Original Message---- From: Joe Haffner Sent: Thursday, February 27, 2014 6:45 PM To: 'Thomas Turrin; Dimitri D'Ambrosio Cc: Valentina Mazzoleni; Fabrizio Maccazzola; Iraklis Karabassis; Luca Vitali; Marco Cottini; Alberto Ballabio; Mike Meilak; Margaret Peza Subject: RE: Bic Las Vegas Tom, Billionaire Italian Couture USA, LLC is the Las Vegas location. This entity is owned 50% by Iraklis Karabassis and 50% by BIC Holdings, Inc. Billionaire Miami, LLC is a single member LLC 100% owned by BIC Holdings. Because it is a single member LLC the activity will be reported on the BIC Holdings tax return - there will not be a separate tax return. I have attached financials and the major work paper schedules for both entities. I have also attached the Florida registration for BIC Miami. The tax return for BIC USA (Las Vegas) was prepared and forwarded to our outside CPA to review - I should have the final back early next week. Let me know if you need any additional information or schedules on either entity. Thanks, Joe Haffner IK Retail Group, Inc. 3238 Prospect Street, NW • 20007 fax Original Message From: Thomas Turrin [mailto: Sent: Thursday, February 27, 2014 5:36 PM To: Dimitri D'Ambrosio Cc: Joe Haffner; Valentina Mazzoleni; Fabrizio Maccazzola; Iraklis Karabassis; Luca Vitali; Marco Cottini; Alberto Ballabio; Mike Meilak; Margaret Peza Subject: RE: Bic Las Vegas Dimitri, The "bic Iv 12-31-13 financials" appears to be the financial statements of Billionaire Italian Couture USA, LLC (not Las Vegas). Please send us the 12-31-13 financials for BIC Las Vegas - I did not find the Las Vegas financial statements in the other emails. With respect to Las Vegas and Miami - does BIC HOLDINGS, INC. own more than a 50% interest in the new locations? If so, Under US accounting principles, we will need to present the financial statements of Holdings Inc. on a EFTA00645684

consolidated basis. Also, we have not received copies of the LLC tax returns for USA LLC, Miami and Las Vegas. Please send copies of the tax returns of the above three entities when available. I appreciate your assistance in getting us needed information. Best regards, Tom THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York New York 10018 erect ine) (Fax) Cell mat : Website: Original Message From: Dimitri D'Ambrosio [mailto: Sent: Friday, February 21, 2014 6:02 PM To: Thomas Turrin Cc: Joe Haffner; Valentina Mazzoleni; Fabrizio Maccazzola; Iraklis Karabassis; Luca Vitali; Marco Cottini; Alberto Ballabio Subject: Re: Bic Las Vegas Hi Tom Yes, we should follow the same process as last years, Joe will fill the tax return and forward a copy to us and you so that you can proceed with the preparation of the FS Of Bic Holding Thanks Dimitri Inviato da iPhone 16> no 21/feb/2014, alle ore 23:22, "Thomas Turrin" < > ha scritto: mailto EFTA00645685

Dear Dimitri, Based on the emails below, will Joe be forwarding 12/31/13 financial statements for BIC Miami and BIC Las Vegas.and also the partnership (LLC) tax returns? Thanks, Tom THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway New York, New York 10018 (Direct line) (Fax) Cell Email: Website: From: Dimitri D'Ambrosio [mailto: Sent: Tuesday, February 18, 2014 To: Joe Haffner Cc: Valentina Mazzoleni; Fabrizio Maccazzola; Iraklis Karabassis; Luca Vitali; Marco Cottini; Thomas Turrin Subject: R: Bic Las Vegas Importance: High Dear Joe, could you please send us the updated 2013 Financial Statement of BIC LV and BIC Miami together with a detailed list of the intercompany invoices towards BIC Italy? We would like to proceed with the reconciliation so that we can validate the numbers and you can pass the FS to Tom Turrin. Thanks Dimitri P.S. In sending us the updated version, please consider what communicated in my previous email about the reconciliation between BIC Miami and BIC LV. Thanks Dimitri Da: Joe Haffner [mailto: Inviato: giovedi 16 gennaio 2014 19:35 EFTA00645686

A: Dimitri D'Ambrosio Cc: Valentina Mazzoleni; Fabrizio Maccazzola; Iraklis Karabassis Oggetto: RE: Bic Las Vegas Dear Dimitri, I have attached a draft of the Las Vegas financials. I am waiting on an invoice from Ilaria to finalize this. There may be an adjust to inventory and cost of goods when I get that invoice as I have estimated amounts. In regards to Miami - I can forward a very rough draft later today. The major open items are an invoice due from Ilaria and the fixed assets for the build out of the store. Can you forward me a listing of invoices paid by Italy for this location? Also, do you have the final cost and invoices for the store fixtures - and were these paid by Italy? Thanks, Joe Haffner II( Retail Group, Inc. 3238 Prospect Street, NW Washington, DC 20007 (x-260) fax mailto: From: Dimitri D'Ambrosio [mailto Sent: Thursday, January 16, 2014 12:08 PM To: Joe Haffner Cc: Valentina Mazzoleni; Fabrizio Maccazzola Subject: I: Bic Las Vegas Importance: High Dear Joe, following my email below, do you think it will be possible to receive the report for BIC Las Vegas and BIC Miami by this evening? We have to provide to the Management some pre-closing data and we would really appreciate to have even a first draft of these reports Looking forward to hearing from you soon, Rgds Dimitri Da: Dimitri D'Ambrosio Inviato: martedi 7 gennaio 2014 09:23 A: 'Joe Haffner' Cc: Fabrizio Maccazzola Oggetto: R: Bic Las Vegas Clao Joe, Happy New Year! Hope this email finds you well. Could you please send to me and Fabrizio, once it will be available, the financial statement of December of EFTA00645687

BIC USA LLC? Thank you very much Dimitri Da: Fabrizio Maccazzola Inviato: martedì 7 gennaio 2014 09:15 A: Dimitri D'Ambrosio Oggetto: Bic Las Vegas Buongiorno Dimitri, hai per caso ricevuto la chiusura di dicembre di Las Vegas? Mi servirebbe il saldo cassa per un report. Ciao e grazie mille Fabrizio <rem-newlogo_sm29.png> <primeglobal_color_biktext_tagline4823.jpg> c2013_ipatop100(2)18bejpg> CONFIDENTIALITY STATEMENT: The information contained in this electronic communication, including any and all attachments and enclosures, may be privileged and is strictly confidential, intended solely for the use of the person(s) identified above to receive this communication. If you are not the person(s) identified above to receive this communication, you are hereby notified that you may not disclose print, copy, disseminate, or otherwise use the information contained herein. If you are an employee or agent of the person(s) identified above to receive this communication and, as such, you have been authorized to deliver this communication to such person(s), you may disclose, print, copy, disseminate, or otherwise use the information contained in this communication solely for the purpose of such delivery. Unauthorized interception and/or use of this communication are/is strictly prohibited and may be punishable by law. If you have received this communication in error, please reply and notify the sender (only) of that fact and delete the communication, including any and ail attachments and enclosures, from your computer or other electronic device on which you may have received this communication. CIRCULAR 230 DISCLOSURE: To insure compliance with requirements imposed by the Internai Revenue Service, we inform you that any tax advice contained in this communication (including any and all attachments), unless expressly stated otherwise, was not intended or written to be used and cannot be used for the purpose of (i) avoiding tax-related penalties imposed by the Internai Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction(s) or tax-related matter(s) addressed herein. This communication may not be forwarded (other than to the addressee(s) identified above) without our express written consent. please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA00645688

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