<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Friday, June 3, 2016 12:44 PM
Richard Kahn</td></tr><tr><td>Subject:</td><td>Re: 124 Parc Monceau</td></tr></table>

steve can argualble take a bad debt deduction for most of =t. . ?

On Fri, Jun 3, 2016 at 8:37 AM, Richard Kahn ████████████████████████████████████████████████
██████████████████████████████████████ wrote:

0 as Steve believes his estate is in debt St=ve mentioned that Moens put a claim into Paul's sister for 60,000 =s Paul owes Moens money as well

<iv style="font-family:Calibri;font-size:11pt;text-align:left;color:black=BORDER-BOTTOM:medium none;BORDER-LEFT:medium none;PADDING-BOTTOM:0in;PADDIG-LEFT:0in;PADDING-RIGHT:0in;BORDER-TOP:#b5c4df 1pt solid;BORDER-RIGHT:medium none;PADDING-TOP:3pt">From: Je=frey Epstein <richardkahn12@gmail.com <mailto:jeevacation@gmail.com> > wrote:

i spoke with S=eve last week and again today about what amount he believes is fair that h= should receive back in this deal. attached schedule shows that stev= invested 408,000 and loaned 40,000 to paul which was used for 124 parc so=his total invested is approximately 448,000 (subject to final thorough rev=ew). steve understands that per agreement he is entitled to SO. Q=A0after some back and forth steve proposed that of the approximately 300,0=0 remaining in this deal after all bills are paid he receive 180,000 and j=e receives 120,000. steve said that he is comfortable with whatever =ecision you make and was a gentleman on the phone.

please advise

=div>thank you

Richa=d Kahn

Richa=d Kahn
HBRK Associates Inc.
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Be=in forwarded message:

| <=>From: Stephen Alexander ████████████

<iv style="margin-top:0px;margin-right:0px;margin-bottom:0px;margin-left:=px">Subject: 124 Parc

Monceau

Date: May 9, 2016 at 12:12:=4 PM EDT

Email details:

*   To: Richard Kahn
*   Reply-To: Stephen Alexander

The checking account current bal=nce is $4,729.18 and we are due a credit of $67.85 from the City of West P=lm Beach for water/sewer. It will be mailed to me and I will deposit it in=the account. I think all other bills have been paid.

Please see atta=hed the accounting of my deposits into the 124 Parc Monceau, LLC account.=C24, I included the $40,000.00 I loaned to Paul. When you examine t=e bank records you will see I made all deposits except for a few in 2013. = think the $9,000.00 deposit made on 12-11-2013 is also mine and I am tryi=g to determine from what personal account I made the deposit. That would i=crease my total investment by $9,000.00 as it is not included in my list.<=pan>

Interestingly, Charlie Barnett found photocopies of the check reg=ster among Paul's papers. No actual checkbooks or registers have surfa=ed. The register shows I made a December deposit but the amount & date=are not listed (I think this is the $9,000.00 deposit). Paul listed himsel= as the source for only the following:

=br>

10-22-2013 20,000.00</=pan>
11-03-2103 5,000.00</=pan>
11-03-2013 5,000.00</=pan>

Step=en R. Alexander, Psy.D.

Clinical & Forensic Psychology

</=iv>

<=div>

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