From: Jeffrey Epstein <jeevacation(rgmail.com> To: Sultan Bin Sulayem Subject: Re: Date: Tue, 08 Dec 2009 01:22:18 +0000 I would move the paragraphs with the explanation of why, to the top. . I would leave out the details. ask for a face to face meeting, and state the situation is dire, but i am commited to attempting to meet these outstanding obligations. I will work with you on an alternative structure, and would appreciate a suggestion. On Mon, Dec 7, 2009 at 2:19 PM, Sultan Bin Sulayem < > wrote: Dear Jeffrey This is a draft letter I want to send to the bank ,please let me know if it's ok Sultan 8 December 2009 Emirates NBD Post Box 177 Dubai United Arab Emirates Dear Sirs Seven Tides Ltd - Term Loan Facility I refer to the Term Loan Facility availed from the syndicate of banks led by you and also a letter received from a participant bank, Abu Dhabi Commercial Bank, dated 29 September2009. Firstly I wish to apologise for the delay in responding to you. The reason for this wasbecause I wanted to reach a conclusion in relation to certain proposals we were actively pursuing that would have optimized the liquidity situation for the company. The following proposals were being considered: 1) We were in serious discussions with an investor for an equity participation of US $500 million. 2) We were also in active discussions for the provision of a bridge loan facility from certain banks. 3) We were hoping to get the Building Completion Certificate (BCC) for Oceana in early November, which would have then allowed us to collect theoutstandings due to us under that project as well launch the sale of the unsold units. (In fact November 2009 showed considerable increase in volume of sales in Oceana.) Unfortunately, recent developments have resulted in suspension of step 1, cancellation of step 2 and, due to many reasons mainly relating to requirements of the civic authorities, step 3 has also been delayed. We are now expecting