Re: RSA Expenses June-Dec 2017.numbers

Let me clarify a few points: 1) both I and Mervyn went through your expense report. No one else has right to do that. 2) as I texted you earlier, you have been reimbursed more than $220,000 for July to September expenses. You need to deduct that and also HK expenses. Those are obvious mistakes. 3) no matter what’s the agreement between you and your friend, I only have the LLC agreement and I must be responsible to execute the agreement in a professional way. Both Mervyn and I have no interest in the JV and what we can do is precisely what the agreement says. Please rectify the expense report or otherwise we can help you to rectify then payment will be made. I hope you can understand. 

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On Mar 14, 2018, at 11:48 PM, Robert Hunter <rhbdc@icloud.com> wrote:

Mervyn and Kevin,

The house of Sweden is my D.C. Office space. It will be reimbursed. As for a Cefc accountant going over my expense report I will personally sue you Kevin and the accountant if you forward my expense report to them.

I am sorry to be so direct but for the final time I am not In Business with CEFC. I have never been a partner with nor an affiliate of CEFC.

I am amazed that my fellow board members do not see the inherent conflict such an arrangement if true would create for the chairman and Mervyn and Kevin and Jaqi personally.

Under US law if the Chairman and equity holder of a corporation partnered with a US LLC (Owasco) through ownership of his wholly owned US llc (Hudson West) was in reality and practice using CEFC employees and money to operate a privately held company  there would be an enormous conflict of interest. 

The notion that you and Kevin and Jackie are insisting that such an illegal scheme is in fact your understanding of how this company is organized - well then I would say in light of the ongoing investigations you should not be surprised by warrant being issued related to this.

That is why I am stating unequivocally with no room for different opinions or interpretation- I am not in a JV with CEFC. I am not partners with CEFC. I am not employed nor funded by CEFC.

My expenses will not be reviewed by any CEFC employee. The President of CEFC has no right reason nor ability to terminate HW3.

I am the managing director of CEFC. I have complete authority as to who I hire and who I fire. I have only employees that work for me in DC, 

Reimbursement of expenses is not a matter for the board. The decision lies with the managing director alone.  

If you refuse to sign the wire Kevin I will seek to have you removed from the board for unjust obstruction of equity holder rights. I am the only equity holder on the board. I will bring suit in the Chancery Court in Delaware- which as you k ow is my home state and I am privileged to have worked with and know every judge on the chancery court.

Because the chairman is unavailable and his equity according to you has been transferred to the president ( in direct violation of the LLC agreement I am certIn the court will issue subpoenas for both the president and the chairman and if they refuse to comply the court will seek to "pierce the corporate veil" of CEFC through any of its remaining holdings in the US. 

I could go on but I don't think it necessary. 

All expenses submitted will be reviewed for any obvious error in the moment and a accountant hired by HW3 will review when preparing HW3 taxes.

Thank you in advance for your cooperation. If my expenses as submitted are not wired into the Owasco account today I will file an injunction to freeze allHW accounts at Cathay Pacific and simultaneously seek a determination of control of HW3. 

My fellow board members- your insistence on control of my capital in my account for my company is counter productive in the extreme. Your insistence on control by an entity that has no legal connection to HW3 by contract or any verbal agreement will be the the single biggest reason you will become even more entangled in issues that will swallow your careers for the next ten years.

Sincerely,

R. Hunter  Biden

Managing Director

Partner and

50% Equity Owner

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On Mar 14, 2018, at 12:33 AM, Mervyn Yan <mervyn.yan@gmail.com> wrote:

Hunter,

I got 2 emails, not 3, please send me the third expenses report.

At a first glance, there are lot of things were not HW3 business related, like house in Sweden. Kevin will not sign off on these.

Can we have both our back office accountants connected to sort out these tomorrow? We need the invoice receipts as well.

On Tue, Mar 13, 2018 at 13:50 Robert Hunter <rhbdc@icloud.com> wrote:

#2



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