EFTA00762754.pdf

From: "Jennie Saunders" To: "jeevacation®gmail.com" <jeevacation@ygmail.com> Subject: FW: Date: Wed, 17 Mar 2010 21:33:47 +0000 Attachments: 1-EarthJet_PPM_November_1_2005_FINAL.pdf; 2- BJSEATS PPM_March 2007 FINAL_A.pdf; 3-_BJET_HOLDINS_LLC_DEAL_2008- 52-08-1108-51_final_feb_lpd(4-BISI_offer_letter_April_9_ICRUPP.pdf; 5- GREENJETS_PPM_August_25_2008_FINAL-_800k_shares.pdf; 6- GreenjetLoanAgreement4thDraft_executed_.pdf; mime_part_7.pdf; 8- Cap_Table_&_Investment_Spend.xlsx Inline-Images: image001.gif Jennie der & Chairman 66 East 55th Street New York NY 10022 I Main Mobile: I www.coreaccess.net Upcoming Cultural Spotlight Monday, March 15th - two fantastic art events! 6:30pm: ART 21 conversation with artist Carrie Mae Weems & actor/comedian David Alan Grier Spaces are limited. Please call or reservations@coreaccess.net From: Dean Rotchin [mailto Sent: Wednesday, Mardi 17, 2010 4:30 PM To: Jennie Saunders Cc: 'Joe Grimes' Subject: FW: For 3 E Jennie: Please forward — thx Dean Jeffrey: Attached you will find: Earthjet (Doc 1) PPM used for initial capital EFTA00762754 BusinessJetSEATS (Doc 2,3,4) PPM for equity investments Bizjet Holdings LOC does Offer letter to BJSI shareholders Greenjets (Doc 5,6,7) PPM for initial equity Haysjet Loan Agreement Haysjet Loam Modification Agreement Cap Table (Doc 8) Background: Earthjet was founded in 2005 as an air taxi franchise business. Alfred Rapetti offered in 2007 to leverage Earthjet's technology and seat model etc, and raise $1M into a new company majority owned by Earthjet called BusinessJetSEATS (BJSI). Rapetti could not complete the financing, we took over the effort and completed a deal with BizJetHoldings to add $300,000. BizjetHoldngs stopped short of completely funding as one partner fell victim to the recession. Management supported the company 100%, and eventually settled with the BJSI lenders/shareholders and reorganized under Greenjets - brought new equity and the Haysjet's financing. To be clear, the Haysjet Loan is a line of credit which has a limit of $600k, and a current balance of $560k. If the outstanding balance reaches $600k, they can at their option convert to equity. We have no intention of borrowing additional funds under the LOC. We have executed copies of the attached documents at our office. Regards, Dean Dean Rotchin, President EFTA00762755 ¶reenjets 1675 Palm Beach Lakes Blvd. Suite 1 West Palm Beach, Florida 33401 www.flygreenjets.com Telephone Toll Free: Facsimile: "Private Jet Service at the Lowest Possible Cost to You and the Environment" EFTA00762756