To: Jeffre E stein eevacationSgmailcom] Fran: Sent Mon 9/2/2013 1:22:59 PM Subject Re: Term Sheet from Cantor Fitzgerald to Mr. T Instead of 50/50, can we do 40/40/20 ? 20 for me.... This is original PA idea. From: Jeffrey Epstein <jeevacation®gmail.com> Date: Mon, 2 S 2013 09:21:41 -0400 To: David Stern Subject: Re: Term Sheet from Cantor Fitzgerald to Mr. T no , suggest a counter, filly fifty split, first 1 millino to offset loan, no subs acting without written agreement as to fee and profits . no exclusivity, On Mon, Sep 2, 2013 at 9:13 AM, wrote: Kill the whole thing ? PA lawyer is out of his depth. From: Jeffrey Epstein <jeevacation@gmail.com> Date: Mon, 2 Sep 2013 09:11:03 -0400 To: David Stern Subject: Re: Term Sheet from Cantor Fitzgerald to Mr. T no predetermined split, and even then payments made only if they choose to? its crazy On Mon, Sep 2, 2013 at 9:04 AM, David Stern wrote: Sec attached term sheet from Howard to PA. I think madness. They are still at it. We kill it ? Begin forwarded message: From: Merkel, Stephen Sent: 30 August 2013 00:27 To: Charles Douglas; Libby Ferguson Subject: Term Sheet from Cantor Fitzgerald to Mr. T Charles and Libby Attached please find the draft term sheet. Please let me know when you would like to discuss it. EFTA_R1_00431650 EFTA01958960 Thank you Steve Merkel Sent from my BlackBerry 10 smartphone. From: Luffman, Jason Sent: Thursday, August 29, 2013 12:27 PM To: Merkel, Stephen Subject: CONFIDENTIAL: This e-mail, including its contents and attachments, if any, are confidential. If you are not the named recipient please notify the sender and immediately delete it. You may not disseminate, distribute, or forward this e-mail message or disclose its contents to anybody else. Copyright and any other intellectual property rights in its contents are the sole property of Cantor Fitzgerald. E-mail transmission cannot be guaranteed to be secure or error-free. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission. If verification is required please request a hard-copy version. Although we routinely screen for viruses, addressees should check this e-mail and any attachments for viruses. We make no representation or warranty as to the absence of viruses in this e-mail or any attachments. Please note that to ensure regulatory compliance and for the protection of our customers and business, we may monitor and read e-mails sent to and from our server(s). For further important information, please SCC http:. .14/s w.\+- cantor.com lcual statement The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for EFTA_R1_00431651 EFTA01958961 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 pan 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_00431652 EFTA01958962