From: "jeffrey E." <jeevacationggmail.com>

From: "jeffrey E." <jeevacationggmail.com> To: Richard Kahn Subject: Re: Termsheet Date: Mon, 05 Jun 2017 21:04:33 +0000 and it should be tax deductible On Mon, Jun 5, 2017 at 4:24 PM, Richard Kahn < > wrote: Begin forwarded message: From: < Subject: Termsheet Date: June 1, 2017 at 9:10:52 PM EDT To: Richard Kahn Hi Guys Please find attached the term sheet. There are two things of note: >, Darren Indyke < • The loan of $1MM is effectively —$820,000 when you consider the annual interest payments. Jeffrey originally said I can borrow the interest. So I put the size of the loan as [($1MM) + ($1MM) x (APR rate at time of loan) x (9)) which equals —$1,180,000. The - $180,000 will get paid back leaving the net amount of $1MM. • In order to ensure that Jeffrey is always paying an advisory fee even when I get new clients in, I would like to propose that Jeffrey gets re-imbursed up to a cap of $400,000 (not the $500,000 as originally discussed). This means I can, at a minimum, point to $100,000 fee income from JE and we don't need to alter fee payments to fit the different calendar years. I am around tomorrow if you would like to follow up. Thanks Paul Paul Barrett EFTA01044465 please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01044466