To: Jeffrey EpsteinUeevacationagmail.comj From: Paul S Barrett Sent Thur 12/9/2010 4:25:43 PM Subject RE: Oil 90.85 on the Th of Dec Range has been 80 - 90.85 over the past 30days Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (W) (F) From: Jeffrey Epstein [mailto:jeevacation©gmail.com] Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil homillighdiditgetinthepastovoNvecks, ChIniu,Dec9,2010at11:06AM,PaulSBarrettarote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. New risk reversal would be: EFTA_R1_00208436 EFTA01831423 Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put Both cashless I like the 1" strategy Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPI4organ Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 (W) (F) This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, EFTA_R1_00208437 EFTA01831424 confidentiality, legal privilege, and legal entity disclaimers, available at http://www.ipmorgan.com/pages/disclosures/email. 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. EFTA_R 1_00208438 EFTA01831425