<table><tr><th>From:</th><th>Brad Wechsler &lt;</th></tr><tr><td>Sent:</td><td>Wednesday, November 26, 2014 2:04 PM</td></tr><tr><td>To:</td><td></td></tr><tr><td>Cc:</td><td>'jeevacation@gmail.com'</td></tr><tr><td>Subject:</td><td>Follow-up</td></tr></table>

Rich-thx for the catch-up yesterday. A couple of things:

1. Did you get any written materials/projections from Regan Arts' cfo? If s=, how reasonable do we think they are or is it premature to say. I will ge= into this with you upon my return. Also, if you can help develop the proj=ctions without our antagonizing Judy (my job) that wld be great. As you p=obably know this is something jeffrey and I want to focus on.

2. As we discussed, on information requested by jeffrey no need to copy any=ne unless jeffrey signs off. If you feel someone shld be in the loop who i=n't let jeffrey know.

3. If we haven't already, we need to nail down the cost basis of the timber=investment as we plan to dispose of it soon.

Thanks and feel free to reach out with any questions. Really appreciated so=e of your insights yesterday. Best, b

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