<table><tr><th>From:</th><th>Joichi Ito &lt;j</th></tr><tr><td>Sent:</td><td>Wednesday, July 9, 2014 9:49 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Re: Things</td></tr></table>

Yeah...

On Jul 10, 2014, at 06:47 jeffrey E. <jeevacation@gmail.com> wrote:

> doesn't say what roylaty rate applys before 65k units

>

>

- On Wed, Jul 9, 2014 at 5:46 PM, Joichi Ito  wrote:

> OK. Why don't I dig in a bit more. I have some concerns about the =njection molding manufacturing. I'm going to Shenzhen for 4 days to =ook at factories and meet people. I'm also concerned about the ramp up =1 the team. If I kick the tires and it looks good, I'll let you know =nd maybe we should do more. Thanks.

>

> - Joi

>

> On Jul 10, 2014, at 06:44 , jeffrey E. <jeevacation@gmail.com> wrote:

>

> > I like the space , we can do more if you want

>>

>>

» On Wed, Jul 9, 2014 at 5:41PM, Joichi Ito wrote:

» > I'll be meeting with David soon to follow up.

>>

» Begin forwarded message:

>>

> >> From: David Smith

7>

> » Subject: Re: Things

> » Date: July 8, 2014 at 05:39:56 +0900

> » To: Joichi Ito

>>>

> >> Hi Joi,

>>>

> » Lots happening. We should talk soon.

> » - I have the license from Lockheed (finally). 31 patents and patent =ending. Pretty good deal but not cheap. $0.5M in 30 days. $1.5M in 200 =ays. Royalty rate is good - drops to 2% after 65k units.

> » - A NC investor group is interested in $5M. We told them $25M pre. =hey pushed back and had us meet with Blake Krikorian who knows you. He =oved the product and positioning so I think we can hold our line on =aluation. Blake also asked for a convertible note like yours. Should =now about the NC group soon.

> » - Intel is looking at $1.5M convertible note.

> » - Met with Google and they said they were interested in an =cquisition. No idea what valuation they are going to consider. Any =deas?

>» - Working with Flextronics on manufacturing. Very interesting =roup. No problem in scaling.

>» - Apple is interested in selling the device in their stores with an =xclusive for the new iPad mini. October is a very big date with them.

> >> - Amazon is also interested and wants us to go to Seattle to meet =heir management.
> >>
> >> That said,  we need to raise money quickly so I need to expand my =earch. Help here would be very valuable.
> >>
> >> Best regards,
> >>
> >> David
> >>
> >>
> >>
> >>
> >>
> >> --
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> --
> Please use joi@rakoku.com for venture related email
>
>
>
>
> --
>        please note
> 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
> JEE 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
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Please use joi@rakoku.com for venture related email

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