SALVAGE BID LETTER

         AIRCRAFT:   1970 Grumman Ag-Cat G-164A N7832; S/N: 783                   PHOTOS

         ENGINE(S):  Pratt & Whitney R-1340-AN-1, serial number 41-12798

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

        ENGINES:  23 SMOH  & 2558 Total    AIRFRAME:  9005 Total

       EQUIPMENT:  Basic instruments only

       DESCRIPTION OF ACCIDENT:   Emergency landing due to unknown cause; subsequent damage to airframe occurred when tie-downs failed during high winds.

       DESCRIPTION OF DAMAGES:  Prop strike.  Extensive damage to wings.  Damage to tail section.  Engine mount is bent.  Unknown damage to fuselage.   SEE PHOTOS

       LOCATION OF AIRCRAFT:  Aircraft is located in Bovina, Texas.  Engine is located at Covington Aircraft Engines in Okmulgee, OK        

       REMARKS:   Engine failure had originally been suspected as the cause of the loss, however, the engine was removed and shipped to Covington Aircraft Engines in Oklahoma for further evaluation.  The test run was

                             successful  so the engine was not disassembled.  The engine is presently located in Oklahoma and the airframe is in Texas.

       INQUIRIES:  Kiia Adams, 404 946 1419

       INSURED:  Bull Town Sprayers, Inc.                                                                       

       CLAIM NUMBER:   AAC00332784

      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, May 29, 2009.  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.

       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, May 15, 2009.

       Name of Bidder                                                                Amount of Bid $                                            

      Address                                                                                                                                                    

      Phone  Number                                                                 Fax Number                                                   

      Bidder Signature                                                              Date of Bid