To: Jeffrey Epstein[jeevacation@gmail.com]
Cc: 
From: 
Sent: Tue 3/23/2010 1:35:46 PM
Subject: RE: Offer letter

0k. So we are cancelling your appt with David Stern for this Thurs. March 2S`"

From: Jeffrey Epstein [malito:jeevacation@gmall.com]
Sent: Tuesday, March 23, 2010 9:33 AM
To: David Stern
Cc:-
Subject: Re: Offer letter

posptone your trip to the state.. i have little time.. think about week of april 12 On Tue, Mar 23, 2010 at 9:22 AM, David Stern < wrote: IO%of my holding they need to keep 50.1% because they are a listed company

On 23 Mar 2010, at 13:19, Jeffrey Epstein wrote:

does the 10% relate to percent of your holdings or ten percent of the entire co. it says over as well.. very sloppy

On Tue, Mar 23, 2010 at 9:18 AM, David Stern < > wrote:

Thank you!

What do you suggest for the change you marked below? This is what I agreed with my team in Beijing.

of the 49.9% which we will not hold in the Acquisition Vehicle, you will transfer or grant options <mark>over up to 10% to existing management.</mark> (We should like to discuss with you the form of transfer of shares / grant of options to ensure that the existing management

team are fully tied in, in order to grow the Business in the medium term.)

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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>jecvacation(dgmail.corn</u> and destroy this communication and all copies thereof, including all attachments.

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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 e-mail to <u>jecvacation@gmail.com,</u> and destroy this communication and all copies thereof, including all attachments.