<table><tr><th>From:</th><th>David Stern</th></tr><tr><td>Sent:</td><td>Sunday, February 12, 2017 2:06 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

EdR plays purely on brand a=d ACCESS.

Single Fund of Funds product in partnership with massiv= mainland Chinese wealth distribution platforms such as Noah, Creditease, C=B etc (friends of mine) Capital goes into mix of classic, safe an= quirky funds (from Blackstone Real Estate to Zuckerberg's Indian dude..) -=simple stuff only.

The key is the exclusive club feel we can give=to the owners of this new Chinese money, the EdR Leaders Fund is a privileg= and includes drinking wine at vineyard in France and dinner at Bucki=gham P Thereafter direct big boy clients may flow over. Small team needed in HK, max ten. Current team sufficient but can be d=amatically cut to reduce cost. I build it in HK.

Real r=sults after 12 - 24 or pull the plug.

On 12 Feb 2017, at 10:4=, jeffrey E. <jeevacation@gmail=com <mailto:jeevacation@gmail.com> wrote:

what are you suggesting/?

On Sun, Feb 12, 2017 at 1:28 AM, David Stern http://phx.corporate-ir.net/mobile.view?c=240882&p=3DIROL- irhome

http://english.crediteas=.cn/about/Overview.html <http://english.c=editease.cn/about/Overview.html>

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