EFTA00237351.pdf

Message From: Stackman, Scott [ 1 Sent: 1/20/2016 3:25:39 PM To: IG Maxwell' Subject: RE: <no subject> Understood as discussed. ---Original Message From: G Maxwell Sent: Wednesday, January 20, 2016 10 19 AM Eastern Standard Time To: Stackman, Scott Subject: <no subject> Lovely talking to you as always Just want to confirm that I would like you to look to sell options against my stock to generate income And to judiciously continue to sell into an up market I want to be in cash and have as little exposure to stocks as possible. Cash is king and there will be a time to jump back into the market but it is not yet I don't need to have balanced portfolio so keep working me out of exposure to stocks where sensible — obviously I will remain with some just keep working my portfolio please Thank you G THE TERRAMAR PROJECT CONFIDENTIAL UBSTERRAMAR00001714 EFTA00237351