Subject: China notes
From: "Devon Archer" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Date: Tue, 6 May 2014 20:35:22 -0400

One note I forgot to mention:

- The first thing I forgot to mention before you left is that you should go
in with the attitude that; 'we (me and Devon) want to do this full time and
we see if we're capitalized and earning income we'll dedicate our
professional investment time to BHR.'  I think that positive attitude goes
a long way and truthfully we will not be able to ever achieve the scale
this has the potential to be if they convert.

Couple of notes;

- Lithuanian meat company; Biovela: Discuss with Michael and Jimmy and
they'll enroll who we need (Henry Zhoa has been briefed and can be helpful
here as well but Michael can project manage).  Basically, relay that you
met the CEO on Sunday and we need to organize a delegation in China to
bring them over with their Senior Leadership and the Lithuanian Minister of
"Food" and get approval from China Quarantine Ministry to import meat.

- Burisma as it relates to Bohai; Jonathan Li has been briefed: mention as
it relates to BHR's partnership with CNOOC we need to connect the dots and
that it's a strategic priority for us.

- Additional pro rata registered capital due from us: play it by ear.  Be
aware that in an absolute pinch I can do some financial gymnastics to fund.
 If and only if we are guaranteed a quick turn of management fee coming
back in our direction immediately.

- Rosemont Realty RREAF II: Suggest Bohai move ahead with structuring a
feeder fund or separate managed account, which they've discussed with us
and we've provided information and diligence for.  This is a simple fee
generative activity for us which we know works and we have the
infrastructure for.  We just need to urge them forward