Epstein Secrets

Rance Acquisitions, LLC ("Rance ' was originally owned by a 1031 exchange counterparty. Ownership of the aircraft would have been transferred from Rance to the owner trustee on behalf of Avioneta Holdings LLC ("Avioneta"), but doing so would have grounded the aircraft during a time when the members

LDB"), granting LDB a non- exclusive lease of the aircraft for Part 91 operations. • Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDB for Avioneta Holdings as operator for Part 91 operations. • Non-Exclusive Aircraft Dry Lease Agreement between Rance and

nded the aircraft during a time when the members were using the aircraft. o Instead, there was a series of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in Augus

craft (N624N) ll Rance Acquisitions, LLC (Delaware) John J. Hannan, President V Wells Fargo Bank Northwest, Owner Trustee of the N624N Trust V Avioneta Holdings LLC (Delaware) John J. Hannan, President Beneficiary of the N624N Trust Leon Black (50.1%) Debra Black (49.9%) 686218.0002 EAST 104785669 v3 EFTA

Rance Acquisitions, LLC ("Rance ' was originally owned by a 1031 exchange counterparty. Ownership of the aircraft would have been transferred from Rance to the owner trustee on behalf of Avioneta Holdings LLC ("Avioneta"), but doing so would have grounded the aircraft during a time when the members

LDB"), granting LDB a non- exclusive lease of the aircraft for Part 91 operations. • Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDB for Avioneta Holdings as operator for Part 91 operations. • Non-Exclusive Aircraft Dry Lease Agreement between Rance and

nded the aircraft during a time when the members were using the aircraft. o Instead, there was a series of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in Augus

aft (N624N) Rance Acquisitions, LLC (Delaware) John J. Hannan, President V Wells Fargo Bank Northwest, N.A. Owner Trustee of the N624N Trust V Avioneta Holdings LLC (Delaware) John J. Hannan, President Beneficiary of the N624N Trust Leon Black (50.1%) Debra Black (49.9%) 686218.0002 EAST 104785669 v3 EFTA

ease Actually the Air Carrier is Jet and the Lessor is Rance. And is there any substantive difference between remitting the rent net of expenses to Rance and remitting the gross rent and then billing them separately for the trip-related expenses? Micha Direct: From: Richard loslin [mailto Sent: Fr

s G-V to Jet Aviation (third party). The fee that Jet charges its charter clients is set forth in a dry lease agreement. The net charter fee paid to Rance is $200 less than the amount Jet receives from its clients. From a billing perspective, Jet continues to send invoices to Avioneta for fixed costs

ht incidentals. Apollo would provide a payment for busiess related flights at a standard rate. After the 135 certification, the plane owner (Rance/ Avioneta Holdings LLC) leases G-V to Jet Aviation (third party). The fee that Jet charges its charter clients is set forth in a dry lease agreement. The net charter fee p