EFTA00429782.pdf

From: Darren Indyke To: Lesley Groff Subject: Fwd: Release of $25,000 Date: Mon, 08 Aug 2011 17:33:02 +0000 Attachments: 0206-SP-2011_Aetna_MO4_PT_blade_usage_extension.pdf; 2011_08_03_Letter DOC.pdf Darren K. Indyke Darren K. Indyke, PLLC 301 East 66th Street, 10B New York, New York 10065 Telephone Dire Fax email: *********************************** ******** *********************** ***************** *********** The information contained in this communication is confidential, may be attorney-client privileged, and is intended only for the use of the addressee. It is the property of Darren K. Indyke, PLLC. 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, and destroy this communication and all copies thereof, including all attachments. Copyright of Darren K. Indyke, PLLC - © 2011 Darren K. Indyke, PLLC —All rights reserved. ********************************************* ******* ************** ************************* **it* Begin forwarded message: From: Mike Dwyer < Date: August 3, 2011 3:56:54 PM EDT To: " "< Cc: George Reenstra < "Joe Black >. "John Keating , Jap Blankenshi >, Mike Mikolay Ted Osgood , Stan Smith < >. Mike Dwyer Subject: Release of $25,000 Dear Darren It has come to our attention that the new owner does not wish to release the $25,000 still held in escrow from the sale of S76 472 until Turbomeca provides you with documentation to your satisfaction. This was not the deal that Aetna and Freedom Air agreed on. The Letter Agreement between Freedom Air International, ASI Wings LLC and Insured Aircraft Title Service states: With respect to the above, the parties understand and agree that the $25,000.00 Retained Funds wilt be retained by the Escrow Agent until the earliest of the following occurs, when the Escrow Agent shall take the action indicated: EFTA00429782 (1) If Turbomeca provides the letter to Seller, with a copy to Purchaser, stating that Turbomeca will extend the life of the pressure turbine blades in Module M04 of engine no. 1by 300 hours or more, in which event Escrow Agent shall immediately wire the $25,0O0.00 Retained Funds to Seller in accordance with the wire instructions previously provided by Seller to Escrow Agent. It is our understanding that the prerequisite for the return of the Retained Funds, per the Letter Agreement, has been met. Please instruct Insured Aircraft Title Service to release these funds. If you would like to discuss this please contact me directly at 203-623-0779. Regards, Mike Dwyer Michael Dwyer Guardian Jet, LLC 1445 Boston Post Road 6437 office cell EFTA00429783