EMAIL DETAILS

Dear Gilbert,

Thanks. Let me know if need any assistance from us regarding collecting the signature pages. Thanks.

Best regards,

Cloris

发自我的 iPhone

在 2016年12月29日，上午9:38，Xiaochuan Han <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>> 写道：

Dear Cloris,

We have no further comments to the Side Agreement. Thanks!

Best,
Gilbert
BHR Partners

发件人: Mao, Cloris [mailto:Cloris.Mao@FaegreBD.com]
发送时间: 2016年12月19日 9:58
收件人: 'Xin' <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'Xiaochuan Han' <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>>
抄送: eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R. <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; Martin, George D. <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>; YU, Felix <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>
主题: RE: BHR Directorship Issues

Dear Gilbert and Xin,

Per our discussion below, I have moved the RMB 3 million payment language to a Side Agreement as attached.

Should you have any questions, please feel free to let me know.

Best regards,

Cloris


From: YU, Felix [mailto:felix.yu@bhrpe.com]
Sent: 2016年12月9日 15:57
To: 'Xin'; Mao, Cloris; 'Xiaochuan Han'
Cc: eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R.; Martin, George D.; '叶桐'
Subject: 答复: BHR Directorship Issues

Good to me too.

发件人: Xin [mailto:xin.wang@bhrpe.com]
发送时间: 2016年12月9日 15:51
收件人: 'Mao, Cloris' <Cloris.Mao@FaegreBD.com<mailto:Cloris.Mao@FaegreBD.com>>; 'Xiaochuan Han' <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>>
抄送: eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; 'Mesires, George R.' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'Martin, George D.' <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>
主题: 答复: BHR Directorship Issues

Sounds good to me. Felix and Gilbert, any objections?

发件人: Mao, Cloris [mailto:Cloris.Mao@FaegreBD.com]
发送时间: 2016年12月9日 15:40
收件人: Xin <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'Xiaochuan Han' <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>>
抄送: eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R. <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; Martin, George D. <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>
主题: RE: BHR Directorship Issues

Dear Xin,

How about we move that language to a side agreement, and have the parties sign the side agreement together with the SPA. And then only the SPA will be submitted to the authority? Let me know your thoughts. Thanks.

Best regards,

Cloris

From: Xin [mailto:xin.wang@bhrpe.com]
Sent: 2016年12月9日 15:36
To: Mao, Cloris; 'Xiaochuan Han'
Cc: eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R.; Martin, George D.; '余飞强'; '叶桐'
Subject: 答复: BHR Directorship Issues

Cloris C we have no issue with the language or the arrangement per se but would strongly suggest not to include it in the documents submitted to AIC to avoid protracted questioning or delays in the amendment process. As you will certainly already know, limited partnerships are being increasingly scrutinized by regulators and we would like to keep the amendment documents as “plain vanilla” as possible. Any set-off arrangement between Ulysses and Skaneateles can be set out in a side agreement amongst the parties instead of submitting it to the regulators.

Xin

发件人: Mao, Cloris [mailto:Cloris.Mao@FaegreBD.com]
发送时间: 2016年12月9日 14:54
收件人: Xiaochuan Han <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>>
抄送: '王昕' <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R. <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; Martin, George D. <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>
主题: RE: BHR Directorship Issues

Dear Gilbert,

Thank you for your email. It is important for RSB and Skaneateles to document their mutual understanding on the transfer price payment, i.e. no cash change hands will happen. And we do not think the language regarding the payment arrangement between RSB and Skaneateles will cause any problems in the COFTEC filing or AIC registration. Both RSB and Skaneateles are non-PRC entities, and we are not aware of any mandatory PRC requirement on how they must make the share transfer price payment, or prohibiting the parties to make such payment arrangement. If you have any specific concern that such language will cause any problem, please kindly share with us. Thanks!

Best regards,

Cloris

From: Xiaochuan Han [mailto:xiaochuan.han@bhrpe.com]
Sent: 2016年12月8日 18:25
To: Mao, Cloris
Cc: '王昕'; eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R.; Martin, George D.; '余飞强'; '叶桐'
Subject: 答复: BHR Directorship Issues

Hi Cloris,

Please see attached our comments to the agreement. As it is for the sole purpose of government registration, we do not think it is proper to insert the arrangement between the Transferor and the Transferee B into this agreement.

Please feel free to discuss and let me know if you have any further comments.

Many thanks!

Gilbert
BHR Partners

发件人: Mao, Cloris [mailto:Cloris.Mao@FaegreBD.com]
发送时间: 2016年12月3日 9:07
收件人: Xiaochuan Han <xiaochuan.han@bhrpe.com<mailto:xiaochuan.han@bhrpe.com>>
抄送: 王昕 <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; Mesires, George R. <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; Martin, George D. <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>>
主题: Fwd: BHR Directorship Issues


Dear Gilbert,

Please find attached our changes to the SPA, JVC and AOA.

Should you have any questions, please let me know. Thanks.

Best regards,

Cloris

发自我的 iPhone

在 2016年12月1日，上午2:54，Martin, George D. <George.Martin@FaegreBD.com<mailto:George.Martin@FaegreBD.com>> 写道：
Thank you, Gilbert. We are working on some comments now and will report back after we and our client have had an opportunity to discuss them.

More shortly. Thank you for your patience.

Best regards,

George and Cloris

George D. Martin
Partner
george.martin@FaegreBD.com<mailto:george.martin@FaegreBD.com> Download vCard<http://www.faegrebd.com/vcard/george.martin.vcf>
D: +1 612 766 7055 | F: +1 612 766 1600

Faegre Baker Daniels LLP<http://www.FaegreBD.com>
2200 Wells Fargo Center | 90 South Seventh Street | Minneapolis, MN 55402-3901, USA

From: Xiaochuan Han [mailto:xiaochuan.han@bhrpe.com]
Sent: Monday, November 28, 2016 8:33 PM
To: mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>; '王昕'; Mesires, George R.; mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>; bulger@thorntonai.com<mailto:bulger@thorntonai.com>; eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>; 'Joan Mayer'; Martin, George D.
Cc: 'jonathan.li'; 'Jason Zhu'; '余飞强'; '叶桐'; dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>; JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>; 'Devon Archer'
Subject: 答复: BHR Directorship Issues

Dear all,

Could you please let me know your comments on the constitutional documents if any? In the interest of time, please sign off the revised docs (please see attached) if otherwise.

Many thanks!

Best,
Gilbert
BHR Partners

发件人: Xiaochuan Han [mailto:xiaochuan.han@bhrpe.com]
发送时间: 2016年9月22日 17:54
收件人: 'mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; '王昕' <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'bulger@thorntonai.com<mailto:bulger@thorntonai.com>' <bulger@thorntonai.com<mailto:bulger@thorntonai.com>>; 'eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>; 'hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>' <hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>>
抄送: 'jonathan.li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'Jason Zhu' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>; 'dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>' <dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>>; 'JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>' <JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>>
主题: 答复: BHR Directorship Issues

Dear Matthew and George,

I attach the revised articles of association, joint venture contract and equity transfer agreement for your reference and review. Please let me know if you have any comments. Thanks!

Gilbert
BHR Partners
发件人: Xiaochuan Han [mailto:xiaochuan.han@bhrpe.com]
发送时间: 2016年8月2日 11:06
收件人: 'mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; '王昕' <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'bulger@thorntonai.com<mailto:bulger@thorntonai.com>' <bulger@thorntonai.com<mailto:bulger@thorntonai.com>>; 'eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>; 'hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>' <hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>>
抄送: 'jonathan.li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'Jason Zhu' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>; 'dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>' <dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>>; 'JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>' <JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>>
主题: 答复: BHR Directorship Issues

Dear Matthew and George,

To accelerate the amendment process and to clarify, could you please first provide 3 certified true copies of the Certificate of Incorporation/Certificate of Formation and the Certificate of Incumbency? I attach the Rosemont precedent for your reference.

Please also kindly note that the bank reference letter shall be within 3 months as of the issue date and be addressed to your own firm.

Should you have any questions please let me know.

Many thanks!

Best,
Gilbert/BHR Partners
发件人: Xiaochuan Han [mailto:xiaochuan.han@bhrpe.com]
发送时间: 2016年8月1日 16:09
收件人: 'mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; '王昕' <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'bulger@thorntonai.com<mailto:bulger@thorntonai.com>' <bulger@thorntonai.com<mailto:bulger@thorntonai.com>>; 'eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>; 'hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>' <hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>>
抄送: 'jonathan.li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'Jason Zhu' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; '余飞强' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; '叶桐' <tong.ye@bhrpe.com<mailto:tong.ye@bhrpe.com>>; 'dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>' <dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>>; 'JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>' <JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>>
主题: 答复: BHR Directorship Issues

Dear Matthew and George,

Preliminarily, can you please provide, in relation to Ulysses and Skaneateles, certified true copies of:


(i) incorporation documents including certificate of incorporation, memorandum and articles of association;

(ii) other constitutional documents to the extent available (operating agreements, shareholder agreements etc);

(iii) a bank reference letter detailing the company’s accounts and financial information (banks should have their own house form).

Regulators will request additional documents from time to time so please bear with us as we proceed with the amendments.

Note: All incorporation documents shall be certified by a qualified lawyer and U.S. Embassy in China. Please see attached precedent for your reference.

Thanks,
Gilbert/BHR Partners

发件人: Matthew L. Schwartz [mailto:mlschwartz@BSFLLP.com]
发送时间: Tuesday, July 19, 2016 12:09 AM
收件人: 王昕 <xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>>; 'Mesires, George R.' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'Michael Leonard' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'James Bulger' <jbulger@thorntonai.com<mailto:jbulger@thorntonai.com>>; 'Eric Schwerin' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>; hbiden@rosemontseneca.com<mailto:hbiden@rosemontseneca.com>
抄送: 'Jonathan Li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>; 'YU, Felix' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>; David Nelson <dnelson@BSFLLP.com<mailto:dnelson@BSFLLP.com>>; Joseph Eno <JEno@BSFLLP.com<mailto:JEno@BSFLLP.com>>
主题: RE: BHR Directorship Issues

Xin-

After conferring with Devon, we wanted to take care of the following outstanding items as it relates to BHR, assuming it all meets with your approval.

1) Please consider Devon’s resignation letter that was emailed to you and which you reference below as a final version and please have his resignation take effect immediately.

2) Please disregard the letter which appoints Hunter to Devon’s Board seat. For the time being, we will leave Devon’s Board seat vacant.

3) We should begin the process to transfer the 20% of the shares of BHR owned by RSB immediately so that 10% will be owned by Skaneateles, LLC (of which the beneficial owners are Hunter Biden and Eric Schwerin) and 10% will be owned by Ulysses Diversified, Inc. (of which the beneficial owner is Devon).

4) Finally, we should begin the process to amend the Articles of Association so that the two Board Seats currently designated to RSB will be designated to Skaneateles, LLC and Ulysses Diversified, Inc, with each entity having a separate right to appoint one director. The three U.S. entities (Ulysses, Skaneateles and Thornton) will jointly designate a Vice-Chair.

I know Devon, Hunter and Jim have all agreed to the above and I am copying Jim Bulger, Hunter Biden, Eric Schwerin and George Mesires as well.

Thanks for your patience on this. Please let us know what additional information you need from us to affect the changes above.
Matthew L. Schwartz
BOIES, SCHILLER & FLEXNER LLP
212-303-3646 (Direct)
646-337-5787 (Mobile)


From: 王昕 [mailto:xin.wang@bhrpe.com]
Sent: Thursday, July 7, 2016 11:13 PM
To: 'Mesires, George R.'; Matthew L. Schwartz; 'Michael Leonard'; 'James Bulger'; 'Eric Schwerin'
Cc: 'Jonathan Li'; jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>; 'YU, Felix'
Subject: 答复: BHR Directorship Issues

Dear Matthew,

I received the attached from Devon in relation to his resignation from BHR’s board of directors and RSB’s appointment of Hunter Biden as his replacement. Please note that Hunter is an existing director of BHR. Devon mentioned that you might need to further formalize the letters, however, we need to process the resignation at the earliest and I would be grateful if you could confirm that the attached is in order. Additionally, I would also be grateful for your instructions on the proposed transfer of RSB’s shareholding in BHR to Ulysses, the relevant transfer documents as well as the incorporation documents of Ulysses would be required. Upon your confirmation, we will proceed to make the relevant filings with the PRC regulators.

Xin

Xin Wang 王昕
Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd.
渤海华美（上海）股权投资基金管理有限公司
Tel: +86 (10) 5969 5858 ext 816
Cel: +86 139 1162 0708
xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>

发件人: 王昕 [mailto:xin.wang@bhrpe.com]
发送时间: Friday, July 1, 2016 1:17 PM
收件人: 'Mesires, George R.' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'Matthew L. Schwartz' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; 'Michael Leonard' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'James Bulger' <jbulger@thorntonai.com<mailto:jbulger@thorntonai.com>>; 'Eric Schwerin' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>
抄送: 'Jonathan Li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; 'YU, Felix' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>
主题: 答复: BHR Directorship Issues

Dear Matthew,

I understand from Devon that he has given instructions for Boies to effect his resignation from BHR’s board and the amendment of his shareholding entity from the existing Rosemont Seneca Bohai LLC to Ulysses. As previously discussed on multiple occasions, please let us know what you need from our end to resolve these issues at the earliest. We have been fending inquiries regarding RSB and Devon’s involvement in ongoing SEC and Justice Department investigations and we urgently need to remove Devon for the time being from our director roster to avoid interruptions to BHR businesses.

Thanks.

Xin

Xin Wang 王昕
Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd.
渤海华美（上海）股权投资基金管理有限公司
Tel: +86 (10) 5969 5858 ext 816
Cel: +86 139 1162 0708
xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>

发件人: 王昕 [mailto:xin.wang@bhrpe.com]
发送时间: Tuesday, June 14, 2016 10:46 AM
收件人: 'Mesires, George R.' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'Matthew L. Schwartz' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; 'Michael Leonard' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'James Bulger' <jbulger@thorntonai.com<mailto:jbulger@thorntonai.com>>; 'Eric Schwerin' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>
抄送: 'Jonathan Li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; 'YU, Felix' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>
主题: 答复: BHR Directorship Issues

Dear Matthew and George,

I trust you have had a chance to speak to your respective clients since my last email and I am wondering if any updates are available on the matters raised therein.

Xin

Xin Wang 王昕
Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd.
渤海华美（上海）股权投资基金管理有限公司
Tel: +86 (10) 5969 5858 ext 816
Cel: +86 139 1162 0708
xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>

发件人: 王昕 [mailto:xin.wang@bhrpe.com]
发送时间: Tuesday, June 7, 2016 12:14 PM
收件人: 'Mesires, George R.' <George.Mesires@FaegreBD.com<mailto:George.Mesires@FaegreBD.com>>; 'Matthew L. Schwartz' <mlschwartz@BSFLLP.com<mailto:mlschwartz@BSFLLP.com>>; 'Michael Leonard' <mleonard@thorntonai.com<mailto:mleonard@thorntonai.com>>; 'James Bulger' <jbulger@thorntonai.com<mailto:jbulger@thorntonai.com>>; 'Eric Schwerin' <eschwerin@rosemontseneca.com<mailto:eschwerin@rosemontseneca.com>>
抄送: 'Jonathan Li' <jonathan.li@bhrpe.com<mailto:jonathan.li@bhrpe.com>>; 'jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>' <jason.zhu@bhrpe.com<mailto:jason.zhu@bhrpe.com>>; 'YU, Felix' <felix.yu@bhrpe.com<mailto:felix.yu@bhrpe.com>>
主题: BHR Directorship Issues

Dear Matthew and George,

Hope all is well since we last spoke. I am writing to follow up on the status of Devon’s resignation from BHR’s board / remuneration committee and the appointment of a replacement.

On a related note, I would also like to understand how Devon would like to deal with his shareholding in BHR through Rosemont Seneca Bohai. By way of background, we underwent a shareholder registration amendment last year with the Chinese regulators to change Devon’s shareholding entity from RST to the existing Rosemont Seneca Bohai (the process took altogether more than a year), we were subsequently instructed earlier this year to file another amendment to change Rosemont Seneca Bohai to Ulysses (an entity owned 100% by Devon) but that has been put on hold on account of present circumstances. From BHR’s perspective, we ask the relevant parties to consider, for the time being, a transfer by Rosemont Seneca Bohai of its shareholding to another entity (whether it is to RSP or Thornton or the management team) to avoid potential complications for our U.S. M&A deals and/or U.S. fundraising activities.

Happy to discuss over a call.

Xin

Xin Wang 王昕
Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd.
渤海华美（上海）股权投资基金管理有限公司
Tel: +86 (10) 5969 5858 ext 816
Cel: +86 139 1162 0708
xin.wang@bhrpe.com<mailto:xin.wang@bhrpe.com>


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