To: jeevacation@gmail.com[jeevacation@gmail.com]
From: Jennie Saunders
Sent: Wed 3/17/2010 12:46:33 PM

Jeffrey:

From my discussions with Dean, I understand the Greenjets situation to be as follows:

I- Greenjets has around 18 shareholders, none of which is involved in the business, except for Joe Vittoria (Former President and CEO of Avis) who is chairman.

2- Dean Rotehin CEO and Joe Grimes COO, both founders, own and control around 60% of the common shares. There is no other class of shares outstanding.

3- The shareholders were either "friends and family", "friends of friends", or Biz Jet Holdings, which is a group of three. This group was diluted in 2009 because they could not finish a round of financing they committed to, and Dean settled with them prior to flays Jet Holdings lending Greenjets $500,000.

4- Hays Jet Holdings recently increased the Loan amount to 5600,000 in good faith, as the business was progressing.

All of the transactions are well documented: there are Loan Docs which u can see.

Hays Jet is a friendly lender, as Hays the principal has a very good relationship with Dean and Joe. Hays is looking for an equity position and we can negotiate that and you can also chat with him as part ofur due diligence. He uses the service all the time- just fyi

CORE: <u>Jennie</u> Saunders | Founder & Chainnan I 66 East 55th Street New York NY 100221

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