<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, July 26, 2016 12:03 AM</td></tr><tr><td>To:</td><td>Reid Hoffman</td></tr></table>

trust (CRT), where the stock can be sold on a tax-free basis.

In addition to avoiding gain recognition, a charitable income tax deduction is available b=sed on the full fair market value of the contributed shares. Otherwise, the anticipatory assignment of income doctrine will be applied, so that the donor will be to=ed on the transaction, despite donating the shares to charity. ..A0 To avoid this result, it is best to make the donation of stock before shareholder approval of the inversion occurs.

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