<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:
To:</td><td>Tuesday, December 5, 2017 6:32 PM
Jeffrey E.</td></tr><tr><td>Subject:</td><td>Fwd: Income tax payments due</td></tr></table>

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

Key information from the email:

*   **From:** Deborah Pechet Quinan
*   **Subject:** FW: Income tax payments due
*   **Date:** December 5, 2017, at 1:27:26 PM EST
*   **To:** Richard Kahn
*   **Cc:** Noam Chomsky, Valeria Chomsky

Dear =ichard,

Further =o my previous response to Nick's email, please let me know your =houghts regarding the discussed email to Max with the demand for tax =ayments, as it appears that we do not have an accurate figure =et.

In addition, Nick's suggestion that he =alculate a split for the payments between the IRA (to avoid penalties) =nd other resources (i.e. the marital trusts) seems reasonable to me but =ncurs taxable income for the IRA distribution, instead of paying the =lability 100% from the marital trusts. I think we can =etter assess his suggestion when we have some numbers to work with.

I look =orward to your thoughts and am available for another call today except =etween 2:00 and 3:00 this afternoon.

Deborah

| Field | Extracted content |
|---|---|
|Signature name & titles| [REDACTED] — Esq., LL.M.; Shareholder; Chair, Trusts & Estates group |
|Office address| 255 State Street, 7th Floor, Boston, MA 02109 |
|Website| www.riw.com |
|From| [REDACTED] (mailto: redacted) |
|Sent| Tuesday, December 05, 2017 — =:11 PM (visible encoding glitch) |
|To| [REDACTED] |
|Cc| [REDACTED]; [REDACTED]; [REDACTED] (several recipients; some names partially redacted in image) |
|Subject| RE: Income tax payments (=ue with encoding glitch) |
|Other notes| Large black redaction blocks over contact details; several text encoding artifacts (=:, =aleria).

Dear Deborah,

If I send you something today, it would be with the major =aveat that we don't have nearly enough information to calculate = Q4 payment with accuracy.

And more importantly, I've =uggested several times since August/September and as recently within =he past week, that I recommend that we make an additional IRA =istribution that is applied 100% to tax withholding. And I =mphasized that we need to do that before 12/31. Of course I =an't quantify the saving precisely, but it would save a =- figure federal underpayment penalty. A quarterly payment now =ould only "stop the clock" going forward on the penalty =alculation; but withholdings are deemed to be prorata throughout the =ear, hence no penalty and the hoped for cash savings.

We =on't have an estimate of their royalty incomes for 2017 (they =ere greater in 2016 than in 2015), Noam's income from teaching =n Arizona, etc, etc. Hopefully we will get some more information =hortly and we can update the projections.

I am not aware of any other significant =ources of cash to be able to make Q4 estimated payments. Noam =amp; Valeria, if you have some available cash that can be set =side to be applied as Q4 estimated payments so that we don't =ave to incur more taxable income with an IRA distribution, it would be =elpful. Let us know how much is available, and we can calculate =he ideal balance of IRA distribution (more taxable income) and other =esources (without additional taxable income).

Do you =now if the accounts have moved from Bainco yet? The last we knew =n September, they had not. If not we will want to coordinate the =ax payment/distribution with Bainco.

Thanks,
Nick

From: Deborah Pechet Quinan █████████████████████
Sent: Tuesday, December 5, 2017 =2:27 PM
To: Nick Nichols <████████████████████████

:Richard Kahn

Subject: Income tax payments due
Importance: High

Dear Nick,

Could you please send me, at your very earliest convenience, =he estimated tax vouchers and payment amounts for Noam and Valeria, for =he tax payments that are currently due?

Best,

Deborah

Deborah Pechet Quinan, Esq. LL.M.

Shareholder

Chair, Trusts & Estates =roup

255 State Street, 7th Floor I Boston, MA 02109

I www.riw.com I BIO

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