JOHN HOPKINSON

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JOHN HOPKINSON ASSOCIATES LTD. Corporate
Profile   HEAD OFFICE BOX 309 WATER VALLEY,
ALBERTA CANADA, T0M 2E0 Telephone
403-637-2250 Facsimile 403-637-2153 Email
hopkinson_at_direcway.com www.hopkinsonassociates.com

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TABLE OF CONTENTS     CORPORATE
PROFILE 1 ACQUISITIONS 2 REMARKETING 3 RESEARCH
SERVICES 4 CONSULTING SERVICES 4 APPRAISAL
SERVICES 5 PROJECT EXPERIENCE 6 SELECTED LIST OF
CLIENTS 7 KEY BUSINESS AREAS 8  BANKING
CONNECTION 9 CHARTERED ACCOUNTANTS 9 MEMBERS
OF 10 FEE SCHEDULE 11 BIOGRAPHIC INFORMATION -
KEITH JOHN HOPKINSON 12 BIOGRAPHIC INFORMATION
GARY L. BANKS 14 BIOGRAPHIC INFORMATION DEBRA
RUSSELL 15 BIOGRAPHIC INFORMATION JUSTIN
JONES 16 BIOGRAPHIC INFORMATION CHRISTINA
HOPKINSON 17  
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CORPORATE PROFILE   John Hopkinson and Associates
Ltd. was incorporated in 1979 as an international
aircraft brokerage and consulting firm,
specializing in corporate and airline type
aircraft. In order to provide a complete range
of consulting and appraisal services,
associations have been formed with a number of
individuals and corporations, with extensive
International and North American experience. The
principal is Mr. Keith John Hopkinson, an
international aircraft broker and President of
John Hopkinson Associates Ltd. He has over
forty years of highly varied national and
international experience, with an established
reputation and demonstrated skills as a
successful negotiator, appraiser and visionary
provider as far as this industry is concerned.
Our associates are worldwide specialists in all
types of jet powered equipment including
specialization in international financing.
Throughout our wide network of associates and
contacts worldwide, we are in an unique position
to form teams of specialists as required to deal
with most aviation related situations. John
Hopkinson Associates Ltd. offer consulting, a
full aircraft research department, worldwide
aircraft appraisal services, and aviation related
technical and management services.   John
Hopkinson Associates Ltd. specializes in the
acquisition and disposal of aircraft for clients.
They do not own inventory, but rather represent
their clients as a trustee in their endeavours.
All companies are of a size to benefit from these
services.   John Hopkinson Associates Ltd.
provides an encompassing service including lien
searches on titles to ensure the removal of
encumbrances on acquired chattels, and the
de-registration and re-registration of aircraft
as situations demand. Business has been
consummated in most countries worldwide,
acknowledging with success the peculiarities
existing in some foreign business and political
climates.   Lease equipment opportunities are
successfully arranged involving all the
operational financing, and tax implications
applicable in todays ever changing international
business place.
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• ACQUISITIONS
•  
• Acquiring an aircraft is an important process at
  any level. Every client and situation is unique.
  Your time is valuable. Our main objective is to
  make the entire process as easy and as pleasant
  an experience as possible for our clients. The
  staff at John Hopkinson Associates Ltd. have
  over forty years of experience. Our highly
  knowledgeable staff can manage every step of the
  way.
• Services our experienced staff will provide
• Evaluation of clients needs and requirements
  with respect to the type of equipment
• Research of aircraft availability on global
  market
• Analysis of market availability for higher
  negotiating power
• Assistance in arranging financing through our
  worldwide network
• Negotiation to ensure the client receives the
  best possible deal available
• Full preparation of purchase contract
• Pre-purchase inspections are a necessity in any
  acquisition. We have the capability to supply
  highly trained
• professionals, should the client require
  this service
• Lien and Title Searches
• Managing the de-registration and
  re-registration process with appropriate
  government agencies
• Arranging and managing any repairs, or
  modifications, as required
• Arranging Delivery, Customs and Importation
  documents as required
• Assistance in setting up Flight Departments and
  hiring staff

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• REMARKETING
•  
• We understand our clients time is valuable.
  This is why our remarketing program is so useful.
  Our objective is to protect our clients best
  interests in all areas with regard to the resale
  of their asset. Remarketing requires in-depth
  industry knowledge and experience. It requires
  extensive advertising and knowledgeable staff to
  answer the many questions put to them by
  potential buyers. Our highly qualified team can
  manage all aspects of your remarketing
  requirements.
• Remarketing Services provided
• Market Analysis, with todays changing economy,
  our staff are up to date on what is occurring in
  the industry
• Price Evaluation of aircraft
• Extensive non-stop advertising including global
  trade publications, internet, online aircraft
  research companies and
• newspapers
• Preparation of Brochure on aircraft which
  include photographs, equipment lists, maintenance
  and technical
• information
• Weekly market analysis and transaction
  reporting
• Management of all remarketing related
  inquiries
• Presentation of all offers received
• Negotiation to ensure our client receives the
  best possible sales price
• Monitoring of the pre-purchase inspection with
  regard to the clients interests
• Management of any contractual conditions or
  obligations that may apply with respect to our
  client
• Delivery of Asset

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RESEARCH SERVICES     John Hopkinson Associates
Ltd. employ a full time research department.
They have computerized research for all
corporate, turbine, and jet aircraft and a manual
research department with computer logging of all
commuter and airline type equipment.   This
department is staffed at the head office location
in Water Valley, Alberta, Canada and supplies to
our clients research as required on both an
ongoing and per project basis.   This service
necessarily includes tracking of previous
transactions for a more accurate understanding of
existing conditions.   Research information is
shared with our agents and associates worldwide
for comprehensive reporting. CONSULTING
SERVICES     John Hopkinson Associates Ltd.
performs consulting services related to aviation
requirements for industry. Our consulting
services include the ability, through farm-out
arrangements, to supply safety audits and
technical assessments.   Our in-house
capabilities permit us to successfully report on
corporate aviation operations, both present and
proposed, and market trends.   Special projects
such as evaluating emergency medical health
fields as they are related to aviation, and
aviation applications in new frontiers, are a
regular part of this service.
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APPRAISAL SERVICES   John Hopkinson Associates
Ltd. have been specializing in past, present and
forecast values of all types of aircraft and
aviation related equipment for many years.   We
count among our clients many of the major lenders
and financial institutions in our country. We do
fixed as well as rotary wing aircraft, and
specialize in turbine and airline equipment.
  It is a mandatory part of our appraisals that
expenses be recorded, and must include a
pre-purchase evaluation performed by a competent,
independent engineer properly endorsed on the
type of equipment. A professionally prepared
statement of adjustments is an integral part of
this service.   Pricing comparisons from the
major trade sources, through the use of our
research department, are used for these
discussions, and forecast economic trends are
considered as a factor in our opinions.   Past
transactions are listed and prepared for
comparison purposes. A sample of sources used,
but not complete, is as follows 1. JETNET
Computer System for Turbine and Jet Airplanes 2.
In-house tracking of all deHavilland products by
serial numbers and transactions 5. The Airliner
Price Guide of Commercial, Regional and Commuter
Aircraft, Published by Thomas and Richards 6.
The Aircraft Bluebook Price Digest 7. Vref
Aircraft Value Reference 8. The International
Aircraft Price Guide, published by ASI in London,
England 9. Commercial Aircraft Fleets of Jet
and Turboprop Equipped Airlines in the World,
published by Avmark and McDonnell
Douglas 10. Airline Financial News, published by
Phillips Publishing 11. Avmark Inc.
Newsletter 12. Airclaims Market Intelligence 13.
Various Trade Journals, such as all North
American and European periodicals, including
Trade-A-Plane
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PROJECT EXPERIENCE     John Hopkinson
Associates Ltd. performs special projects for
Government agencies and clients who are without
the in-house ability to evaluate
concepts.   Emergency Medical Services as they
relate to rotary wing aircraft in populous areas
has become a extremely well investigated
area.   Feasibility studies for regional size
airlines in third world countries is,
accordingly, an area of concern both to
governments and financial lenders.   It is not
uncommon for investment groups with aviation
interest, but not experience, to consider
aviation related investments in the fixed base
area. Our company is qualified to perform these
assignments.   Some major corporations have found
it most convenient to enter into a long range
contract for the procurement and disposal of
their aviation related assets, on a cost plus
basis, with decisions based on a regular monthly
update.   The aforementioned specifies generally
the type of projects undertaken.   A very
popular way of the future appears to be the
management of aircraft leasing portfolios for
lenders. John Hopkinson Associates Ltd. is
experienced in this field on an ongoing basis.
Our project experiences have involved dealing
on a regular basis with the majority of major
airframe manufacturers and suppliers, with
favourable results, allowing us to include
information from these manufacturers in our
comparisons.
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SELECTED LIST OF CLIENTS Aero Perlas S.A.
Thai Flying Service Jutlandia A/S Bank of Nova
Scotia Kenn Borek Air Ltd. Home Oil
Company West Wind Aviation Inc. Cameco
Corporation Cogema Resources Inc. La Ronge
Aviation Cavendish Investments Ltd. Cubanacan
S.A. Gulf Canada Resources Ltd. Suncor Energy
Inc. Eagle Copters Ltd. Truman Arnold Companies
Jamaica Citizens Bank Bristow
Helicopters Chevron Canada Resources MCC
Financial Corporation TSA Aviation,
Inc. Canadian Pacific Limited Canadian Pacific
Railway Shell Canada Limited Morgan Air
Ltd. Associates Capital Pem-Air
Ltd. Confederation West Leasing N.W.T.
Leasing Aero Condor S.A. James Richardson Sons
Ltd. Alkan Air Accent Aviation Halliburton
Canada Inc. Air Stord Monarch Airlines European
Aircraft Leasing The CIT Group Northwestern
Air LeaseInterprovincial Pipeline Company Skywest
Airlines Fayard Enterprises Noranda
Mines Coopers Lybrand Kal Air Ltd Samaritan Air
Service Ltd. Air North Bannert Air La Loche
Airways Ltd. Trans Canada Pipelines BAC
Leasing Aerolineas Centrales de Colombia S.A. PIC
Investments Ltd. Virgin Island Airways Federal
Business Development Bank British Aerospace Calm
Air Canamera Geological CitiCapital Limited RBC
Financial Amoco Canada Petroleum Company
Northern Thunderbird Air Fairmont
Hotels Canadian Airlines International
Ltd. Asamera Minerals Inc. Chartright Air
Group National Equipment Leasing Mount Cook
Airlines BC Telus Enbridge Energy Company, Inc.
Flexi-Coil Ltd.
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KEY BUSINESS AREAS    The areas listed below are
areas in which we have recent experience and a
well developed contact base.   EUROPE Austria Germ
any France Turkey Italy Norway Denmark United
Kingdom ASIA Nepal Australia New Zealand Tonga
Russia Fiji AFRICA Kenya Ethiopia CENTRAL AND
SOUTH AMERICA Panama Peru Cuba Colombia Chile Cost
a Rica Mexico El Salvador Nicaragua Argentina CA
RIBBEAN COMMUNITY Aruba St. Maarten Bahamas Barbad
os British Virgin Islands Guyana
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BANKING CONNECTION   BANK OF NOVA SCOTIA 100,
3508 - 32nd Avenue N.E. Calgary, Alberta,
Canada T2E 6Z3 Telephone [phone] Facsimile
403-221-6973   CHARTERED ACCOUNTANTS ENGLISH
CO. 60 James Street 5th Floor Box 1237 St.
Catharines, Ontario Canada, L2R 7A7 Telephone
905-688-4842 Facsimile 905-688-1746
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MEMBERS OF National Business Aircraft
Association Inc. 1200 18th St., NWSuite
400Washington, DC20036-2527Tel
[phone]Fax [phone]Email
info_at_nbaa.org Canadian Business Aircraft
Association National Office99 Metcalfe, Suite
304Ottawa, ON K1P 6L7Tel [phone] Fax
[phone] E-mail info_at_cbaa.ca
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• FEE SCHEDULE
•  
• AIRCRAFT BROKERAGE - 5 OF SELLING PRICE
•  
• A confidential agreement is entered into whereby
  commissions are permitted to be obtained from the
  vendor, with a full trust reconciliation
  crediting our clients account, these amounts in
  full. A reduction to 3.5 is automatic if the
  transaction(s) exceed 2.5 Million USD.
•  
• AIRLINE TYPE EQUIPMENT
•  
• A pre-agreed rate of commission or fee, depending
  on the amount of research and size of project, is
  agreed in writing on each individual transaction.
•  
• APPRAISALS
•  
• A daily rate of 1,500, which includes all office
  services, but excludes disbursements.
  Disbursement examples are travel expenses and
  outside services for engineering, in-keeping with
  our company requirement.
•  
• Fees are payable in Canadian dollars, unless the
  transaction is consummated in an alternative
  currency. The majority of aviation transactions
  are performed in U.S. currency.
•  
• Rates are exclusive of G.S.T. ,where
  applicable.
• All third party costs and expenses are charged
  at cost with discounts from the industry passed
  on.
• Although in-house support staff is included in
  these fees, rates of associates and those hired
  outside, are passed on

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BIOGRAPHIC INFORMATION KEITH JOHN HOPKINSON,
PRESIDENT   Since 1979, when John Hopkinson
Associates Ltd. was formed, he had been an
independent aircraft broker and consultant
specializing in corporate and airline type
aircraft with emphasis on Canadian and
international markets. He has bought and sold
aircraft from Calgary, Alberta on an
international level. The excellent
transportation and communications facilities from
Calgary permit this. Projects have been carried
out and completed in Canada, United States,
Europe, Asia, Central and South America as
outlined in the company's "KEY BUSINESS AREAS"
plan. Mr. Hopkinson has dealt with most of the
major airframe manufacturers as well as many of
the major corporations in Canada. Prior to
forming John Hopkinson Associates Ltd., he has
been active in the aviation industry since his
youth. A general aviation interest from his
family, led to his first employment in a family
owned aircraft fixed base operation and charter
business, where he started as a commercial pilot
at eighteen flying twin engine aircraft in
Southwestern Ontario.   Mr. Hopkinson has 8500
hours FLYING EXPERIENCE. His travels have been
worldwide with an extensive contact network, all
aviation related. He specializes in the buying
and selling of aircraft of the commuter and
corporate size, but variance of this status has
been known to exist. Except for a period in the
1970's, his business experience has been entirely
aviation related since the 1960's and with the
advent of the corporate jet and the popularity of
the regional airlines, Mr. Hopkinson's focus grew
as the equipment changed. Thus, the type of
products specialized in today. His earlier
aviation training and accumulated hands on
business experience has been extremely
beneficial.   Frequently he receives written
mandates with trust funds, and has the direct
responsibility for evaluations, negotiations,
acquisitions and disposals on behalf of major
corporations.   His memberships include the
majority of the North American aviation groups.
He has been a licensed Canadian commercial pilot
until recently, but business commitments have
necessitated the majority of travel being
completed by airline because of distances
involved.   A good knowledge of lending ratios
and financial requirements has been a proven
asset for managing lease portfolios.
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BIOGRAPHIC INFORMATION KEITH JOHN HOPKINSON,
PRESIDENT  
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BIOGRAPHIC INFORMATION GARY L. BANKS, VICE
PRESIDENT. Prior to joining John Hopkinson
Associates Ltd., he was employed by Home Oil Co.
for thirty years, retiring as Manager of
Aviation. During his tenure with Home Oil Co.,
Mr. Banks was on the management committee for
Interhome Energy and was instrumental in forming
Home Aviation, a division of Home Oil Co. He has
over 16000 hours flying experience and holds an
early Airline Transport License, Number AA8429.
He is a Director of the Canadian Business
Association, headquartered in Ottawa, and is a
member of the majority of North American aviation
groups. He has extensive aviation experience in
management, commercial and corporate aviation.
From the Calgary International Airport office,
Mr. Banks responsibilities include aircraft
appraisals, sales, negotiations and fleet
planning for corporate and commercial aviation
companies.  
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BIOGRAPHIC INFORMATION     DEBRA RUSSELL, LEGAL
ASSISTANT/OFFICE MANAGER. With more than 16
years experience in the legal profession, Debra
is responsible for handling all aspects of
paperwork on transactions. She prepares
contracts and coordinates all documentation with
regard to remarketing and acquisitions. She is
also responsible for all advertising and
remarketing details. .
 
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BIOGRAPHIC INFORMATION   JUSTIN JONES, RESEARCH
DIRECTOR. Justins strong computer knowledge is
an asset in the research department. He assists
on all appraisals, providing necessary research
and document verification. He provides client
assistance with respect to the various technical
details of transactions, including coordinating
maintenance, inspections and delivery.
 
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BIOGRAPHIC INFORMATION   CHRISTINA HOPKINSON,
CFO. Christina has been with the company for
twenty years. She is responsible for managing
all company financial matters.