EFTA Document EFTA01759807

From: Hosain Rahman Sent: Monday, July 8, 2013 11:58 PM To: Jeffrey Epstein Subject: Re: Yeah = know ;-) We had him independently take a look for us...just as a check =oint. On Jul 8, 2013, at 4:56 PM, Jeffrey =pstein <[email protected]> =rote: jes staley is no longer at jpm, he =eft months ago <mailto On Mon, Jul 8 2013 at 7:46 PM, Hosain Rahman =span dir="ltr" > wrote: So sorry - thought I had responded to =our first mail on this last week and then realized it was sitting in my =rafts folder. My bad. We have a number of folks lined up to do the next =ound who are waiting to see us. We =ecided on two things relative to the fund raise: 1. We would wait for the BodyMedia =ransaction to close (the company we bought in Pittsburgh) 2. I wanted my new President to start. (I hired =indy Mount from MSFT). She was CFO of the devices (xbox, phones, =urface) division and then after CFO of the Internet Services division =Bing, etc). I talked to everyone at MSFT about Mindy, she had amazing =eferences. We just got approval from the State of California =nd so the BodyMedia transaction is closing in about 10 =ays. Mindy started a week and half ago. =o far she's been great. She is going to supercharge our finance and =perations/supply chain organizations. In the meantime we have had crazy demand for UP. We =ad 1.6M units on order for the 2nd quarter but due to capacity and =orking capital constraints we were only able to build' 410k =nits. So in order to address the working capital situation JP =organ has helped put together a really interesting debt financing. =immy Lee over there led the effort. We had our friend Jes Staley look =ver the deal and he thinks it's a good one for the Company. We have signed the term sheet for this deal and are =argeting a close by 7/19. There are three =arts to it: EFTA_R1_00063784 EFTA01759807 1. Mezzanine debt instrument for -50m 2. Asset Based facility for $75m 3. Our 4 major investors =re putting in $5m each for a total of $20m that converts straight into =he next equity financing round at the same terms of that sound Part 3 is set to close =omorrow. Part 1 is set to close 7/19. JP =organ is trying to march Part 2 being set up by the date as well but it =ould be later in July. let me know if you have any =uestions. Thanks, Hosain</=iv> On Jul 8, 2013, at 4:09 PM, =effrey Epstein <[email protected] <mailto:[email protected]» wrote: where are you with =unding? The =nformation contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is intended only for the use of =he addressee. It is the property of Jeffrey Epstein Unauthorized =se, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this communication in =rror, please notify us immediately by return e-mail or by e-mail to =a href="[email protected]" =arget="_blank">[email protected], and destroy this communication and all copies thereof, including all =ttachments. copyright -all rights reserved The =nformation contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is intended only for the use of =he addressee. It is the property of Jeffrey Epstein Unauthorized =se, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this 2 EFTA_R1_00063785 EFTA01759808 communication in =rror, please notify us immediately by return e-mail or by e-mail to =a href="[email protected]" =arget="_blank">[email protected], and destroy this communication and all copies thereof, including all =ttachments. copyright -all rights reserved 3 EFTA_R1_00063786 EFTA01759809