It's the entry in which Jay goes to the red tower and finds the tape.
However, actually it wasn't Troy climbing up the ladder, but Joseph.
Don't believe me? Pff. I have prove (and no life), bitch! :You can see on the metal box that the person filming wears something light blue.
Jay wears a black top. (look at the sleeve)
Also, you can see that the thumb of the one filming up the ladder:
Is not the same as the one out of the tower when Jay examines the box:
(just compare the shape; it's not the same.)
You may ask: "Why didn't Troy climb up the ladder? :oo"
It's easy: Troy-sama is afraid of Haight's.;DDD
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About Stone Bees [a Marble Hornets Fan Book]
RandomA fan book for Marble Hornets! Contains stupid things, Brim, a stick in the mud, the loop of unhappiness, probably gay shit and Alex, the douchebag. Oh, and maybe everything else from Marble Hornets! Edit: many short stories at the later chapters...