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----- Original Message -----
From: David Gamperl [mailto:dgamperl@gamperl.com]
Sent: Thursday, June 23, 2011 06:50 AM
To: Sean Conlon
Cc: nghawi@mercantileinvestment.com <nghawi@mercantileinvestment.com>; Benjie Burford
Subject: Re: Engagement

Sean, the face value is over $21 billion, as each bond is worth over $2.1 billion (this could vary as it depends on each bonds series, etc...). We can employ a couple of different strategies in generating profits, which would yield revenue of 22% to par of the face value. A joint venture with a potential buyer is one likely methodology to which we would work together with a partner in achieving the highest value over a period of time. The other concept would be to sell a couple of bonds at a high discount and then deploy political capital and invest approximately $2 million per bond to provide full value to the bond. This is achieved by working with the central bank of brazil in registering (cetip number) the bond and then moving the LTN onto Euroclear. But, ultimately assigning a cusip/isen number to allow us to globally trade the bond at par or higher. This method then gives us incredible liquidity and/or high leverage capabilities. Just some thoughts and ideas that we will need to discuss. Thanks for all your help in putting this deal together. Ciao, David

Sent from my iPad

On Jun 23, 2011, at 4:34 AM, Sean Conlon <sean@conlonandco.com> wrote:

>
> ------Original Message------
> To: Hunter Biden
> Subject: Re: Engagement
> Sent: Jun 23, 2011 3:09 AM
>
> So we have engagement letter if they get other 10 bonds they have a face value of 10b. While it is far fetched Devon said he talked to his professor and these get traded. We get 10% in fees. We need to get these guys to an event or something where they get to just formally meet your Dad . For follow on they can talk to Chief of Staff . Let me know how soon we can do that. V brief. If Nagi gets that done we get more bonds to move. Regards your hard working partner in Positano! Sean
>
> ------Original Message------
> From: Hunter Biden
> To: Sean Conlon
> Subject: Re: Engagement
> Sent: Jun 23, 2011 2:43 AM
>
> Ok- what do we need to do moving forward? Sent from my iPad On Jun 23, 2011, at 1:37 AM, Sean Conlon <sean@conlonandco.com> wrote: Ok see below . Need to discuss. From: Nagi M Ghawi [mailto:nghawi@mercantileinvestment.com] Sent: Wednesday, June 22, 2011 10:27 PM To: Sean Conlon Cc: Gamperl David <dgamperl@gamperl.com> Subject: Engagement Dear Sean, I would like to confirm that I accept this letter of engagement based on 7% fees + 3% fees as a bonus if the first structured instrument (LTN) is executed within 60 days. This fee should cover all intermediaries' fee and any additional fee should come out from this one. We have access through Andre Lasserre connection to at least 10 LTN's but if we do not perform on the said meeting ASAP, we may not be in a position to have those LTN's at our disposal. Regards Nagi Ghawi <RSP - Mercantile Oil & Gas Corporation Proposal (June 2011)[1].pdf>
> __________________________________________ <unknown.jpg> Nagi M. Ghawi Chairman, President Mercantile Investment Group Holding Ltd 3 Church Street, Basseterre St. Kitts, West Indies nghawi@mercantileinvestment.com This communication (and any attachment) contains information that is confidential and may also be privileged. It is for the sole use of the intended recipient(s). If you are not the intended recipient(s) please be aware that any form of distribution, copying or use of this communication or information is strictly prohibited and may be unlawful. No confidentiality or privilege is waived or lost by any mistransmission. If you have received this communication in error, please return it with the title Received in error