EFTA02643449

From: ehbarak <[email protected] > Sent: Monday, July 17, 2017 10:39 PM To: jeffrey E. Cc: Nicole Junkermann I Junkermanngroup Subject: Re: Call with Reporty Hi All<=div> Nicole, Mazal Tov again! Let's have a conference call tomorrow. Reason is that t=ings are moving fast. Jeff, can y=u arrange it? I'm in Nantucket, writing=my book and ready at any hour. Probably evening time EST so that Nico=e has it on comfortable European time. Looking forward Best EB Sent from my iPhone On 17 Ju= 2017, at 6:28, jeffrey E. <[email protected] <mailto:[email protected]» wrote: I agree. the israeli trick of usi=g cyprus to avoid taxes is silly antiquated and dangerous On Mon, Jul 17, 2017=at 4:37 AM, Nicole Junkermann I Junkermanngroup wrote: Dear Ehud= I hope you are well. Following a call that my team a=d I had with Amir this=week, I would like to raise a couple of issues with you.</=pan> The first concerns the advice Amir requested in terms of=raising Reporty's next capital round. He explained that Repor=y is in the process of establishing a number of local subsidiaries around the world to facilitate expansion into various te=ritories. Whilst I would probably not have advised this approach and w= had some reservations, e.g. creation of dual marketing budgets and potenti=l dilution of the Reporty brand, EFTA_R1_01878700 EFTA02643449 Given Reporty has decided to go down this road, I explained that I would str=ngly advise the company to raise capital through these subsidiaries, rather=than diluting holdings in the parent company (Reporty HS) itself, for exampre getting Carlo Slim' s company on board in the Latin American subsidiary. The second issue we discussed was the location of the local subsidiary for E=rope. I understand Amir is currently considering Cyprus. Cyprus is raising eyebrows so I would propose Luxembourg Let me know if you want to discuss this pre-b=ard Best Nicole Nicole = please note The information contained in t=is communication is confidential, may be attorney-client privileged, may=br>constitute inside information, and is intended only for the use of th= addressee. It is the property of JEE Unauthorized use, disclosure or=copying of this communication or any part thereof is strictly prohibited=br>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], a=d destroy this communication and all copies thereof, including all at=achments. copyright -all rights reserved 2 EFTA_R1_01878701 EFTA02643450