From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Fwd: AYH/BPPR Financing (August 2007) Bank appraisal Date: Mon, 10 Jun 2013 18:15:16 +0000 Attachments: 07-396OR-0510 American_Yacht_Harbor_DRAFT-6-30-07.pdf attached is appraisal of AYH that we discussed last week Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York. New York 10022 tel fa cel Begin forwarded message: From: Cecile de Jongh aMM > Date: June 4, 2013 6:29:35 PM EDT To: Richard Kahn < >, Jeanne Brennan Subject: Fwd: AYH/BPPR Financing (August 2007) Bank appraisal Rich, Any luck finding the emails that Frank referenced? With warm regards, Cecile Sent from my iPhone Begin forwarded message: From: "Garrison, Frank" < Date: June 4, 2013, 5:34:50 PM GMT-04:00 To: Cecile de Jongh Cc: "Garrison, Frank" Subject: AYH/BPPR Financing (August 2007) Bank appraisal Cecile: I am attaching the appraisal that was prepared for BPPR in connection with the term loan closed in August 2007. This was prepared for BPPR for purposes of making that loan and presumably satisfying whatever LTV requirement they were imposing. It was not an appraisal done in connection with the acquisition (which closed in January of 2007) and I am unaware of any other appraisal. EFTA00694896