From: Paul Morris Sent: 10/27/2014 1:03:22 PM To: Tazia Smith CC: MG [- Subject: Re: Fw: Marina REIT [C] Classification: Confidential pls don't get back to him on this until we talk and i do a little work, he may be thinking this for a client, let's talk later or tomorrow Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York. NY 10154 From: Tazia Smit To: "Paul Morris" Cc: "MG" cmatt.glassman@db.com> Date: 10/27/2014 01:00 PM subject: Fw: Marina REIT [C] classification: confidential Give me a call. He's got so much cash in house that, if he's borrowing recourse, it makes more sense for him to do non purpose loan w u and use proceeds to buy this...vs specific collateral/LTV. He could borrow 20 and invest 20 in this... 20mm will include warrants and fee break incentives as well Tazia Smith Director Key client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154 From: Tazia smith sent: 10/27/2014 12:56 PM EDT To: "jeffrey epstein" <jeevacation@gmail.com>; matt Glassman CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114937 CONFIDENTIAL SDNY_GM_00261121 EFTA01455915