EFTA02412002

To: Jeffrey EpsteinUeevacation©gmail.com]; David Stern From: David Mitchell Sent: Wed 6/23/2010 1:30:47 PM Subject: RE: The portfio of my company seventides Assuming that all the numbers are correct and the inter company are appropriate ,how does this justify the value of what it is today?Some work has to be done on the "real" value not what was spent. The Lake Tower has been stalled since September my and is far from a completed building. Do not know if you saw the tab in the excel it is called "Value Russians". CONTACT INFORMATION BELOW DAVID MITCHELL Mitchell Holdings LLC 41 East 60th street New York NY 10022 USA From: Jeffrey Epstein [[email protected]] Sent: Wednesday, June 23, 2010 7:49 AM To: David Stern; David Mitchell Subject: Fwd: The portfio of my company seventides Forwarded mcssa c From: Mobile Me Date: Mon, Jun 21, 2010 at 12:00 PM Subject: The portfio of my company seventides To: Jeffrey Epstein <jeevacationegmail.com> EFTA_R1_01473533 EFTA02412002 Dear Jeffrey PI see attachment showing project wise cost details Summary given below All cost are on UAE Dirhams Total project cost (Oceans Hotel, IBN Batootah Gate Hotel Office Appartment Complex, Royal Amwaj Hotel) adding identified variations DH5.040 billion Expected variations in construction, hotel pre-opening and finance DH 0.272 billion Jumaira Lakes Towers hotel appartment and office cost incurred( construction was stopped due to finace DH 0. 274 billion Project management cost to SevenTides DH 0.319 billion Cost of land on May 06 valuation DH 1.577 billion EFTA_R1_01473534 EFTA02412003 Total cost AdEI) 7.482 50% of cost Aed: 3:741billion = 11881.023 billion. DISCLAIMER**** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change.The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication,nor for any delay in its receipt or damage to your system.The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimise the risk. t*ItIt** - 1..*ItleflIti.**********tlet*Ielt The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA_R1_01473535 EFTA02412004 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 jeevacation@ gmail.com and destroy this communication and all copies thereof, including all attachments. EFTA_R1_0 1473536 EFTA02412005