To: David Stem From: Jeffrey Epstein Sent Mon 9/2/2013 1:21:41 PM Subject: Re: Term Sheet from Cantor Fitzgerald to Mr. T no , suggest a counter, fifty fifty split, first 1 millino to offset loan, no subs acting without written agreement as to fee and profits . no exclusivity, On Mon, Sep 2, 2013 at 9:13 AM, a wrote: Kill the whole thing ? PA lawyer is out of his depth. From: Jeffrey Epstein icevacationAgmail.com> Date: Mon, 2 Se 2013 09:11:03 -0400 To: David Stem Subject: Re: Term Sheet from Cantor Fitzgerald to Mr. T no predetermined split, and even then payments made only if they choose to? its crazy On Mon, Sep 2, 2013 at 9:04 AM, David Stem wrote: See attached term sheet from Howard to PA. I think madness. They are still at it. We kill it ? Begin forwarded message: From: Merkel, Stephen Sent: 30 August 2013 00:27 To: Charles Douglas; Libby Ferguson Subject: Term Sheet from Cantor Fitzgerald to Mr. T Charles and Libby Attached please find the draft term sheet. Please let me know when you would like to discuss it. Thank you Steve Merkel Sent from my BlackBerry 10 smartphone. From: Luffman, Jason Sent: Thursday, August 29, 2013 12:27 PM EFTA_R1_00431552 EFTA01958916