To: Joichi Ito Jeffrey Epstem[jeevacation@gmail cam] From: Reid Ho Sent Thur 7/31/2014 10:01:00 PM Subject: RE: Stellar isn't so Stellar Yes... I wasn't anticipating the negative reaction. I'll call him too. From: Joichi It Sent: Thursday, Ju y 31, 2014 2:00 PM To: Reid Hoffman; Jeffrey Epstein Subject: Fwd: Stellar isn't so Stellar I guess I should call him? Sent from my iPhone Begin forwarded message: From: Austin Hill Date: July 31, 2014 at 16:1111.a. To: Jeffrey Epstein <j va ati n mail. m>, Joichi Ito Cc: Reid Hoffman < Subject: Stellar isn't so Stellar Hi guys, We obviously have seen hups://www.stellar.org/about/ I'm not sure what the relationship with Jed and the team are. I know obviously some of the players, but this is a problem for us. Would one of you please give me a call at I can explain some of the issues, but basically I've been asked by the other cofounders to reduce or take your allocation away. Ripple, and Jed's new stellar are bad for the ecosystem we are building and it does our company damage to have investors who are backing two horses in the same race. Happy to discuss a fair way to deal with this. best, -Austin EFTA_R1_00356020 EFTA01916358 Austin Hill • EFTA_R1_00356021 EFTA01916359