EFTA02500599.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Tuesday, June 2, 2015 11:27 AM To: Larry Visoski Subject: Re: [External] Purchase Offer from Larry Flint for GV serial number 525 did flynt lender give approval? this is two we=ks old =n Mon, Jun 1, 2015 at 8:22 PM, Larry Visoski wr=te: Jeffrey =div>Gary ask that this email chain below remain private„ Sen= from my iPhone Begin forwarded message: From: Sherry Cannon Date: June 1, 2015 at 8:19:53 PM EDT To: L=jet Visoski Cc: Gary Anzalone Richard Laggan < Sub=ect: Fwd: [External] Purchase Offer from Larry Flint for GV serial =umber 525 Dear Larry: <=r> Further to your discussions with Gary, please find below =he Confidential email correspondence between EQUUS and ESSAR together with=the 1O1 from Larry Flynt. We trust that you will keep this within your com=any and look forward to hearing back from you. With Best Regards, <=iv>Sherry Cannon, Managing Partner Equus Global Aviation, LLC www.equusglobalaviation.com <http://www.equusglobalaviation.com> EFTA_R1_01627655 EFTA02500599  Forwarded message F=om: Sundaram,Suresh.-ESL-MUM «mailto Date: Mon, May 18, 2015 at 6:4= AM Subject: (External) Purchase Offer from Larry Flint for GV serial n=mber 525 To: "Sherry Cannon Cc: "Madaan, Gaurav - Futura - MU= Dear Sherry We are in receipt of the offer received by you from M=chael J Sala on behalf of Larry Flint. This was received on Friday evening=after working hours. We are therefore seeking an extension to reply. Also we need sometime to c=nsider Mike's offer. I have gone through the offer and suggest the followi=g amendments :- 1.40=A0 The offer should be in the name of Essar Shi=ping Ltd (ESL) , Essar House, 11 KK Marg, Mahalaxmi, Mumbai — 400 =34. They are the present owners of this aircraft. 24=A0 Refer para 2 --- the aircraft is current on =ts respective maintenance schedules, with all mandatory SB's and =D's accomplished as on date; shall be delivered on 'as —is — where-is bas=s". 3.4>=A0 Visual and Technical acceptance -- 4,=A0please specify where required. 4.40=A0 Refer para 2 -- As regards Export C of=A from India please be advised that : a) =C240 The Indian DGCA issues Export C of A for one destination flight only , in this case aircraft will be position=d at Inspection facility and upon acceptance may have to fly to another de=tination. b) =C24> This aircraft was earlier registered in US (=40SR) and can be easily registered in the US. <1=> 2 EFTA_R1_01627656 EFTA02500600 5.0=A0 Para 5 —This offer will be accepted=once the Buyer has requisite funding in place. 6.0=A0 Refer para 7 --- The aircraft may be rejecte= only if :- 0=A0 Damage history or Material Corrosion is found by the =nspection Facility and/or, 0=AO (=i) 0=AO Discrepancies beyond repair, as determined by the Ins=ection Facility, which make the Aircraft unable to be delivered in the Delivery Condition a=d/or, <=pan style="font-family:"Arial",sans-serif;color:#7030a0" lang=3D"EN-GB">Discrepancies are identified by the Inspection Facility and the =eller is unable to correct the same in accordance with the terms of this Agreement.=u> This is similar to the LOI with Corsons Trade Ltd. 7.0=A0 Refer para 8 — Closing shall occur w=thin 7 days of technical acceptance of the aircraft after PPI.</=> 8.0=A0 Refer para 11— the closing date can=be confirmed once para 5 (financing) is in place.=/p> 9..=A0 The aircraft is presently in EBACE and we wi=I respond no later than Friday May 22nd. We trust you will find the above amendments are=in order & look forward to receiving the revised LOI asap.</=> Regards 3 EFTA_R1_01627657 EFTA02500601 Suresh From: Sherry C=nnon Date: 16 May 2015 02:03:03 1ST To: "Sundaram,Suresh. Subject: Purchase Offer from Larry Flint for GV serial number 525=/b> Dear Suresh: Further to our discussions, please find attached the Off=r that we have been waiting for from Larry Flint's representative Mich=el Sala. As mentioned, they have been waiting on their Lender and=expect to have final approval this coming Wednesday as noted in the text o= the Fax message and hence the finance contingency. Please also note that the Offer is based on the valuation that their Lende= has placed on the aircraft and is for $11,500,000.00 USD.</=pan> We will look forward to hearing back from you once you h=ve had an opportunity to discuss internally. Thanking you in advance for your kind consideration.<=u> With Best Regards, Sherry Cannon, Managing Partner Equus Global Aviation, LLC 4 EFTA_R1_01627658 EFTA02500602  www.equusglobalaviation.com <http://www.equusglobalaviation.com> Gaurav Madaan I Senior Manager - Aviation I Futura Travels Limited -400034 I Maharashtra I India www.essar.com <http://www.essar.com> I =u> <=iv> =td style="padding:Ocm 0cm Ocm Ocm;height:35.25pt"> chttps://=ww.facebook.com/essargroup?ref=hl> <https://twitter.com/Essar> chttps://twitter.com/Essar> <https://www.youtube.com/EssarHome> <http://instagram.com/essarofficial> <=div> chttp://instagram.com/essaroffici=l> <1=> Thanks & Regards, Suresh<=font> 5 EFTA_R1_01627659 EFTA02500603  <https://www.facebook.com/essargroup?ref=hl> 4=lockquote> <=> <http://instagram.com/essarofficial> P=font face="Arial" color="green" size="3"> Please don't print =his e-mail unless you really need to. Disclaimer: This email is subject to a disclaimer, plea=e click on the following link or cut and paste the link into the address b=r of your browser. < http://www.essar.com/email_disclaimer.html > =/a> <http://www.essar.com/email_disclaimer.htm=> =br> =blockquote type="cite"> please note<=-> The information contained in this communication is confidential,=may be attorney-client privileged, may constitute inside information, a=d is intended only for the use of the addressee. It is the property of<=r>JEE Unauthorized use, disclosure or copying of this communication =r any part thereof is strictly prohibited 6 EFTA_R1_01627660 EFTA02500604 and may be unlawful. If you h=ve received this communication in error, please notify us immediately b= return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com>, and destroy this communica=ion and all copies thereof, including all attachments. copyright -all r=ghts reserved 7 EFTA_R1_01627661 EFTA02500605