EFTA00959838.pdf

From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Fwd: Follow Up Date: Fri, 26 Apr 2013 19:54:31 +0000 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York, New York 10022 tel fax cell Begin forwarded message: From: "Mukamal, Thomas" Date: April 26, 2013 3:23:16 PM EDT To: Richard Kahn Subject: Follow Up Rich — Per our conversation, you have three additional questions. 1. Interest Expense Allocation from May 29, 2007 — August 2007 (date on which the BPPR Loan closed). I will get back to you early next week — I understand what you are asking. 2. $247,000 Gain — after I hung up I realized we did discuss this on our last call — in particular that we have a different basis because there were costs that we incurred at the parent level to do the deal that we didn't allocate to the AYH entity — these consisted of salary allocations, travel and legal fees. I wanted to make sure I reminded you f this. I will re confirm this as well. 3. Capital Account — we didn't close at the same time so I would assume the capital accounts are going to be different and I suspect that the answer in #2 above has something to do with it but I will discuss with Jennifer on Monday and will confirm Thanks, Tom Tom Mukamal President Island Global Yachting Ltd. 717 Fifth Avenue, 18th Floor New York, New York 10022 (T) (F (E) EFTA00959838 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-disdosure 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 stridly 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-mad shall be considered a legally binding agreement, amendment or modification of any agreement with Island Global Yachting LTD or any of its affiliates, each of which requires a fully executed agreement to be received by Island Global Yachting LTD or such afNiate. EFTA00959839