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Sent: 7/10/2014 9:08:41 PM To: G Maxwell CC: Garcia, Camille I; Klein, Matthew I; Ramdeen, Vijai I; Shkreli, Juliana I 1; Stackman, Scott I Waldron, Chelsey Devon Subject: MAXWELL: Revised Proposal Ghislaine, Based on our discussion and your need to raise some cash these are the names we woul
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
lein, Matthew [ Stackman, Scott Subject: RE: MAXWELL: Revised Proposal Attachments: Maxwell Holdings.pdf Ramdeen, Vijai I; Shkreli, Juliana 1; Waldron, Chelsey Devon The report I pull today is as of yesterday and will include what we just sold. I am attaching that here. If you want to see it with
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
G Maxwell CC: Klein, Matthew Ramdeen, Vijai Shkreli, Juliana Subject: RE: MAXWELL: Revised Proposal Ghislaine, I; I; Stackman, Scott I I; Waldron, Chelsey Devon We executed as instructed and kept Twitter and BHP. Proceeds raised are approximately 716k. We will move the cash to your cash accou
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
Message From: Stackman, Scott Sent: 7/15/2014 4:05:16 PM To: G Maxwell ; Casriel, Lyle CC: Klein, Matthew Ramdeen, Vijai ; Waldron, Chelsey Devon Subject: RE: MAXWELL: Revised Proposal Will do Hope you are well. Scott L. Stackman Managing Director - Investments Private Wea
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
I I Subject: RE: MAXWELL: Revised Proposal Attachments: Maxwell Holdings Report.pdf; Maxwell GL Report.pdf Ghislaine, I; Shkreli, Juliana J; Waldron, Chelsey Devon Attached is the updated holding report as mentioned in the trail below. I have also included a realized gain loss report. There is a
ere is a secular shift in the wireless business and margins are coming down and the stock isn't that cheap. Take profits, high conviction sell. 3. Illinois Tool Works — Relatively expensive and while it's been a great growth story we think the growth story will be decelerating from here and the stock trades at a 3
Entities connected to both Waldron and Illinois Tool Works

Ghislaine Maxwell
PERSONJuliana Shkreli
PERSONVijai Ramdeen
PERSONChelsey Devon
PERSONGarcia
PERSONCamille
PERSONScott Stackman
PERSONMatthew; Ramdeen
PERSONApache
ORGANIZATIONLukoil
ORGANIZATION
Tesco
ORGANIZATIONGeron
ORGANIZATION
Target
ORGANIZATIONLyle & Scott
ORGANIZATIONCasriel
ORGANIZATIONUPS Financial Services, Inc.
ORGANIZATION