Merger/Acquiring Assets
19. On Wednesday, February 1, 2017, Terry’s counsel, Roy M. Terry, informed
counsel for Firefly, and Johan Eliasch, the beneficial owner of Firefly, that Terry and Gulbin are in the process of separating their business interests and intend to distribute certain assets of TIH
amongst themselves. Specifically, Roy M. Terry has explained that Tempus Aircraft Sales & Service, LLC (“TASS”), will be distributed to Gulbin, and the remaining assets of TIH with some exceptions, will be distributed to Terry. On information and belief, TASS operates a
Pilatus Aircraft dealership and is a substantial asset of TIH
Case 4:17-cv-00008-HCM-DEM Document 1 Filed 02/02/17 Page 4 of 10 PageID# 4
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