EFTA01781081.pdf

From: Farkas, Andrew L. Sent: Friday, April 22, 2016 10:04 PM To: jeffrey E. Subject: Re: 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 = wrote: For your reading pleasure Sent from my BlackBerry 10 smart hone. From: Mukamal, Thomas Sent: Thursday, April 14, .• To: Farkas, Andrew L. Subject: RE: Andrew — AYH does have $3MM in cash. We have discusse= in the past with Jeffrey that the docks need some work and we rehabilitat=d p-dock quite nicely using mostly Paeiwonsky and Hoffman's money. That was our test case as we have explained to hi= guys in the past. We are in the process of costing a similar rehabi=itation to our AYH docks and some other upgrades — and additionally the =vailability of a federal infrastructure grant to supplement some of our money. This will be completed in around 6-= weeks. ATM is completing some engineering work and we want to get s=meone 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.&=bsp; 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 expir= 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.=nbsp; I would have to step in as the disclosing party based on my role as =he primary manager of the business. Jeffrey would still be required =o make detailed financial disclosures and background disclosures (this is what I EFTA_R1_00100092 EFTA01781081 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 tha= goes beyond life safety and refurbishment. This plan is aligned with what we are costing above. Once we underst=nd the total cost to revitalize the docks, the ROI involved — we can loo= at the scope and cost, our cash balances, grant availability and our anti=ipated cash flows (based on the new financing) to see what to financial commitments are appropriate for the EDC applicati=n (and over what time period). This will result in the appropriate s=bmission to the EDC and will lead us to the appropriate distribution. = IGY wants the money too — we are close. I =m sorry this is taking a while. BPPR took a year — If you want, we can push out a few hundred thousan= without compromising the plan above ($200K each) — I would feel ok t=at. Toni From: Farkas, Andrew L Sent: Thursday, April 1 • Thomas Subject: Fw: What is the story with the=attached? Sent from my&nbs=;BlackBerry 10 smartphone. From: jeffrey E. <[email protected] cmailto:[email protected]» Sent: Thursday, April 14, 2016 3:41 PM To: Farkas, Andrew L Subject: Im told that AYH has 3million of cash. &n=sp; im happy to take some 2 EFTA_R1_00100093 EFTA01781082  please no=e 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message, and any attachments hereto, is confidential and intend=d exclusively for the use of the individual or entity to whom it is addres=ed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentialit= and/or non-disclosure agreement, or otherwise exempt or protected from di=closure (either by contract or under applicable law). If you are not the i=tended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disse=inating or using this message or any information contained herein (includi=g any reliance thereon) is strictly prohibited. If you have received this =essage 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 forma=. Nothing contained in this e-mail shall be considered a legally binding a=reement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, e=ch of which requires a fully executed agreement to be received by Island C=pital Group LLC or such affiliate. This message, and any attachments hereto, is confidential and intended excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from dis=losure (either by contract or under applicable law). If you are not the in=ended recipient, you are hereby notified that printing, retaining, reprodu=ing, copying, disclosing, disseminating or using this message or any information contained herein (including any r=liance thereon) is strictly prohibited. If you have received this message =n error, please contact the sender immediately and destroy the message (in=luding any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothi=g contained in this e-mail shall be considered a legally binding agreement= amendment or modification of any agreement with Island Capital Group LLC =r any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital=Group LLC or such affiliate. 3 EFTA_R1_00100094 EFTA01781083  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 [email protected] <mailto:[email protected]> , 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 excl=sively for the use of the individual or entity to whom it is addressed. Th=s communication may contain information that is confidential, proprietary,=privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from dis=losure (either by contract or under applicable law). If you are not the in=ended recipient, you are hereby notified that printing, retaining, reprodu=ing, copying, disclosing, disseminating or using this message or any information contained herein (including any r=liance thereon) is strictly prohibited. If you have received this message =n error, please contact the sender immediately and destroy the message (i =luding any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothi=g contained in this e-mail shall be considered a legally binding agreement= amendment or modification of any agreement with Island Capital Group LLC =r any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital=Group LLC or such affiliate. 4 EFTA_R1_00100095 EFTA01781084