SALVAGE BID LETTER

AIR  AIRCRAFT:   1982 Aerotek Pitts S-1T, N169KW, Serial No. 1007   PHOTOS - PAGE 1

 ENGINE(S):   Lycoming AEIO-360-AIE, Serial No. L23012-5TA

  APPROXIMATE TOTAL HOURS (estimated from logbooks or other information):

  ENGINES:     100 SMOH  1033.07 Total              AIRFRAME:   1033.07

          EQUIPMENT:  Bendix KT76A transponder, ICOM IC-200 comm receiver, ELT, Fuel flow indicator

  DESCRIPTION OF ACCIDENT:  Ground loop during landing rollout

          DESCRIPTION OF DAMAGES:   Prop strike – Left main gear folded inwards – Right main gear bent – Damage to left wing and aileron (spar likely broken) –

                                                             Spade broken – Unknown damage to fuselage

          LOCATION OF AIRCRAFT:  West Tennessee Aviation - Union City, TN

          REMARKS:          

        INQUIRIES:  Kiia Adams (404) 946-1419

          INSURED:  Advantage Aircraft Sales, Inc.                                                                       

          CLAIM NUMBER:   102806/ATL/Berkley

 All bids must be returned directly to fax # (404) 521-4598.

       Policy/Agreement

You are advised that the described aircraft is for sale “AS IS/WHERE IS” and written, sealed bids or faxes will be accepted no later than 4:30 pm EST, Friday, September 5,      200 2008.  The bidder will be notified on the following Tuesday and agrees to provide wire transfer.  Salvage will not be released until receipt of your wire transfer. 

       All storage and handling charges accrued prior to notification of high bid will be the responsibility of the seller and after that date will be the responsibility of the purchaser. 

       Seller reserves the right to reject any or all bids.

        Seller makes no expressed nor implied warranties for the condition, fitness for purpose, value, airworthiness or operation of performance of any kind whatsoever, whether in

        contract or tort in respect to the sale of any aircraft salvage. The buyer acknowledges that they have had the opportunity to inspect and evaluate the aircraft before signing

        and forwarding their bid and purchasing same.

P      Please submit your bid on this form and return it so as to be received in this office no later than 4:30 pm EST, Friday, September 5, 2008.

        Name of Bidder                                                                Amount of Bid $                                            

        Address                                                                                                                                                    

        Phone  Number                                                                 Fax Number                                                   

        Bidder Signature                                                              Date of Bid