To: David Stem From: Jeffrey Epstein Sent Tue 2/1/2011 4:02:55 PM Subject: Re: Checking in I did my best , not to be harsh.. I think there is great opportunity, but it MUST be cloaked with a Chinese face. I was open and direct, and thought emilio , thought at first hestant , at least to my eyes appeared at the end to be receptive/. On Tue, Feb 1, 2011 at 11:00 AM, David Stern <d > wrote: Begin forwarded message: From: "Staley, Jes" Date: 31 January 2011 21:22:17 GMT To: Subject: Checking in David, How did it go with the Morgan crowd? Best, les Jes Staley I Chief Executive Officerl Investment Bank I l.P. Morgan 1270 Park Avenue, 48th Floor I T: +1 212 270 2375 I jes.stalev@ipmoroan.com 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, confidentiality, legal privilege, and legal entity disclaimers, available athun //www.ipmoman.cominades/disclosures/email. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA_R1_00213276 EFTA01834313 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 EFTA_R1_00213277 EFTA01834314