From: jeffrey E. <[email protected]> Sent: Thursday, February 16, 2017 2:01 AM To: Jeffrey Epstein Subject: Fwd: from the email jan of 2016 LAST YEAR transaction complete.!! in June and then a=ain Sept, we both agreed to a 50% of phaidon payout., then only after weeks, when you delayed any detailed=20 discussion of money wanting to give the issue a thoughtful resp=nse ( which I fully understand ► . you unilaterally changed changed our agreement. . Sm would be reserved for the future ? . and out of=the remaining 15m ,? i would receive only a third. ( note : lim=confident that both the debt , and the artspace investment will also lead to a write off of another 30 m. plus=C2 ) In my dining room ,you were surprised when I said that i require most=20 people to pay their advisory fee up front so that I am assured =hat I will be properly compensated for my work when strategies are implemented . you may recall that you appeared offended a=d said " are you suggesting that i would go back on my word " I said no = of course not ! you are my closest of friends ,but my experience is that=C2 when amounts get large, people tend to get unhappy when it actually comes time for them to pay I included in this letter the email i sent to you on April 15, t=e day i was examining your returns It laid out my understanding of the compensation for a=20 transaction of the magnitude to the penny of the one just completed. =20 though the number was great it was clear. When it appeared that the=20 details could now be worked out I was the first to say , it is too mu=h money, however. From day zero I proposed to di=count to 50 - 60 million the fair price of the transacti=n just completed . including Phaidon. . though this amount was already substantially les= than our agreed and negotiated formula. - I was never told that this =AO was out of range. in fact, alternative methods of payment . plane, =r an -in-kind payment were discussed ( ie including keeping the 30m po