EFTA01118667.pdf

AIR GHISLAINE INC. S-76C++ - Serial # 760667 SALES ANALYSIS Running Date Amount Balance 1/12/06 Deposit 100,000 100,000 3/31/06 Deposit 1,960,000 2,060,000 6/18/07 Request for Shipment - title transferred 7,352,825 9,412,825 12/31/07 Payment 677,825 10,090,650 1/3/08 Payment 100,000 10,190,650 1/25/08 Payment /00,000 10,290,650 Total Sikorsky Cost 10,290,650 Add: Extras Carpet 6,534 Paint - Keystone 68,550 Edelman Leather 26,416 Total additional costs 101,500 Total Sikorsky Cost with Extras 10,392,150 31-Oct-08 Sales Prices 12,600,000 Total Cost with Extras 10,392,150 Title Service Fee 3,975 Sales Broker - George 126,000 Net Capital Gain 2,077,875 EFTA01118667  AIR GHISLAINE INC. S-76C++ Contract No: S76TD6167A - Tail # N722JE first 30 days N750A SALES ANALYSIS Running Date Amount Balance 12/18/07 Deposit - 20% paid by JEE 2,330,000 2,330,000 12/31/08 Interim Payment paid by 1031 intermediary 6,880,000 9,210,000 12/31/08 Interim Payment paid by 1031 intermediary 1,220,000 10,430,000 3/9/10 Final Payment 1,250,000 11,680,000 Total Sikorsky Cost 11,680,000 Sikorsky credit (175,000) Net Adjusted Cost 11,505,000 Add: Extras Tai Ping Carpet 11,991 Tai Ping Carpet Credit (3,000) Total Sikorsky Cost with Extras 11,513,991 26-Jul-11 Sales Prices 11,800,000 Title Service Fee 3,975 Sales Broker - George 100,000 103,975 Total Sales Costs 182,034 Net Capital Gain EFTA01118668  FREEDOM AIR INTERNATIONAL INC. S-76C+ - Tail # N162AD / Serial Number 760472 Sales Analysis Date Amount 7/26/11 Purchase 1,500,000 Expenses paid by Freedom Air International 7/26/11 Insured Aircraft Title Service - buy 2,473 Insured Aircraft Title Service - sell 1,235 Larry Visoski Expenses Pilot Services 6,000 Rental Car 550 Airlines _ _ 2,656 Total Larry Visoski Expense 9,206 Larry Sales Commission 150,000 DKI PLLC Legal Expense 50,000 Maintenance 7/27/11 wo#3875 2,985 8/9/11 wo#3893 8,376 9/28/11 wo#3910 7,582 12/28/11 wo#3936 20,598 1/26/12 wo#3981 5,883 2/8/12 wo#38181 2 400 47,824 Maintenance Subscription 1,865 Web Helotrac 2x System 4,833 Insurance Cost 29 200 Total Expenses paid by Freedom Air International 296,635 Expenses paid by George Sam (1250 x 2 days) 2,500 Car rental 109 Aircraft Shopper Online 531 Controller 3 400 Total Expenses paid by George 6,540 COST BASIS 1,803,175 ESCROW (was 250k - 200k returned 2/21-33,812.55 3/9j 16,187 2/9/12 SALES PRICE 2,200,000 NET GAIN ON SALE 380,637 Freedom Share of Profit 190,319 George Share of Profit (pd 100k on 2/9/2012) 190,319 EFTA01118669  05/02/2012 12:49:24 PM Page 1 Serial # 760667 Compound Period : Monthly Nominal Annual Rate : 11.662 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 01/12/2006 100,000.00 1 2 Loan 03/31/2006 1,960,000.00 1 3 Loan 06/18/2007 7,352,825.00 1 4 Loan 12/31/2007 677,825.00 1 5 Loan 01/03/2008 100,000.00 1 6 Loan 01/25/2008 100,000.00 1 7 Loan 02/25/2008 101,500.00 1 8 Payment 10/31/2008 12,470,025.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 01/12/2006 100,000.00 100,000.00 Loan 03/31/2006 1,960,000.00 2,571.95 2,571.95- 2,062,571.95 2006 Totals 2,060,000.00 0.00 2,571.95 2,571.95- Loan 06/18/2007 7,352,825.00 312,633.24 312,633.24- 9,728,030.19 Loan 12/31/2007 677,825.00 620,709.70 620,709.70- 11,026,564.89 2007 Totals 8,030,650.00 0.00 933,342.94 933,342.94- Loan 01/03/2008 100,000.00 10,568.86 10,568.86- 11,137,133.75 Loan 01/25/2008 100,000.00 78,282.17 78,282.17- 11,315,415.92 Loan 02/25/2008 101,500.00 109,963.59 109,963.59- 11,526,879.51 1 10/31/2008 12,470,025.00 943,145.49 11,526,879.51 0.00 2008 Totals 301,500.00 12,470,025.00 1,141,960.11 11,328,064.89 Grand Totals 10,392,150.00 12,470,025.00 2,077,875.00 10,392,150.00 EFTA01118670  05/02/2012 12:53:49 PM Page 1 Serial 760750 Compound Period Monthly Nominal Annual Rate : 0.023 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 12/18/2007 2,330,000.00 1 2 Loan 12/31/2008 6,880,000.00 1 3 Loan 12/31/2008 1,220,000.00 1 4 Loan 03/09/2010 1,250,000.00 1 5 Loan 04/09/2010 8,991.00 1 6 Payment 07/26/2011 11,696,025.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 12/18/2007 2,330,000.00 2,330,000.00 2007 Totals 2,330,000.00 0.00 0.00 0.00 Loan 12/31/2008 6,880,000.00 547.98 547.98- 9,210,547.98 Loan 12/31/2008 1,220,000.00 0.00 0.00 10,430,547.98 2008 Totals 8,100,000.00 0.00 547.98 547.98- Loan 03/09/2010 1,250,000.00 2,821.99 2,821.99- 11,683,369.97 Loan 04/09/2010 8,991.00 221.08 221.08- 11,692,582.05 2010 Totals 1,258,991.00 0.00 3,043.07 3,043.07- 1 07/26/2011 11,696,025.00 3,442.95 11,692,582.05 0.00 2011 Totals 0.00 11,696,025.00 3,442.95 11,692,582.05 Grand Totals 11,688,991.00 11,696,025.00 7,034.00 11,688,991.00 EFTA01118671  05/02/2012 12:54:33 PM Page 1 Serial 760750 with sikorsky 175k Compound Period : Monthly Nominal Annual Rate .... : 0.583 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 12/18/2007 2,330,000.00 1 2 Loan 12/31/2008 6,880,000.00 1 3 Loan 12/31/2008 1,220,000.00 1 4 Loan 03/09/2010 1,250,000.00 1 5 Loan 04/09/2010 8,991.00 1 6 Payment 07/26/2011 11,871,025.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 12/18/2007 2,330,000.00 2,330,000.00 2007 Totals 2,330,000.00 0.00 0.00 0.00 Loan 12/31/2008 6,880,000.00 14,111.77 14,111.77- 9,224,111.77 Loan 12/31/2008 1,220,000.00 0.00 0.00 10,444,111.77 2008 Totals 8,100,000.00 0.00 14,111.77 14,111.77- Loan 03/09/2010 1,250,000.00 72,798.92 72,798.92- 11,766,910.69 Loan 04/09/2010 8,991.00 5,718.73 5,718.73- 11,781,620.42 2010 Totals 1,258,991.00 0.00 78,517.65 78,517.65- 1 07/26/2011 11,871,025.00 89,404.58 11,781,620.42 0.00 2011 Totals 0.00 11,871,025.00 89,404.58 11,781,620.42 Grand Totals 11,688,991.00 11,871,025.00 182,034.00 11,688,991.00 EFTA01118672  05/02/2012 1:02:54 PM Page 1 Serial 760750 with Sikorsky 175k and Serial 760472 & 200k comm LV DKI Compound Period Monthly Nominal Annual Rate : 1.714 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 12/18/2007 2,330,000.00 1 2 Loan 12/31/2008 6,880,000.00 1 3 Loan 12/31/2008 1,220,000.00 1 4 Loan 03/09/2010 1,250,000.00 1 5 Loan 04/09/2010 8,991.00 1 6 Loan 06/30/2011 100,000.00 1 7 Payment 07/26/2011 11,871,025.00 1 8 Loan 07/26/2011 1,400,000.00 1 9 Loan 08/26/2011 296,635.00 1 10 Loan 09/26/2011 6,540.00 1 11 Payment 02/09/2012 2,183,813.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 12/18/2007 2,330,000.00 2,330,000.00 2007 Totals 2,330,000.00 0.00 0.00 0.00 Loan 12/31/2008 6,880,000.00 41,699.25 41,699.25- 9,251,699.25 Loan 12/31/2008 1,220,000.00 0.00 0.00 10,471,699.25 2008 Totals 8,100,000.00 0.00 41,699.25 41,699.25- Loan 03/09/2010 1,250,000.00 215,873.79 215,873.79- 11,937,573.04 Loan 04/09/2010 8,991.00 17,051.18 17,051.18- 11,963,615.22 2010 Totals 1,258,991.00 0.00 232,924.97 232,924.97- Loan 06/30/2011 100,000.00 253,507.39 253,507.39- 12,317,122.61 1 07/26/2011 11,871,025.00 15,038.67 11,855,986.33 461,136.28 Loan 07/26/2011 1,400,000.00 0.00 0.00 1,861,136.28 Loan 08/26/2011 296,635.00 2,658.38 2,658.38- 2,160,429.66 Loan 09/26/2011 6,540.00 3,085.88 3,085.88- 2,170,055.54 2011 Totals 1,803,175.00 11,871,025.00 274,290.32 11,596,734.68 2 02/09/2012 2,183,813.00 13,757.46 2,170,055.54 0.00 2012 Totals 0.00 2,183,813.00 13,757.46 2,170,055.54 Grand Totals 13,492,166.00 14,054,838.00 562,672.00 13,492,166.00 EFTA01118673  05/02/2012 1:11:56 PM Page 1 Serial 760667, 760750 & 760472 w/ 200k DKI LV Compound Period : Monthly Nominal Annual Rate 5.170 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 01/12/2006 100,000.00 1 2 Loan 03/31/2006 1,960,000.00 1 3 Loan 06/18/2007 7,352,825.00 1 4 Loan 12/18/2007 2,330,000.00 1 5 Loan 12/31/2007 677,825.00 1 6 Loan 01/03/2008 100,000.00 1 7 Loan 01/25/2008 100,000.00 1 8 Loan 02/25/2008 101,500.00 1 9 Payment 10/31/2008 12,470,025.00 1 10 Loan 12/31/2008 6,880,000,00 1 11 Loan 12/31/2008 1,220,000.00 1 12 Loan 03/09/2010 1,250,000.00 1 13 Loan 04/09/2010 8,991.00 1 14 Loan 06/30/2011 100,000.00 1 15 Loan 07/26/2011 1,400,000.00 1 16 Payment 07/26/2011 11,696,025.00 1 17 Loan 08/26/2011 296,635.00 1 18 Loan 09/26/2011 6,540.00 1 19 Payment 02/09/2012 2,183,813.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 01/12/2006 100,000.00 100,000.00 Loan 03/31/2006 1,960,000.00 1,134.91 1,134.91- 2,061,134.91 2006 Totals 2,060,000.00 0.00 1,134.91 1,134.91- Loan 06/18/2007 7,352,825.00 133,437.21 133,437.21- 9,547,397.12 Loan 12/18/2007 2,330,000.00 249,461.24 249,461.24- 12,126,858.36 Loan 12/31/2007 677,825.00 22,328.92 22,328.92- 12,827,012.28 2007 Totals 10,360,650.00 0.00 405,227.37 405,227.37- Loan 01/03/2008 100,000.00 5,450.33 5,450.33- 12,932,462.61 Loan 01/25/2008 100,000.00 40,297.67 40,297.67- 13,072,760.28 Loan 02/25/2008 101,500.00 56,319.01 56,319.01- 13,230,579.29 1 10/31/2008 12,470,025.00 470,684.49 11,999,340.51 1,231,238.78 Loan 12/31/2008 6,880,000.00 10,631.50 10,631.50- 8,121,870.28 Loan 12/31/2008 1,220,000.00 0.00 0.00 9,341,870.28 2008 Totals 8,401,500.00 12,470,025.00 583,383.00 11,886,642.00 Loan 03/09/2010 1,250,000.00 592,142.61 592,142.61- 11,184,012.89 Loan 04/09/2010 8,991.00 48,182.06 48,182.06- 11,241,185.95 EFTA01118674  05/02/2012 1:11:56 PM Page 2 Serial 760667, 760750 & 760472 w/ 200k DKI LV Date Loan Payment Interest Principal Balance 2010 Totals 1,258,991.00 0.00 640,324.67 640,324.67- Loan 06/30/2011 100,000.00 732,823.57 732,823.57- 12,074,009.52 Loan 07/26/2011 1,400,000.00 44,463.22 44,463.22- 13,518,472.74 2 07/26/2011 11,696,025.00 0.00 11,696,025.00 1,822,447.74 Loan 08/26/2011 296,635.00 7,851.32 7,851.32- 2,126,934.06 Loan 09/26/2011 6,540.00 9,163.09 9,163.09- 2,142,637.15 2011 Totals 1,803,175.00 11,696,025.00 794,301.20 10,901,723.80 3 02/09/2012 2,183,813.00 41,175.85 2,142,637.15 0.00 2012 Totals 0.00 2,183,813.00 41,175.85 2,142,637.15 Grand Totals 23,884,316.00 26,349,863.00 2,465,547.00 23,884,316.00 EFTA01118675  05/02/2012 1:10:45 PM Page 1 Serial 760667, 760750 w/ 175k & 760472 w/ 200k DKI LV Compound Period Monthly Nominal Annual Rate : 5.496 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 01/12/2006 100,000.00 1 2 Loan 03/31/2006 1,960,000.00 1 3 Loan 06/18/2007 7,352,825.00 1 4 Loan 12/18/2007 2,330,000.00 1 5 Loan 12/31/2007 677,825.00 1 6 Loan 01/03/2008 100,000.00 1 7 Loan 01/25/2008 100,000.00 1 8 Loan 02/25/2008 101,500.00 1 9 Payment 10/31/2008 12,470,025.00 1 10 Loan 12/31/2008 6,880,000.00 1 11 Loan 12/31/2008 1,220,000.00 1 12 Loan 03/09/2010 1,250,000.00 1 13 Loan 04/09/2010 8,991.00 1 14 Loan 06/30/2011 100,000.00 1 15 Loan 07/26/2011 1,400,000.00 1 16 Payment 07/26/2011 11,871,025.00 1 17 Loan 08/26/2011 296,635.00 1 18 Loan 09/26/2011 6,540.00 1 19 Payment 02/09/2012 2,183,813.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 01/12/2006 100,000.00 100,000.00 Loan 03/31/2006 1,960,000.00 1,206.88 1,206.88- 2,061,206.88 2006 Totals 2,060,000.00 0.00 1,206.88 1,206.88- Loan 06/18/2007 7,352,825.00 142,135.32 142,135.32- 9,556,167.20 Loan 12/18/2007 2,330,000.00 265,642.50 265,642.50- 12,151,809.70 Loan 12/31/2007 677,825.00 23,788.14 23,788.14- 12,853,422.84 2007 Totals 10,360,650.00 0.00 431,565.96 431,565.96- Loan 01/03/2008 100,000.00 5,806.52 5,806.52- 12,959,229.36 Loan 01/25/2008 100,000.00 42,931.69 42,931.69- 13,102,161.05 Loan 02/25/2008 101,500.00 60,010.98 60,010.98- 13,263,672.03 1 10/31/2008 12,470,025.00 502,155.35 11,967,869.65 1,295,802.38 Loan 12/31/2008 6,880,000.00 11,897.34 11,897.34- 8,187,699.72 Loan 12/31/2008 1,220,000.00 0.00 0.00 9,407,699.72 2008 Totals 8,401,500.00 12,470,025.00 622,801.88 11,847,223.12 Loan 03/09/2010 1,250,000.00 635,137.75 635,137.75- 11,292,837.47 Loan 04/09/2010 8,991.00 51,723.85 51,723.85- 11,353,552.32 EFTA01118676  05/02/2012 1:10:45 PM Page 2 Serial 760667, 760750 w/ 175k & 760472 w/ 200k DKI LV Date Loan Payment Interest Principal Balance 2010 Totals 1,258,991.00 0.00 686,861.60 686,861.60- Loan 06/30/2011 100,000.00 788,378.48 788,378.48- 12,241,930.80 Loan 07/26/2011 1,400,000.00 47,929.12 47,929.12- 13,689,859.92 2 07/26/2011 11,871,025.00 0.00 11,871,025.00 1,818,834.92 Loan 08/26/2011 296,635.00 8,330.69 8,330.69- 2,123.800.61 Loan 09/26/2011 6,540.00 9,727.51 9,727.51- 2,140,068.12 2011 Totals 1,803,175.00 11,871,025.00 854,365.80 11,016,659.20 3 02/09/2012 2,183,813.00 43,744.88 2,140,068.12 0.00 2012 Totals 0.00 2,183,813.00 43,744.88 2,140,068.12 Grand Totals 23,884,316.00 26,524,863.00 2,640,547.00 23,884,316.00 EFTA01118677  05/02/2012 1:27:11 PM Page 1 Serial 760667, 760750 with 175k & 760472 w/ 0k DKI LV Compound Period Monthly Nominal Annual Rate : 5.862 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 01/12/2006 100,000.00 1 2 Loan 03/31/2006 1,960,000.00 1 3 Loan 06/18/2007 7,352,825.00 1 4 Loan 12/18/2007 2,330,000.00 1 5 Loan 12/31/2007 677,825.00 1 6 Loan 01/03/2008 100,000.00 1 7 Loan 01/25/2008 100,000.00 1 8 Loan 02/25/2008 101,500.00 1 9 Payment 10/31/2008 12,470,025.00 1 10 Loan 12/31/2008 6,880,000.00 1 11 Loan 12/31/2008 1,220,000.00 1 12 Loan 03/09/2010 1,250,000.00 1 13 Loan 04/09/2010 8,991.00 1 14 Loan 06/30/2011 100,000.00 1 15 Loan 07/26/2011 1,400,000.00 1 16 Payment 07/26/2011 11,871,025.00 1 17 Loan 08/26/2011 96,635.00 1 18 Loan 09/26/2011 6,540.00 1 19 Payment 02/09/2012 2,183,813.00 1 AMORTIZATION SCHEDULE - Normal Amortization Date Loan Payment Interest Principal Balance Loan 01/12/2006 100,000.00 100,000.00 Loan 03/31/2006 1,960,000.00 1,287.55 1,287.55- 2,061,287.55 2006 Totals 2,060,000.00 0.00 1,287.55 1,287.55- Loan 06/18/2007 7,352,825.00 151,919.43 151,919.43- 9,566,031.98 Loan 12/18/2007 2,330,000.00 283,833.38 283,833.38- 12,179,865.36 Loan 12/31/2007 677,825.00 25,430.13 25,430.13- 12,883,120.49 2007 Totals 10,360,650.00 0.00 461,182.94 461,182.94- Loan 01/03/2008 100,000.00 6,207.33 6,207.33- 12,989,327.82 Loan 01/25/2008 100,000.00 45,895.71 45,895.71- 13,135,223.53 Loan 02/25/2008 101,500.00 64,167.01 64,167.01- 13,300,890.54 1 10/31/2008 12,470,025.00 537,670.04 11,932,354.96 1,368,535.58 Loan 12/31/2008 6,880,000.00 13,403.55 13,403.55- 8,261,939.13 Loan 12/31/2008 1,220,000.00 0.00 0.00 9,481,939.13 2008 Totals 8,401,500.00 12,470,025.00 667,343.64 11,802,681.36 Loan 03/09/2010 1,250,000.00 684,157.12 684,157.12- 11,416,096.25 Loan 04/09/2010 8,991.00 55,768.88 55,768.88- 11,480,856.13 EFTA01118678  05/02/2012 1:27:11 PM Page 2 Serial 760667, 760750 with 175k & 760472 w/ Ok DKI LV Date Loan Payment Interest Principal Balance 2010 Totals 1,258,991.00 0.00 739,926.00 739,926.00- Loan 06/30/2011 100,000.00 852,075.47 852,075.47- 12,432,931.60 Loan 07/26/2011 1,400,000.00 51,917.00 51,917.00- 13,884,848.60 2 07/26/2011 11,871,025.00 0.00 11,871,025.00 2,013,823.60 Loan 08/26/2011 96,635.00 9,837.75 9,837.75- 2,120,296.35 Loan 09/26/2011 6,540.00 10,357.88 10,357.88- 2,137,194.23 2011 Totals 1,603,175.00 11,871,025.00 924,188.10 10,946,836.90 3 02/09/2012 2,183,813.00 46,618.77 2,137,194.23 0.00 2012 Totals 0.00 2,183,813.00 46,618.77 2,137,194.23 Grand Totals 23,684,316.00 26,524,863.00 2,840,547.00 23,684,316.00 EFTA01118679