UPSON COLUMBUS CORP Mr. Steven Miller CBH (Bahamas) Ltd. CBH House, East Bay Street P.O. Box N-1724, Nassau, NP. Bahamas Panama, October 20" 2013 ‘Subject: Martin Lustgarten , ANDAN LTD, HENLUX INC, ESL SERVICES INC, AVINTEL INTERNATIONAL INC, CHELSEA OVERSEAS LTD. Dear Mr. Miller, Martin Lustgarten is an Austrian citizen born and raised in Venezuela, who resides in Panama since 2010. Throughout his career, Mr. Lustgarten has been providing purchase order financing to corporate customers, startups and private individuals, using resources accumulated thru 30 years of work. His current net worth is in excess of USD. His main areas of operation are Textiles, Computing industry (Hardware and Software), Telecommunication’s, parts and accessories, and the services industry. He was also a registered broker in Venezuela and as such was, and is, very active in the foreign ‘exchange market with over 25 years of experience. Mr. Lustgarten’s customers are spread between Venezuela, Panama, USA and Hong Kong, while its customer base continually deals with providers in Asia, Europe. ‘Thru private foundations owned by Mr. Lustgarten and his wife, Claudia Fischbach de Lustgarten, they established different operating companies: + ANDAN LTD, a BVI company is an acronym for the name of his daughters, Andrea and Daniela Lustgarten. ANDAN LTD is used as a holding company to keep family savings and profits made in the foreign exchange market. The company keeps accounts with CBH, Credit Suisse, BSI, ,UBS, Andbanc, Berenberg and HSBC Banks, as well as a relationship with Dawson James a US broker dealer. This company was incorporated by Morgan & Morgan in BVI and the documents are in the custody of Morgan & Morgan in BVI. Salduba Building, 3" floor, East 53° Street, Urbanizacion Obarrio Panama, Republic of PanamaUPSON COLUMBUS CORP - HENLUX INC, a Panama company that serves as the main operating company (www.henlux.com). It serves the Textile, Computing and Parts and accessories industries. It holds fully owned subsidiaries in Hong Kong and Singapore as well as multiple banking relations with HSBC, DBS, CBH and Credit Suisse Bank. Each one of its subsidiaries file their own Income tax report in the different jurisdictions, with dividends then paid to its shareholder who in turn files its income tax in panama. This company was incorporated by Morgan & Morgan in Panama and the documents are in the custody of Morgan & Morgan in Panama. - ESL SERVICES INC, a Panama company that serves as one of the operating ‘companies. It serves the services industry including software integrators. It holds fully owned subsidiaries in Hong Kong and Singapore as well as multiple banking relations with CBH, HSBC, EFG, DBS, Standard Chartered and Hang Seng Bank. Each one of its subsidiaries file their own Income tax report in the different Jurisdictions, with dividends then paid to its shareholder who in turn files its income tax in panama, This company was incorporated by Morgan & Morgan in Panama and the documents are in the custody of Morgan & Morgan in Panama. + AVINTEL INTERNATIONAL INC, a Panama company that serves as one of the ‘operating companies. It serves the Telecommunication’s industry. It holds fully ‘owned subsidiaries in Hong Kong as well as multiple banking relations with HSBC, BSI, and DBS Bank. Each one of its subsidiaries file their own Income tax report in the different jurisdictions, with dividends then paid to its shareholder who in tum files its income tax in panama. This company was incorporated by Morgan & Morgan in Panama and the documents are in the custody of Morgan & ‘Morgan in Panama, - CHELSEA OVERSEAS LTD, a Panama company that will serve as one of the ‘operating companies. It has not commenced operations yet. It will hold fully ‘owned subsidiaries in Hong Kong as well as multiple banking relations with HSBC, Standard Chartered, and DBS Bank. Each one of its subsidiaries will file their own Income tax report in the different jurisdictions, with dividends then paid to its shareholder who in tum files its income tax in panama. This company is ‘going to target a specific industry which is Cell Phone and Tablet accessories and it is currently developing its customer base and due diligence on its potential customers. This company was incorporated by CBH Geneve and the documents are in the custody of CBH Geneve. Salduba Building, 3" floor, East 53° Street, Urbanizacion Obarrio Panama, Republic of PanamaUPSON COLUMBUS CORP Each one of the operating companies has its own profit center and industry it serves. Each cone has independent expenses, working capital, staff, intemal requirements and files its own tax declarations, with dividends paid annually to their respective shareholders and finally accumulated in ANDAN LTD, which holds the bulk of the savings for the Lustgarten family. Yours Sincerely, a ry de Beaumont, Salduba Building, 3 floor, East 53° Street, Urbanizacion Obarrio Panama, Republic of Panama