EFTA02549518

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From: Richard Kahn < Sent: Wednesday, December 13, 2017 5:33 PM To: jeffrey E. Subject: Fwd: Call with Max - summary Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>Deborah Pechet Quinan < Subject: =/b>Call with Max - =ummary Date: =/b>December 13, 2017 at 12:36:42 =M EST To: =/b>"Noam Chomsky », "Valeria Chomsky " < >, "Richard Kahn 1 1" < Dear Noam, Valeria and =ichard, I spoke with Max yesterday afternoon. He reiterated his =osition that he is not prepared to make distributions without some =evel of financial disclosure. We discussed my view that the level =e would like to see is unreasonably intrusive. I proposed that a =inancial statement should be sufficient. He countered that in =ddition to a financial statement he would require a statement of =urrent cash flows as he is concerned about "burn rate" =nd how long the trust funds would be projected to last at the current =urn rate given increasing life expectancies generally. Max did =ot state that he would be willing to accept less disclosure than what =e requested in his November 30th email to Richard. I =tressed that this particular request was unreasonably intrusive, =isrespectful and paternalistic. I do believe Max would be =menable to some level of reduced disclosure. I put pressure on =im to release the $150,000 for the tax estimate without any financial =isclosure, within the next two days, due to the signific