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Looking to purchase a ERJ145 with TR /thrust revers / yom 2004



PROCEDURE FOR PROCUREMENT OF AIRCRAFT;



- LOI & Mandate is issued and signed to Asian Dragon International

Simply stating client is ready, willing and able and price or rate is accepted .

Aircraft buyers and leasing transact through competent and respected aircraft escrow services

Not principal-to-principal until escrow notify the parties of the appropriate time and that is when due diligence is done and all parties including buyer, seller and the agent/s are protected .



We use and recommend Aerotitle



Jacinda Janko



President



1200 Metropolitan Ave.| Oklahoma City, OK | 73108



T 405.763.5980 | T 866.738.8330 | F 405.763.5999



Email: Jacinda@AEROtitle.com



Website: www.AEROtitle.com



or



AIC





www.aictitle.com They carry a $40 Million Bond and an E&O Certificate of $1 Million for your protection.



LOI, Mandate, KYC and POF are exchanged strictly via escrow " POF bank officer-to-bank officer through escrow" after signed contracts are lodged at escrow and both the Seller and the Buyer clears compliance



- Buyer or leasee will submit POF and/or deposit 5% minimum of the full purchase value of the aircraft into escrow

- Escrow confirms deposit is in place, to Sellers/Owners,

- Escrow informs Buyers of the MSNs (after POF is generally ok)

- Sellers and Buyers both submit an NCNDA to escrow protecting the brokers involved

- Buyers & Sellers go for physical inspection of the aircraft & all records, at the site of the aircraft. Inspection is to validate the aircrafts condition only it is strictly NOT for price negotiation so only technical engineers need be present NOT the sellers principals .

- If inspection is satisfactory, at this stage the Deposit becomes "Non Refundable"

- Sellers/Owners instruct Escrow to release signed and sealed contract documents to the Buyers.

- Sellers/Owners rectify any and all discrepancies, if any, pointed out by the Buyer, as compared to the specs given, at Sellers/Owners cost.



- Buyer issues a "Technical Acceptance Certificate" to the Sellers/Owners. If at this stage the Buyers, back out of the sale, without assigning any legitimate reason, not technical reason, the deposit becomes "Non Refundable". However, if the Specs of the aircraft offered do not comply with the actual specs, at inspection, and the Sellers/Owners/ do not rectify the defects or ambiguities pointed out by the Buyers, at Owners expense, and then the deposit becomes 100% Refundable.



- At this stage the Buyer deposits the balance of the purchase value into the Escrow Account, with instructions to the Escrow Agent to release the funds to Sellers/Owners account.



- On confirmation from Escrow, that they have the 100% value of the aircraft, as per the LOI, Buyer & Sellers/Owners sign the "Sales Agreement".



- Ownership changes hands on the records. All warranties attached to the aircraft are transferred to buyer’s name.



Escrow makes all the checks of the existence of the plane, handles the KYC verifies reality of the ownership of these airplanes, checks the titles of registration with the services of the civil aviation of the countries of the nationality of the plane, control, the financial capacity of the buyer, organizes the technical inspection of the aircraft, for its reception, receives all preliminary funds (security deposits) and final (balance), pays all recognized intermediaries and with a commitment of commission payment, finally transfers title deeds to the new owner.



Warning any ICPO, LOI, RWA, or BCL issued and proven not real, true and/or actually verifiably factual, will be communicated to the FBI, if in case investor wont perform he will be reported and "black listed internationally" immediately

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