To: Jeffrey EpsteinBeevacation©gmail.com]

From: Adam Bly

Sent: Mon 4/12/2010 1:15:19 AM

Subject: ScienceBlogs

It just hit me. Someone could just lend Seed 8500,000 secured by the 70%
interest in ScienceBlogs (we sold Burda 308 for 82.5 million), which will be
sold within the year, and get a nice piece of the return. This way Seed gets
its working capital, everyone makes more on a SB sale, and the lender scores a
pretty nice and fast return with low risk.