<table><tr><th>From:</th><th>Favaretto Patrizia <change><s>Ta</s></change> avaretto@varartis.cris</th></tr><tr><td>Sent:</td><td>Tuesday, September 27, 2011 6:51 AM</td></tr><tr><td>To:</td><td>'jeevacation@gmail.com'</td></tr><tr><td>Cc:</td><td>Python Vincent</td></tr><tr><td>Subject:</td><td>Portfolio</td></tr><tr><td>Attachments:</td><td>Finantrust.pdf</td></tr></table>

Dear Mr. Epstein,

I trust this message finds you well.=/font>

First of all, sorry for the inconvenience caused by th= lack of making contact with us. Be assured that since our conversation, Mr. Andersen is not anymore linked to the account.<=font>

I am writing to your attention concerning the portfoli=, which is not doing well at the moment. Some investments have been done in a very specific way.

Then, I would like to start again your portfolio, but =his might take some time. Here are our thoughts with our Head Portfolio Manager=

As you may know from the account, the Total return unt=l 20th September 2011 is of -20.67%. Here is the split of the situation:

Equity positions:

* Abitex: -0.4%
* Forsys: -9.2%
* Actelion: -8.3%
* AB Science: -1.36%=/o:p>
* China Super Power Saving: -7.15%
* Total equities ca. -26%=o:p>

Commodities:

- Silver: +2%<span>

- Gold: +2.4%<span>

- Total commodities ca. +/-.4%

What we would like to do, is to sell immediately the following positions:

• Abitex full position

• Actelion down to a belo= 5% position ie. -11'500 shs

• AB Science half the pos=tion, approx. -11'000 shs

• China Super Power half =he position, approx. -7'000 shs

And instate, on appropriate timings, a diversified portfolio with decent stocks as per enclosed list, matching with the Portfo=io Profile.

Even if we have a management mandate in our favour, I =ould appreciate your acceptance (or not) with our suggestion, in order to start = "new" business relationship.

I stay at your disposal for any query.

With my best regards,

Valartis Bank SA

2-4 place du Molar=

Case Postale 3458<=:p>
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
www.valartisban=.ch