EFTA02033814

To: [email protected][jeeyacation@gmadcom]; Jeffrey Epsteinueeyacation@gmaiLcom]; Larry Visoski From: Don Bass Sent: Sat 12/24/2011 2:34:58 AM Subject: Fwd: Boeing 727 Attached is response to our revised offer that was sent today Jeffrey, how would you like to proceed ? We may have hit bottom with guys at 4.2/3.7. Sent from my iPhonc Begin forwarded message: From: Mohamed Dobashi Date: December 23 2011 1:15:23 PM EST To: Don Bass , Tarek Elsayed Subject: Re: Boeing 727 Dear Don, We are final with our offer of S4.2 Million. If there is an interest in moving forward at the price we can consider it. Best regards, Mohamed Dobashi From: Don Bass Date: Fri, 23 Dec 2011 20:50:22 +0300 To: Tarek Elsayed Cc: Mohamed Dobash Subject: Boeing 727 Dear Tarek, As you may know, I received an email from Mohammed on Wednesday regarding the Boeing. The C check inspection is currently underway and we are anticipating completion of the inspection and the return to service of the aircraft on approximately February 1St. A contemporaneous pre-purchase inspection can still be accomplished from a timing standpoint. EFTA_R1_00545203 EFTA02033814 In the interest of reducing the total cost associated with your acquisition and refurbishment of the aircraft, I believe that you will be able to reduce the total cost of the improvements referenced previously on Exhibit A from 500K to 425K. Larry has pointed out that the installation of Satellite AFIS is redundant with the installation of High Speed Data in the aircraft. The same real time weather information will be available to the pilots via the broadband Internet and thus the 75K cost for Satellite AFIS is an unnecessary expense. If I can convince the seller to reduce the price by 75K as well — this would reduce the total, completed purchase price of the aircraft by 150K and still provide you with an aircraft that has all of the capabilities and modifications that you and the Sheikh require. I am concerned that if we are unable to reach an agreement in the near future, the ability to complete the pre-purchase inspection in conjunction with the C inspection would be lost, resulting in increased cost and time for both parties. I feel that this is a reasonable and fair approach to resolving the differences between the parties. Yours Sincerely, Don Bass Managing Partner AVPRO Inc 900 Bestgate Road, Suite 412 Annapolis, MD 21401 (410) 573-1515 2 (410) www.avprojets.com EFTA_R1_00545204 EFTA02033815