From: Sent: Thursday, January 26, 2012 8:56 PM To: [email protected] Subject: Bell 430 offer for your approval Jeffrey, after reviewing my notes on the budget to repair the Bell 430, you mentioned a cost of $350k for repair work, actually the known items needing to be completed to make airworthy are= $293,393.14 the additional $59,819.34 was interior work, which in my opinion is high, we should be able to get bette= pricing in USA, if you would prefer to accomplish interior once helicopter=20 arrives in USA. Estimated Labor charge for maintenance requested: Labor f24,275.00 pounds sterling = USA $37,805.64 Parts estimated: = =nbsp; &nb=p; $255,587.50 total for Maintenance &nbs=; &=bsp; $293,393.14 Interior quote in Pounds f38,410.00= 59,819.34 USD: Total $353,212.48 maintenance and interior from PremiAir in UK,.<=DIV> Jeffrey, this is my rough draft for your approv=l, if you could critique ? Mr. Craig Lamminman, We would like to offer the following conditions in the purchase of N90=RL a Bell 430 helicopter. -Purchase price to be $1,600,000.00 USD "As is, Where is" -A refundable $100,000.00 would be paid to escrow, Buyer has right to=20 complete oil analysis of engines, tail rotor gear box and main rotor gear b=x at buyers expense. -PremiAir will be contracted to completed the quoted work scope estima=e below, at requested reduced price of $250,000.00 USD. -it is understood there will be discrepancies found and =will be subject to buyers approval, repaired at current shop hourly rate, and wi=I be considered over and above the fix quote provided by PremiAir. -I am making arrangements for the Chief Inspector from Edwards &a=p; Assoc in Fort Lauderdale (A Bell owned company), Chris Gray, who is=20 currently on Cyprus Island, to visit the Bell 430 this weeke=d on his return trip to the USA and evaluate the Bell 430. I would like Chris Gr=y to wittness the engine monthly test run during his visit. please advise if these are acceptab