<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, June 2, 2015 11:27 AM</td></tr><tr><td>To:</td><td>Larry Visoski</td></tr><tr><td>Subject:</td><td>Re: [External] Purchase Offer from Larry Flint for GV serial number 525</td></tr></table>

did flynt lender give approval? this is two we=ks old

=n Mon, Jun 1, 2015 at 8:22 PM, Larry Visoski wr=te:

## Jeffrey

=div>Gary ask that this email chain below remain private„

Sen= from my iPhone

Begin forwarded message:

From: Sherry Cannon

Date: June 1, 2015 at 8:19:53 PM EDT

To: L=jet Visoski

Cc: Gary Anzalone Richard Laggan <

Sub=ect: Fwd: [External] Purchase Offer from Larry Flint for GV serial =umber 525

Dear Larry:

## <=>

Further to your discussions with Gary, please find below =he Confidential email correspondence between EQUUS and ESSAR together with=the 1O1 from Larry Flynt. We trust that you will keep this within your com=any and look forward to hearing back from you.

With Best Regards,

<=iv>Sherry Cannon, Managing Partner

Equus Global Aviation, LLC

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

## <=> (cont.)

Forwarded message
F=om: Sundaram,Suresh.-ESL-MUM «mailto
Date: Mon, May 18, 2015 at 6:4= AM
Subject: (External) Purchase Offer from Larry Flint for GV serial n=mber 525
<u>To: "Sherry Cannon</u>

Cc: "Madaan, Gaurav - Futura - MU=

Dear Sherry

We are in receipt of the offer received by you from M=chael J Sala on behalf of Larry Flint. This was received on Friday evening=after working hours. We are therefore seeking an extension to reply. Also we need sometime to c=nsider Mike's offer.

I have gone through the offer and suggest the followi=g amendments :-

1.=A0 The offer should be in the name of Essar Shi=ping Ltd (ESL) , Essar House, 11 KK Marg, Mahalaxmi, Mumbai –
400 =34. They are the present owners of this aircraft.

2.=A0 Refer para 2 --- the aircraft is current on =ts respective maintenance schedules , with all mandatory SB’s and
=D’s accomplished as on date; shall be delivered on ‘as –is – where-is bas=s”.

3.=A0 Visual and Technical acceptance -- =A0please specify where required.

4.=A0 Refer para 2 -- As regards Export C of=A from India please be advised that :

a) =C2 The Indian DGCA issues Export C of A for one destination flight only , in this case aircraft will be position=d at
Inspection facility and upon acceptance may have to fly to another de=tination.

b) =C2 This aircraft was earlier registered in US (=40SR) and can be easily registered in the US. </=>

## <=> (cont.)

5.[ ] Para 5 – This offer will be accepted=once the Buyer has requisite funding in place.

6.[ ] Refer para 7 --- The aircraft may be rejecte= only if :-

[ ] Damage history or Material Corrosion is found by the =nspection Facility and/or,

[ ]

(=i) 0=AO Discrepancies beyond repair, as determined by the Ins=ection Facility, which make the Aircraft unable to be delivered in the Delivery Condition a=d/or,

<=pan style="font-family:"Arial",sans-serif;color:#7030a0" lang=3D"EN-GB">Discrepancies are identified by the Inspection Facility and the =eller is unable to correct the same in accordance with the terms of this Agreement.=u>

This is similar to the LOI with Corsons Trade Ltd.

7.=A0 Refer para 8 – Closing shall occur w=thin 7 days of technical acceptance of the aircraft after PPI.</=>

8.=A0 Refer para 11 – the closing date can=be confirmed once para 5 (financing) is in place.=/p>

9.=A0 The aircraft is presently in EBACE and we wi=l respond no later than Friday May 22nd.

We trust  you will find the above amendments are=in order & look forward to receiving the revised LOI asap.</=>

Regards

## <=> (cont.)

Suresh

From: Sherry C=nnon
Date: 16 May 2015 02:03:03 1ST
To: "Sundaram,Suresh.

Subject: Purchase Offer from Larry Flint for GV serial number 525=/b>

Dear Suresh:

Further to our discussions, please find attached the Off=r that we have been waiting for from Larry Flint's representative Mich=el Sala.

As mentioned, they have been waiting on their Lender and=expect to have final approval this coming Wednesday as noted in the text o= the Fax message and hence the finance contingency. Please also note that the Offer is based on the valuation that their Lende= has placed on the aircraft and is for $11,500,000.00 USD.</=pan>

We will look forward to hearing back from you once you h=ve had an opportunity to discuss internally.

Thanking you in advance for your kind consideration.<=u>

With Best Regards,

Sherry Cannon, Managing Partner

Equus Global Aviation, LLC

4

## <=> (cont.)

# www.equusglobalaviation.com <http://www.equusglobalaviation.com>

Gaurav Madaan | Senior Manager - Aviation | Futura Travels Limited |
-400034 | Maharashtra | India |

www.essar.com <http://www.essar.com> | =u>

<=iv>
=td style="padding:Ocm 0cm Ocm Ocm;height:35.25pt">

<https://www.facebook.com/essargroup?ref=hl> <https://twitter.com/Essar>

<https://twitter.com/Essar>

<https://www.youtube.com/EssarHome> <http://instagram.com/essarofficial>

<=div>

chttp://instagram.com/essaroffici=l> <1=>

Thanks & Regards,

Suresh<=font>

# www.equusglobalaviation.com <http://www.equusglobalaviation.com> (cont.)

<https://www.facebook.com/essargroup?ref=hl>

</=lockquote>

<=> <http://instagram.com/essarofficial>

P=font face="Arial" color="green" size="3"> Please don't print =his e-mail unless you really need to.

Disclaimer:

This email is subject to a disclaimer, plea=e click on the following link or cut and paste the link into the address b=r of your browser.

<http://www.essar.com/email_disclaimer.html > =/a> <http://www.essar.com/email_disclaimer.htm=>:

=br>
=blockquote type="cite">

please note<=r>

The information contained in this communication is confidential,=may be attorney-client privileged, may constitute inside information, a=d is intended only for the use of the addressee. It is the property of<=r>JEE Unauthorized use, disclosure or copying of this communication =r any part thereof is strictly prohibited

6

# www.equusglobalaviation.com <http://www.equusglobalaviation.com> (cont.)

and may be unlawful. If you h=ve received this communication in error, please notify us immediately b= return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com>, and destroy this communica=ion and all copies thereof, including all attachments. copyright -all r=ghts reserved