Purchase Agreement - Kitfox Aircraft

FoxAir LLC agrees to build and sell to buyer a Kitfox Light Sport Aircraft.Buyer understands the definition of SLSA (Special Light Sport Aircraft) and so understands that deviationsfrom conformity are not allowed.Buyer has read and understands the Terms and Conditions of Sale. These Terms and Conditions become a partof this agreement.Purchase PriceThe agreed purchase price of this aircraft is:_________________.Details of charges are on Order Form #________DeliveryThe expected completion of this aircraft is ______________________.This agreement was entered into this _________ day of __________________ , 20_____DepositA $5000.00 fully refundable deposit, as described in the Terms and Conditions, is required to place an order forthe Kitfox SLSA Aircraft and secure a production position.Aircrafts base price is guaranteed at the time of deposit.FORM OF DEPOSIT PAYMENTAmount: $ __________________Wire Transfer – see wire transfer instructionsCheck # ________________________________________Credit Card #_____________________________________ Exp: ____/____/____Buyer Name:_____________________________________________________________________________Buyer Signature_____________________________________Title:____________________________________Prices, specifications are subject to change without notice or obligation.

Terms and Conditions of SaleInitial DepositProduction positions are assigned in order of an initial deposit received. A $5,000.00 (five thousand dollar)deposit is required to secure a production position. Your initial deposit is refundable within 30 days. Depositrefund request must be made within a maximum of 30 calendar days from date order placed and made directto FoxAir LLC. Deposit refunds may be subject to a $150.00 processing fee. Visa or Master Card will beaccepted for initial deposits only.Payment Schedule8 (eight) weeks prior to the start of production of your Kitfox Light Sport SLSA, a payment of 50% of thebalance remaining will be required. At this time and going forward all funds paid to FoxAir LLC will benon refundable. These and all future funds are payable via bank wire transfer or certified funds only toFoxAir LLC.A payment of 25% of the remaining balance will be requested at start of the Firewall Forward & Avionicsinstallation.Remaining balance of the full purchase price will be due upon completion and prior to customer delivery.All funds are quoted and required payment will be in US Dollars. No exceptions.A payment schedule will be provided to buyer for his/her convenience with due dates and amounts.Production positions are transferable. FoxAir LLC must approve the transfer of a production position.Terms of this agreement must be agree upon by all parties involved and a new purchase and sales agreementsigned by the party the production position is transferring to. All funds previously paid to FoxAir LLC inregards to the transferred production position will remain with FoxAir LLC.Custom OptionsCustom Options, such as paint schemes or custom panels, will be quoted separately. Custom options arequoted on an individual basis and may require additional deposit and or charges for installation requirementsand materials.WarrantyFoxAir LLC warranties all workmanship and materials used in the manufacturing of this aircraft for a periodof 6 months from date of delivery. All original warranties from outside suppliers, including avionics,propellers, and engines, will remain as stated by the individual supplier. No other warranties are implied orexpressed by FoxAir LLC.Sales TaxFoxAir LLC will furnish the buyer, an Aircraft Bill of Sale (FAA Form AC 8050-2) at time of delivery for fullamount of the purchase price. Buyer of said aircraft will be responsible for state sales tax and any feesassociated with the registration of the aircraft in the buyers residence/registration state.Page | 1termsandconditions-030410

Terms and Conditions of SaleInsuranceInsurance coverage will be the responsibility of FoxAir LLC through the production process. Buyer takes fullresponsibility for any and all insurance requirements at the time the Bill of Sale and Registration paperworkis issued to the buyer. FoxAir LLC is held harmless when buyer has taken possession of the aircraft.Flight InstructionFlight instruction in your new Kitfox Light Sport SLSA can be arranged by contacting Stick and RudderAviation at www.stick-rudder.com or 208.477.1318. Please contact them in advance to set up an instructionsession. 7 hours of instruction with Stick and Rudder Aviation is included with the purchase of your newKitfox Light Sport SLSA. See Kitfox Flight Training Addendum for details. ________ initialDeliveryBuyer will be notified of expected completion date in advance and will be responsible to arrange pick up ordelivery of their Kitfox Light Sport SLSA aircraft purchased. Storage fee will be assessed @$75.00 per dayfor any aircraft deemed ready for delivery by FoxAir LLC and not picked up from the factory within15 days of completion.Possession of AircraftPossession of the aircraft is when the Bill of Sale and Registration paperwork has been issued to the buyer.I (buyer)_________________________________________________Please PrintI, the buyer have reviewed the terms and conditions of this agreement and by signature below agree of myown free will and under no distress to all terms stated in this agreement.________________________________________________________Buyer’s SignatureDate________________________________________________________FoxAir LLCDatePage | 2termsandconditions-030410

Terms and Conditions of SaleADDENDUMFLIGHT TRAINING OFFERED WITH YOUR PURCHASE.A maximum of 7 hours instruction (two hours ground and five hours flight instruction) will be included withthe purchase of your new Kitfox Light Sport Aircraft. This training is to be scheduled directly with Stick &Rudder Aviation @ www.stick-rudder.com or by contacting them at 208.477.1318. No other flight school orinstructor may be used for this training included in with your purchase.You may schedule your instruction in your new Kitfox Light Sport Aircraft at the time of delivery or youmay schedule instruction in a Stick & Rudder Aviation Kitfox Light Sport Aircraft. This instruction is to bescheduled within 60 days prior to delivery or within 7 days after delivery is taken of your new Kitfox LightSport Aircraft. Any instruction taken outside of this time frame will not be provided by FoxAir LLC and costof such instruction will be the responsibility of the customer.This provided instruction applies to original purchaser only and does not apply to the resale of any KitfoxLight Sport Aircraft. This offer has no cash value and will not be discounted from current pricing ifpurchaser declines training._________________________________________________________Purchaser accepts instruction termsDatePlease sign and date_____________________________________________________________Purchaser declines instruction termsDatePlease sign and datePage | 3termsandconditions-030410