EFTA02378556.pdf

From: Barry J. Cohen <-> Sent: Wednesday, August 2, 2017 10:44 PM To: Jeffrey E. Subject: Plane Purchase Agreement We are negotiating a purchase agreement for the Oxy =lane. Still $47MM. Two sticking points relate to something you=referenced previously. 1. Seller wants to be able to walk if the inspection requires repairs th=t take longer than 2 months OR cost more than $3MM. We suggested tha= they shouldn't be rewarded with walk rights if there are delays and that if the repairs are required, they're go=ng to make them anyway, so why should they walk? 2. We =aid that we would pay $1MM of liquidated damages if we default and that Se=ler should pay $1MM if they default. Seller said they want us to pay= but not them. Do you think we should insist on our position?<=o:p> Barry J. Cohen = I Elysium Management,=l1C Tel. Cell <=o:p> &n=sp; 1 EFTA_R1_01390670 EFTA02378556