From: Richard Joslin ████████████████
Sent: Wednesday, January 7, 2015 7:20 PM
To: jeffrey E.
Subject: FW: BBJ SN 30751 Offer

-----Original Message-----
From: Jon P. Conlon
Sent: Wednesday, January 07, 2015 2:17 PM
To: Richard Joslin
Subject: RE: BBJ SN 30751 Offer

Richard,

Thanks for your patience. The seller was away on travels and it took us som= time to reach back out to him. While we acknowledge that a recent sale oc=urred below $30MM (Steve Wynn's BBJ) our BBJ had less total time (about 50= hours) and a much newer and modern interior. In 2011 the seller invested =ell over $2MM into the interior with new soft goods and a brand new cabin =ntertainment system. Mr. Wynn's BBJ had an interior dating back to 2007 th=t looks heavily dated now. Also in Wynn's case, the quick sale at below $3=M was in part tied to the deal on his replacement G650 which created a gre=ter motivation to move the BBJ. Prior to the G650 deal Wynn turned down se=eral similar offers last summer.

We've given the seller our own internal data points for two recent sales (W=nn's BBJ) as well as our own recent sale of Occidental Petroleum's BBJ whi=h we sold in May at just above $30M. That aircraft had slightly less time =han 30751 but also had a very dated (original interior).

While there is certainly justification that 30751 should trade lower than t=eir current counter of $33M I think the interior work performed and the su=erior quality of interior need to be taken into account.

We are in active discussions with the seller at present over recent data po=nts and if there is any change on their end I will notify you.

As stated previously we appreciate your offer and patience.

Kind Regards,

Jon P. Conlon
Senior Market Analyst

Dulles International Airport
23411 Autopilot Drive
Dulles Virginia 20166

-----Original Message-----
From: Richard Joslin
Sent: Tuesday, December 30, 2014 12:03 PM
To: Jon P. Conlon; Bryan Dunnigan
Subject: RE: BBJ SN 30751 Offer

Jon/ Bryan:

In a previous communication, I indicated that he market was under $30MM and=cited recent activity in support. I do not wish to waste each other's tim= nor engage in a protracted negotiation that ends up going nowhere. If you= client is not a real seller, that is fine. If that is incorrect, I would=suggest a more serious counter offer. Otherwise, we will discontinue to =ngage.

RJ

Richard Joslin
CFO
Elysium Management LLC
445 Park Ave
Ste. 1401
New York, NY 10022

-----Original Message-----
From: Jon P. Conlon
Sent: Monday, December 29, 2014 11:24 AM
To: Richard Joslin
Cc: Bryan Dunnigan
Subject: BBJ SN 30751 Offer

Mr. Joslin,

On behalf of our seller, we thank you for submitting an offer on our BBJ SN=30751. The seller has reviewed your offer and has authorized us to present=a counter offer at $33,000,000.

If this counter offer is acceptable we can engage our attorney's and begin =rafting a purchase agreement.

We look forward to your feedback.

Kind Regards,

Jon P. Conlon
Senior Market Analyst

[Avjet]

Dulles International Airport

23800 Wind Sock Drive, Suite 250
Dulles, VA 20166

www.avjet.com<http://www.avjet.com/>

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