EFTA00988965.pdf

From: Richard Joslin <1 To: jeffrey E. <jeevacation@gmail.com>, lawrence delson Subject: Avionetta Date: Mon, 12 May 2014 20:32:29 +0000 Attachments: N624N_STRUCTURE_CHART 104785669(3).DOCX No change in structure — more verbiage on page 2 From: Mandel, Michael [mailto: Sent: Monday, May 12, 2014 4:20 PM To: Richard Joslin Cc: accounting; Daigle, Brian Subject: RE: N624N - On JAFS Certificate Happy to do so. Just let us know what time is good for you and the others from the family office. Coincidentally, earlier today John Hannan requested an update to an ownership chart (with notes) that we prepared for Jeffrey Epstein in May of last year. We are attaching it for your information and review. Let us know when you'd like to talk. Michael Michael S. Mandel From: Richard Joslin [mafito: Sent: Monday, May 12, 2014 4:09 PM To: Mandel, Michael Cc: accounting Subject: RE: N624N - On JAFS Certificate Michael: I think you were working with Jet Aviation in August on a new Dry Lease Agreement and a Charter Service Agreement with the prospect that Avionetta would be granted 135 certification. Would you be able to update me on what documents will be be changing, particulalry those that were negotiated in Aug 2013. Also, would you have time later this week to walk me (and others from Leon Black Family office) though a bit of the history on Avionetta and to explain the structure chart, eg the N624N Trust, plane title, etc. We spoke to John Hannan last week and thought it might be good that we get information directly from you. Also, can you provide operating agreements for Avionetta Holdings LLC, Rance Acquisitions LLC and trust indenture for the N62N trust. I paste from a structure chart sent to me today from Lisa Graziano. EFTA00988965 Thanks Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS") executed in August 20111isted Avioneta Holdings as the Part 91 operator of the Aircraft, which was contrail? the Part 91 regulations (which prohibits an entityfirm operating an aircraft for the benefit of others except under Part 135) Transaction Documents- August 31, 2013 Aircraft Operating Agreement between Rance and Leon D. Black ("LDB "), granting LDB a non exclusive lease of the aircraft for Part 91 operations. Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDBfor Avioneta Holdings as operatorfor Part 91 operations. Non-Exclusive Aircraft Dry Lease Agreement between Rance and JAFS, establishing JAFS as the "Air Carrier" for Part 135 operations. From: Mandel, Michael imailto: Sent: Tuesday, March 11, 201411:07 AM To: 'John Hannan'; Richard Joslin; 'Thomas Turrin Cc: Fenn, Patrick; Zivot, Louis; Lisa Graziano ( Subject: N624N - On JAFS Certificate FYI. A mere eight months after we began the process. Michael S. Mandel Internal: 24196 From: fmallto Sent: Tuesday, March 11 2014 10:53 AM To: Mandel, Michael; Cc: Subject: N624N - On JAFS Certificate EFTA00988966 We are pleased to advised N624N has been placed on our 135 Certificate, Monday, March 10th. The crew is scheduled to complete their 135 training by the end of March. Thank you for your patience and understanding Best regards, Mary Jet Aviation Flight Services, Inc. Mary Demarest Account VP 112 Charles A. Lindbergh Dr. Teterboro, New Jersey 07608 / United States Tel. mailto: IRS Circular 230 Notice Requirement: This communication is not given in the form of a covered opinion, within the meaning of Circular 230 issued by the United States Secretary of the Treasury. Thus, we are required to inform you that you cannot rely upon any tax advice contained in this communication for the purpose of avoiding United States federal tax penalties. In addition, any tax advice contained in this communication may not be used to promote, market or recommend a transaction to another party. The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. IRS Circular 230 Notice Requirement: This communication is not given in the form of a covered opinion, within the meaning of Circular 230 issued by the United States Secretary of the Treasury. Thus, we are required to inform you that you cannot rely upon any tax advice contained in this communication for the purpose of avoiding United States federal tax penalties. In addition, any tax advice contained in this communication may not be used to promote, market or recommend a transaction to another party. The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. EFTA00988967