EFTA00836031.txt

"From: "Jeffrey E." <[email protected]> To: Richard Kahn"

"From: Richard Kahn [mailto: Sent: Wednesday, January 20, 2016 9:30 AM To: Lande, Mark"

"Mark Lande, Esq. General Counsel Island Global Yachting Ltd."

"From: "Lande, Mark" Subject: RE: 9.15 Reporting - American Yacht Harbor Date: January 20. 2016 To: Richard Kahn"

"The Company obtained a $15,300,000 loan facility from a bank on August 23, 2007."

"It is the property of JEE... notify us immediately by return e-mail or by e-mail to [email protected]"

"Richard Kahn HBRK Associates Inc."

"IGY is in favor of option 2 and the lender has commissioned an appraisal"