EFTA02600148.pdf

From: Paul Barrett Sent: Tuesday, July 17, 2018 8:00 PM To: Jeffrey E. Cc: Richard Kahn Subject: RE: Idea Jeffrey, I am confused as yesterday you asked me to email you my suggestions for how I recommend we proceed together, yet you seem quite unhappy that I've done what you've asked me to do. At this point I think it would be best if we discuss performance issues and the future in person at your earliest convenience, as emails are subject to misinterpretation and miscommunication. Best, Paul Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 (o)- (c) <mailto From: jeffrey E. <[email protected]> Sent: Tuesday, July 17, 2018 7:37 AM To: Paul Barrett ; Richard Kahn < Subject: Re: Idea EFTA_R1_01787009 EFTA02600148 Paul !! what is missing from this is a heart felt sincere apology. I am shocked. Im not sure if you understand , the wide gap between what you offered and what we received . On Mon, Jul 16, 2018 at 10:49 PM, Paul Barrett <mailto wrote: Hi Jeffrey As we briefly discussed this morning, if you would like to continue to work together we could move to a different advisory model as follows: • I cover you like I did at JPM where I will show you ideas from our different coverage providers • You then decide if you would like to execute on an idea and I will handle the trading. • I will keep you constantly updated on positions post execution etc • We could revise the compensation structure to reflect the changes. • I could continue to run the syndicate business. My estimates is that we could make $300K per year doing this (Alpha Group Capital via MS is currently our only syndicate conduit as they shut down Gratitude's access to the Institutional book). If this is something that you would like to do we should then review the existing positions and trim anything else you don't want. This will clear the decks with regards to future performance monitoring and prevent a repeat of performance attribution issues. We have 14 months remaining on our agreement. I think this could work well. We have always had a good relationship and I see no reason why that cannot continue under this framework. Paul Paul Barrett Alpha Group Capital LLC 2 EFTA_R1_01787010 EFTA02600149  142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 (o) (c) <mailto please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01787011 EFTA02600150