From: Shahzad Shahbaz To: Jeffrey E. <jeevacation gmai .com> Subject: Investment Structures Sent: Sunday, May 22, 2016 10:20:47 AM Jeffrey, Hope all is well. Further to your meeting, HE Sheikh Hamad asked me to send you a summary of the 2 investment structures. EQUITY PUT OPTIONSi • Put option on the worst performing stock in a basket • One year structure • Coupon guaranteed irrespective of performance of the stocks in the basket. • Put option strike at 70% of reference/spot • Payoff if required in stock at 70% strike • We identified 3 baskets based on stocks we are comfortable to own in a downside scenario at a 30% discount. • Basket 1; BHP Billiton, Bank of America, Shell, BNP Paribas • Basket2; Credit Suisse, General Motors, BASF, General Electric • Basket 3; Barclays, Adidas, Siemens, Santander • The coupon on the above baskets ranges between 8.5 — 9.5% without any leverage. • Obviously you can select any stock of your preference in the basket. Stocks with higher volatility and less correlation will generate a higher coupon for the basket. FIXED INCOME; • We identified 20 investment grade names to place in a portfolio • Given the uncertainty in the energy, commodity and bank sectors we selected some of these names to maximize returns • 5 year structure • Exposure through 5 year CDS • Based on leverage we are able to generate double digit returns. • The risk to the return is margin calls on the leverage if the value of the portfolio declines due to spreads widening. • Principal risk is based on default in any of the credits in the portfolio which is limited to 5% per name. I hope the above is useful. Please let me know if you have any questions. Best Shahzad. EFTA_R1_00025048 EFTA01737977