<html><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div style="" class="" id="yiv7480577137"><div style="" class=""><div class="" style="color:#000;background-color:#fff;font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px;"><div style="" class="" id="yiv7480577137yui_3_16_0_7_1418178047420_4"><span style="" class="" id="yiv7480577137yui_3_16_0_7_1418178047420_230">The End-of-Month November Financial Report is attached. This will be included in the binders this weekend. <br style=""><br style="" class="">Revenue was down in November, but expenses were also kept down, resulting in a deficit in November of $2357. </span><span style="" class="" id="yiv7480577137yui_3_16_0_7_1418178047420_230">The actual reserve is at $21,634, which is below the reserve target of $56,499. Cash will remain tight this
month due to licensing fees for Razors Edge ($12,5k), real estate taxes ($4.4k), and LP News ($8.5k).<br></span></div><div class="" id="yiv7480577137yui_3_16_0_7_1418178047420_232" style="color:rgb(0, 0, 0);font-size:16px;font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;background-color:transparent;font-style:normal;"><br style="" class="" clear="none"><span style="" class="" id="yiv7480577137yui_3_16_0_7_1418178047420_230"></span></div><div class="" id="yiv7480577137yui_3_16_0_7_1418178047420_235" style="color:rgb(0, 0, 0);font-size:16px;font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;background-color:transparent;font-style:normal;"><span style="" class="" id="yiv7480577137yui_3_16_0_7_1418178047420_230">Tim Hagan<br><br style="" class="" id="yiv7480577137yui_3_16_0_1_1418178047420_65243" clear="none"></span></div><div style="" class=""
id="yiv7480577137yui_3_16_0_7_1418178047420_221"></div><div style="" class="" id="yiv7480577137yqtfd79115"> </div></div></div></div></div></body></html>