EFTA01204596.pdf

From: Richard Kahn <I To: "jeffrey E." < Subject: 7/31/2014 Valuation Report Date: Thu, 14 Aug 2014 21:35:49 +0000 Attachments: SHBRK_Scann14081417031.pdf Please note projected 12/31/2014 cash balance as we discussed: 7/31/2014 Cash balance 147,000,000 8/31/2014 Highbridge Redemption 59,000,000 10/15/2014 Leon fee 25,000,000 12/15/2014 Leon to enhanced 10,000,000 Spending Aug - Dec (1.2mm per mo) (6,000,000) Projected 12/31/2014 cash balance (*) 235,000,000 (*) does not include any equity or fixed income sales or purchases Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fax cell Begin forwarded message: From: Subject: Message from KMBT C253 Date: August 14. 2014 at 5:03:36 PM EDT To: Reply-To: EFTA01204596