EFTA02674278

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From: Cecile de Jongh < Sent: Saturday, June 8, To: JEE Cc: Richard Kahn; Jeanne Brennan Subject: Fwd: AYH/BPPR Financing (August 2007) Bank appraisal Attachments: IGY Checking acct-wire transfers re AYH 2007.pdf; Untitled attachment 01107.htm With warm regards, Cecile Sent from my iPhone Begin forwarded message: From: "Garrison, Frank" O» Date: June 7, 2013, 6:35:09 PM GM=-04:00 To: Cecile de Jongh Cc: "Garrison, Frank" <=>Subject: RE: AYH/BPPR Financing (August 2007) Bank appraisal<=b> Cecile, I will=have to look into some of the items you are inquiring about. In the interim=though, I can address a few items: .8,in=sp; I have attached hereto a ba=k statement noting various transfers that tie to the AYH closing statement i=cluding the $16,079,324 you have referenced. .8tn=sp; There was not a finder4k=99s fee of $250,000 paid by Jeffrey to anyone. Rather, there was a $250,000=acquisition fee paid by IGY to Island Capital for doing the acquisition work. This amount was paid to Island pursuant to agreemen= prior to Jeffrey's investment and was standard for acquisiti=ns negotiated by Island for the benefit of IGY. That $250,000 was inc=uded in the total costs of IGY Facilities in AYH. Therefore, 50% of that amount was included in the total amount Jeffrey paid to I=Y Facilities for his 50% interest in AYH. Note that IGY incurre= the $250,000 as an actual out of pocket cost and does not have the same sh=reholders as Island Capital. EFTA_R1_01954