EFTA02542644.pdf

From: jeffrey E. <[email protected]> Sent: Friday, January 5, 2018 9:29 PM To: Richard Kahn Subject: Re: Enhanced Share Class - Boothbay why the increase in mgmt fees On Fri, Jan 5, 2018 at 4:10 PM, Rich=rd Kahn MMII MMI I> wrote: sorry to be a pai= but an is insisting on signed paperwork today for this to be effective J=n 1vs Feb 1 please advise if ok to send thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th =loor New York, NY 10022 Begin forwarded message: From: Richard Kahn <[email protected]=m> Subject:=Fwd: Enhanced Share Class - Boothbay =/div> Date: Ja=uary 5, 2018 at 3:11:25 PM EST To: "jeffrey E." <[email protected]&g=; attached be=ow are darren questions and responses highlights are as=follows: a) incentive allocation is 14% not 15% p=r original fund b) mgmt fee is 1.5% not 1% per original fund c) soft lock of 1 year on 7.5mm investment then quarterly withdrawal=with 60 day notice d) investment subject to 10% walk away rights=/div> please advise if ok to sign attach=d 3 page conversion agreement once above language is incorporated EFTA_R1_01693557 EFTA02542644  thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th =Ioor New York, NY 10022 Begin forwarded message: From: Freddie Richardson <[email protected]=gt; Subject: RE: Enhanced Share Class Date: January 5, 2018 at 10:24:40 AM EST =/div> To: 'Richard Kahn=tB9; <[email protected] <mailto:[email protected]» Cc:=Daniel Bloom <Best, Freddie <mailto:[email protected]= target=> Fre=erick Richardson =oothbay Fund Management <=pan style="font-size:11ptfont-family:Calibri,sans-serif;color:rgb(31,73=125)">810 Seventh Avenue, 6th Floor New York, NY 10019 212.332.2684 <tel:(212)%20332-2684> <=iv style="margin:Oin Oin 0.0001pt;font-size:12ptfont-family:ITimes =ew Roman',serif'> From: Richard Kahn (mailto:[email protected]] Sent:<=b> To: Freddie Richardson Cc:</=> =aniel Bloom Subject: Enhanced Share Class Because of th= additional letter agreement, it appears that the following would apply to=our investment, assuming we would be investing in the 2A-E interests:</=> 2 EFTA_R1_01693558 EFTA02542645  =div> 1. 2. =AO =C2 Our loss recovery account would carry over to the new i=vestment. There is no loss=u> </=iv> 3. The letter=contemplates calculation of incentive allocations from the last time it wa= calculated of BBARS, but given that our converted investment will be as o= January =/span> =A0 1, 2018, I don't think =hat aspect applies to us. I believe the incentive allocation will be=performed for BBARS as usual for the year ending 12/31/2017 and then start= =AO =C2 new for the converted investment as of Jan 1. Please confirm wi=h Ari. Correct 4.=C2 Section 3 of the lette= is a little confusing as well. It seems to suggest that our managem=nt fee for the converted investment will be 1.5% per annum applicable to C=ass 2A-= interest, minus 1% per annum equal to Class 2F interests, or a .5% manage=ent fee. Is that correct? please check with Ari. This new =nvestment should still be subject to our 10% walk away rights as provided =n our current side agreement. Ok<=> </=iv> Thanks. Richar= Kahn HBRK Associates Inc= 575 Lexington Avenue, =th Floor New York, NY 100=2 tel 212-971-1306 <tel:(21=)%20971-1306> =/u> fax 646-350-0954 <tel:(646)%203=0-0954> cell 917-414.7584 <tel:(917)%20414.75=4> =/span> ./div> <=iy> =AO plea=e note 3 EFTA_R1_01693559 EFTA02542646  The information contained in this communication is confi=ential, may be attorney-client privileged, may constitute inside inform=tion, and is intended only for the use of the addressee. It is the prop=rty of JEE Unauthorized use, disclosure or copying of this commun=cation or any part thereof is strictly prohibited and may be unlawful. =f you have received this communication in error, please notify us immed=ately by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gm=il.com> , and destroy this c=mmunication and all copies thereof, including all attachments. copyrigh= -all rights reserved --94eb2c116fdad3176505620e2271-- conversation-id 19312 date-last-viewed 0 date-received 1515187736 flags 8590195713 gmail-label-ids 7 6 remote-id 783897 4 EFTA_R1_01693560 EFTA02542647