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-----Original Message----- From: David Dyer <[email protected]> To: [email protected] Sent: Mon, 23 Mar 2009 9:29 am Subject: Antilles Seaplanes Randall, It was good to talk to you on Saturday. I look forward to meeting you in the near future. As a follow up to our discussion, I am attaching several documents to this email. The first is a specification document which describes our standard aircraft. Next is a cost comparison spreadsheet contrasting our Super Goose with the Twin Otter and Caravan on floats. I am also sending you our standard Deposit agreement which I described to you over the phone. And last, I am enclosing a couple of brochures for you to share with whomever you would like. I will follow up with a phone call soon, but please feel free to contact me directly in the mean time with any feedback. Regards, David Dyer Antilles Seaplanes, LLC 1233 Springwood Ave. Gibsonville, NC 27249 T: 800.605.1619 C: 703.928.8295 F: 336.226.9949 [email protected] Visit our website at www.antillesseaplanes.com

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Page 1: Landing Distance Antilles Goose

-----Original Message-----

From: David Dyer <[email protected]>

To: [email protected]

Sent: Mon, 23 Mar 2009 9:29 am

Subject: Antilles Seaplanes

Randall,

It was good to talk to you on Saturday. I look forward to meeting you in the near future.

As a follow up to our discussion, I am attaching several documents to this email. The

first is a specification document which describes our standard aircraft. Next is a cost

comparison spreadsheet contrasting our Super Goose with the Twin Otter and Caravan on

floats. I am also sending you our standard Deposit agreement which I described to you

over the phone. And last, I am enclosing a couple of brochures for you to share with

whomever you would like. I will follow up with a phone call soon, but please feel free to

contact me directly in the mean time with any feedback.

Regards,

David Dyer Antilles Seaplanes, LLC 1233 Springwood Ave. Gibsonville, NC 27249 T: 800.605.1619 C: 703.928.8295

F: 336.226.9949

[email protected]

Visit our website at www.antillesseaplanes.com

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Antilles Seaplanes, LLC Deposit Agreement

This Deposit Agreement (Agreement) is by and between Antilles Seaplanes, LLC (Company) and the undersigned purchaser (Customer) for the purpose of reserving delivery position(s) and purchase price for the Antilles Goose aircraft to be manufactured by the Company.

Terms: A deposit of $50,000.00 USD per aircraft is due to Company upon execution of this Agreement in accordance with the terms and conditions herein. Such deposit shall be held in escrow by Company’s Counsel, or in such escrow account as may be requested by Customer and approved by Company, until the commencement of production of the Customer’s aircraft, at which time such deposit amount shall be due to Company. This deposit is non-refundable unless Company fails to produce the Customer’s aircraft. Thereafter, additional payments are required in accordance with the following schedule:

• $500,000.00 due within ten (10) days notice by Company to Customer of the start of manufacture of Customer’s aircraft;

• $1,000,000.00 due within ten (10) days notice by Company to Customer of the installation of engines on the Customer’s aircraft; and

• Balance of the purchase price due from Customer to Company upon delivery of the completed aircraft.

In consideration of the timely payment of the foregoing amounts, Customer shall be entitled to purchase the Super Goose aircraft for the Price per Aircraft set forth below, to be delivered in accordance with the Scheduled Delivery Date as set forth in the Purchase Agreement. Price per Aircraft: $2,988,000.00 USD, options extra.

Transfer: Subject to the Company’s approval, the Customer may transfer or assign its rights under this Agreement. Upon obtaining written consent of the

Company, and receipt by the Company of a $1,000.00 transfer processing fee, the transfer shall be effective. Such right to transfer shall not be unreasonably withheld. Heirs, Legal Representatives, Successors and Assigns: This Agreement shall be binding upon, inure to the benefit of, and be enforceable by and against the respective heirs, legal representatives, successors and assigns of all the Parties.

Governing Law: This Agreement shall be construed and enforced in accordance with the laws of the state of North Carolina. Notices: All notices, requests, demands, and other communications required under this Agreement shall be in writing, shall be mailed or delivered to the addresses set forth below in the signature blocks, and shall be deemed to have been duly given if delivered personally or by certified mail, return receipt requested, and postage prepaid. Any notice mailed shall be deemed to be given on the date it was deposited in the United States mail. If any notice is personally delivered, it shall be deemed given upon the date of such delivery. Entire Agreement: This Agreement sets forth the entire agreement and understanding of the Parties hereto. It may be amended, modified, superseded, rescinded or canceled only by a written instrument executed by both parties. Waivers: The failure of any party to the Agreement at any time or times to require performance of any provision under this Agreement shall in no manner affect the right at a later time to enforce the same performance. A waiver by any party to the Agreement of any term or condition, or the breach of any term, covenant, representation, or warranty contained in the Agreement, in any one or more instances, shall neither be construed as a further or continuing waiver of any such term or condition, or breach of any other term, covenant, representation, or warranty contained in this Agreement.

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The undersigned Parties have read the terms and provisions set out in the foregoing Deposit Agreement, and agree to such terms and provisions as set forth. Antilles Seaplanes, LLC By (print):______________________________________ Signature: ______________________________________ Date: __________________________________________ Title: __________________________________________ Antilles Seaplanes, LLC 1233 Springwood Ave. Gibsonville, North Carolina 27249 [email protected]

Customer: ___________________________________ By (print):___________________________________ Signature: __________________________________ Date: ______________________________________ Title: ______________________________________ SSN or Tax ID: ______________________________ Address: ___________________________________ ____________________________________________ Phone: _______________Fax:__________________ E-mail______________________________________

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Specification &

Initial_________________________ Description December, 2008 Exhibit “A”

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Table of Contents Section Page

1. General Description………..………………………………………………………...3

Certification………………………………………………………………….....…...3

Approximate Dimensions……………………………………………………....…..4

Design Weights and Capacities……………………………………………….........5

2. Performance………………………………………………………………….…........6

3. Powerplant & Accessories……………………………………………………….......7

4. Equipment List…………………………………………………………………...…..7

5. Electrical Power………………………………………………………………....…...8

6. Engine Indicating System……………………………………………………….......8

7. Environmental…………………………………………………………….....……... 9

8. Exterior………………………………………………………………...…….…….....9

9. Exterior Lighting…………………………………………………………….....…....9

10. Flight Controls……………………………………………...………………….........10

11. Fuel System…………………………………………………………….……….........10

12. Interior………………………………………………………………..…...…………10

13. Interior Lighting…………………………………………………………....……….11

14. Water Operating Accessories………………………………………………………11

15. Exterior Striping Options…………………………………………………………..11

16. Training………………………………………………………………………….......12

17. Warranty.....................................................................................................................13

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1. General Description All information herein applies to the Antilles G-21G Super Goose. The Antilles Super Goose is an aluminum, high wing, twin turbine powered ten-seat amphibious airplane. 1.1 Certification Antilles has approval from the FAA to deliver the Super Goose under Type Certificate 4A24. It will be fully rated for day, night, VFR and IFR. 1.2 Approximate Dimensions Overall Height (Wheels up and at Flight Level) 15.0 ft Overall Length 39.63 ft Wing Span (Floats Up) 50.94 ft Span (Floats Down) 47.96 ft Area (with 50 sq ft of body) 375 sq ft Cabin Height (Max) 67 in Width (Max) 54 in Length (Max) 130 in Cabin Area 245 cu ft Cabin Door Width 20.5 in Height 35 in Depth 8 in Cargo Door Maximum Width 24 in Maximum Height 21 in Forward Baggage Area Height (Max) 55 in Width (Max) 57 in Length (Max) 69 in Area 80 cu ft Aft Baggage Area Height (Max) 62 in Width (Max) 50 in Length (Max) 47 in Area 70 cu ft

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1. General Description (Continued)

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1. General Description (Continued) 1.3 Design Weight and Capacities

Max Take-off Weight 12,500 lbs (5,670 kg)

Max Landing Weight (Land) 12,000 lbs (5,440 kg)

Max Landing (Water) 12,500 lbs (5,670 kg)

Basic Empty Weight* 7,000 lbs (3175 kg)

Useful Load* 5,400 lbs (2,450 kg)

*Note: Basic empty weight and useful load are approximate, actual weight is aircraft specific.

Fuel Capacities

Standard:

Two (2) Inboard Main Tanks 220 gal (833 L)

Two (2) Outboard Tanks 250 gal (946 L)

Optional

One (1) Center Main Tank 116 gal (439 L)

Total Combined Fuel Capacity 586 gal (2,218 L)

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2. Performance All estimated performance are based on demonstrated scenarios from current pilots of legacy G-21G models. They are estimated numbers derived from flight tests and will vary with individual airplanes, pilots and numerous other factors affecting flight performance. Maximum Operating Altitudes

Service Ceiling 20,000 ft

Single Engine Service Ceiling 8,600 ft

Airspeed Limits Max Operating Speed 258 mph / 225 kts

Maneuvering Speed 174 mph / 151 kts

Stall Speed (Clean) 79 mph / 69 kts

Stall Speed (landing Config) 75 mph / 65 kts Take-Off Performance

Takeoff Distance To Clear 50’ Obstacle (Land) 2,600 ft

Takeoff Time To Clear 50’ Obstacle (Water)* Twenty (20) seconds

Max Climb Rate 2000 ft/min

*Note: Water Operation is based on time and is approximate due to variables such as water surface condition, wind and water current velocity and direction Cruise Operations Cruise Speed 230 mph / 200 kts

Fuel Consumption 45 gal/hr/engine

Max Range at Cruise Speed* 1,200 nm

*Note: Estimated range with optional fuel capacity

Landing Performance Landing Distance To Clear 50’ Obstacle (Land) 2,500 ft Crosswind Capability

Land Operation 20mph, 17kts

Water Operations 17mph, 15kts Water Operating Limits

Minimum Calm Water Depth 36 Inches

Maximum Wave Height Three (3) feet

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3. Powerplant & Accessories • Two Pratt & Whitney PT6A-34

• Auxiliary Fuel Pumps (2)

• 24 Volt Batteries (2)

• Hartzell Constant Speed, Three Blade Propellers - Heated

• Propeller Spinners – Polished Chrome or Painted

• Electric Starters Generators (2)

4. Antilles Super Goose Equipment List The following list of equipment is included on the standard aircraft and does not reflect optional equipment. Instrumentation Garmin Avionics • Nav/Com/GPS (Dual Garmin GNS 430)

• Audio Panel (Garmin GMA 340)

• Garmin GMX200 I/O MFD

• Garmin GDL69A Data Link/Audio

• Dual GI106A Indicator w/Installation Kit

• Headphone Jacks (cockpit)

• Outside Air Temp Gauge, Chronometer Clock, & Voltmeter

• HSI, Altimeter, Airspeed Indicator, VSI, Turn Coordinator

• Cockpit Speakers

• Pilot/Copilot Microphone

• Avionics Master Switch

• Emergency Locator Transmitter

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Antilles Super Goose Equipment List (Continued) Systems & Controls • Main Circuit Breaker Panel

• Overhead Engine Controls

• Parking Brake

• Lit Flight & Engine Instruments

• Pitot-Static System - Heated

• Pilot & Copilot Map Lights

5. Electrical Power • Dual 24 Volt Batteries

• Dual Voltage Regulators, 24Volt

• Overhead Master Switch Panel

• Dual 12 Volt, 2 amp Auxiliary Power Outlets

• External Ground Power Receptacle

6. Engine Indicating System • Ammeter

• Voltmeter

• Engine Tachometer

• Torque Pressure Gauge

• Propeller Tachometer

• Fuel Quantity Gauge

• Fuel Pressure Gauge

• Fuel Flow

• Inter-Turbine Temperature Gauge

• Oil Temperature Indicator

• Oil Pressure Gauge

• Annunciation Alerts – Caution and Warning

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7. Environmental • Insulation / Soundproofing

• Individual Eyeball Vents (Cockpit)

• Floor/Overhead Vent System (Cabin)

• Defrosting System

8. Exterior • LH Main Entry/Cargo Door, w/ Lock and Key

• RH Half Door

• Landing Gear

• Entry Assist and Door Handles

• Tie Down Rings, LH/RH Wing & Tail

9. Exterior Lighting • Navigation, LH/RH Wing Tip

• Strobe

• Taxi Lights, LH Wing

• Landing Light

10. Flight Controls • Dual Flight Controls – Aileron/Elevator/Rudder

• Pilot Hydraulic Brakes, Toe-Operated

• Parking Brake

• Elevator Trim

• Pitch Trim

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11. Fuel System • Electric Auxiliary Fuel Pump

• Engine Driven Fuel Pump

• Integral Wet Wing Fuel Tanks, 470 Gal. Usable

• Fuel Selector Valve

• Fuel Strainer, Incorporated with Fuselage Quick Drain

• Fuel Tank Quick Drain

• Fuel Sampler Cup

12. Interior • Two (2) Cockpit Seats

• Pilot and Copilot Three-Point Restraint System (2)

• Four (4) Cabin Seats

• Passenger Seat Restrain System (4)

• Rugged Floor Coating

• In-Cabin Aft Baggage Storage w/ Nylon Webbing

• Interior Lighting w/ Reading Lamps (Passenger Seats)

• Fire Extinguishers and Mounting Brackets (2)

• Headphone Jacks (Passenger Seats)

• Pilot and Copilot Cup Holders

• Directional Air Vents

• Pilot’s Check List

• Aircraft Flight Manual

• Radio Call Plate

• Cockpit Headset Holders (2)

• Main Entry Boarding Ladder

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13. Interior Lighting • Overhead Reading Lights (4)

• Panel/Switch Panel Lighting

- Pitot Heat - Optional Equipment Switches - Flap Panel - Master Switches - Circuit Breaker Panel - Electronic Flight Instruments - Electronic Avionics Instruments - Electronic Engine Instruments

• Backup Attitude, Altimeter, Airspeed Internally Lighted 14. Water Operating Accessories • Docking Pole (1) • Bumpers (2) • Dock Lines (4) • Anchor Line (1) • Anchor (1) • Inflatable Life Jackets (6)

15. Exterior Striping Options • As Defined in Purchase Agreement

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16. Training

Antilles Seaplanes LLC shall provide training for one (1) pilot in accordance with its current Standard Training Transition Program. The flight training phase is a mandatory requirement prior to delivery. Antilles Seaplanes LLC will not deliver the Aircraft until one pilot designated by Purchaser has successfully completed all phases of Flight Training in the Aircraft.

Antilles Seaplanes LLC pilot training includes:

1. Ten (10) hours ground school 2. Twenty five (25) hours Flight Training

Such training will be provided without charge to the Purchaser, except that:

1. The traveling, subsistence, and other expenses of Purchaser's personnel will be paid by the Purchaser.

2. Purchaser is responsible for the following expenses during actual flight training:

a) All Aircraft Fuel, Engine Oil and other such consumables. b) Additional training hours that exceed the Ten (10) ground school hours and

twenty five (25) flight hours. Instructor time for such additional training will be billed at the current rates as applicable.

c) Any ancillary or otherwise unspecified or unanticipated charges resulting from actual flight training.

Said Flight Training will be conducted in the Purchaser's Aircraft, and all flight operations will be at the Purchaser's risk.

Purchaser releases and will indemnify and hold harmless ANTILLES SEAPLANES LLC, ANTILLES SEAPLANES LLC’s designated training institution and their respective officers, employees, and agents against and from all liabilities and claims for damaged property or injury to or death of any person caused by the actions of Purchaser, its officers, employees or agents in connection with the training of any of Purchaser’s personnel.

Additionally, Purchaser releases and will indemnify and hold harmless ANTILLES SEAPLANES LLC, ANTILLES SEAPLANES LLC’s designated training institution and their respective officers, employees and agents against and from all liabilities and claims whatsoever, including any claim for damage to the Aircraft, regardless of the cause thereof and expenses in connection therewith, including attorney’s fees, arising directly out of flights in the Aircraft by personnel of ANTILLES SEAPLANES LLC or ANTILLES SEAPLANES LLC’s designated training institution, as the case may be, after delivery of the Aircraft to Purchaser. Purchaser will maintain and furnish proof of appropriate insurance to cover the liabilities assumed under the foregoing undertaking, and will cause ANTILLES SEAPLANES LLC and ANTILLES SEAPLANES LLC’s designated training institution to be named an additional insured under Purchaser’s Insurance policies.

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17. Warranty

The Aircraft, excluding avionics, engines and other equipment not manufactured by ANTILLES SEAPLANES LLC, shall be covered by the following Warranty:

(a) ANTILLES SEAPLANES LLC warrants that the Aircraft will generally conform to the specifications of Annex A. ANTILLES SEAPLANES LLC warrants that it will convey good title to the Aircraft to the Purchaser, free and clear of all liens and encumbrances. ANTILLES SEAPLANES LLC warrants that it will deliver the Aircraft’s Certificate of Airworthiness and a Bill of Sale for the Aircraft to Purchaser free and clear of liens and encumbrances.

(b) ANTILLES SEAPLANES LLC warrants the Aircraft under normal use and if maintained in accordance with ANTILLES SEAPLANES LLC’s current Service and Flight Manuals, as amended, against defects in material and workmanship as follows: Upon notification of any such defect, submission of satisfactory evidence thereof (ANTILLES SEAPLANES LLC being the sole judge of such evidence), and return of the defective part (such part or parts) by the Purchaser to ANTILLES SEAPLANES LLC, ANTILLES SEAPLANES LLC will: (1) Within the first one thousand (1,000) flight hours or thirty-six (36) months, whichever shall occur first after the Purchaser takes delivery of the Aircraft, either repair or replace such part or parts manufactured by ANTILLES SEAPLANES LLC or manufactured by others to its detailed parts design and specifications, if found defective, and either furnish, or with prior approval from ANTILLES SEAPLANES LLC, pay for the labor necessary to remove from the Aircraft such part or parts and to reinstall in the Aircraft such part or parts as repaired or replaced. (2) Within the first one thousand (1,000) flight hours or thirty-six (36) months, whichever shall first occur after the Purchaser takes delivery of the Aircraft, either repair or replace any such part or parts, including necessary labor, of the fuselage, empennage, wing and control surfaces of the Aircraft, if found defective.

(c) All required warranty service must have prior approval from ANTILLES SEAPLANES LLC and is to be performed at ANTILLES SEAPLANES LLC’s home airport or an authorized ANTILLES SEAPLANES LLC service center.

(d) In fulfillment of a warranty claim, the warranty period of the repaired or replacement part does not start over from the date of installation. (e) Normal wear items, such as tires, brakes, etc., are not covered by this Warranty.

(f) ANTILLES SEAPLANES LLC warrants for a period of twelve (12) months from the date of delivery to the first user (“One Year Period”) that the Avionics equipment and components have been properly installed. If, during the One Year Period the installation of the Avionics equipment and components is found to have been defective, ANTILLES SEAPLANES LLC will perform such repairs to the Avionics equipment and components as are determined by ANTILLES SEAPLANES LLC to be necessary because of the defective installation. All required warranty service must have prior approval from ANTILLES SEAPLANES LLC and is to be performed at its home airport facility, or a factory designated and authorized by ANTILLES SEAPLANES LLC. Their respective manufacturers for varying periods of time warrant the Avionics equipment and components. Purchaser will receive the remaining life of those warranties in accordance with each manufacturer’s warranty program. All Avionics warranty service is to be performed as required by each respective manufacturer’s warranty. ANTILLES SEAPLANES LLC does not warrant the avionics equipment and components.

(g) The engines are warranted by their manufacturer under its warranty provisions and engine & parts service policy. The Purchaser will receive the remaining life of the engine warranty and the engine & parts service policy from their manufacturer. ANTILLES SEAPLANES LLC does not warrant the aircraft engines.

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17. Warranty (Continued)

(h) The warranties contained in this Section 5 are expressly in lieu of (and Purchaser hereby

waives) all other warranties, expressed, statutory, implied, or implied in fact or by law; and it is further agreed that there are no implied warranties of merchantability or fitness for a particular purpose made in connection with the sale of the aircraft, engine, avionics equipment and component parts. The Purchaser and ANTILLES SEAPLANES LLC expressly agree that the remedies provided in this Section 5 are in lieu of all other remedies against ANTILLES SEAPLANES LLC, which Purchaser might otherwise have. EXCEPT FOR THE OBLIGATIONS EXPRESSLY UNDERTAKEN BY ANTILLES SEAPLANES LLC IN THIS CONTRACT, PURCHASER HEREBY WAIVES AND FOREVER RELEASES AND RENOUNCES ALL RIGHTS, CLAIMS AND REMEDIES WITH RESPECT TO ANY AND ALL WARRANTIES, EXPRESS, IMPLIED OR STATUTORY (INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS), DUTIES, OBLIGATIONS AND LIABILITIES IN TORT OR CONTRACT (INCLUDING WITHOUT LIMITATION WARRANTY) ARISING BY LAW OR IN EQUITY OR OTHERWISE INCLUDING LIABILITY FOR ACTIVE, PASSIVE OR IMPUTED NEGLIGENCE, STRICT LIABILITY OR PRODUCT LIABILITY, AND INCLUDING, BUT WITHOUT BEING LIMITED TO ANY OBLIGATIONS OF ANTILLES SEAPLANES LLC WITH RESPECT TO EXEMPLARY, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR FOR ANY LOSSES OR DAMAGES FOR OR ARISING OUT OF ANY LACK OR LOSS OF USE OF THE AIRCRAFT OR ANY EQUIPMENT ON THE AIRCRAFT, OR FOR ANY FAILURE OF ANTILLES SEAPLANES LLC TO PERFORM ANY OBLIGATION HEREUNDER. PURCHASER HEREBY RELEASES AND AGREES TO DEFEND, INDEMNIFY AND HOLD HARMLESS ANTILLES SEAPLANES LLC, ITS SUBSIDIARIES, AFFILIATES, AND THEIR RESPECTIVE EMPLOYEES, DIRECTORS, OFFICERS AND AGENTS, AND EACH OF THEM, FROM AND AGAINST ALL LIABILITIES, CLAIMS, DAMAGES, LOSSES, COSTS AND EXPENSES FOR LOSS OF OR DAMAGE TO PROPERTY INCLUDING ANY AIRCRAFT, AND LOSS OF USE THEREOF, OR INJURIES TO OR DEATH OF ANY AND ALL PERSONS (INCLUDING PURCHASER’S DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES BUT EXCLUDING PURCHASER’S DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES), ARISING DIRECTLY OR INDIRECTLY OUT OF OR IN CONNECTION WITH ANY SERVICE PROVIDED UNDER THIS CONTRACT WHETHER OR NOT CAUSED BY THE ACTIVE, PASSIVE OR IMPUTED NEGLIGENCE OR STRICT PRODUCTS LIABILITY OF ANTILLES SEAPLANES LLC, ITS SUBSIDIARIES, AFFILIATES, OR THE EMPLOYEES, DIRECTORS, OFFICERS AND AGENTS OF ANY OF THEM.

(i) The parties understand and agree that the Price stated in this Purchase Contract is a consideration in limiting the liability of ANTILLES SEAPLANES LLC.