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eee ame A e 4 ! -4 ' t] ME 87-16994 . a2 Doring ‘this sane meeting on July 13, 1976, the addendum to the lease entitled “Rider No. 1” was retyped and again stated that the responsibility for supervising the modification and upgrading of the aircraft was that ef World Aircraft Exchange, Inc., for which Werld Aircraft Exchange, Inc., was to be paid. At the conclasion of the meeting, ZNEINMER took the new lease and the two-page rider @igned by VERNON PRESLEY back to New York City. At this point SMITH's attention was drawn to the . @pper right-band corner of the five statements referred to above, and be was questioned concerning the words “Statement 106 x.P." The nambers 206, 306, 408 and 506 were eect 00 entered on the other four invoices whieh tetaled $341 SVITH was enable to explain this and felt that World Sie Airerart should be able to clarify this matter. Go July 30, 1976, SMITH was ealled to DAVIS’ hone and was presented with a@ poorly drafted two-page docment providing for an assignment by Air Cargo of its sub-lease to a company called A.G.M, Financial Corporation. PBAVIS bad received this in the mail from FRED P. PRO. SMITE had Jearned that PRO claimed he could aot do basiness vith ACHTMANN as W.W.P. was too hard-nosed. PRO wanted the eriginal lease with ¥V.V.P. to be altered and replace ¥.U.?. with 4.G.M. Financial. This conceivably gould cause a change -from the Chemical Bank of ew York te anotber bank. To SUITEH's recollection, prior to the signing of the lease contract on July 13, 1976, there was a moeting of CAGGIANO with VERNON PRESLEY. SAVIS and SHITH vere were proce esent WIGEL WINFIELD arrived at the meeting from Miani, and the discussion continued to the point that DAVIS asked who would be recommended to replace W.¥.P. in the lease. As SXITH recalls,- WINFIELD said in siow words, "A.U.M. Financial.” This request was denied on bebalf ef PRESLEY. @UITH then returned to his aforementioned meeting with DAVIS at DAYVIS' house and the two-page assignment. VERNON PRESLEY arrived at the house and advised then that CAGGIANO had flown to Memphis on Tharaday after the Tuesday on which the revised lease agreement had been executed. 14