<table><tr><th>From:</th><th>Alireza Ittihadieh &lt;</th><th>&gt; </th></tr><tr><td>Sent:</td><td>Sunday, September 7, 2014 4:03 PM</td><td></td></tr><tr><td>To:</td><td>Jeffrey E.</td><td></td></tr><tr><td>Subject:</td><td>Re:</td><td></td></tr></table>

We have an offer for a lot higher. Remember the Engines have 3700 hrs =nd that is with a lot

Alireza I.

On 7 Sep 2014, at 11:44, "Jeffrey E." <jeevacation@gmail.com <mailto:jeeva=ation@gmail.com> wrote:

parting it out would never bring close to even 25

On Sun, Sep 7, 2014 at 8:13 AM, Alireza Ittihadi=h <
<mailto > wrote:

The client has advised he wants $29.0M for a straightforward transaction ot=erwise he has suggested breaking the aircraft for parts. His reasons are a=34k hour 44 seater BBJ was just sold for $24.5M and he feels that a 3700 h=ur aircraft has a fair market value of $29.0M delivered with a fresh Cl.

I can't disagree!

V-BR
Alireza ITTIHADIEH
President & Chief Executive

From: Jeffrey E.

Sent: Saturday, 6 September 2014 22:42

To: Alireza Ittihadieh

Subject:

your alterntive is to take the 25 now and whatever the 727=sells for , is yours. as you know it is a pig„ and very few =ith the stomach for the project

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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 <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved