From: Cecile de Jongh

From: Cecile de Jongh To: JEE [email protected]> Cc: Richard Kahn Subject: Fw: Payment Date: Tue, 11 Jun 2013 19:24:38 +0000 >, Jeanne Brennan Please see Frank's email below. Please let me know how I should reply. With warm regards, Cecile DISCLAIMER: The information contained In this e-mail may be privileged,confidential, and protected from disclosure. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or duplication of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately and delete all copies. "Nearly all men can stand adversity, but if you want to test a man's character, give him power." — Abraham Lincoln Cf, Please consider the environment before printing this e-mail. Forwarded Message From: "Garrison, Frank" < To: Cecile de Jongh Sent: Tuesday, June 11, 2013 3:21 PM Subject: RE: Payment Cecile, With regard to fuel, as I think you know, we informally and unilaterally began selling fuel to the LSJ vessels at approximately cost (as best we can calculate) a few months ago. AYH has an agreement with Puma Energy that requires us to pay for fuel on a fairly short term basis. If we extend credit to the LSJ vessels, what assurance can you provide that fuel will be paid for timely so that we can pay Puma on time? We don't have a lot of comfort extending credit when substantial rent payments ($54,000 currently) in arrears. Help? Frank Frank M. Garrison Island Capital Group LLC One American Center 3100 West End Ave Suite 1230 Nashville, TN 37203 EFTA00963004 I EFTA00963005