<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Tuesday, September 20, 2016 6:08 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>GSJ bids</td></tr></table>

lets discuss later
thanks

Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
tel

fax-cell =-

Begin forwarded message:

From: =/b>Hugo Hodge <████████████████████>

Subject: =/b>Re:

Date: =/b>September 20, 2016 at 11:52:47 =M EDT

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

The 3rd bidder, =konite, was too high.

The Prysmian bid was FOB Norway and the costs to get it to =iami will eat up any savings we see on the surface.

On Tue, =ep 20, 2016 at 11:40 AM, Richard Kahn
cmailto > wrote:

Thank you. Yes still in meeting. What about =rd bidder. Why key rite when costs are 30 percent higher.

Sent from my iPhone

On Sep 20, 2016, at 11:32 =M, Hugo Hodge
<mailto » > wrote:

Good morning Mr. Kahn,

Hopefully you are still =eeting with Mr. Epstein.

In General....

Prysmian:

Delivery:

* Delivery 20 Weeks =in
* Ex Works =orway

Price:

2/0 =625,252.10 or $33.25 per foot

• 4/0 $716,3745 or $38.10 per foot

• Reel Charges Non =efundable

	- Reel #1 =88,860.00

	- Reel# 2 =44,430.00

	- FOB Miami Not =ncluded

Insulation:
* 165 =ils Min/205 Mils Max

Armor:

* Galvanized Steel Wires bitumen =oated

Experience:

* Excellent in Europe

	- Marginal in =SA

Kerite:
Delivery:
* Delivery 16 Weeks =in 20 Weeks Max
* FCA =iami

Price:
* 2/0 $992,574.20 or $52.79650 per =oot
* 4/0 =1,104,124.00 or $58.730 per foot
* Reel Charges 100% Refundable =nbsp;See terms

## Reel #1 =100,000.00 per reel

Note: I requested a cost =or 100% insulation from Kerite.

Insulation:

• 220 Mils

Armor:

• Jacketed (45 Mil Black HDPE) Galvanized Steel =ire

Experience:

* Excellent in USA

	- Min in =urope

I =ecommend going with Kerite Cable, 2/0 cable appears to be sufficient =or this project. This summary only lists the differences in the two =ids. The other portions of the designs are similar and acceptable. I =ecommend that we get a cost from Kerite to Ship the Cables on a Barge =ith Reels and Rigging from Miami and also another cost to install the =able.

On the other matter, I have confirmed that smart metering =xists for L.S1 and will be utilized for GSJ. I still owe you a review of =he account and will do that in short order.

Best,

HH

On Tue, =ep 20, 2016 at 10:08 AM, Richard Kahn
<mailtola > wrote:

can also update me on =mart metering for LSJ and GSJ as we previously discussed thank you

Richard Kahn
HBRK Associates Inc.
575 Lexington Avenue 4th Floor, New York, NY 10022
Contact information (telephone, fax, cell) are blacked out.

## Reel #1 =100,000.00 per reel (cont.)

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