From: Farkas, Andrew L. Sent: Friday, April 22, 2016 9:52 PM To: Florida Science Foundation Subject: Fw: For your reading pleasure Sent from my BlackBerry From: Mukamal, Thomas Sent: Thursday, April 14, 2016 4:30 PM To: Farkas, Andrew L Subject: RE: Andrew — AYH does have $3MM in cash. We have discusse= in the past with Jeffrey that the docks need some work and we rehabilitat=d p-dock quite nicely using mostly Paeiwonsky and Hoffman's money. That was our test case as we have explained to hi= guys in the past. We are in the process of costing a similar rehabi=itation to our AYH docks and some other upgrades — and additionally the =vailability of a federal infrastructure grant to supplement some of our money. This will be completed in around 6-= weeks. ATM is completing some engineering work and we want to get s=meone underwater to look at some of the structural pilings. We would=also like to see if we are getting higher rates on the new P-dock to see the extent of the ROI associated with the spend.&=bsp; There are some other upgrades/refurbishments on the land as well that=are being costed. We also needed to close our loan extension to make=sure this money was available. That just closed last week. The nuance here is that AYH's EDC benefits expir= at year end. I spoke to Darren Indyke yesterday about this and that=we now feel we have a viable path for getting around the IGY shareholder disclosures based on advice from a different law firm.=nbsp; I would have to step in as the disclosing party based on my role as =he primary manager of the business. Jeffrey would still be required =o make detailed financial disclosures and background disclosures (this is what I raised with Darren to determine if,=in particular, he was ok providing his tax returns to the EDA). Part=of a renewal application will have to include a 5-10 year capital plan tha= goes beyond life safety and refurbishment. This plan is aligned with what we are costing above. Once