From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: David Stern Subject: Re: NJ : Date: Wed, 23 May 2012 10:39:32 +0000 david„call me On Wed, May 23, 2012 at 9:15 AM, David Stem < Can this be used as security for Merkin 9 All below in Chinese RMB. Begin forwarded message: From: Xin Wang Subject: SX: Wit : info Date: 23 May 2012 02:57:38 GMT+01:00 To: David Stern Cc: Queenie Xiao >, Yidong King ic:I=MI > wrote: David, Till now book value of fixed assets is CNY1,836,524, which deduct depreciation from original value, breakdown as below: Items Original Value Depreciation Book Value Office Equipment 61,771 13,363 48,408 Computer 382,928 136,325 246,603 Furniture 585,294 90,166 495,128 Data center 1,381,112 343,800 1,037,312 Other IT Equipment 13,937 4,864 9,073 2,425,042 588,518 1,836,524 a Regards, Cindy David, Purchase plan for 2013 of Fixed Assets include four parts: Headquarters, DCC office setup, Data warehouse DPC (hosting server at Beijing), Data warehouse DCC, as below. The yellow items could be used as security...? Headquarters Computer equipment 161,500 Infrastructure - Office furnishings - Office decoration - MIS development 750,000 Intangible assets Total headquarters 911,500 EFTA00935135 DCC office Computer equipment 1,773,650 Infrastructure 4,897,445 Office furnishings 6,300,000 Office decoration 6,300,000 Deferred expenses MIS development - Total DCC office 19,271,095 Data warehouse DPC Software license 2,558,900 Intangible assets Hardware procurement 2,750,000 Development and maintenance 3,912,756 Deferred expenses Total DW DPC 9,221,656 Data warehouse DCC Software license 2,791,354 Intangible assets Hardware procurement 17,757,000 Development fee - Call center 5,000,000 Data center - 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. copyright -all rights reserved EFTA00935136