EFTA02659774

From: jeffrey E. <[email protected]> Sent: Thursday, February 16, 2017 3:28 PM To: Jeffrey Epstein n June and then again Sept, we bot= agreed to a 50% of phaidon payout., then only after weeks, when you delayed any detailed discussion of money wanting to give the issue a thoughtful resp=nse ( which I fully understand ) . you unilaterally changed changed our agreement.. 5m would be reserved for the future ? . and out of=the remaining 15m ,? i would receive only a third. ( note : I'm=confident that both the debt , and the artspa=e 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 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, tre day i was examining your returns It laid out my understanding of the compensation for a transaction of the magnitude to the penny of the one just completed. though the number was great it was clear. When it appeared that the 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 dis=ount to 50 - 60 million the fair price of the transactio= just completed . including Ph=idon.. though this amount was already substantially less=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 portion of fee outstanding till March=) ,I provided as you specifically requested a detailed step b= step execution plan and reviewed all documents that i was given access to.=( Phaidon was not forthcom=ng ) in order to make my many corrections . =1 was then told that Alansaspan> involvement warranted a discount . Even in the best of li=ht , though it is beyond question that not one time in the three ye=rs of his retainer has he ever proposed a unique idea. (includin= any wayt to deal=with the use issue on debras<hpan> death ,or even the most basic review of your largest asset by far =AO, the BRH agreement. ) O.K. - lets say he made a contribution to the plan=and stretch reality beyond the pale and say it was 50 %. though no =ne could posit such a large amount unless they were wearing a brightly colored clown suit. , the payment associated with the deal was =nown . It had both sent in writing and spoken about on the phone numer=us times , a detailed execution plan was provided . then an= only then after all was laid out for the group I was told that after a number o= conversations with brad karp<=span> that a total of only 20m would be paid , (and even that was more than originally contemplated ) for both transactions . Leon I feel 1= was remarkably unfair. I wondered whether brad even knew of o=r prior agreement.? I called him and he said he was never told.?, I wou=d ask that you I and Brad karp sit together if you think it would be helpful.. I would like to send him this email, with your consent of course. If the transactio=s were never consummated , i would not be owed a dime, however , the expecte= fee was known up front. , the detailed step by step plan was fo=lowed and overseen by me, the amount that I had requested befor= the transaction was even begun, and had already been heavily discou=ted, out of friendship, from our agreement . I believe the decision re onl= paying 20 m has frankly , left me felling quite une=sy. plea=e note The information contained in this communication is confi=ential, may be attorney-client privileged, may constitute inside inform=tion, and is intended only for the use of the addressee. It is the prop=rty of JEE Unauthorized use, EFTA_R1_01906964 EFTA02659774 disclosure or copying of this commun=cation or any part thereof is strictly prohibited and may be unlawful. =f you have received this communication in error, please notify us immed=ately by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gm=il.com>, and destroy this c=mmunication and all copies thereof, including all attachments. copyrigh= -all rights reserved 2 EFTA_R1_01906965 EFTA02659775