To: Jeffrey Epstein[jeevacation©gmail.com]
From: Rich Kahn
Sent: Mon 8/3/2009 6:41:58 PM
Subject: RE: MC2
<u>MC2-Summary2009.odf</u> 

I received some information late last week and summarized in the attached PDF. I still need feedback from Jeff Fuller however he is away all week. Jean Luc came in to see me today and I voiced my concerns about numbers and he had no answers. My concerns are as follows:

a) Jan 1, 2009 —June 30, 2009 — Numbers show that they lost 276,983 — how did they survive without any new borrowings?

b) Did they not pay their account payable? 210,812.79 or 54.7% of the payable is due to the IRS. I am not sure if this is from 2009 or 2008 or a combination of both years.

c) Accounts receivable for both companies totaled 1,071,718. Maybe collections were good which allowed them to cover the 276,983 loss. 62% of receivables are only 60 days or less.

d) They are projecting that in order to break even for July — Dec 2009 they will need 2,756,915 in sales between NY & Miami

e) I question the accuracy of the information presented to me as I am not comfortable with their accounting

My recommendation would be to have them pay down the credit line with every dollar received.

Please advise.

Rich Kahn

HBRK Associates Inc.

PO Box 400

New York, NY 10150

From:  Jeffrey Epstein [mailto:jeevacation@gmail.com]
Sent:Monday, July 20, 2009 11:14 AM
To:Rich Kahn
Subject:Re: information request

its time to get our money back

On Mon, Jul 20, 2009 at 11:12 AM, Rich Kahn ██████████████████████ wrote:

As per our conversation can you please send me the financial statements for MC2 as of 06/30/09. In addition can you please include the accounts receivable and accounts payable as of 06/30/09.

Thank you.

Rich Kahn

- Visible text on image: "HBRK Associates Inc."
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