<table><tr><th>From:</th><th>John Christensen</th></tr><tr><td>Sent:</td><td>Wednesday, February 1, 2017 7:42 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: School update</td></tr></table>

Sounds good, will call you when I get back

Sent from my iPhone

On Feb 2, 2017, at 6:21 AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com» wrote:

sorry to hear , but lets talk next week

On Wed, Feb 1, 2017 at 2:20 PM, John Christensen

vrote:

## Jeffrey,

I wanted to update you on my school project. While I was on the island for my consulting visit, I heard rumors about two pieces of information. Starkey's school in Denver being sold to a Pennsylvania based billionaire investor who wants to expand the school to more locations.

The same week, a new school opened in Tennessee, a complete copy of Rob's and my concept. I've since had the information confirmed.

It's not that we fear competition, but given the relative small market, we have decided to mothball the project for now and maybe see where things stand in a year or two.

This means that I'm totally free to do other projects, consulting or full time employment.

If you want me to go back to LSJ for a follow up visit, I have time between Feb 12th and 23rd before flying back to UAE.

Thanks

John

Sent from my iPhone

--

please note

## Jeffrey, (cont.)

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