Panama Papers - Chetan Kapur and Kabir Kapur 8

From:
To:
Date:
Subject:
Attachment(s):
Daniel Len - Mossfon Trust

Ricardo Jimnez - Mossfon Trust
Oct 3, 2012, 10:54 AM
RE: Loan --- (2019300/ET/dl)
5
Estimado Ricardo, Buenos das.
Hemos recibo instrucciones del cliente de pagar las facturas de anualidad

2011 y 2012 de FAMILY AND CHILDREN CHARITABLE FOUNDATION de la cuenta
bancaria de la fundacin en en el BANK VONTOBEL AG. Abajo encontrars la
autorizacin del cliente, y adjunto FIVE EYES, facturas, y borrador del
Acta de Consejo de Fundacin para tu fcil referencia.
Se te asign el caso No. 2044745.
Muchas gracias por tu asistencia.
Saludos,
Saludos / Kind regards,

Daniel Len
Mossfon Building, 3rd Floor

54th E. Street, Panama
Tel. +507 206 9490 ext 262
www.mossfon.com
From: chetank@aimadvgrp.com [mailto:chetank@aimadvgrp.com]

Sent: martes, 02 de octubre de 2012 05:03 p.m.
To: Mossfon Trust Corporation
Cc: Edison Teano - Mossfon Trust; Jaqueline Alexander - Mossfon Trust
Subject: RE: Loan --- (2019300/ET/dl)
Dear Daniel,
Please proceed with payment of $3600*2=$7200 as agreed for Family and
Children Charitable Foundation for the periods 2011 & 2012.
Thanking you,
2044745
Case#________________
FIVEEYES INSTRUCTION FORM

EYES #1 TRUST EXECUTIVE / CORPORATE RESPONSIBLE: Edison E. Teano / Daniel Leon
Name of Client/ Company:
FAMILY AND CHILDREN CHARITABLE FOUNDATION
Date of Request:
October 3, 2012
The following details must be sent in the email to Financial Officer:

E-mail from the person in charge of the departmental account - Case assigned under Outgoing Wire Transfer.
E-mail or letter from the client requesting the transfer.
Details of the transfer (Bank name, Address, Swift/ABA/IBAN, account #, Name of Transfer Beneficiary).
Documentation that provides support of the transfer (invoice, contract, minutes, certificates).
Beneficiary of the Transaction:

Beneficiarys Acc. #:
MF TREASURER LTD.
Beneficiarys Bank Name: HSBC Bank (Panama) S.A.
0100022707
Amount to Transfer USD $ US$7,200.00
Date of Transfer:
October 3, 2012
MFG Fees USD $

Reason for the
Transaction:
Pago de facturas No.964535 y No. 965047.
Form of Payment:
Automatic Debit from Bank Account
Credit
EYES #2 BENEFICIARY OF THE TRANSACTION

Has Compliance Validated Beneficiary?
Yes
No
Check Expiry Date:
EYES #3FINANCIAL OFFICER RESPONSIBLE:

Verify if there are sufficient funds available in the account to process the request.
EYES #5 - Administrators
Approval:
Verify if Compliance has approved the beneficiary of the transaction.

Verify beneficiarys bank account number and transfer details.
Enter transfer details in Bank Account Module.

Verify if amount is acceptable in clients transactional profile.
Issue invoice.
Complete banks transfer form.
Revise that the transfer form was received by the bank and the transfer was effective. Communicate this to CA.
EYES #4 AUTHORIZED SIGNATORIES APPROVAL FOR TRANSFER

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments
Code: FAD-ADV-F-002
Rev.: 2
MOSSFON
MANAGERS
P.H. Edificio Mossfon, Calle 54 Este, Marbella, Panam, Repblica de Panam

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
PANAMA, REPUBLIC OF PANAMA
INVOICE No.:
965047
DATE:
December 29, 2011
ALL OUR INVOICES ARE PAYABLE

UPON RECEIPT
You can pay your invoices through our CLIENT INFORMATION PORTAL.
If you wish to subscribe to this service you can contact us by sending
an email to mftrust@mossfon.com
or call us at (507) 2069490.
Please make your transfer to MF Treasurer LTD. to the
following account:
Correspondent Bank: HSBC BANK USA N.A. New York
Address: 140 Broadway, New York, NY 10015, USA.
Swift: MRMDUS33 ABA: 021001088
Beneficiary Bank: HSBC BANK (Panama) S.A.
Address: Street 47 & Aquilino de La Guardia, Plaza HSBC Building,
Panama, Republic of Panama.
Swift: MIDLPAPA Account Number: 000141186
Beneficiary: MF TREASURER LTD.
Account Number: 0100022707
Please send us a copy of the wire transfer confirmation to:
mftcollections@mossfon.com
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
ANNUAL MAINTENANCE FEE FOR FULLY MANAGED SOLUTION

For the period from 1st January, 2011 to 31st December, 2011
4,000.00
TOTAL US$
4,000.00
Important Notice
In the event you are sending your payment after 15 December 2011, kindly send us the
total sum that appears in this row (Includes surcharge of the Annual Government Tax of
US$ 50.00).
4,050.00
NOTA / IMPORTANT NOTICE: Please include this invoice number and/or the name of the company for which the payment is intended.
MOSSFON
MANAGERS
P.H. Edificio Mossfon, Calle 54 Este, Marbella, Panam, Repblica de Panam

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
964535
DATE:
October 18, 2011

UPON RECEIPT
You can pay your invoices through our CLIENT INFORMATION PORTAL.
an email to mftrust@mossfon.com
or call us at (507) 2069490.
following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
ANNUAL MAINTENANCE FEE FOR FULLY MANAGED SOLUTION

For the period from 1st January, 2012 to 31st December, 2012
4,000.00
TOTAL US$
4,000.00
Important Notice
In the event you are sending your payment after 15 December 2012, kindly send us the
total sum that appears in this row (Includes surcharge of the Annual Government Tax of
US$ 50.00).
4,050.00
NOTA / IMPORTANT NOTICE: Please include this invoice number and/or the name of the company for which the payment is intended.
ACTA DE UNA REUNION DEL CONSEJO DE FUNDACION DE

(La Fundacin)
Una reunin del Consejo de Fundacin de FAMILY AND CHILDREN CHARITABLE FOUNDATION,
se celebr en el Edificio Mossfon, Tercer Piso, Calle 54 Este, Panam, Repblica de Panam el da 3 de
octubre de 2012 a las 9:00 a.m.
AVISO: Se dio la renuncia al aviso de convocatoria en cuanto a la fecha, hora, lugar y propsito de la
reunin por parte de quienes tienen derecho a ello.
PRESENTE: Estuvo presente el nico miembro del Consejo de Fundacin de la Fundacin, habiendo as el
qurum requerido, a saber:
FOUNDATION MEMBERSHIP INC. (Representado por Katia Solano y Francis Prez)
PRESIDENTA DE LA REUNION: FRANCIS PREZ,
MEMBERSHIP INC., actu como Presidenta de la reunin.
Directora y Presidenta de FOUNDATION
SECRETARIA DE LA REUNION: KATIA SOLANO, Directora y Subsecretaria de FOUNDATION

MEMBERSHIP INC., actu como Secretaria de la reunin.
SE RESOLVI:
Autorizar, como al efecto se autoriza, la transferencia de fondos por el monto de SIETE MIL
DOSCIENTOS DLARES CON 00/100 (US$7,200.00) de la cuenta No. 91140.001.001 que mantiene la
Fundacin con Bank Vontobel AG, a favor de MF TREASURER LTD., en concepto de pago de honorarios
profesionales.
Dichos fondos debern ser enviados de acuerdo a las siguientes coordenadas bancarias:
Intermediary Bank
Address:
Fedwire (ABA):
SWIFT:
Beneficiary Bank:
Address:
HSBC Bank USA N.A.

140 Broadway, New York, NY 10015,
USA
021001088
MRMDUS33
Account:
SWIFT:
HSBC Bank (Panama) S.A.

Street 47 & Aquilino de La Guardia,
Plaza HSBC Building,
Panama, Republic of Panama
000141186
MIDLPAPA
Beneficiary:
Account:
MF TREASURER LTD.
0100022707
CIERRE: No habiendo otro asunto que tratar, la sesin fue clausurada.
____________________________
FRANCIS PREZ
Directora/Presidenta de
FOUNDATION MEMBERSHIP INC.
nico miembro del Consejo Fundacional
________________________
KATIA SOLANO
Directora/Subsecretaria de
From:
To:
Date:
Subject:
Attachment(s):
Mossfon Trust Corporation

chetan.kapur@aimadvgrp.com
Oct 3, 2012, 10:03 AM
RE: Loan --- (2019300/ET/dl)
1
Dear Mr. Kapur,
We thank you for your payment confirmation, and will proceed accordingly.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: martes, 02 de octubre de 2012 05:03 p.m.
Dear Daniel,
Children Charitable Foundation for the periods 2011 & 2012.
Thanking you,
From: Mossfon Trust Corporation [mailto:mftrust@mossfon.com]

Sent: Monday, October 01, 2012 12:10 PM
To: chetank@aimadvgrp.com
Dear Mr. Kapur,
Thank you for your e-mail below.
Kindly take note that FAMILY AND CHILDREN CHARITABLE FOUNDATION was
incorporated in October 5, 2010, so the incorporation invoice No. 963036
in addition to the expenses and fees of incorporation, also included the
prorated fees for providing the Foundation Council and Registered Agent
until December 2010.
- The annual invoice No. 964535 in the amount of US$3,600.00

corresponds to the 2011 maintenance fees from January 1, 2011 through
December 31, 2012;
December 31, 2012.
In view of the above, once you provides us with your final authorization
to proceed with the settlement of the above-mentioned annual invoices from
the Foundations bank account, the Foundation will be in Good Standing in
the payment of annual fees up to December 31, 2012.
We hope we have clarified your doubts, otherwise, please feel free contact
us again.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: viernes, 28 de septiembre de 2012 08:41 p.m.
Also I think we started in sept 2011,therefore the payment of the annual

invoices will be valid till sept,2013.
Please advise?

Sent: Wednesday, September 26, 2012 5:20 PM
Cc: Daniel Len - Mossfon Trust; Edison Teano - Mossfon Trust
Subject: Loan --- (2019300/ET/dl)
Dear Mr. Kapur:
Thank you for your message below.
After reviewing this matter, we hereby confirm that our attached work
invoices in the amount of US$150.00 and US$800.00, respectively, do not
apply considering these services were covered within the acquisition
invoice in the amount of US$5,000.00. Please accept our apologies for
this misunderstanding.
As for the annual fee invoices for 2011 and 2012, both will be in the
amount of US$3,600.00 due to the fact the increase in the annual license
fee imposed by the Panamanian Government this year 2012 will be valid
since January 2013. This means that our 2013 annual invoice will be in
the amount of US$3,700.00.
AMENDMENT TO THE REGULATIONS

Reference is made to your message dated 25th September, 2012 requesting
the amendment to this foundations regulations appointing Mr. Kabir Kapur
as Beneficiary and Protector instead of Chetan Kapur.
Please note for this service we will charge the amount of US$550.00 plus
US$70.00 of courier expenses.
We look forward to receive your approval to make the wire transfer for the
settlement of the annual invoices and the Due Diligence documents
requested for Mr. Kabir Kapur (see attached).

Jaqueline Alexander
Corporate Administrator
Tel. +507 2055888 ext 277
www.mossfon.com

Sent: mircoles, 19 de septiembre de 2012 02:34 p.m.
Dear Daniel,
As per my understanding the annual invoices for 2011 & 2012 are $3600 &
$3700 respectively.
Dont these invoices cover the fees payable including the work invoices of
the foundation i.e. the $150& $800?

Awaiting ur confirmation.
Thanking you,

Sent: Wednesday, September 12, 2012 11:12 AM
Cc: Mossfon Trust Collection; Edison Teano - Mossfon Trust
Dear Mr. Kapur,
Thank you for your e-mail below. We proceed to answer your message as
follows:
FAMILY AND CHILDREN CHARITABLE FOUNDATION:

Thank you for your confirmation to proceed with the settlement of the 2011
and 2012 annual invoices of the Foundation in the amount of US$3,600.00
each. However, as informed in our e-mail below dated June 28, 2012, The
Government of Panama imposed, as of this year 2012, an increase in the
annual license fees paid by the Foundations in Panama from US$300.00 to US
$400.00, therefore, kindly take note that the right amount to settle for
the 2012 annual invoice is US$3,700.00.
On the other hand, kindly take note that the attached work invoices of the
foundation are still outstanding. Would you be so kind to confirm
whether these invoices can be also settled from the Foundations bank
account? We thank you for your confirmation.
OPLER COMPANY CONSULTING CORP.:

We have taken note of your comments below, and will proceed to take out
this company from internal controls. Therefore, there is no need that you
settle the outstanding annual fees owed by this company as you mentioned
below.
We thank you for your kind assistance, and look forward to hearing from
you.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: martes, 11 de septiembre de 2012 04:56 p.m.
Dear Daniel,
Children Charitable Foundation.Please can you revert with the period these
fees cover.
As Opler Consulting is not fully set up or being used,we dont feel
payment should be made there.
Thank you.

Sent: Thursday, August 16, 2012 12:56 PM
Dear Mr. Kapur,
We hope this message finds you well.
Would you please let us know whether you still need to wire the amount of
US$200,000.00 to Mrs. Bina Rai, as per our previous e-mails exchange? In
addition, we will appreciate to receive your comments regarding the
settlement of the outstanding work and annual invoices owed by the
Foundation to date.
Looking forward to hearing from you.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From: Mossfon Trust Corporation

Sent: viernes, 03 de agosto de 2012 09:35 a.m.
To: 'chetan.kapur@aimadvgrp.com'
Dear Mr. Kapur,
We hope you are doing well.
We are just following-up our e-mail below dated June 29, 2012.
We look forward to receiving your comments regarding the wire transfer, as

well as your comments regarding the settlement of the outstanding work and
annual invoices of the Foundation.
Many thanks and Kind regards,
Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: viernes, 29 de junio de 2012 05:25 p.m.
To: chetan.kapur@aimadvgrp.com
Cc: Edison Teano - Mossfon Trust
Dear Mr. Kapur,
We have reviewed the matter about the bank charges deeply, and we can
confirm you that, the charges in the US$178.00 and US$182.50 were not fees
charged by the Bank Vontobel, but fees charged by the intermediary bank of
the escrow agent involved in the operation (The Winterbotham Trust Company
Limited) for receiving the funds and for wiring them to Mrs. Bina Rai.
Kindly take note that our intermediation fees do not include the fees
charged by the bank. Our intermediation fees are 0.75% from the funds to
be received in our Escrow account, and also the time spent in drafting and
executing the supporting document for the wire transfer, in this case, the
loan agreement.
In regards to the reason of the wire transfer of US$200,000.00, kindly

take note that the supporting documents of the two previous wire transfers
in the amount of US$75,000.00 and US$72,000.00 established the same reason
i.e. opening an art advisory firm/gallery. Therefore, for this new
transfer, it is necessary to emphasize more on the reason of these funds,
so your further comments on this matter are highly appreciated.
In connection with the conference call, please let us know whether next
Monday at 9:00 a.m. (Panama time) is feasible for you.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: jueves, 28 de junio de 2012 04:47 p.m.
Hi Daniel
The purpose of the loan is the same as before I would use the last
signed agreement as the template on all aspects. Also if the transfer
forms need to be signed, please send this over.
I am surprised that Bank Vontobel is charging for wires as they mention

costs such as wires are included as part of their custody charges. Also my
understanding from Edison from the first wire was that this maybe a wire
charge on your side or from your escrow agent but I may have
misunderstood him. Pls double confirm that you feel this is a Vontobel
charge.
I will call tomorrow to finalize fees too. What is a good time to call?
thanks

Sent: Thursday, June 28, 2012 12:51 PM

Dear Mr. Kapur,
Thank you for your e-mail.
Below you will find our comments highlighted in red for your ease of
reference.
We look forward to hearing from you.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: mircoles, 27 de junio de 2012 07:11 p.m.
Importance: High
Hi Daniel
If I am following you correctly below-- The escrow fee is 0.75%. Thus

besides for the $565, the additional $178 was charged by Bank Vontobel
correct?. If this is the case, I will bring this up with them. Yes, the
escrow fee is 0.75%. The amount of US$178.00 was the bank s fee charged
by Bank Vontobel.

Technically the fee should be $540 for $72,000 and $562.5 for $75,000
@0.75% but this is a very small diff from $565 charged. You are right, so
in fact, there is a credit in your favor in the amount of US$27.60. This
amount can be considered and deducted in the new escrow operation that you
are requesting us to arrange.
However, on the first transfer of $75,000 also- besides for the $565 there
was a fee of $182.30. Was this also a Bank Vontobel charge? Or is this
possibly a charge from the escrow agent? The amount of US$182.30 is the
banks fee charged by Bank Vontobel.
The foundation is going to need to provide Bina Rai another loan for
$200,000 asap so can you please send over the necessary forms for
signing. Attached you will find the draft of the Loan Agreement for your
ease of reference. In addition to the agreement duly executed, would you
be so kind to let us know which is the purpose of this Loan so that we
make draft better the Agreement?
As it relates to the annual fees, as I am not using Opler I dont mind

letting this pass for now. On the foundation fees, can you tell me when
the foundation was formed so I better understand what period these fees
are for? Also what part of these fees go for govt fees? I will call
tomorrow to discuss, so we can settle this up. In connection with
Opler, since you are not using the company, please let us know whether we
can inactive the same in our system, so that it does not accumulates more
annual fees. On the foundation fees, kindly take note that the
foundation was incorporated in October 2010. The outstanding annual
invoices of the foundation are the maintenance annual fees pertaining to
the years 2011 and 2012. The government annual fee of the foundation
until last the year was US$300.00, however as of this year, there was an
increase in the license fee payable to the government for the foundations
from US$300.00 to US$400.00. The remaining fees are our annual fees for
acting as Resident Agent, for providing the Foundation Council, and for
appearing as the authorized signatories in the bank account at Bank
Vontobel. Please let us know whether can clear up the annual fees of
the Foundation from your bank account in order to proceed.
We trust we have clarified your doubts, otherwise, please feel free to

contact us anytime.
thanks

Sent: Friday, March 30, 2012 5:48 PM
Dear Mr. Kapur,
We thank you for your message below, and we extend our sincere apologies
for not getting back to you earlier on this matter.
In regards with the fees charged in the last wire transfer in the amount
of US$565.00, kindly take note that we sent instructions to the bank to
debit only the amount of US$565.00. Attached you will find the
instructions sent to the bank for your ease of reference. The additional
charges that you mentioned below are fees charged by the Bank Vontobel.
Kindly take note that our our fees for arranging wire transfers from the
Foundations bank account are US$90.00. This is the applicable fee in the
event that the money is sent from the Foundations bank account directly
to the beneficiary of the funds. However, in the previous wire transfers
sent to Mrs. Bina Rai, the money was not sent directly from the Foundation
s account, and we had to assign one of our trading companies to act as
the intermediary for receiving the funds from the Foundation in order to
wire them to Mrs. Rai afterwards. This is a service called trading
intermediation, and it is charged differently from the standard wire
transfer fee of US$90.00. For the provision of the aforementioned
service we charged you 0.75% from the total amount transferred through our
trading company.
In connection with the outstanding invoices reflecting in the attached

statement of account, kindly take note that they are the annual invoices
for the foundation and the company. However, we would be more than
pleased to offer you a discount of US$400.00 on each of the annual invoice
issued for OPLER COMPANY CONSULTING, and a discount of US$400.00 on each
of the annual invoice issued for the foundation.
Regarding the tax questions, please let us know the best day and hour for
you to have a conference call with Edison Teano in order to coordinate the
necessary.
We look forward to receiving your further comments.
Kind regards,
Saludos / Kind Regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: jueves, 29 de marzo de 2012 02:51 p.m.
Hi Edison Any word on the below. thanks
From: chetank@aimadvgrp.com
Sent: Thursday, March 01, 2012 1:51 AM
To: 'Mossfon Trust Corporation'
Cc: Edison Teano - Mossfon Trust (ETeano@mossfon.com)
Hi Edison, the last loan escrow processing fee was to come to $565+$75(per
your email below)=$640 in total. However, it seems the account was charged
$743. Pls can this be CR or explained.
I know we had agreed on 90bps as the all in rate in the past.
Also, any word on the tax questions sent prior from your contact.
Lastly, I received some structure annual fees that I do not follow and
would need to discuss, and that seem unusually high.
thanks

Sent: Tuesday, February 07, 2012 11:42 AM
Dear Mr. Kapur,
Just a few lines to let you know that yesterday we transferred the amount
of US$72,000.00 from our Escrow account to Mrs. Bina Rais bank account
as per your instrucitons.
Please do not hesitate to contact us if we can be of further assistance.
Kind regards,
Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: martes, 24 de enero de 2012 09:17 a.m.
To: Chetan Kapur
Subject: FW: Loan --- (1965369/ET/dl)
Dear Mr. Kapur,
We confirm safe receipt of your messages. Thank you.
We are proceeding with the execution of Loan Agreement as per the attached
draft provided you yesterday.
We will send you today a signed copy of the above-mentioned document, so

you can have it signed by Bina Rai. Kindly take note that a scanned copy
of the agreement signed by Bina Rai will suffice to arrange the wire
transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From: Chetan Kapur [mailto:chetan.kapur@aimadvgrp.com]
Sent: lunes, 23 de enero de 2012 03:26 p.m.

I found the last agreement, so have changed amount for this one. Pls see
attached.
I assume this is needed in original, thus please send 2 signed copies over
and Bina Rai will sign and return one. thanks
From: Chetan Kapur

Sent: Monday, January 23, 2012 3:16 PM
Cc: 'Edison Teano - Mossfon Trust'
Please find attached
From: Chetan Kapur

Hi Daniel Can you please keep to the exact same terms and wording for
the loan agreement as we had last time. As we spent time finalizing that,
it is best we use that. Thanks
Will send the authorization shortly. Pls instruct the wire asap
thereafter. thanks

Sent: Friday, January 20, 2012 11:27 AM
To: Chetan Kapur

Dear Mr. Kapur,
As per your request, attached you will find the draft of the following
documents for your ease of reference:
- Loan Agreement to be executed by Mrs. Bina Rai as Debtor;

- Authorization to be executed by you, as Protector of the
Foundation, whereby you authorize the Foundation Council to execute the
Loan Agreement and authorize the signatories of the bank account to
arrange the wire transfer;
- Additional authorization to be executed by you, as Protector of
the Foundation, whereby you authorize Mossfon Escrow SRL (the Escrow
Agent) to transfer the funds to Mrs. Bina Rai.
Once we receive a scanned copy of the attached documents duly executed, we

would be more than pleased to arrange the wire transfer accordingly.
Kindly take note that since the funds will be transferred to Mrs. Rai
using our Escrow services, the right fees are US$565.00, exactly as we
charged in the previous loan given to Mrs. Rai in the amount of US
$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From: Edison Teano - Mossfon Trust

To: Chetan Kapur
Cc: Daniel Len - Mossfon Trust
Subject: RE: Loan
Hi Chetan,
It is nice to hear from you. I am right now in London and returning to

Panama next.
I am copying Daniel Leon to coordinate the necessary to provide Ms. Rai

the loan and ask you to sign the necessary documents. Regarding the fees,
it is necessary that we charge all the expenses. However, for this
particular case we will charge our fees at US$75.
Daniel,
Please take action accordingly.
Kind regards,
Edison Teano
Trust Executive / Attorney at Law
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Sent: mircoles, 18 de enero de 2012 01:22 p.m.
To: Edison Teano - Mossfon Trust

Subject: Loan
Hi Edison Bina Rai requires an additional loan of $72,000 from the

Foundation asap. Can you please instruct bank Vontobel, and also send over
the necessary paperwork for signing.
Can we do this at the rate of 90bps all included-- for the escrow and any
other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):

Dayana Gmez - Administrative Coordinator
Oct 3, 2012, 9:59 AM
MODIFICACIN DE HONORARIO ANUAL
1
Buenos das Dayana
Te agradezco por favor si puedes modificar el siguiente cdigo anual:
Cliente: CHETAN KAPUR

Jurisdiccin: PMA
Tipo de honorarios: Annual fees
FA04 modificar a US$3,700.00
Gasto de proveedor:
US$400.00 - ANNUAL GOVERNMENT TAX
US$350.00 registered Agent
US$50.00 Foundation Council
US$800.00 - TOTAL
Quedo en espera de tu confirmacin y muchas gracias.

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Mossack Fonseca & Co. (Corporations MFL/MFT Section)
Oct 3, 2012, 9:55 AM
1
Buenos das compaeros,
Revisando el expediente de la fundacin en referencia, notamos que estn

facturando anualmente $0.00 por la provisin de Agente Registrado, cuando
el monto correcto debe ser US$350.00.
Ya estamos coordinando con el cliente el pago de nuestras facturas

anuales, por lo que en la prxima semana estaremos tambin coordinando el
pago de sus facturas. Les agradezco por favor corregir lo anterior en las
anualidades 2011 y 2012.
Muchas gracias por su asistencia con este asunto.

Cordiales saludos,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Oct 1, 2012, 12:10 PM
RE: Loan --- (2019300/ET/dl)
1
Dear Mr. Kapur,
Kindly take note that FAMILY AND CHILDREN CHARITABLE FOUNDATION was
incorporated in October 5, 2010, so the incorporation invoice No. 963036
in addition to the expenses and fees of incorporation, also included the
prorated fees for providing the Foundation Council and Registered Agent
until December 2010.

December 31, 2012;
December 31, 2012.
In view of the above, once you provides us with your final authorization
to proceed with the settlement of the above-mentioned annual invoices from
the Foundations bank account, the Foundation will be in Good Standing in
the payment of annual fees up to December 31, 2012.
We hope we have clarified your doubts, otherwise, please feel free contact
us again.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: viernes, 28 de septiembre de 2012 08:41 p.m.

Please advise?

Sent: Wednesday, September 26, 2012 5:20 PM
Subject: Loan --- (2019300/ET/dl)
Dear Mr. Kapur:


Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com

Dear Daniel,
$3700 respectively.

Thanking you,

Dear Mr. Kapur,
follows:


below.
you.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Daniel,
fees cover.
Thank you.

Dear Mr. Kapur,

Foundation to date.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,


Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,
loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.


contact us anytime.

thanks

Dear Mr. Kapur,
trading company.


necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com


thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur

Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
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From:
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CC:
Date:
Subject:
Attachment(s):

chetank@aimadvgrp.com
dleon@mossfon.com, Edison Teano - Mossfon Trust
Sep 26, 2012, 5:19 PM
Loan --- (2019300/ET/dl)
4
Dear Mr. Kapur:

Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com

Dear Daniel,
$3700 respectively.

Thanking you,

Dear Mr. Kapur,
follows:


below.
you.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com


Dear Daniel,
fees cover.
Thank you.

Dear Mr. Kapur,
Foundation to date.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,


Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,

loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.


contact us anytime.
thanks

Dear Mr. Kapur,

trading company.

necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur


From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,



$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
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SCHEDULE A DUE DILIGENCE REQUIREMENTS

MOSSFON TRUST CORPORATION
In order to comply with all applicable Compliance legislation, the User must submit to the
Provider the following Due Diligence documentation:
Photocopy of Users entire passport (all pages) apostilled and duly authenticated by a Notary
Public as a true copy of the original document and confirming that the photograph therein is a
reasonable likeness of the User (if applicable) ;
One (1) proof of residence, such as:
o Original credit card or original bank account statement showing the Users full
name and address; or
o Original monthly statement of account issued by any public utility service
(electricity, water, telephone, cable TV or Internet) supplied to the User, showing
the Users full name and address;
Two (2) bank reference letters from reputable banking institutions stating the date on which
the User became a client of each bank, respectively, and duly authenticated by a Notary
Public (if applicable);
One (1) professional reference letter from a lawyer, accountant or financial consultant, or a
business reference (any business) stating the date on which the personal relationship with the
User began, apostilled and duly authenticated by a Notary Public (if applicable); and
A brief curriculum vitae of the User, including all relevant information, such as full address,
age, education, marital status, main and secondary business, profession, activities, cities
where the User has lived, number of children, etc.
The Provider may refuse to provide its services to any User considered a Politically Exposed
Person (PEP). The User is therefore obligated to disclose to the Provider any circumstance
that may attribute to the User PEP status.
Under certain circumstances, and in order to complement the Know Your Customer
documents listed above, Mossfon Trust Corporation may request additional documentation
(such as personal financial statements and tax declarations, among others) to evidence the
Users source of funding.
Page 1 of 1
MOSSFON
MANAGERS
INSTRUCCION DE PAGO / PAYMENT INSTRUCTION

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966583
DATE:
July
18, 2012
ALL OUR INVOICES ARE

PAYABLE UPON RECEIPT
You can pay your invoices through our
ONLINE PAYMENT SYSTEM.
an email to mftcollections@mossfon.com or call us at (507) 2069490.
following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
OUR FEE FOR EXECUTION OF DOCUMENTS
150.00
Total US$
IMPORTANT NOTICE: Please include this invoice number and/or the name of the company for which the payment is intended.
150.00
Page 1 of 1
MOSSFON
MANAGERS

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966582
DATE:
July
18, 2012

following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
OUR FEE FOR DRAWING UP REGULATIONS
800.00
Total US$
800.00
From:
To:
Date:
Subject:
Attachment(s):
Edison Teano - Mossfon Trust

Wed, 26 Sep 2012 10:23:50 -0500
transfer
3
Dear Chetan,
Thank you for your message.
We will proceed accordingly. Can you please send us the attached due
diligence documents and information from Mr. Kabir Kapur.
Kind regards,
Edison Teano
Description: logo_mftrust
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: FW: transfer
Dear Edison,
Please change the protector and beneficiary as per the documents attached.
Thanking you,
=
From:
To:
Date:
Subject:
Attachment(s):

'chetank@aimadvgrp.com'
Sep 26, 2012, 5:19 PM
Loan --- (2019300/ET/dl)
4
Dear Mr. Kapur:

Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com

Dear Daniel,
$3700 respectively.

Thanking you,

Dear Mr. Kapur,
follows:

below.
you.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Daniel,
fees cover.
Thank you.

Dear Mr. Kapur,
Foundation to date.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,


Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,

loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com


Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.



contact us anytime.
thanks

Dear Mr. Kapur,
trading company.

necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,



$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
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Page 1 of 1
MOSSFON
MANAGERS

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966583
DATE:
July
18, 2012

following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
150.00
Total US$
150.00
Page 1 of 1
MOSSFON
MANAGERS

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966582
DATE:
July
18, 2012

following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
800.00
Total US$
800.00
From:
To:
CC:
Date:
Subject:
Attachment(s):

Jaqueline Alexander - Mossfon Trust
Sep 26, 2012, 11:23 AM
transfer
3
Dear Chetan,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Dear Edison,
Thanking you,
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From:
To:
Date:
Subject:
Attachment(s):

Sep 26, 2012, 4:31 PM
APERTURA DE CASO
1
Buenas tardes:
Favor abrir caso como sigue:
Attorney/Corporate Administrator:
EDISON TEANO
Substitutes:
JAQUELINE ALEXANDER
Jurisdiction:
PMA
Client:
29256 MR. CHETAN KAPUR
Type of Case:
AMENDMENT TO FOUNDATION REGULATIONS
File Number:
703809 Open Cases
Company/Case Name:
Management:
Mossfon Managers

Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Sep 12, 2012, 11:12 AM
RE: Loan --- (2019300/ET/dl)
3
Dear Mr. Kapur,
follows:


below.
you.
Kind regards,
Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Daniel,
fees cover.
Thank you.

Dear Mr. Kapur,
Foundation to date.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,


Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,
loan agreement.

Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.


contact us anytime.
thanks

Dear Mr. Kapur,
trading company.

necessary.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com


attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,



$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
Page 1 of 1
MOSSFON
MANAGERS

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966582
DATE:
July
18, 2012

following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
800.00
Total US$
800.00
Page 1 of 1
MOSSFON
MANAGERS

MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
INVOICE No.:
966583
DATE:
July
18, 2012

following account:
OUR REFERENCE:
MFM/29256/703809
SUBJECT:
150.00
Total US$
150.00
Bank Vontobel AG
Gotthardstrasse 43, CH-8022 ZUrich
Telephone +41582837111
www.vontobel.cor'n
Clearing: 8757, SIC: VONTCHZZXXX, CHE-116.300.767 VAT
CWent advisor
Stephan Keiser
Telephone +41 58 283 7138
Current account USD {USD}
Name
91140
Mandate
Account number
[BAN
91140,001
91140,001,001
CH03 0875 7000 0123 11745
..
Account statement
July 31. 2012
01.07,2012 until 31,07,2012

DebIt
Overview
Open; ng batance
Total credits
Total debits
Closing batance
Account balance
98.37
200 000.00
200 098.37
Date
Information
30.06.2012
10.07.2012
balance
Decrease:
USD, .15%,
29.06.2012, TC Deutsche Bank Luxembourg
SA, Luxembourg (112869)
31.07.2012
Clo.ing balance
"-=-'-----
Credit
.j
DebIt
Credit
Value date
Account balance
200000.00
12.07.2012
98.37
200 098.37
200 000.00 _ _ _ _
---::c==-:-::
200 098.37
We kindly ask you to check this account statement and, in the event of discrepancies. to send any objections in writing within four weeks
of the mailin9 date.
1I
Statement of assets as of July 31, 2012
Client lnfonnation
Name
Mandate
91140
91140.001
ClIent investment profile

Reference currency
Service type
USD
Account/custody account
Client advisor
Name
Stephan Keiser
Telephone
Fax
+41 58283 71 38
+41582837630
EMail
stephan.keiser@vontobel.ch
Bank Vontobel AG
Gotthard'trasse 43
CH8022 ZUrich
Fax +41 58 283 76 50
1.770.644
'0:
(iiI''', "0;",01
www.vontobel.com
')
Performance
Statement 01 assets as 01 July 31. 2012

created on August 01. 2012
91140.001
Overview of asset performance

USD
Performance from 01.01.2012 until 31.07 .2012
Starting value of assets as of 01.01.2012
3671 481
Net inflows, adjusted

Net inflows (Cash deposits/withdrawals and securities deliveries)
482085
Withholding tax
Total Net inflows. adjusted
482 085
Adjusted assets
4 153 566
Current earnings
Net income credited
3253
Accrued interest on purchases and sales
Change in accrued interest
256
Withholding tax paid

Total current earnings
3509
Changes in vatue
- 98835
Total return
- 95 326
Ending value of assets as of 31.07.2012
1.1iL!7fJ.044
4058240
Net performance, time-weighted (TWR)
- 2.30%
Net performance, money-weighted (MWR)
- 2.33%
I Performance
I Asset overview
DetaTted positions
I Appendix
I Page 2 019
')
Asset overview
Total assets
91140.001

created on August 01, 2012
assets by investment category and currency, valued in USD
uso
'wterm investments
Total
2 035 354 ,0.2%
2 035 354
,0.2%
2 022 886 49.8%
2 022 886
49.8'10
4 058 240 100.0'1,
4 058 240
100,0%
s
iE!:S
native investments
:Uaneous
. In USD
in foreign currency
4058240
lnge rate
ation by investment category
Allocation by currency
Short-term Investments
Bonds
USD
.ill
" Alternative investments
Miscellaneous
lOJi44
I Performance
I Asset overview
positions
I Page 3 of 9
l
)
Detailed positions
Short-term investments
T.
Description
Quantity

91140.001
Maturity
Yield to mat.
Risk
CUrT.
Cost price
Exchange r.te
Valuation
Exchange rate
Market price
Exchange rate
Ofo of net
assets
Market value USD
Accrued interest
in USD
:aunt investments
200098.37 Current account USD (U50)
!BAN CH03 0875 7000 012311745
USO
0.00 Current account Euro (EUR)

IBAN CH57 0875700001231174 3
EUR
--
---.
0.00 Current account Pound Sterling (GBP)

IBAN CH30 0875 7000 0123 11744
1 835 000 Fiduciary CaU U50. 0.15%
29.06.2012
Deutsche Bank Luxembourg SA, Luxembourg
48h
--- ...
GBP
USO
)rt-term investments
:rued interest
I Performance
1.2316
1.5668
1835000
256
45.22%
2 035 098
50.15%
256
:al short-tenn InYl!stments
.HO 1).:;4
4.93%
200098
2035354
j Asset
overview
I Detailed oositions
I Appendix
50.15%
I PaQe
4 of 9
Detailed positions

created on August 01, 2Q12
91140.001
ALternative investments
Security no.
[SIN
Description
lily
Risk curro
Cost price
Exchange rate
Market price
Exchange rate
Change price
Market value usa
% of net
Change total
Accrued interest
assets
in USO
native Investments USD

769 198.6 AARKAO PlC
- --------------------- -------38456.775 Denholm Hall Russia Arbitrage Fund ltd Redemption RA

Valuation: 30.11.2011
IlS0
1.51
10102361
USO
BMG2114W2871
USO
28.71
7.51
11366765
XOO113667659
USO
1 000.00
1 001.68
- 73.84',
-
288810
7.12%
1633
0.04%
1619
0.04%
1636
0.04%
-------
1.63 Harbinger L Holdings(Cayman)Ltd (SPV) L Series 0410

-------- --------
USO
0.17%
O.17Dfn
---------
1.7 Harbinger l Holdings(Cayman)Ltd (SPV) l Series 07/10
-------- -------1.51 Harbinger l Holdings(Cayman)Ltd (SPV) -l- Series 1-10
----
70,64i>
2665830
USO
6BOOB100C013
------------------
11652574
USO
XaOl16525748
USO
1000.00
952.29
11021234
USD
xaOl10212343
usa
1000.00
1083.26
-----
- 4.77%)
- 4.77%
8.33%
10745035
XD0107450351
USD
usa
1000.00
1414.92
41.49%
41.49%
1641
0.04%
3.41 Harbinger L Holdings(Cayman)Ltd (SPV) L- Series 2

10383840
XD0103838401
USO
usn
1000.00
3 701.10
270.11%
270.11%
12621
0.31%
.09 Harbinger L Holdings(Cayman)Ltd (SPV) L, Series 6

10458010
XD0104580101
USD
usn
1146.33
2 299.88
100.63'/,
100.63',
207
O.Ol/Q
1.16 Harbinger l Holdings(Cayman)ltd (SPV) -L- Series 10

I Performance
I Asset overview
I Detailed positions
I Appendix
IPage50f9
2
,', -.,
Detailed positions
Alternative investments
ntity
91140.001
Risk curr.
Securit.y no.
lSIN
Description
Statement of assets as of July 31. 2012

cneated on August 01. 2012
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market vawe USD
% of net
Accrued interest
assets
in usa
,mative investments USD (Continuation)
-
11157
0.27%
11160
0.27%
11020480
XD0110204803
25.28 Harbinger PE Holdings (Cayman) ltd (SPV) PE Series 0410

11366493
XOO113664938
usa
usa
1 000.00
441.44
- 55.86%
- 55.86%
22.68 Harbinger PE Holdings (Cayman) Ltd (SPV) PE Series 07/10

11652464
XD0116524642
USD
usa
1000.00
492.01
- 50.80%
50.80%
11159
0.27%
4752296
XOO047522962
USa
usa
1 000.00
377 .54
81462
2.01%
28.48 Harninger PE Holdings (Cayman) Ltd (SPV) PE Series 10

10745470
XD0107454700
USD
USD
1000.00
391.83
11159
0.27%
3.38 Harbinger PE Holdings (Cayman) Ltd (SPV) PE Series 6

10458218
XaOl04582180
USO
USO
1 834.96
391.08
1322
0.03%
10043196
XD0100431960
usa
USD
usa
422.79
26.39 Harbinger PE HoWings (Cayman) Ltd (SPV) PE Series 01-10

1000.00
57.72%
---------
------------
215.77 Harbinger PE Holdings (Cayman) Ltd (SPV) PE Series 1

1189.1332 Himelsein Mandel Offshore Ltd L Series lIn Liquidation

323.3363 Professional Offshore Opportunity Fund Ltd .(.
Vawation: 30.04.2012
[ Performance
770.644
I Asset overView
3380081
VGG7254Cl041
----USD
USD
929.29
1168.39
25.73%
25.73%
1 389 366
34.24%
USO
1 246.72
69.65
- 94.41',
22521
0.55',
94.41%
Appendix
__
60.82%
- 60.82%
78.69%
"41'4>0,
___ "
---
]..::';.- ., ... ,,,, _, _ ",,-,<-,-,-,
__.;.:.."
I Page 6 of 9
')
)
Statement of assets .s of July 31, 2012
91140.001
Detailed positions
Security no.
Oescription
tity
Risk curro
ISIN
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market value
usn
% of net
Accrued interest
in
'native investments
usa
assets
usa
(o.tinuation)
355,786 Quantek Opportunity Fund Ltd A Series 82008

Valuation:
4504510
XD0045045107
usa
usa
1 410.93
448.53
- 68.21%
- 58.21%
159 581
35.358 Quantek Opportunity Fund Ltd -A- Series 9 200S

4504666
XD0045046667
usa
usa
1461.93
447.78
- 69.37%
69.37%
15832
2 022 886
native investments
,ed interest
alternative inv.stments
assets (excluding accrued interest)
cd interest
assorts
.'3Wi
""J,
2022886
49.85%
4057 984
99,99%
256
4 058 240
I Performance
10.641,
----0.39%
I As!>ct overview
Appendix
100.00%
I Page 7 of9
From:
To:
Date:
Subject:
Attachment(s):

'chetan.kapur@aimadvgrp.com'
Aug 16, 2012, 12:55 PM
RE: Loan --- (2019300/ET/dl)
1
Dear Mr. Kapur,
Foundation to date.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,


Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,
loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.



contact us anytime.
thanks

Dear Mr. Kapur,

Kindly take note that our our fees for arranging wire transfers
Foundations bank account are US$90.00. This is the applicable
event that the money is sent from the Foundations bank account
to the beneficiary of the funds. However, in the previous wire
sent to Mrs. Bina Rai, the money was not sent directly from the
from the
fee in the
directly
transfers
Foundation

trading company.

necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.

Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur


thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,



$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):

Aug 3, 2012, 10:34 AM
RE: Loan --- (2019300/ET/dl)
1
Dear Mr. Kapur,


Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Dear Mr. Kapur,

loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com


Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.


contact us anytime.
thanks

Dear Mr. Kapur,

trading company.

necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.
Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
Bank Vontobel AG
www.vontobel.com
Clilaring: 8157, SIC: VONTCHZZXXX, CHE-116.300.167 VAT
Client advisor
Stephan Keiser
Telilphone +41 58 283 71 38
CUrrent account USD (USD)

Name
91140
Mandate
Account number
IBAN
91140,001
91140,001.001
CH03 0875 7000 0123 1174 5
Money market: Fiduciary deposit decrease

July 10, 2012
Order number 171586914

As per your instructions, we have reduced your 48h call deposit as follows:
Placement with
Deutsche Bank luxembourg SA, Luxembourg

Fiduciary Call USO, ,15%,29,06.2012, TC Deutsche Bank Luxembourg SA,
Luxembourg (112869)
Previous amount
New amount
USD
USD
2'035'000.00
1'835'000.00
Decrease
Duration
Interest pay period
interest rate
June 29, 2012 until cancelled

end of quarter
0.15% p.a. (variable)
usa
200'000.00
Statement of assets as of June 30, 2012
ClIent information
Name
Mandate
91140
91140.001
Client investment profile

Reference currency
Service type
usa
Client advisor
Name
Telephone
Fax
E-Mail
Bank Vontob<!l AG
Gotthardstrasse 43
CH-8022 ZUrich
Fax +41 58 283 76 50
www.vontobeLcom
l6EU.06
I
'0.12)",0:'
Stephan Keiser
+41 58 283 71 38
+41 58 283 76 30
stephan,keiser@vontobet.ch
'\
')
Content
Page
PerfOrmance
Asset overview
Total assets
Detailed positions
investments
Important Information
68.60&
I
I hn:4,<c11
I Page 1 of 9
"l
'\
Performance
91140.001
Statement of assets a< of June 30, 2012

created on June 30, 2012

usa
Performance from 01.01.2012 until 30.06.2012
3671481

Net inflows (Cash depOSits/withdrawals and securities deliveries)
482 085
Withholding tax
Total Net inflows, adjusted
482 085
4153566
Adjusted assets
Current .".,.""
...
Net income credited
3 253
Accrued interest on purchases and sates
3262
Changes in value
98835
Total return
- 95 573
1>8.606
4057993
- 2.30%
- 2.35%
I Performance
I A',.set overview
I Detailed uositions
I Appendix
I Paoe 2 of 9
Asset overview
Total assets

91140.001
,al assets by investment category and currency, valued in USD

USD
lrt-term investments
Total
2 035 107
50.2%
2 035 107
50.2',
2 022 886 49.8%
2 022 886
49.8%
4057993 100.0%
4057993
100.0',
lds
lities
ernative investments
,cellaneous
alln USD
al in foreign currency
4057993
'hange rate
)Cation by investment category
1.358.605
Short-term Investments
USD
Bonds
Equities
Alternative Investments
Miscellaneous
I Performance
I Asset overview
I Detailed
positions
I Appendix
I Paqe 3 of 9
Detailed positions
Quantity
91140.001
Maturity
Yield to
Risk curr,
Cost price
Exchange rate

Valuation
Exchange rate
Market price
Market value USO
% of net
Exchange rate
"'ccrued interest
assets
in USD
mat.
unt investments
98.31 Current account USC (USO)
IBAN CH03 0875 7000 012311745
USD

IBAN CH57 0875 7000 012311743
EUR
1.2691

IBAN CH30 08757000012311744
GBP
1.5685
2 035 000 Fiduciary Call USO. 0.15%

29.06.2012
Deutsche Bank Luxembourg SA. Luxembourg
48h
98
------
USD
rt-term investments
'ued interest
2 035 098
I Performance
50.15%
.1 short-term Investments
1fi8.506
2035 000
8
2 035 107
I Asset overview
I Oetaned .ositions
I Aooendix
50.15%
I POo" 4 of 9
Detailed positions
tity
Description
91140.001
Security no.
Risk eurr.
!SIN
Statement of assets as of June 3D, 2012

create<! on June 3D, 2012
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market value USD
% of net
Accrued interest
assets
in USD
ative Investments USD

769 198.6 UNITS AARKAD PLC RED PREF SHS
2665830
USC
G800B100(013
USC
1.57
10102361
USC
BMG2714W2871
USD
28.71
7.51
73.84%
- 73.84%
288810
USC
USD
1000.00
1001.68
0.17%
1633
USD
1000.00
952.29
4.77%
- 4.71%
1619
0.04%
----usa
usa
1000.00
1083.26
8.33%
8.33%
1636
0.04%
10745035
XD0107450351
usa
1000.00
1414.92
3.41 UNITS HARBINGER CLASS L SERIES 2

10383840
XD0103838401
USD
USD
1 000.00
3 701.10
.09 UNITS HARBINGER CLASS L SERIES 6

10458010
XOO104580101
USD
USD
1 146.33
2 299.88
38456.775 UNITS DENHOLM HALL RUSSIA ARBITRAGE FUND LTO -R-AValuation: 30.11.2011
1_63 UNITS HARBINGER CLASS L SERIES 04-10
1.7_ UNITS HARBINGER CLASS L SERIES 07/10
1.51 UNITS HARBINGER CLASS L SERIES 1-10

68.606
I Performant.:
I Asset overview
11366765
XD0113667659
-------11652574
USD
XD0116525748
11021234
XOO110212343
----
-----
-----7.12%
-----
0.04%
----
---USD
1641
0.04%
270.11%
270.11%
12621
0.31%
100.63%
100.63%
207
0.01%
41.49%
-----
I Detailed Dositions
Aooemllx
I PMP Ii nfO
Detailed positions
Description
,ntity

91140.001
Security no.
ISIN
Risk curro
Cost price
Exchange rate
Market price
Exchange rate
Change price
(hange total
Market value USD

Accrued interest
in usa
% of net
assets
;emative investments USD (Continuation)

usa
11020480
XaOll0204B03
usa
1000.00
422.79
- 57.72%
57.72'10
11157
25.28 UNITS HARBINGER CLASS PE SERIES 0410

11356493
usn
Xa0113564938
usa
1000.00
441.44
55.86%
- 55.86%
11160

11652464
XD0116524642
usa
USD
1 000.00
492.01
4752296
XD0047522962
usa
USD
1000.00
377 .54
62.25'10
81462
2.0n,

10745470
usa
XDOI07454700
USD
1000.00
391.83
- 60.82'10
60.82'10
11159
0.27'10
3.38 UNITS HARBINGER (LASS PE SERIES 6

10458218
usa
xa0104582180
USD
1834.96
391.08
- 78.69'10
78.69%
1322
0.03%
1189.1332 UNITS HIMELSEIN MANDEL LSERIES 1

1004319.
usa
xaOl00431950
usa
929.29
1 168.39
25.73%
25.73'1,
1 389 366
34.24%
3380081
VGG7254CI041
usa
1 246.72
.9.65
94.41%
94.41%
22521
0.55%

0.27%
- - ---------------
11159
50.80%
- ---------------
215.?? UNITS HARBINGER CLASS PE SERIES 1

323.3353 UNITS PROFESSIONAL OFFSHORE OPPORTUNITY FUND LTD .(.

l.J6!U;OS
Performance
I Assf't nvervif'w
I n.tail.d
USD
Annennix
I Paae 6 nf9
Detailed positions

91140.001
,ntity
Security no.
Oescription
Risk curL
ISIN
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market value usa

Accrued interest
in usa
% of net
assets
:ernatlve investments USD (Dntin.atiDn)

355.786 UNITS QUANTEK OPPORTUNITY A SERIES 8 2008
4504510
XOO045045107
USD
usa
1410.93
448.53

4504666
X00045046667
USo
usa
1461.93
447.78
159 581
- 69.37'1,
15832
0.39%
2 022 886
49.85%
- 69.37"1,
:rued interest
tal alternative Investments
:at assets (excluding accrued interest)
:rued interest
2 022 886
49.8S%
4 057 984
100.00%
tal assets
'1368.506
- 68.21%
- 68.21'1'0
4 OS] 993
I Performaoe:e
I Asset overview
I Oetailed Dositions
I Aooendlx
100.00%
I Paa. 7 of 9
Bank Vontobel AG
Gotthardstrasse 43, CH-8022 lurich
Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, alC: VONTCHZZXXX, CHE-116.300.767 VAT
CLIent advisor
Stephan Keiser
Telephone +41 58 283 71 38
Current account USD (USD)
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 1174 5
Account statement
01.06.2012 until 30.06.2012
June
O.emew
Opening balance
Total credits
Total debits
Closing balance
Debit
Credit
2035 186.54
98.37
::::;:::::::,.:;.=::====.. ---.---- ----.
-31c.t)7.-f612---
05.06.2012
Placement: FidudalY Call USD, .15%,

06.06.2012-28.06.2012, TC Deutsche aank
Luxembourg SA, Luxembourg (110837)
==-:;=.. . __
Ord_er.number
_ _ _ _ __
Periodic fees 91140.001
22.06.2012
.,-:--:-::--:-:-c.,----- Order number 169745237
26.06.2012
Close: FidudalY Call usn, .15%,
06.06.2012-28.06.2012, TC Deutsche Bank
Luxembourg SA, Luxembourg (110837)
27 .06.2012
Placement: FiducialY CaU USD, .15%,
29.06.2012, TC Oeutsche Bank Luxembourg
SA, Luxembourg (112869)
_ _ _ _ _ Order number 170276122
2035000.00
1 004.45
Closing balance
Vatue date
Account balance
. .- . ----2
06.06.2012
916.28
- -.. - -_.. .- -_.. _=

2 035 186.54
2035000.00
4 071 004.45
30.06.2012
Account balance
2035916.28
4071004.45
::D"'at:::e_ _ _ _ ::In"'f"'orm=a:::ti:::on=--_ _ _ _ _ _ _ _ _ _ _ _ _--CD:::e::b.:.:it _ _ _-,C::.;re::d:;.:it

-
2012
2035 186.54
30.06.2012
- 88.17
28.06.2012
2 035 098.37
29.06.2012
98.37
_ _ _ _ _-::-::-::-=
98.37
We kindly ask you to check this account statement and, in the event of discrepancies, to send any objections in writing within four weeks
of the mailing date.

Bank Vontobel AG
Gotthardstrasse 43. CH-8022 Zurich
www.vontobeLeom
Clearing: 8757. BIC: VONTCHZZXXX. CHE-116.300.767 VAT
CLient advisor
Stephan Keiser
Telephone +41 58 283 71 38
Current aecuunt USD (USD)
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 70000123 1174 5
Placement fiduciary: (all redemption

June 26. 2012
On June 28. 2012 your fiduciary investment will be red<aemed

Placement with
Amount
Duration
Interest pay'; d
Interest rate
your credit
Deutsche Bank Luxembourg SA. Luxembourg

Fiduciary Call USD15%. 06.06.201228.06.2012, TC Deutsche Bank Luxembourg
SA, Luxembourg (11 083 7)
USD
2'035'000.00
USO
186.54
usn
2'035'186.54
June 6, 2012 - June 28. 2012 (22 days)

-end of qmnm
0.15% p
V.lue
........ _ _
...
June 28. 2012
Bank Vontobel AG
Gotthardstrasse 43, CH8022 Zurich
Telephone +41 58 283 71 11
www.\lontobeLcom
Clearing: 8757,
arc: VONTCHZZXXX, CHE116.300.767 VAT
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38

Current account
Name
usa (USO)
Mandate
Account number
IBAN
91140
91140.001
91140.001.001
CH03 0875 7000012311745
Placement fiduciary: CaU investment

Order number 170276"'1"'2.:o.2_ _ _ _ _
_ _ _ __
June 27, 2012
following your instructions and based on the fiduciary agreement, we carried out in our name, but
for your account and risk, the following investment
Placement with
Oeutsche aank luxembourg SA, luxembourg

Fiducial)' Call USQ, .15%, 29.06.2012, TC Oeutsche Bank luxembourg SA,
luxembourg (112869)
Amount
-'IYifriitron"
29;-ZOlfUntltcancclled
Interest pay period

Interest rate
Calculation basis
end of quarter
French (actuaV360)
To your debit
Value June 29, 2012
usn
USD
2'035'000.00
----
2'035'000.00
Bank Von tobel AG

Gotthardstrasse 43. CH-8022 ZUrich
Telephone +41 58 283 7111
www.vontobel.com
Clearing: 8757. BIC: VONTCHZZXXX, CHE-116.300.767 VAT
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38
Current account USD (USO)

Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 1174 5
Debit advice
June 22. 2012

On June 22, 2012 we debited your account with
Fee period
01.04.12 to 30.06.12
Account/custody account maintenance fee
usn
-1'004.45
USD
1'004.45
Net
To
debit
Value June 30, 2012
From:
To:
Date:
Subject:
Attachment(s):

Mossack Fonseca & Co. (Collection Department)
Jul 5, 2012, 3:45 PM
CAMBIO DE CREDIT RATING
4
Reminder.

Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com
From: Jaqueline Alexander - Corporations

Sent: viernes, 22 de junio de 2012 07:59 a.m.
To: Maruquel Osorio - Collections
Cc: Joanna Soto - Attorneys-at-Law
Subject: CAMBIO DE CREDIT RATING
Estimada Maruquel:
Luego de conversar con Joana, acordamos que por favor procedas con el
cambio de credit rating temporal para el cliente 29256 - MR. CHETAN KAPUR
y el cliente 26490 - HUGH COCHRANE para proceder con la facturacin y
cierre de los siguientes casos:
BVI
1982944
HUGH COCHRANE
VILLAY ASSET MANAGEMENT LIMITED
6003201
1. EXECUTION OF DOCUMENTS / SENT OF DOCUMENTATION
15-03-2012
Description: Description: Click here to see the attached documents.
Description: Description: Status Updated
BVI
1951082
HUGH COCHRANE
6003201
1. EXECUTION OF DOCUMENTS / SIGNED BY A DIRECTOR OF THE COMPANY
06-12-2011
BVI
1871265
HUGH COCHRANE
6003201
1. EXECUTION OF DOCUMENTS / CERTIFICATE TO BE DEPOSITED WITH JPMORGAN
08-04-2011
PMA
1959444
MR. CHETAN KAPUR
703809
1. EXECUTION OF DOCUMENTS / ONLINE BANKING
30-12-2011
Description: Description: Click here to see the last special instruction.
Description: Description: Status not yet Updated
PMA
1900033
MR. CHETAN KAPUR
703809
1. DRAWING UP REGULATIONS
04-07-2011
Lo antes solicitado es debido a que los casos se procesaron antes de que

MFT trabajara en base a credit rating y no se solicit pago por
adelantado.

Una vez facture, te estar informando para que reverses los credit rating
a 5.
Quedamos en espera de tus comentarios.

Jaqueline Alexander
Description: cid:image004.jpg@01CD4FCF.867520A0
Tel. +507 2055888 ext 277
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Mossack Fonseca & Co. (Collection Department)
Jul 5, 2012, 3:45 PM
CAMBIO DE CREDIT RATING
4
Reminder.

Jaqueline Alexander
Tel. +507 2055888 ext 277
www.mossfon.com
From: Jaqueline Alexander - Corporations

Sent: viernes, 22 de junio de 2012 07:59 a.m.
To: Maruquel Osorio - Collections
Cc: Joanna Soto - Attorneys-at-Law
Subject: CAMBIO DE CREDIT RATING
Estimada Maruquel:
Luego de conversar con Joana, acordamos que por favor procedas con el
cambio de credit rating temporal para el cliente 29256 - MR. CHETAN KAPUR
y el cliente 26490 - HUGH COCHRANE para proceder con la facturacin y
cierre de los siguientes casos:
BVI
1982944
HUGH COCHRANE
6003201
1. EXECUTION OF DOCUMENTS / SENT OF DOCUMENTATION
15-03-2012
BVI
1951082
HUGH COCHRANE
6003201
1. EXECUTION OF DOCUMENTS / SIGNED BY A DIRECTOR OF THE COMPANY
06-12-2011
BVI
1871265
HUGH COCHRANE
6003201
1. EXECUTION OF DOCUMENTS / CERTIFICATE TO BE DEPOSITED WITH JPMORGAN
08-04-2011
PMA
1959444
MR. CHETAN KAPUR
703809
1. EXECUTION OF DOCUMENTS / ONLINE BANKING
30-12-2011
Description: Description: Click here to see the last special instruction.
PMA
1900033
MR. CHETAN KAPUR
703809
1. DRAWING UP REGULATIONS
04-07-2011
Lo antes solicitado es debido a que los casos se procesaron antes de que

MFT trabajara en base a credit rating y no se solicit pago por
adelantado.

Una vez facture, te estar informando para que reverses los credit rating
a 5.
Quedamos en espera de tus comentarios.

Jaqueline Alexander
Description: cid:image004.jpg@01CD4FCF.867520A0
Tel. +507 2055888 ext 277
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Jun 29, 2012, 6:24 PM
RE: Loan --- (2019300/ET/dl)
1
Dear Mr. Kapur,
loan agreement.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel

charge.
thanks

Dear Mr. Kapur,
reference.

Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel

by Bank Vontobel.


contact us anytime.
thanks


Dear Mr. Kapur,
trading company.

necessary.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur

Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan

Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
co
anI<: VOnWDet Au
Gotthard.tra.se 43, CH-8022 Zurich

Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, BIC: VONTCHUXXX, CHE-1l6.300.767 VAT
:>
Client advisor
Stephan Keiser
Telephone +415828371 36
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 11745
Placement ftdudary: Call investment
f"
June 05, 2012
Following your in.truction. and ba.ed on the fiduciary agreement, we carried out in our name, but
fur your account and risk, the following inve.tment
Deutsche Bank Luxembourg SA, Luxembourg
Fiduciary eau usn, .15%, 06.06.2012, TC Deutsche Bank luxembourg SA,
luxembourg (110837)
Placement with
-Amount
Interest pay period

Intere.t rate
ealculation basis
To yt)U'(jebit
usn
2'035'000.00
A,M
USB
2'035'000.00
_______
..
_4
clune !I;It2 until caneetred

end of quarter
French (actual/360)
.._._..
June 6. 2012
_.________.__..
,-
i
i
Page 1 of 1
1.11,\}23Jl{!9
'
iI
'
Bank Vontobel AG
Gotthardstrasse 43, CH-8022 lUrich
Telephone +41 58 283 71 11
z
o
www.vontobeLcom
>
Clearing: 8757, BIC: VONTCHllXXX, CHE-116.30Q,767 VAT
Client advi.or
Stephan Keiser
Telephone <41 58 283 71 38
,....
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 08757000012311745
Account statement
01.05.2012
May 31, Z012
_ _ _ _ _ _ _ _ _ __
Debit
Dverview
Date
---"
I""'"
Account balance
Credit
28 219,22
Opening balance
Total credits
Total debits
Closing balance
2007697.06
2035916,28
Information
--._.""-"-"
- - " '..Debit
--
- - Credit
Value date
Account balance
3004i{)12 _ ,__
_ _ _.. ,,___._ _' _ _ _, _ _ _ _ _ _ _ _ _ _2ll319.Z.c.
03,05.2012
Cash distribution PROF OfFSHORE OPPORTU4839.70 30.04.2012
33058.92
NIlY FUND
Close: Fiducia'Y Time USD, .6%,
2002857.36 29.05.2012
2 035 916.28
25.05.2012
27.02.2012-29.05.2012, Te BNP Paribas S.A.,
Amsterdam (102146)
Total turnover
2 007 697.06
31.05.2012
-----Closing balance
2035916.28
,o
c
:.<7.86':<.191
Paq. 1 of
Statement of assets as of May 31, 2012
Client Information
Name
Mandate
91140
91140.001
Client Investment profile

Reference currency
Service type
USD
Client advisor
Name
Telephone
Fax
[-Mail
Bank Vontobel AG
Gotthardstrasse 43
CH-8022 Zurich
Ii
1.17.B60.616
I
,,,1'1-",01
Telephone +415828371 11
Fax +41 58 283 76 50
www.vontobcl.com
Stephan Keiser
+41582837138
+41582837630
Content
Pay
Performance
Asset overview
Total assets
Detailed positions
investments
AlternatIve investments
Important information
L 17,800,1)16
h21i I
I Page 1 of
Petformance
Statement of assets as of May 31. 2012

91140,001

usa
Performance from 01.01.2012 until 31.05,2012
3671 481

482085
Withholding tax
482 085
4153 566
Adjusted assets
Current
Net income credited
3067
o
o
o
in accrued interest
Totat current earnings
3067
Changes in value
- 97 831
- 94 764
Total return
Iii
1.l! 860,616
I!
i na71 ,.lh;,iCl
4058802
- 2.28%
- 2.34%
I Performance
Asset overview
Detailed positions
I Appendix
I Page 2 of9
Asset overview
Statement of assets as of May 31, 201;

created on June 01. 201;
91140.001
Total assets
Totala.sets by Investment category and currency, valued in USD
uso
Total
50.1%
2035916
50.2%
1 011 886 49.8%
2022886
49.8'1,
1 03S 916
Bonds
Equities
Miscellaneous
----
Total in USD
4 058 802
4 058 802 100.0',

.. - - - -
Total in foreign currency

Exchange rate
-----100.0
4 OSS 802
Allocation by investment category
Bonds
USD
II
';,i
AlterratJve investments
Miscellaneous
l.t7.SliO.tilb
! I n0{l:!
xvu I
Pe-rformanC
I Asset overview
I Detaitt'u positions
I Appendix
I Page 3 of
Detailed positions
Curro
Quantit.y
Oescription
Statement of ,ssets as of May 31, 2012

91140.001
Maturit.y
Yield to
mat.
Rh,k
CUtr.
Cost price
Valuation
Exchange rate
Exchange rate
Market price
Exchange rate
Market value USC
% of net
Accrued interest
assets
in
usa
Accountinvesbnents
USC
2035916.28 Current account USC (USC)

IBAN CH03 0875 70000123 11745
usa
EUR
0.00 Current ,ecount Euro (EUR)

IBAN CH57 0875 70000123 11743
EUR
GBP

IBAN CH30 0875 70000123 11744
2035916
GBP
An \/tll &'9,',0
I Performanc<:
1.5392
o
2035916
50.16%
Total short-term Investments
1.17.860,/)16
-_._--
Accrued interest
1.2364
50.16%
2035916
I Asset overview
I Detailed position.
I Appendix
50.16%
Page 4 of 9
Detailed positions
Quantity
[)escription
Statement of assets as of May 31. 201

created on June 01. 201
91140.001
Security no.
ISIN
Risk
CUff.
Cost price
Exchange rate
Change price
Change total
Market price
Exchange rate
'D of net
Market value usa

Accrued interest
in USD
assets
Alternative investments USD

769 198.6 UNITS AARKAC PLC REO PREF SHS
2665830
USa
GBOOBIOQCD13
usa
1.57
..
.-
7.12'
usa
28.71
1.63 UNITS HARBINGER CLASS LSERIES 04-10

11366765
USD
XOO113667659
usa
1000.00
1001.68
0.17%
0.17%
1633
0.04
1.7 UNITS HARBINGER CLASS LSERIES 07/10

11652574
usa
XD0116525748
USD
I 000.00
952.29
- 4.77%
- 4.77%
1619
0.{)4'
1.51 UNITS HARBINGER CLASS L SERIES 1-10

11021234
USD
xaOll0212343
usa
1 000.00
1 083.26
1636
0.04
1.16 UNITS HARBINGER CLASS LSERIES 10

10745035
XDOI07450351
.------1641
0.04

USD
10383840
XDOI03838401
usa
1000.00
370LlO
12621
0.31'
.09 UNITS HARBINGER CLASS LSERIES 6

10458010
USO
XOOI04580101
USD
1146.33
2 299.88
- 73.84%
- 73.84%
..
--
288810
10102361
usc
BMG2714W2871
38 456.775 UNITS DENHOLM HALL RUSSIA ARBITRAGE FUND LTD -R-AValuation: 30.11.2011
--
__ __
7_51
..
8.33%
.
usa
__ . .
USD
1000.00
__...-
1414.92
41.49%
------270.11%
270.11%
-_.
L17.860,b16
7
I I :11,:1 ,.,,&;:<;01
I Pertormance
I Asst overview
I Appendix
207
0,01
I Page 5 of
Detailed positions

91140.001
Quantity
Oescription
Security no.
ISIN
Risk curro
Cost price
Market price
Exchange rate
Exchange rate
% of net
{lssets
Market value USD

Accrued interest
in USO
Change price
Change total
Alternative investments USD (Continuation)

422.79
26.39 UNITS HARBINGER CLASS PE SERIES 01-10

USD
11020480
XOO110204B03
USD
2'>.28 UNITS HARBINGER CLASS PE SERIES 0410

USD
11366493
XOO1l3664938
USD
1000.00
441.44

11652464
USD
XOO1l6524642
usa
I 000.00
492.01
USD
1000.00
377.54
USD
1 000.00
391.83
1 000.00
11157
0.27%
55.86',
- '>5.86%
11160
0.27%
- 50.80%
- 50.80%
111'>9
- '>7,72',
-57.72%
-_.
----

4752296
XD0047522962
--
-_..
uso
..
_-
----
--
--
- 62.25%
62.25%
_.

10745470
XDOI07454700
uso
USD
10458218
XOOI04582180
USD
1189.1332 UNITS HIMElSEIN MANDEL LSERIES 1

10043196
USD
XOOlO0431960
USD
USD
3380081
VGG7254C1041
usa
L17J:!60.616
1 :;}0J 101,11'
Performance
I Asset oVeiview
81462
------
2.01%
..
- 60.82%
11159
0.27%
1322
0.03%
- 60.82%

323.3363 UNITS PROFESS!ONAL OFFSHORE OPPORTUNITY FUND LTD -CValuation: 30.04.2012
__
-_ ..
0.27%
1834.96
391.08
78.69'k
78.69%
929.29
1389366
1168.39
2S.73'k
---
..
1 246.72
69.65
I Appendix
- 94.41%
- 94.41%
----
22521
0.55%
IPage6of9
Detailed positions
Quantity
Oescription
Statement of assets as of May 31. 201.

created on June 01,
91140.001
Security no.
ISIN
Risk curro
Cost price
Exd1ange rat.
Market price
Exchange rate
Change price
Change total
Market value USD
% of net
Accrued interest
assets
in USD
Alternative invutments liSP (Continuation)

35.358 UNITS QUANTEK OPPORTUNITY A SERIES 82008
4504510
USD
XD0045045107
usa
1410.93
44.'3.53
68.21%
- 68.21%
159581
3.93%
usa
usa
1461.93
447.78
- 69.37/()
- 69.37%
15832
-----0.39%
2022886
49.84%
4504666
XD0045046667
Accrued interest
2022886
Total alternative investments
4 058 802
rotal assets (excluding accrued interest)
Accrued interest
4058802
Total .ssets
1.17 .8.60,616
) ! ,')(1(; ,j\U!
49.84%
I Performance
Asset overview
I Appendix
100.00'%
I Page 7 of9
Statement of mets as of May 31, 201:

created on June 01. 201;
91140.001
Performance analysis
Current earnings
Earnings from interest and dividends less any withholding tax paid (credited net earnings), balance of accrued interest on purchases and sales and changes in accrued
interest.
Changes in val..ue
Realised and unrealised gains arising from changes in vatue. Unrealised gains consist of changes in value affecttng existing positions at the time of valuation.
Total return
Total. return equals the sum of current earnings
Ending value of assets
The assets shown in the performance overview can differ from the assets shown in the asset overview due to differences in the evaluation method (reference date).
Performance
Performance measures the total income of the portfolio relative to the portfolio value. Inflows and outflows (withdrawals and deposits) are considered using the money
and time-weighted calculation method. Performance relates to the reporting period.
Net performance
Performance after deduction of aU transaction and administrative costs and net of non-reclaimable withholding taxes.
Timeweighted
The reporting period is divided tnto

Performance is calculated for each subpenod and then combined for the entire reporting period. This neutralises
inflows and outfLows (withdrawals and deposits) meaning they do not have any impact on performance.
Moneyweighted
Performance is calculated by dividing the sum of current earnings and changes in value by the average invested capital. Inflows and outflows (withdrawals and deposits)
fmpact the amount of invested capital and thus performance.
changes in value.
ASSI!t overview and detailed positions

Account assets and liabilities, accrued interest of

and structured products with money market characteristics
Bonds and
Bonds and similar investments, accrued interest of bonds and bond-like investments. bond investment funds and structured products with bond characteristics
investments
investments, foreign exchange transactions, money market investments, money market investment funds
Equities and equitl'-like investments
Equities and equity.like investments, equity investment funds and structured products with equity charatteristics
Units in hedge funds, private equity investments, reat estate investments and commodities
I Performance
1.11.860,1';16
I
{WO'
OJdl I
r, .. ,,'.-5Jl
As.s.et overview
I Appendix
I Page 8 of
Miscellaneous

91140.001
Predous metals. and others
NB: Please note that your securities may be used for securities lending purposes in accordance with the Terms and Conditions for Securities Lending (Part C of Bank Vontobel AG Sasic Documents).
Valuations of the contents of the custody account are based on prices and rates from cornman sources of bank information. The valuations seNe as a guidance only and are not binding to the bank. The bank
accepts no Liability for the correctness of the valuation or for other information Ot calculations in connection with the assets entered into the account.
If no valuation is indicated, this means that no current price could be determined or that the instrument carries no value. The prices displayed do not commit the bank to buy or sell at this price or rate.
We kindly ask you to check this statement of assets and, in the event of discrepandes, to object in writing within four weeks from the mailing date.
1.17.860.616
1 !0rl
I Performance
! ASSi't overview
I Oetailed positions
I Appendix
I Page 9 of 9
From:
To:
Date:
Subject:
Attachment(s):

Jun 28, 2012, 12:50 PM
RE: Loan --- (2019300/ET/dl)
2
Dear Mr. Kapur,
reference.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Importance: High
Hi Daniel
by Bank Vontobel.


contact us anytime.

thanks

Dear Mr. Kapur,
trading company.

necessary.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur

Dear Mr. Kapur,


$75,000.00.
Kind regards,
Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
LOAN AGREEMENT
Loan Amount: US$200,000.00
Maturity date: July 2027
This is a Loan Agreement made on 28th June, 2012 between:

a)
FAMILY AND CHILDREN CHARITABLE FOUNDATION, a duly

registered foundation to Microjacket 43467, document 1855101 at the
Panamanian Public Registry, hereinafter referred to as the Lender,
represented by FOUNDATION MEMBERSHIP INC.;
b)
BINA RAI, with passport number 308100381, hereinafter referred to as

the Debtor; and
c)
MOSSFON ESCROW SRL, a company duly organized under the laws of

Panama, with offices located in Panama, Republic of Panama,
hereinafter The Escrow Agent, represented by EDISON E. TEANO
and EGBERT WETHERBORNE (the Escrow Agent).
WHEREAS:
1. The Lender and the Debtor are legally competent and empowered to contract
and be bound by this Agreement, and have freely agreed to enter into the
following Loan Agreement, pursuant to the clauses listed below.
2. The Debtor is
and
requires a loan in the amount of TWO HUNDRED THOUSAND DOLLARS WITH
00/100 (US$200,000.00) (hereinafter the Loan") in order to be used as
.
IT WAS AGREED THAT:
1. The Lender shall grant the Loan as required by the Debtor.
2. With the signature of the agreement by the Lender, he has deposited with the
Escrow Agent the amount of US$201,500.00. This sum is to be held by the
Escrow Agent for payment of the ESCROW fees (US$1,500.00), and delivery of
the Loan (US$200,000.00) to the Debtor in accordance with the terms of this
agreement.
3. The obligation of the Escrow Agent consists in delivering the Loan to the
Debtor in the following manner:
a. One only payment in the amount TWO HUNDRED THOUSAND
DOLLARS WITH 00/100 (US$200,000.00) to be transferred to
Bina Rai, the Debtor, to her bank account at:
Bank of America, NY, NY
Swift code: BOFAUS3N
As soon as the Escrow Agent receives confirmation from the
Lender to transfer the loan to the Debtor. The Lender will provide
this confirmation once the Lender verifies that the Debtor has
advanced in the process of
4. For its services under this agreement, the Escrow Agent shall be entitled
to receive US$1,500.00, which will be deducted from the funds held in
escrow once delivery of the remaining payment as above mentioned.
5. The Escrow Agent will not be liable for any act or omission by it pursuant
to this Escrow Agreement that is done in good faith and in the exercise of
its best judgment.
6. The Debtor hereby agrees and undertakes to repay the Loan (capital and
interest) to the Lender within a 15 years term, as from the month of August
2012 until July 2027, at a 5% annual rate. Principal and accrued interest
will be payable at maturity.
7. The aforementioned amounts shall be paid in U.S. Dollars pursuant to the
parties express agreement.
8. The Debtor shall have the prerogative to pay off the loan at any time, prior
to Its maturity date;
9. Throughout the life of the Loan, until its full settlement, the Debtor may not
be dissolved, merged or absorbed by another Company, without the prior
and express written consent of the Lender.
10. The parties mutually release and discharge each other from all fiscal
consequences arising from this transaction;
11. The obligations contained in this document shall be considered to be due
and payable if the Debtor defaults in the payment of three consecutive
installments or fails to fulfill any of the obligations contracted under this
Agreement. In such cases, the Lender may take legal action even if the
term has not yet expired.
12. In the event that the Lender fails to collect one or several payments or
exercise any rights as granted under this Agreement, same shall not be
construed as a debt remission or waiver of these rights or its guarantees.
Partial default will not cause the annulment of the Agreement.
13. The contracting parties agree to abide by the full terms and conditions of
the clauses of this Agreement, and in witness whereof, they have freely
and voluntarily subscribed two counterparts of the same tenor.
14. This agreement, its construction, performance and the resolution of any
conflicts shall be subject to the laws of the Republic of Panama and may
be submitted for conciliation and/or arbitration at the Conciliation and
Arbitration Center of the Chamber of Commerce, Industry and Agriculture
of Panama, whose expenses shall be covered equally by the parties.
In witness whereof, the parties have executed this agreement in two (2) originals.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
Name: EDISON E. TEANO/EGBERT WETHERBORNE representing
MOSSFON ESCROW SRL
Family and Children Charitable Foundation

East 54th Street, Marbella
P.O . Box 0832-0886 WTC
Pan t, ma
PANAMA
Statement of assets as of April 30, 2012
Client information
Name
91140
Mandate
91140.001
Client investment profiLe

Reference currency
Service type
USD
Client advisor
Name
Stephan Keiser
Telephone
+41582837138
Fax
+4 1 58 28376 30
E Mait
Bank Vontobel AG
Gotthardstrasse 43
CH-8022 Zu rich
Fax +4158 28376 50
www.vontobeL.com
I I
;,:<-.
". 'cl
Content
Page
Perionnan(e
Asset overview
Total assets
Detailed positions
I Page
1
I
t n..9'I1'j
1 of 9
91140.001
Performance
Statement of assets as of April 30. 2012

created on May 01. 2012

Performance from 01.01. 2012 until 30.04.2012
USD
3671 481
Net inflows , adjusted

482085
.Withholdin9 tax
482 085
Adjusted assets
4153 566
Current earnings
o
o
Net income credited

Accrued interest on purchases and sates
-------------------
2100
2100
Changes in value
- 87 712
Total return
- 85 612
!.t
.t.n. un
two ,11121:
4067954
- 2.06%
Net performance, moneyweighted (MWR)
- 2,12%
I Performance
I A%et overviel,'Y
I Del all.d
position!
I Append",
I Page 2 of 9
91140.001
Asset overview
Total assets
Statement of assets as of ApriL 30. 2012

created on May 01, 2012
Total assets by investment category and currency, valued in USD
uso
Shortterm investments
TotaL
2030319
49.9%
2030319
49.9%
2037635
50.1%
2037635
50.1%
4067 954
100.0%
Bonds
Equities.
Miscellaneous
4067 954
TotaL Ln U5D
4067954
Exchange rate
USD
Equities
Alternative inveslments
Miscella neous
U7.t1l4l1
r!
");); , '''' '<__
Performance
I Asset overview
Detailed
jJOSitiOIl,
I Appendi.
I Page 3 of 9
Detailed positions

created on May 01 , 2012
91140.001
Curro
Descripti on
Quantity
Maturity
Risk curT.
Yie ld to
mat.
Cost price
Excha nge rate
Valuation
Exchange rate
Market price
Exchange rate
Market value USO
Ofo of net
Accrued interest
assets
in USD
Account investments
28219 .22 Current account USO (USO )
USO
USD
282 19
0.69%
IBAN CH03 0875 70000123 1174 5
EUR
- --
-- - - -
EUR
1.3235
GBP
1.6239
[BAN CH57 0875 7000 012311743
GBP
IBAN CH 30 OB75 700001231 174 4
2000000 Fidu ciary Fixed Term USD . 0.6%
USO
29 .0 5.2012 USO
2 000 000
49. 16%
2 100
27.02 .2012 - 29.05.20 12
BNP Pari bas S.A., Amsterdam
2 028 219
Accrued interest
2 100
Total short-tenn investments
I
.,0000 . .
"'''.I;l
49.86%
2030319
I Asset overview
I Detailed
positions
I Appendi x
49.91%
I Page 4 of 9
Detailed positions
Quantity
91140.001
Securi ty no.
ISIN
Description
Statem ent of assets as of April 30, 2012
Risk curT.
Cost price
Market price
Exchange rate
Exchange rate
Change price
Change totol
Market value USD
% of net
Accrued interest
assets
in USD
Alternative in vestments USD

266583 0
USD
GBOOB10QCD13
USD
1.57
1010236 1
USD
BMG2 714W2871
USD
28 .71
1.63 UNITS HARBINGER CLASS L SERIES 04 -10

Valuation: 29 .02.2012
1136676 5
XOOI13667659
USD
1.7 UNITS HARBINGER CLASS L SERI ES 07 /10
11652574
XOO11 6525748
USD
USO
1 000.00
907.57
1.51 UNITS HARBINGER CLASS L SERIES 1 10

11021234
XOOll02 12343
USO
USO
1 000.00
1032.39

1074503 5
X001074503 51
USO
3.41 UNITS HARBIN GER CLASS L SERI ES 2

10383840
USO
XD01038 38401
USO
10458010
XDOI04580101
USD
769 198.6 UN ITS AARKAD PLC RED PREF SHS
38456.775 UNITS DENH OLM HALL RUSSIA ARBITRAGE FUND LTD -R-A Valuation: 30.11.2011
.09 UNITS HARBINGER CLASS L SERIES 6

1.17-'131.481
),:QJ
Ju.\!
I Penotm ane.
I Asset oveNiew
I Detoiled
positions
7.51
- 73.84%
2888 10
7 . 10%
1 556
0.04%
- 9.24%
- 9.24%
1 543
0.04%
3.24 %
1 559
0.04 %
- 73.84%
USO
1 000.00
954.65
.. 4.54%
- 4.54"10
Valuation: 29. 02.201 2
..-
3.24 %
USD
1 000.00
1 348.48
34 .85%
1 564
34.85%
US D
1 000. 00
3527. 31
252.73%
12028
0.30%
252 .73%
1 146.33
2 191. 89
197
91.21%
I Appendix
I Page 5 of 9
Detailed positions
Description
Quantity
91140.001
Security no.
!SIN
Risk curro

created on May 01, 2012
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
of net
assets
Market value USD
tl/o
Accrued interest
in USD

11020480
XDOll0204803
USD

Valuation: 29.0 2. 2012
11366493
XDOI13664938
USD
22 .68 UNITS HARBI NGER CLASS PE SERIES 07-10

11652464
XD0116524642
USD
4752296
XD0047522962
USD
USD
1 000.00
370.10
10745470
XD0107454700
USD
USD
1 000 .00
384.11
3.38 UNITS HAR81NGER CLASS PE SERIES 6

Valuation: 29.02 .2012
10458218
XDOI04582180
USD
USD
1 83 4.96
383.37
1189.1332 UNITS HIMELSEIN MANDEL L SERIES 1

10043196
XDOI00431960
USD
USD
929 .29
1 168.39
338008 1
VGG7254C1041
USD

Valuation: 29.02 .2012

323.3363 UNITS PROFESSIONAL OFFSHORE OPPORTUNITY FUND LTD -CValuation: 29.02.2012
1.17.4)1.4-81
rll! _ 1"" ,.'0 .
i Perform ance
overview
USD
1 000 .00
414.46
- 58.55%
10938
0.27%
10940
0.27%
10939
0.27%
- 62 .99%
- 62. 99'10
79856
1.96%
- 61.59%
10939
0 . 27%
- 79.11'10
- 79 .11'10
1296
0.03%
25.73%
1 389 366
34.15%
- 58.55%
USD
1 000.00
432.74
- 56.73%
USD
1 000.00
482.31
- 51.77%
- 51. 77 %
- 61.59%
25.73%
USD
1261.69
109.35
I Append i,
- 91.33%
- 91 .33%
35358
- -0.87'10
I Page 6 of 9
91140.001
Detailed positions
Statement of assets as of April 30. 2012

Description
Quantity
Security no.
Risk curro
!SIN
Cost price
Market price
Exchange rate
Exchange rate
Change price
Change total
Market value USO

Accrued interest
in USD
oro of net
assets

Valuation : 29.02 .2012
4504510
XD0045045107
USD
35 ,358 UNITS QUAN TEK OPPORTUNITY A SERIES 8 2008

4504666
XD0045046667
USD
USD
1410.93
462.16
USD
1 461.93
461.39
Accrued lnterest
Tota l assets (excluding accrued interest)
4.04%
- 68.44'1,
- 68.44%
16314
0.40%
2 037 635
50.09'1,
2037 635
50.09'%.
4 065 854
99.95%
2 100
Accrued interest
Total assets
.. lIt
164 431
IllI"IIol/. ....
-67. 24%
- 67.24%
4067954
I Performance
I Asc;el ovltrJiew
I Appendix
lOO.DD'%.
I Page
7 of 9
91140.001
Current earnings
Earnings from interest and dividends less any withholding tax paid (credited net earnings), balance of accrued interest on purchases and sales and changes in accrued
interest.
Changes in value
Realised and unreatised gains arising from changes in value. Unreahsed gains consist of changes in value affecting existing positions at the time of valuation.
Total return
Total return equals the sum of current earnings plus Changes in value.
The assets shown in the performance oveJView can differ from the assets shown in the asset overview due to differences in the evaluation method (reference date).
Perfonna nce
Performance
the total income of the portfolio relative to the portfo lio v.:slue. Inflows dnd
and time-weighted calculation method. Performance relates to the reporting period .
Net performa nce
Performance after deducti on of all transaction and administrative costs and net of non-reclaimable withholding taxes.
Time-weighted
The reporting period is di vided into sub-periods. Performance is calcutated for each sub-period and then combined for the entire reporting period. This neutralises
inflows and outflows (withdrawals and deposits) mean ing they do not have any impact on performance.
Money-weighted
Performance is calculated by di vi ding the sum of current earnings and changes in valu e by the average invested capital. Inflows and outflows (withdrawals and deposits )
impact the amo unt of invested capital and thu s performance .
(withdrawals and di;!postrs) are considered usi ng the money
Asset overview and detailed positions
Short-term inves tments
Accou nt assets and liabilities, accrued interest of short-term investmen ts, foreign eXChange transactio ns, money market investments, money market investment funds
and structured products with mo ney market Characteristics
Bonds and bond-like investments
Bonds and similar investments, accrued interest of bonds and bond-like investments, bond investment funds and structured products with bond characteristics
Equities and equity-like investments
Equities and equity-like investments, equity investment funds and stru ct ured products with equity characteristics
Units in hedge funds, private equity investments, rea l estate in vestments and commodities
_. _7 01 4EI_l
,
J.: .
'J ." ; JlI , ..
I Perform.nLo
I Asset OYeM(!W
I DetailEa pasitiom
I Appendix
I Page 8 of 9
Important ;nformation

created on May 01 , 2012
91140.001
Precious metals and others
Miscellaneous
NB: Please note that your securities may be used for securities lending purposes in accordance with the Terms and Conditions for Securitie s Lending (Part C of Bank Vontobel AG Basic Documents).
Valuafions of the contents 01 the cu'stody account are based" on prices and rafes from commo n sou rces of bank information. ffle valuations serve as a gUldance"onLy and"are not binding to the bank.. r'h"e bank
accepts no liability for the correctness of the vaLuation or for other information or ca lculations in connection with the assets entered into the account.
If no valuation ;s indicated, this means that no current price could be determined or that the instrument carries no value. The prices
do not commit the
to huy or <;ellat
prir.P
or
We kindLy ask you to check this statement of assets and , in the event of discrepancies. to object in writing within four weeks from the mailing date.
I Perfonm.nce
I.
OVt.' rview
I Detailed POSItionS
I Appendix
I Page 9 of 9
Bank Vontobet AG
GoUhardstrasse 43, CH-8022 Zurich
Telephone +1.1 58 283 7! 1:
www.vontobeLcom
Clearing; 8757, BIC; VONTCHZZXXX, CHE-:16.300_767 VAT
Client advisor
Stephan Keiser
Telephone +41 582837138

Name
91140
Mandate
Account number
91140,001
91140.001.001
(H03 0875 7000012311745
IBAN
Statement - Liquidation Payment

Order number 164926,,,9""81'"-_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _-'M"'aOlY"'0"'3'!..'"20",1,,,2
We have settled the capital transaction fur)"lu as follows;
Custody atcount position

323.3363
UNITS PROFESSIONAL OFFSHORE OPPORTUNITY FUND LTD -(-
Security 3380081, lSltl VGG7254C1041

Liquidation Payment
USD 14.968 persecurily
Ex-date
April 30, 2012
To
credit
Liquidation payment
USD
4'839.70
30, 2012
USD
4'839.70
Value
3rd Liquidation payment
Subjed to collection
Page 1 of 1
Famity and Children Charitable Foundation

P.O. Box 08320886 WTC
Panama
PANAMA
,,
6a1k Vcntob&[ AG
Gctthardstrasse 43, CH,8022 Zurich
Telephone +42 58 283 71 11
www.vontobeLcom
Gearing: 8757, fiIC: VOlfTCHZlXXX, CH-11/.i.300.761 VAT
Client advisor
Stephan Keiser
Telephone +41 58 283 11 38
Hand.de
Name
91140
Mandate
91140.001
Confirmation of credit
grdet number 160067173
The following securities were deliYNed to us to be credited to yOU" custody account

{)elwt.':-eo by
Bank Sanni" & (ie A, Beset
769'198,6
UNITS AARKAO PlC REO PREF SHS

Security 2665830, !5Ilf {iBOOBI0Q{DlJ
Trade dale
Value Oete
September 15, 2011

M.vc'120,2012

P.O. Box 08320886 WTC
Panama
PANAMA
,
i
Bank Vcntobel AG
Gotthartistrasse 43, (HeOZ2 Z&rkli
Telephone +-41 5828) 7111
www.vontobe\,rom
Gearing: 8757, atc:
CtIE-116.300.767 VAT
Ctient advisor
Keirer
Telephone +41 5828371 38
Current aount
Name
usn (USO)
Mandate
91140
Accrmnt number
91140.001
9114(},001.001
tBAN
CH03 UBl5 7000 0123 1174 5
Debit advice
{)reer l1umber li;i114S4JO
On March 23, 2012 we debited your account with
Fte period
01.01.12 to )1,0),12
Actount/CU$tcey account maintenance fee
usO
Set
USO - - - - - 2 1 3 , ( ) 3

East 54th Street. Marbelta
P.O. Box 08]2-0886 WTC
Panama
PANAMA
.,
Bank Vontobel AG
Gottha rds tra m 43, (HSOn Zurich
Telephone +4158283 71 11
www.yo ntobel.com
Clearing: 8757, 81L VONT(H ZZXXX, CHE-11 6.300.767 VAT
Client advi sor
Stephan Keiser
Telephone 1041 58 283 71 38
Current account usa (USD)

Name
91 140
MJndate
Accoun t number
91140.00 1
911 40.001 .001
lBAN
(HOl 0875 700001231174 5
Account statement
01.02. 20 12 until 29.02.20 12
February 29. 2012
Debit
Overview
Opening balance
Total credits
Credit
Account balance
2 01S 029.34
13 402. 91
2 003033.00
Tot al debi ts
Closing balance
_______
-
23 .02 .20 12
== =""'____
23.02.2012
28432.25
____________________
Debit ______
OJ}ening balance
(dih distribution OUANTE KOPPORT A SERIES 8
1D08
Order number 158 209747
PLacemenl: Fiduciary Time usa. .6"10 .
27 .02.2012-29 .05.201 2. TC BNP Pa ribas SA.
Am.s te Jda m (10 21 "6)
Oule r nu mbe r 1582255] 7
____
___________________
Closing balance
Account balance
17 .02.20 12
2 01 5 029.34
2 027 nl.S6
-27.02
-.2012
-
272 22.56
1 209.69
17.0 2.2012
284 32.2 5
12193.22
2000000 .00
distribution QUAN TEK QPP ORT A SER rES 9

2008
_ __________ Order number 15824 3409
29.02.2012
Value date
2 000 000.00
- -
13 402 .91
28432 .25
We kindly ask you to check this acco unt statement anlt ill the event of discrepancies, to se nd any objections in wri tin g within four weeks
Statement of assets as of February 29, 2012
Client infonnation
Harne
Mandate
911'0
91 140.001
Client investmen t profile

Reference currency
Service ty pe
uso
Account/custod}, account
Client advisor
Name
Stephan Keiser
Telephone
+4 158 28371 38
+41582837630
stephan
F..
Bank Vontobel AG
C.otthardstruse n
CH-802Z ZUrich
Telephone .-41 58 283 11 11

Fax +41 S8 2837650
www.vontobeLcom
I .S, l
....
',,,
'
'.
Content
Page
Performance
Overview of asset perlormanc(>
Asset overview
TotaL
and equ ity-Like investments
Detaited pOsitions
Short-term inveuments
Equities and equity-likt> investments
,
6
Altt>mative iovestmen15
,.
Important inform.ltion
,
. ', .
I Page
1 of 11
?
Performance
Statement of assets as of Februa ry 29. 2012

created on March 01. 2012
911-1;0 .001
uso
Performance from 01.01.2012 until 29 .02.2012

Starting vaLue of iSsets as of 01.01.2012
3 671 481
Net inflows. adjusted

Net inRows (ash deposits/ withdrawals and securi ties delive ries)
t;8580S
Withholding tal(
48S 80S
Adju sted
4157286
(urrent earnings
Net income credited
(han ge in accrued interest
67
Total current ea rnings
67
( han ges in value
Total retufn
67
Ending vaLue of assets as of 29.02.2012

Net
4157353
time-weighted (TWR)
0.00-4
Net performan ce. money-weighted (MWR)
I Perlormance
" 1" ",' 1
I Asset O'Oerview
0.00%
I Detailed
I Page 2 of
11
Asset overview
Total assets
Statement of assets as of Februa ry 29, 2012
91140.001
created on March 0 1, 2012
,\ assets by investment category and currency. valued in USD
uso
-term invest ments
Total
;> 028 1099
48.8%
2 02a 499
48.8""
739488
17.8%
739488
17 .8%
1 389 366
33.4%
1389366
13.4 "1..
4157353 100.0%
4157353
100.0'!.
d,
ties
rnative investments
.'eUaneoos
I in USD
I in forei gn currency
" 157 3S3
1ange rate
ation by ;nvestmeru category
Allocation by culTency
Sh O<1 -te rm .nve\tmmt,
USD
Honds
AII.-ma tl... orw",' me nls

M I5c..
I PerformancE'
I Asset overview
I Detailed
positions
I Appendix
I Page
3 of 11
Asset overview
Statement of assets as of February 29, 2012
91 140.001
created on March 01, 201 2
iti!5 and equity-like investments by industry sector and country group, vaLued in USD
S.....itzerLand
Eurozool:'
ReH of
Europe
Nort h
America
Asia Pacific
Ot her
Altoca tion by country 910uP
Total
'gy
and supplies
os'"
I-basic co nsumer goods
--_._ - - _._ -
Sw <ue riand
[UfO.one
Rest or Europe
Ne>rt h AmCfl(;l
- - - - -- -- -._ --
A"a Pac,!"
Ot her
- _ ._ - -
,i e consumer
{thea re
ce.
- - - - - --- ---
- - - -- Allocation by industl)' sectors
om services
:ities
"
100. 0%
,I
100.0%
100.0 "4
739488
Energy
, uppl.e\
,ood,
100.0%
con sumer
Bal i<; conSumer
good,
739 488
Hea lthcare
739 488
f.""oce
n
T " ,,",rom
Other
I Performance
I " ....
I Asset ovelView
I Detailed
I Page' of 11
Detailed positions
Quantity
Oescri pll on
Statement of a,>set!. as of Fe bruary 29, 20 12

cre ated on March 0 1, 20ll
91 140.001
Matu rity
Yield to
mat.
Ri'> k mrr.
Cost price
b.chan gl' rate
Valuat ion
hcha nge rAte
Ma rket price
u cha nge fate
Market value usn

ACCl ueo inte rest
of net
aS$et5
in USO
:ount investml!nts
28 1,32 .25 Curre nt Account US!) (USO)
I BAN (HO) 087 5 1000 01 2) 11 ].'; 5
uso

IBAN CH57 0875 7000 012 , 11 71, 3
WR
1.33 77
0.00 Curre nt accoun t Pou nd Sterting (G BP)

I BAN CH30 087 5 7000 0 1?3 1174 4
OSP
1.5974
2000 000 fi duciary Fi)((>d Term US O, 0.6%

27.02.20 12 . 29.05.20 12
BN P Pariba s SA, Ams t <, rd am
28 432
29.05.20 12 USD
rt-te rm invest me nts

ru ed intere;t
I Performa nce
, L """"""
2000 000
67
1,8 .11%
2 028 432
48. 79%
67
I short-term investments
'-' .I
0 .68%
2028499
I Asset overvIew
I AppendiJ(
48 .79%
I Page 5 01 11
Detailed positions
Description
nnty
SecLJrity no.
Sector
Statement of a5sets a5 of February 29.2012

created on March 01. 2012
911<10. 001
Risk curr.
ISIN
Cost price
hchange rate
Marke t price
hc hange rate
Ch ange price
Market va lue USD
% of net
Change total
Accrued interest
in USO
assets
litiE's USD
384,6.ns UN ITS DENHOLM HAl l RUSSIA ARB ITRAGE
f UND LTD R-AValuaticn: 31.10 .2011
Valuatio n: 30.11.20 11
USO
USO
28. 71
7.59
1136676 '>
- 73.56%
29 1 887
7.02%
- 73. 56 '>'0
Ot her
USO
USO
1 000.00
1 0 ..8.00
"' .80.,.
1708
0.04"10
Other
USO
USO
1 000.00
996.33
- 0.37"!0
1 694
0.04%
XOO l1366 7659
1.7 UNITS HARBINGER CLASS l SERIES 07/ 10
11652574
XDOl16525748
Va luation : 30.11. 2011
- 0.37'10
1.51 UNITS HA RBI NGE R CLASS l SERIE S 1-10

Va luatiofl: 30.11.2011
11021234
XD01 102 12].:)
Ot he r
USO
USO
1 000.00
t 133.36
13. 34%
11.34%
1 711
0 .04'"
1.16 UNITS HARBING ER [LASS L SERIES 10

Valuation: 30. 11.2011
10745035
Other
XOO I 074503 51
USO
USO
1 000.00
1 480 .3 5
48.04%
48.04%
1 717
0.04Of,
3.1,1 UNITS HARBI NGER ( LASS l SERJES 2

Va lu.J tiofl: 30.11 .2011
10383840
XOOI03818401
Othel
USO
USO
1000.00
3812.26
287.23'"
287.23"""
13 2()4
0 .32%
.09 UNITS HARBING ER CLA SS L SERIES 6

30.11. 2011
10.:; 580 10
XDOI 04580101
Other
USO
USO
1 146.33
2 406.30
109.91 Of.
lO9 .91'){.
21 7
0.01'10
USO
USO
1000.00
511. 6S
- 42.24%
- 42.24"10
15 244
0.37%
26.39 UN rTS HARBINGER (LASS PE SERIES 01-10

30.11.2011
I Performance
. ''.41a5'
' . ,.
Other
BMG2714W28 71
1.63 UNITS HARBI NGER (LA SS l Sm ES 04-1 0
),
1010236 1
tV.' ,.
Other
11020480
XO Ol 10204B03
I Assel overview
I DetaiLed positiofls
- - ._-
I Appendix
I P.Jge6of ll
Detailed positions
Description
"tity
Security no .
ISIN
Sector
Statement of i!$seU as rf Febwary 29, 2012

creater I n March 01, 2012
91140.001
Risk cwr.
Cost price
Market price
Change pri ce
Exchange rate
Exchan!le rate
Change to tal
Market v.due USO

Accrued interest
in usa
% of net
assets
ities USD (Contin ua tion)
- - - --
25.28 UNITS HARBINGER (LASS PE SERIES 01;10

Va luatiO n: ]0. 11. 2011
Other
11366493
XD1J11366493B
USO
22.68 UNITS HARBINGER (LASS PE SE RIES 07-10

Va luation: 30. 11. 2011
11652464
USO
215.77 UNITS HARBINGER CLASS PE $ER!tS 1

28.IOB UNITS HARBI NGER (LASS PE SERIES 10
Valuation: 30.11.20 11
3.38 UNITS HARBIN GER [LASS PE SERIES 6
Yaluation : 30 .11.2011
323. 336] UNITS PROFESSIO NAL OFfSHORE OPPORTU-
NITY FU ND LTD -C-
Other
USO
1 000.00
603.13
- 39.69"to
0 .]7%
IS 2<17
- 39.69%
US O
1 000.00
672. 22
- 32.78%
15 246
- -
0. 37 %
- 32.78%
XQ0116524642
USO
1 000.00
515.83
- 48.42'1.
- 48.42"10
111 ) 01
2.68%
USO
USO
1 000.00
535.35
- 46 ... 7"10
- 46.' 7"10
IS 2' 7
0.37'10
10458218
Other
XDOI04582 180
USO
USO
1 834 .96
5310.32
- 70. 88'1'0
- 70.88'1',
1 806
0 .04%
Other
USO
USO
1 261.69
203.69
- 83.86%
- 83.86%
6 5861
1.58%
45OJ.510
Other
XOOO4 r,()45 107
USO
USO
1410.93
'79.17
- 66.04%
4752296
Othe r
USO
XDOO47 5229 62
107451070
XOO I07,,,4700
33S0081
\'(;(;7254( 1041
Other
- - --
Valuation : 30.1 1. 20 11
- - - --
355.786 UNITS QUANTE" OPPORTU NITY A SERIES 8

2008
V" luati on: 30.09.2011
.1..)857
I ' .. , ........"
1 Perfonnancf;'
1 Asse t uverview
I Detailed p05itions
4. 10%
170
- 66.(WlJo
Appe ndh
I Page
7 of 11
,-
Detailed positions
Equities and equi ty-like investments
antity
SeC'J rity no.
Statement of asseb as of februlry 29, 2012

crtated on March 01 , 2012
911 40.001
Risk (urr .
Sector
ISlN
(ost price
Muket price
Change price
Exchange rate
Exchange rate
(han g(' totaL
.,.. of net
Market value USC

Accrued intl'll.'st
in USC
assets
uities USC (Co nti nuation)

3!d 58 UNITS QUANTEK OPPORTUNITY A SERl lS 8
200.
4!':104666
Other
US.
US.
478.]7
1461.93
X.0004S046661
6 7.28%
169 14
0.41 'to
139 1,88
17,)9"1"
- 67 .28'-
Valuation : 30.09 .2011
Jities and equity- lik e inve stments
: rued interest
ta l equities and equity Uke Investments
-, 4HII"
.... '.
I Performance
739 488
I Asset overview
I Detailed
positi ons
17.79 ''''
I Page 8 of
11
Detailed positions
only
Statement of
91140 .00 1
as of February 29, 2012

crea ted on March Ql, 2012
Security no.
Risk CUr<.
[SIN
(ost price
Exchan ge fate
Market price
Chan gl' price
Market value USC
Exchange fat e
Change tou l
Accrued interest
in USC
of net
asset;
emative investments usa
1189.1332 UNITS HIM ElSEIN MANDEll SER IES 1

10043196
USD
USD
929.29
1 168. 39
XD01OO4 3196Q
eroative
flied interest
(excluding accrued inte rest)
rued interIm
"', ,.. "

,
...
33.42'1,
1 389 366
33.42"10
1 389 366
33.42%
.(; 151 287
100.00"10
61
lantts
1 389 366
I alternative investments
25.73'1,
25.73 "f.o
4157353
I Performance
". '
I Asset overviE.'w
100.00 %
J Page \I of 11
State men t of
9ltt; O.OOl
as of fe bruary 29, 2012

created on March 01, 2012
ormanee analysis
Earnings fro m interc)t and dividends less any withholdin g tax paid (credi ted net ea rnin gs), balance of accrued interest on purchasl's and saLes and changes in accrued
re nt earnings
interest.
nge. in va lue
Rea lised an d unrealised gains arising from changes in value. Unrealised gains consist of changes in value affecting existi ng positions at the lime of vaLuation.
al retu rn
Total retu rn {'quals t he sum of ( U!lent earnings pLus changes in value.
ing value of assets
The assets shown in the performance overvie w can diffe r from (he assets shown in the asset overview due to differences in t he evaluatioo method (refe rence date).
orm anc '
Performance measures the totaL income of t he portfolio relative to the portfolio value. Inflows and outRows (withdrawals and depos its ) Me conside red using the money
and t imeweighted calculation method. Performance relates to the re portin g peri od.
performance
Performa nce after dedu ction of all transaction and administ rative costs and net of non- reclai mable wi t hholding taxes.
le-weighted
The reporti ng period is divided into sub-periods. Perlormance is calculated for each sub-pe riod and the n combined fOI the entir e rep orting pe riod . This neut ralises
inftows and outflows (withdrawals aod depos its) mea ning they do not have any impact on pe rformance.
ney-wE." ighted
Pe rformance is calculated by dividing the sum of current earni ngs and changes in va lue by the average invested capital. fnRows and outRows (withd rawals and depos its)
impact the amount of in vested capital and th us performance.
iet overview and detailed positions

rt-term investments
Account Clsseu and liabilities. accrued interest of short-term

and st ructu red produru with money ma rket characteristics
foreign excha nge
money marke t invest ment s. mo ney ma rket in ... est ment funds
,ds and bond-ltke in...estments
Bonds a nd similar investmenu. accrued interest of
ities and equity-like in ... estmen15
Equ ities and equity-like investments, equity investment fu nds and structu red prod ucts wi t h equity characteristics
Units in hed ge funds, pri va t e equity investme nts, real estate investme nh and commodities
, .... )
"
.,
I Performance
I M,.et overvie""
and bondlike invest ments. bond investment fuods and structu red produill with bond characterist ics
pOSitions
I Appe ndix
I Page
10 of 11
',cetLaoeous
Precious metals an d ot hers
may be used for !>e(urities lendiog purpos{'s in ilccQ,dann' with the Terms and Conditions for
: PLease no te t hat yo ur
uation s of the contents of the custody account are based on prices il nd
''0 valuation is indicated. t his mea ns t hat no current poce could be de termined or that the
kindly as k yo u to check
.4.<.3
..
l ending (Part ( of Bank VontobeL A() Basic Docume nts).
from common sources of bank inform ation, The valuati ons serve as a guidance only and are not binding to the bank. The bank
:epts no liability for the corr ectness of th e valua tion or for othe r info rm ation or calculat ions in connectio n with th e
"', '.,'.'
Statement of assets as of February Z9 , 201 2

created on March 01 , 2012
9 11"'0.001
ente red into t he account.
carries no value. The pri U!'> d isplayed do oot commit t he bank t o buy 01 SE'U al th i!. pri ce 01 I<lte.
$tatement of as;ets and, in the event of di,crepan ci"s, to object in writing wi thi n fou r wee ks from thl" mai ling date.
I Perfolmancl'
I Asset overvi{'w
I Appendix
I Page
11 of 11

East 54 th Street, Marbella
P.O. Box 0832 -0886 WTC
Panama
PANAMA
Bank Vontobel AG
Gotthardstrasse 43, CH-8022 ZOrich
Telephone +415828371 11
www.yontobeLcom
Clearing: 8757, BIC: VONTCHZZXXX, CHE-116.300.767 VAT
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38

Current account USO (USO)
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 1174 5
Statement - Liquidation Payment

February 23, 2012

We have settled the capital t"n53cbon for you as follows:
Custody account position
25.446
UNITS QUANTEK OPPORTUNm A SERIES 8 2008

Security 4504510, ISIN XD0045045107
Liquidabon Payment
USD 479.174 per security
Ex-date
February 13, 2012
TD YDur credit
Liquidation payment
USD
12'193.22
Value Feb",ary 17, 201 2
USO
12'193,22
Liquid.bon payment approx. 6.67% of your holding
Subject to coUecbon
Bank Vontobel AG
Gotthardstrasse 43, CH -8022 Zurich
www.vontobel.com
ClIent advisor
Stephan Keiser
Telephone +41 5828371 38
Name
91140
Mandate
91140.001
Account number
IBAN
91140.001.001
CH03 0875 7000 012311745
Statement - Booking out Worthless Security

February 23,2012
We have settled the transaction for you as follows:

25.446
UNITS QUANTEK OPPORTUNITY A SERIES 8 2008

Details
The security has expired with no value.
Booking out date
Februa", 13, 2012
Booking out
25,446
UNITS QUANTlK OPPORTUNITY A SERlES 8 2008

Debil of the shares to the liquidation payment approx. 6.67% of your holding
Bank Von tobel AG

Gotthardstrasse 43, CH-8022 Zurich
Telephone +41 58283 7111
www.vontobeLcom
Clearing: 8757, alc: VONTCHZZXXX, CHE-110.l00.707 VAT
(Uent advisor
Stephan Keiser
Telephone +41 5818l 71 l8
Current account USD (USO)
Name
91140
Mandate
Account number
91140.001
91140.001.001
CHOl 0875 7000 011l 11745
IBAN
Placement fidudary: Time deposit investment

February 2l, 2012
Following your instructions and based on the fiduciary agreement, we carried out in our name, hut
for your account and risk, the following investment
Placement with
aNP Pari bas S.A., Amsterdam

Fiduciary Time
usn,
.6%, 27 .02.2012-29.05 .2012,
Te BNP Pari bas SA.
Amsterdam
(101 140)
Amount
Duration
February 17, 1011 - May 19, 1011 (91 days)
Interest pay period

Interest rate
Calcutation basis
Fiduciary commission
0.6% p.a. (USD l'066.67)

french (actual/l60)
0% p.a .. min (HF 200
To you r debit
Value February 17, 1011
USO
1'000'000.00
usn
2' 000'000 ,00
At Maturity
Bank Vontobel AG
Telephone ,41 58 283 71 11
www.vontobeLcom
Clearing: 8757, SIC: VONTCHZZXXX, CHE-116.300.767 VAT
Client advisor
Stephan Keiser
Telephone >41 58 283 71 38

(urrent account USD (USC)
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 11745
Statement - Final Liquidation

February 23, 2012
We have settled the capital transaction for you as foUows:

2.52S
Liquidation Payment
UNITS QUANTEK OPPORTUNm A SERIES S 200S

USD 478.516 per security
February 13, 2012
Sooking out
2,52S
To your credit
UNITS QUANTEK OPPORTUNm A SERIES 8 200S

Security 4504666. ISIN X00045046667
liquidation payment
USO
1'209.69
Value February 17, 2012
USD
1'209,69
Approx. 6.67'10 of your holding has been redeemed.
Subject to collection

P.O. Box 0832-0886 WTC
Panama
PANAMA
'"
'"'"'"
'"
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38
Mandate
Name
91140
Mandate
91140.001
February 06, 2012
The following securities were delivered to us to be credited to your custody account

Delivered by
Bank Sarasin & Cie AG, Basel
38'456 .775
UNITS DENHOLM HALL RUSSIA ARBITRAGE FUND LTD -R-ASecurity 10102361, ISIN BMG2714W2871
Trade date
Value Date
December 20, 2011

February 3, 2012
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38
Mandate
Name
91140
Mandate
91140.001
February 01, 2012

Delivered by
37.886

Security 4504666, lSIN XD0045046667
Trade date
Value Date
September 15. 2011

January 31, 2012
1.15.917.496
Page 1 of 1
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38

Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 70000123 11745
Debit advice
January 27,2012
According to your instructions, we made the following payment on January 27, 2012
Reference
For further credit to Mossfon

SRL
Account 1008119
In favour of
The Winterbotham Trust Company Ltd.

Winterbotham Place
Nassau, Bahamas
GB34MIDL40051567759884
HSBC BANK PLC
LONDON
UNITED KINGDOM
IBAN
Destination bank
Amount payable
1.15.830.181
USD
-72'743.00
Page 1 of 1
Bank Vontobel AG
Telephone +4158283 7111
www.vontobel.com
CLearing: 8757, BIC: VONTCHZZXXX, CHE-116.300.767 VAT
CLient advisor
Stephan Keiser
Telephone +41 58 283 71 38
Mandate
Name
91140
Mandate
91140.001
February 08, 2012

Delivered by
381.232

Trade date
Value Date
September 19, 2011

February 3, 2012
1.16.073.944
Page 1 of 1
Bank Vontobel AG
Gotthardstr.sse 43, CH8022 ZUrich
www.vontobeLcom
Clearing: 8757, HIC: VONTCHlZXXX, CHEU6.300.767 VAT
CUent advisor
Stephan Keiser
Telephone +41 58 283 7138
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 012311745
Account statement
31, 2012
01.01.2012 until 31.01.2012

Overview
Opening balance
Total credits
Total debits
Closing balance
Debit
Account balance
Credit
2 087 712.34
72 743.00
2015 029.34
Date
Information
27.01.2012
Transfer The Winterbotham Trust Company

Ltd" Nassau
Total turnover _ __
31.01.2012
Closing balance
Debit
(redit
Value dati
Account balance
2 087 772.34
72 743.00
2).01.2012
2015029.34
72 743.00
2 G1S 029.34
We kindty ask you to check thi') account ')tatement and, in the event of discrepancies, to send any objections in writing within four weeks
,.
('
Statement of assets as of January 31, 2012
Client information
Name
Mandate
91140
91140.001

Reference currency
USD
Service type
Account/custodyaccoUTlt
Client advisor
Name
Stephan Keiser
Telephone
Fax
E-Mail
+41 58 283 71 38
+1,1 58 2B3 76 30
stephan. keiser@'1ontobeLch
Bank Vontobel AG
Gotthardstrasse 43
CH-B022 ZUrich
Telephone +'',1 582837111

1.; ,:1:"1 41\'
Fax +4158 283 76 50

www.'1ontobeLcom
('
('
Content
Page
Perfonnance
Overview of asset performancE'
Asset overview
Total assets
Detailed positions
Lii";,:,L!:>;)J':
I Page 1 of 10
,.
,.
Performance

created on February 01. 2012
91140.001

USD
2 282 115
----
----
---- - - -
6480
--
Withholding tax
o
6480
Adjusted assets
2275635
-- -- --
--- - -
Current earnings
Net income credited
Accrued Interest on purchases and sales

-Withholding tax paid

---Changes in value
---
-- -----
0
-- --0
0
rotal,eturn
End;ng value of assets as of 31.01.2012

Net performance,
2 275 635
0.00%
(lWR)
I Performance
AS$r>t overVl('w
0.00%
I Detdit(;G positions
APPC l1 ljix
I Page 2 of 10
Asset overview

created on February 01, 2012
91140.001
TotaL assets
Total assets by Investment category and currency, valued in USD
USD
Total
2015 029
2015029 88.5%
---
Bonds
[quities
260606
._--
Miscellaneous
260 606
11.5%
- ----
._---
._----
Total in
usn
2275 63S
2 27S 63S 100.0%
Total in foreign
100.0%
2 275 635
Exchange rate
l!'<vcstment5
USD
Bonds
EqUities
Altern..t[ivc irwe<;tmenls
M;s:ceHan
QUs
I Pe-rformrln(p
I Asset overview
OCldltf:'C posit ions
i Ap[lt'fHlix
I Page 3 0110
('
('
Asset overview

created on February 01. 2012
91140.001

Equitie. and equity-like investment. by industry .eetor and country group, valued in USD
Switzerland
Eurozone
Rest of
turope
Energy
Commodities and supplies
North
America
Asia Pacific
Other
Allocation by country group
Total
----
Switzerland
t:l1rOlOne
Rest of Europe
North America
Industry
A$la PaClfl(
Non-basic consumer goods

---_.
Basic consumer goods
Oilier
Healthcare
Finance
IT
Allocation by industry sectors
Telecom services
Utilities
Other
100.0%
100.0%
260 606
Energy
Commodities and
supplies
Industry
Total
100.0%
uso
200 606
consumer
100.0%
goods
BasIc consumer
goods
260 606
Healthcare
Finance
If
Telecom services
lJi:i!ibcs
atiler
;,,'j,yl): 'lV'
I Pelformame
I Asset overview
I O-etalled
PO";'ltlOr1!:
I ApPC'I1CllX
I Page 4 of 10
r
Detailed positions
(urr.
Quantity
Description
Slotement of assets as of Januar)! 31, 2012
91140.001
created on Februar)! 01, 2012
Maturity
Risk curr.
Yield to
Cost price
Valuation
Market price
Market value USD
% of net
Exchange rate
Exchange rate
Exchange rate
Accrued interest
assets
mat.
in USD
Account invest"",nts
USD
2 015029.34 Current account USC (USC)
2 015 029
USD
88.55%
lBAN CH03 0875 7000 0123 1174 5

EUR
EUR
1.3090
1.5780
lBAN CH57 0875 7000 012311743

..
GBP

lBAN CH30 0875 7000 012311744
GBP
Accrued interest
2 015029
: . 5.'1,1, 'j;,.l)
I PerformdtlCP
88'>5%
Total short-term investments
- ..
2 015 029
I AssC't overview
88.55%
Page 5 of 10
,.
,.
Detailed positions

91140.001

Description
Quantity
Security
(l0.
Sector
Risk curro
ISIN
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market value USD

Accrued interest
in USD
% of net
assets
Equities USD
1.63 UNITS HARBINGER CLASS L S[RIES 04-10

11366765
Other
xaOl13667659
USD
USD
1 101.35
1 048.00
4.84%
- 4.84 D!n
1708
0.08%
1.7 UNITS HARBINGER CLASS l SERIES 07/10

11652574
Other
xa0116525748
USD
USD
1047.04
996.33
- 4.84"10
1694
0.07%
------_..

4.84%
--_.
11021234
Other
XD0110212343
------
'''---'
usa
usa
1 191.04
1 133.36
- 4.84"10
- 4.84"10
1711
0.08%
usa
usa
1555.70
1480.35
- 4.84%
1717
0,08%
USD
usa
0.00
13 204
0.58"10
1.16 UNITS HARBINGER CLASS LSERrES 10

10745035
Other
XD0107450351

Valuation: 30,11.2011
10383840
Other
XOOI03838401
---- - - ,09 UNITS HARBINGER CLASS LSERIES 6

Valuation: 30.11,2011
10458010
Other
X00104580101
USD
USD
2528,78
11020480
Other
XD0110204803
USD
USD
116.51
---usn
USD
748.11
...
- - _...
26,39 UNITS HARBINGER CLASS PE SERIES 01-10
Valuation: 30,11,2011
_--
------..
-_.
.-
- - - - - - -...
25,28 UNITS HARBINGER CLASS PE SERIES 04-10

Valuation: 30,11,2011
I PNform(lflCe
I Asset
11366493
Other
XD0113664938
overview
3872,26
------- ..
2 406.30
-----_..
...
4,84%
. ..
577 ,65
- - ..
603,13
..--.
217
0.01%
_-
- 19.38%
- 19,38"10
15244
0.67',
19.38f,1/0
15247
0.07%
- 19.38%
Apl)t'ntl1)(
I Page 6 of 10
r
Detailed positions
Statement of assets as of Janua!)' 31, 2012

created on Februa!)' 01, 2012
91140.001

Security no.
Description
Sector
Risk curro
ISIN
Cost price
Market price
Change price
Market value USC
% of net
Exchange rate
Exchange rate
Change total
Accrued interest
assets
in USC
Equities
usn
(Continuation)

----
usa
Other
11652464
XOO116524642
4752296
Other
XOOO47522962
- - -..
...
usa
usa
usa
usa

10745470
Other
XQ01074547QO
usa

10458218
Other
XD0104582180
usa
323.3363 UNITS PROfESSIONAL OFfSHORE OPPORTU

NI1Y fUND LTD -C
3380081
Other
VGG7254CI041
usa
------
833.81
672.22
usa
USD
0.00
515.83
0.00
535.35
0.00
534.32
---
----204.94
111 301
4.89%
--------------
15247
0.67%
1806
---
204.94
O.OQ%
66263
2.91',
260 606
11.45%
0.00%
Accrued interest
260606
Total equities and equity-Uke Investments
1. J ",:1,'1')
0.67%
"""---
15246
19.38%
19.38%
I Perfortnanc!:'
I As)el
overview
I OetaHed positions
AppCnG1X
11.45%
I Page 7 of 10
("
Detailed positions
Quantity
Description
51atement of assets a' of January 31, 2012
91140.001
Security no,
!SIN
Risk curr.
10043195
USD
Co,t
Market price
Change price
Exchange rate
Exchange rate
Change total
Market value U5D

Accrued interest
in usn
'f, of net
assets
usa
1189.1332 UNITS HIMELSlN MANOEll5ERIE51
USD
0.00
XDOI00431950
Accrued interest
Total assets {excluding accrued interest)

Accrued interest
1.
0.00%
2 275 635
100.00%
o
2 275 635
Total assets
iJ
o
o
o
I PortoTnldfltf:
I Asset
ovelvie'.':
Appt:llfJ1X
100.00%
I Page 8 of 10
('
('
Statement of .ssets as of Jaouary 31, 2012

91140.001
(urrent earnings
Earnings from interest and dlvldends less any withhotding tax paid (credited net earnings), balance of accrued interest on purchases and sates and changes in accrued
interest.
Changes in value
Realised and unreatised gains arising from changes in value. Unrealised gains consist of changes in value affecting xlsting positions at the time of valuation.
Total return
Total return equals the sum of current earnings 'Plus changes in value.
The assets shown in the performance overview can dlffer from the assets shown in the asset overview due to differences in the evaluation method (reference date).
Performance
Performance measures the total income of the portfolio relative to the portfolio value. Inflows and outflows (withdrawals and deposits) are considered using the money
and time-welahted calculation method. Performance refates to the reporting period.
Net petformance
Performance after deduction of aU transaction and administrative costs and net of non-reclaimable withholding taxes.
- - ----------
The reporting period is divided into sub-periods. Performance is calculated for each sub-period and then combined for the entire reporting p
inflows and outflows (withdrawals and deposits} meaning they do not have any impact on performance
Moneyweighted
Performance 15 calculated by dlviding the sum of current earnings and changes in vatue by thc average invested
impact the amount of invested capital and thus Derformance.
This neutralises
Inflows and outflows (withdrawats alld deposits)
Short-term invcstments
Account assets and liabilities, accrued interest of short-term investments, foreign exchange transactions, money market investments, money market investment funds
Bonds and simHar investments, accrued interest of bonds and bond-like investments, bond investment funds and structured products with bond characteristics
- - ----------

1.1':l.9f.l',.'! ,CI
I Performance
and equity-like investments,
investment funds. and structured products with equity characteristics
funds, private equity investments, real estate investments and commodities
Units in
A::.:,et overviel'.l
I Detailed po:;itl()n'l
I Appendix
I Page 9 of 10
Miscellaneous
Statement of assets as of January 31,2012

91140.001
(Part ( of Bank Vontobel AG Basic Documents).
NB: Please note that your securities may be used for securities Lending purposes in accordance with the Terms and Conditions for Securities
Valuations of the contents of the custody account are based on prices and rates from common sourceS of bank information. The valuations serve as a guidance only and are not binding to the bank. The bank
accepts no liability for the correctness of the valuation or for other information or calculations in connection with the assets entered into the account.
if no valuation is indicated, this means that no current price could be determined or that the instrument carries no vatue. The prices disptayed do not commit the bank to buy or sell at this price or rate.
We
Ll'.. :'!j0
ask you to check this statement of assets and, in the event of discrepancies, to
Performance-
! Ass('t overview
in writing within four weeks from the mailing date.
j Detditf::'d po)iliurls
I Appendix
I Page 10 of 10

P.O. Box 0832-0886 WTC
Panama
PANAMA
Ban k Vontobel AG
Gotthardstrasse 43. CH-8011 Zurich
Telephone +41 581B3 7111
www.vontobel.com
Clearing: 8757. BIC: VONTCHZZXXX, 116.300.767 VAT
CUent advisor
Stephan Keiser
Telephone +41 58 183 71 38
Mandate
Name
91140
Mandate
91140.001
January 17. 2012
The foUowing securities were delivered to us to be credited to your custody account

Delivered by
Bank Sarasin & (ie AG , Basel
323.3363
UNITS PROFESSIONAL OFFSHORE OPPORTUNITY FUND LTD CSecurity 3380081. IS[N VGG7154C1041
Trade date
Value Date
December 20. 2011

January 1. 2011

P.O. Box 0832-0886 WTC
Panama
PANAMA
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, BIC: VONTCHZZXXX, 116,300.767 VAT
Client advi,or
Stephan Keiser
Telephone +41 582837138
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sarasin & (ie AG, Baset
0,09
UNITS HARBINGER CLA SS l SERIES 6

Securily 10458010, ISIN XD0104580101
Trade date
VaLue Date
September 15, 2011

November 30, 2011
Bank Von tobel AG

Telephone +41 5828371 11
www.llontobel.com
Clearing: 8757, BIC: VONTCHllXXX, 116,300.767 VAT
CHent advisor
Stephan Keiser
Telephone +41 58283 71 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sarasin & (ie AG. Basel
1.16
UNITS HARBINGER ClJ\SS LSERIES 10

Security 10745035, ISIN XD0107450351
Trade date
September 15, 2011

Nove mber 30, 2011
Value Date
Bank Vontobel AG
Telephone +41 58283 71 11
www.vontobeLcom
Clearing: 8757, BIC: VONTCHZZXXX, 116.300.767 VAT
Client advisor
Stephan keiser
Telephone +41 58 283 71 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sara sin & Cie AG, Basel
1.51
UNITS HARBINGER CLASS l. SERIES 1-10

Security 11021234, ISIN XDD110212343
Trade date
September 15,2011
November 3D, 2011
Value Date
Bank Vantabel AG
Gatthardstrasse 43, CH-8022 ZUrich
Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, HIC: VONTCHZZXXX, 116.100.767 VAT
Client advisar
Stephan Keiser
Telephone +41 58 283 71 18
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sarasin 8. (ie AG, Basel
1.63
UNITS HARBINGER CLASS L SERIES 04-10

Security 11366765, ISIN XD0113667659
Trade date
Value Date
September 15, 2011

November 10, 2011
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, SIC: VONTCHZZXXX, 116.300.767 VAT
ClIent advisor
Stephan Keiser
Telephone +415828371 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
1.7
UNITS HARBINGER CLASS L SERIES 07/10

Security 11652574, !SIN XD011 65257 48
Trad e date
Value Date
September 15, 2011

November 30, 2011
Bank Von to bel AG

Telephone +41 582837111
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +41 58283 71 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sarasin & (ie AG, Basel
3.41
UNITS HARBINGER CLASS LSERIES 2

Security 10383840, ISIN XD0103838401
T"de date
Value Date
September 15, 2011

November 30, 2011
ii
Bank Vontobel AG
Telephone +41 58183 7111
www.vontobel.com
Clearing: 8757, BIC: VONTCHZlXXX, 116,300.767 VAT
Client advisor
Stephan Keiser
Mandate
Name
91140
Mandate
91140.001
January 16, 1011

Delivered by
Bank Sarasin & Cie AG, 8asel
11.68
UNITS HARBINGER CLASS PE SERIES 07-10

Security 11651464, ISIN XD0116514641
Trade date
September 19, 1011

November 30, 1011
Value Date
;;
ii
Bank Vontobel AG
Go tthardstrasse 43, CH-8022 Zurich
Teleph on e +415 82837111
www ..ontobel.com
Clearing: 8757, BIC: VONTCHZZXXX, 116 .300.767 VAT
Client advisor
Stephan Keiser
Telephone +41 58283 7138
Mandate
Name
91140
Mandate
91140.001
Janu ary 16, 2012
The following securities were delivered to us to be credite d to your custody accoun t

Delivered by
Ban k Sarasin & Cie AG , Basel
215.77
UNITS HARBINGER CLASS PE SERIES 1

Security 47522 96, ISIN XD004 7522962
Trade date
Value Date
September 19, 2011

Nove mber 30, 1011
Bank Vontobel AG
Telephone +41 581837111
www.vontobeLcom
Client advisor
Stephan Keiser
Mandate
Name
91140
Mandate
91140.001
January 16, 1011

Delivered by
3.38

Security 10458118, ISIN XD0104581180
Trade date
September 15, 1011
Value Date
November 30,2011
Bank Von to bel AG

Telephone +41 58 283 71 11
www.vontobel.com
Client advisor
Stephan Keiser
Telephone 1'41 5828371 38
Mandate
Name
91140
Mandate
91140,001
January 16, 2012

Delivered by
28.48

Security 10745470, ISIN X00107454700
Trade date
Value Date
September 15,2011
November 30, 2011
Bank Vontobel AG
Gotthard,tra"e 43, CH-8011 ZUrich
www.vontobel.com
Clearing: 8757, BIC: VONTCHUXXX, 116.300.767 VAT
Client advisQr
Stephan Keiser
Telephone +415828371 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012

Delivered by
Bank Sara,in & (ie AG, Basel
26.39
UNITS HARBINGER (LASS PE SERIES 01-10

Security 11010480, ISIN XDOII0204803
Trade date
Date
September 15, 2011

November 30, 2011
Bank Vontobel AG
Gotthardstrasse 43, CH8022 ZUrich
Telephone +41 58283 7111
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +4158283 71 38
Mandate
Name
91140
Mandate
91140.001
January 16, 2012
Delivered by
25.28

Security 11366493, ISIN XDOl13664938
Trade date
Value Date
September 15, 2011

Novem ber 30, 2011
From:
To:
CC:
Date:
Subject:
Attachment(s):
eleon@mossfon.com
Rjimenez@mossfon.com, dleon@mossfon.com
Feb 8, 2012, 9:32 AM
2
Bueno das,
Favor abrir caso como sigue:
RICARDO JIMENEZ
Substitutes:
EDISON TEANO
EMERITH DE LEON
Jurisdiction:
PMA
Client:
Type of Case:
OUT GOING WIRE TRANSFER
Payment of the quotation C-1900042
Company/Case Name:
Management:
Mossfon Managers
Date Assigned:
16-08-2011
gracias

Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com
From: Ricardo Jimnez - Mossfon Trust

Sent: mircoles, 08 de febrero de 2012 08:54 a.m.
To: Daniel Len - Mossfon Trust; Emerith De Len - Mossfon Trust
Subject: RE: FAMILY AND CHILDREN CHARITABLE FOUNDATION
Buenos das,
Confirmo que los $565.00 se encuentran en Mossfon Escrow SRL.

Ricardo Jimnez
Financial Officer
Tel. +507 206 9490 ext 207
www.mossfon.com
From: Daniel Len - Mossfon Trust

Sent: Tuesday, February 07, 2012 12:59 PM
To: Emerith De Len - Mossfon Trust; Ricardo Jimnez - Mossfon Trust
Hola Ricardo,
No se trata de mi caso de transferencia que atendiste recientemente. Se

trata de la primera transferencia que se hizo. Por favor ver la
cotizacin del caso No. 1900042
Aguardamos tus posteriores comentarios y gracias.

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From: Emerith De Len - Mossfon Trust

Sent: martes, 07 de febrero de 2012 12:57 p.m.
To: Daniel Len - Mossfon Trust
Subject: FW: FAMILY AND CHILDREN CHARITABLE FOUNDATION
Dany, facturo y cierro right?

Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com

Se pag, revisa la cotizacin.

Ricardo Jimnez
Financial Officer
Tel. +507 206 9490 ext 207
www.mossfon.com

To: Ricardo Jimnez - Mossfon Trust; Emerith De Len - Mossfon Trust
Subject: FAMILY AND CHILDREN CHARITABLE FOUNDATION
Hola Ricardo,
En este caso que te copio abajo de los US$75,565.00 que transferiste a

MOSSFON ESCROW, US$565.00 eran para MF Treasurer Ltd para el pago de la
cotizacin No. 1900042. Sabes dnde se encuentran estos US$565.00?
Aguardamos tus comentarios.

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Feb 7, 2012, 1:43 PM
RE: Loan --- (1965369/ET/dl)
1
Dear Mr. Kapur,
Please accept my sincerest apologize.
You are right, the correct date in which the funds were wired to Mrs. Bina
was January 31, 2012. The funds were not wired twice.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Hi Daniel this was already received. I hope it was not sent twice.
thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur


From: Chetan Kapur
thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.


Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):
Feb 7, 2012, 12:04 PM
RE: Loan --- (1965369/ET/dl)
1
Hi Daniel this was already received. I hope it was not sent twice.
thanks

Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.

From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur

Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):
dleon@mossfon.com
eleon@mossfon.com, Rjimenez@mossfon.com
Feb 7, 2012, 12:59 PM
RE: FAMILY AND CHILDREN CHARITABLE FOUNDATION
2
Hola Ricardo,
No se trata de mi caso de transferencia que atendiste recientemente. Se

trata de la primera transferencia que se hizo. Por favor ver la
cotizacin del caso No. 1900042
Aguardamos tus posteriores comentarios y gracias.

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Subject: FW: FAMILY AND CHILDREN CHARITABLE FOUNDATION
Dany, facturo y cierro right?

Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com


Ricardo Jimnez
Financial Officer
Tel. +507 206 9490 ext 207
www.mossfon.com

Hola Ricardo,


Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):
Rjimenez@mossfon.com
dleon@mossfon.com, eleon@mossfon.com
Feb 7, 2012, 12:35 PM
RE: FAMILY AND CHILDREN CHARITABLE FOUNDATION
2

Ricardo Jimnez
Financial Officer
Tel. +507 206 9490 ext 207
www.mossfon.com

Hola Ricardo,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):
dleon@mossfon.com
Rjimenez@mossfon.com, eleon@mossfon.com
Feb 7, 2012, 11:39 AM
2
Hola Ricardo,


Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Feb 7, 2012, 11:41 AM
RE: Loan --- (1965369/ET/dl)
1
Dear Mr. Kapur,
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,



$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
Bank Vontobel AG
Telephone +41 58283 71 II
www.vontobeLcom
Clearing: 8757, SIC: VONTCHZZXXX, VAT 335 39B
Client advisor
Stephan Xeiser
Telephone +415828371 38
(UrTent account USD (USD)
Name
91140
Mandate
Account number
IBAN
91140,001
91140.001.001
CH03 0875 7000 012311745
Account statement
December 31, 2011
01.12.2011 until 31.12.2011

Debit
Overview
Opening balance
Total credits
Total debits
Closing balance
Credit
Account balance
2 042 620.05
47 000.00
1847.71
2 087 772,34
Credit _===
Value date -=.:====::.
Account balance
--==::.:
Debit _ _
::;Da::.:t:::..e_ _ _ _ :,:fn"'fo:.:r"'m:::;ati"'o:;;n'--_ _ _ _ _ _ _ _ _ _ _ _-=.c::.:.:.:
3_0_,1_1_.2_01;.;1'--__
_ __
09,12,2011
C,edit APC, LLC
Order....numbe,
149994112
-....- - .... ......Periodic fees 91140.001
16.12.2011
5_ _ _ _ _ _ _
_ _ _....__ O_'_d_e,_number 1504648cc7.:c
Total turnover
31.12.2011
Closing balance
47000.00
-
._- ---1847.71
.-
09.12.2011
2 042 620.05
2089620.05
-:::--:-::-::::-: --.:-:;:
31.12.2011
2087772.34
----c
1847.71 _ _-,,4,-7",00:.:0::;.0::,::0 _ _ _ _ _ _::-::==::-::-:

2087 772.34
We kindly ask you to check this account statement and. in the event of discrepancies, to send any objections in writing within four weeks
01 the mailing date.
Page I
olt!,j
From:
To:
Date:
Subject:
Attachment(s):

'Chetan Kapur'
Jan 25, 2012, 9:52 AM
RE: Loan --- (1965369/ET/dl)
1
Dear Mr. Kapur,
We confirm to you that we are proceeding to transfer the funds to our

Escrow account accordingly. Once funds reach our Escrow account, we will
arrange a wire transfer in favour of Mrs. Rina Rai in the amount of US
$72,000.00 as per the loan agreement.
We will keep you informed on the developments of this case.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: Tuesday, January 24, 2012 4:26 PM
Hi daniel
Pls find attached the signature page. Pls send back a countersigned copy.
thanks

Sent: Tuesday, January 24, 2012 9:17 AM
To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):

Jan 25, 2012, 9:48 AM
FAMILY AND CHILDREN CHARITABLE FOUNDATION --- (1965369/ET/dl)
10
Estimado Ricardo,
Hemos recibido instrucciones del Sr. Chetan Kapur de transferir la suma de

US$72,000.00 de la cuenta bancaria que mantiene la fundacin FAMILY AND
CHILDREN CHARITABLE FOUNDATION en el Bank Vontobel AG, a favor de la Sra.
Bina Rai en calidad de prstamo, pero a travs de nuestros servicio de
intermediacin comercial (MOSSFON ESCROW SRL). De ser posible, por favor
toma de la cuenta bancaria de la fundacin todos los cargos bancarios
necesarios de forma tal que la Sr. Rina Rai reciba los fondos completos.
- Adjunto encontrars borrador del contrato de prstamo, y la

ltima pgina firmada por la Sra. Bina Rai. El resto del contrato es
firmado por el staff de MF, y ya est en proceso de firma;
- Autorizaciones firmadas por el Sr. Chetan Kapur en calidad de
Protector de la fundacin;
- Borrador de Acta de Consejo Fundacional
- FOUR EYES
Muchas gracias por tu asistencia con este asunto, y me mantienes informado

por favor.
cordiales saludos,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: martes, 24 de enero de 2012 04:26 p.m.
Hi daniel
thanks

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano

Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
FOUR EYES INSTRUCTION FORM

EYE#1 TRUST EXECUTIVE / CORPORATE RESPONSIBLE: Edison Teano / Daniel Leon
Date of Request:
January 25, 2012

MF TREASURER LTD.
0100022707
Amount to Transfer USD $ 565.00
Date of Transfer:
January 25, 2012
MFG Fees USD $

Reason for the
Transaction:
Pago de honorarios por servicio de intermediacin comercial

Cotizacin No. 1965369
Form of Payment:
Credit
EYE#2 BENEFICIARY OF THE TRANSACTION

Yes
Administrators Approval:
No
Check Expiry Date:
______________
EYE#3FINANCIAL OFFICER RESPONSIBLE:

Issue invoice.
EYE#4 AUTHORIZED SIGNATORIES APPROVAL FOR TRANSFER

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments

EYE#1 TRUST EXECUTIVE / CORPORATE RESPONSIBLE: Edison E. Teano / Daniel Leon
Date of Request:
January 25, 2012

MOSSFON ESCROW SRL

Beneficiarys Bank Name: The Winterbotham Trust Company Limited
1008119
Amount to Transfer USD $ 72,000.00
Date of Transfer:
January 25, 2012
MFG Fees USD $ 565.00

Reason for the
Transaction:
Servicio de intermediacin comercial (prstamo).
Form of Payment:
Credit

Yes
No
Check Expiry Date:
______________

Issue invoice.

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments

MOSSFON ESCROW SRL
Date of Request:

Bina Rai
Beneficiarys Bank Name: Bank of America
483030760283
Date of Transfer:
MFG Fees USD $ N/A

Reason for the
Transaction:
Form of Payment:
Credit

Yes
No
Check Expiry Date:
______________

Issue invoice.

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments
LOAN AGREEMENT
Maturity date: January 2022
This is a Loan Agreement made on 23th January, 2012 between:

a)

b)

the Debtor; and
c)

WHEREAS:
2. The Debtor is opening an art advisory firm / gallery in New York and requires a
loan in the amount of SEVENTY TWO THOUSAND DOLLARS WITH 00/100
(US$72,000.00) (hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:

1. The lender shall grant the Loan as required by the Debtor.
Escrow Agent US$72,565.00 This sum is to be held by the Escrow Agent for
payment of the ESCROW fees (US$565.00), and delivery of the Loan

(US$72,000.00) to the Debtor in accordance with the terms of this agreement.
a. One only payment in the amount of SEVENTY TWO THOUSAND
DOLLARS WITH 00/100 (US $72,000.00) to be transferred to Bina
Rai, the Debtor, to her bank account at:
this confirmation once the Lender verifies the Debtor has advanced
in the process to open the art advisory firm/gallery.
to receive US$565.00, which will be deducted from the funds held in
its best judgment.
interest) to the Lender within a 10 year term, as from the month of January
2012 until January 2022, at a 5% annual rate. Principal and accrued
interest will be payable at maturity.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
Page 1 of 1
MOSSFON
MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
MANAGERS
UPON RECEIPT
You can pay your invoices through our ONLINE PAYMENT SYSTEM.
If you wish to subscribe to this service you can contact us by sending an
email to mftcollections@mossfon.com or call us at (507) 2069490.
following account:
Quotation No.:
C-1965369
DATE:
JANUARY 25, 2012
OUR REFERENCE:
MFM/29256/703809
COMPANY NAME:
OUR FEE FOR ESCROW SERVICES - TRANSFER OF US$72,000.00 TO BINA RAI
565.00
Total
565.00

(La Fundacin)
enero de 2012 a las 9:00 a.m.

SE RESOLVI:
Autorizar, como al efecto se autoriza, la transferencia de fondos por el monto de QUINIENTOS
SESENTA Y CINCO CON 00/100 (US$565.00) de la cuenta No. 91140.001.001 que mantiene la
profesionales.
Intermediary Bank
Address:
Fedwire (ABA):
SWIFT:
Beneficiary Bank:
Address:
HSBC Bank USA N.A.

USA
021001088
MRMDUS33
Account:
SWIFT:

000141186
MIDLPAPA
Beneficiary:
Account:
MF TREASURER LTD.
0100022707
____________________________
FRANCIS PREZ
________________________
KATIA SOLANO

(La Fundacin)

CONSIDERANDO:
Que el Consejo de Fundacin recibi autorizacin firmada del Protector de la Fundacin fechada 20 de
enero de 2012, para firmar el contrato de prstamo con la Sr. Rina Rai en representacin de la Fundacin, e
instruir a los firmantes autorizados de la cuenta bancaria de la Fundacin para odenar la transferencia de
fondos por la suma de US$72,000.00 a favor Mossfon Escrow SRL (el Agente Escrow), y en virtud a lo
establecido dentro del contrato de prstamo.
SE RESOLVI:
1. Aprobar la firma del contrato de prstamo con la Sra. Rina Rai por la suma de US$72,000.00.
2. Autorizar, como al efecto se autoriza, la transferencia de fondos por el monto de SETENTA Y DOS
MIL DLARES CON 00/100 (US$72,000.00) de la cuenta No. 91140.001.001 que mantiene la
Fundacin con Bank Vontobel AG, a favor de el Agente Escrow conforme a las siguientes coordenadas
bancarias:
BENEFICIARY
BANK:
Name:
Address:
HSBC BANK
PLC
Bristol Branch
Sort Code:
Swift:
400515
MIDLGB22
BENEFICIARY:
Name:
Address:
Account:
FOR FURTHER
CREDIT:
Name:
Account:
The Winterbotham Trust

Company Limited
Winterbotham Place, P.O. Box
N-3026, Nassau, Bahamas
GB34MIDL40051567759884
MOSSFON ESCROW SRL
1008119
____________________________
FRANCIS PREZ
________________________
KATIA SOLANO
From:
To:
Date:
Subject:
Attachment(s):

Jan 25, 2012, 9:48 AM
FAMILY AND CHILDREN CHARITABLE FOUNDATION --- (1965369/ET/dl)
10
Estimado Ricardo,
Hemos recibido instrucciones del Sr. Chetan Kapur de transferir la suma de

US$72,000.00 de la cuenta bancaria que mantiene la fundacin FAMILY AND
CHILDREN CHARITABLE FOUNDATION en el Bank Vontobel AG, a favor de la Sra.
Bina Rai en calidad de prstamo, pero a travs de nuestros servicio de
intermediacin comercial (MOSSFON ESCROW SRL). De ser posible, por favor
toma de la cuenta bancaria de la fundacin todos los cargos bancarios
necesarios de forma tal que la Sr. Rina Rai reciba los fondos completos.
- Adjunto encontrars borrador del contrato de prstamo, y la

ltima pgina firmada por la Sra. Bina Rai. El resto del contrato es
firmado por el staff de MF, y ya est en proceso de firma;
- Autorizaciones firmadas por el Sr. Chetan Kapur en calidad de
Protector de la fundacin;
- Borrador de Acta de Consejo Fundacional
- FOUR EYES
Muchas gracias por tu asistencia con este asunto, y me mantienes informado

por favor.
cordiales saludos,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

Sent: martes, 24 de enero de 2012 04:26 p.m.
Hi daniel
thanks

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano

Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks

EYE#1 TRUST EXECUTIVE / CORPORATE RESPONSIBLE: Edison Teano / Daniel Leon
Date of Request:
January 25, 2012

MF TREASURER LTD.
0100022707
Amount to Transfer USD $ 565.00
Date of Transfer:
January 25, 2012
MFG Fees USD $

Reason for the
Transaction:
Pago de honorarios por servicio de intermediacin comercial

Cotizacin No. 1965369
Form of Payment:
Credit

Yes
No
Check Expiry Date:
______________

Issue invoice.

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments

Date of Request:
January 25, 2012

MOSSFON ESCROW SRL

Beneficiarys Bank Name: The Winterbotham Trust Company Limited
1008119
Date of Transfer:
January 25, 2012
MFG Fees USD $ 565.00

Reason for the
Transaction:
Form of Payment:
Credit

Yes
No
Check Expiry Date:
______________

Issue invoice.

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments

MOSSFON ESCROW SRL
Date of Request:

Bina Rai
Beneficiarys Bank Name: Bank of America
483030760283
Date of Transfer:
MFG Fees USD $ N/A

Reason for the
Transaction:
Form of Payment:
Credit

Yes
No
Check Expiry Date:
______________

Issue invoice.

Signatory 1
Signatory 2
Name
Name
Signature
Signature
Date
Date
Additional
Comments
Additional
Comments
LOAN AGREEMENT

a)

b)

the Debtor; and
c)

WHEREAS:
(US$72,000.00) (hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:

Escrow Agent US$72,565.00 This sum is to be held by the Escrow Agent for

its best judgment.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
Page 1 of 1
MOSSFON
MOSSFON BUILDING
54TH STREET
P.O. BOX 0832- 0886, W.T.C.
MANAGERS
UPON RECEIPT
You can pay your invoices through our ONLINE PAYMENT SYSTEM.
If you wish to subscribe to this service you can contact us by sending an
email to mftcollections@mossfon.com or call us at (507) 2069490.
following account:
Quotation No.:
C-1965369
DATE:
JANUARY 25, 2012
OUR REFERENCE:
MFM/29256/703809
COMPANY NAME:
OUR FEE FOR ESCROW SERVICES - TRANSFER OF US$72,000.00 TO BINA RAI
565.00
Total
565.00

(La Fundacin)

SE RESOLVI:
Autorizar, como al efecto se autoriza, la transferencia de fondos por el monto de QUINIENTOS
SESENTA Y CINCO CON 00/100 (US$565.00) de la cuenta No. 91140.001.001 que mantiene la
profesionales.
Intermediary Bank
Address:
Fedwire (ABA):
SWIFT:
Beneficiary Bank:
Address:
HSBC Bank USA N.A.

USA
021001088
MRMDUS33
Account:
SWIFT:

000141186
MIDLPAPA
Beneficiary:
Account:
MF TREASURER LTD.
0100022707
____________________________
FRANCIS PREZ
________________________
KATIA SOLANO

(La Fundacin)

CONSIDERANDO:
Que el Consejo de Fundacin recibi autorizacin firmada del Protector de la Fundacin fechada 20 de
enero de 2012, para firmar el contrato de prstamo con la Sr. Rina Rai en representacin de la Fundacin, e
instruir a los firmantes autorizados de la cuenta bancaria de la Fundacin para odenar la transferencia de
fondos por la suma de US$72,000.00 a favor Mossfon Escrow SRL (el Agente Escrow), y en virtud a lo
establecido dentro del contrato de prstamo.
SE RESOLVI:
1. Aprobar la firma del contrato de prstamo con la Sra. Rina Rai por la suma de US$72,000.00.
2. Autorizar, como al efecto se autoriza, la transferencia de fondos por el monto de SETENTA Y DOS
MIL DLARES CON 00/100 (US$72,000.00) de la cuenta No. 91140.001.001 que mantiene la
Fundacin con Bank Vontobel AG, a favor de el Agente Escrow conforme a las siguientes coordenadas
bancarias:
BENEFICIARY
BANK:
Name:
Address:
HSBC BANK
PLC
Bristol Branch
Sort Code:
Swift:
400515
MIDLGB22
BENEFICIARY:
Name:
Address:
Account:
FOR FURTHER
CREDIT:
Name:
Account:

Company Limited
GB34MIDL40051567759884
MOSSFON ESCROW SRL
1008119
____________________________
FRANCIS PREZ
________________________
KATIA SOLANO
From:
To:
Date:
Subject:
Attachment(s):

dleon@mossfon.com
Jan 23, 2012, 3:30 PM
FW: Loan --- (1965369/ET/dl)
2
FYI

Krhistell Reyes
Tel. + 507 205-5888 ext 270
www.mossfon.com

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano

Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):
Chetan Kapur
Jan 24, 2012, 4:31 PM
RE: Loan --- (1965369/ET/dl)
2
Hi daniel
thanks

To: Chetan Kapur
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262

www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
From:
To:
Date:
Subject:
Attachment(s):

Chetan Kapur
Jan 24, 2012, 9:17 AM
FW: Loan --- (1965369/ET/dl)
2
Dear Mr. Kapur,

transfer.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

attached.

From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan
other fees ?
thanks
LOAN AGREEMENT
Loan Amount: US$72,000

a)

registered foundation to microjacket 43467, document 1855101 at the
b)

the Debtor; and
c)

WHEREAS:
(US$72,000) (hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:

Escrow Agent US$72,565. This sum is to be held by the Escrow Agent for

(US$72,000) to the Debtor in accordance with the terms of this agreement.
its best judgment.
8. The Debtor shall have the prerogative to pay off the loan at any time, prior to
Its maturity date;
9. Throughout the life of the Loan, until its full settlement, the Debtor may not be
dissolved, merged or absorbed by another Company, without the prior and
express written consent of the Lender.
Agreement. In such cases, the Lender may take legal action even if the term
has not yet expired.
construed as a debt remission or waiver of these rights or its guarantees. Partial
default
will
not
cause
the
annulment
of
the
Agreement.
13. The contracting parties agree to abide by the full terms and conditions of the
clauses of this Agreement, and in witness whereof, they have freely and
voluntarily subscribed two counterparts of the same tenor.
conflicts shall be subject to the laws of the Republic of Panama and may be
submitted for conciliation and/or arbitration at the Conciliation and Arbitration
Center of the Chamber of Commerce, Industry and Agriculture of Panama,
whose expenses shall be covered equally by the parties.
In witness whereof, the parties have executed this agreement in three (3)
originals.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
From:
To:
Date:
Subject:
Attachment(s):

dleon@mossfon.com
Jan 23, 2012, 3:31 PM
FW: Loan --- (1965369/ET/dl)
2
FYI

Krhistell Reyes
Tel. + 507 205-5888 ext 270
www.mossfon.com

attached.
From: Chetan Kapur

From: Chetan Kapur

thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,


$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.


Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
LOAN AGREEMENT

a)

b)

the Debtor; and
c)

WHEREAS:
(US$72,000) (hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:


its best judgment.
Its maturity date;
default
will
not
cause
the
annulment
of
the
Agreement.
originals.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
From:
To:
CC:
Date:
Subject:
Attachment(s):
Chetan Kapur
Jan 23, 2012, 2:34 PM
RE: Loan --- (1965369/ET/dl)
1
thereafter. thanks

To: Chetan Kapur
Dear Mr. Kapur,

$75,000.00.
Kind regards,

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
'"
.,
Statement of assets as of December 31, 2011
Client information
- - _....Name
Mandate
91140
91140.001

currency
Service type
usn
Client advisor
Name
Telphone
Fax
E-Mail
Bank Vontobel AG
Gotthardstrassc 43
CH-8022 lurich
Telephone +4158 283 7111
,',?
Fax +41 58 283 76 50

www.vontobel.com
Stephan Keiser
+41 S8 283 71 38
+41 58283 1630
stephan.kelser@vontobeLch
--
.,
""
Content
Page
Performance
Asset overview
Total assets
Detailed position.
investments
i;
Atternatlve investments
:',
}?:.I ... '",7
.,
.,
Performance
Statement of assets as of Oecember 31,2011
91140.001
created on December 31, 2011

usa

Net inRows, adjusted
------ ---
- -----
----
----
Withholding tax
-----
---
--
----
----
------
----
2 091 435
2091 435
2091435
Adjusted assets
Current earnings
--- ------- -----Net income credited
._-_._Accrued interest on purchases and sales
o
o
Withholding tax
o
o
TotaL current earnings
3663
Changes in value
Total return
-3663
Ending v.lue of assets as of 31.12.2011
2087772
Net perform.nce. time-weighted (TWR)
0.18%
..
:3)',\1/
I Performance
overview
- 0.27%
I {)rtailec
pu:.itlom
I App>2ndix
I Page 2 of 7
....
'l
Asset overview
Statement of assets as of December 31. 2011

created on Oecember 31. 2011
91140.001
Total assets
Total.ssets by investment category and currency, valued in US!)
USO
Total
2 087 772 100.0'1,
2087 772
100.0%
2087 772 100.0%
2087 772
100.0%
Bonds
Equities
Miscellaneous
Total in US!)
2087 772
Exchange rate
AUocation by currency
usn
Shortterm inVestment!>
Bonds
r
Alternative investment)
).\',321";';'7
..
) Performance
I A ..,t overview
j Oetailed positions
I Appendix
I Page l of 7
.,
.,
Detailed positions
91140.001
Statement of assets as of December 31. 2011

created on December 31f 2011
Curr.
Quantity
[}escription
Maturity
Yield to
Risk curro
(ost price
b:change rate
Valuation
Exchange rate
Market price
Exchange rate
mat.
Market value USD
% of net
Accrued interest
assets
in lIS0
Account investments
USD
2 087 772.34 Current account USD

IBAN CH03 087, 7000 0123 11745
USD
EUR
0.00 Current account Eurn (EUR)

IBAN (H57 0875 7000 0123 1174 3
EUR
GBP

IBAN CH30 0875 7000 0123 11744
GBP
2087 772
1.2981
-----
-------
Performance
2087 772
100.00%
rotal short-term Investments
l_b.:?:.:.i\7
------.
1.5'>41
Accrued interest
100.00%
2 087 772
I Asset oVNview
I ApP2ndix
100.00%
I Page 4 of 7
.,
.,
Detailed positions

91140.001
Quantity
Description
Security no.
ISIN
Risk curro
1004319.
XDOI00431960
usa
Cost price
Exchange rate
Market price
Exchange rate
Change price
Change total
Market value usa

Accrued interest
in usa
% of net
assets
Alternative investments USD

1189.1332 UNITS HIM!:LSEIN MANO!:L LSERIES 1
USO
0.00
Accrued interest
Total alUfmative Investments
0.00%
2087 772
100.00%
Totdl assets (excluding accrued interest)

Accrued interest
o
2 087 772
Total assets
DI'f!
.. SJcl.vJf
j Performance
0,00%
! Asset
I Appendix
100.00%
I Page 50f7
.,

created on Oecember 31. 2011
91140.001
Perfonnance analysis
Current earnings
--------------Earnings from interest and dividends less any withholding tax paid (credited net earnings), balance of accrued interest on purchases and sales and changes in accrued
interest.
Changes in vatue
Realised and unrcalised gains arising from changes in value. Unrealised gains consist of changes tn value affecting existing positrons at the time of valuation.
Total return
Total return equals the sum of current earnings plus changes in value,
The asseh shown in the performance overview can differ from the assets shown in the asset overview due- to differences in the evaluation method (reference date) .
Performance
Performance measures the total income of the portfolio relative to the portfolio value. Inftows and outflows (withdrawals and de-posits) are considered using the money
and timewweighted calculation method. Performance retates to the reporting period.
Net performance
Performance after deduction of aU transaction and administrative costs and net of nonreclaimable withholding taxes.
Time-weighted
The reporting period is divided into sub-periods. Performance is calculated for each sUbwpenod and then combined for the entire reporting period. This neutralises
inflows and outflows (withdrawals and deposits) meaning they do not have any impact on performance.
Money-weighted
Performance is calculated by dividing the sum of current earnings and changes in valUe by the average invested capital. Inflows and outflows (withdrawals and deposits)
impact the amount of invested capital and thus performance.
Asset overview and detailed pOSition,

Account assets and Liabilities, accrued interest of short-term investments, foreign exchange transactions, money market investments, money market investment funds
and structured products with money market chardcteristks
Equities and equity-like investments, equity investment funds and structured products with equity characteristics
Units in hedge funds, private equity investments. real estate investments and commodities
fif.-. "' \.:
'., -__ JOI

v
0'
1 PCfformancf'
I Asset overview
I Detailed
po-,itions
I Appendix
I Page 6 of 7
..,
MisceUaneous
91140,001
"

created on December 31,2011
NB: Please note that your securities may be used for securitles lending purposes in accordance with the Terms and Conditlons for Securities Lending (Part ( of Bank Vontobel AG Basic Documents).
Valuatlons of the contents of the custody account ate based on prices and Yates from common sources of bank information. The valuations serve as a guidance only and are not btndlng to the bank. The bank
accepts no liability for the correctness of the valuation or for other information or calculations in connection with the assets entered into the account.
If no valuation is indicated, this means that no current price could be determined or that the instrument carries no valUe. The prices displayed do not commit the bank to buy or seU at this price or rate.
We kindly ask you to check this statement of assets and. in the event of discrepancies, to object in writing within four weeks from the mailing date.
IlJ
I Performance
I Asset overview
I Detailed po)itions
I Appendix
I Page 7 017
Bank Vontobel AG
Gotthardstrasse 43. CH-8022 ZUrich
www.vontobel.com
Clearing: 8757. BIC: VONTCHZZXXX. VAT 335 398
Client advisor
Steph.n Keiser
Telephone +41 58 283 71 38
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0815 1000 012311745
Credit advice
____
!lrder number 149994112
09. 2011
On December 9. 2011 we booked the following payment

By order of
Payer bank
To your credit
1.14.980,631
APe, lie
MAIN STREET 556
CHARLESTOWN
ST. KITTS AND NEVIS
BANK SARASIH AND CO. lTD
BASLE
Amount
USD
47'000.00
Value December 9.'",...:2:.:0"-11'--__
USD
47'000.00
Page 1 oft
Statement of assets as of November 30, 2011
Client information
Name
Mandate
91140
91140.001

Reference currency
Service type
USD
Client advisor
Name
Telephone
Fax
E-Mail
Bank Vontobel AG
Gotthardstrasse 43
CH-8022 ZUrich
4.836.432
174(;/ .. 501
Telephone +41 58 283 7111

Fax +41582837650
www.vontobeL.com
Stephan Keiser
+41 58 283 71 38
+41 58 283 76 30
stephan. keiser@vontobeL.ch
Content
Page
Performance
Asset overview
Total assets
Detailed positions
14.836.432
1747/4301
I Page 1 of 6
Performance

91140.001
usn

2044435
Withholding tax
2044435
Adjusted assets
2044435
Current earnings
o
o
o
o
Net income credited


Changes in value
- 1815
Total return
- 1815
14.836.432
I
2042620
- 0.09"10
- 0.14%
I Performance
I Asset overview
I Appendix
I Page 2 of 6
Asset overview
TotaL assets
91140.001

oul assets by investment category and currency, valued in USD

USD
hart-term investments
Total
2 042 620 100.0"10
2 042 620
100.0%
2 042 620 100.0%
2042620
100.0"fo
lands
:quities
Uternative investments
iscellaneaus
oul in USD
otal in foreign currency
xchange rate
2 042 620
llocation by investment category
USD
Bonds
Equities
Miscellaneous
.14.836.432
000
i 749j450t
I Performance
I Asset overview
I Page 3 of 6
Detailed positions
rr.
Description
Quantity

91140.001
Maturity
Yield to
mat.
Risk curro
Cost price
Exchange rate
Valuation
Exchange rate
Market price
Exchange rate
"10 of net
assets
Market value USD

Accrued interest
in USD
:count investments
;Il
2 042 620.05 Current account USD (USD)

IBAN CH03 0875 7000012311745
USD
JR

IBAN CH57 0875 7000012311743
EUR
1.3462

IBAN CH 30 0875 7000 0123 11744
GBP
1.5728
2 042 620
ort-term investments
2 042 620
tal short-term investments
tal assets (excluding accrued interest)
2 042 620
100.00%
2 042 620
100.00"10
crued interest
tal assets
aOOl
100.00"10
crued interest
14.836.432
100.00"10
2 042 620
I Performance
I Ass et overview
Appendix
100.00%
I Page 4 of 6
Importantinfonnation

91140.001
Current earni ngs
Earnings from interest and dividends Less any withhoLding tax paid (credited net earnings), baLance of accrued interest on purchases and saLes and changes in accrued
interest.
Changes in vaLue
ReaLised and unreaLised gains arising from changes in vaLue. UnreaLised gains consist of changes in vaLue affecting existing positions at the time of vaLuation.
TotaL return
TotaL return equals the sum of current earnings pLus changes in vaLue.
Ending vaLue of assets
The assets shown in the performance overview can differ from the assets shown in the asset overview due to differences in the evaLuation method (reference date).
Performance
Performance measures the total income of the portfoLio relative to the portfoLio vaLue. Inflows and outflows (withdrawals and deposits) are considered using the money
and time-weighted calcuLation method. Performance relates to the reporting period.
Net performance
Performance after deduction of all transaction and administrative costs and net of non-reclaimabLe withholding taxes.
Time-weighted
The reporting period is divided into sub-periods. Performance is calculated for each sub-period and then combined for the entire reporting period. This neutralises
inflows and outflows (withdrawals and deposits) meaning they do not have any impact on performance.
Money-weighted
Performance is calculated by dividing the sum of current earnings and changes in vaLue by the average invested capitaL. Inflows and outflows (withdrawals and deposits)
impact the amount of invested capitaL and thus performance.

Account assets and Liabilities, accrued interest of short-term investments, foreign exchange transactions, money market investments, money market investment funds
Equities and equity-Like investments, equity investment funds and structured products with equity characteristics
Units in hedge funds, private equity investments, reaL estate investments and commodities
1.14.836.432
I
I Performance
Asset overview
Detailed positions
I Appendix
I Page 5 of 6
icellaneo us
i:

91140.001
Please note that your securities may be used for securities lending purposes in accordance with the Terms and Conditions for Securities Lending (Part Cof Bank Vontobel AG Basic Documents).
luations of the contents of the custody account are based on prices and rates from common sources of bank information. The valuations serve as a guidance only and are not binding to the bank. The bank
cepts no liability for the correctness of the valuation or for other information or calculations in connection with the assets entered into the account.
no valuation is indicated, this means that no current price could be determined or that the instrument carries no value. The prices displayed do not commit the bank to buy or sell at this price or rate.
e kindly ask you to check this statement of assets and, in the event of discrepancies, to object in writing within four weeks from the mailing date.
.836.432
I Performance
I Asset overview
I Appendix
I Page 6 of 6
From:
To:
CC:
Date:
Subject:
Attachment(s):
dleon@mossfon.com
eleon@mossfon.com
Gabriela Agrazalez- Mossfon Trust
Jan 20, 2012, 11:47 AM
RE: caso No. 1900042 /Family and Children Charitable Foundation/Chetan
Kapur
2
No lo puedes cerrar sin antes esperar que se apliquen los fondos a la

cotizacin para que factures.

Daniel Len
Tel. +507 206 9490 ext 262
www.mossfon.com

Cc: Gabriela Agrazalez - Mossfon Trust
Subject: FW: caso No. 1900042 /Family and Children Charitable Foundation/
Chetan Kapur
Gracias Daniel ,
Me confirmas para cerrar el caso .
Tks

Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271

www.mossfon.com

Sent: viernes, 20 de enero de 2012 11:31 a.m.
To: Emerith De Len - Mossfon Trust; Gabriela Agrazalez - Mossfon Trust
Subject: RE: caso No. 1900042 /Family and Children Charitable Foundation/
Chetan Kapur
Listo, yo me encargo del resto ya.

Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Gabriela Agrazalez - Mossfon Trust; Daniel Len - Mossfon Trust
Subject: FW: caso No. 1900042 /Family and Children Charitable Foundation/
Chetan Kapur
Buenos Das, Gaby:
Proced a emitir la cotizacin , en vista que al crear factura me indica

que no se puede porque no hemos recibido pago adelantado.
Daniel: favor indicarme como proceder.
Gracias

Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com
From: Gabriela Agrazalez - Mossfon Trust

Sent: viernes, 20 de enero de 2012 10:03 a.m.
To: Emerith De Len - Mossfon Trust
Subject: caso No. 1900042 /Family and Children Charitable Foundation/
Chetan Kapur
Hola Emerith,
Agradezco proceder a facturar la transferencia que procesamos en este caso

a travs de nuestra cuenta Escrow. Se debe facturar US$565.00.

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Chetan Kapur
Jan 20, 2012, 11:26 AM
RE: Loan --- (1965369/ET/dl)
3
Dear Mr. Kapur,


$75,000.00.
Kind regards,
Daniel Len

Tel. +507 206 9490 ext 262
www.mossfon.com

To: Chetan Kapur
Subject: RE: Loan
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
LOAN AGREEMENT

a)
FAMILY AND CHILDREN CHARITABLE FOUNDATION, a Panamanian

Interest Foundation registered at Microjacket 43467, Document 1855101,
hereinafter referred to as the Lender, represented by FOUNDATION
MEMBERSHIP INC.;
b)

the Debtor; and
c)

WHEREAS:
2. The Debtor is opening a gallery in New York and requires a loan in the amount
of SEVENTY TWO THOUSAND DOLLARS WITH 00/100 (US$72,000.00)
(hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:

Escrow Agent US$72,565.00. This sum is to be held by the Escrow Agent for

DOLLARS WITH 00/100 (US $72,000.00) to be transferred to the
Debtor to her bank account at:
As soon as the Escrow Agent receive confirmation from the Lender
to transfer the loan to the Debtor. The Lender will provide this
confirmation once the Lender verifies the Debtor has advanced in
the process to open the gallery and has incurred in expenses to
open the gallery.
4. For the services under this agreement, the Escrow Agent shall be
entitled to receive US$565.00, which will be deducted from the funds held
in escrow once delivery of the remaining payment as above mentioned.
its best judgment.
interest) to the Lender within a 4 year term, in monthly payments of
US$1,658.11 as from the month of February 2012 until February 2015, at
a 5% annual rate.
to its maturity date;
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
20th January, 2012

Messrs.
Dear Sirs,
The undersigned, CHETAN KAPUR, male, of legal age, being the Protector of FAMILY
AND CHILDREN CHARITABLE FOUNDATION (the Foundation), do hereby
authorize you, as the Foundation Council to take the following actions on behalf of the
Foundation:
a) Execute the Loan Agreement with Mrs. Bina Rai;
b) Instruct the authorized signatories of the bank account of the Foundation at
Bank Vontobel AG to arrange a wire transfer in the amount of US$72,565.00 as
per the following bank details:
BENEFICIARY
BANK:
Name:
Address:
HSBC BANK
PLC
Bristol Branch
Sort Code:
Swift:
400515
MIDLGB22
BENEFICIARY:
Name:
Address:
Account:
FOR FURTHER
CREDIT:
Name:
Account:

Company Limited
GB34MIDL40051567759884
MOSSFON ESCROW SRL
1008119
Yours sincerely,
..
CHETAN KAPUR
Protector
Messrs.
MOSSFON ESCROW SRL
Re: LOAN AGREEMENT BETWEEN FAMILY AND CHILDREN CHARITABLE
FOUNDATION and BINA RAI.

Dear Sirs,
The undersigned, CHETAN KAPUR, male, of legal age, being the Protector of
FAMILY AND CHILDREN CHARITABLE FOUNDATION (the Foundation), do
hereby authorize Mossfon Escrow SRL being the Escrow Agent of the referred
agreement, to proceed with the transfer of US$72,000.00 from the Escrow Agents
bank account to:
Bank:
SWIFT CODE:
ACCOUNT NO.
Beneficiary:
Reference:
Bank of America
NY, NY
BOFAUS3N
483030760283
Bina Rai
Loan Agreement between the Family and Children Charitable
Foundation and BINA RAI
Yours sincerely,
..
CHETAN KAPUR
Protector
From:
To:
CC:
Date:
Subject:
Attachment(s):

Chetan Kapur
dleon@mossfon.com
Jan 20, 2012, 4:29 AM
RE: Loan
1
Hi Chetan,

Panama next.

Daniel,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Loan

other fees ?
thanks
Vontobel Private Banking
91140.001
91140
Zurich, December 16, 2011/fae

Telephone: +41 58 283 50 84
peter.fanconi@vontobel.ch
Season's Greetings
Dear Client,
We would like to thank you sincerely for the trust and loyalty that you have placed in Bank
Vontobel and its staff during 2011. Independence, soundness and continuity are rare and
very precious assets in the banking business today. We are here for you - as a stable and
independent partner, today and in the future.
Consolidation in the financial industry has accelerated significantly. Established banks are
disappearing entirely or being integrated into large institutions. Because of the sometimes
erratic market reactions this year, we too faced extremely tough challenges in 2011.
However, we are dealing proactively with the consequences of the rapidly changing market
situation. We are taking consistent actions in accordance with prudential and regulatory
requirements, enabling us to represent the interests of our clients profoundly and sustainably.
In 2011, we undertook a wide range of activities throughout our organisation. Contrary to
the prevailing market trend, we opened offices in Frankfurt and Dubai. In the summer,
following meticulous and extensive preparation and development, we introduced our new
investment advisory mandates. At the focal point of "Advisory@Vontobel" are your individual investment requirements. Accordingly, we have created an innovative advisory
approach, with the aim of creating significant value for our clients by pinpointing the
integrated know-how within our bank on their needs.
In the autumn, we were proud and delighted to receive the accolade as the "Best Private
Banking Boutique" from the Financial Times. In addition, the advisory expertise embodied
within our Advisory@Vontobel approach was awarded the title "Best Wealth Management
Advisory in Switzerland 2011."
Bank Vontobel AG
2.75. 318
Gotthardstrasse 43
CH-8022 Zurich
Telephone +41 58 283 71 11

Fax +415828376 50
Page 2/2. December 16. 2011
We are convinced that the current political and sociaL situation is changing our investment
behaviour and tolerance for risk. Investment structures and opportunities must therefore be
carefulLy reconsidered. Together with our specialists from Asset Management and the
Investment Bank. we are doing everything we can to identify globaL shifts and their impact
in a timeLy way. so that we can take advantage of opportunities that can generate a soLid
return. Promising adjustments in the asset management mandates have already been impLemented, and we will be developing further measures and ideas over the coming weeks and
months. These will be communicated to you under the rubric "Global Change."
There is no question that the times we are living in are very challenging indeed. Notwithstanding this situation. Bank Vontobel rests on a stable foundation. We are weLL prepared to
continue to face the challenges 2012 will bring, and we are confident we will master them.
In this spirit. we Look forward to carrying on our pleasant and successful working relationship with you.
On behalf of the Vontobel Group, we wish you a joyous holiday season with your family and
friends.
Kind regards.
Bank Vontobel AG
Peter Fanconi
Stephan Keiser
Member of the Group Executive Management

Head of Private Banking Vontobel Group
Member of the Private Banking Executive Management

Head of Private Banking International
Bank Vontobel AG
2.75.318
Gotthardstrasse 43
CH-8022 Zurich
Telephone +41 58 283 71 11

Fax +41 58 283 76 50
Bank Vontobel AG
Telephone +41 58 283 71 11
www.vontobel.com
Clearing: 8757, BIC: VONTCHZZXXX, VAT 335 398
Client advisor
Stephan Keiser
Telephone +41 58283 71 38
Mandate
Name
91140
Mandate
91140.001
December 28, 2011

Delivered by
1'189.1332
UNITS HIMELSEIN MANDEL LSERIES 1

Security 10043196, ISIN XD0100431960
rade da e
Value Date
ep ember 19, 201

December 19, 2011
1.15.270.884
Page 1 of 1
Bank VontobeL AG
Gotthardstrasse 43, CH-8022 lurich
TeLephone +41 58 283 71 11
www.vontobeL.com
CLearing: 8757, BIC: VONTCHllXXX, VAT 335 398
Client advisor
Stephan Keiser
TeLephone +41 58 283 71 38
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 1174 5
Debit advice
December 16, 2011
On December 16, 2011 we debited your account with

Fee period
01.10.11 to 31.12.11
Service and handLing fee

Account/custody account maintenance fee
USD
USD
-374.61
-1'473.10
Net
USD
-1'847.71
USD
1'847.71
To
debit
1.15,132,938
VaLue December 31, 2011
Page 1 of 1
From:
To:
CC:
Date:
Subject:
Attachment(s):

Edison Teano - Mossfon Trust, eleon@mossfon.com
Dec 30, 2011, 4:23 PM
Online Banking
3
Dear Chetan,
Regardig Mr.Teano email below, please find enclosed the documents duly
signed.
We remain at your entire disposal.
Kind Regards,
Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com

Sent: viernes, 30 de diciembre de 2011 03:36 p.m.
Cc: Emerith De Len - Mossfon Trust
Subject: FW: Online Banking
Hi Chetan,
How are you.
Happy New Year to you too!!! I am glad you received the gift.
We are taking the necessary actions to sign the document.

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
-----Original Message----From: Chetan Kapur [mailto:chetan.kapur@aimadvgrp.com]
Sent: viernes, 30 de diciembre de 2011 05:58 a.m.
Subject: Online Banking
Hi Edison - Happy Holidays! And thank you for the coffee gift from
Jurgen's coffee farm.
If you could please have the appropriate person sign the first form and
send it to me- This is needed to get Online Banking access at Bank
Vontobel. Thank you.
Terms and Conditions for the Use of Electronic

Services
Page 1/6
253e0408
General provisions
1. Definitions
Bank is Bank Vontobel AG, Zurich.
Clients are the clients of the Bank.
Users are clients and their authorised agents who use the electronic services made available by the Bank via
electronic access and who are authorised to do so by the Bank.
Electronic services ("Services") are services, processes and systems offered by the Bank that allow
electronically stored data records and/or transactions (such as stock exchange and payment orders) to be
accessed, queried and altered. The User acknowledges that certain Services can be subject to legal and/or
country-specific restrictions and that it is at the sole discretion of the Bank whether or not to offer
Services to Users, to change these Services or to suspend them completely or in part.
Electronic Access ("Access") is access to the Services concerned by means of or with the help of
information and communication technologies via electronic media such as the internet, intranet or
telecommunications using one's own or another party's network, software and hardware.
2. Scope of application
These Terms and Conditions for the Use of Electronic Services apply to all current and future Services of the
Bank that are offered to the User and that utilise electronic media.
Additional conditions may apply to individual Services, and these shall be communicated to the User in writing,
on the Bank's internet sites, or by other appropriate means. All other conditions that govern the relationship
between the Bank and its Clients, or the Services it offers, such as the General Terms and Conditions and the
Safe Custody Regulations also apply.
Bank Vontobel AG
3. User systems and interfaces

The Bank gives the User specifications for the hardware and software required to access and use the Services, as
well as for the interfaces between the software used and the Client's own applications (this includes
information about the necessary User software, terminal, etc.). It is the User's responsibility to acquire and
obtain these at his own cost.
Access to the Services is via a network operator (provider or web server operator) of the User's choice.
If the Bank makes certain Services or software available, any defects must be reported within a week of receipt,
otherwise they are deemed to have been accepted by the User. Changes to software and its documentation are
made entirely at the Bank's discretion. All such changes must be implemented by the User if he wishes to
continue using the Services.
4. Authentication
Any User who has authorised himself by using the applicable "means of authentication" (such as a SecurID,
password, etc.) gains access to the Services. For Electronic Access, Users are identified and authenticated by
the Bank system exclusively by means of "authorisation data" in accordance with usual industry security
standards (self-authentication). The Bank provides the User with the required means of authentication, which
are tailored to the Services offered by the Bank.
Once authorisation has been established, anyone who has correctly authenticated himself gains Access to
the agreed Services, data and business relationships. The User unconditionally acknowledges that all
consequences of the use of his authorisation data by himself or by a third party based on an error-free
authentication process by the system shall qualify as having been executed and authorised by the User,
shall be attributed to the Client concerned, and shall be legally binding on this Client at all times, even if
the usage is improper, unless the Bank is grossly at fault.
Bank Vontobel AG, Gotthardstrasse 43, CH-8022 Zrich

Telephone +41 (0)58 283 71 11, Telefax +41 (0)58 283 76 50
Terms and Conditions for the Use of Electronic Services
Page 2/6
253e0408
The means of authentication shall be sent to the User by the Bank to the correspondence address provided.
5. Order processing
The Bank is commissioned to carry out the orders that the User issues by means of Electronic Access, and to
comply with his instructions and communications.
In connection with the use of Services, the Bank cannot offer any guarantee that it will receive orders
immediately and/or process orders at any given time. Orders will be processed in the course of the Bank's
usual working procedures. In addition, the Bank's opening times as well as the trading days and trading times
of the stock markets concerned etc. must be considered. The Bank shall accept no liability in addition to the
cases listed in section 8 if stock market orders issued or transmitted by electronic means are not (or cannot be)
executed within the relevant deadline. For orders that are time-critical or tied to deadlines, Users should
only correspond in writing or make personal contact with the Bank.
If after issuing or transmitting an order or instruction the User determines that the Bank has not carried
it out as specified, or has only done so in part, the User must lodge a complaint with the Bank
immediately. If the User is sent a confirmation of the order or transactions, he must examine this
immediately on receipt and inform the Bank of any discrepancies. If the User has not received a
transaction confirmation, he must inform the Bank of this immediately after the order has been issued.
Otherwise the issuing and execution of orders and instructions is in all cases governed by the Bank's General
Terms and Conditions and Safe Custody Regulations and by any other conditions and agreements required by
the Bank for specific types of business between Bank and Client.
Bank Vontobel AG
6. User's duty of care

The User must protect the means of authentication and the authorisation data from unauthorised access and
keep them secret. Passwords must be changed as soon as they are received and then changed periodically
thereafter. Under no circumstances may these be disclosed to or passed on to other persons. In particular, the
User acknowledges that the Bank will never ask him by e-mail to reveal authentication details or authorisation
data in relation to Electronic Services. If the User does receive such e-mails and nevertheless reveals his
means of authentication or authorisation data, he is obliged immediately to change these and contact the
Bank. Different means of authentication should be kept safely in separate places. The User bears all risks
arising from the use of his means of authentication and/or disclosure of his authorisation data.
The User is responsible for all data that he enters and must check this data for completeness and accuracy. The
User must also ensure that his terminal is fitted with technologically up-to-date security features (e.g. virus
protection, personal firewall, adequate data security, file transfers etc.) in order to minimise security risks.
When accessing Services, the User must check that the right internet address has been used for the Bank and
that a security symbol is present indicating that the data transfers are encrypted.
In the event of any irregularity, Access is to be terminated and the Bank is to be immediately notified of the
incident. Likewise, if the User has any reason to suspect that another person has gained access to the means of
authentication or knowledge of the authorisation data, the Bank is to be immediately notified accordingly; in
such case the User must immediately change the authorisation data or block or arrange for the blocking of
Access. The Client must also immediately block Access for any persons he has authorised or cancel the means of
authentication if this person no longer works for him or is no longer authorised by him.

Page 3/6
253e0408
7. Bar on Access and suspension of Services

If security risks arise (hack attacks, viruses etc.), the Bank reserves the right to suspend its systems at any time
without compensation and without having to inform the User. Suspensions of Services may also be necessary for
technical reasons (incl. system maintenance).
The Bank is authorised at any time to revoke the User's means of authentication and/or authorisation data and
to block Access by the User to any or all Services without explanation, without prior notification and without
compensation, if it determines that sufficient grounds for such measures exist.
The User can arrange during usual business hours to have his Access interrupted or blocked by the Bank. The
User must make a written request to have the block or suspension lifted.
8. Guarantees and liability
With regard to Accessing and use of Services, the Bank offers no guarantee (i) for unlimited Access to or
unlimited use of the Services, or that such Access and use is always possible without problem or disruption from
all terminals and with all programs used by the User (ii) for the accuracy and completeness of accessed or
transmitted data, notifications and information, or that such data, notifications and information will reach the
User or the Bank in full, in part or at all (iii) for disruption-free operation at all times (possibility of
transmission errors, technical problems, interruptions) (iv) for unlawful interventions or faults on the part of
the telecommunications equipment or network operators, or within the Bank's IT systems, or (v) that the
software that it may provide can be used without interruption or error in all the combinations of data, IT
systems and other programs that the User may want.
The Bank accepts no liability for loss or damage caused by orders or instructions that fail or are not carried out
in time, especially in connection with the use of Services or as a result of interruptions, overloads, blockages,
unlawful interventions, malicious blockage of telecommunications equipment or networks, and/or disruptions to
Electronic Access from own systems or to internal Bank processing, unless the Bank is grossly at fault.
Loss or damage resulting from the use of Electronic Access, in particular from loss, delay, garbled texts,
unlawful interception by third parties or duplication shall be borne by the Client provided that the Bank is not
grossly at fault.
The Bank cannot be held liable for the User's terminal, for network operators (e.g. internet service providers),
or for disruption-free functioning at all times of technical equipment and any software required, even if these
are made available by the Bank. This exclusion of liability also extends to all direct or indirect consequences
involving software that the Bank may supply or to which the Bank may provide access.
The Bank's liability for minor negligence (especially as concerns support personnel) is - to the extent
permitted by law - excluded. Neither does the Bank accept any liability for indirect or consequent loss or
damage, or for any loss or damage that might result for the Client or User from contractual obligations to
third parties.
Bank Vontobel AG
9. Bank-client confidentiality and data protection

Client and User accept that when using Electronic Access, data communications with the Bank are transmitted
over the internet or over proprietary and third-party public networks and equipment that are not specially
protected and that may cross national borders, even if both sender and recipient are in Switzerland. While
individual data packages are transmitted in encrypted form, the names of the sender and recipient, along with
other information, are not. It is therefore possible that a third party could read these details and potentially
conclude that a contractual relationship exists. Similarly, the User's terminal represents part of the system
beyond the Bank's control.
In addition, it is possible that the network operator may compile usage statistics on the User, making it
possible to identify when and with whom the User has been in contact.

Page 4/6
253e0408
The User is specifically advised that Swiss bank-client confidentiality and data protection only apply to data
located in Switzerland.
The User expressly agrees that the Bank may collect, process and use any data relating to him for
marketing purposes.
10. Information/communication
Information and communications from the Bank constitute neither a recommendation, offer nor invitation to
buy or sell investments, to carry out transactions or to conclude a legal transaction, unless this is expressly
stated.
In particular, information regarding accounts and custody accounts of all types (such as statements,
balances, transaction details) and generally available information (such as stock market prices, foreign
exchange rates, reporting) is to be regarded as provisional and non-binding unless express assurances to
the contrary are given. Communications sent to the correspondence address agreed with the Bank are
authoritative.
When using the Services, the User agrees that the Bank can contact him through the same channel, but is not
obliged to do so.
Messages and communications transmitted by e-mail, SMS and the like are not binding on the Bank. If the User
lets the Bank communicate with him through these channels, the communications will usually be unencrypted.
11. Outsourcing
The Bank reserves the right to have individual activities or areas of business, particularly in the field of
information technology (such as operation of databases or the systems required for the Services), provided
wholly or in part by other companies in the Vontobel Group or by third parties, or to outsource such activities
to them, and to transmit the data necessary for this to the relevant service provider.
The Bank is authorised for this purpose to allow Electronic Access to outsourcing partners via its own
and/or third-party networks, to the client data stored in its own IT systems and to provide Users with
access to such outsourcing partners.
12. Charges
The Bank can levy charges for the Services. The applicable charges are communicated to the User in writing, on
the Bank's internet pages or by other suitable means.
13. Duration of the agreement
The agreement is in force for an unlimited period. Either party can cancel the Electronic Services without notice
by writing to the other party. The Bank is also entitled to block Access without notice if the User has made no
use of the Services for a period of 12 months.
Bank Vontobel AG
14. Ownership/copyright
If the Bank provides the User with software or means of identity verification, the User has a limited, nonexclusive, non-transferrable and non-assignable right to use these in accordance with the Bank's conditions.
Ownership is retained by the Bank, and on cancellation of the agreement the User must return them to the
Bank. Accordingly, the User must not copy, reproduce, decode or modify the software or use it for any purpose
other than that relating to the Electronic Services. The User further undertakes to comply with any licence
provisions that may apply to the software.

Page 5/6
253e0408
All copyright and other intellectual property rights associated with the software, services and systems remain
the property of the Bank.
The User shall be liable for any loss or damage resulting from any infringement of licensing rights or
copyrights by the User or a third party for whom the User is responsible.
15. Import and export restrictions
The User acknowledges and agrees that by using the Electronic Services and accessing them outside
Switzerland, he may be in breach of rules and regulations under applicable local law, e.g. import and export
restrictions applying to encryption algorithms. The Bank hereby disclaims any and all liability that may
result from such a breach.
16. Changes/safeguarding clause
The Bank reserves the right to alter these Terms and Conditions, the Services and any charges for the use
of the Services or for Access at any time. Such changes shall be notified to the User in writing, on the Bank's
internet pages or by other suitable means. They shall be deemed to have been approved unless a written
objection is received within a month of notification. If the User uses the Services subsequent to such
notification, but before the one-month period has elapsed, such alterations shall be deemed to have been
accepted from the date on which the Services were used.
Should one or more provisions of this agreement be ineffective, incomplete or invalid, the validity of the
remainder of the agreement shall remain unaffected thereby. Any such provision shall be replaced by an
effective provision with the same meaning, purpose and economic objective as the original contractual
provision.
17. Legislation and regulations
This agreement shall also be deemed subject to any legislation and regulations that may apply to the Services
hereunder from the date on which such legislation or regulations come into force.
B
Special provisions governing Electronic Access to financial information and secure messaging
The following special conditions supplement the General Terms and Conditions and shall take precedence over
the latter in case of discrepancies. These conditions become valid on conclusion of a relevant written
agreement between the User and the Bank enabling access to asset information and secure messaging using
Electronic Access.
Bank Vontobel AG
2. Scope of Services
The User is entitled
to use electronic means to access and call up account and custody account data saved in the Bank's or thirdparty systems, as well as bank statements and documents stored in electronic form
to exchange encrypted messages with the Bank's client advisors
Authorisation with regard to the accounts/custody accounts involved is regulated separately between the Client
and the Bank.
The current scope of the Services and the applicable usage conditions shall be communicated to the User in
writing, on the Bank's internet pages or by other suitable means.

Page 6/6
253e0408
3. Legal commitment
The Bank gives no warranty as to the accuracy or completeness of any data it transmits. In particular, any
information concerning accounts and custody accounts (asset statements, transaction receipts etc.) and any
information in the public domain, such as stock market prices and foreign exchange rates, shall not be legally
binding. Legally binding communications from the Bank are sent exclusively to the correspondence address
given to the Bank.
These Services may not be used to produce legally binding account/custody account statements, to issue
orders (such as stock market orders etc.) or instructions, to conclude or terminate contracts, to revoke
orders or to conduct any other legal business.
C
Special provisions governing electronic securities trading
agreement between the User and the Bank enabling securities trading by means of Electronic Access.
The User is entitled to issue stock market orders and instructions to the Bank.
and the Bank.
The User acknowledges that with securities orders placed via Electronic Access, personal advising from the
Bank is not possible, and the Bank cannot check whether the order issued is consistent with any agreed
investment objectives.
The User is aware that these Services are not suitable for speculating on securities within a single day and
exploiting short-term price fluctuations ("day trading"), and also that the nature of the system means that it
will not always be possible for securities bought through these Services to be sold on the same day.
Despite granting Access to this Service, the Bank can at any time and without giving reasons refuse
transactions or refer the User to other channels of communication.
Bank Vontobel AG
3. Legal commitment
Orders and instructions issued by the User via Electronic Access, and the transactions booked in this connection
to his accounts/custody accounts are legally binding for the Client at all times. Similarly, all instructions,
orders and communications that reach the Bank through this channel are deemed to have been written and
authenticated by the User.
The Bank has the right but not the obligation to at any time reject instructions and orders issued via Electronic
Access and to insist that the User authenticates himself by other means and issues instructions and orders in
writing.

From:
To:
CC:
Date:
Subject:
Attachment(s):
eleon@mossfon.com
Dec 30, 2011, 3:33 PM
FW: Online Banking
2
Buenas tardes,
Favor abrirme caso como sigue
EDISON TEANO
Substitutes:
EMERITH DE LEON
Jurisdiction:
PMA
Client:
Type of Case:
Execution of documents
Company/Case Name:
Management:
Mossfon Managers
Gracias
Emerith De Len

Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com
-----Original Message----From: Edison Teano - Mossfon Trust

Sent: viernes, 30 de diciembre de 2011 03:21 p.m.
To: Emerith De Len - Mossfon Trust
Subject: FW: Online Banking
Emerith,
Gracias por proceder con la apertura del caso, firma de los documentos,
etc.
Saludos,
Edison Teano

Tel. +507 206-9490 thru 507 206-9499 ext 212 www.mossfon.com
-----Original Message----From: Chetan Kapur [mailto:chetan.kapur@aimadvgrp.com]

Sent: viernes, 30 de diciembre de 2011 05:58 a.m.
Subject: Online Banking
Hi Edison - Happy Holidays! And thank you for the coffee gift from
Jurgen's coffee farm.
If you could please have the appropriate person sign the first form and
send it to me- This is needed to get Online Banking access at Bank
Vontobel. Thank you.
Terms and Conditions for the Use of Electronic

Services
Page 1/6
253e0408
General provisions
1. Definitions
Bank is Bank Vontobel AG, Zurich.
Clients are the clients of the Bank.
Users are clients and their authorised agents who use the electronic services made available by the Bank via
electronic access and who are authorised to do so by the Bank.
Electronic services ("Services") are services, processes and systems offered by the Bank that allow
electronically stored data records and/or transactions (such as stock exchange and payment orders) to be
accessed, queried and altered. The User acknowledges that certain Services can be subject to legal and/or
country-specific restrictions and that it is at the sole discretion of the Bank whether or not to offer
Services to Users, to change these Services or to suspend them completely or in part.
Electronic Access ("Access") is access to the Services concerned by means of or with the help of
information and communication technologies via electronic media such as the internet, intranet or
telecommunications using one's own or another party's network, software and hardware.
These Terms and Conditions for the Use of Electronic Services apply to all current and future Services of the
Bank that are offered to the User and that utilise electronic media.
Additional conditions may apply to individual Services, and these shall be communicated to the User in writing,
on the Bank's internet sites, or by other appropriate means. All other conditions that govern the relationship
between the Bank and its Clients, or the Services it offers, such as the General Terms and Conditions and the
Safe Custody Regulations also apply.
Bank Vontobel AG
3. User systems and interfaces

The Bank gives the User specifications for the hardware and software required to access and use the Services, as
well as for the interfaces between the software used and the Client's own applications (this includes
information about the necessary User software, terminal, etc.). It is the User's responsibility to acquire and
obtain these at his own cost.
Access to the Services is via a network operator (provider or web server operator) of the User's choice.
If the Bank makes certain Services or software available, any defects must be reported within a week of receipt,
otherwise they are deemed to have been accepted by the User. Changes to software and its documentation are
made entirely at the Bank's discretion. All such changes must be implemented by the User if he wishes to
continue using the Services.
4. Authentication
Any User who has authorised himself by using the applicable "means of authentication" (such as a SecurID,
password, etc.) gains access to the Services. For Electronic Access, Users are identified and authenticated by
the Bank system exclusively by means of "authorisation data" in accordance with usual industry security
standards (self-authentication). The Bank provides the User with the required means of authentication, which
are tailored to the Services offered by the Bank.
Once authorisation has been established, anyone who has correctly authenticated himself gains Access to
the agreed Services, data and business relationships. The User unconditionally acknowledges that all
consequences of the use of his authorisation data by himself or by a third party based on an error-free
authentication process by the system shall qualify as having been executed and authorised by the User,
shall be attributed to the Client concerned, and shall be legally binding on this Client at all times, even if
the usage is improper, unless the Bank is grossly at fault.

Page 2/6
253e0408
The means of authentication shall be sent to the User by the Bank to the correspondence address provided.
5. Order processing
The Bank is commissioned to carry out the orders that the User issues by means of Electronic Access, and to
comply with his instructions and communications.
In connection with the use of Services, the Bank cannot offer any guarantee that it will receive orders
immediately and/or process orders at any given time. Orders will be processed in the course of the Bank's
usual working procedures. In addition, the Bank's opening times as well as the trading days and trading times
of the stock markets concerned etc. must be considered. The Bank shall accept no liability in addition to the
cases listed in section 8 if stock market orders issued or transmitted by electronic means are not (or cannot be)
executed within the relevant deadline. For orders that are time-critical or tied to deadlines, Users should
only correspond in writing or make personal contact with the Bank.
If after issuing or transmitting an order or instruction the User determines that the Bank has not carried
it out as specified, or has only done so in part, the User must lodge a complaint with the Bank
immediately. If the User is sent a confirmation of the order or transactions, he must examine this
immediately on receipt and inform the Bank of any discrepancies. If the User has not received a
transaction confirmation, he must inform the Bank of this immediately after the order has been issued.
Otherwise the issuing and execution of orders and instructions is in all cases governed by the Bank's General
Terms and Conditions and Safe Custody Regulations and by any other conditions and agreements required by
the Bank for specific types of business between Bank and Client.
Bank Vontobel AG
6. User's duty of care

The User must protect the means of authentication and the authorisation data from unauthorised access and
keep them secret. Passwords must be changed as soon as they are received and then changed periodically
thereafter. Under no circumstances may these be disclosed to or passed on to other persons. In particular, the
User acknowledges that the Bank will never ask him by e-mail to reveal authentication details or authorisation
data in relation to Electronic Services. If the User does receive such e-mails and nevertheless reveals his
means of authentication or authorisation data, he is obliged immediately to change these and contact the
Bank. Different means of authentication should be kept safely in separate places. The User bears all risks
arising from the use of his means of authentication and/or disclosure of his authorisation data.
The User is responsible for all data that he enters and must check this data for completeness and accuracy. The
User must also ensure that his terminal is fitted with technologically up-to-date security features (e.g. virus
protection, personal firewall, adequate data security, file transfers etc.) in order to minimise security risks.
When accessing Services, the User must check that the right internet address has been used for the Bank and
that a security symbol is present indicating that the data transfers are encrypted.
In the event of any irregularity, Access is to be terminated and the Bank is to be immediately notified of the
incident. Likewise, if the User has any reason to suspect that another person has gained access to the means of
authentication or knowledge of the authorisation data, the Bank is to be immediately notified accordingly; in
such case the User must immediately change the authorisation data or block or arrange for the blocking of
Access. The Client must also immediately block Access for any persons he has authorised or cancel the means of
authentication if this person no longer works for him or is no longer authorised by him.

Page 3/6
253e0408
7. Bar on Access and suspension of Services

If security risks arise (hack attacks, viruses etc.), the Bank reserves the right to suspend its systems at any time
without compensation and without having to inform the User. Suspensions of Services may also be necessary for
technical reasons (incl. system maintenance).
The Bank is authorised at any time to revoke the User's means of authentication and/or authorisation data and
to block Access by the User to any or all Services without explanation, without prior notification and without
compensation, if it determines that sufficient grounds for such measures exist.
The User can arrange during usual business hours to have his Access interrupted or blocked by the Bank. The
User must make a written request to have the block or suspension lifted.
8. Guarantees and liability
With regard to Accessing and use of Services, the Bank offers no guarantee (i) for unlimited Access to or
unlimited use of the Services, or that such Access and use is always possible without problem or disruption from
all terminals and with all programs used by the User (ii) for the accuracy and completeness of accessed or
transmitted data, notifications and information, or that such data, notifications and information will reach the
User or the Bank in full, in part or at all (iii) for disruption-free operation at all times (possibility of
transmission errors, technical problems, interruptions) (iv) for unlawful interventions or faults on the part of
the telecommunications equipment or network operators, or within the Bank's IT systems, or (v) that the
software that it may provide can be used without interruption or error in all the combinations of data, IT
systems and other programs that the User may want.
The Bank accepts no liability for loss or damage caused by orders or instructions that fail or are not carried out
in time, especially in connection with the use of Services or as a result of interruptions, overloads, blockages,
unlawful interventions, malicious blockage of telecommunications equipment or networks, and/or disruptions to
Electronic Access from own systems or to internal Bank processing, unless the Bank is grossly at fault.
Loss or damage resulting from the use of Electronic Access, in particular from loss, delay, garbled texts,
unlawful interception by third parties or duplication shall be borne by the Client provided that the Bank is not
grossly at fault.
The Bank cannot be held liable for the User's terminal, for network operators (e.g. internet service providers),
or for disruption-free functioning at all times of technical equipment and any software required, even if these
are made available by the Bank. This exclusion of liability also extends to all direct or indirect consequences
involving software that the Bank may supply or to which the Bank may provide access.
The Bank's liability for minor negligence (especially as concerns support personnel) is - to the extent
permitted by law - excluded. Neither does the Bank accept any liability for indirect or consequent loss or
damage, or for any loss or damage that might result for the Client or User from contractual obligations to
third parties.
Bank Vontobel AG
9. Bank-client confidentiality and data protection

Client and User accept that when using Electronic Access, data communications with the Bank are transmitted
over the internet or over proprietary and third-party public networks and equipment that are not specially
protected and that may cross national borders, even if both sender and recipient are in Switzerland. While
individual data packages are transmitted in encrypted form, the names of the sender and recipient, along with
other information, are not. It is therefore possible that a third party could read these details and potentially
conclude that a contractual relationship exists. Similarly, the User's terminal represents part of the system
beyond the Bank's control.
In addition, it is possible that the network operator may compile usage statistics on the User, making it
possible to identify when and with whom the User has been in contact.

Page 4/6
253e0408
The User is specifically advised that Swiss bank-client confidentiality and data protection only apply to data
located in Switzerland.
The User expressly agrees that the Bank may collect, process and use any data relating to him for
marketing purposes.
10. Information/communication
Information and communications from the Bank constitute neither a recommendation, offer nor invitation to
buy or sell investments, to carry out transactions or to conclude a legal transaction, unless this is expressly
stated.
In particular, information regarding accounts and custody accounts of all types (such as statements,
balances, transaction details) and generally available information (such as stock market prices, foreign
exchange rates, reporting) is to be regarded as provisional and non-binding unless express assurances to
the contrary are given. Communications sent to the correspondence address agreed with the Bank are
authoritative.
When using the Services, the User agrees that the Bank can contact him through the same channel, but is not
obliged to do so.
Messages and communications transmitted by e-mail, SMS and the like are not binding on the Bank. If the User
lets the Bank communicate with him through these channels, the communications will usually be unencrypted.
11. Outsourcing
The Bank reserves the right to have individual activities or areas of business, particularly in the field of
information technology (such as operation of databases or the systems required for the Services), provided
wholly or in part by other companies in the Vontobel Group or by third parties, or to outsource such activities
to them, and to transmit the data necessary for this to the relevant service provider.
The Bank is authorised for this purpose to allow Electronic Access to outsourcing partners via its own
and/or third-party networks, to the client data stored in its own IT systems and to provide Users with
access to such outsourcing partners.
12. Charges
The Bank can levy charges for the Services. The applicable charges are communicated to the User in writing, on
the Bank's internet pages or by other suitable means.
13. Duration of the agreement
The agreement is in force for an unlimited period. Either party can cancel the Electronic Services without notice
by writing to the other party. The Bank is also entitled to block Access without notice if the User has made no
use of the Services for a period of 12 months.
Bank Vontobel AG
14. Ownership/copyright
If the Bank provides the User with software or means of identity verification, the User has a limited, nonexclusive, non-transferrable and non-assignable right to use these in accordance with the Bank's conditions.
Ownership is retained by the Bank, and on cancellation of the agreement the User must return them to the
Bank. Accordingly, the User must not copy, reproduce, decode or modify the software or use it for any purpose
other than that relating to the Electronic Services. The User further undertakes to comply with any licence
provisions that may apply to the software.

Page 5/6
253e0408
All copyright and other intellectual property rights associated with the software, services and systems remain
the property of the Bank.
The User shall be liable for any loss or damage resulting from any infringement of licensing rights or
copyrights by the User or a third party for whom the User is responsible.
15. Import and export restrictions
The User acknowledges and agrees that by using the Electronic Services and accessing them outside
Switzerland, he may be in breach of rules and regulations under applicable local law, e.g. import and export
restrictions applying to encryption algorithms. The Bank hereby disclaims any and all liability that may
result from such a breach.
16. Changes/safeguarding clause
The Bank reserves the right to alter these Terms and Conditions, the Services and any charges for the use
of the Services or for Access at any time. Such changes shall be notified to the User in writing, on the Bank's
internet pages or by other suitable means. They shall be deemed to have been approved unless a written
objection is received within a month of notification. If the User uses the Services subsequent to such
notification, but before the one-month period has elapsed, such alterations shall be deemed to have been
accepted from the date on which the Services were used.
Should one or more provisions of this agreement be ineffective, incomplete or invalid, the validity of the
remainder of the agreement shall remain unaffected thereby. Any such provision shall be replaced by an
effective provision with the same meaning, purpose and economic objective as the original contractual
provision.
17. Legislation and regulations
This agreement shall also be deemed subject to any legislation and regulations that may apply to the Services
hereunder from the date on which such legislation or regulations come into force.
B
Special provisions governing Electronic Access to financial information and secure messaging
agreement between the User and the Bank enabling access to asset information and secure messaging using
Electronic Access.
Bank Vontobel AG
The User is entitled
to use electronic means to access and call up account and custody account data saved in the Bank's or thirdparty systems, as well as bank statements and documents stored in electronic form
to exchange encrypted messages with the Bank's client advisors
and the Bank.

Page 6/6
253e0408
3. Legal commitment
The Bank gives no warranty as to the accuracy or completeness of any data it transmits. In particular, any
information concerning accounts and custody accounts (asset statements, transaction receipts etc.) and any
information in the public domain, such as stock market prices and foreign exchange rates, shall not be legally
binding. Legally binding communications from the Bank are sent exclusively to the correspondence address
given to the Bank.
These Services may not be used to produce legally binding account/custody account statements, to issue
orders (such as stock market orders etc.) or instructions, to conclude or terminate contracts, to revoke
orders or to conduct any other legal business.
C
Special provisions governing electronic securities trading
agreement between the User and the Bank enabling securities trading by means of Electronic Access.
The User is entitled to issue stock market orders and instructions to the Bank.
and the Bank.
The User acknowledges that with securities orders placed via Electronic Access, personal advising from the
Bank is not possible, and the Bank cannot check whether the order issued is consistent with any agreed
investment objectives.
The User is aware that these Services are not suitable for speculating on securities within a single day and
exploiting short-term price fluctuations ("day trading"), and also that the nature of the system means that it
will not always be possible for securities bought through these Services to be sold on the same day.
Despite granting Access to this Service, the Bank can at any time and without giving reasons refuse
transactions or refer the User to other channels of communication.
Bank Vontobel AG
3. Legal commitment
Orders and instructions issued by the User via Electronic Access, and the transactions booked in this connection
to his accounts/custody accounts are legally binding for the Client at all times. Similarly, all instructions,
orders and communications that reach the Bank through this channel are deemed to have been written and
authenticated by the User.
The Bank has the right but not the obligation to at any time reject instructions and orders issued via Electronic
Access and to insist that the User authenticates himself by other means and issues instructions and orders in
writing.

Agreement and authorisation

for use of electronic services
Page 1/2
24.11.2011 11:20
252e0408
New agreement
replaces existing contract of
supplements existing contract of
Client and principal (together "client")1)

Surname, first name or company
Street and number
P.O. Box 0832-0886 WTC
Nationality/ Place of registered office
Postal code, town, country

Panama, PA
Date of birth/date of foundation
PA
Home telephone no.
Business telephone no.
Mobile
+507 206 9490

E-Mail
mftrust@mossfon.com
User and agent (together "user")1)

Surname, first name or company
Kapur Chetan
Street and number
6C, Bhagwat Niwas
Postal code, town, country
Nationality/Place of registered office
400026, Mumbai, IN
Date of birth/Date of foundation
IN
Home telephone no.
Nov 12, 1974

Business telephone no.
+1 212 74 89570
Mobile
E-Mail
1)
Where the masculine form is used, this shall also be understood to include female clients, as well as multiple clients.
The user is mandated by the client and wishes to use electronic services for the client's accounts/custody
accounts and services at Bank Vontobel AG ("bank") as indicated below. The client hereby authorises the user,
in addition to the powers arising from and within the scope of the power(s) of attorney granted to the user, to
use the following services for the accounts/custody accounts indicated below:
Bank Vontobel AG
For all existing and future accounts/custody accounts (incl. sub-accounts) belonging to the client
The user hereby applies to the bank and is authorised by the client to use electronic services for electronically
calling up financial information and for secure messaging in connection with the client's existing and future
accounts/custody accounts (incl. sub-accounts) at the bank.
For the client's accounts/custody accounts (incl. sub-accounts) listed below:

Agreement and authorization for the use of electronic services
Page 2/2
24.11.2011 11:20
252e0408
The user hereby applies to the bank and is authorised by the client to use electronic services for calling up
financial information and for secure messaging in connection with the accounts/custody accounts (incl. subaccounts) at the bank that are listed below.
Account/custody account designation(s):
This authorisation can be revoked in writing. The client and user acknowledge that electronic services can
only be used for the above-mentioned accounts/custody accounts in conjunction with an additional power of
attorney (such as power of management or disposal). Should such powers of attorney be revoked, this
authorisation shall simultaneously terminate. Should the client only revoke this authorisation, the other powers
of attorney granted to the user shall remain in effect. It is also explicitly agreed that this authorisation shall
remain in force in the event the client should die, be declared missing or bankrupt, or lose his capacity to act.
Client and user acknowledge that verification of identity when electronically accessing the bank's services is
carried out exclusively by the bank system by checking electronic authorisation data (self-verification). The
client is also aware of the risks associated with the use of electronic services, and especially that the user can
access data electronically at any time, also from abroad.
The Terms and Conditions for the Use of Electronic Services, together with particular provisions for the
individual electronic services, the General Terms and Conditions and the Safe Custody Regulations also form
an integral part of this agreement. Client and user confirm that they have received a copy of these
documents and acknowledge their content as binding.
This agreement is governed exclusively by Swiss law. The place of performance and the exclusive place of
jurisdiction for all legal proceedings and disputes shall be Zurich. The bank reserves the right, however, to
take legal action against the client or user before the authority of his respective domicile or before any other
competent court, in which case Swiss law shall remain exclusively applicable.
Bank Vontobel AG
This agreement shall be construed as having been accepted by the bank when the bank grants electronic
access to the accounts/custody accounts and/or services indicated above.
Place/Date
Place/Date
Client's signature
User's signature

From:
To:
Date:
Subject:
Attachment(s):

Sep 26, 2012, 11:23 AM
transfer
3
Dear Chetan,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Dear Edison,
Thanking you,
=

P,O, Box 0832 -0886 WTC
Panama
PANAMA
Statement of assets as of October 31, 2011
Client information
Name
91140
Mandate
91140.001

Reference curren cy
USD
Servi ce type
Accou nt/cus tody account
Client advisor
Name
Stephan Keiser
Tele ph one
Fax
+41582837138
E-Mail
step han .ke;ser@vontobel.ch
Bank Vontobel AG
Gotthardstrasse 43
CH-8022 ZUrich
Tele phone +41 58283 71 11
Fax +41 58 283 76 50
WJ
www.vontobel.com
+41582837630
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Performance
91140.001

created on November 01,2011
uso
Performance from 15.03.2011 until 31.10 .2011

Net inflows (Cash deposits/wi thdrawals and securities deliveries)
2044435
Withholding tax
2 044 435
Total Net inflows, adj usted
Adjusted assets
2044435
Current earnings
o
o
o
o
Net income credited

Changes in vaLue
- 1 815
Total return
- 1815
Ending value of assets as of 31 .10.2011
. ';.1ao ('00
2 042 620
- 0.09%
- 0.15%
I Performance
I M,et
1 Detailed DOiiriomi
I AtJ/lt'rHll (
I Page
2 of 6
Asset overview
Tota l assets
91140.001
created on NovembeJ 01, 2011
Total assets by investment category and currency, valued 1n USD

USD
Total
2042620 100.0%
2 042 620
100.0%
2 042 620 100.0%
2 042 620
100.0%
Bonds
Equities
Altern ative investments

Miscellaneous
Total in USD
Tota l in foreign currency
2 042 620
Exchange rate
Short-term Investm ents
USD
Bonds
Eq Lciies
Inves tments
Mlsct'llineous
! : ..
'80.%0
".
I Pt',formiln,e
I Asset overview
pO!lil ion s
I Page 3 of 6
Detailed positions
Curr.
crea ted on November 01. 2011
Maturity
Yield to
Descrip ti on
Qu a ntity
State ment of assets as of October 31. 2011
91140.001
Risk curro
Cost price
Exchange rate
Valuation
Exchange rate
Market price
Excha nge ra te
mat.
Market value USD % of net

assets
Accrued interest
in USD
Account investm ents

- -2 042 520 .0, Current accoun t USD (U SD )
USD
IBA N CH03 087,70000 1231 174,
USD
EUR
EUR
1.3948
GBP
1. 5141
0 .00 Current account Euro (EU R)
2 042 520
100 .00%
I BA N CH,7 087 , 70000123 11 743

GB P
0.00 Cu rrent account Pou nd Sterli ng (GBP)

IBAN CH30 087 , 70000 1231 1744
2 042 520
Short-term investm ents
Accrued interest
2 042 620
o
2 04 2 620
Total assets
I P!lfrJlmaf1!l!
100.00%
2042 620
Tota l assets (excluding accrued interest)

Accru ed interest
1.1';' -IlJ,Qlit:lO
100. 00%
I Asset
I Appendi,
100.00'.1.
I Page
4 of 5
Statement of assets as of October 31,2011

created on November aI, 2011
91140.001
Performance anaLysis
Current earnings
Earnings from interest and divide nds less any withholding tax paid (credited net earnings). balance of accrued interest on purchases and sates and changes in accrued
i nteTest.
Changes in value
Realised and unrealised gains arising fro m changes in value. Unrealised gains consist of changes in va lue affecting existing positions at the time of valuation.
Total retu rn
Total return equals the sum of current earnings pLu s changes in value.
Endin g value of assets
The assets shown in th e peiformance overview can differ from the assets shown in the asset overview due to differences in the eva Luation method (reference date) .
Periormance
Performance measures the total income of the portfolio reLative to the portfolio va lue. Inflows and outflows (withdrawa15 and depo sits) are considered using the money
and time-weighted calculation method. Pe rformance relates to the reporting period.
Net performance
Performa nce after dedu ctio n of all transaction and administrative costs and net of non-reclaimable withholding taxes.
Ti me-weighted
The reporting period is divide d into sub-periods. Performance is calculated for each su b-period and then combin ed for the entire reporting period . This neutralises
inflows and outflows (withdrawa ls and deposits) mean ing they do not have an y impact on performance.
Mon ey-weighted
Performance is calculated by dividing the sum of current earnings and changes in value' by the average invested capital. Inflows and outflows (withdrawals and deposits)
im pact the amount of inves ted capital and thus perfonnance.
Account assets and liabilities, accru ed interest of short-term investments, foreign exchange transactions, mo ney market investm ents, money market investment funds
Bonds and bond -like investme nts
Bonds and simllar investments, accrued interest of bonds and bond-like investme nts , bond investme nt funds and structured products with bond characteristics
Equities and equity-like investments, equity investment fun ds and structured products with equ ity characteristics
Alternative investmen ts
Units in hedge funds, private equity investments, rea Lestate investments and commodities
I 14 lJO .OIN
I Perfolmanr e
I Asset
JJ(]sit ioni
I Appendix
I Page 5 of 6
Statement of assets as of October 31 , 2011
91140.001
created on November 01, 2011
Misce lLaneous
NB: Ple ase note that your securities may be used for securities lending pu rposes in acco rdance with the Term s and Conditions for Securities lending (Part C of Bank Vontobel AG Basic Documents).
Valuations of the contents of the custody account are based on prices and rates from common sources of bank informabon. The va luations se rve as a guidance only and are not bin ding to the bank. The bank
accepts no liability for the correctnes s of th e va luation or for other information or calculations in connectio n with the assets entered into the account.
If no va luation is indicated, this means that no current price couLd be determined or that the instrument carries no vaLue. The price s dispLayed do not commit th e bank to buy or sell at this price or rate.
We kindly ask you to check this statement of assets and , In the eve nt of discrepancies. to Object in writing within four we eks from the mailing date.
1 1.;.,l"J,Q(.Q
I Petlorm,nee
I ASS(.'l o,"ervlew
! DNaHt:u
Iws,nons
I Appendix
I Page 5 of 5

P.O . Box 0832-0886 WTC
Panama
PANAMA
Sank Vontobel AG
Gotthardstrasse 43 , CH -8022 ZUrich
www.vontobel.com
Clearing: 8757,
src: VONTCHllXXX, VAT 335
398
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38
Current account
Name
usn
Mandate
Account number
[BAN
(USD)
91140
91140.001
91J1.0.001.001
CH03 0875 7000 012 3 11 74 5
Account statement
September 30, 2011
01.09.2011 until 30.09 . 2011

Debit
Overview
Account balance
Credit
2 044 435 .00
Opening balance
Total credits
Total debits
Closing balance
Date
--'-'--'--- - - -
1 814.95
2 042 620.05
Information
31.08.201 1
Opening balilnce
0'-==----11
- p"'e:':ri;:'d
o"'i:"-c"'"'
re.=,'=9:.::-,
11 4::0-:.0::0.,.
1- - - - -23.09.27
- -- 30.09.2011

Total turnover
Closing bal.nce
Debit
_ __ _ _ _
1814.9 5
Credit
Value date
Account balance
30.09.2011
2 044 435.00
2 042 620.05
1 814 .95
2042620.05
We kindly ask you to check this account statement and , in the event of discrepancies, to send any objections in writing within four weeks
. 1
Page 1 of 1

P.O. Box 0832-0886 WTC
Panama
PANAMA
Bank Vontobel AG
Telephone +1.158283 7111
www.vontobel.com
Client advisor
Stephan Keiser
Telephone +41 58 283 71 38
(urrent .ccount USD (USD)
Name
91140
Mandate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 1000 0123 1174 5
Debit advice
September 23, 2011
On September 23, 2011 we debited your account with

Fee period
01.01.11 to 30.09.11
Account/ custody account maintenance fee
usa
usa
-390.63
-1'424.32
Net
USD
-1'814.95
USD
1'814,95
Service and handling Fee
To your debit
1 1'
Value September 30, 2011
-------------------
Page 1 of 1
LOAN AGREEMENT
Loan Amount: US$15,OOO
Maturity date: August 2021
This is a Loan Agreement made on 12'" August, 2011 between:

a)

Panamanian Public Registry, hereinafter referred to as "the Lender",
b)
BtNA RAI. with passport number 308100381, hereinafter referred to as

"the Debtor"; and
c)

hereinafter "The Escr_ Agent", represented by EDISON E. TEANO
and EGBERT WETHER BORNE (the "Ellcr_ Agent").
WHEREAS:
2. The Debtor is opening an art advisory firm 1gallery in New York and requires a
loan in the amount of SEVENTY FIVE THOUSAND DOLLARS WITH 00/100
(US$15,000) (hereinafter "the Loan") in order to be used as working capital.
IT WAS AGREED THAT:

1. The lender shall grant the Loan as required by the Debtor,
2, With the signature of the agreement by the Lender, he has deposited with the
Escrow Agent US$75.565. This sum is to be held by the Escrow Agent for

a. One only payment in the amount of SEVENTY FIVE THOUSAND
DOLLARS WITH 00/100 (US $75,000,00) to be transferred to Bina
its best judgment.
interest) to the Lender within a 10 year term, as from the month of August
2011 until August 2021, at a 5% annual rate. Principal and accrued
parties' express agreement.
8. The Debtor shall have the prerogaUve to payoff the loan at any time, prior to
Its maturity date;
and payable if the Debtor defaults in the payment of three consecutiye
inslellments Or fails to fulfill any of the obligations contracted under this
12. In the eyent that the Lender fails to collect one or seyeral payments or
construed as a debt remission or waiyer of these rights or its guarantees. Partial
of
the
Agreement.
default
will
not
cause
the
annulment
13. The contracting part'es agree to abide by the full terms and conditions of the
clauses of this Agreement, and in witness wihereof, they have freely and
submitted for conciliation andlor arbitration at the Conciliation and Arbitration
Center of the Chamber of Commerce, Industry and
of Panama,
originals.
By: The Lender
tN01im.OREN
By: The Debtor
BINA RAI
/h""kl
tu'
The ESCROW AGENT

MOSSFON ESCROW SRL

P.O. Box 0832-0886 WTC
Panama
PANAMA
Bank VontobeL AG
Gotthard strasse 43, CH 8022 lurich
TeLephone +41 58 283 71 11
www.vo ntobel.com
ctearing: 8757, BIC: VONTCHZIXXX, VAT 335 398
Client advisor
Stephan Keiser
TeLephone +41 58 283 71 38
(urrent account UsD (US D)
Name
91140
Mandate
Account number
91140.001
IBAN
CH03 0875 7000 012311745
91140.001.001
Account statement
01.08.2011 untiL 31.08.2011
Overview
Opening balance
Total credits
August 31 , 2011
Debit
(redit
Account baLance
2 120 000.00
TotaL debits
75 565.00
Closing balance
2044435.00
Date
Information
31. 07,20 1l
Opening balance
Transfer The Winterbotham Trust Company
Ltd., Nassau
18.08.2011
- -- - 31.08.2011
Debit
Credit
VaLue date
Account baLance
18.08.2011
2 04443 5.00
2 120000.00
75 565.00
Total turnover
Closing balance
75 56 5,00
2044435,00
..
:,)'O).r,
Page 1 of 1
Statement of assets as of August 31, 2011
Client information
Name
Mandate
91140
91140.001

Reference currency
USD
Service type
Account/cu stody account
Client advisor
Name
Fax
Stephan Keiser
+41 58 283 71 38
+41 582837630
EM ail
ste pha n. keise r@vontobel.ch
Telep hone
Bank Vontobel AG
Gottha rdstrasse 43
CH 8022 Zurich
Telephone . 41 58 283 71 11
Fax .41 58 283 76 50
I.
rl:
:-
.-
,,'J l).J lJ 1
....
www.vontobel.com
Content
Pag e
Performance
Asset overview
Total assets
Detailed positions
I. :.L401
I'bl
<I.: l .
I Page 1 of 6
Performance
91140,00 1
Statement of ass"ets as of August 31, 2011

created on Septe mber 01, 2011
Performance from 15,03 ,2011 until 31.08,2011
USD

Net inflows (Cash depo sits /withdrawals and securities deLiveri es)
Withh olding tax
2 044 435
0
2 044435
Adj usted assets
2 044 435
Current earnings
Net incom e credited
Acc rued intere st on purchases and sa les
Withholding tax pa id
Changes in va lue
o
o
TotaL return
Tota l current earning s
2 044 435
Ending vaLue of assets as of 31.08.2011
L . 1.... 11.l.
UI>1
I.U , __ . ....
0.00%
0.00"/0
I Performance
u...
I Dd311t'd pout i oll':;
I Appendix
I Pa ge 2 of 6
.,
Asset overview
91140.001
created on September 01, 201 1
Total assets
Total assets by investment category and currency, valued in USC
USD
Total
2044 435 100.0%
2044435
100.0%
2 044 435 100.0%
2044435
100.0%
Bonds
Equities
Miscellaneous
TotaL in USD
Tota l in foreign currency
2044435
Exchange rate
Allocation by investment catego ry
Short-te rm lovestmeol.$
Bonds
Equitlcs
USD
AllPr'I"I ahve Investments
Miscelloneous
,,;] ..:.1J1 01;1
I Asset overview
I Dl!lallt'd
I Appendi x
I Page
3 of 6
Detailed positions
Curr.
Quantity
Statement of assets as of August 31,2011

created on September 01, 2011
91140.001
Description
M.turity
Risk curr.
Yield to
Cost price
Valuation
Exchange rate
Exchange rate
Market price
Exchange rate
mat.
% of net
assets
Market value USD
Ac crued interest
in USD
Account investments
USD
2044435.00 Current account USD (USD)
1 044 435
USD
100.00%
IBAN CH03 0875 7000 011311745
- --
EUR
0.00 Current .ccount Euro (EUR)

IBAN CH57 0875 7000 01231174 3
EUR
1.4 398
GBP
0.00 Current .ccount Pound Sterling (GBP)

IBAN CH30 0875 7000 012311744
GBP
1.6281
2044435
Accrued interest
Total assets (excluding accrued interest)

Accrued interest
100.00%
2 044 435
100.00%
2 044 435
i PerturmMct'
.b."
2 044 435
Total assets
I,
100.00%
I AS$.el
l}VPlvie'IJ
I Detailed
positions
100.00%
I P.ge 4 of 6

created on September 01, 2011
91140.001
Current earnings
Earni ngs from interest and dividends less any withholding tax paid (credited ne t earnings), balance of accrued inte rest on purchases and sa les and changes in accrued
interest.
Changes in va lue
Realised and unrealised ga ins arising from changes in value. Unrea lised gains co nsist of changes in value affecting existing positlons at the time of valuation .
Total return
Total return equa ls the sum of current earnings plus changes in value.
End in g value of assets
The assets show n in the performance overview can differ fro m the assets shown in the asset overview due to diffe rence s in the evaluation method (reference date).
Performance
Performance measures the total income of the portfolio relative to the portfolio vaLue. Inflows and outflows (withdrawals and deposits) are consid ered using the money
and time-weigh ted calcuLation method. Pe rformance relates to the reporting period.
Net performan ce
Performance after deduction of alL transaction and administrative costs and net of non-reclaimable withholding taxes.
Time-weighted
The reporting period is di vided into sub-periods. Performance is calculated for each sub-period and then combined for the entire reporting period. Th is neutraLises
inflows and outflows (with drawals and deposi ts) meaning they do not have any impact on performance.
Money-weighted
Performance is caLcuLated by dividing the sum of current earnings and cha nges in value by the average invested capital. Inflows and outflows (withdrawals and deposits)
impact the amount of in vested capital and thus performance.

Account assets and liabilities. accrued interest of short-term investments. foreign exchange transactions. money market investments, money market investment funds
and structured products with mone y market characteristics
Bonds and similar investmen ts, accrued interest of bonds and bond-like investme nts. bond investment funds and structured products with bond chara cteristi cs
Equities and equity-lik e investm ents
Equities and equity-like investments. equity investmen t funds and structured products wi th equity characteristics
Alternative investmen ts
Units in hedge funds, private equity investments, real estate investments and commodities
. _.. ..U.1
:JfJ1
I PerfrrnlJnce
O'Vl'lvlt....
I Deld iled I-H15iuC1n\
I Appendix
I Page 5 of 6
Statement of assets as of August 31 , 2011

created on September 01 , 2011
91140.001
Precious meta ls and others
MisceUaneous
NB : Please note t hat your securities may be used for securities lending purposes in accordance with the Terms and Conditions for Securities Le nding (Part C of Ban k Vontobel AG Basic Documents) .
Valuations of the conte nts of the custody account are based on prices an d rates from common sources of bank information. The valuations serve as a guidance only and are not binding to the bank. The bank
accepts no liability for the correctness of the valuation or for other information or calculatio ns in connection with the assets ente red into the account.
if no vatuation is indicated, this means that no current price could be determined or that the instrument carries no value. The prices displayed do not commit the bank to buy or selL at thi s price or rate.
We kindly ask you to check this statement of assets and , in the eve nt of discrepancies. to object in wri ti ng with in four weeks from the mailing date.
e,l .)OJ
ft.!t
I Pel formallce
"
o'o'Nview
position!)
I Appendix
I Page 6 of 6
From:
To:
CC:
Date:
Subject:
Attachment(s):

Edison Teano - Mossfon Trust, Giselle Ocampo - Mossfon Trust,
eleon@mossfon.com
Oct 3, 2011, 3:08 PM
Question-1900042-1900033 -ET-edl001E
2
Dear Chetan,
Receive our best regards.
Regarding Mr. Teano message below, please send us the loan agreement
signed by Bina Rai.
We remain at your entire disposal.
Kind Regards,
Emerith De Len
Tel. +507 206-9490 thru 507 206-9499 ext 271
www.mossfon.com

Sent: martes, 30 de agosto de 2011 09:22 a.m.
Subject: Question
Dear Chetan,
Kindly note that the US$200.00 refers to the bank charges for the
execution of the transfer. Please be advised that the bank charges will
depend on the amount to be transfer and it includes not only the ordering
bank but also the intermediary bank.
In relation to this matter, please find attached the loan agreement duly
signed by Foundation Membership and by the Escrow Agent for your
reference. We will send the original loan agreement to your attention via
DHL with airway bill number 7389409996 for the signature of Bina Rai.
Please send us the document once signed.
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Question
Hi Edison
Bina Rai received the wire amount of $74,817.70. Pls can you advise what
the approx. $200 charge was for? It seems too high to be a wire fee.
thanks
LOAN AGREEMENT
This is a Loan Agreement made on 12th August, 2011 between:

a)

b)

"the Debtor"; and
c)

hereinafter "The Escrow Agent", represented by EDISON E. TEANO
and EGBERT WETHERBORNE (the "Escrow Agent").
WHEREAS:
2. The Debtor is opening an art advisory firm I gallery in New York and requires a
IT WAS AGREED THAT:


its best judgment.
8. The Debtor shall have the prerogative to payoff the loan at any time, prior to
Its maturity date;
default
will
not
cause
the
annulment
of
the
Agreement.
originals.
By: The Lender
L:>k
FAMILY AND CHILDREN CHARA
By: The Debtor
BINA RAI
LEFUN
AllON
_t_p79----/lt_"
The ESCROW AGENT
MOSSFON ESCROW SRL
Bank Vontobel AG
Gotthardstrme 43, CH-8022 ZUrich
Telephone t41 58 283 7111
wwwNontobeLcom
Ct.aring: 8757, 61C: VONTCHZZXXX, VAT 335 398
Clfent ad,,;'.r
Stephan Keiser
Telephone +41 58 283 71 38
Current account US Dollar (USD)
Name
91140
Mandate
Account number
IBAN
....
91140,001
91140.001.001
CH03 0875 7000 012311745
Debit advice
Augu,t 18, 2011

According to your instructions, we made the following payment on August 18, 2011
Reference
For further credit to Mossfon

SRL
Account 1008119
In favour of
The Winterbotham Trust Company Ltd.

Winterbotham Place
Nassau, Bahamas
GB34MIDL40051567759884
HSBC BANK PLC
LONDON
UNITED KINGDOM
lBAN
Destination bank
"""
!o your debit
1.13.185,470
Amount payable
usa
-75'565.00
Value August lB, 2011
USD
7S'S65.00
Page 1 of 1
Bank Vontobel AG
Telephone +41 58 183 71 II
www.vontobeLcom
Clfent .dvlsor
Stephan Ke;,er
Telephone +41 58 283 71 38
Current account US Doll.r (USD)

Name
91140
"andate
Account number
IBAN
91140.001
91140.001.001
CH03 0875 7000 0123 11745
Credit advice
Iir...
Order number
___________________________
On June 20, 1011 we booked the following payment

By order of
To your credit
;,12,023.995
APe, LLC
MAIN STREET 556
CHARLESTOWN
ST. KITTS AND NEVIS
Amount
usn
2'120'000.00
Value June 20, 2011
USD
2'120'000,00
.... _ - _ ..
Page 1 of 1
From:
To:
Date:
Subject:
Attachment(s):

eleon@mossfon.com
Sep 5, 2011, 5:10 PM
FW: Questionhm`hm
2
Hola Em,
Entiendo que te hars cargo de darle seguimiento a esto. thanks

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

Subject: Question
Dear Chetan,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Question
Hi Edison
thanks
August 30th , 2011
MR. CHETAN KAPUR

85 EAST END AVE, 11 E
NEW YORK, NY - 10028
UNITED STATES OF AMERICA
We are pleased to enclose the loan agreement duly signed by Foundation
Membership and for the signature of Bina Rai. Please send us the document
once signed.
Mossfon Building,
3rd Floor
P.O. BOX 0832-0886 W.T.C.
Attention: Edison Teano/Gabriela Agrazalez
Thanks for your atttention.
( '"
'Y'
Gabriela Agrazalez
From:
To:
CC:
Date:
Subject:
Attachment(s):

Aug 30, 2011, 10:21 AM
Question
2
Dear Chetan,
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Subject: Question
Hi Edison
thanks
LOAN AGREEMENT

a)

b)

"the Debtor"; and
c)

hereinafter "The Escrow Agent", represented by EDISON E. TEANO
and EGBERT WETHERBORNE (the "Escrow Agent").
WHEREAS:
2. The Debtor is opening an art advisory firm I gallery in New York and requires a
IT WAS AGREED THAT:


its best judgment.
8. The Debtor shall have the prerogative to payoff the loan at any time, prior to
Its maturity date;
default
will
not
cause
the
annulment
of
the
Agreement.
originals.
By: The Lender
L:>k
FAMILY AND CHILDREN CHARA
By: The Debtor
BINA RAI
LEFUN
AllON
_t_p79----/lt_"
The ESCROW AGENT
MOSSFON ESCROW SRL
From:
To:
Date:
Subject:
Attachment(s):
Mossack Fonseca & Co. - Audit and Quality Department

Aug 29, 2011, 8:29 AM
Courier Confirmation/FAMILY AND CHILDREN CHARITABLE FOUNDATION /
1900033
2
Dear Mr. Kapur,
We refer to the package sent by Miss Gabriela Agrazales, on 22/08/2011.
DHL has notified us that you acknowledged receipt of the package on

24/08/2011 and same was received by A. Buchann.
Kindly confirm that the package arrived complete and in good conditions.
If we do not hear from you within two (2) days, we will assume that you
are satisfied with the package and its contents.

Ana Nuez
Audit and Quality Department
Mossfon Building
Tel. +507 205 5888 ext 384
www.mossfon.com
August 22nd, 2011

f
f
MR. CRETAN KAPUR

NEW
NY - 10028
We are pleased to enclose the Regulations for the Private Foundation, Family
and Children Charitable Foundation.
Please sign the two sets as protector of the foundation and return one original
set to our attention to the following address:
Mossfon Building,
3rd Floor
P.O. BOX 0832-0886 W.T.C.
Thanks for your atttention.
rf!;a1idaJ
Gabriela Agrazalez
From:
To:
CC:
Date:
Subject:
Attachment(s):

Aug 22, 2011, 11:29 AM
REGULATIONS: FAMILY AND CHILDREN CHARITABLE FOUNDATION/
1900033/GA
2
Dear Mr. Kapur:
Please receive our greetings.
We hereby attached the Regulations for the Private Foundation, Family and
Children Charitable Foundation. We will send two sets for your attention
via DHL courier airway bill number 7359206175 to the following address:

NEW YORK, NY - 10028
Please sign the two sets as protector of the foundation and return one
original set to our attention to the following address:

P.O. BOX 0832-0886 W.T.C.
We thank you for your attention and look forward to receive your
confirmation on the receipt of the package.

Gabriela Agrazalez

Tel. +507 206 9490 ext 268
www.mossfon.com
RESOLUTION OF THE SOLE MEMBER OF THE FOUNDATION COUNCIL

OF FAMILY AND CHILDREN CHARITABLE FOUNDATION
A meeting of the Foundation Council of FAMILY AND CHILDREN CHARITABLE
FOUNDATION was held at Mossfon Building, 54th Street, Third Floor, Panama, Republic of
Panama, on 19th August 2011.
NOTICE: Notice to this meeting as to the date, time, place and purpose was waived by all
persons entitled thereto.
PRESENT: The sole member of the Foundation Council, there being thus the required quorum:
FOUNDATION MEMBERSHIP INC., represented by
FRANCIS PEREZ - LETICIA MONTOYA
RESOLVED to approve, as it is hereby approved, a transfer of US$75,000 from the Mossfon
Escrow SRL bank account to:
BANK:
ADDRESS:
SWIFT:
ACCOUNT:
BENEFICIARY:
REFERENCE:
BANK OF AMERICA
NY, NY
BOFAUS3N
483030760283
BINA RAI
LOAN AGREEMENT BEIWEEN THE FAMILY AND
CHARITABLE FOUNDATION AND BINA RAI
TERMINATION: There being no further business, the meeting ended.

FOUNDATION MEMBERSHIP INC., represented by:
FRANCIS PEREZ
Director
CHILDREN
From:
To:
CC:
Date:
Subject:
Attachment(s):

Rjimenez@mossfon.com
Aug 19, 2011, 1:08 PM
FW: Confirmation of Wire process completion. Loan Agreement attached
5
Buenos das Ricardo,
Adjunto encontrars la autorizacin del cliente para proceder con la

transferencia desde la cuenta Escrow a Bina Rai; tambin te adjunto el
loan agreement y tambin el acta correspondiente

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

To: Yarisell Martinez - Mossfon Trust; Gabriela Agrazalez - Mossfon Trust
Subject: RE: Confirmation of Wire process completion. Loan Agreement
attached
Buen da,
Ademas del contrato escrow y nuestra factura a cancelar, tambin

proporcionar los datos bancarios del beneficiario Bina Rai los cuales no
se encuentran en los mensajes que he recibido.

Ricardo Jimnez
Financial Officer

Tel. +507 206 9490 ext 207
www.mossfon.com
From: Yarisell Martinez - Mossfon Trust

Sent: Friday, August 19, 2011 11:26 AM
To: Gabriela Agrazalez - Mossfon Trust; Ricardo Jimnez - Mossfon Trust
Subject: RE: Confirmation of Wire process completion. Loan Agreement
attached
Los fondos ya se encuentran acreditados en la cuenta. Entiendo que

Ricardo seguir atendiendo este caso ya que es quien lo tiene asignado.
Ricardo, tengo 2 transferencias mas que son urgentes as que cuando tengas
esta lista la mandamos a firma del Lic. Edison.
Gabriela te agradecera que le remitieras a Ricardo el contrato escrow o

los documentos que sustenten la salida de los fondos de nuestra cuenta y
nuestra factura por este servicio.

Yarisell Martinez
Financial Officer
Tel. +507 206 9490 ext 231
www.mossfon.com
From: Gabriela Agrazalez - Mossfon Trust

Sent: Viernes, 19 de Agosto de 2011 10:27 a.m.
To: Yarisell Martinez - Mossfon Trust
Cc: Edison Teano - Mossfon Trust; Gabriela Agrazalez - Mossfon Trust
Subject: FW: Confirmation of Wire process completion. Loan Agreement
attached
Importance: High
Buen da Yarisell,
Nos podrs confirmar si los fondos ya llegaron a Bahamas?. Creo que no

porque solo han pasado dos das.

Gabriela Agrazalez
cid:image001.jpg@01CC5E4E.D0844090
Tel. +507 206 9490 ext 268
www.mossfon.com

To: Gabriela Agrazalez - Mossfon Trust
Subject: RV: Confirmation of Wire process completion. Loan Agreement
attached
Importance: High
Gabriela,
Favor verifica con Yarisell si los fondos llegaron a Bahamas (lo dudo).
Pero si llegaron, inmediatamente hagamos la transferencia hacia Bina Rai y
le confirmas a Chetan.
Tambien hay que confirmarle el envo del Reglamento.
Gracias y saludos,
Edison
De: Chetan Kapur [mailto:chetan.kapur@aimadvgrp.com]

Enviado: Friday, August 19, 2011 06:44 AM
Para: Edison Teano - Mossfon Trust
Asunto: Confirmation of Wire process completion. Loan Agreement attached
Hi Edison
Pls could you confirm that the monies have been wired from the escrow
agent to Bina Rai. She is expecting the monies today.
Attached pls find the loan agreement with the minor amendments as
discussed. Pls sign, and Bina will be available to countersign today.
Thanks
A quick reminder to also pls send the signed regulations. thks
LOAN AGREEMENT

a)

b)

the Debtor; and
c)

WHEREAS:
2. The Debtor is opening a gallery in New York and requires a loan in the amount
of SEVENTY FIVE THOUSAND DOLLARS WITH 00/100 (US$75,000)
(hereinafter the Loan") in order to be used as working capital.
IT WAS AGREED THAT:


DOLLARS WITH 00/100 (US $75,000.00) to be transferred to the
Bina Rai, the Member of the Debtor, to her bank account at:
As soon as the Escrow Agent receive confirmation from the Lender
to transfer the loan to the Debtor. The Lender will provide this
confirmation once the Lender verifies the Debtor has advanced in
the process to open the gallery and has incurred in expenses to
open the gallery.
its best judgment.
2011 until August 2014, at a 5% annual rate.
Its maturity date;
default
will
not
cause
the
annulment
of
the
Agreement.
originals.
By: The Lender

________________________________________________
By: The Debtor
_______________________________________
BINA RAI
_______________________________________
The ESCROW AGENT
MOSSFON ESCROW SRL
RESOLUTION OF THE SOLE MEMBER OF THE FOUNDATION COUNCIL

OF FAMILY AND CHILDREN CHARITABLE FOUNDATION
A meeting of the Foundation Council of FAMILY AND CHILDREN CHARITABLE
FOUNDATION was held at Mossfon Building, 54th Street, Third Floor, Panama, Republic of
Panama, on 19th August 2011.
NOTICE: Notice to this meeting as to the date, time, place and purpose was waived by all
persons entitled thereto.
PRESENT: The sole member of the Foundation Council, there being thus the required quorum:
FOUNDATION MEMBERSHIP INC., represented by
FRANCIS PEREZ - LETICIA MONTOYA
RESOLVED to approve, as it is hereby approved, a transfer of US$75,000 from the Mossfon
Escrow SRL bank account to:
BANK:
ADDRESS:
SWIFT :
ACCOUNT:
BENEFICIARY:
REFERENCE:
BANK OF AMERICA
NY, NY
BOFAUS3N
483030760283
BINA RAI
LOAN AGREEMENT BETWEEN THE FAMILY
CHARITABLE FOUNDATION AND BINA RAI
AND
CHILDREN
TERMINATION: There being no further business, the meeting ended.

FOUNDATION MEMBERSHIP INC., represented by:
_____________________________
FRANCIS PEREZ
Director
_____________________________
LETICIA MONTOYA
Director
From:
To:
CC:
Date:
Subject:
Attachment(s):

Chetan Kapur
Aug 17, 2011, 5:52 PM
RE: Loan - Escrow Agreement/1900042
1
Dear Chetan,
Thank for re-sending them.
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Sent: mircoles, 17 de agosto de 2011 04:51 p.m.
To: Edison Teano - Mossfon Trust; Mossfon Trust Corporation
Subject: RE: Loan - Escrow Agreement/1900042
Edison this one was sent to you on Monday. Both docs were sent in 2
formats. I will reforward to you. thanks
From: Edison Teano - Mossfon Trust [mailto:ETeano@mossfon.com]

Sent: Wednesday, August 17, 2011 5:47 PM
To: Chetan Kapur; Mossfon Trust Corporation
Dear Chetan,
The instructions were already send to Vontobel. However, internally we

need this signed. It seems you send us the same document twice and this
one is still missing. Sorry for this inconvenience.
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

Cc: Gabriela Agrazalez - Mossfon Trust; Edison Teano - Mossfon Trust
This was signed and sent on Monday both in scan and pdf. Edison also
confirmed that instruction was already sent to Vontobel.

To: Chetan Kapur
Subject: FW: Loan - Escrow Agreement/1900042
Dear Mr. Kapur:
Thank you for your message with the authorization duly signed.
Please be advised that we need the attached authorization to transfer the

funds to Mossfon Escrow also signed.
Thanks for your attention.

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

Sent: martes, 16 de agosto de 2011 08:22 p.m.
Attached in Scan Format again.
From: Chetan Kapur

Sent: Tuesday, August 16, 2011 9:03 PM
Hi Edison I will send the second signed form momentarily, so the wire
can be fully processed. If you could please have the wire process proceed
asap.
On the loan agreement, I better understand the structure now. I might

suggest a 10 year term, with accrued interest and principal payable on
maturity. Will call to discuss this tomorrow, and a few clauses in the
agreement I need some explanation on to fully understand. I can make these
amendments myself after we speak and get the signed loan agreement out
asap.
thanks

Sent: Tuesday, August 16, 2011 10:47 AM
To: Chetan Kapur
Dear Mr. Kapur:
Further to our below message, please find attached the documents duly
amended for your signature.

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

Sent: lunes, 15 de agosto de 2011 08:04 p.m.
Subject: Re: Loan - Escrow Agreement
Dear Chetan, Thank you for your comments. Please sign the documents as
Protector, as that will help me start withe the first transfer as soon as
possible.
Kind regards,
Edison

Enviado: Monday, August 15, 2011 07:55 PM
Asunto: RE: Loan - Escrow Agreement
Hi Edison
The loan should be to Bina Rai, not Inspirations. Pls amend.

Also Bina Rais account details are correct.
Pls execute the transfer as the monies are needed urgently.
We will sign the amended doc as soon as we have it. thanks

Sent: Monday, August 15, 2011 8:43 PM
To: Chetan Kapur
Subject: Loan - Escrow Agreement
Dear Chetan,
Further to our todays telephone conversation, attached you will find the
following documents:
1. Loan Agreement between the Family and Children Charitable

Foundation and Inspirations Gallery of Fine Art, LLC. In this agreement
we also added the escrow services to be provided through our entity;
2. Protector instructions to the Foundation Council to transfer the

US$75,565.00 to Mossfon Escrow SRL; and
3. Protectors instructions to Mossfon Escrow to transfer the US
$75,000 to Bina Rai account.
As you will notice, we are charging a fee of US$565 for the provision of
our escrow services.
As soon as we receive the documents signed by you and Bina Rai, and
confirmation that the bank account of Bina Rai is correct, we will start
the process of transferring these amount first to Mossfon Escrow account,
and once same is received, the Bina Rai account.
I look forward to hearing from you.
Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
From:
To:
CC:
Date:
Subject:
Attachment(s):
Chetan Kapur
Edison Teano - Mossfon Trust, Mossfon Trust Corporation
Aug 17, 2011, 5:51 PM
1
Edison this one was sent to you on Monday. Both docs were sent in 2
formats. I will reforward to you. thanks

To: Chetan Kapur; Mossfon Trust Corporation
Dear Chetan,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com



To: Chetan Kapur
Dear Mr. Kapur:


Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

From: Chetan Kapur

asap.

asap.
thanks

To: Chetan Kapur
Dear Mr. Kapur:


Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

possible.
Kind regards,
Edison

Hi Edison


To: Chetan Kapur
Dear Chetan,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
From:
To:
CC:
Date:
Subject:
Attachment(s):

Chetan Kapur, Mossfon Trust Corporation
Aug 17, 2011, 5:47 PM
1
Dear Chetan,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com


To: Chetan Kapur

Dear Mr. Kapur:


Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

From: Chetan Kapur

asap.

asap.
thanks

To: Chetan Kapur
Dear Mr. Kapur:

Gabriela Agrazalez

Tel. +507 206 9490 ext 268
www.mossfon.com

possible.
Kind regards,
Edison

Hi Edison


To: Chetan Kapur
Dear Chetan,


Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
From:
To:
CC:
Date:
Subject:
Attachment(s):
Chetan Kapur
Aug 17, 2011, 5:44 PM
1

To: Chetan Kapur
Dear Mr. Kapur:


Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com


From: Chetan Kapur

asap.

asap.
thanks

To: Chetan Kapur
Dear Mr. Kapur:


Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

possible.
Kind regards,
Edison

Hi Edison


To: Chetan Kapur
Dear Chetan,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
From:
To:
Date:
Subject:
Attachment(s):

Aug 17, 2011, 9:34 AM
FW: Loan - Escrow Agreement/1900042
2
Gabriela,
Otro documento de autorizacin.

Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com

From: Chetan Kapur

asap.


asap.
thanks

To: Chetan Kapur
Dear Mr. Kapur:

Gabriela Agrazalez
Tel. +507 206 9490 ext 268
www.mossfon.com

possible.
Kind regards,
Edison

Hi Edison


To: Chetan Kapur
Dear Chetan,

Kind regards,
Edison Teano
Tel. +507 206-9490 thru 507 206-9499 ext 212
www.mossfon.com
The undersigned, IMOGENE WILSON, acting in the name and on behalf of ENDERS INC., a
Panamanian company duly registered at Microjacket five one one two zero zero (511200),
Document eight eight one seven zero eight (881708) of the Public Registry's (Mercantile) Section,
who is duly empowered for this act as recorded at the Public Registry, and REY TAYLOR, acting
in the name and on behalf of ROCKALL INC., a Panamanian company duly registered at
Microjacket five one one two zero eight (511208), document eight eight one seven three four
(881734), of the Public Registry's (Mercantile) Section, who is duly empowered for this act as
recorded at the Public Registry, both domiciled in the City of Panama, Republic of Panama, for
the purpose of forming a corporation pursuant to the laws in force in Panama, do hereby agree to
the following.
ARTICLES OF INCORPORATION:
FIRST: The name of the Corporation is:
QUAITRIDGE INTERNATIONAL ASSETS INC.
SECOND: The Corporation has the following purposes and objects:
a) The purchase, sale, exchange, lease, management, trade, holding of, and
Investment in all kinds of movable or
immovable properties, merchandise,
commodities, effects, products and other goods of any kind, nature or description.
b) The carrying out of any type of commercial operation, the sale or rendering of
services and the employment of the necessary personnel therefor.
c) The participation in any
Panamanian or foreign.
form in other corporations or
companies, be
they
d) The purchase, sale and trade in general of shares, bonds, securities and effects of
any kind or description.
e) To act as settlor or beneficiary
Panama.
in
trusts
within
or outside the Republic of
f) To receive and/or pay royalties, commissions and other income or outgoings of any
kind.
g) The purchase, construction, chartering, owning, operation, management and
administration of ships and vessels of any kind and their appurtenances, as well as the
owning, operation, management and administration of shipping lines and shipping agencies
in general.
h) The entering into of any loan agreements, mortgages, assignments and contracts or
agreements of any other nature, including guarantees in favour and/or for obligations of
third parties.
i) The opening and operation of bank accounts of any nature with any
financial establishment in any part of the world.
bank or
In addition to the above-mentioned objects, the Corporation shall have all of the
provided for in Article nineteen (19) of Law thiny-two (32) of nineteen
hundred and twenty-seven (1927) of the Republic of Panama as well as any other
powers which may be granted to the Corporation by any other laws in force.
THIRD: The authorized capital of the Corporation consists of TEN THOUSAND

DOLLARS (US$10,000.00), legal tender of the United States of America, divided into
ONE HUNDRED (100) shares, which may be nominative or bearer shares, of a
nominal value of ONE HUNDRED
DOLLARS (US$100.00) each. The Board of
Directors may allow bearer share certificates to be exchanged for share certificates
in the name of shareholders and vice-versa.
FOURTH: The voting power shall be vested exclusively in the holders of such shares
and at any shareholders meeting the shareholders shall be entitled to one (1) vote for
each share so held and for this purpose they shall produce at said meeting the
corresponding share certificate or certificates or other evidence of their right in the
manner determined by the Board of Directors.
Shareholders meetings may be held in the Republic of Panama or abroad.
FIFTH:
Shareholders meetings where the participants have been directly in communication by
telephone or by telefax or by any other electronic means of communication shall be
considered to be meetings with the parties present. In such a case, a minute reflecting what
took place at the meeting, the resolutions adopted and how the shareholders were in
communication shall be issued. Shareholders resolutions shall be valid even if the document
is signed in different places and on different dates.
SIXTH:
The shareholders are liable vis-a-vis the Corporation's creditors only up to the
unpaid amount of their shares.
SEVENTH: Each of the subscribers of these Articles of Incorporation agree to take one (1)
share.
EIGHTH: The Corporation has its domicile in the City of Panama, but may establish
branches or offices in other countries or locations.
NINTH: The Registered Agent of the Corporation is the law firm MF LEGAL SERVICES, with
offices at Mossfon Building, 2"d Floor, East 54th street, P.O. Box 0832-0886 W.T.C., Panama,
Republic of Panama; e-mail: PanCor~@mossfon.com;website: www.mossfon.com; FAX:
(507) 263-9218; TELEPHONES: (507) 205-5888 and (507)206-9400.
TENTH: The Corporation shall have a perpetual duration.
ELEVENTH: The corporate books shall be kept at the place designated by the
Board of Directors. The Corporation may keep its Minutes Book and Share Register by
using books, electronic media and other mechanisms authorized by Law.
TWELFTH: The number of Directors shall not be less than three (3).
RTEENTH: The first Directors and Officers as well as their addresses are as follows:
ALLEN
CARMEN WONG
YVElTE ROGERS
JAQUELINE ALEXANDER
VERNA DE NELSON
Director and President

Director and Secretary
Director / Vicepresident and Treasurer
Director and Assistant Secretary
Director and Assistant Secretary
All of Mossfon Building, Second Floor, East 54Ih Street, Panama, Republic of Panama.
FOURTEENTH: (a) The business of the Corporation shall be managed by its Directors. (b)
Any vacancies that arise in the Board of Directors may be filled by a decision of two of the
Directors.
FIFTEENTH: The Legal Representative of the Corporation is its President, but it may
also be represented by its Treasurer or Secretary in the absence of its President, or by any
person designated by the Board of Directors for that purpose.
SIXTEENTH: (a) Board meetings may be held in the Republic of Panama or abroad, and any
Director may be represented and vote at any of such meetings by proxy or proxies, who need
not be Directors and who may be appointed by way of a private instrument. (b) Board
meetings, in which Directors have communicated directly with each other by telephone or fax
or by any other electronic means of communication, shall be considered to be meetings with
Directors present. In such a case, a minutes reflecting what took place at the meeting, the
resolutions adopted and how the Directors were in communication shall be issued. Directors
resolutions shall be valid even if the Directors have signed the relevant document in different
places and on different dates. (c) QUORUM: The presence of two (2) Directors or their
proxies shall constitute a quorum at Board meetings. The Directors may act as such by
affixing their signatures to the pertinent documents, without need for meeting physically, such
that the signatures of two (2) Directors on any one document shall bind the company with the
same legal force as a decision taken at a Board meeting.
SEVENTEENTH: No contract or transaction between the Corporation and any other
corporation shall be affected or invalidated by the fact that any Director or Officer of this
Corporation may be a Director or Officer of such other corporation; any Director or Officer,
individually or jointly, may be a part to, or be interested in any contract, agreement or
transaction of this Corporation.
EIGHTEENTH: Any two Directors of the Corporation may grant general or special powers of
attorney, with or without powers of disposition, without having to meet. The Directors shall
not be liable for any unlawful or improper act carried out by any persons to whom they have
granted a power of attorney or by third parties authorized to transact any business in the
name and on behalf of the corporation.
NINETEENTH: The Corporation may continue under the laws of another country or
iurisdiction where the laws of such country or jurisdiction so permits and this has been duly
ENTIETH: One or more corporate entities may be Director@), Officer(s), or Liquidator(s) of

Corporation. They shall act through their representatives or authorized persons, without
having to prove such fact.
IN WITNESS WHEREOF, we sign and execute these Articles of Incorporation in the City of
Panama, Republic of Panama, on this seventeenth (17'h)day of April, two thousand eight (2008).
0
REY T YLO
for ROCKALL INC.
Subscriber
for ENDERS INC.

Subscriber
CERTIFICACION NOTARIAL
NOTARIAL CERTZFZCATZON
BENIGN0 VERGARA CARDENAS, Notario Publico Octavo del Circuito de Panama,

BENIGN0 VERGARA CARDENAS, Eighth Notary Public o f the Circuit o f Panama,
portador de la cedula de identidad personal No 7-73-5 10
holder o f personal identity card No 7-73-510
CERTIFICA:
CER TZFZES:
Que este documento es identico a1 original que fue protocolizado por medio de la
That this document is identical to the original which was protocolized by means o f
Escritura Publica No 4.624 dia 1

7 de
ADril
de 2008 de esta misma Notaria.
Public Deed 4,624 o f 1 T hAuril, 2008 at this Notarial Office.
Panama, 17 de April de 2008.

Panama, 1 T hApril, 2008.

Panama Papers - Chetan Kapur and Kabir Kapur 8

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From:

Daniel Len - Mossfon Trust

Estimado Ricardo, Buenos das.

Hemos recibo instrucciones del cliente de pagar las facturas de anualidad

Muchas gracias por tu asistencia.

Saludos / Kind regards,

Mossfon Building, 3rd Floor

From: chetank@aimadvgrp.com [mailto:chetank@aimadvgrp.com]

FIVEEYES INSTRUCTION FORM

FAMILY AND CHILDREN CHARITABLE FOUNDATION

The following details must be sent in the email to Financial Officer:

Beneficiary of the Transaction:

Beneficiarys Bank Name: HSBC Bank (Panama) S.A.

Amount to Transfer USD $ US$7,200.00

MFG Fees USD $

Pago de facturas No.964535 y No. 965047.

Automatic Debit from Bank Account

EYES #2 BENEFICIARY OF THE TRANSACTION

Check Expiry Date:

EYES #3FINANCIAL OFFICER RESPONSIBLE:

Verify if Compliance has approved the beneficiary of the transaction.

Enter transfer details in Bank Account Module.

EYES #4 AUTHORIZED SIGNATORIES APPROVAL FOR TRANSFER

P.H. Edificio Mossfon, Calle 54 Este, Marbella, Panam, Repblica de Panam

FAMILY AND CHILDREN CHARITABLE FOUNDATION

December 29, 2011

ALL OUR INVOICES ARE PAYABLE

FAMILY AND CHILDREN CHARITABLE FOUNDATION

ANNUAL MAINTENANCE FEE FOR FULLY MANAGED SOLUTION

P.H. Edificio Mossfon, Calle 54 Este, Marbella, Panam, Repblica de Panam

FAMILY AND CHILDREN CHARITABLE FOUNDATION

October 18, 2011

ALL OUR INVOICES ARE PAYABLE

FAMILY AND CHILDREN CHARITABLE FOUNDATION

ANNUAL MAINTENANCE FEE FOR FULLY MANAGED SOLUTION

ACTA DE UNA REUNION DEL CONSEJO DE FUNDACION DE

Directora y Presidenta de FOUNDATION

SECRETARIA DE LA REUNION: KATIA SOLANO, Directora y Subsecretaria de FOUNDATION

HSBC Bank USA N.A.

HSBC Bank (Panama) S.A.

CIERRE: No habiendo otro asunto que tratar, la sesin fue clausurada.

Mossfon Trust Corporation

Dear Mr. Kapur,

Saludos / Kind regards,

Mossfon Building, 3rd Floor

From: chetank@aimadvgrp.com [mailto:chetank@aimadvgrp.com]

From: Mossfon Trust Corporation [mailto:mftrust@mossfon.com]

Subject: RE: Loan --- (2019300/ET/dl)

Dear Mr. Kapur,

Thank you for your e-mail below.

- The annual invoice No. 964535 in the amount of US$3,600.00

Saludos / Kind regards,

Mossfon Building, 3rd Floor

From: chetank@aimadvgrp.com [mailto:chetank@aimadvgrp.com]

Also I think we started in sept 2011,therefore the payment of the annual

From: Mossfon Trust Corporation [mailto:mftrust@mossfon.com]

Dear Mr. Kapur:

Thank you for your message below.

AMENDMENT TO THE REGULATIONS

Saludos / Kind regards,

From: chetank@aimadvgrp.com [mailto:chetank@aimadvgrp.com]

Also I think we started in sept 2011,therefore the payment of the annual

Dear Mr. Kapur,

FAMILY AND CHILDREN CHARITABLE FOUNDATION: