Re: FW:
Jeffrey:
Attached you will find:
Earthjet (Doc 1)
PPM used for initial capital
BusinessJetSEATS (Doc 2,3,4)
PPM for equity investments
Bizjet Holdings LOC docs
Offer letter to BJSI shareholders
Greenjets (Doc 5,6,7)
PPM for initial equity
Haysjet Loan Agreement
Haysjet Loam Modification Agreement
Cap Table (Doc 8)
Background:
Earthjet was founded in 2005 as an air taxi franchise business. Alfred Rapetti offered in 2007 to leverage Earthjet's technology and seat model etc. and raise SIM into a new company majority owned by Earthjet called BusimssJetSEATS (BJSI).
Rapetti could not complete the financing, we took over the effort and completed a deal with BizJetlioldings to add $300,000. Bizjetlloldngs stopped short of completely funding as one partner fell victim to the recession. Management supported the company 100%, and eventually settled with the BJSI lenders/shareholders and reorganized under Greenjets - brought new equity and the Haysjct's financing. To be clear. the Haysjet Loan is a line ofcredit which has a limit of S600k, and a current balance of 5560k. If the outstanding balance reaches S600k, they can at their option convert to equity. We have no intention of borrowing additional funds under the LOC.
We have executed copies of the attached documents at our office.
Regards,
Dean
ask the boys whether or not bill siegal or larry moens are still part of the co.
The boys say... " yes" all of the listed shareholders are
CORE: Jennie Saunders | Founder & Chairman
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