Re: Update

Hi Murray, hi Brian. I am just following up from yesterday as you had suggested that we touch base today. I'm around and can be reached at this email address o . My cell is- . Thanks for taking the time to hear me out yesterday. I enjoyed the discussion.

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I hope you received my voice mail.

We need more time to evaluate our ability to finance this deal which is a value proposition you clearly want from us before you embrace us.

We have made no decisions on who to work with until we know we have something to offer.

You guys are clearly a key player and we are focused on that.

I think we can have an answer on confidence around the financing appetite next week.

I wish I could move it faster.

Speak early next week.

Best

M

Murray J. McCabe I Global Co-Head, Real Estate Investment Banking 1 1.P. Morgan Securities LLC

Alternate contacts:

Sheila Myers-Grauling I Nikki Rotondi I

To be clear , is this a deaknthat is for you and I , or for c3

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you and i should speak„ I will always do what is good for you. and will never get in the way. however , it is the entity that is you and I that leads this , if not you should tell me . my guys need to know.

It absolutely is. Everyone on the planet wants to finance our M&A. That's the easy part. What I'm trying to balance is this: if they do the banking part about which you and I are concerned primarily, then they will inevitably (and appropriately) want more of the overall business relationship as quid pro quo. I don't want to commit elsewhere as I think it's an important carrot, so I'm just trying to manage the chicken and the egg thing.