Grifco Inc (GFCI)

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5. At first Plaintiff FFC3 and its principal Mads Ulrich proposed acting as the
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syndicator of an offshore Regulation S offering to provide the bridge financing. See,
Exhibit A.
6. As negotiations continued, Plaintiff FFC3 then introduced Defendant Grifco to
Plaintiff Robinson Reed stating that both of them would provide the bridge loan
financing. There was no further mention of the syndication of the Securities.

HE KNEW FROM DAY 1 > syndicator of an offshore Regulation S offering to provide the bridge financing