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From: Jeffrey Epstein <jeevacation mail.com> To: Erdoes, Ma E < > CC: Jes Staley Sent: 10/2/2011 1:08:03 PM Subject: Re: the comp issue is seperate.. the presentation , is not tailored to bill.. He is the only person , the only one, that counts. and the feedback is not good. Your side does not fully understand and cannot deal with the foundation internal politics. This is a deal that can only really be done with Jes directly with Bill.. The comp issue will be moot, anyway if this continues on this path. that being said, I see no reason that with a ramp up as you are aware will be the greatest between years 3 and 5. any deal should only be limited to the startup years. On Sun, Oct 2, 2011 at 2:00 PM, Erdoes, Mary E ‹ > wrote: Fm not follming your thoughts below. Everyone is marching together to create something very powerful and we till solve the comp issues. We worked on it this weekend and have sonic thoughts on taking your last proposal and using revs not profits and doing years 1-3. Not sure that makes this all only a 50/50 shot. ME Flom: Jeffrey Epstein Insilto:jeoacatioite pond cowl Sent: Sunday. October 02. 2011 07:45 AM lb: Erdoes. Man E: Staley. Jes Subject: I saw Bill on Aug 16.. that was a year after my raising with him the DAF idea for the first time. Since then , seperate from helping to tweak your presentation , there has been little interaction between your team and me. I was very cognizant re settling our legal issues to take that out of the equation. It is not going well. and at the moment the chances of success are 50/ 50 at best. that is down from 95-5. This is not about SOCIAL INVESTING ►********************************************************** 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 jeevacationeumail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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.jpmortum.com/pages/disclosures/email. SDNY_GM_00078606 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001733 EFTA_00189073 EFTA01301181 ---PAGE BREAK--- 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 jeevacationQuinail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved SDNY_GM_00078607 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001734 EF1'A_00189074 EFTA01301182