Appendix A: Veloce ANG Options, Equipment & Pricing

Standard Ready-to-Fly Equipment

• Rotax 912 UL 115 HP or Aerovolare 160 HP Turbo engine
• $30,000 allowance toward another engine choice
• Flybox propeller controller
• Constant-speed propeller with composite spinner
• ANG-manufactured variable-pitch propeller
• Full carbon-fiber construction
• Metal limited to landing gear, engine mount, hinges and screws
• Latest-design NACA wing for maximum speed and low stall
• Approximately 49 KTAS stall speed
• Smooth composite exterior with no visible rivets
• Corrosion-resistant composite materials
• 4130 steel engine mount
• Retractable landing gear
• Trailing-link hydraulic shock absorbers
• Hydraulic landing gear system with pumping station
• 65-gallon (246-liter) standard fuel capacity
• Large electrically operated slotted flaps
• Dual aileron and elevator control sticks
• Bell-crank and pushrod control system
• Ball-bearing flight control surfaces
• Balanced flight control surfaces
• Inspection hatches at junctions and inspection points
• Full dual controls, including sticks, pedals and toe brakes
• Center-mounted throttle
• ANG axles, wheels and hydraulic disc brakes
• Eight-inch front and main wheels with six-ply tires
• ANG eight-inch cast rims with Delitire 4.8/4.0-8 tires
• 50-inch front and 52-inch rear cockpit width
• Fixed windscreen and lockable gullwing doors
• Electrically operated elevator trim tab
• Electric horizontal seat adjustment for pilot and copilot
• Front seats and 40/20/40 split rear seating
• Room for three adults in the rear
• Seats and interior components prepared for leather
• 68.4-inch-long and 33.6-inch-wide luggage compartment
• 120-pound luggage capacity with two occupants
• 110-pound luggage capacity with five occupants
• Cabin heating and ventilation system
• Direct cool-air composite airbox
• Oil cooler and radiator for hot and cold operation with Rotax engines
• Inline oil thermostat
• Two electric fuel pumps
• Composite wingtips, wing fairings, tail fairings and nose fairing
• Fiberglass instrument panel with carbon-fiber inlay
• Glove/map box in the instrument panel
• Instrument-panel circuit breakers
• Steerable nose wheel
• Doors removable by hand from inside before leather installation
• LED landing and taxi lights in both wings
• Locking, vented fuel caps
• Triple LED navigation and strobe lights on wingtips and tail
• Dual brake toe pedals
• Center console with padded armrest and storage hatch
• Cast-aluminum unheated pitot tube with angle of attack
• High-power lithium iron phosphate battery
• Modern push-button start system
• Left-seat RAC grip with PTT and elevator-trim controls
• Right-seat RAC grip with PTT button
• Stainless-steel exhaust

Standard Parachute System

• Galaxy GRS 6 800-990 SDS 175 m² rescue system
• Installation of the Galaxy rescue system
• Preparation for installation of the rescue system
• Required cables, mounting brackets and aircraft skins prepared for the parachute

Aircraft and Exterior Options

Engine Options

Dynon Instrumentation

The standard instrumentation package is a dual-screen Dynon IFR system with a Garmin GPS 175. Connecting and wiring are included as specified.

Garmin Instrumentation Options

Replacing the Dynon package with a Garmin-equivalent package adds $10,000. Individual Garmin components may also be selected.

Paint and Exterior Finish

Interior Options

Additional Aircraft Options

Oxygen Systems

Wi-Fi and Shipping

Special Light Sport Aircraft (S-LSA) Purchase and Sale Agreement

Aircraft: Veloce ANG

This Purchase and Sale Agreement (the “Agreement”) is entered into as of (the “Effective Date”), by and between:

BUYER and SELLER may be referred to individually as a “Party” and collectively as the “Parties.”

Terms and Conditions

Clause 1. Aircraft Description and Certification Status

The aircraft subject to this Agreement is one (1) factory-built Veloce ANG Special Light Sport Aircraft (“Aircraft”) manufactured and delivered in accordance with applicable FAA Special Light Sport Aircraft (S-LSA) regulations and manufacturer declarations in effect at the time of delivery.

The Aircraft is not certified under 14 CFR Part 23. It is governed by FAA S-LSA regulations and applicable ASTM consensus standards.

Clause 2. Purchase Price and Payment Terms

Total Purchase Price: US $417,000 (Four Hundred Seventeen Thousand U.S. Dollars).

The payment schedule, deposits and production milestones are set forth in Appendix B.

Failure to make payment within five (5) days of any due date constitutes default. SELLER may suspend production, suspend delivery, terminate this Agreement or reassign the Aircraft.

Optional upgrades must be prepaid in accordance with Appendix B.

Clause 3. Regulatory Acknowledgment

BUYER acknowledges that:

1. S-LSA certification is governed by FAA regulations and manufacturer declarations, not Part 23 certification standards.
2. Changes in FAA policy, MOSAIC implementation, regulatory interpretation or processing times may affect delivery timing but do not affect Aircraft airworthiness if compliant at delivery.
3. The Aircraft will be delivered with appropriate documentation for S-LSA registration and lawful operation.

Clause 4. Delivery, Training, Inspection and Acceptance

4.1 Delivery Location

Whiteville, North Carolina, unless otherwise agreed in writing.

4.2 Estimated Delivery

The Parties acknowledge an estimated delivery target of December 2027, subject to production scheduling, certification progress, regulatory approvals and supply-chain conditions. Any regulatory delay or force majeure event shall extend delivery without penalty.

4.3 Transition Training Support

SELLER agrees to provide up to twenty-five (25) hours of transition flight-training assistance following delivery, subject to instructor availability, aircraft availability, weather conditions and insurance requirements, unless waived in writing by BUYER. Insurance approval and premium terms are determined by third-party insurers and are not guaranteed by SELLER.

4.4 Pre-Delivery Inspection and Fit-and-Finish Satisfaction

BUYER shall have thirty (30) calendar days following notice of completion to inspect the Aircraft.

“Fit and finish” refers to cosmetic appearance, alignment, surface quality, interior trim, paint quality and workmanship consistent with manufacturer standards for S-LSA aircraft.

If BUYER identifies material nonconformities, SELLER shall have up to ninety (90) days to correct such items.

If SELLER reasonably determines corrections cannot be achieved, SELLER may refund amounts paid.

4.5 Acceptance

The Aircraft shall be deemed accepted upon the earliest of:

1. BUYER signing an Acceptance Certificate;
2. Completion of ten (10) flight hours; or
3. Expiration of the inspection period without written notice specifying material nonconformities.

“Material Nonconformity” means failure to meet manufacturer specifications or FAA S-LSA compliance requirements.

Clause 5. Warranty

5.1 Limited Aircraft Warranty

SELLER warrants that the Aircraft shall be free from defects in materials and workmanship for one (1) year or 200 flight hours, whichever occurs first, from delivery.

5.2 Exclusions

This warranty excludes normal wear and tear, misuse, improper maintenance, unauthorized modifications, operation outside published limitations or damage after delivery.

5.3 Manufacturer Component Warranties

Avionics, engine, propeller and accessories are covered by their respective manufacturers’ warranties.

Clause 6. Limited Buyer Satisfaction Option

6.1 Fit, Finish and Flight Characteristics

As a commercial accommodation and confidence provision, within thirty (30) days following delivery, BUYER may report dissatisfaction related to fit, finish or flight characteristics that materially deviate from manufacturer specifications.

SELLER shall have a reasonable opportunity to correct such items.

If correction is not feasible, SELLER may, at its sole discretion:

1. Accept return of the Aircraft and refund amounts paid, less reasonable usage and any damage; or
2. Propose an alternative commercially reasonable resolution.

This clause is not a guarantee of personal preference but can be used as such, knowing that if the manufacturer deems the requested corrections too demanding, it may elect to refund the purchase price and resell the Aircraft when the requests exceed correction of material defects that deviate from manufacturer specifications.

6.2 Demonstration Flight

The BUYER has thirty (30) days to take a demonstration flight once it is scheduled and determine whether the BUYER is satisfied with the Aircraft’s flight performance. During this period, the BUYER may request and receive a full refund if dissatisfied with the demonstration flight.

Once the thirty-day period has passed, the refund window will automatically close unless SELLER has received notice that BUYER wants a refund.

Clause 7. Seller Obligations

SELLER shall:

1. Manufacture and deliver the Aircraft in compliance with FAA S-LSA regulations and applicable standards;
2. Provide documentation necessary for registration; and
3. Perform agreed production milestones consistent with Appendix B.

Clause 8. Limitation of Liability

SELLER shall not be liable for consequential, incidental, special or punitive damages. Total liability shall not exceed the total amounts paid by BUYER.

Clause 9. Indemnification

BUYER shall indemnify and hold harmless SELLER from claims arising from operation, maintenance or modification of the Aircraft after delivery.

Clause 10. Force Majeure

Neither Party shall be liable for delays caused by events beyond reasonable control, including regulatory delays, supply-chain disruption, labor interruption, war, natural disasters or governmental action.

Clause 11. Resale Assistance

For twelve (12) months following delivery, SELLER agrees to assist BUYER in marketing the Aircraft through its sales network without an additional listing commission. Any amount received over the original purchase price will be paid to SELLER.

Any repurchase by SELLER shall be at a mutually agreed fair market value reflecting usage, condition, depreciation and market factors. No guaranteed buy-back price is implied.

Clause 12. Default

Failure to make payment within five (5) days of a due date constitutes default. SELLER may suspend production, suspend delivery, terminate the Agreement or reassign the Aircraft.

Clause 13. Governing Law, Forum Selection and Arbitration

This Agreement shall be governed exclusively by the laws of the State of North Dakota.

All disputes shall be resolved by binding arbitration administered by the American Arbitration Association (AAA) under its Commercial Arbitration Rules.

• Seat of arbitration: North Dakota
• Language: English
• Number of arbitrators: Three (3)

Any permitted court action shall be brought exclusively in:

1. State courts located in Burleigh County, North Dakota; or
2. The United States District Court for the District of North Dakota.

This clause survives termination or completion.

Clause 14. Attorney Fees

The prevailing Party shall be entitled to recover reasonable attorney fees and costs.

Clause 15. Entire Agreement

This Agreement constitutes the entire agreement between the Parties and supersedes all prior discussions or representations. Modifications must be in writing and signed by both Parties.

Clause 16. Insurance Acknowledgment

BUYER acknowledges that insurance availability, premiums and training requirements are determined by third-party insurers and are not guaranteed by SELLER. BUYER is solely responsible for obtaining required insurance coverage.

Clause 17. Import Duties and Taxes

All import duties, tariffs, customs charges and governmental taxes in excess of $10,000 USD, if any, shall be the sole responsibility of BUYER and must be paid before delivery.

Clause 18. Survival

Provisions relating to warranties, limitation of liability, indemnification, dispute resolution, attorney fees and governing law survive delivery, acceptance, refund, termination or completion.

Signatures

Appendix B: Payment Schedule