From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: LAITY <la Subject: Re: BBJ deal Date: Fri, 29 Dec 2017 19:11:17 +0000 something odd here. but tell him we can consider it. On Fri, Dec 29, 2017 at 1:04 PM, Larry c wrote: Jeffrey, I Received a call Frank and Fred the old B727 Engine buyers that did not preform at closing., They asked me if you would be interested in purchasing a BBJ fuselage with 1,523 hours for $2M excluding the engines is their asking price,. Frank is negotiating the purchase of the BBJ at $19.5M he's only interested in the engines, he has a buyer for the engines at approx $10M each, Frank informs we could lease BBJ engines for $163k per month for 2 engines, if there is an advantage to Lease? or purchase higher cycle engines for approx $4.5m each. I've attached the spec sheet of the BBJ it appears the only value left on BBJ's is the engines, since the Airlines are in need of low time / Low Cycle engines Should I tell Frank we will Pass? Thx Larry Larry, This is a simple back-back-transaction. $20.0MM USD Sale of the Two CFM65-7B27 B3 Engines (To another BBJ operator) $19.5MM USD Sales Price of the BBJ SN 29200 $500K Margin on the sale of the Engines $2.0MM USD- Sale of the Aircraft minus the engines to JEGE Total Gross Margin for Lelac Aerospace, LLC $2.5MM USD Fred, please send Lary the matrix on the lease engines and the respective forecast. i.e. lease rate and M/Rs over the next 5 years. Thanks EFTA00935293 Franco Sent from my iPad Begin forwarded message: From: "LELAC AEROSPACE" < Date: December 29, 2017 at 12:00:33 PM EST To: "'LELAC AEROSPACE' Cc: Subject: BBJ ESN 29200 LOI v.2.0 Larry, See atached. Franco please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00935294