<table><tr><th>From:</th><th>Jide Zeitlin</th></tr><tr><td>Sent:
To:</td><td>Saturday, May 5, 2018 5:56 PM
jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

Yes. Just hung up with our mutual friend having discussed this topic. He agrees with your view that a full divestiture may be required.

The challenge is structuring the option in such away that it does not make me appear to be a strawman--legally or simply in terms of political perception given the mid-terms.

On May 5, 2018, at 13:44, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com» wrote:

https://www.rferl.org/a/us-treasury-provides-way-three-russian-companies-gaz-rusal-en-plus-avoid-us-sanctions-mnuchin/29203690.html

he divests of all. take a note interest to mirror return minus . option to buy back in 5 years if sanctions have been lifted . otherwise another 3 then another 2. .. treasury would need to opine on intial transaction. . the lack of control shoudl give treasury comfort. must not run afoul of financing rules.

please note

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