DS9 Document EFTA00963411

From: To: "Jeffrey Epstein" <jeevacation®gmail.com> Subject: Fw: AG China Date: Mon, 17 Jun 2013 16:30:29 +0000 Importance: Normal Original Message From: Richard Merkin an> Date: Mon, 17 Jun 2013 09:29:18 To: 'David Stern' Subject: RE: AG China David, I remember last time you thought I may be requiring too much for the investment. I don't have at my fingertips what you thought was too much. I know you currently have 100% of the company, what do you suggest would be an appropriate equity stake that you think I would feel would be fair and appropriate for me to invest? If this is something agreeable, I would be happy to meet and discuss further. Maybe another Lakers game? Or even a Dodgers game. Original Message From: David Stem [mailto Sent: Monday, June 17, 2013 9:18 AM To: Richard Merkin Subject: Re: AG China Apologies for the late reply, I just returned from China. Main progress is that the product is finalised ("Health Insurance Information Processing and Analytics System"). It has been approved by the central government and we are on the way of becoming national standard for payment processing based on our data standardization engine. We will have our first government contract with Chengdu by latest November this year. Next year we expect to be in minimum additional 5 cities. I have several interesting term sheets for what is now a minor investment (US$ 5 million) as this allows us to complete the full Center we are building in Chengdu. So far we spent US$ 8m with approx US$ 4m still in cash in the company. Your involvement in any way of form would still be an honour ! On 11 Jun 2013, at 18:26, Richard Merkin wrote: > Good to hear from you, how are things going? Interested to hear about the progress you've been making. > Original Message > From: David Stern [mailto: > Sent: Tuesday, June 11, 2013 3:37 AM EFTA00963411 > To: Richard Merkin > Subject: Re: AG China > Dear Dick, > I hope this mail finds you well and I am sure you have nice sunshine in California than we have here in miserable London.... > Just wanted to catch up and see how you are? > Our business in China is moving forward very well and we are finalising the products for end of year launch. > As ever, I do hope we can do something together in the not too distant future. > Always an honour to listen to your advice and guidance. > All the best, > David EFTA00963412