From: Richard Kahn

From: Richard Kahn To: "Jeffrey E." <jeevacation@gmail.com> Subject: Date: Fri, 15 Jul 2016 20:19:45 +0000 Attachments: doc00555720160707142119.pdf at our meeting last week we did not have a chance to brainstorm some creative ideas to accomplish your generosity discussed a few weeks ago some thoughts i had to be tax efficient were as follows: a) GRAT via butterfly trust - example i used in attachment was a 2 or 5 year Grat to capture butterfly capital loss carry forward -> i also used honeycomb hedge fund as an example with arbitrary dollar amounts and returns however any product you deem that has upside could be used b) HBRK -> take 200,000 as expense reimbursement (would use 2016 & 2017 tax years for out of pocket expenses) c) Loan from SFL d) something else as always i appreciate your kindness to me and my family and am comfortable with whatever you decide please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 EFTA00823879