From: Jeffrey Epstein <jeevacation@gmail.com>

From: Jeffrey Epstein <jeevacation@gmail.com> To: Richard Kahn Cc: Harry Beller Subject: Date: Mon, 04 Mar 2013 11:52:22 +0000 > I.. though only three, all our other deals pay us 50 percent of mgmt fee, we are always 50 50 partners in everything pan pasu so this is strange. , never in only the investement. we never invest in fund of funds . threfore as we get what our partner gets we have never had to look at books. 2. ex. it seems unfair for us to pay full retail for fuel and then a fee on top of it to buy it. 3. no bad debt payback of fee . or lease commmsions though the tenant walks. ( not sure the system as structured isn't game-able, the leasing agent signs a bogus lease take s a full fee, and epstein gets bupkis. 4. edc requires 24 emplyess wil have 28. 5. IGY has taken over two and a half million dollars in fees and capital drawdowns and we have recived 250k. never entered into any deal like this, we are not retail investors. 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. copyright -all rights reserved EFTA00955443