From: Sent: Monday, November 26, 2012 7:25 PM To: [email protected] Subject: GIV update Jeffrey, sorry for the long email, may be best to read on Ipad or computer, but=l have to relay my thoughts on GIl and possible GIV purchase. Gary spoke to Juan Carlos (Enrique's business manager), currently Enri=ue is in the recording studio, Enrique has spoken to Juan regar=ing the deal that was presented. It is confirmed the only offer that was presen=ed to Enrique was Jack Pruitt's low ball offer / trade against the global=20 Express. Enrique has officially declined to purchase the Global Express since the numbers didn't make sense and many brokers where involved. Juan Carlos informed Gary that Enrique still has intere=ted in purchasing the Global and a deal with us could work. Gary knows th= owner of the Global Express, I believe Gary told me his name was Tom Blair,=and motivated to sell his Global Express. Juan Carlos has the $5.75M number in his mind, since that is what verbal offer from Puritt last year before engines needed overhaul= Here is what is on the table at this time, I told Gary we need to know=all commissions and no hidden payments. Gary recommends making your highest offer, Non negotiable, t= purchase this GIV direct to Juan and Enrique. Gary already infor=ed Enrique & Juan we are offering $5.2M. Juan's response to Gary was,="two years ago, Enrique had a $9M offer in which he turned down". Gary=20 told him the market will not bear much higher than $6M for his GI=. Juan listens to Gary, a verbal negotiation is fine at this point accor=ing to Gary. Enrique invested $1.63M for engine overhauls this month= which I confirmed with BizJet Engine overhaul shop. Enrique wants to purchase this Global Express but is leery of the market going lower on=the Global Express, as he's seen his GIV value hit below $6M now. (As Gary=s mentioned, Enrique changes his mind, and gets cold feet on these types=of transactions). Gary has been very honest an