EFTA02675949

From: Richard Kahn Sent: Thursday, November 6, 2014 7:40 PM To: jeffrey E. Subject: Fwd: pilots Attachments: profile_mask_2x.png; Untitled attachment 00845.htm; cleardot.git Untitled attachment 00848.htm; N624N P91 MGMT AGMT REX-c.pdf; Untitled attachment 00851.htm why =id leon sign without your review / comments? apollo =ot using leon plane seems strange - were other partners planes =sed? plane is clearly to expensive for jet aviation to =anage for 200 hours per year.. joslin clearly =as no handle on this yet he and larry delson met with experts back in =une 2014 per emails =elow: From: Richard =oslin <=iv style="margin: Opx;">Subject: RE: Aviation: use of =-V by PE partner, 135/ 91, 280F, 167, excise tax, charter v =eimbursement etc Date: June 4, 2014 at 3:36:41 PM EDT To: Richard Kahn Cc: Idelson <=r> I will send more detailed bullet list later today — = was hoping to send sooner but I have been sidetracked on decanting and =ppraisal work As there will be 3 =artners I did not ask them to review all the Avionetta documents and I =et up the meeting with short notice as an introduction and an overview =f the FAA/tax issues Use of G-V by PE partner - trade or =usiness status by partner: structuring ownership o/s of =anagement company (FY 2012 and 2013) 135/ 91 - understand how flying under =ach is to be undertaken if there is reimbursement vs charter (airport =s 135 vs airport 91) 280F/ 167 - plane depreciation — can =hese rules be avoided if plane is leased to charter operator who =harters back to owner. • Excise tax — observed in breach or =aid. 91 vs 135 • Charter under 135 vs reimbursement under 91 vs =eimbursement under 135. Understand the differences if the plane is not =hartered out Cost > than reimbursement/ =harter EFTA_R1_01966182 EFTA02675949 From. Richard Kahn Sent: Wednesday, June 04, 2014 3:20 =M To: Richard =oslin Cc: Idelson Subject: Re: Aviation: =se of G-V by PE partner, 135/ 91, 280F, 167, excise tax, charter v =eimbursement etc as per jeffrey = am going to attend tomorrow meeting at 10:30 can you please confirm =ocation? in =ddition will you provide list of issues and facts today for =eview? please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 On =ay 30, 2014, at 12:40 PM, Richard Joslin wrote: I will look to provide advance list of issues and current =acts Ruth Wimer =tax) David DeYoe =FAA). McDermott Will & Emery LLP I 340 =adison Avenue I New York, NY =0173-1922 &n=sp; Richard =oslin CFO Elysium Management =LC 445 Park =ve Ste. =401 New York, =Y 10022 2 EFTA_R1_01966183 EFTA02675950 From: "Jeffrey E." <[email protected]> Subject: airplane =xpert Date: May =9, 2014 at 11:27:57 AM EDT To: Richard Kahn ca =ichard Joslin <=r> 3 EFTA_R1_01966184 EFTA02675951