<table><tr><th>From:</th><th>Barry J. Cohen</th></tr><tr><td>Sent:</td><td>Monday, June 19, 2017 10:33 PM</td></tr><tr><td>To:</td><td>Leon Black</td></tr><tr><td>Cc:</td><td>jeffrey E.; John Castrucci</td></tr><tr><td>Subject:</td><td>Plane: Divider, Internet, Avionics</td></tr></table>

Divider. It costs about $400K, and the =wner has already put down a substantial deposit and scheduled the work.

Internet. The plane has standard high s=eed Internet. The owner offered to install super high speed Ka-band,=but it costs $800K to install and can cost tens of thousands of dollars pe= month to operate. To show our serious intent, and to move things along, we told them not to bother. We'd rat=er reduce the purchase price and then install it later if we want it. = Very easy to reverse that decision, though.

Avionics. The plane's avionics ar= state of the art, except it doesn't have ADS-B avionics. This=technology came out 9 months ago. We would have to install it by 202=.

Barry J. Cohen =|

Elysium Management,=LLC |