From: Valeria Chomsky To: "jeffrey E." <jeevacationggmail.com> Subject: Some information Date: Sun, 06 Aug 2017 13:04:15 +0000 One of our lawyers sent us this. Noam was not aware of these investments at Millennium. And we don't receive any statements at all from them. "After discussion with Mr. Katz, I do understand the "manual adjustment" of $150,000. This relates to the calculation of your IRA yearly required minimum distribution (RMD ), which is based on the year-end IRA valuation. Bainco uses two third parties to act as the holders of your investments. - Pershing holds the publicly-traded investments. - Millennium holds the "special" private investments, which as we discussed, have mostly failed. I am not sure what form of Millennium statement you receive. I have asked Bainco for a copy of this. For tax purposes, the IRS requires that you withdraw from the IRA at least the RMD amount each year, with penalties if you do not do so. The year-end balance of the Millennium account was $150,000. For that reason, Bainco added this amount to the Pershing account balance to make up the number used to calculate the RMD. This was the "manual adjustment." The Millennium account number has now decreased by $75,000, due to the write off of the "Outsmart" investment. Therefore, next year the "manual adjustment" will be less. As we have discussed, you have a potential daim against Bainco for recommending these various private investments in the first place. If you want to bring such as claim, let me know. As discussed in my previous memorandum, such claims will be barred by the applicable statute of limitations if not filed in court in a timely fashion. Regarding the Bainco fee amounts and the allocation of this company's fees, I asked Mr. Katz for more information, which he said would be forthcoming next week. Deb sent you an email on August 2 that addressed the ownership of your condo in Cambridge. If you have additional questions about that, please l