<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Monday, October 30, 2017 4:49 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Apple Stock</td></tr></table>

you spoke last month about maybe taking =rofits in apple... i do not yet have a draft =f 2016 tax return however capital loss carry forwards at 12/31/2015 was =pproximately 35mm projected capital gains for 2016 =mm and 2017 approximately 9mm so 23mm should remain

approx 9m 2017 capital =ains includes the the sale of 100,000 apple at 143.50 (4.8mm =ain)

<table><tr><th>Purchase</th><th>Quantity</th><th></th><th>10/30/17</th><th>Unrealized</th><th></th></tr><tr><td>Asset Description</td><td>Date</td><td>Cost</td><td>Value @ =66.53</td><td>Gain</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Apple Inc</td><td>9/5/14 64,000</td><td>6,332,800</td><td>10,657,920</td><td>4,325,120</td><td></td></tr><tr><td>Apple Inc</td><td>1/11/16</td><td>250,000</td><td>24,750,006</td><td>41,632,500</td><td>16,882,494</td></tr><tr><td></td><td>314,000</td><td>31,082,806</td><td>52,290,420</td><td>21,207,614</td><td></td></tr></table>

Richard Kahn
HBRK Associates Inc.
575 =exington Avenue 4th Floor
New York, NY 10022
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