From: jeffrey E. <jeevacation@gmail.com>
Sent: Thursday, November 6, 2014 11:39 PM
To: Alireza Ittihadieh
Subject: Re: BBJ

if you want to do 25m clean . ok. as i s=id i don't want to have two big planes and the gulfstream , but i will=do it. i have been consistant from day 1. i know you are tryin= hard and i appreciate, it there is no miracle buyer who=will appear. if there was they would have shown interest. =AO it is a big project . let me know

On Thu, Nov 6, 2014 at 6:00 PM, A=ireza Ittihadieh <████████████████████████████>
████████████████████████> =rote:

What do plan to rect=fy for $1.5M?

=/span>

=/span>

From: jeffrey =. [mailto:jeeva=ation@gmail.com <mailto:jeevacation@gmail.com>
Sent: Thursday, November 6, 2014 9:37 PM
To: Alireza Ittihadieh
Subject: Re: BBJ

So there should be mo problem with a higher rect num=er

On Thursday, November 6, 2014, Alireza Ittihadieh <\=> wrote:

There isn't any reason fo= anyone to walk as long as we are all clear on direction. <=u>

I am tasked with the sale and=have nothing to hide from any buyer.

V-BR

Alireza ITTIHADIEH =/u>

i dont want to go through the trouble and then you g=ys walk

On Thu, Nov 6, 2014 at 4:02 PM, Alireza Ittihadieh wrote:

My client is relaxed but elde=ly.

Why do you want $1.5M of rect=fication when you know the aircraft just came out of a Cl check. <=u>

I am don't think anyone B=J Will trade this low unless its a damaged aircraft like the one your frie=d bought.

This is what the seller lawye= provided as a something to discuss.

Let's look at it with an =pen mind!!

V-BR

## Alireza ITTIHADIEH =/u>

I previously turned t=is offer down. i do so again. . I will have =y guys attempt a re draft m but as you probably already know the other bbj=aircraft appears more appealing. Terms that i will agree=u>

25 million after visual. 2 million to yo= if we walk. . you need to make good on 1.5 million of rectifi=ation. before walking, and if you don't, you pay all our expens=s including inspection fees, travel , time, etc. . you will have a lien on the boeing only. for 2.5 . if you sell it for more you keep=it. I will keep trying to sell it as well. If it doesn't =ell by the time the bbj is in service after refit. . we part it out =nd you get the proceeds. I recognize your client is not a happy camper , but the market is what it is, a>

On Thu, Nov 6, 2014 at 3:33 PM, Alireza Ittihadieh rote:

With ap=logies for the delay, here is the revised draft LOI with the points we dis=ussed, ready for discussion.

=u>

=u>

=u>

<=>:

From: jeffrey =. [mailto:jeevacation@gmail.com]

## Alireza ITTIHADIEH =/u> (cont.)

put a term sheet together please . so there is=no misunderstanding. 25 now. anything i get for 727 is h=s. what upgrades are needed , new cpdp for translantic c=ossing etc.

On Wed, Nov 5, 2014 at 8:16 AM, Alireza Ittihadieh wrote: Dear Jeff,

I am in Switzerland with the owner of the BBJ and he=has Agreed to $25M now and Balance in a note upon the sale of 727.

Please advise if you are interested in proceeding.=C2

As ever.

V-BR
Alireza ITTIHADIEH
President & Chief Executive

please no=e

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, and destroy this communication and all copies thereof,

## Alireza ITTIHADIEH =/u> (cont.)

please no=e

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, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please no=e

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, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please no=e

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

4

## Alireza ITTIHADIEH =/u> (cont.)

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 =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved