Bob P. Robert Peerless OPUS AERONAUTICS le Prince de Galles 10, Avenue Grande Bretagne MC-98000 Monaco www.opusaero.com <http://www.opusaero.com> From: Lar Sent: 17 May 2017 13:15 To: Robert Peerless Subject: Re: Royal Jet BBJ <=pan lang="EN-US" style="font-size:10.0pt;font-family:"Tahoma"=,"sans-serif""> This was some of the last correspondence with Mike, =oyal Jet Legal. 2 EFTA_R1_01889766 EFTA02649850

Dear Darren,=/u> Further to the emails below, we have now discussed t=e points raised with Royal Jet. To keep matters moving forward, please find attached=a revised draft of the Aircraft Purchase Agreement (in clean and red-line =gainst the last draft) (which remains subject to the further review of Roy=l Jet). Please note the following: 1. : Royal Jet have agreed that all 3 engines may underg= the boroscopic examinations at the same time prior to the main pre-purcha=e inspection. Royal Jet will require that, at the least, those examinations follow the i=spection process for the aircraft itself in that the engines should be acc=pted if they are in the Delivery Condition (rather than there being a wide= discretion). Note that Royal Jet are incurring costs in grounding two aircraft to complete these examin=tions and potential swaps and that the inspection process is already in th= Purchaser's favour given it is rare there is no discrepancy requiring=rectification. 2. : Royal Jet accepts that the Purchaser will not have=complete control over Etihad, so we have made the requirement to commence =he inspection by 18 December=/span> subject to the availability of Etihad. As a general poin=, it is important that we finalise the Aircraft Purchase Agreement and con=irm this slot quickly so we do not lose it. 3. : Boroscopic examinations of the engines are now exc=uded from the main pre- purchase inspection given they will already have be=n carried out. 4. : Royal Jet will permit further flight tests to be c=rried out, but if they are not necessary as per manufacturer's mainten=nce manual for release to service then the Purchaser should pay for them. 5. : Royal Jet has agreed to remove the time limit on p=ovision of the inspection report (so it will simply be provided "a= soon as is reasonably practicable"). 6. : Given we have not made any progress in inserting =n actual amount for the combined single limit, in order to move this forwa=d, we have simply made reference to a market standard amount. 3 EFTA_R1_01889767 EFTA02649851

7. : We have corrected the typos referenced below.<=u> We will forward the aircraft specs and inspection sc=pe to you once received from Royal Jet. Once those are inserted, we =hould be able to put the Aircraft Purchase Agreement into execution form a=d proceed with signing. We look forward to hearing from you.</=> Kind regards, Mike Sent from my iPad On May 15, 2017, at 10:32 PM, Robert Peerles wrote:<=p> Hi Larry, </=> All agreed...4)=A6...Thank-you. </=> I will try to send you a =imple letter agreement tomorrow And then we should disc=ss a good strategy and you need to fill me in on your past dealings. <1=> Looking forward to coming=to a successful conclusion and securing you the purchase of a good BBJ. </=> Best=/p> </=> Bob P.</=> 4 EFTA_R1_01889768 EFTA02649852