From: Jeffrey Epstein <jeevacation@gmail.com> Sent: Wednesday, September 28, 2011 9:57 AM To: Erdoes, Mary E; Jes Staley The proposal that Bill gets reduced fees, and then channels the discount t= me, is an idea that is still born for many of the reasons that we discuss=d. I think the solution is quite simple. JPM engage an entity , ( a =aw firm , bank, trust co .etc ► that it pays a percentage of its profit= on the DAF every year. This amount could be supplemented or decreased =y other business directly related to that entity ( kazzak govt for exam=le ).. The only issues would be what type of entity and the re=evant rules and reporting requirements. and the amounts and how they are c=lculated. AS I had proposed , I stand willing to pay my share of costs . l=gal etc. / An early iteration was that A bill entitty simply hire= JPM to do the administration for his DAF. I didn;t think that was the =ight structure, as the profits would mostly stay in his entity, but mayb= that can be revisited. T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of Jeffrey Epstein Unau=horized use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have received t=is communication in error, please notify us immediately by return e-mail or=by e-mail to je=vacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies trereof, including all attachments. copyright -all rights reserved 1 EFTA_R1_01698052 EFTA02545007