EFTA Document EFTA01386784

We have had several opportunities to lend to Adam and George. Both brothers maintain leverage against their shares of ETE. While we executed a small margin loan with George in 2015, it was taken out by UBS when we made a margin call. We have also looked at a couple of mortgages for George (commercial and residential) but have not been able to beat BAML on terms or pricing. We have tried two or three times to lend money to Adam over the past few years, but also have not been able to get anyt