<table><tr><th>From:</th><th>Barry J. Cohen</th></tr><tr><td>Sent:</td><td>Monday, August 7, 2017 7:51 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>RE: Engine Plans</td></tr></table>

I would have thought it's just a matter of cost, but if you're saying the discount on Pearlman planes is more than the RR program catch up payment, I guess I'm wrong.

From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, August 07, 2017 3:49 PM To: Barry J. Cohen < Subject: Re: Engine Plans

nonsense , look at ron perlmans planes. no buyers at realistic prices and the excuse is no program. on his planes , there are always alternative planes so you take one with the program

On Mon, Aug 7, 2017 at 3:45 PM, Barry J. Cohen < <mailto > wrote:

Banks don't require it. But they increase the amortization on the loan with no program. Our consultants say they agree with you on the RR program helping to boost the owner to the top of the list when it comes to service and repairs. However, they have not observed that prospective buyers have concerns about planes whose owners don't take the program. They say as long as the owner is US corporate or US very high net worth, they will ask questions about not being on the program, but provided the answers are appropriate, it doesn't impact value.

Nonetheless, I think we should take it, because especially as the plane ages, the odds are you recoup the expenditure on resale.

The gift tax case was a from a brief mention in a tax publication that someone was reading. We're trying to track it down.

From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmaitcom> ] Sent: Monday, August 07, 2017 3:39 PM To: Barry J. Cohen ◄ , , > > Subject: Re: FW: Honeywell APU Maintenance Plan (MSP)

i also thought . banks usually require engine insurance if they are going to finance in addtion have you found the case where the guy paid gift taxes but was charged with fraud . ?

On Mon, Aug 7, 2017 at 3:35 PM, Barry J. Cohen aa > wrote:

yup

From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com>]
Sent: Monday, August 07, 2017 3:34 PM
To: Barry J. Cohen <blackened out>
Subject: Re: FW: Honeywell APU Maintenance Plan (MSP)

exactly, take it

On Mon, Aug 7, 2017 at 3:29 PM, Barry J. Cohen

wrote:

FYI

From: Tom Mitchell [mailto:  <mailto:tmitchell@essexaviation.com>]
Sent: Monday, August 07, 2017 2:55 PM
To: Barry J. Cohen <BCohen@ >; John Castrucci < >
Cc: Lee Rohde < >; Laurie Nutter < >
Subject: Honeywell APU Maintenance Plan (MSP)

Hi Barry and John,

The Honeywell Auxiliary Power Unit (APU), which you probably know is a mini-turbine engine, has a similar maintenance program as Rolls Royce. The name of the program is "MSP" which stands for Maintenance Service Plan. MSP has mirrored most other programs including Rolls Royce. I have listed bullet items for you to consider and will of course be happy to answer additional questions you might have.

- The current Buy-In for this APU is $60,000 which includes a 20% discount being offered by

Honeywell.

• MSP essentially covers all the labor and parts costs required of an APU during a shop visit (shop visit = equals major disassembly) along with a rental APU.

	• The current (basic) MSP cost is $100.62/hour and subject to an annual CPI escalator.

• MSP Gold adds removal and installation labor coverage plus routine inspections for an additional $13.56/hour. (MSP Gold = $114.18/hour)

* MSP Gold plus logistical Support adds road trip logistical support coverage for an additional $6.19/hour. MSP Gold with Logistical support = $120.37/hour

General information:

<table><tr><th>•
use for every flight hour.</th><th>If APU utilization stayed consistent with the GV, it would generate approximately 1 hour</th></tr><tr><td>• </td><td>The APU is "on-condition" meaning its performance is monitored to require a shop visit.</td></tr><tr><td>normal wear and tear.</td><td>Historically, APUs do require shop visits between 2,500 hours and 4,000 hours due to</td></tr><tr><td>*</td><td>The cost of a normal shop visit would vary from $150, 000 - 5450,000.</td></tr><tr><td>•
(maximum but not common►. </td><td>Unscheduled APU failures can occur and repair costs tend to run $200,000 - $850,000</td></tr></table>

Regards,

Tom

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

## please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

## please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

4