From: Richard Kahn

From: Richard Kahn To: "jeffrey E." <[email protected]> Subject: Next - Capital Account Analysis Date: Wed, 02 May 2018 19:31:36 +0000 Attachments: doc03091320180502 I 42757.pdf as can be seen below Golden Gate received almost as much distributions as income from 2009-2017 in USA therefore their basis in this asset has been reduced by approximately 5,000,000 Net increase in capital accounts in Europe from 2009 - 2017 was approximately 350,000 based on millie analysis I wonder what value Golden Gate carries this asset on its books as i am sure they wrote down over the years... Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fa cel Begin forwarded message: From: Date: May 2, 2018 at 3:28:01 PM EDT To: CS 3051ci [00:17:c8:25:f3:53] EFTA00821183