<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Friday, November 10, 2017 8:00 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Boothbay</td></tr></table>

please advise on amount going from existing boothbay to =nhanced 7mm or 7.5mm also confirming remainder will stay =n boothbay

i will draft redemption letter stating that we will postpone =ur dec 31 2017 withdrawal to january 31 2018 to be paid by Feb ?? =nbsp;2018

please advise on 7 vs 7.5mm and date in Feb 2018 we want 10mm =eturned thank you

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

From: =/b>Ari Glass <██████████████████>

Date: =/b>November 10, 2017 at 2:40:29 PM =ST

To: =/b>Richard Kahn <██████████████████>

Richard

I'l= get you something to document our conversation next week. In short, =lease confirm whether the movement to the enhanced was 7 or 7.5 (you =eard two different amounts).

And the other letter will be from you =o us (you can let me know who will actually sign it or just put it on =our letterhead, ) in which you agree that after discussions with us you =ill be amending / postponing your redemption from the flagship fund to =ow state that you will be taking out $10m effective Jan 31 2017 and =hat you are aware that this

means that that capital will be subject to =he regular risk and reward of its share of fund performance for the =onth of January.

Have a good weekend.
Best
ari

Ari Glass
Boothbay Management
Managing Member
810 7th Ave
Suite 615
New York, NY 10019
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