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Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 1 of 7 ECF TRANSCRIPTION SHEET ANDREW J. PECK UNITED STATES MAGISTRATE JUDGE UNITED STATES DISTRICT COURT Southern District of New York United States Courthouse 500 Pearl Street, Room 1370 New York, N.Y. 10007-1312 Fax No.: (212) 805-7933 Telephone No.: (212) 805-0036 Dated: July 13. 2015 Total Number of Pages:7 MEMO ENDORSED: Beacon is free to distribute the Holdback funds. Copies by ECF to: All Counsel

Case 1:14-cv-02294-AJP Document 116 Filed 07/01/15 Page 1of1 MEMO ENDORSED1/13/X [hr..; (j~ ~ J ~ ~1/vJr7k ~cf bc:tj.- ~. so ORD RED: H USDCSDN, DOCUMENT ELECTRCNICALL y FILED DOC# \ \ Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 2 of 7 DATr. 'LED: j \5 \.5_. The Honorable Judge Andrew J. Peck United States Magistrate Judge United States Courthouse, Courtroom 20D 500 Pearl Street New York, NY 10007-1312 Akin Gump STRAUSS HAUER & FELD LLP MITCHELL P. HURLEY +1212.872.1011/fax: +1212.872.1002 mhurley@akingump.com s rate Judgt'C f 'f,(}oj W-rfJ July 1, 2015 4')-1 lr---1 BYECF Re: Beacon Associates, LLCI, et al, v. Beacon Associates Management Corp. Civil Case No: 14-cv-2294 (AJP) Dear Judge Peck: We represent AIJED International, Ltd. ("AIJED") in the above-captioned matter. As the Court knows, AIJED appealed the Court's order dated April 8, 2015 (ECF No. 91, the "April Order") to the Court of Appeals for the Second Circuit. On May 22, 2015, the Court entered a "Stay Order" temporarily preventing Beacon 1 from distributing the AIJED Holdback pursuant to the April Order, "[s]ubject to deposit by AIJED of$100,000... into an interest bearing escrow account." AIJED has since determined not to pursue its appeal, and filed a joint stipulation of dismissal with the Court of Appeals on June 25, 2015 (attached hereto as Exhibit A). Because AIJED has agreed to dismiss the appeal, and therefore has not deposited the Appeal Escrow, AIJED understands that no stay is in place, and that there is no further impediment to Beacon releasing and distributing the AIJED Holdback or any other amounts pursuant to the April Order. Should Your Honor have any questions or wish to confer regarding the issues described herein, we are available for a call at the Court's convenience. Mitchell P. Hurley 1 All defined terms used and note defined herein shall have the definitions given them in Beacon's letter to the Court dated January 23, 2015 (ECF No. 53) and the April Order. one Bryant Park I New York, New York 10036-67451212.872.1000 I fax: 212.872.1002 I akingump.com

Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 3 of 7 Case 1:14-cv-02294-AJP Document 116-1 Filed 07/01/15 Page 1of5 Exhibit A

Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 4 of 7 Case 1:14-cv-02294-AJP Document 116-1 Filed 07/01/15 Page 2 of 5 UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT BEACON ASSOCIATES LLC I, BEACON ASSOCIATES LLC II, ANDOVER ASSOCIATES LLC I, ANDOVER ASSOCIATES (QP) LLC, vs. BEACON ASSOCIATES MANAGEMENT CORP., ANDOVER ASSOCIATES MANAGEMENT CORP., INCOME PLUS INVESTMENT FUND, DAVID FASTENBERG, TRUSTEE, LONG ISLAND VITREO-RETINAL CONSULTANTS 401K FBO DAVID FASTENBERG, ET AL. No. 15-1157 JOINT STIPULATION TO DISMISS APPEAL Pursuant to Federal Rule of Appellate Procedure 42(b ), Appellant AIJED International Ltd. and Appellees Beacon Associates LLC I and II; Income Plus Investment Fund; and David Fastenberg, Trustee, Long Island Vitreo-Retinal Consultants 401K FBO David Fastenberg, et al. jointly move to voluntarily dismiss this appeal with prejudice. The parties have agreed that each party will bear its own expenses and costs. No fees are due.

Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 5 of 7 Case 1:14-cv-02294-AJP Document 116-1 Filed 07/01/15 Page 3 of 5 Respectfully submitted, June~, 2015 Arthur G. Jakoby HERRICK & FEINSTEIN 2 Park Ave. #21 New York, Attorneys for Beacon Associates LLC I and Beacon Associates LLC II Mite ell P AKIN GUMP TRAUSS HAUER! One Bryant Park New York, New York 10036 (212) 872-1000 (212) 872-1002 (facsimile) Attorneys for AIJED International, Ltd Brian Whiteley Carolyn A. Marcotte HISCOCK & BARCLAY One International Place, 14th Fl. Boston, MA 02110 Attorneys for Income Plus Investment Fund Max Folkenflik FOLKENFLIK & MCGERITY 1500 Broadway, 21st Floor New York, NY 10036 (212) 757-0400 (212) 757-2010 (facsimile) Attorneys for David Fastenberg, Trustee, Long Island Vitreo-Retinal Consultants 401K FBO David Fastenberg, et al

Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 6 of 7 Case 1:14-cv-02294-AJP Document 116-1 Filed 07/01/15 Page 4 of 5 Respectfully submitted, June a3, 2015 ljg,_ )Ji~ Arthur G. J ak()i;~ HERRICK & F~STEIN 2 Park Ave. #21 New York, Attorneys for Beacon Associates LLC I and Beacon Associates LLC II Mitchell P. Hurley AKIN GUMP STRAUSS HAUER & FELD LLP One Bryant Park New York, New York 10036 (212) 872-1000 (212) 872-1002 (facsimile) Attorneys for A/JED International, Ltd Br)an ele Care-ly. Marcotte HISCOCK & BARCLAY One International Place, 14 1 h Fl. Boston, MA 02110 Attorneys for Income Plus Investment Fund Max Folkenflik FOLKENFLIK & MCGERITY 1500 Broadway, 21st Floor New York, NY 10036 (212) 757-0400 (212) 757-2010 (facsimile) Attorneys for David Fastenberg, Trustee, Long Island Vitreo-Retinal Consultants 40/K FBO David Fastenberg, et al

Case 1:14-cv-02294-AJP Document 117 Filed 07/13/15 Page 7 of 7 Case 1:14-cv-02294-AJP Document 116-1 Filed 07/01/15 Page 5 of 5 Respectfully submitted, June_, 2015 Arthur G. Jakoby H.ERRJCK & FEINSTEIN 2 Park Ave. #21 New York, Attorneys for Beacon Associates LLC I and Beacon Associates LLC II Mitchell P. Hurley AKIN GUMP STRAUSS HAUER & FELD LLP One Bryant Park New York, New York 10036 (212) 872-1000 (212) 872-1002 (facsimile) Attorneys for Al.JED International, Ltd Brian Whiteley Carolyn A. Marcotte HISCOCK & BARCLAY One International Place, 14th Fl. Boston, MA 02110 Attorneys for Income Plus Investment Fund ~?Jlt' f OLKENFLIK. & MCGERITY 1500 Broadway, 21 51 Floor New York, NY 10036 (212) 757-0400 (212) 757-2010 (facsimile) Attorneys for David F astenberg, Trustee, Long Island Vitreo-Retinal Consultants 401K FBO David Fastenberg, et al

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