer" will receive "as is", with payment made in full via "check" to LS.1, LLC Delivery of 1996 Perkins As of 1" day of November, 2011 the "Buyer" is in full possession of said "1996 Perkins" Big N will transport "Buyer" to LSJ, LLC and said equipment will be transported to Red Hook Marina whereupon "Buyer will take full possession of said equipment. Seller's Warranties "Seller" hereby covenants, represents and warrants that "1996 Perkins" described above is free of all liens and encumbrances. "Seller" is the lawful owner of said equipment. The new owner becomes immediately responsible for the "1996 Perkins" and hereby releases "Seller" from any responsibility connected with said equipment. The new owner agrees to pay any and all bills that are incurred after the date and time of signing of this agreement. "AS" It is understood that this "1996 Perkins" is sold in "as is" condition, that no warranties other than expressly presented in writing herein are to be inferred or im • lied and that any warranty made by "Seller" or Agent must be