<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Monday, September 26, 2016 9:53 AM
Joshua Cooper Ramo</td></tr><tr><td>Subject:</td><td>Re: And.</td></tr></table>

i think at this stage protecting you from risk , is =econdary to getting you started . you dont have the skil=s yet to organize a fund licencse structured operation. =lso it takes away from your henry leverage big time.

On Sun, Sep 25, 2016 at=9:46 PM, Joshua Cooper Ramo wrote:

Thanks.

Let me think it through a bit. It makes sense to me if it co=ld be done in the right way. Tom's concern is protecting me from Ken r=sk, which I appreciate.

On Sun, Sep 25, 2016, 13:30=jeffrey E. <=eevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

We can all be on a call if you like

On Sunday, 25 Sep=ember 2016, Joshua Cooper Ramo
wrote:

Spoke to Tom.

His view is that I am better o= getting the license I was thinking about and then going to Ken and others=to help fund.

Still thinking =his over, but thanks for the advice.

J

=C2

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