To: Jeffrey Epsteinueevacation@gmail.com]
From: David Stem
Sent Wed 9/23/2009 5:39:54 PM
Subject: Re: F.

i dont want to quit: It remains a challenge and mystery - there is value if it is packaged properly. But I dont want you to put any money into this until there is MI clarity !

On 23 Sep 2009, at 18:35, Jeffrey Epstein wrote:

I am going to tell her that you told me you wanted to quit„ she has hired more people and has no way of paying off her alreadly existing debts.

On Wed, Sep 23, 2009 at 1:32 PM, David Stem wrote:

On F - i believe she can not and her people can not handle the business side at all. It must be completely outsourced to professionals and they take control to build revenues.

There is an (apparently) excellent operation which is part of the Onimcom Group (based in NYC).

This subsidiary develops and manages strategic licensing programs on behalf of the owners of high-potential brands, including corporate brands, entertainment properties, celebrities, and dormant brands.

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:

********

*********

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 c-mail to <u>jeevacation@ tanail.com,</u> and destroy this communication and all copies thereof, including all attachments.

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: ████████████████████