From: David Stern

From: David Stern To: Jeffrey Epstein <[email protected]> Subject: Re: Date: Sun, 20 May 2012 15:46:20 +0000 I will also send you the $ value of planned fixed assets (servers, equipment, etc) that Merkin can use as "security" ? On 20 May 2012, at 15:40, Jeffrey Epstein wrote: how. how many cities when do they sigh up„ who signs them up? etc On Sun, May 20, 2012 at 4:39 PM, < > wrote: We go from E - 30m to E + 60m because we cover so many cities so quickly. We can slow down the roll out which will change this, and then speed it up once we have Chinese ownership in 2014/15 ? From: Jeffrey Epstein <[email protected]> Date: Sun, 20 May 2012 16:00:43 +0200 To: David Stem< Subject: Re: AV Interiors call apt On Sun, May 20, 2012 at 3:57 PM, David Stem < > wrote: As shareholder with 10m - 20m yes, but not full JV (in fact Merkin said when he is in these guys (United Health) will come in because they always want to co- invest with him) Can not do N politically and don't need them technology wise: 1. What they (HP, IBM, Optum) can offer is of limited value, vanilla applications for the US and other int. markets which are good and useful but not rocket science (cost containment, anti-fraud, etc). 2. We will build a Chinese healthcare payor focused services platform (taking into account and using what has existed for a long time outside of China by those tech companies) that will be handed over to Chinese majority ownership then IPO. It must become a Chinese owned business with no global technology company as shareholder or exclusive/ JV partner because of several reasons incl. Chinese fear of corruption and face. ("why have you chosen IBM or HP or Optum Insight JV Company as your service provider? How much have they bribed you? Why HP and not IBM?" etc.) We are below the radar, home grown, aligned with government policy and (i.e. fast roll out), with management team of former senior government officials. On 20 May 2012, at 14:07, Jeffrey Epstein wrote: so why don't you join venture with them. they have everything you need it seems? On Sun, May 20, 2012 at 2:59 PM, David Stem < > wrote: EFTA00935350 This is the full financial model as we have used until now. I am now preparing a brief presentation with the goal that a 12 year old understands what we are doing. Generally not easy to describe, see US example of similar business: httplAvww.optuminsight.corni On 21 May 2012, at 06:08, Jeffrey wrote: > Biz numbers??? > Sorry for all the typos .Sent from my iPhone > On May 20, 2012, at 4:23 AM, David Stem >> http://www.axel-vervoordt.corn/ wrote: *********************************************************** 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 *********************************************************** 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 EFTA00935351 destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 EFTA00935352