From: Jeffrey Epstein <jeevacation@gmail.com> To: Richard Merkin Subject: Re: Date: Thu, 11 Oct 2012 14:15:38 +0000 longer discussion. I want you to exhaust your current plans first , as you seem determined, On Thu, Oct 11, 2012 at 3:53 PM, Richard Merkin < > wrote: INTERESTING THOUGHT AS A BACK UP. HOW BEST TO EXECUTE? IS JPM BEST FOR THIS OR OTHERS? RESTRICTIVE COVENANTS? EBITDA MULTIPLE? RATE? From: Jeffrey Epstein [mailto:jeevacation@gmail.com Sent: Thursday, October 11, 2012 4:28 AM To: Richard Merkin Subject: at these interest rates, why don't you leverage your own operation, soverign wealth funds , can buy notes , debt m but will not want to be invlolved in operations , espeoncialy one so dependent on you. 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 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 EFTA00945544 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 EFTA00945545