Offer to Purchase Seller: JEGE Inc, 6100 Red Hook Qtrs Ste B-3, St Thomas VI 00802-1348 U.S.A in care of Equus Global Aviation, Gary Anzalone Buyer: Effective Date: March 10, 2014 Offer to Purchase: Buyer offers to purchase all of the shares of JEGE, Inc ("Company") with all assets including, but not limited to the below-referenced Aircraft and FAA Part 125 operating certificate issued to JEGE for Two Million Five Hundred Thousand US Dollars ($2,500,000.00 USD) as the purchase price (the "Purchase Price"), subject to the following terms and conditions set forth in this Offer to Purchase. This Offer is non- binding and will be used to agree upon and as the commercial points to prepare the binding Aircraft Purchase Agreement. Aircraft: Aircraft / Company Condition: ii Page "Aircraft" shall mean one (1) Boeing 727-100, bearing manufacturer's serial number 20115, and currently registered in the United States as N90f3JE, together with two Pratt and Whitney JT8D-119 engines and one Pratt and Whitney JT8D-7B engine, serial numbers to be provide in the Aircraft Purchase Agreement and all aircraft documentation in Seller's possession as delivered with the Aircraft when new from Boeing. It is understood this is a used aircraft and will purchased as is according to the terms of this Offer to Purchase, "Offer" and as detailed in the Aircraft Purchase Agreement, "the Agreement". Seller warrants and shall cause at Seller's expense that upon delivery, the Aircraft shall be airworthy under all FAA requirements with a fresh "C" inspection and current engine shop visits (currently in process). All aircraft systems and installed equipment and accessories shall be operating normally in accordance with manufacturers' specifications; no existing fuel leaks, no corrosion outside of manufacturers limits; and with all maintenance and operating manuals and wiring diagrams in Seller's possession delivered with the Aircraft at closing. Aircraft shall b