From: jeffrey E. <[email protected]> Sent: Wednesday, November 5, 2014 11:20 PM To: Melanie Spinella Subject: Fwd: Boat does not include boat loan and depreciation. Forwarded message From: Eileen Alexanderson < <mailto Date: Wed, Nov 5, 2014 at 4:35 PM Subject: Boat To: "=jeffrey E." <jeevacation@=mail.com <mailto:[email protected]» > >= EXPENSES CHARTER REV NET EXPENSE 2012 $5.6M1L $1.6M1L $4.0MIL this was the year of=the major renovations 2013 $5.0MIL $1.1MIL $53.9MIL spending somewhat high in =dvance of certification 2014 $4.5M1L-est= $2.0MIL $2.5M1L more charters made a big difference +more normal expenses<=> Captain did not respond yet but I believe run rate i= 2015 should be be $2.5-3.0 net operational expense-will let you know if h= says otherwise Eileen Alexander=on Elysium Management<=> 445 Park Avenue<=u> Suite 1401 New York NY 10022 Phone: Email: <1=> 1 EFTA_R1_01777887 EFTA02594170

please note =he information contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is in=ended only for the use of the addressee. It is the property of JEEUnauthorized use, disclosure or copying of this communication or any p=rt thereof is strictly prohibited and may be unlawful. If you have rece=ved this communication in error, please notify us immediately by ret=rn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served 2 EFTA_R1_01777888 EFTA02594171