From: Jeffrey Epstein <jeevacation®gmail.com>
To: Hosain Rahman <hrahman@jawbone.com>
Subject: Re:
Date: Mon, 08 Jul 2013 23:56:15 +0000
jes staley is no longer at jpm, he left months ago
On Mon, Jul 8, 2013 at 7:46 PM, Hosain Rahman <hrahman@jawbone.com> wrote:
So sorry - thought I had responded to your first mail on this last week and then realized it was sitting in my
drafts folder. My bad.
We have a number of folks lined up to do the next round who are waiting to see us.
We decided on two things relative to the fund raise:
I. We would wait for the BodyMedia transaction to close (the company we bought in Pittsburgh)
2. I wanted my new President to start. (I hired Mindy Mount from MSFT). She was CFO of the devices (xbox,
phones, surface) division and then after CFO of the Internet Services division (Bing, etc). I talked to everyone
at MSFT about Mindy, she had amazing references.
We just got approval from the State of California and so the BodyMedia transaction is closing in about 10
days.
Mindy started a week and half ago. So far she's been great. She is going to supercharge our finance and
operations/supply chain organizations.
In the meantime we have had crazy demand for UP. We had 1.6M units on order for the 2nd quarter but due to
capacity and working capital constraints we were only able to build — 410k units.
So in order to address the working capital situation JP Morgan has helped put together a really interesting debt
financing. Jimmy Lee over there led the effort. We had our friend Jes Staley look over the deal and he thinks
it's a good one for the Company.
We have signed the term sheet for this deal and are targeting a close by 7/19.
There are three parts to it:
I. Mezzanine debt instrument for $50m
2. Asset Based facility for $75m
3. Our 4 major investors are putting in $5m each for a total of $20m that converts straight into the next equity
financing round at the same terms of that round
Part 3 is set to close tomorrow.
Part 1 is set to close 7/19. JP Morgan is trying to march Part 2 being set up by the date as well but it could be
later in July.
Let me know if you have any questions.
EFTA00873370
Thanks,
Hosain
On Jul 8, 2013, at 4:09 PM, Jeffrey Epstein <jeevacation@gmail.com> wrote:
where are you with funding?
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 jea®gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
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 jeevacation®gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA00873371