EFTA01759699.pdf

From: liosain Rahman Sent: Monday, July 8, To: Jeffrey Epstein Subject: Re: So =orry - thought I had responded to your first mail on this last week and =hen realized it was sitting in my drafts folder. My =ad. We have a number of folks lined up to =o the next round who are waiting to see =s. We decided on two things relative to =he fund raise: 1. We would wait for the =odyMedia transaction to close (the company we bought in =ittsburgh) 2. I wanted my new President to =tart. (I hired Mindy Mount from MSFT). She was CFO of the devices =xbox, phones, surface) division and then after CFO of the Internet =ervices division (Bing, etc). I talked to everyone at MSFT about Mindy, =he had amazing references. We just got =pproval from the State of California and so the BodyMedia transaction =s closing in about 10 days. Mindy =tarted a week and half ago. So far she's been great. She is going to =upercharge our finance and operations/supply chain =rganizations. In the meantime we have =ad crazy demand for UP. We had 1.6M units on order for the 2nd quarter =ut due to capacity and working capital constraints we were only able to =uild - 410k units. So in order to =ddress the working capital situation JP Morgan has helped put together = really interesting debt financing. Jimmy Lee over there led the =ffort. We had our friend Jes Staley look over the deal and he thinks =t's a good one for the Company. We have =igned the term sheet for this deal and are targeting a close by =/19. There are three parts to =t: 1. Mezzanine debt instrument for =50m 2. Asset Based facility for $75m 3. Our 4 major =nvestors are putting in $5m each for a total of $20m that converts =traight into the next equity financing round at the same terms of that =ound 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 =ou have any =uestions. Thanks, Hosaingriv> EFTA_R1_00063633 EFTA01759699 On Jul 8, 2013, at 4:09 PM, =effrey Epstein <[email protected]> =rote: where are you with funding? 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="mailto:[email protected]" =arget="_blank">[email protected], and destroy this communication and all copies thereof, including all =ttachments. copyright -all rights reserved 2 EFTA_R1_00063634 EFTA01759700