EFTA01122372Set 9
2006-09-1433p12,144w
operationally
managed by SRM.
On September 15, 2006, Island Global Yachting Facilities Ltd. ("IGY Facilities") and Island
Global Yachting Services Ltd. ("IGY Services") executed a Purchase, Sale and Contribution
Agreement ... Mill Marina).
The closing of the Transaction is subject to, among other things, IGY's completion of its
due diligence and the Principals obtaining all required third party consents ... adjustments
(the "Arairran,sartioe). The AYH Transaction is subject to, among other things, IGY
having completed its due diligence no later than November 30, 2006 (which it has done
https://www.justice.gov/epstein/files/DataSet%209/EFTA01122372.pdf
EFTA01122423Set 9
2006-09-1433p11,321w
www.islecap.com
EFTA01122424
I SLAND
aLOBAL
- YACHTING
I. EXECUTIVE SUMMARY
Island Global Yachting Ltd. ("IGY") is seeking investment committee approval and
ratification of a proposed transaction (the "Transaction") with Sun Resorts ... investment entities are operationally
managed by SRM.
As part of the Transaction, IGY would intend to purchase investment interests in 8 of the
11 marinas comprising the SRI Asset Portfolio ... each other on Canyon
Lake, Texas (Canyon Lake Marina and Crane's Mill Marina). IGY has elected not to
purchase VIP Marina in Lake Travis, Texas due to its potential
https://www.justice.gov/epstein/files/DataSet%209/EFTA01122423.pdf
EFTA00803859Set 9
2015-11-2558p15,096w
Integra Realty Resources
Caribbean
Appraisal of Going Concern
IGY American Yacht Harbor Marina
Mixed Use Property
18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East ... Puerto Rico
PO Box 362708
San Juan, PR 00936-2708
SUBJECT: Market Value Appraisal
IGY American Yacht Harbor Marina
18A-1, 18-B1,18-B and 18-W Remainder Estate ... Salient Facts and Conclusions 1
Summary of Salient Facts and Conclusions
Property Name IGY American Yacht Harbor Marina
Address 18A-1, 1841,18.8 and 18-W Remainder Estate Smith
https://www.justice.gov/epstein/files/DataSet%209/EFTA00803859.pdf
EFTA01123586Set 9
2013-05-023p1,810w
explained to us was that, with respect to the equity
investment in AYH, both IGY and Mr. Epstein would be pariparsu on total actual costs incurred ... price reconciliation schedule. This schedule sets forth in detail the
actual cash spent by IGY on AYH. It is this cost buildup which formed the basis of the business arrangement ... purchase agreement.
1) Related Party Interest Expense incurred by AYH and paid to IGY for the period between
May 29, 2007 (the "Epstein Acquisition Date") and August
https://www.justice.gov/epstein/files/DataSet%209/EFTA01123586.pdf
EFTA01074554Set 9
2008-12-3144p15,960w
Description of Business and Organization
Island Global Yachting Ltd. (IGY or the Company), a Cayman Islands exempted company, was formed as
a subsidiary of Island Global Yachting L.P. (IGY1 ... IGY3, and IGY4 is a holder of Class B Shares (as defined below) in IGY.
As of December 31, 2008 and 2007, IGY1 held 12,000,000 Class A (voting ... nonvoting) shares (Class B Shares) outstanding as of
December 31, 2008 and 2007, respectively.
IGY conducts its business primarily through its subsidiaries, Island Global Yachting Services Ltd. (IGYS)
and Island
https://www.justice.gov/epstein/files/DataSet%209/EFTA01074554.pdf
Transaction: Jeffrey Epstein, either directly or through an affiliated entity
("Epstein"), would invest in IGY — AYH St. Thomas Holdings, LLC
("IGY-AYH"), a USVI limited liability company that acquired ... properties constituting American Yacht Harbor in St. Thomas, USVI
(the "Provertv"). IGY-AYH is an indirect, wholly owned subsidiary
of Island Global Yachting Ltd. (Val"). The investment described
herein ... Proposed Transaction."
Passive Interest: Epstein would acquire a 50% passive interest in IGY-AYH (the
"Faulty Interest").
Purchase Price: At the closing of the Proposed Transaction, Epstein would
https://www.justice.gov/epstein/files/DataSet%209/EFTA01084557.pdf
EFTA01084507Set 9
2006-12-0649p19,072w
AMENDED AND RESTATED LIMITED LIABILITY
COMPANY AGREEMENT
OF
IGY-AYH ST. THOMAS HOLDINGS, LLC
dated as of May? z% 2007
among
IGY-AYH ST. THOMAS HOLDINGS, LLC,
ISLAND GLOBAL YACHTING ... SECTION 11.04. Advancement of Expenses 20
ARTICLE XII OTHER AGREEMENTS 20
SECTION 12.01. IGYS Services and Fees 20
SECTION 12.02. Further Assurances 21
ARTICLE XIII MISCELLANEOUS 21
SECTION 13.01. Notices ... Exhibit A The Site
iii
EFTA01084510
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT
OF
IGY-AYH ST. THOMAS HOLDINGS, LLC
AMENDED AND RESTATED LIMITED LIABILITY COMPANY
AGREEMENT of IGY
https://www.justice.gov/epstein/files/DataSet%209/EFTA01084507.pdf
EFTA01078597Set 9
2015-12-3117p4,928w
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company)
Financial Statements
for the years ended December 31, 2015 and 2014
(With Independent Auditor's Report Thereon)
EFTA01078597
Contents
Pages ... accounipag firm
COLUMBIA • GREENVILLE
Independent Auditor's Report
The Members
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company):
We have audited the accompanying financial statements of IGY ... statements referred to above present fairly, in all material respects,
the financial position of IGY-AYH St. Thomas Holdings, LLC as of December 31, 2015 and
2014, and the results
https://www.justice.gov/epstein/files/DataSet%209/EFTA01078597.pdf
EFTA01078055Set 9
2014-12-3116p4,646w
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company)
Financial Statements
for the years ended December 31, 2014 and 2013
(With Independent Auditor's Report Thereon)
EFTA01078055
Contents
Pages ... aCOMPANY
• not join gr mounting firm
COLUMBIA • GREENVILLE
Independent Auditor's Report
The Members
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company):
We have audited the accompanying financial ... statements of IGY-AYH St. Thomas Holdings,
LLC (the "Company"), which comprise the balance sheets as of December 31, 2014 and 2013,
and the related statements of operations, changes
https://www.justice.gov/epstein/files/DataSet%209/EFTA01078055.pdf
EFTA01074451Set 9
2007-12-3116p4,271w
IGY-AYH ST. THOMAS HOLDINGS, LLC
(A Limited Liability Company)
Financial Statements
December 31, 2007
(With Independent Auditors' Report Thereon)
EFTA01074451
IGY•AYH ST. THOMAS HOLDINGS, LLC
(A Limited Liability ... Suite 900
55 Beanie Place
Greenville. SC 29601-2106
Independent Auditors' Report
The Members
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company):
We have audited the accompanying balance ... sheet of IGY-AYH St. Thomas Holdings, LLC (the Company)
as of December 31, 2007, and the related statements of operations, changes in members' equity and cash
flows
https://www.justice.gov/epstein/files/DataSet%209/EFTA01074451.pdf
EFTA00611194Set 9
2007-12-3112p3,719w
IGY-AYH ST. THOMAS HOLDINGS, LLC
(A Limited Liability Company)
Financial Statements
December 31, 2007
(With Independent Auditors' Report Thereon)
EFTA00611194
IGY•AYH ST. THOMAS HOLDINGS, LLC
(A Limited Liability ... Cash Flows 5
Notes to Financial Statements 6
EFTA00611195
Independent Auditors' Report
The Members
IGY-AYH St. Thomas Holdings, LLC
(A Limited Liability Company):
We have audited the accompanying balance ... sheet of IGY-AYH St. Thomas Holdings, LLC (the Company)
as of December 31, 2007, and the related statements of operations, changes in members' equity and cash
flows
https://www.justice.gov/epstein/files/DataSet%209/EFTA00611194.pdf
EFTA01119813Set 9
2008-07-315p1,655w
annually in net operating income to AYH.
As part of this transaction, IGY has retained James Casner, Esq., of Stryker, Duensing, Casner &
Dollison to assign and transfer the existing Coastal ... Zone Management (CZM) permits to IGY-
AYH St. Thomas Holdings, LLC, the new entity that will own the AYH assets. An application
for this transfer and assignment, signed by both ... IGY, was submitted to CZM on
December 13, 2006 and is awaiting review and approval to be granted. A hearing at CZM is
scheduled for January 12, 2007 regarding this
https://www.justice.gov/epstein/files/DataSet%209/EFTA01119813.pdf
EFTA00803921Set 9
2010-09-1410p3,751w
POPULAR R St. Thomas. VI 00801-8580
October 30. 2015
Mr. Thomas Mukomal
President
IGY-AYH St. Thomas Holdings, LLC
717 5th Avenue 18th Floor
New York, New York ... Seventy Nine Thousand Two Hundred and
00/100 Dollars ($12,979,200.00) (the "Loan"), to IGY-AYH St. Thomas Holdings, LLC., (the 'Borrower"). The
Loan shall be advanced on the terms ... Term: Seven (7) years, based on a twenty five (25) year amortization schedule.
EFTA00803921
IGY - AYH ST. THOMAS HOLDINGS, LLC.
PAGE 2
Repayment Schedule:
The loan shall be repaid
https://www.justice.gov/epstein/files/DataSet%209/EFTA00803921.pdf
EFTA00615081Set 9
2010-09-1410p3,739w
POPULAR R St. Thomas. VI 00801-8580
October 30. 2015
Mr. Thomas Mukomal
President
IGY-AYH St. Thomas Holdings, LLC
717 5th Avenue 18th Floor
New York, New York ... Seventy Nine Thousand Two Hundred and
00/100 Dollars ($12,979,200.00) (the "Loan"), to IGY-AYH St. Thomas Holdings, LLC., (the 'Borrower"). The
Loan shall be advanced on the terms ... Term: Seven (7) years, based on a twenty five (25) year amortization schedule.
EFTA00615081
IGY - AYH ST. THOMAS HOLDINGS, LLC.
PAGE 2
Repayment Schedule:
The loan shall be repaid
https://www.justice.gov/epstein/files/DataSet%209/EFTA00615081.pdf
EFTA01119785Set 9
2001-08-145p2,267w
interests as a promoted interest. In addition to the interests acquired
through MOF 111, IGY Facilities would acquire a 1.51% "Class A" limited partner interest in
MOF Simpson Bay held ... Olzewski. IGY would acquire the Principal Interests based on an
asset valuation of $10 million, which is equal to the amount contemplated by the Purchase
Agreement.
Control Rights
The partnership ... price of $314 per square meter.
Based on current property values in the area, IGY conservatively estimates this property to be
worth $1,014,750 at $750 per square meter
https://www.justice.gov/epstein/files/DataSet%209/EFTA01119785.pdf
EFTA00657267Set 9
2013-04-264p1,563w
reflected whatever the negotiated agreement
was. Audits were conducted annually and delivered to everyone. IGY is the partner, not me personally. As far as document
access is concerned, I will ... documents reflect, and it was all done in the bright light of day by IGY's
representatives and your representatives. I believe that is the truth.
IGY is owned ... barely solvent and we
have been struggling to keep it together. A company called IGY Directives, owned by Island Capital, is the managing
member of IGY
https://www.justice.gov/epstein/files/DataSet%209/EFTA00657267.pdf
EFTA01973624Set 10
2013-04-266p1,805w
reflected whatever the negotiated agreement was. Audits were conducted annually
and delivered to everyone. IGY is the partner, not me personally. As far as document access is
concerned, I will ... documents reflect, and it was
all done in the bright light of day by IGY's representatives and your representatives. I believe that is
the truth.
IGY is owned ... barely solvent and we have been struggling to keep it together. A company called
IGY Directives, owned by Island Capital, is the managing member of IGY
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01973624.pdf
EFTA00583477Set 9
2007-05-2913p4,458w
Furless"}„ Island Global Yachting Facilities Ltd., a Cayman Islands exempted company
("IGYF"), and IGY-AYH St. Thomas Holdings, LLC, a U.S. Virgin Islands limited liability
company ("AYH", and together with ... Agreement that provides,
and AYH shall cause Island Global Yachting Services Ltd. ("IGYS") to enter into an amendment
to the Management Agreement by and between AYH and IGYS dated ... Management Agreement") which will provide, that: (a) the compensation payable to the
IGYS Service Provider (as defined in the LLC Agreement) under Section 12.01(a)(ii) of the LLC
Agreement
https://www.justice.gov/epstein/files/DataSet%209/EFTA00583477.pdf
EFTA02353458Set 11
2013-05-282p731w
Brennan
Sent: Tuesday, Ma= 28, 2013 4:23 PM
Subject:<=B>
Island Global Yachting (IGY), one of the world's premier owner=, developers and managers of luxury marinas and
yachting ... bring the marinas of Sun Resorts Internatio=al into the global collection of IGY," said Andrew
L. Farkas, CEO =f Island Global Yachting. "The strategic positioning of these prop=rties ... Islands, and on to St. Thomas=and always have the premier experience of an IGY marina."
IGY developments are not only enhancing and revitalizing their local
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02353458.pdf