<table><tr><th>From:</th><th>Richard Kahn &lt;</th><th>m&gt; </th></tr><tr><td>Sent:</td><td>Friday, September 25, 2015 4:21 PM</td><td></td></tr><tr><td>To:</td><td>Jeffrey E.</td><td></td></tr><tr><td>Subject:</td><td>Barge</td><td></td></tr></table>

Just spoke with Gene from Subbase regarding outstanding =nvoices:

balance =ue per original 260,000 invoice 58,843

balance due on unpaid 8,000 =ngine work = 8,000 Island Rigging Invoice = materials & oil disposal 2,670 Island Rigging Invoice - labor =/span> 4,123 =/span> Subbase - additional labor & fuel =isposal invoice = 3,518 =/span>

Total = =/span>77,154

I told Gene that we =anted to do a 10% holdback as we have done in all of our previous =onstruction contracts. He said that this is the =irst time he is hearing of this and cannot do this in the last hour. =nbsp;lf we mentioned before work began he would have =onsidered.

Regarding invoices above i told him 58,843 and 8,000 were as =riginally agreed to and we were ok to pay. I told =im that when we agreed to 260,000 he specifically said that he would =ot nickel and dime us on small stuff and that i =elieved invoices for Island Rigging (2,670 & 4,123) and Subbase =,518 felt like we were being nickeled and dimed after almost =60,000 in work with him. He strongly =isagreed and went on with all the extra work he did. I told him =hat i would like to pay him 58,843 and 8,000 today and we would revisit = other small charges totaling 10,311on =onday. I think at best i can get him to agree to 50% of 10,311 as =e is being very firm. He also said he stands by all his work that =e just completed.

Gene will release boat this afternoon to Bosco if we pay =6,843

Please advise =f ok to pay 66,843
Thank you

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