To: Erdoes, Mary E From: Jeffrey Epstein Sent Wed 9/28/2011 9:56:54 AM Jes Staley The proposal that Bill gets reduced fees , and then channels the discount to me, is an idea that is still born for many of the reasons that we discussed. I think the solution is quite simple. JPM engage an entity , ( a law firm , bank, trust co .etc ) that it pays a percentage of its profits on the DAF every year. This amount could be supplemented or decreased by other business directly related to that entity ( kazzak govt for example ).. The only issues would be what type of entity and the relevant rules and reporting requirements. and the amounts and how they are calculated. AS I had proposed , I stand willing to pay my share of costs . legal etc. / An early iteration was that A bill entitty simply hired JPM to do the administration for his DAF. I didn;t think that was the right structure, as the profits would mostly stay in his entity, but maybe that can be revisited. 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 icevacationgsmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00248656 EFTA01853223