To: jeevacation©gmail.compeevacation@gmail.com]; Jeffrey Epsteinbeevacation©gmall.corn] From: David Stem Sent Mon 1/16/2012 6:48:00 PM Subject: Re: The deal idea following today's meeting: Create two classes of shares: Full voting A shares for me 49%, and non voting B shares for them. The B shares have the characteristics of debt only. The company takes on a loan of 52.4m repayable in 7 - 10 years at 0% interest. To level it out the interest rate of the $16m loan will be lowered so the 52.4m is recouped. What do you think? On 16 Jan 2012, at 18:37, Jeffrey Epstein wrote: yes,but i think he will be in asia On Mon, Jan 16, 2012 at 7:30 PM, David Stem wrote: Should I write to Jes saying I will be in NYC on 24 & 25 January ? 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 jecvacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00534896 EFTA02026825