Susan Nicosia From: Sent-:- To: Cc: Subject: Jerry Comments below in red. Regards, Andy Tech manski CEO Whitefish Energy Holdings, LLC Mobile: 406-471-4668 Andy Techmanski Tuesday, December 13, 2016 5:58 PM Jerry Meerkatz Re: Congressman Z'inke's Representative From: Jerry Meerkatz Sent: Tuesday, December 13,, 2016 5:08 PM To: Andy Techmans?k'i Cc: Subject: RE: Congressman Zinke's Representative Hi Andy, Just a couple I know you have been asked for financials but what keeps coming up (and will continue during the discussions i believe) is how WEH is going to mitigate the concerns about its own balance sheet. I believe this needs to be creatively addressed by you and your majority holders. Otherwise, it seems thiswill continue to be an impediment for investment on the order side as well as the build out. i agree. Comtrafos balance sheet is far more attractive than WEH. However ours is getting stronger every day. We will have to be creative at showing a combined value between the companies. When we get to February this wili not be an issue as our backlog will be healthy. I also believe that the size ofthe investment needs to somehow match the backlog/opportunity/timing, etc. Meaning that we definitely need to talk a phased approach. This has always been a scalabie investment that will phase in over time. The that the news reported as being enough to justify the investment is not exactly true. wili validate 1 the market and move things to the next phase, of which we will start architecture and construction costing, as well as securing long term financing, but a factory of even 250 employees will require upwards of in revenue to support operations. At things will be trending for us to get very serious, and sit-art hiring sales and engineering staff. Jerry From: Andy T'echmansk?l Sent: Tuesday, December 13, 2016 11:23 AM To: Jerry Meerkatz Subject: Re: Congressman Zlnke?s Representative Senator Testers local guyjust called and he is also in for the meeting. lam meeting him 1/4/17 in WF. Maybe we can circle the wagons for the group meeting on the 5th? Might be a bit optimistic Regards, Andy Techmanski Sent from my iPhone On Dec 13, 2016, at 10:24 AM, Jerry Meerkat?z wrote: Perfect! From: Andy Techmanski Sent: Tuesday, December 13,. 2016 9:36 AM To: Jerry Meerkatz Subject: Fwd: Congressman Zinke's Representative We have the congressmans man with us for any meetings. Regards Andy Techmanski Sent from my iPhone Begin forwarded message: From: "Fuller, John" Date: December 13, 2016 at 9:32:58 AM MST To: Subject: Congressman: Zinke's Representative Dear Mr. Techmanksi, lam Congressman Zinke?s Northwest Montana Field Director. ijust read in this morning?s Flathead Beacon the cover story about your pro posai'for building a facility at the old C.F.A.C. site. And then laterthis morning I received an email from Congressman Zinke- requesting i contact you and participate. in any meetings to represent his support for your efforts. Consequently, lam at your disposal. Please feel free to contact me at any time. Sincerely, John Fuller Northwest Montana Field Director Congressman Ryan Zinke (406) 223-8532