EFTA00634781.pdf

From: Larry Visoski To: "jeffrcy E." <jecvacationagmail.com> Subject: Re: (External) Purchase Offer from Larry Flint for GV serial number 525 Date: Tue, 02 Jun 2015 14:08:26 4.0000 Gary informs: No approval yet...he is over narrowing the debt for his GIV inequity Sent from my iPhonc On Jun 2, 2015, at 7:26AM, jeffrey E. <jcagrangn@gmagnm> wrote: did tlynt lender give approval? this is two weeks old On Mon, Jun 1,2015 at 8:22 PM, Larry Visoski <IIMI > wrote: Jeffrey Gary ask that this email chain below remain private,. Sent from my iPhone Begin forwarded message: From: Sherry Cannon Date: June 1, 2015 at 8:19:53 PM EDT To: Lvjet Visoski Cc: Gary Anzalone N. Richard Laggan Subject: Fwd: (External) Purchase Offer from I.arr) Flint for CV serial number 525 Dear Larry: Further to your discussions with Gary, please find below the Confidential email correspondence between EQUUS and ESSAR together with the LOI from Larry Flynt. We trust that you will keep this within your company and look forward to hearing back from you. With Best Regards. Sherry Cannon E uus Global Aviation, LLC (M) (O) From: Suadaram,Suresh.-ESL-51UM Date: Mon, May I8.2015 at 6:47 AM Subject: (External) Purchase Offer from Flint for GV serial number 525 To: "Sherry Cannon ( Cc: "Madam). Gaurav - Future - MUM" Dear Sherry We are in receipt of the offer received by you from Michael J Sala on behalf of Larry Flint. This was received on Friday evening after working hours. We aro therefore seeking an extension to reply. Also we need sometime to consider Mike's offer. I have gone through the offer and suggest the following amendments :- 1. The offer should be in the name of Essar Shipping Ltd (ESL) . Essar House. 11 KK Marg. Mahalaxmi. Mumbai - 400 034. They aro the present owners of this aircraft. EFTA00634781 2. Refer para 2 --- the aircraft is current on its respective maintenance schedules , with all mandatory SB's and AD's accomplished as on date; shall be delivered on 'as -Is - where-is basis". 3. Visual and Technical acceptance -- please specify where required. 4. Refer para 2 As regards Export C of A from India please be advised that : a) The Indian DGCA issues Export C of A for one destination flight only , in this case aircraft will be positioned at Inspection facility and upon acceptance may have to fly to another destination. b) This aircraft was earlier registered in US (N40SR) and can be easily registered in the US. c) In the event Export C of A is issued and sale does not go through, it will be difficult for us, well nigh impossible, to get the Export C of A cancelled and register the aircraft back on Indian registry. This may also involve payment of Import duty ,etc. 5. Para 5 - This offer will be accepted once the Buyer has requisite funding in place. 6. Refer para 7 --- The aircraft may be rejected only if :- (I) Damage history or Material Corrosion is found by the Inspection Facility and/or, (II) Discrepancies beyond repair, as determined by the Inspection Facility, which make the Aircraft unable to be delivered in the Delivery Condition and/or, Discrepancies are identified by the Inspection Facility and the Seller is unable to correct the same in accordance with the terms of this Agreement. This is similar to the LOI with Corsons Trade Ltd. 7. Refer para 8 - Closing shall occur within 7 days of technical acceptance of the aircraft after PPI. 8. Refer para 11 - the closing date can be confirmed once para 5 (financing) is in place. 9. The aircraft is presently in EBACE and we will respond no later than Friday May 22nd. We trust you will find the above amendments are in order 8 look forward to receiving the revised LOI asap. Regards Suresh EFTA00634782  From: Sherry Cannon Date: 16 May 2015 02:03:03 1ST To: "Sundaram,Surcsh.-ESL-MUM- Cc: "Nladaan, Gaurav - Future - MUM" „ Richard Laggan < >, Gary Anzalonc < Subject: Purchase Offer from Larry Flint for CV serial number 525 Dear Suresh: Further to our discussions, please find attached the Offer that we have been waiting for from Larry Flint's representative Michael Sala. As mentioned, they have been waiting on their Lender and expect to have final approval this coming Wednesday as noted in the text of the Fax message and hence the finance contingency. Please also note that the Offer is based on the valuation that their Lender has placed on the aircraft and is for $11,500,000.00 USD. We will look forward to hearing back from you once you have had an opportunity to discuss internally. Thanking you in advance for your kind consideration. 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I g>0404=4•91.=410=o=7 .430-00.=i'eh • I c=o 0=4_4+= e=iew=vtemainc=0. r=444 44=24•,X4•4=-2.b4'4=4 6=400w 49,6,6-pA=p4o=p4e=kie=i ik›FOOA-40, 4040-410n =.2-=0=40Cig>V00lMin> teb rh >4,00-AT>Si >4104X>404140=4).=kti >iiter>Ter>44 (>4). se. 5--iT>4). - >F4e I >4410=too=6.0>VnW >4101=,tr.= I a%-ielfe">...>41.->4612404}400->I1404=K404>oF I >4.0=Up40=6-0>a=0=n&j>tv=> 4>SX4=gl4>4'4=kO4=3D"eites> please note The information contained in this rommilineation is canErlentiaLmay_be attomeys.lient rell4illIte inside infumunga, and is intended cagy for the use of the addressee. It is the uLoperty of IRE Unauthorized use disclosure or copykig of this communication or any_oan thereof is striethr prohibited and may be unlawful. If you have received this communication in ecru picodeadifydahumcdiatc1Y-b)C return e-mail or by to brattearbmg=sun, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00634784