EFTA02426441

To: Jeffrey [email protected]] From: David Stern Sent: Tue 3/23/2010 1:22:15 PM Subject: Re: Offer letter 10% 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 Tuc, 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 over up to 10% to existing management. (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.) 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 EFTA_R1_01495300 EFTA02426441 *********************************************************** 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 thcrcof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return c-mail or by c-mail to jec% acation6/ Qmail.coni, 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 EFTA_R1_01495301 EFTA02426442