<table><tr><th>From:</th><th>David Stem &lt;</th></tr><tr><td>Sent:</td><td>Friday, February 7, 2014 5:57 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>OR II</td></tr></table>

DRAFT option II

The Mensch comment is important because this is what I always believed you a=e.

The real fact is this: you are not going to invest and I don't want you to i=vest by now. It means dealing with your people who are lying, and lack comp=tence. My deal was with you and not with them. Even further, your head of d=rect investment has a failed China reputation - I wouldn't ever let him nea= my business.

My point is: my relationship with you is important. This is what I want to s=ve. The view you were given about me is wrong because you were misinformed.=The facts prove this.=?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0">

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