EFTA02607592.pdf

From: Jeremy Rubin Sent: Thursday, August 23, 2018 5:33 PM To: Jeffrey E. Subject: What are next steps? Hi Jeffrey, =hat should we do with Layer 1? Are we passing? Should we ask them to do more research? The point of the structure that l=proposed was to be able to fund them and then have them gain momentum, but=we can put the actual SPV raise on pause if we can't figure out legall= safe ways to run it. But I think they need some certainty from us on if we're proceedin= or not, and if we are not, we need to let them know so they can finish ra=sing. Best, =div dir="auto"> Jeremy 1 EFTA_R1_01799522 EFTA02607592