EFTA00867157.pdf

From: "jeffrey E." <[email protected]> To: Richard Joslin Subject: Re: FW: BBJ SN 30751 Offer Date: Wed, 07 Jan 2015 19:31:49 +0000 thank you for your professional response. As you are certainly aware, the 2 million spent on the interior means little as a private bbj will more often than not. and it this case definitely be tailored to our principals taste. we will re do the interior.. the data points as well as the shortage of real buyers given the risk of not meeting new standards on old chairs.etc plus service bulletins soon to take effect , again confirms that your selller is out of the ballpark. We continue to favor you plane as we are familir with its history. 500 hours more or less not relevant as you know. if you have any other suggestions of alternate planes please let me know. On Wed, Jan 7, 2015 at 3:19 PM, Richard Joslin < > wrote: Original Message From: Jon P. Conlon [mailto: 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 some time to reach back out to him. While we acknowledge that a recent sale occurred below $30MM (Steve Wynn's BBJ) our BBJ had less total time (about 500 hours) and a much newer and modern interior. In 2011 the seller invested well over $2MM into the interior with new soft goods and a brand new cabin entertainment system. Mr. Wynn's BBJ had an interior dating back to 2007 that looks heavily dated now. Also in Wynn's case, the quick sale at below $30M was in part tied to the deal on his replacement G650 which created a greater motivation to move the BBJ. Prior to the G650 deal Wynn turned down several similar offers last summer. We've given the seller our own internal data points for two recent sales (Wynn's BBJ) as well as our own recent sale of Occidental Petroleum's BBJ which we sold in May at just above $30M. That aircraft had slightly less time than 30751 but also had a very dated (original interior). While there is certainly justification that 30751 should trade lower than their current counter of $33M I think the interior work performed and the superior quality of interior need to be taken into account. We are in active discussions with the seller at present over recent data points 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 EFTA00867157  Original Message----- From: Richard Joslin [mailto 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 time nor engage in a protracted negotiation that ends up going nowhere. If your 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 engage. RJ Richard Joslin CFO Elysium Management LLC Original Message----- From: Jon P. Conlon [mailto: 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 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 drafting a purchase agreement. We look forward to your feedback. EFTA00867158  Kind Regards, Jon P. Conlon Senior Market Analyst [Avjet] Dulles International Airport 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00867159