To: Jeffrey E UMn'eevacaeon nuaconl From: Sent on /1 / 1 1 : A GPC offer was confirmed to be: - phase 1: one deal as proof of concept for which I get 3% of carry associated with that one deal - phase 2: I'm bound to enter phase 2 after the first deal is completed, they will raise new dedicated fund I manage (but clearly not control) and receive 30% of carry which I need to assign as I think fit with my team. I will tell them to forget it ! You agree? EFTA_R1_01470967 EFTA02410286