<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, September 14, 2016 11:32 AM</td></tr><tr><td>To:</td><td>William Blum; Erika Kellerhals</td></tr><tr><td>Subject:</td><td>Re: Virgin Islands Financial Services Improvement and Corporate Modernization Act</td></tr></table>

can we speak today?

On Tue, Sep 13, 2016 at 7:21 PM, William Blum =span dir="ltr"><blackened out></span> wrote:

Not yet. I am wai=ing on input from Peter and Barry on both of those issues, especially the =xit tax. We need to understand, fairly precisely, how Apple/Mi=rosoft, et al. are being taxed in Ireland in order to try to replicate tha=, if we can, in the VI. They have promised some input from contacts =ho may know those types of details.

Bill

William Blum I Partner

SOLOMON=BLUM HEYMANN LLP =A0 =C2
<=pan style="font-size:7.5pt;font-family:"Verdana","sans-se-if";color:#0d0d0d">40 Wall Street, 35th floor
New York, NY 10005</=pan>

Tel

=ax

On Tue, Sep 13, 2016 at 6:55 PM, William Blum «tel:212.267.2030>
<mailto: > wrote:<=u>

Dear Jeff —</=>

Her= is what I am going to call the "First Draft" of the legis=ation. It is a cleaned up version of what I sent you Friday and it h=s both (minor) substantive differences and formatting/renumbering changes,=etc. It also has a four-page explanation section at the end that rev=ews the bill and goes into detail on some of the important elements. </=>

Please review and provide comments. I am also going to share =his now with Peter Hiebert and Barry Hart as well as with others in our fi=m who have worked on the bill.

=C2

In addition to comments and =hanges you may have, I expect that Peter and Barry, as well as other attor=eys in both firms will have some further suggestions which we will need to=incorporate in future drafts before we send it on to the Governor.<=>

Also, the bill has not yet been thoroughly proofread or checked for co=sistent formatting. That will happen toward the end after any substa=tive changes are made, but if you discover any errors, please let me know.=C2

Also, let me know when you want to schedule a call to d=scuss.

Yours,

Bill Blu=

=u>

William Blum I Par=ner

SOLOMON =LUM HEYMANN LLP =AO =C2 <=pan style="font-size:7.5pt;font-family:"Verdana","sans-se=ir>40 Wall Street, 35th floor New York, NY 10005

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