From: "Jeffrey E." <jeevacation@gmail.com>
To: "Barry J. Cohen"
Subject: Re: FW: Leon Black - Purchase of G650
Date: Tue, 27 Jun 2017 13:39:21 +0000
an example barry is cosmetics. scratches on the wood . In tlIc glass racks. . stains in carpet , none relate to
ariworthy
On Tue, Jun 27, 2017 at 9:07 AM, Barry J. Cohen < > wrote:
FYI
From: Barry J. Cohen
Sent: Tuesday, June 27. 2017 9:02 AM
To: Tom Mitchell' ; Deyoe, David < >; Lee Rohde
Cc: Wimer, Ruth ; Ada Clapp < ; John Castrucci
Subject: RE: Leon Black - Purchase of G650
Understood. If "airworthy" is the typical provision, then this seems fine. !just wondered if there was a higher
standard that is sometimes used in contracts.
And you are saying that because we are requiring a 48-month inspection as a pre-condition to closing, we can
live with a more basic pre-buy inspection, right?
From: Tom Mitchell [mailto
Sent: Tuesday, June 27, 2017 8:58 AM
To: Barry J. Cohen ; Deyoe, David < >; Lee Rohde
Cc: Wimer, Ruth ; Ada Clapp < ; John Castrucci
Subject: RE: Leon Black - Purchase of G650
Hi Barry,
I can take a shot at these questions as others can chime in.
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There are actually 4 ranking inspections offered by Gulfstream under the task of what we are calling a pre-
purchase inspection. I think we should plan to modify which level is most appropriate based on the decision to
perform the ancillary tasks like the 48 Month Inspection and bulkhead install. Reason being, is the
redundancy is significant with the 48 Month inspection; for example the interior and landing gear is removed
and inspected for corrosion, which is also done on the higher level pre-purchase inspections. Therefore,
depending on who is funding which inspection, we should manage the process to be most cost effective yet
meet the necessary inspection(s).
The term airworthy may sound less than stringent, however it is an FAA legal term that is universally used to
state that the aircraft must meet its type design; meaning all systems and components must operate as
designed. This would include something as small as a reading lamp over a seat. In reality, it is a fairly
conservative term with respect to a buyer's interest. An example of a discrepancy that is actually airworthy
would normally be wear and tear related such a scratches and cosmetic findings.
Regards,
Tom
From: Barry J. Cohen mailto:
Sent: Tuesday, June 27, 2017 8:36 AM
To: Deyoe, David; Lee Rohde; Tom Mitchell
Cc: Wimer, Ruth; Ada Clapp; John Castrucci
Subject: RE: Leon Black - Purchase of G650
Two more things:
• Exhibit C references a "basic" pre-purchase inspection. What are the merits of doing a basic vs.
premium pre-buy inspection?
• "Airworthy" seems like a pretty low standard. Is that sufficient?
From: Deyoe, David [mailto:
Sent: Monday, June 26 2017 11:25 PM
To: Bann J. Cohen H. Lee Rohde III (
Mitchell
Cc: Wimer, Ruth ; Deyoe, David
Subject: Leon Black - Purchase of G650
Barry, Lee. and Tom — Attached are a clean version (the Word document) and a marked version (the
pdf version) of the letter of intent incorporating the changes Barry requested along with several other
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minor (primarily stylistic) changes. Please review the revisions and call or email me with any
comments or questions you may have in the morning.
Dave
David P. DeYoe
McDermott Will & Emery
227 W. Monroe Street
Chicago, Illinois 60606
Office: 312-984-7659
Mobile: 847-727-4336
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