The “Asset Insight Index” Maintenance Condition Evaluation & Asset Optimization Tool

1. The “Asset Insight Index” Maintenance Condition Evaluation & Asset Optimization Tool Maintenance software for business jet flight departments AVM Summit USA Orlando, FL November 21, 2013

2. Asset Insight, Inc. • Commenced operations on October 1, 2012 • Based in Northern Virginia • European sales office in Vienna, Austria • Grade aircraft technical & financial condition for: • Aircraft Owners / Operators • Appraisal Services Companies • Financial Services Companies / Lessors • Hourly Cost Maintenance Program providers

3. The “Asset Grading System ProcessTM” • Simple to understand • Uniform methodology • An industry “grading standard” • Evaluates an aircraft’s maintenance condition • Optimizes the asset’s financial performance Web Based ● Easy-to-Use ● Cost Effective

4. The “Asset Grading System ProcessTM” • Derives the “Asset Insight Index” • Objectively analyzes & grades your aircraft’s maintenance and financial condition – on a standardized scale • Directly compares your asset to aircraft listed for sale • Proves your aircraft’s maintenance & financial rating • Identifies how to improve the aircraft’s maintenance & financial rating • Justifies your ask / offer price for an aircraft

5. The “Asset Grading System ProcessTM” • Derives the “Asset Insight Index” • How does the Index benefit your firm? • Translates complex technical data into actionable financial information • Provides maintenance data in “Credit Report” format • Provides CFO with information they can use to manage the aircraft investment as a financial instrument

6. “Asset Insight Index” Components ATC Score • Maintenance Condition – “ATC Score” • Asset Technical Condition Score • Rating of aircraft’s scheduled maintenance events Calculation methodology Remaining Useful Life Component #1 25% Component #2 75% ATC Score: (25% + 75%) / 2 = 50% or 5.000

7. ATFC Score “Asset Insight Index” Components ATC Score • Financial Condition – “ATFC Score” • Asset Technical Financial Condition Score • Rating of aircraft’s scheduled maintenance event costs Calculation methodology Remaining Overhaul Remaining Useful Life Cost Financial Value Component #1 25% $10,000 $2,500 Component #2 75%$ 1,000$ 750 $11,000$3,250 ATFC Score: ($3,250 / $11,000) X Perfect Score: 10.000 = 2.955

8. ATFC Score ATFE Value “Asset Insight Index” Components ATC Score • Financial Exposure– “ATFE Value” • Asset Technical Financial Exposure Value • Measures accrued maintenance event costs Calculation methodology Remaining Overhaul Financial Useful Life Cost Exposure Value Component #1 25% $10,000 $7,500 Component #2 75% $ 1,000$ 250 $11,000$7,750 ATFE Value: $7,500 + $250 = $7,750 [Maximum possible = $11,000]

9. The 3 Components of the “Asset Insight Index” AI2 ATFC Score ATFE Value ATC Score • Asset Technical Condition Score – “ATC Score” • Rating of aircraft’s scheduled maintenance events • Asset Technical Financial Condition Score – “ATFC Score” • Rating of aircraft’s scheduled maintenance event costs • Asset Technical Financial Exposure Value – “ATFE Value” • Measures accrued maintenance event costs • Standardized Asset Condition Grading System

10. “Asset Insight Index” How do you access it? AI2 ATFC Score ATFE Value ATC Score • Log into: www.assetinsightinc.com • Select the Make / Model aircraft to analyze • Enter aircraft identification information • Answer maintenance event completion questions • Purchase Analysis using a credit card • AI2 Analysis response time: within 48 hours

11. “Asset Insight Index” Summary

12. “Asset Insight Index”

13. “Major Sectors Index” Figures reflect current HCMP Program Value(s) Sum of Major Sectors equates to Total Exposure • “Major Sectors Index” identifies: • Areas where improvement might be desired • Current HCMP Program value(s)

14. “Comparable Industry Average Index” • Compares your aircraft’s • Index to the average of all similar Make / Model aircraft listed “For Sale” Lower Exposure justifies $316K higher value

15. “Asset Insight Index” Summary …

16. Asset Insight Index Analysis includes: • Detailed Analysis

17. Asset Insight Index Analysis includes: • Detailed Analysis • Aircraft Utilization assumptions

18. Asset Insight Index Analysis includes: • Detailed Analysis • Aircraft Utilization assumptions • List of Assumptions entered by Client

19. Asset Insight Index – Overall Market Source: AMSTAT (www.amstatcorp.com), Asset Insight research; September 30, 2013

20. Asset Insight Index – 90-Day Trend Source: AMSTAT (www.amstatcorp.com), Asset Insight research; September 30, 2013

21. “ETP Ratio” • Maintenance Exposure to Price Ratio (“ETP Ratio”) • ATFE Value divided by aircraft’s Ask Price • As ETP Ratio decreases, aircraft’s “value” increases • ETP Ratio above 40% considered excessive Source: AMSTAT (www.amstatcorp.com), Asset Insight research; September 30, 2013

22. “ETP Ratio” by Aircraft model “Every Aircraft has a final owner” Source: AMSTAT (www.amstatcorp.com), Asset Insight research; September 30, 2013

23. The “Asset Insight Index” Maintenance Condition Evaluation & Asset Optimization Tool Corporate Headquarters 4310 Starwood Drive, Amissville, VA 20106 USA Tel: (540) 905-4555  Fax: (540) 301-1791 Email: info@assetinsightinc.com Web: www.assetinsightinc.com Europe Siebenbrunnengasse 17, 1050 Wien Austria, Europe Tel: +43 664 3578010 Email: assetinsight@jetlevel.aero Web: www.jetlevel.aero/assetinsight AI2 ATFC Score ATFE Value Asset Optimization Solutions ATC Score

24. Appendix

25. What is Business Aviation saying about Asset Insight’s services Aircraft Bluebook – Carl Janssens, ASA, Editor & Chief Appraiser “Asset Insight is the perfect tool to evaluate value of maintenance as it relates to … the aircraft’s maintenance cycle. A tool of this nature will assist appraisers in finalizing a value [using] the aircraft’s real-time maintenance condition.” Conklin & de Decker – David Wyndham, Vice President / Co-Owner “Asset Insight is a powerful tool to gain an in-depth understanding of why your aircraft is valued as it is. It can be used in financial risk management to decide when to replace an aircraft, or to derive lease and finance rates.” Aviation Management Consulting – Ken Dufour, ASA, President / CEO “For the first time, everyone in the aviation industry has a standardized and objective method for evaluating and comparing aircraft based on their technical merit. The Asset Insight Index Analysis is a cost-efficient method of evaluating and comparing the current maintenance status of any aircraft. This revolutionary new approach will assist Appraisers in evaluating critical maintenance issues.” SAI Valuations – John Spoor, President / CEO “Finally, a cost effective, easy -to-understand, scientifically backed product that will bridge the gap between maintenance condition … and value. I see the Asset Insight product soon becoming an industry standard with respect to evaluating the overall technical condition of … aircraft. This product will … assist us in discerning how much maintenance … drives aircraft values. I can see a time when all of our clients insist on having this information as part of an aircraft valuation.” Jet Support Services, Inc. – Louis Seno, Chairman Emeritus “I am delighted to see someone introduce into the industry an easy-to-understand, uniform methodology for determining an aircraft’s technical condition as it relates to the overall financial performance of the asset. I am confident the Asset Insight product will soon become the industry standard.”

26. Asset Insight Services Aircraft are assets whose value is heavily influenced by maintenance condition Your Asset’s Financial Performance Grade Compare Forecast Improve Optimize

27. Asset Insight Index (“AI2”) What is the Asset Insight Index? The “Asset Insight Index” (“AI2 Index”) utilizes the Asset Grading System Standard (Patent Pending) to objectively derive the: • “Asset Technical Condition Score” (“ATC Score”) • The aircraft’s technical status relative to its Optimal Maintenance Condition • “Asset Technical Financial Condition Score” (“ATFC Score”) • The aircraft’s financial rating relative to its Optimal Maintenance Condition • “Asset Technical Financial Exposure Value” (“ATFE Value”) • The aircraft’s financial exposure based on its Maintenance Condition How does the Asset Insight Index work? • The anticipated maintenance variables for each specific aircraft make/model are identified, including all recommended Scheduled Maintenance events • The average Industry Cost for accomplishing each maintenance task/event is identified • The aircraft’s maintenance history is then compiled and compared against that make/model aircraft’s maintenance requirements, and the aircraft’s ATC Score and ATFC Score are derived • Based on the aircraft’s ATC & ATFC Scores, the aircraft’s ATFE Value is computed, deriving the aircraft’s Asset Insight Index

28. Asset Technical Condition Score (“ATC Score”) What is the ATC Score? The “Asset Technical Condition Score” (“ATC Score”) utilizes the Asset Grading System Standard (Patent Pending) to evaluate and grade an aircraft’s maintenance condition relative to logical maintenance variables, not the least of which is the aircraft’s Scheduled Maintenance Program. The ATC Score ranges from -5.000 to 10.000, the latter figure reflecting a new aircraft. How does the ATC Score work? To score each aircraft model/type, several variables, including the Scheduled Maintenance Program established by the aircraft’s manufacturer and/or other regulatory authority (e.g., the FAA—Federal Aviation Administration) are compiled, and a frequency (grading standard) is established for specifically identified scheduled/anticipated maintenance events. For components that do not have specific service life (replacement) limitations, a service life figure has been established based on anticipated industry failure rate averages. An aircraft’s maintenance history is then compiled and compared against the ATC Maintenance Program to determine the aircraft’s ATC Score.

29. Asset Technical Financial Condition Score (“ATFC Score”) What is the ATFC Score? The “Asset Technical Financial Condition Score” (“ATFC Score”) utilizes the Asset Grading System Standard (Patent Pending) to determine an aircraft’s financial rating relative to its Optimal Maintenance Condition. The ATFC Score is based on a scale from 0.000 to 10.000, the latter reflecting a new aircraft. How does the ATFC Score work? To score each aircraft model/type, the aircraft’s ATC Score, is calculated. The aircraft’s ATC Score is then compared to the average industry cost for each scheduled maintenance event to determine the aircraft’s ATFC Score. The ATFC Score differs from the ATC Score. While the ATC Score evaluates and grades an aircraft’s technical condition relative to its logical maintenance variables, the ATFC Score grades an aircraft’s financial condition relative to its Optimal Maintenance Condition. Accordingly, the ATFC is likely to differ from the ATC Score. For example, if one aircraft component is three-quarters of the way toward its overhaul while a second is one-quarter of the way toward its overhaul, their combined ATC Score would be 5.000. However, if the first of these component has an overhaul cost of $10,000, while the second has an overhaul cost of $1,000, their combined ATFC Score would be 2.955. Time LeftOverhaul CostRemaining Financial Value Component #1 25% $10,000 $2,500 Component #2 75% $ 1,000$ 750 $11,000$3,250 Calculation Methodology: Financial Rating: ($3,250 / $11,000) x Perfect Score: 10.000 = 2.9545 Equivalent ATFC Score: 2.955

30. Asset Technical Financial Exposure Value (“ATFE Value”) What is the ATFE Value? The “Asset Technical Financial Exposure Value” (“ATFE Value”) utilizes the Asset Grading System Standard (Patent Pending) to measure the aircraft’s accrued liability relative to its maintenance condition – the “Time Used” toward future Scheduled Maintenance Events. The ATFE Value depends on each make/model/type aircraft, and ranges from $0 (for a new aircraft with zero time used toward any Scheduled Maintenance Event) to the estimated cost required to complete one full cycle of Scheduled Maintenance Events for that make/model/type aircraft. How does the ATFE Value work? To derive an aircraft’s ATFE Value, the estimated cost to complete all of the Scheduled Maintenance Events for that make/model/type aircraft is established. The amount accrued toward each Scheduled Maintenance Event (based on the calendar time, flight hours, and/or cycles, as appropriate, for the aircraft under evaluation) is calculated, and the amount of usage is converted into a dollar value. The sum cost of the usage (accrued liability) toward all Scheduled Maintenance Events (for the aircraft under evaluation) is then computed to derive the ATFE Value. For illustration purposes, let’s assume a make/model/type aircraft has only four Scheduled Maintenance Events. The corresponding ATFE Value for an aircraft, having accrued the listed “Time Used” toward each of the Scheduled Maintenance Events, would be as follows: : Time UsedEvent CostATFE Value Event #1 25% $20,000 $ 5,000 Event #2 10% $ 5,000 $ 500 Event #3 90% $10,000 $ 9,000 Event #4 75% $ 1,000$ 750 $36,000$15,250 The example aircraft’s ATFE Value is $15,250.

31. Aircraft Major Sector AI2 Analysis • What is a Major Sector AI2 Analysis? • In addition to the Asset Insight Index for the entire aircraft, an AI2 analysis (ATC Score, ATFC Score, and ATFE Value) is available for the aircraft’s Major Sectors. These would include (as applicable): • Airframe • Engine(s) • APU • Propeller(s) • Aircraft Interior • Exterior Paint • How do the Major Sector ATC/ATFC Scores and ATFE Value work? • The Asset Insight Index for each Major Sector is computed utilizing the Asset Grading System Standard (Patent Pending) and the same logic as that used to derive figures for the entire aircraft. The Major Sector Index offers an interested party the opportunity to closely analyze what Sector(s) of the aircraft are aiding or hampering the asset’s overall Index, offering the opportunity to derive a strategy that optimizes the asset’s financial performance.

32. Comparable Industry Average Index What is the Comparable Industry Average Asset Insight Index? The Comparable Industry Average Index (“Comp Index”) provides the ability to compare the aircraft’s ATC Score, ATFC Score, and ATFE Value with similar aircraft listed for sale as of a specific date. How does the Comparable Industry Average Asset Insight Index work? To provide the Comp Index for each aircraft make/model, Asset Insight continuously reviews and evaluates aircraft listed for sale. For entities seeking to acquire or sell an aircraft, the Comp Index allows them to determine how the technical condition of a specific aircraft compares to the average aircraft available for sale. Similarly: • Financial Services firms can determine how the technical condition of an aircraft to be financed compares with others available for sale; • Brokers can better understand how the technical condition of aircraft they are offering for sale compare with others on the market; • Appraisers can better understand how the technical condition of an aircraft they are appraising compares with others listed for sale – and with aircraft recently traded; • Maintenance facilities can demonstrate to clients how their aircraft’s AI2 Index compares with similar make/model aircraft listed “For Sale”; and, • Insurers can determine if the technical condition of assets they are covering are degrading, as well as how their technical condition compares to similar assets.