<table><tr><th>From:</th><th>Richard Kahn</th></tr><tr><td>Sent:</td><td>Thursday, August 4, 2016 4:46 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>GS Bonds</td></tr></table>

sold all at Merrill at 81.75 and todays average for 1.5mm was =1.77 1,700,000 remain open at morgan stanley

Richard Kahn

HRDK Associates Inc.

Begin forwarded message:

From: =/b>"Minsky, Julie" <██████████████████████████>

Subject: =/b>all done

Date: =/b>August 4, 2016 at 12:06:32 PM =DT

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

You sold 1.5MM GC CAP II (B75E8) = 81.77

Julie Minsky
Senior Registered Client Associate

Team Darrah I Merrill Lynch Wealth Management The Park Avenue Office

Team Darrah =ebsite

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