Re:

Dear Jeffrey,

Juan Pablo Molyneux gave at your request my phone number to Nathalie Garcin, the real-estate broker, who called me this afternoon. She confirmed that a first offer has been made for the acquisition of Hôtel Lambert, but I don’t know the amount.

She also confirmed what I told you in my e-mail of yesterday, i.e. that the sellers would not accept that the granting of the authorizations (for the works to be performed in the house, etc.) be a condition for the sale.

Nevertheless, everybody, including Chardon Law firm, agrees that the various authorizations will not be very difficult to obtain. For example, legally speaking it will not be difficult to obtain an authorization for using Hôtel Lambert as the seat for a foundation or as a place for a foundation.

The only problem is that it will take some time to obtain the various authorizations and that in the meantime, Hôtel Lambert will likely be sold.

All the potential purchasers are faced with the same problem, which is usual for a “classified real-estate”.

As far as they are concerned and as usual, the sellers want to sell the building as it stands, without taking into account the projects of the purchasers.

The problem is to know if you wish to make an offer for acquiring Hôtel Lambert now, and if so, for which amount? I am not in a position to give you any advice on this point.

I send a copy of the present message to Juan Pablo Molyneux.

I am at your disposal for any further information you may require.

Kind regards,

Matthieu de BOISSÉSON