From: Richard Kahn < Sent: Wednesday, October 21, 2015 5:06 PM To: Jeffrey E. Subject: Fwd: Boat project please confirm pricing of 140,000 and 25,000 to Ed is =orrect i assume that 90k down and 50k paid by us =irectly to vendors and 25k to Ed when boat is completed to your =atisfaction should we have an independent survey done before =roceeding please advise thank =ou Richard Kahn HBRK Associates Inc. 4th Floor New York, NY 10022 tel fax cell = Begin forwarded message: From: =/b>Lvjet < Subject: =/b>Boat =roject Date: =/b>October 21, 2015 at 12:50:46 PM =DT To: = Rich, regarding 41ft Nautica Boat project,. Jeffrey has agreed =o pay $140,000 for Boat completed by Ed Hinckley. Its my understanding that we'll pay Ed Hinckley $90,000 =or boat and engines with fresh title. Refurbish project will have a Budget of $50,000.00 to =nclude by not limited to: -New Paint, same colors. -New Tubes, color TBD -all systems in working order, lights etc, bow spot =ight installed. -New seating for passenger compartment and rear deck TBD =y JEE. -reinstall Generator, ops check Cabin AC unit -Install stereo system -change some cabin windows that are fogged -remove damage rotten wood on rear deck, and install new =iberglass level floor. EFTA_R1_00007012 EFTA01733270

-new synthetic Teak looking Cork product on deck. Jeffrey offered $25,000 in addition to Ed Hinckley to =anage this project, I made it clear to Ed, he is to share all estimates =nd invoices with us during this project. total cost of boat without shipping to STT, =165,000.00 thank you Larry 2 EFTA_R1_00007013 EFTA01733271