From: jeffrey E. <jeevacation@gmail.com> Sent: Tuesday, July 17, 2018 11:37 AM To: Paul Barrett; Richard Kahn Subject: Re: Idea Paul !! what is missing from this is a h=art felt sincere apology. I am shocked. =AO Im not sure if you understand , the wide gap between what y=u offered and what we received . On Mon, Jul 16, 2018 at 10:49 PM, Paul Barr=tt wrote: Hi Jeffrey As we briefly discussed this morning, if you would l=ke to continue to work together we could move to a different advisory mode= as follows: • I cover you like I did at JPM where I will show you ideas from our different coverage providers • You then decide if you would like to execute on an id=a and I will handle the trading. • I will keep you cons=antly updated on positions post execution etc • We cou=d revise the compensation structure to reflect the changes. • I could continue to run the syndicate business. My es=imates is that we could make $300K per year doing this (Alpha Group Capita= via MS is currently our only syndicate conduit as they shut down Gratitude's access to the Institutional book).</=> If this is something that you would like to do we sh=uld then review the existing positions and trim anything else you don =80 t want. This will clear the decks with regards to future performance =onitoring and prevent a repeat of performance attribution issues. We have 14 months remaining on our agreement. I thin= this could work well. We have always had a good relationship and I see no=reason why that cannot continue under this framework. Paul EFTA_R1_01789210 EFTA02601443 Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llthasup> Floor, New York, NY 10019 <1 = > =/span> =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 2 EFTA_R1_01789211 EFTA02601444