To: Jeffrey Epstein[jeevacation@gmail.com]
From: 
Sent: Thur 1/14/2010 5:42:35 PM
Subject: Re:

And shareholding is ok?
How about start with 50/50 (as proposed) and when the business reaches 100m turnover 10%
goes over to me to make it 60/40 ?
____________________

This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it.

Asia Gateway Ltd.
Michelin House
81 Fulham Road
London SW3 6RD
UK

From: Jeffrey Epstein <jeevacation@gmail.com>
Date: Thu, 14 Jan 2010 12:27:37 -0500
To: <████████████████████████████████>
Subject: Re:

200%

On Thu, Jan 14, 2010 at 12:24 PM, <████████████████████████████████> wrote:

No fees - I get a chairman fee of US$300k/year plus expenses.
I agree the 500% is very harsh!
What do you suggest as fair counter-offer?

________________________

This message is confidential. It may also be privileged or otherwise
protected by work product immunity or other legal rules.
If you have received it by mistake please let us know by reply and then

delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it.

Asia Gateway Ltd.
Michelin House
81 Fulham Road
London SW3 6RD
UK

Tel: +44 (0)20 7838 6788 Fax: <change><s>+44</s></change> (0)20 7838 6888

From: Jeffrey Epstein <jeevacation@gmail.com>
Date: Thu, 14 Jan 2010 12:11:41 -0500
To: <blackened out>
Subject: Re:

do you take fees out in the interim, role played, business plan calls for a 500% return before
you see dollar one. seens quite harsh.. unless you are taking out as you go.

On Thu, Jan 14, 2010 at 11:56 AM, <██████████████████████████> wrote:

Can I call you tomorrow morning to get your input on the initial terms I sent you earlier today?

This message is confidential. It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake please let us know by reply and then delete it from your system; you should not copy the message or disclose its contents to anyone. Opinions, conclusions and other information in this message that do not relate to the official business of Asia Gateway Ltd. shall be understood as neither given nor endorsed by it.

Asia Gateway Ltd.
Michelin House
81 Fulham Road
London SW3 6RD
UK
██████████████████

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to <u>jecvacation@gmail.com,</u> and destroy this communication and all copies thereof, including all attachments.

*******

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to <u>jcevacation@gmail.com,</u> and destroy this communication and all copies thereof, including all attachments.

************

*********