EFTA02632253.pdf

From: Larry Visoski Sent: Monday, March 4, 2019 7:38 PM To: Je vacation Cc: Darren Indyke; Rich Kahn Subject: GIV buyer From=Gary, =span style="background-color: rgba(255, 255, 255, 0);"> <=iv class="gmail_default">Larry, After spe=king with Thomas here is what I have him agreeing to now; $3.4 Million price -200K credit for lease ho=rs = $3.2 Balance* N=te - The Bank will lend 2.0M, + he has 900K to put down which is from an eq=ity draw against his 3 Falcons. <=div> *300K as a 2nd mortgage held by JE that can be converted to a=ditional lease hours once the first 200K has been used up. Otherwise Thomas=needs to get the 300K from his top clients, and in order to do that, he nee=s the aircraft available to do a demo. Here is my suggestion; We do not want to DEMO a virgin P=l (Pre Purchase Inspection) aircraft without a solid deal, so we tell him s=gn up now (as above with the 300K 2nd mortgage) and then he can go do his d=mo show with his aircraft. If his investor then come on board within 60 day= (whatever JE agrees to, maybe 90 days) we extend Thomas a discount of perh=ps $100k for paying off the 2nd mortgage early. =/span> With respect to the other points; Section 2 DRY L=ASE - 14 days notice is more than sufficient. # of Hours is dictated by the=cost which would essentially be DOC + sufficient agreeable reserves. He men=ioned $1000 per landing to build up his reserve for the impending gear over=aul in about 600 landings. Section 5 AVIONICS/36 MONTH - He is ok to structure this post closing if w= can avoid sending any flags up with respect to the bank. Perhaps a side ag=eement confirming we will cover the cost. He confirms that you will have no=personal liability, he is just counting on your assistance with the transit=on because your so intimate with the condition of the aircraft. EFTA_R1_01853307 EFTA02632253 Let me know your thoughts. &n=sp; Sincerely, &=bsp; Gary Anzalone =Mho Sent from my iPad 2 EFTA_R1_01853308 EFTA02632254