<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Monday, June 27, 2016 11:11 AM</td></tr><tr><td>To:</td><td>Shahzad Shahbaz</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

ok. whatis your view of the markets here. =AO ? currency? realestate?

On Mon, Jun 27, 201= at 7:13 AM, Shahzad Shahbaz wr=te:

I think JV will be difficult as we would rather not be in a non contro= situation and too many other complications to deal with.

On Jun 27, 2016, at 13:54, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gma=l.com> > wrote:

understood. or should we begin in some sort of=joint venture. ?

<u>On Mon,</u> Jun 27, 2016 at 3:36 AM, Shahzad Shahbaz=
<mailto: > wrote:

We could look at it as long as Rothschild is willing to meet our price=expectations.

On Jun 26, 2016, at 19:19, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gma=l.com> > wrote:

with KBL and rothschild

wondering with the eventual move to lux of banks, =AO is there anything to be done

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## =AO please note

The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved