EFTA Document EFTA01925222

To: Jeffrey [email protected]]; lawrence delson From: Richard Joslin Sent Mon 5/12/2014 8:32:29 PM Subject: Avionetta N624N STRUCTURE CHART 104785669(3).DOCX No change in structure — more verbiage on page 2 From: Mandel, Michael [mailto Sent: Monday, May 12, 2014 4:41 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 Direct: From: Richard Joslin [malt,o11.1 1 Sent: Monday, May 12, 2014 To: Mandel, Michael EFTA_R1_00370636 EFTA01925222 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. Thanks Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 (w) (646) 589-0305 EFTA_R1_00370637 EFTA01925223 (c) (203) 581-0509 (f) (646) 589-0330 The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS, executed in August 20111istedAvioneta Holdings as the Part 91 operator of the Aircraft, which was contrary the Part 91 regulations (which prohibits an entity from 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 LDB for Avioneta Holdings as operator for 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 [mailto:mmandcla AKINGUMP.00?0] Sent: Tuesday, March 11, 2014 11:07 AM To: 'John Hannan; Richard Joslin; Thomas Turrin (TTurringrem-co.com)' Cc: Fenn, Patrick; Zivot, Louis; Lisa Graziano (graziano®ApolloLP.com) Subject: N624N - On JAFS Certificate EFTA_R1_00370638 EFTA01925224 FYI. A mere eight months after we began the process. Michael S. Mandel Direct: +1 202.887.4196 I Internal: 24196 From: Mary DemarestOietaviation,com [mailto:Mary Demarest@ietaviation,com] Sent: Tuesday, March 11, 2014 10:53 AM To: Mandel, Michael; loraziano aDollolo.con1 Cc: Donald HaloburdoejetaviatiQn,com Subject: N624N - On JAFS Certificate We arc pleased to advised N624N has been placed on our 135 Certificate, Monday, March 10'. 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. +1 201 462 4029 mailto:Mary DeMareStaletaviatiOn.COM virww.ietaviation.com 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 EFTA_R1_00370639 EFTA01925225 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. EFTA_R1_00370640 EFTA01925226