From: Larry

From: Larry Sent: Monday, January 16, 2017 8:51 PM To: Je vacation Subject: Fwd: GV offer Message from Susan and Justin,. <=iv id="AppleMailSignature">Justin will adjust the quote taking into accou=t using our fuel in St Thomas,.should have his quote later today, I Arrive in Brunswick today at 9pm,. I'll h=ve better update ref GIV Pressurization repair. Jeffrey, this is m= estimate for GV demo,. Taking into account using our fuel in St Thomas for=your review,. Please see email from Susan below regarding their price: = Should I offer $25k all in for demo, o= do you want to adjust? Pls Advise? Thx=Larry Jeffrey, This is my estimate: they have to clear customs in Buffalo =fuel price is high there, I was quoted $6.43 per gallon. Ontario to Buffalo .5 fuel 300 gallons $6.43 per gallon ==$1,929.00 BUF - TIST 3.5 fuel 1600 g=llons $6.43 per gallon = $10,288.00 TIST - TEB. = 4.0 My fuel in Sit you can tanker to get you home., TEB - D= area. 1.0 I'll fuel 2300 gallons in St Thomas, </=pan> To=al flight time 9.0 hours x 30001bs per hour 27,000 lbs = 400= gallons Hotel Marriott 511 using my Discount code TVL = $382.00 per n=ght Pilot & CoCapt Pay $1,300 each Sent from my iPad </=iv> Sent from my iPad Begin forwarded message: Susan Kopacz Date: January 16, 2017 at 2:40:11 PM ES= To: Larry Cc: Justin Jenkins Subject: Re: GV offer </=> Dear Larry= Pursuant to our phone conversation today w= are able to make the aircraft and crew available for the demo flight on We=nesday morning. The cost would be t=ice fuel plus any airport/landings/overflight fees and crew expenses. =We estimate the cost to be between $40k and $50k depending on how much fuel=we take on which as discussed is well below charter rate. EFTA_R1_01912719 EFTA02663311 <=span> Therefore please wire $40k and we will either refund or invo=ce for the balance once all costs are finalized. I will send wire ins=ructions momentarily. As discussed we have=just dramatically reduced the price from $12.995M to $11.995M making it the=best value on the market, after extrapolating key value points and the down=ime associated with the factory fresh prebuy, new paint, new interior and o=her inspections recently completed. We may have further flexibility in the p=icing depending on the terms and conditions of your offer but we have had a=tremendous uptick in interest in the last week. I feel it is a combination o= the elections and the holidays being behind us, as well of the lack of ava=lability of aircraft comparable to ours. =f we are able to reach an accord on price and terms, we will credit half th= trip costs towards the purchase price at closing. <=t>Thank you for your interest and we look forward to working with you= Sincerely Susan =/span> Susan Kopacz President On Jan 16, 2=17, at 5:31 AM, Larry Hello Susan and Justin,. My boss would like you t= counter is offer to buy your GV., no trade, straight purchase,. =/blockquote> Wednesday? Is your GV on line?,,,if so, co=ld my boss due demo flight from St Thomas to TEB for =/blockquote> Price <=lockquote type="cite"> Thx, 2 EFTA_R1_01912720 EFTA02663312 Larry= Sent from my iPad Larry </=lockquote> =span>Thank you very much for your email and sending the photos and basic information on your G-IV. We are struggling with the unique value points of your aircraft an= applying fair value for the avionics upgrades that histo=ically only receive 50 cents on the dollar as a resale ch=racteristic. This is even more challenging given th= early vintage of your aircraft and fact that it does not have c/=lockquote> =span>ASC-190, which makes it a desirable domestic aircraft but unfortunatel= eliminates a large percentage of the G-IV buyers. A= you know it's the only major difference between your air=raft and the G-IVSP. =blockquote type="cite> 3 EFTA_R1_01912721 EFTA02663313 Having said that w= did take a another unique aircraft in trade on the last =-V which we owned (SN 510) so maybe we can find some common ground as it is=/span> clear that you take very good care of your aircraft from t=e cosmetic condition and the fact that you do heavy maint=nance at Gulfstream PBI. ablockquote> We are=a little concerned that your aircraft is getting close to the 10000<=r> hours/5000 cycle mark which results in several heavy/expensive ma=ntenance checks have exceded $1M on like-kind we have tra=ed. Would you please let us know if by chance you d=d the 10,000 inspections and gear overhaul early? </=lockquote> =br> When you asked me to provide a true value of your G-IV, we looke= at the actual sale prices over the last 6 months which a=e as follows: In the last 6 months onl= four G-IV's sold. The highest selling price was SN=1046 in the mid $2's. The aircraft had 7880 hours and 3603 landings.<=span> The engines were on RRCC The paint & interior wa= 9 years old, Mods 4 EFTA_R1_01912722 EFTA02663314 included ASC-190 & the -150 APU. &=bsp;Two G-IV's sold under $2M, both ASC- 190 aircraft, one=with 11,000 hours and the other with 18,000 hours. I don't =/blockquote> SN 672 in the mid $11's, no RRCC, nee=ed paint/interior and needing a 192-month SN 687 just under $12M, w/ RRCC, needed interior and needing a 192-month i= 2018 SN 629 between $10.6 & $10.8 w=out RRCC (I know they had multiple offers but not sure wh=ch offer they eventually took) SN 660, Ask was $14.9M but=couldn't confirm a selling price. SN 668 at $10.6M as is w=th no pre-buy w/out RRCC ($2.7M per engine RRCC buyin, $5=4M total). SN 510 which we sold, taking a G-IVSP in trade= SN 552 which we purchased. SN 601 &=631, both high time NETJETS owned aircraft, only G-V's we heard to sell around $9M & $9.6M. <=lockquote type="cite"> SN 516, very nice a=rcraft, asking $11.975M which we just missed. This is typically the aircraft most qualified buyers perceived as the best value i= 5 EFTA_R1_01912723 EFTA02663315 the last year, as we felt the same but it's gone. <=span> To give you an idea of our experience, w= recently closed the following Gulfstream transactions:</=pan> G-IVSP SN 1227 sold G-IV, SN 1098 leased<=span> G-V, SN 518 leased G-V, SN 510 sold G-IV, SN 1052 leased =/blockquote> In su=mary, we respectfully decline the $5M trade offer. We would be going<=span> from a very active G-V market with multiple qualified buye=s & lessee's to a offer as well. <=r> We are the only brokerage firm in the world owning two G-V's and a=G-IVSP in the last 6 months so I'd be happy to discuss ou= thoughts with your 6 EFTA_R1_01912724 EFTA02663316 approach may be for us to aggressivel= market the G-IV for a short period of =blockquote type="cite"> time to facilitate=a retail sale in an effort bridge the gap. <=pan>Sincerely, confidential and/or privileged inform=tion and may be legally protected from =blockquote typeeciteu> disclosure. If you=are not the intended recipient of this message or their a=ent, or if this message has been addressed to you in error, please immediately alert the sender by reply email and then delete this m=ssage and any attachments. If you are not the intended re=ipient, you are hereby notified that any use, disseminati=n, copying, or storage of this message or its attachments=is strictly prohibited. <=pan> 7 EFTA_R1_01912725 EFTA02663317 <=pan> Original Message From: Larry Visoski Sen=: Saturday, December 31, 2016 9:46 AM <=lockquote type="cite"> To: Susan Kopaci l Subject: GV offer S=san I've been authorized to offer the following: <=r> Our GIV serial 1085 plus $5M USD for your GV s=rial 552. Please confirm you receive,= I look fwd to your thoughts Happy New Y=ar. Thank you, 8 EFTA_R1_01912726 EFTA02663318 Larry Visoski Chief Pilot lege, LLC 3800 Southern Blvd suite 2=4 West Palm Beach Fl 33406 <=blockquote> SIIMI IMIIMINION=M Sent from my iPhone<=span> 9 EFTA_R1_01912727 EFTA02663319