0001104659-07-084751 Sample Contracts

MASTER AGREEMENT
Master Agreement • November 21st, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS MASTER AGREEMENT (the “Agreement”) is made and entered into effective as of November 16, 2007, by and among Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”), Head Lites Corporation, a Minnesota corporation (“HLC”), Advanced Tactical Fabrication, Inc., a Minnesota corporation (the “Company”), and Gary Lesley, Chief Executive Officer, a director and 89% shareholder of the outstanding securities of HLC (“Lesley”).

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ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • November 21st, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This Asset Purchase Agreement is effective as of November 16, 2007 (the “Effective Date”), by and among Advanced Tactical Fabrication, Inc. (the “Buyer”), Head Lites Corporation (the “Seller”), Gary Lesley (“Lesley”), and Arthur Petrie (“Petrie”).

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