From: Steven Sinofsky

From: Steven Sinofsky To: Jeffrey Epstein <jeevacationggmail.com> Subject: Re: Date: Sun, 07 Apr 2013 01:42:39 +0000 Importance: Normal Attachments: Vesting.xlsx Inline-Images: Image589.png; Image860.png The effective date is 12/31 (that is how much I was paid) even though they turned off networking/email/cardkey in early December (which was earlier than we agreed -- retaliation from steve when he thought I made everyone ask him about their retention award). Given it is public, I would much rather the opening read as a "we" rather than an "I". Should the stock be today's value or December value? big difference as the stock is getting close to what it was back in November. Why make this until August 18, 2014? That's 8 months longer than 12 months from when I left. For the purposes of accelerated vesting it doesn't matter. I would rather this all be 12 months from 12/31. Plus 12/31/13 is half the fiscal year that started July 1, 2013. Confidentiality -- if this is filed with the SEC then this doesn't make sense. 6c...I don't care what they say about me since I will never sue them and there are a million ways they can use the press and agents to say stuff about me. I would rather this be one sided, no? Why no disparaging until 2016--seems like a very long time. 8...sure seems petty. like I am going to sneak in the back door and work as a vendor or something? Then again for the press this seems pretty pathetic for them to ask for. In terms of share math, I have attached a spreadsheet which is reproduced below. If we go with the 12/31/12 price (26.71) assuming 50% of the last grant we have this: Outstanding with 50% of FY13 Grant ('375) Date II Shares 11 Pretax El Grant ft II 8/31/2013 7,696 $205,560 811105 8/31/2013 56,681 $1,513,950 1087120 8/31/2013 47,368 $1,265,199 1180497 8/31/2013 49,643 $1,325,965 1299366 8/31/2013 55,159 $1,473,297 1299375 8/31/2014 47,369 $1,265,226 1180497 8/31/2014 49,643 $1,325,965 1299366 8/31/2014 55,159 $1,473,297 1299375 8/31/2015 49,644 $1,325,991 1299366 418,362 $11,174,449 PROT0 If we go with all outstanding shares: All Outstanding Date au Shares a Pretax a Grant tt 8/31/2013 7,696 $205,560 811105 8/31/2013 56,681 $1,513,950 1087120 8/31/2013 47,368 $1,265,199 1180497 8/31/2013 49,643 $1,325,965 1299366 8/31/2013 55,159 $1,473,297 1299375 8/31/2014 47,369 $1,265,226 1180497 8/31/2014 49,643 $1,325,965 1299366 8/31/2014 55,159 $1,473,297 1299375 8/31/2015 49,644 $1,325,991 1299366 8/31/2015 55,159 $1,473,297 1299375 8/31/2016 55,159 $1,473,297 1299375 528,680 $14,121,043 The 528,680 number of shares is the same as the total at the end of the printout you had 1,522,713 granted and 994,033 vested leaving 528,680 remaining. The FY13 grant is number '375 and vests in 55,159 blocks through 2016. 26.71/share is near a low for quite some time. It is 28.50 or so now. Big difference. The stock dropped 4% on my announcement November 12. It hasn't reached the November 11 close yet (Dow up 13%, MSFT flat). I mention since that is $1M for the 50% of the final grant. Sent from Windows Mail From: Jeffrey Epstein Sent: Saturday, April 6, 2013 4:18 PM To: Steven Sinofsky before i send to jay , read and comment 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. copyright -all rights reserved PROT1