EFTA01804461.pdf

From: Rich Kahn Sent: Friday, December 10, 2010 6:51 PM To: Jeffrey Epstein Subject: re: Board call - Seed Attached is email I sent to you earlier this am and Adam email summarizing board call Please advise From Date: Fri, 10 Dec 2010 11:14:09 +0000 To: Jeffrey Epstein<[email protected]> ReplyTo: Subject: Re: Spoke with Adam Bly last night for an hour. He seemed to be agreeable with almost all of my tough terms of a deal. I plan to speak with him again this am at 9am before his board call at 1030am. I have two areas to kill deal. A) deal size to small to make a difference to you plus the amount of time I must spend to baby this is a poor use of my time 8) 1mm cash for 5lpercent should be 75 to 80 percent due to accrued liabilities and bankruptcy costs. Please advise Sent from my Verizon Wireless BlackBerry Rich Kahn HBRK Associates Inc. 301 East 66th Street, Suite 10F New York, NY 10065 Original Message From: Adam Bly [mato Sent: Friday, December 10, 2010 1:38 PM To: Rich Kahn Subject: Board call Rich, The Board call went very well and I wanted to report back to you. We have unanimous consent to move forward with a financing of $1.0-1.5 million for 51%-60%. I have a follow up call scheduled with Jimmy Gould for Monday morning at 10am to discuss the deal, name Jeffrey as the investor, review terms in general -- assuming that timing works for you and Jeffrey -- and make the connection between you and Jimmy to take things forward. EFTA_R1_00149905 EFTA01804461 Jimmy and Jeffrey have spoken in the past so I believe there is an existing level of mutual respect. David Peterson has also volunteered to help with closing. Jimmy was enthusiastic about the improving revenue picture (and even volunteered to make a connection to the family that owns Amway to help us with 2011 contracts), and sounded very level-headed about dilutive terms and ready to swallow hard and make this happen. So a very positive morning I think. Let me know if you'd like to speak and get any more details. I'm back in the office and available the rest of the afternoon. Best, Adam <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> <plist version=.0"> <dict> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1292007060</integer> <key>flags</key> <integer>8623750145</integer> <key>gmail-label-ids</key> <array> <integer>22</integer> <integer>2</integer> </array> <key>remote-id</key> <string>121990</string> </dict> </plist> 2 EFTA_R1_00149906 EFTA01804462