From: David Stern

From: David Stern To: Jeffrey Epstein [email protected]> Subject: Fwd: TS Date: Thu, 23 Feb 2017 17:45:06 +0000 Attachments: Term Sheet IREM Celestial Clean.doc _ _ Idea as attached: I could buy 25% of real estate fund run by former head of Global Head of RREEF Opportunistic Investments (Deutsche Bank) for E 8 million with a view of finding capital for their strategies within 12 months. If it doesn't work get out via put /call with premium. Term Sheet first draft from them and just received. Begin forwarded message: From: Amaud Plat < Subject: RE: TS Date: 23 February 2017 at 16:53:12 GMT To: Chris Papachristophorou >, David Stern EFTA00629913