From: Richard Merkin Sent: Thursday, October 11, 2012 1:53 PM To: 'Jeffrey Epstein' Subject: RE: INTERESTI=G THOUGHT AS A BACK UP. HOW BEST TO EXECUTE? IS JPM BEST FOR THIS OR OTHER=? RESTRICTIVE COVENANTS? EBITDA MULTIPLE? RATE? Jeffrey Epstein [mailto:[email protected] Sent: T=ursday, October 11, 2012 4:28 AM To: Richard Merkin Subjec=: <1=> at these interest rat=s, why don't you leverage your own operation, soverign wealth =unds , can buy notes , debt m but will not want to be invlolved in operati=ns , espeoncialy one so dependent on you. The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for Jeffrey Epstein Una=thorized use, disclosure or copying of this communication or any part t=ereof is strictly prohibited and may be unlawful. If you have received =his communication in error, please notify us immediately by return e=mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all =opies thereof, including all attachments. copyright -all rights reserve= EFTA_R1_00076458 EFTA01767272