To: jeevaeationQgmail.com[jeevacation@gmail.com]; Jeffrey Epstein[eevacation@gmail.com] From: Paul S Barrett Sent: Thur 12/9/2010 4:30:51 PM Subject: RE: Oil $30,000 — $119,000 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Thursday, December 09, 2010 11:27 AM To: Paul S Barrett Subject: Re: Oil no the range of the calls On Thu, Dec 9, 2010 at 11:25 AM, Paul S Barrett <paul.s.barrett@ipmorgan.com> wrotc: 90.85 on the 7' ' of Dec Range has been 80 — 90.85 over the past 30days EFTA_R1_00491436 EFTA01996729 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:jeevacationnnail.coml Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil how high did it get in the past two weeks„ On Thu, Dec 9, 2010 at 11:06 AM, Paul S Barrett <paul.s.banett@jumorgan.com> wrote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. New risk reversal would be: Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put EFTA_R1_00491437 EFTA01996730 Both cashless I like the I" strategy Paul Barrett, CFA Managing Director Global Investment Opportunities Group 1PMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 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 at http://www.ipmoraan.com/pages/disclosurcs/cmail. 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 EFTA_R1_00491438 EFTA01996731 return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. 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 at http://vvww.jpmorgan.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_R1_00491439 EFTA01996732