LNITIO 5711E , V [GIN FSLAND5

LNITIO 5711E , V [GIN FSLAND5 Economic Development Authority WWW.USYIEOA.ORG 1877 432.8784 December 6, 2013 VIA ELECTRONIC MAIL AND POSTAL SERVICE Erika Kellerhals, Esq. Kellerhals Ferguson Fletcher Kroblin LLP 9100 Port of Sale Mall Suite 15 St. Thomas, U.S. Virgin Islands 00802 Re: Southern Trust Company, Inc. Dear Attorney Kellerhals: I acknowledge receipt of your letter dated November 12, 2013 addressed to Mrs. Jennifer Nugent-Hill, Assistant Chief Executive Officer requesting that the Economic Development Commission ("EDC°) grant your client, Southern Trust Company, Inc. ("Southern Trust") a one year extension of time, until February 1, 2015, to meet its capital investment requirement as noted in the grant of benefits. In order to present this matter to the EDC Governing Board for action, additional information is needed. Please provide the specific reason for the request to include an update on the business activities, the capital investments made to date and impediments, if any, that the company has experienced that result in its request for an extension. We look forward to your timely submission of the requested information which will aide in the further processing of Southern Trust's petition for consideration by the EDC Governing Board. Should there be any additional questions or ways that we can assist you in the process, do not hesitate to contact our office. Since Dil~ctdr`Applications Cc: Jennifer Nugent-Hill, Assistant Chief Executive Officer Stephanie Berry, Director of Compliance Esther Joseph, Application Analyst LaShanna McBean de Chabert, Document Specialist Economic Development Commission Enterprise lone Commission Government Oevelopmenl Sank Industrial Park Development Corporation Small Business Development Agency St CR01X 116 King Sum Frederlksitd. tISVI 0081 1 THOMAS 8000 Nuky Shopping Caster Suite 620. St Tbooas.US11 00802 8 EFTA01140533