EFTA00860125.txt

"From: Boris Nikolic To: jeffrey E. [email protected] Subject: RE: FW: Date: Thu, 09 Apr 2015 01:29:02 +0000"

"From: jeffrey E. Sent: 4/8/2015 9:25 PM To: Boris Nikolic Subject: Re: FW: my suggestion is that i talk directly to david"

"From: Steve R. Ray Sent: Monday, April 6, 2015 9:50 PM To: Boris Nikolic Cc: Bennett L. Yee"

"Steve R. Ray Gunderson Defter Stou h Villeneuve Franklin & Hachigian, LLP"

"You, personally, would fund the remaining 10% of the cost outside the Fund. ... You would be out of pocket $400k up front, but most of Blue Talon and "

"stating that he would never even talk to low life as you and how I was careless to whom I associate myself with"

"He is even refusing talking to me. And he said nasty stuff about you - stating that he would never even talk to low life as you"

"Investor capital would be used to repay 90% of the loan from Gates."