Phone On May 23, 2012, at 3:15 AM, David Stem Can this be used as security for Merkin 9 All below in Chinese RMB. Begin forwarded message: From: Xin Wang c Subject: MIt: : info Date: 23 May 2012 02:57:38 GMT+01:00 To: David Stern Cc: Queenie Xiao < David, > > , Vidong King wrote: Till now bo

May 23, 2012, at 3:15 AM, David Stern wrote: Can this be used as security for Merkin 9 All below in Chinese RMB. Begin forwarded message: From: Xin Wang Subject: R: ?gX : info Date: 23 May 2012 02:57:38 GMT+01:00 To: David Stem Cc: Queenie Xia Yidong King David, Till now book value of fixed

sheet Attachments: Management Account_Feb2011.xlsx; Untitled attachment 00060.htm attachment. Cindy g35111g% -br>in A: David Stern ledeF=C8? Xin Wang *A: Queenie Xiao; Alexis Zhu ta= management account & balance sheet =br>Mglilfd: 201143A 306 2:47 Cindy, Please send me =ost current and updated

Begin forwarded message: From: "Xin Wang" Date: 30 March 2011 02:30:19 GMT+01:00 To: "'David Stern" Cc: "'Queenie Xiao"' < "'Alexis Zhu"' Subject: WI: management account & balance sheet

On May 23, 2012, at 3:15 AM, David Stern < Can this be used as security for Merkin....? All below in Chinese RMB. Begin forwarded message: From: Xin Wang., > Subject: *1 : * 1 : info Date: 23 May 2012 02:57:38 GMT+01:00 To: David Stern < > Cc: Queenie Xiao < David, > wrote: > >, Yidong King