From: Paul Barrett To: jeffrey E. <[email protected]> Subject: Re: Meeting Date: Mon, 11 Jun 2018 20:25:28 +0000 I will hold off on doing anything in the portfolio (other than selling something) until we meet. The overall portfolio as of today is up —$4mm before my fees. So $3mm after fees. It was my understanding that I would own the P/L of everything from Oct 1st. As a result I never differentiated between what I decided to keep and what I initiated when thinking about the overall portfolio return. I owned the performance of everything equally. I figured that if the portfolio was down due to legacy positions there would be no free pass. As you think about things going forward I am happy to have position size limits (Min and Max), stop loss requirements (except maybe if we have a structured note with very deep buffers) and have more concentrated thematic bets. Again I am happy to fly and meet you wherever you are to discuss. Paul Paul Barrett Alpha Group Capital LLC 142 W 57th Street III Floor, New York, NY 10019 (c) On Jun 11, 2018, at 10:50 AM, jeffrey E. <[email protected]> wrote: it will wait, im unsure at them moment I want to review in detail . it appears that if i were to include your 1 m loan , we are at breakeven after all this time ? odd On Mon, Jun 11, 2018 at 8:47 AM Paul Barrett < wrote: Jeffrey I really want this to work and need your input as to how you want me to operate going forward. I can fly this afternoon to meet with you. Let me if you are in the States and have time. Paul EFTA01010319