<table><tr><th>From:</th><th>Joe Avantario</th></tr><tr><td>Sent:</td><td>Saturday, June 4, 2016 3:29 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Cc:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>Re: gaoming commision report.</td></tr></table>

3/31fmv is based upon undiscounted latest fmv estimate. I beli=ve this was one of the last round of consistency adjustments from 12=31.15

On Jun 4, 2016, at 11:19 AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacat=on@gmail.com» wrote:

so the plane went UP in market value??!!

On Sat, Jun 4, 2016 at 11:01 AM, Joe Avantario

wrote:

Jeffrey,

The excerpt you have attached below i= from the Schedule H of gaming commission filing from 9.30.15 file, not fr=m the current 3.31.16 report file you received last evening.

Schedule H from the 3.31.16 Gaming co=mission filing is in fact consistent with the 2016 cash flow I sent you th=s week. It has the fmv of the plane and boat at $14mm and $15.175mm, respectively which are consistent with the numbers=in the cash flow. The plane fmv of $14mm is referenced on SCH H of the 201= cash flow file and the boat fmv of 15.175mm is on SCH E of the same file.=u>

Let me know if you have any additiona= questions,

Joe

To: Melanie S <u>inella</u>

Joe Avantario

Subject: gaoming commision report.

<image002.png><=r>

PLease review  current market value of boat. an= plane.    they dont even match the recent cash flow
done l=st week , and the boat is wayyyy  off.!!!  &nb=p;   this continues to be silly

--

       please no=e

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof,