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EFTA01207520

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LETTER OF INTENT THIS AIRCRAFT LETTER OF INTENT is made as of April 21, 2015 BETWEEN (1) WINDSTAR CAPITAL CORPORATION, a company organized and existing under the laws of the Cayman Islands, together with it's successors and/or assigns (the "SELLER") and (2) PLAN D, LLC, a company organized and existing under the laws of the United States Virgin Islands (the "BUYER") NOW, THEREFORE, in consideration of the mutual covenants herein contained, the receipt and sufficiency of which is hereby acknowledged, IT IS AGREED as follows. Subject to the Parties executing a definitive Aircraft Purchase and Sale Agreement, Seller desires to sell, and Buyer desires to purchase the Boeing BBJ aircraft, Production number YD- 404, Registration Number OE-ILX together with two (2) GE CFM56-7B27 engines, serial numbers 888428 and 888429, and Honeywell GTCP131-9B APU, serial number P-5991, and all avionics and accessories therein, including, without limitation, Four (4) auxiliary fuel tanks installed by PATS, together with all aircraft maintenance records, pilot's operation handbook, engine and airframe logbook and auxiliary power unit logbook, all of which shall be current, complete and continuous from the date of manufacture through the date of closing of the Aircraft sale and purchase transaction between the Parties ("Closing"), including any and all equipment specified in that certain Purchase Agreement No. between The Boeing Company and Seller dated as of , and all side letters and letter agreements thereto (the "Boeing Contract") (collectively referred to as the "Aircraft" ). The purchase price to be paid for the Aircraft shall be U.S. $25,000,000 (Twenty-Five Million U.S. Dollars) inclusive of the Full Deposit (as defined below) PLUS Clear Title to Boeing 727-100 SIN 20115 Registration No: N-908JE (The trade-In aircraft ). Seller and Buyer intend that Seller shall sell and that Buyer shall purchase the Aircraft on the terms and conditions hereinafter set

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