From: Richard Kahn

From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Rate of Return Analysis Date: Wed, 02 May 2012 17:38:19 +0000 Attachments: SKMBT_C25312050213171.pdf I have attached sales analysis on pages 1-3 for each of the serial numbers (760667, 760750 & 760472). The variables that i played with are as follows: a) serial 760750 - do we include 175,000 Sikorsky credit as part of sales proceeds / gain b) serial 760472 - do we include 200k commission to reduce profit (150k LV 50k DIG) The returns i calculated are as follows: a) page 4 of attached - serial 760667 11.662% rate of return b) page 5 of attached - serial 760750 without 175k sikorsky credit 0.023% rate of return c) page 6 of attached - serial 760750 with 175k sikorsky credit 0.583% rate of return d) page 7 of attached - serial 760750 with 175k sikorsky credit & serial 760472 with 200k commission to LV & DIG 1.714% rate of return e) pages 8 & 9 of attached - serial 760667, 760750 without 175k sikorsky credit & serial 760472 with 200k commission to LV & DKI 5.17% rate of return 0 pages 10 & 11 of attached - serial 760667, 760750 with 175k sikorsky credit & serial 760472 with 200k commission to LV & DKI 5.496% rate of return g) pages 12 & 13 of attached - serial 760667, 760750 with 175k sikorsky credit & serial 760472 with Ok commission to LV & DKI 5.862% rate of return please advise Richard Kahn HBRK Associates Inc. 301 East 66th Street, Suite 1OF New York, NY 10065 tel 646-862-4811 fax 646-350-0954 cell 917-414-7584 Begin forwarded message: From: Date: May 2, 2012 1:17:53 PM EDT To: Subject: Messa e from KMBT C253 Reply-To: EFTA01176587