2003 Cirrus SR22 N3452L

AIRCRAFT : 2003 Cirrus SR22, N3452L
CLAIM NO. : F79723

This is to advise that the above damaged aircraft, insured by United States Aircraft Insurance Group, which is managed by United States Aviation Underwrites, Inc. (USAU), is for sale as is, where is, with no representations or warranties as to the aircraft condition. The undersigned agrees and acknowledges the following additional conditions:

(1) USAU will notify the FAA of the change of aircraft ownership,
(2) USAU will make an entry in the aircraft logbooks indicating that the aircraft was damaged,
(3) The undersigned will disclose to any future purchaser the damage history of this aircraft, and;
(4) A cashier's check or certified check will be provided to USAU within (10) days of notification of the successful high bid. The aircraft will be released to the undersigned upon receipt of the funds.

USAU, Inc. reserves the right to reject any and all bids. All storage charges incurred after September 23, 2005 will be the responsibility of the purchasers.

AIRCRAFT: Cirrus SR22 REG.: N3452L SERIAL NO.: 0530

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

AIRFRAME: 1410 ENG.: 1410

EQUIPMENT: standard Garmin with Avidyne panels

DESCRIPTION OF ACCIDENT: due to medical condition parachute was deployed and aircraft landed in fresh water.

DESCRIPTION OF DAMAGES: Aircraft was underwater for 2 days. engine was drained and flushed, oil was replaced and the prop was turned thru several times. One prop blade slightly bent Fuselage has parachute strap deployment damage. Several cracks on fuselage where belly meets the sides. lower engine cowl damaged. Right elevator tip damaged after the accident. Right flap trailing edge damaged. Pilots side window broken

LOCATION OF AIRCRAFT: Anglin aircraft, Clayton DE 302-653-3500
Note: Storage facility will not comment on wreckage. It is recommended each purchaser inspect the damaged aircraft.

Please submit your bid on this form and return so it is received no later than NOON, EASTERN TIME, September 9th, 2005. No bids will be accepted after this date. If you are not bidding on this aircraft please mark "no bid" and return to stay on our bid list.

MY BID IS $_______________________________

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(Signature)

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Company

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Phone/Fax
*Faxed bids will be accepted only if they are legible and are received on time.

199 Water Street, New York, New York 10038/Tel. 212-952-0100/Fax 212-349-8226
MANAGERS: UNITED STATES AIRCRAFT INSURANCE GROUP

Bid Form A (Rev. 10/25/95) Web Version