From: "Jeffrey E." <[email protected]> To: Larry Visoski <Ila> Subject: Re: LOI for G550 #5173 Date: Mon, 23 Jan 2017 19:53:08 +0000 send him a note that says josh , where are we? On Sun, Jan 22, 2017 at 3:24 PM, Larry Visoski <a wrote: From Josh Sent from my iPhone Begin forwarded message: From: Josh Mesinger Date: January 22, 2017 at 3:21:42 PM EST To: Larry Visoski <1.1 >, Jay Mesinger Subject: RE: LOI for G550 #5173 Larry, Thank you for the offer to purchase Gulfstream G550 s/n 5173. Per our conversation here are a few things that we would like to address now: • We are waiting on a response from another buyer to a counteroffer that we made them on Friday. They have to tell us if they are moving forward by mid-day Monday. We need to play that out first. We will not ask either party to engage in a bidding war. We will work the first offer to a successful or unsuccessful conclusion first before then potentially moving to you and your offer. • The final sales price with a formal Gulfstream pre-purchase inspection will need to be closer to a mid-$16Ms number. Should we respond to your offer we will counter the price and terms. • The LOI will need to go into more detail about delivery conditions and a timeline for the transaction including a visual inspection. Seller will also provide a first draft of a purchase and sales agreement. These are changes we can make in any response. • You mentioned going to Europe this week....if we engage in a negotiation we need to have you or someone representing you see the airplane and records this week. That is key to giving everyone the confidence that they need to focus on trying to put together a deal with you and your principal. • Chevron is trading price for certainty of a sale. As such, they would like a transaction where a buyer's deposit becomes non-refundable at contract signing subject to the seller delivering the aircraft at closing compliant with all of the delivery conditions. The deliv