EFTA02031338

To: jeevacationtagmail.com[[email protected]]; Jeffrey Epstein[[email protected]] From: Paul S Barrett Sent: Thur 12/9/2010 4:38:27 PM Subject: RE: Oil The switch into the GM Convert is a better place holder...earn a coupon and keep the upside. We still feel that we will make money on this position. Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank From: Jeffrey Epstein [mailto:[email protected]] Sent: Thursday, December 09, 2010 11:33 AM To: Paul S Barrett Subject: Re: Oil a loss on the corn colloar a loss on the gm bonds„ what should we do. On Thu, Dec 9, 2010 at 11:30 AM, Paul S Barrett smAgm si i9Amo wrote: EFTA_R1_00541432 EFTA02031338 Paul Barrett, CFA Managing Director Global Investment Opportunities Group 7Pmorgan Private Bank From: Jeffrey Epstein linailto:jeoacation(atmail.coml Sent: Thursday, December 09, 2010 11:27 AM To: Paul S Barrett Subject: Re: Oil no the range of the calls On Thu, Dec 9, 2010 at 11:25 AM, Paul S Barrett 90.85 on the 7th of Dec Range has been 80 — 90.85 over the past 30days Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank wrote: EFTA_R1_00541433 EFTA02031339 From: Jeffrey Epstein [mailto:jeevacation(a)gmail.coml Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil how high did it get in the past two weeks„ On Thu, Dec 9, 2010 at 11:06 AM, Paul S Barrett > wrote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. Ncw risk reversal would be: Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put Both cashless I like the li'strategy EFTA_R1_00541434 EFTA02031340 Paul Barrett, CFA Managing Director Global Investment Opportunities Group 7PMorgan Private Bank This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://nw.jpmorgan.com/pages/disclosures/email. 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@gmail,com, and destroy this communication and all copies thereof, including all attachments. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://vvww.jpmorgan.com/pages/disclosureilemail. EFTA_R1_00541435 EFTA02031341 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 c-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at Imp wwjpmoraan Loinipages/disclosurcs email. 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 jeevacationegmail.com and destroy this communication and all copies thereof, including all attachments. EFTA_R1_00541436 EFTA02031342