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Dear Henry,

I trust all is well and I am looking forward to seeing you soon. There is a possibility I will be in Beijing in late April or May and I would like to coordinate a meeting and next steps with the perspective Burnham investment. As a quick update on progress with Burnham;

- Burnham Financial Group, the investment management and investment banking operating subsidiary of Burnham & Co. ("B&C") (aka "holdco"), executed an LOI for the acquisition of Hunter's BD, RSPI this week;
- Deloitte has provided an initial draft of the Valor Life valuation (the core insurance sub of B&C, and finally;
- B&C has engaged a top tier financial management consulting group, Teneo (http://www.teneoholdings.com/) to prepare the investment memo, consolidated valuation and presentation for the perspective Harvest investment detailing the strategic vision for B&C in 'Investment Management, Insurance and Investment Banking.'

In the same breadth I also thought I would pass along the following article from the WSJ outlining Fosun's plan in targeting insurance acquisitions which mimics what we've already started. It occurs to me this is a significant validator of our collective vision which will only be enhanced with a Harvest investment.

http://www.wsj.com/articles/fosun-international-eyes-multiple-insurance-deals-1427460158

I will let you know exact dates end of this week and please let me know about your travels to the States (and if we need to discuss schools).
Very Best,
Devon