From: Barry J. Cohen <->
Sent: Wednesday, August 2, 2017 10:44 PM
To: Jeffrey E.
Subject: Plane Purchase Agreement
We are negotiating a purchase agreement for the Oxy =lane. Still $47MM. Two sticking points relate to something
you=referenced previously.
1. Seller wants to be able to walk if the inspection requires repairs th=t take longer than 2 months OR cost more
than $3MM. We suggested tha= they shouldn't be rewarded with walk rights if there are delays and that if the repairs
are required, they're go=ng to make them anyway, so why should they walk?
2. We =aid that we would pay $1MM of liquidated damages if we default and that Se=ler should pay $1MM if they
default. Seller said they want us to pay= but not them.
Do you think we should insist on our position?<=o:p>
Barry J. Cohen = I
Elysium Management,=l1C
Tel. Cell <=o:p>
&n=sp;
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