To: Jeffrey Epsteinfieevacation©gmail.corn] From: David Stern Sent: Wed 5/23/2012 7:15:32 AM Subject: Fwd: fAL : Can this be used as security for Merkin 9 All below in Chinese RMB. Begin forwarded message: From: Xin Wang <E M Subject: WE: : info Date: 23 May 2012 02:57:38 GMT+01:00 To: David Stern Cc: Queenie Xiao David, Yidong King 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 Total 2,425,042 588,518 1,836,524 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 EFTA_R1_00295778 EFTA01882232 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 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 1,7501M0 Development and maintenance 3,912,756 Deferred expenses Total DW DPC 9,221,656 Data warehouse DCC Software license 2.791,354 Hardware procurement 17,757,000 Development fee - Call center 5,000,000 Data center - is EFTA_R1_00295779 EFTA01882233