To: jeevacationepgmail.comfjeevacation©gmail.com]; jeevacation©gmail.com(jeevacation©gmail.com] From: Lvjet Sent Fri 6/29/2012 12:41:00 AM Subject: Fwd: the Panther from Gary,. —Original Message— From: Gary To: LVJET Sent: Thu, un : pm Subject: RE: the Panther Larry, I appreciate your candor as well as Jeffrey's legitimate concerns...I do. But I have reviewed each of the links below and the only one that even appears related is the offer for 8 million dollars from 2009. I think we all know the state of the union in 2009, and when there were no bites, it appears to have been removed from the market for a more optimistic future. It easy to focus solely on the devaluation of the diamond, but in all fairness, before we cut this opportunity loose, we should probably step back and take a hard look at the Boeing, which as you know has a very limited demographic appeal and the qualified buyers arc fewer and further between. The opportunity of the Boeing ever appreciating again is impossible and the holding cost arc astronomical compared to the stone, which is limited to insurance only. I think Jeffrey also needs to consider lost opportunity value. I think you would agree that you have already witnessed wholesale opportunities within the GIV and Challenger 604 market which arc going to be difficult, if not impossible to re-create as the activity within the aircraft markets, which are likely to be your replacement aircraft, continue to recover at the industry's most aggressive pace. Listen, authentication of this diamond sitting in Geneva, the diamond capital of the world, is absolutely the easiest part of the process, and should be a non-factor at this point. Before I cut this deal loose tommorow, I highly encourage Jeffrey to reconsider the actual cash value of both assets along with the intangible values of a convenient deal NOW, and then, at the very least give me the opportunity to give Moti a counter offer. What do you think? Gary Anz