From: Jeff Fuller [email protected]

To: Rich Kahn

Date: Nov 5, 2010 11:01 AM

Subject: MC2 credit line update

Rich,

I just wanted to get back to you on the LC. Our current balance is 5784k. We are going to make our best effort to make another 540k in payments by the end of the year. Prior to the renewal of the line next year I want to be in the $650 range and I would like to say that is a conservative estimate but am not comfortable doing so. Obviously by the end of 2011 I would like to be in the $450 range. But I am being cautious as we focus on the IRS issues and lock in Miami's payment plan which will probably be 10k per month at the absolute lowest and potentially as high 20k per month depending on the term length of payment plan and how much penalty abatement can be negotiated based on our embezzlement.

Best,

Jeff

Jeff Fuller

MC2 Model Management

1674 Alton Rd., Suite 500

Miami, FL 33139

MC2 credit line update

Rich Kahn

HBRK Associates Inc.

301 East 66th Street, Suite 10F

New York, NY 10065

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