EFTA00745644.pdf

From: Jeffrey Epstein <jeevacation®gmail.com> To: Subject: Re: D Model for Epstein Date: Fri, 19 Feb 2010 14:26:08 +0000 how many d;s manufactured per year?. your % completes are confusing , please put dollars and dates. , are you suggesting that there are 50 helis at the 12 level offered. position 29, is really what , ?? how many are test helis send me a tel number for george. On Fri, Feb 19, 2010 at 9:16 AM, > wrote: from George: Forwarded messa e From: "Geo e Reenstra" To: Date: Thu, 18 Feb 2010 16:28:57 -0500 Subject: D Model for Epstein Larry. would you please forward this to Jeffrey. Jeffrey, I wanted to follow-up on our conversation today regarding the S-76D. Here's the best information I can give you on the aircraft: I. There are currently 20/25 units under contract which will he delivered outside the United States, primarily to the Middle East. 2. Sikorlcsy has one S-76D model under contract for the northeast. There are eight additional position agreements like yours they are attempting to close in the northeast. 3. Outside of the northeast, there are approximately 40 additional position agreements that are in negotiation. 4. Should you elect to go forward, your delivery position would be approximately S/N 29. And also Sikorsky says it would be a green delivery in October of 2011 and a final delivery in May/June of 2012. I would add seven or so months to the green delivery making it second quarter of 2012 and probably first quarter of 2013 for final delivery. This is my personal experience. Nothing ever delivers on time and you certainly know that as well as I do. Here is the play on the position agreements as I see them. Because of Sikorsky's position in the corporate market which is primarily driven in the northeast US, they are only offering introductory pricing discounts to EFTA00745644 the current position holders, of which you are one. Your slot is being offered to you at $12.12 million. The retail list price for this helicopter, except to the northeast position holders, is approximately $14.3 million. In your case, the options from a standard DL VIP to a JE VIP are approximately $1.6 million. So in theory even at the discounted price, you would pay $13.72 million. I know we can get that number down to the $13.5 million range. Were it not for the $12.12 million discount price to you, the price for a JE completed D model would be somewhere in the $15.9 million range. As we discussed, I think the real play is to tie up the D model slot at the $ 12.12 million price, let the market heat up a little, and if you choose not to buy it, you would be almost $2 million below retail and even if Sikorsky discounted that number a little bit, you would still be well ahead of the market with the opportunity to either sell your position or complete the helicopter to your specifications and take delivery. The payment schedule would be the same as your previous purchases: 20% down at contract execution 80% of green value at title transfer or green delivery 40% completion advance at title transfer or green delivery 40% at final completion acceptance I suggest this is purchased in a single purpose LLC. That will allow us to sell the LLC and there's nothing Sikorsky can do to prevent it. I do this to them all the time but don't tell them I told you. Lastly we need to have this signed and deposited not later than March 10, 2010 because they are going to close the door on these deals at that time. George Reenstra Aircraft Services Group, Inc. 300 Corporate Drive, Suite 2 Mahwah, NJ 07430 Telephone: Fax: E-Mail: EFTA00745645 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA00745646