EFTA01301095

From: Condren, James > To: 'leevacatio mailcorre .<' evacation©gmailcom>:Erdoes, Mary E" < CC: Staley, Jes c ;-' , - < E > Sent: 7/21/2011 3:05:52 AM Subject: Re: So we're all clear. I think we should be using the exact numbers instead of concepts — the offer is for us to pay $9.2 Sion in exchange for a full release concerning any claim (yet asserted or not) based on an investment in any Bear fund (inolo:ling high Grade. Enhanced Leverage and ABS) or in Bear stock. If you want to think of it as broken down into components, it's $7 million for high Grade/Enhanced Leverage and $2.2 milion for Bear stock. As Mary mentioned, this is our final offer. I'll have one of the lawyers in my group mark up the prior agreement and send it to Darren. JE. I have personally very much appreciated how professional and candid you have been in our dealings on these issues. We hope you appreciate (and believe you do) that this offer represents an extraordinary effort on our part to resolve your claims. -- Jim From: Jeffrey Epstein To: Erdoes, Mary E Ce: Condren, James; Staley, Jes; Darren Indyke Sent: Wed Jul 20 21:29:25 2011 Subject mary, Thank you for calling from dreary London today. So that I may fully consider my options , please confirm in writing , the new offer . My understanding is that you have agreed to use the MI amount of subscription, 20 plus million, and pay one third of that amount. in addiion you have offered ten cents on the dollar for the stock, claim.. I think it would be helpful if Jim could send the documents he would want me to sign so that there are no misunderstandings.. Again,. I sincerely appreciate the good faith shown by your side. *********************************************************** 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved SDNY_GM_00078504 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00001631 EFTA_00188971 EFTA01301095