<table><tr><th>From:</th><th>David Stem &lt;</th></tr><tr><td>Sent:</td><td>Tuesday, June 24, 2014 6:51 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Patrick McKillen - Dubai</td></tr><tr><td>Attachments:</td><td>Patrick McKillen note of Dubai Properties.doc; Untitled attachment 00019.htm</td></tr></table>

See =elow and attachment.

Total cost US$24m, paid to date US$10m. Total =tandstill since 2007.

Not a term sheet, but can Sultan or =omebody help to get someone senior at Emaar to deal with =his?

In 2006 =amp; 2007 McKillen invested €8,000,000 with Emaar Properties, Dubai =nd in the subsequent 7 years have struggled to obtain a fair hearing in =elation to that investment.

We approached Emaar very early on in =he process, as it was obvious that the projects were delayed and we =roposed alternative mutually beneficial solutions such as a =onsolidation proposal that would redirect ourinvestment into =ewer units. We have had many meetings with senior officials at Emaar =roperties and the Dubai Land Department and have been made many =romises of assistance, but none of which have transpired. The =taff have changed many times.

We are currently dealing with Mr =atroushi at Emaar, who is in charge of the consolidations and major =ecisions, but again there is little progress.

We are simply requesting a meeting and a fair and equitable =earing/outcome.

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