<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Thursday, May 12, 2016 8:27 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>GS bond</td></tr></table>

we bought $3,000,000 of bond today at 74.25

STC 1,500,000 at Morgan Stanley
STC 1,500,000 at Merrill

Richard Kahn

HBRK Associates Inc.

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