EFTA00648758.pdf

From: "Farkas, Andrew L." To: "Jeffrey E." <jeevacation®gmail.com> Subject: Re: Date: Fri, 22 Apr 2016 22:03:40 +0000 Sold to the jew on 70th street. Sent from my BlackBerry 10 smartphone. From: Jeffrey E. Sent: Friday, April 22, 2016 6:01 PM To: Farkas, Andrew L Subject: Re: Fw: ill take the 200k On Fri, Apr 22, 2016 at 5:52 PM, Farkas, Andrew L. < > wrote: For your reading pleasure Sent from my BlackBerry 10 smartphone. From: Mukamal, Thomas < Sent: Thursday, April 14, 2016 4:30 PM To: Farkas, Andrew L. Subject: RE: Andrew — AYH does have $3MM in cash. We have discussed in the past with Jeffrey that the docks need some work and we rehabilitated p-dock quite nicely using mostly Paeiwonsky and Hoffman's money. That was our test case as we have explained to his guys in the past. We are in the process of costing a similar rehabilitation to our AYH docks and some other upgrades — and additionally the availability of a federal infrastructure grant to supplement some of our money. This will be completed in around 6-8 weeks. ATM is completing some engineering work and we want to get someone underwater to look at some of the structural pilings. We would also like to see if we are getting higher rates on the new P-dock to see the extent of the ROI associated with the spend. There are some other upgrades/refurbishments on the land as well that are being costed. We also needed to close our loan extension to make sure this money was available. That just closed last week. The nuance here is that AYH's EDC benefits expire at year end. I spoke to Darren Indyke yesterday about this and that we now feel we have a viable path for getting around the IGY shareholder disclosures based on advice from a different law firm. I would have to step in as the disclosing party based on my role as the primary manager of the business. Jeffrey would still be required to make detailed financial disclosures and background disclosures (this is what I raised with Darren to determine if, in particular, he was ok providing his tax returns to the EDA). Part of a renewal application will have to include a 5-10 year capital plan that goes beyond life safety and refurbishment. This plan is aligned with what we are costing above. Once we understand the total cost to revitalize the docks, the ROI involved — we can look at the scope and cost, our cash balances, grant availability and our anticipated cash flows (based on the new financing) to see what to financial commitments are appropriate for the EDC application (and over what time period). This will result in the appropriate submission to the EDC and will lead us to the appropriate distribution. EFTA00648758 IGY wants the money too — we are close. I am sorry this is taking a while. BPPR took a year — If you want, we can push out a few hundred thousand without compromising the plan above ($200K each) — I would feel ok w/ that. Tom From: Farkas, Andrew L [mailto Sent: Thursday, April 14, 2016 4:11 PM To: Mukamal, Thomas Subject: Fw: What is the story with the attached? Sent from my BlackBerry 10 smartphone. From: Jeffrey E. <jeevacatlonegmall.com> Sent: Thursday, April 14, 2016 3:41 PM To: Farkas, Andrew L. Subject: Im told that AYH has 3million of cash. im happy to take some please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of WE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited EFTA00648759 and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00648760 This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. EFTA00648761