EFTA01300499

From: Jeffrey Epstein <Oevacatio mail.corn> To: Jes Staley < Sent: 3/4/2010 2:03:30 PM Subject: Fwd: Draft e mail to Jes Forwarded message -------- From: Jeffrey Epstein <jeevacationamiail.com> Date: Thu, Mar 4, 2010 at 8:05 AM Subject: Re: Draft e mail to Jes To: Sultan Bin Sulayem I spoke to him„ we should talk„ i need to see the numbers. On Thu, Mar 4, 2010 at 2:58 AM, Sultan Bin Sulayem < 04th February 2010 Dear Jeffery What do you think should I send this or change some of it Mr. Jes Staly JP Morgan wrote: Dear Jes, DUKES HOTEL LIMITED - REFINANCING REQUIREMENTS We have a requirement of refinancing the loan facilities availed for the acquisition of Dukes Hotel in London. Dukes is a five star boutique hotel with 90 rooms with allied facilities and is centrally located at 35-37, St James Place, London. The hotel is leasehold from Crown Estate having a lease life upto the year 2074. Additional information can be provided upon request. We have acquired the hotel during September 2006 at a purchase price of £40 million. Later we ventured into moderate refurbishment costing approximately £2 million. Total cost incurred by us including purchase price, SDNY_G M_00077601 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000728 EFTA_00 188071 EFTA01300499 expenses relating to acquisition and refurbishment is at £43 million. The hotel is owned by Dukes Hotel Limited which is a 100% subsidiary of UK registered Seven Tides UK Holdings Ltd, which is fully owned by me. The acquisition of the hotel is financed through Emirates NBD London branch. Total finance availed is £36 million representing 90% of the purchase price. The finance facility consist a senior loan of £30 million carrying an interest at base rate plus 1% and a mezzanine loan of £6 million carrying an interest atbase rate plus 2.5%. The facility is fully repayable at the end of the fifth year, on 06th Sep 2011. Emirates NBD base rate used to be same as UK 3 M Libor, however due to the current financial crisis, the bank has fixed the base rate at 3% curtailing the benefit of lower rate to the client. Interest on the facility is payable quarterly and the same has been serviced till date out of proceeds from the hotel. In view of the above issues, we are looking at an opportunity to refinance the facility whereby we can delay the repayment as well as reduce interest burden. I would appreciate if you kindly review the aforesaid and let's know if you would be interested in refinancing the facility. Thank you and best regards Yours truly, Sultan Ahmed Bin Sulayem. Sent from my iPhone DISCLAIMER This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change.The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication,nor for any delay in its receipt or damage to your system.The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimise the risk. SDNY_GM_00077602 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000729 EFTA_00 188072 EFTA01300500 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 jeevacationOtanail.com, and destroy this communication and all copies thereof, including all attachments. *********************************************************** 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(Thizmail.com and destroy this communication and all copies thereof, including all attachments. SDNY_GM_00077603 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000730 EFTA_00 188073 EFTA01300501