To: Jeevacation[jeevacation@gmail.com]
Cc: Ferg[REDACTED]
From: David Stern
Sent: Fri 3/12/2010 9:06:47 PM
Subject: Re:

I am not involved directlyinvolved in the deal so this may have gaps.

My understanding of the deal today is as follows:

- nothing has been signed

- Terms:

15% of sales

$ 100k at signing of contract

$ 50k when QVC places first order

$ 50k at first QVC tv appearance

- In principle this deal is ready to be signed

- there is minor discussion of also some stock in the company (lawyers believe this is not needed)

- discussions were also raised about no advance and taking 20% sales instead

QVC states:

- they might do this but not certain yet

- first appearance in Nov for pre-Xmas

- first order approx $ 500k

- product: ornaments

- possible appearances in 2011: 3 - 4 times/year, 30 minutes, 3 times/day

On 12 Mar 2010, at 15:12, Jeevacation wrote:

Where does the Keith deal stand

Sent from my iPhone
___________________________________

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: ███████████████████████
Fax: ███████████████████████