<table><tr><th>From:</th><th>David Stern</th></tr><tr><td>Sent:</td><td>Thursday, April 9, 2015 9:17 AM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

last open point before term sheet can be signed:

KB Group, (400mm listed =ntity), owns various assets including KB Bank, KB =sset Management, KB Services etc Investor will =cquire up to 49% in KB Bank in order to strategically grow the global =dvisory & corporate finance business.

Investor wants that KB Bank is =nbsp;the only entity that is allowed to do advisory work under the KB =rand. Rationale is mainly based on if success and =ay in 5 years KB Group management decides to simply set up another =ntity under KB Group directly called KB Advisory, the investor is =asically cut out

KB Groups says it can not grant this exclusive right to KB =ank as it would cut the rights of the shareholders in KB =roup

What to =o ??
Thanks!

On = Apr 2015, at 23:19, jeffrey E. <jeevacation@gmail.com> wrote:

now?

On Wed, Apr 8, 2015 at 3:06 PM, =avid Stern ████████████████████████ wrote:

Tried calling

On 8 Apr 2015, at 16:24, =effrey E. <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

now

On Wed, Apr 8, 2015 at 9:34 AM, David Stern wrote:

When can I call you =

please note

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## please note

The information contained in this =ommunication is confidential, may be attorney-client =rivileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the =roperty of JEE

Unauthorized use, disclosure =r copying of this communication or any part thereof is =trictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved