From: Boris Nikolic To: "Jeffrey Epstein ([email protected])" <[email protected]> Subject: FW: DST - Marketing Guidelines Date: Fri, 28 Mar 2014 07:01:39 +0000 Attachments: PitfalltinSonducting_a_Private_Placementn General_Solicitation_-_BD_-_Gifts.DOC I had a long talk with Saurabh. He went through details where we are. He claims that there is no problem and is very apologetic. Goodwin is organizing a call for next week to go over rules of PPM and solicitation. Goodwin is polishing PPM right now and it should be ready next week. Goodwin requested that a memo they wrote is not yet shared with anyone outside DST right now — but he will request it tmr if possible to make an exception. I am very confused... I am also writing an email to Yuri as soon as I am done with this email. Thank you! B From: Saurabh Gupta [mailto: Sent: Thursday, March 27, 2014 6:20 PM To: Boris Nikolic Subject: FW: DST - Marketing Guidelines From: Preysman, Daniel Bimallto: Sent: Friday, March 28, 2014 6:47 AM To: Saurabh Gupta Cc: Verbesey, Paul 1; Thomas Stafford; Svetlana Pavlova ( Subject: DST - Marketing Guidelines Hi Saurabh, ; Hutchinson, lames A Per our discussion yesterday, please find attached a copy of the Goodwin Memorandum regarding private placements in the United States. Much of the Memorandum focuses on issues that are not necessarily relevant to DST because DST will not be using the new rules allowing for general solicitation. Therefore, I suspect that the most useful materials are likely to be on Pages 5-6. EFTA00717164

Also, here is a link to a Goodwin client alert on marketing of fund interests in the UK and EU: Investment-Fund-Managers-Directive.aspx?artide=1 We have reached out to colleagues in Hong Kong and London to see if we can arrange a call to get you educated on the marketing rules in those jurisdictions. Please let us know if you would like to discuss. Best, Daniel Daniel B. Preysman Goodwin Procter LLP Exchange Place 53 State Street Boston MA02109 F IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This message is intended only for the designated recipient(s). It may contain confidential or proprietary information and may be subject to the attorney-client privilege or other confidentiality protections. If you are not a designated recipient, you may not review, copy or distribute this message. If you receive this in error, please notify the sender by reply e-mail and delete this message. Thank you. EFTA00717165