From: jeffrey E. <jeevacation@gmail.com>
Sent: Thursday, November 6, 2014 10:11 PM
To: Alireza Ittihadieh
Subject: Re: BBJ

i hope nothing. it is only inspection items.=C2 if the c check was good there should be no money out of your pocket.=C2 however if prebuy says it is 1 million , i don't think it right =hat you can walk away.

On Thu, Nov 6, 2014 at 6:00 PM, Alireza Ittihadieh < 
<mailto:  > wrote:

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

<u>On Thursda , November 6, 2014,</u> Alireza Ittihadieh < </a> wrote: <mailto

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 &=t

My client is relaxed but elde=ly.

Why do you want $1.SM 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 are 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, <=>

On Thu, Nov 6, 2014 at 3:33 PM, Alireza Ittihadieh &=t > wrote:

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 =. lmailto:jeevacation@gmail.com] Sent: Wednesday, November 5, 2014 1:16 PM

## 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 &=t > 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
<u>President & Chief Executive</u>
> =/span>

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

## 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 and may be unlawful. If you have received this

4

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

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