EFTA01455543

From: Tazia Smith [[email protected]] Sent: 9/14/2014 7:02:28 PM To: Stelios Theodosiou ([email protected] CC: Paul Morris [[email protected]); MG [[email protected]] Subject: Mon 9am EST client call IC] classification: confidential Stelios - Looking forward to our 9am EST call with our client, Jeffrey Epstein, tmw (Mon). I'd like for you and I to begin the conversation at a high level - introducing to Jeffrey the idea of a put as an independent but complimentary element of a loan and an opportunity for a client that likes the underlying hard asset and/or the probability adjusted return of premium collection (ie how this hard asset put idea could apply to many underliers). Then we can dive into the details of the structure of your PIK loan, the specific put, and the les bordes property. As you and I discussed before, Jeffrey started his career in derivatives, so it should be a decent dialogue. He's sharp, precise, very well-connected/informed, and likes to get to the point. Thanks in advance - speak with you at 9EST, I'll call you a bit before then. Best, Tazia cell: 917-327-4107 Tazia smith Di rector Key client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York NY 10154 E-mail: [email protected] CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114364 CONFIDENTIAL SDNY_GM_00260548 EFTA01455543