High Performance School Europe

July 13, 2009; Cape Girardeau, MO. Commander Premier Aircraft Corporation (CPAC),
based at Cape Girardeau Regional Airport, announced today that its Board of Directors has
approved a letter of intent to sell CPAC to Aero-Base Inc. of Montreal, Canada. CPAC owns
the FAA Type Certificate and production assets for the Commander line of high performance,
single engine, aircraft. The Aero-Base agreement requires that Aero-Base simultaneously
arrange an acceptable agreement for CPAC’s airport production facility, which is leased from
the City of Cape Girardeau. However, Aero-Base said that it has had preliminary discussions
and believes that it will reach a mutually acceptable understanding with the City. Aero-Base
acknowledged that lawyers are working on a formal agreement.

The full press release can be read here
Commander News