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On Fri, Oct 3, 2014 at 11:05 AM, Hunter Biden <hbiden@rosemontseneca.com>
wrote:

> Pls sign w/ digital signature and return.
>
> RHB
> 202.333.1880
>
> Begin forwarded message:
>
> *From:* Vadim Pozharskyi <v.pozharskyi.ukraine@gmail.com>
> *Date:* October 3, 2014 at 10:46:49 AM EDT
> *To:* Hunter Biden <hbiden@rosemontseneca.com>, Devon Archer <
> darcher@rosemontseneca.com>, Sebastian Momtazi <
> smomtazi@rosemontcapital.com>
> *Subject:* *BoD resolutions on unprofitable assets*
>
> Dear Hunter and Devon,
>
> I would like to inform you that in the process of preparing IFRS 2013 for
> BHL, it was revealed two BHL's assets, namely Kefard and Fiber Pipes
> companies, were estimated as unprofitable. Kefard (UK) is the company with
> zero profit. It was acquired for the project, but has never been used,
> since the project failed. The Fiber Pipes (Ukraine) is the company with
> activity that goes out of group's frame and has a low profit.
>
> Thus, the Management has takne a decision to withdraw both assets. In the
> attachment you will find the correspondent SPAs and resolutions.
>
> This decision is purely technical and do not affect our key operations.
>
> Therefore i kindly ask you to sign these resolutions and forward them
> back to me.
>
> Dear Sebastian,
>
> Could you arrange the signature by both shareholders?
>
> Best,
>
> Vadym
>
>
>
>
>
>
>
>
>


--
*Katie Dodge*
Executive Assistant/ Office Manager
*Rosemont Seneca Partners*
*1010 Wisconsin Ave., NW, #705*
*Washington, DC 20007*
*202-333-1880