From: Salem Patel

Sent: 09 February 2013 14:57

To: Hisham Alrayes
Cc: Chandan Gupta;
Subject: Re: Leeds Cash flow

Hisham,
We are working hard to resolve, but this is not going to be solved by 20th feb.
If we don't pay salaries, there is real risk of administration, points deduction and us losing value in our
investment.
From: Hisham Alrayes
Sent: 09 February 2013 14:57
To: Salem Patel
Cc: Chandan Gupta;
Subject: Re: Leeds Cash flow

So find solution fast.

H. A.
On Feb 9, 2013, at 12:55 PM, "Salem Patel" wrote:
Hisham,
We are working hard to resolve, but this is not going to be solved by 20th feb.
If we don't pay salaries, there is real risk of administration, points deduction and us losing value in our
investment.

From: Hisham Alrayes

To: Salem Patel
Cc: Chandan Gupta; David Haigh Shaun.Harvey@leedsunited.com
Sent: Sat Feb 09 12:48:56 2013
Subject: Re: Leeds Cash flow

I think this is an issue that you and Shaun need to resolve. GFH don't run companies with such
subsidies.
H. A.
On Feb 9, 2013, at 12:11 PM, "Salem Patel" wrote:
Hisham,
Please find attached a note on Leeds cash flow issues. Please note importantly that the club requires
860k, by the 20th of this month to pay salaries.

Best Regards,
Salem Patel
Head of Investment Management | Investment Management
Gulf Finance House B.S.C.

Islamic finance pioneer, innovator and leader

gfh.com
This electronic message transmission is for the intended recipient only and may contain information which is confidential or privileged. If you are
not the intended recipient, be aware that any disclosure, copying, distribution, or use of the contents of this information including attachments is
prohibited. If you have received this electronic transmission in error, please completely delete it (and any attachments) and notify us by
telephone immediately or mail us at info@gfh.com. E-mail transmission cannot be guaranteed to be secured, accurate, complete or errorfree. All representations or warranties, express or implied, statutory or otherwise are hereby excluded. Nothing in this e-mail should be
construed as an offer, solicitation or recommendation, to acquire or dispose of any investment or to engage in any other transaction. Please
note that all e-mail communications to and from Gulf Finance House may be monitored. Gulf Finance House B.S.C. is a public joint stock
company incorporated in the Kingdom of Bahrain with CR 44136 and licensed as an Islamic wholesale bank by the Central Bank of Bahrain.