From: Harry Beller Subject: AYH Capital Accounts Date: February 27, 2013 11:17:26 AM EST To: jennifer greene <JGreeneeigyrnarinas.com> Jennifer The 2011 Form 1065 schedule L shows a balance in partners capital accounts of 5,589,263. The individual K•1 shows a balance or IGY LTD of 4,316,636 and for Mr Epstein of 4,691,868. With respect to the capital accounts I have the following questions: 1) please explain the difference in the amount of 3,419,261 between the total balances on the K-1s verses' the balance on schedule L 2)Please explain the net stepup of 375,252 to Mr Epstein's capital account 3) If both partners share 50% of profit and loss as per the K-1, why are they being allocated different amounts of P&L as per your analysis please advise thanks Harry EFTA_R1_02108269 EFTA02708027