From: "Barrett, Paul S" To: Jeffrey Epstein <jeevacation@gmail.com> CC: "Giufirida, David J" <i Subject: RE: Date: Mon, 16 Jul 2012 19:58:09 +0000 Jeffrey Here is a sample portfolio per your request. The below portfolio has the following characteristic: Unlevered yield: 8.83% Leverage Used: 16% (borrowed at 3M Libor + 100bps) Leveraged Yield: 10.00% Leveraged Notional: 116% ($116,000,000) ® Returns for DoubleLine and Blackstone GSO are purely estimates JPM High Yield Bond Fund RBS 7.25% Pfds Ally B Pfds Rabobank 8.40% Pfds Bank of America 8.125% Pfd GE 7.125% Pfd ee ee PDVSA 5% 2015 (USD Denominated) 11.75% BRL Linked Market Plus Note (8% coupon / 25% At expiry Buffer) a SP500 Linked CBEN (10% Coupon / 10% cap / 23% buffer) 11.60% Apple Linked CBEN (10% coupon / 20% Cap / 20% At expiry Buffer) 10.00% Starbucks Linked CBEN (11% coupon/15% cap/20% At expiry Buffer) Oil (Brent) Linked CBEN Note (13% coup/20% buff) 13.00% DoubleLine Mortgage Fund 17.40% 12.00% Blackstone GSO Rescue Lending Fund 11.60% I I Leverage Borrow using a line of credit at a rate of A Borrowed Amount Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank FS “ EFTA00712295

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From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Sunday, July 15, 2012 7:58 PM To: Barrett, Paul S Subject: I would arpeciate it if someone in your shop put together a sample portfolio of funds and products for a 100 million dollar. structured to yield about 10% FESS SEARS ESSA ARE ERASE ERASE SERA ESS ERASE SE SHAAS SEES 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 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. jpmorgan.com/pages disclosures email EFTA00712296