Fwd: FW:
ask the boys whether or not bill siegal or larry moens are still part of the co.
Jennie:
Please forward – thx Dean
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 $1M into a new company majority owned by Earthjet called BusinessJetSEATS (BJSI).
Rapetti could not complete the financing, we took over the effort and completed a deal with BizJetHoldings to add $300,000. BizjetHoldings 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 Haysjet's financing. To be clear, the Haysjet Loan is a line of credit which has a limit of $600k, and a current balance of $560k. If the outstanding balance reaches $600k, 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
Dean Rotchin, President
1675 Palm Beach Lakes Blvd.
Suite 1
West Palm Beach, Florida 33401
"Private Jet Service at the Lowest Possible Cost to You and the Environment"
ask the boys whether or not bill siegal or larry moens are still part of the co.