(no subject)

Dear Ehud,

EFTA00664432

I hope you are well. Following a call that my team and I had with Amir this week, I would like to raise a couple of issues with you.

The first concerns the advice Amir requested in terms of raising Reporty's next capital round. He explained that Reporty is in the process of establishing a number of local subsidiaries around the world to facilitate expansion into various territories. Whilst I would probably not have advised this approach and we had some reservations, e.g. creation of dual marketing budgets and potential dilution of the Reporty brand,

Given Reporty has decided to go down this road, I explained that I would strongly advise the company to raise capital through these subsidiaries, rather than diluting holdings in the parent company (Reporty HS) itself, for example getting Carlo Slim' s company on board in the Latin American subsidiary.

The second issue we discussed was the location of the local subsidiary for Europe. I understand Amir is currently considering Cyprus.

Cyprus is raising eyebrows so I would propose Luxembourg

An expansion on this scale is a difficult task but Amir is very efficient.

Let me know if you want to discuss this pre-board Best Nicole

Nicole

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please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited

EFTA00664433

and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

EFTA00664434

I agree. the israeli trick ofusing cyprus to avoid taxes is silly antiquated and dangerous

Hi All Nicole, Mazal Tov again! Let's have a conference call tomorrow. Reason is that things are moving fast. Jeff, can you arrange it? Fm in Nantucket, writing my book and ready at any hour. Probably evening time EST so that Nicole has it on comfortable European time. Looking forward Best EB

Sent from my iPhone

Thank you!

Sure let's have a call, Jeffrey let me know when it is convenient and my office will set up a conf call number Ps: looking forward to read your book :)

Sent from my BlackBerry 10 smartphone.

first i want to speak to you. to hear how you are doing?

+352621242774 Or can I call you? Sent from my BlackBerry 10 smartphone.