From: "Rich Kahn" <1

From: "Rich Kahn" <1 To: "Jeffrey Epstein" <[email protected]> Subject: RE: Date: Wed, 27 Oct 2010 15:52:19 +0000 To me value of his company is the tax benefits of all prior year losses. Would purchase be a bankruptcy sale to clean out all equity and debt holders? If you would be buying company I would want: Copies of all promissory notes Copies of Series A,B,C financing Details of investment from Burda and National Geographic Last three years tax returns for all entities General Ledger for all entities for last 3 years Partnership or operating agreements for all entities Payroll records and tax returns filed Copy of their office lease Employment agreements / Adam compensation package Arrangement with factor How they plan on operating without a cash infusion as company is out of money Cash flow projections by month for each of 3 entities for 2011 & 2012 What concerns me is that if this company does not wipe out all debt and existing equity positions it will never make enough money to be of value to you. Rich Kahn HBRK Associates Inc. 301 East 66th Street, Suite 10F EFTA00753491 New York, NY 10065 tel fax cell From: Jeffrey Epstein [mailto:[email protected] Sent: Wednesday, October 27, 2010 11:04 AM To: Rich Kahn Subject: Re: imagine we are going to buy it what would we need from themm ,how was the office space yesterday On Wed, Oct 27, 2010 at 10:59 AM, Rich Kahn > wrote: I have reviewed numbers and as suspected company has no cash and is loaded with debt. That is quite evident as they can barely make a 6,000 interest payment to you. I am free to discuss with you whenever you would like. I have about 20 questions for their controller as numbers are not clear at all. Is there a particular emphasis of this company that you would like me to focus on when I call them. Is this regarding converting your loan to equity? Please advise Rich Kahn HBRK Associates Inc. 301 East 66th Street, Suite 10F New York, NY 10065 tel fax cell From: Jeffrey Epstein [mailto:jcevacation®gmail.com] Sent: Wednesday, October 27, 2010 9:32 AM To: Rich Kahn Subject: Fwd: EFTA00753492 77?? Forwarded message From: Adam Bly Date: Wed, Oct 27, 2010 at 9:25 AM Subject: Re: To: Jeffrey Epstein <[email protected]> vera sent them to rich on friday... On Oct 27, 2010, at 9:24 AM, Jeffrey Epstein wrote: i am still awasiting real professionaly presented numbers On Wed, Oct 27, 2010 at 9:23 AM, Adam Bly > wrote: business picking up... just closed another contract this morning.... $60K from amway... they called us because of what they saw we did for GE with visualizing.org.... took 24 hours to close 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. 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 EFTA00753493 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 [email protected], and destroy this communication and all copies thereof, including all attachments. 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 [email protected], and destroy this communication and all copies thereof, including all attachments. EFTA00753494