From: Kifah Laham Sent: Tuesday, January 8, 2019 8:29 AM To: Cc: Xavier CARTRON; Olivier Molla Subject: LS118.41: Little Saint James Development, US Virgin Islands, USA Dear Mr. Jeffery, Hope you are doing well. With reference to our last phone call on the 2nd of January 2019, we would like to keep you updated with our work progress. Based on the last input and comments we received from your good self; and in preparation to the meeting that will take in Paris around the 21st of January 2019, the following will be presented: 1) Updated 3D Model of the Site with the existing roads and existing buildings 2) Main Villa Option 1: Adjusting the Existing Option and resolving the site constraints / other conflicts 3) Main Villa Option 2: Totally New Option / Approach 4) Fisherman House Last Development as of 28/12/2018 presentation 5) SPA Last Development as of 28/12/2018 presentation Looking forward to meet you. Regards, Kifah Laham Chief Executive Officer 1 EFTA_R1_01799118 EFTA02607331

Email: Web: xaviercartron.fr <http://www.xaviercartron.fr/> 2 EFTA_R1_01799119 EFTA02607332