EFTA Document EFTA01969046

To: Cecile de Jong From: Jeffrey Epstein Sent: Fri 6/21/2013 3:29:44 PM Subject: Re: Ok , you send to Andrew please On Friday, Junc 21, 2013, Cecile dc Jongh wrote: ok 2. IGY agrees to renegotiate the Management Agreement as well as pay us the $2.5M for the overpayment on the purchase price, the $250K owed, the $180K error from six years ago and the leasing commissions "earned" on defaulted tenants. . With warm regards, Cecile DISCLAIMER: The information contained in this e-mail may be privileged,confidential, and protected from disclosure. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or duplication of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately and delete all copies. "Nearly all men can stand adversity, but if you want to test a man's character, give him power." — Abraham Lincoln -44 Please consider the environment before printing this e-mail. From: Jeffrey Epstein < eevacation To: Cecile de Jongh Sent: Friday, June 21, 2013 10:25 AM Subject: Re: mail com> no the 2.5 overpayment the 180 error 6 years ago. plus intcrst, plus leasing commisions not really earned as the tenat they chose and verified as finally able defaulted. EFTA_R1_00449630 EFTA01969046 On Fri, Jun 21, 2013 at 10:19 AM, Cecile de Jongh Jeffrey I am not sure what the $180K refers to - please clarify. I might say something like this as well: rote: There are $4.5M in fees that have been paid out over the past six years that have allowed you to take almost 100% of your investment out of this deal. Additionally, this was a non-arms length transaction which makes the level of these fees inappropriate. 1 IGY returns my investment plus interest, and we are only tenants. at fair market. SEEMS LIKE THE BEST OPTION 2. igy pays us 2.5 for the overpayment plus 250 owed. for a total of 3 millon and we stay as is. ARE YOU INCLUDING THE INTEREST NOTED ABOVE ($180K) TO GET TO THE $3M? TO GO WITH THIS OPTION, WE WOULD ABSOLUTELY NEED TO RENEGOTIATE THE MANAGEMENT AGREEMENT. 3. Igy that has already taken out all its equity walks away, leaves us with the million in cash , and we take over. I LIKE THIS OPTION AS WELL. WITH THE $700K IN MANAGEMENT FEES THAT THEY WERE TAKING OUT PLUS THE $1M, YOU COULD DEAL WITH THE DEFERRED MAINTAINANCE ISSUE OVER THE SHORT TERM. With warm regards, Cecile DISCLAIMER: The information contained in this e-mail may be privileged,confidential, and protected from disclosure. If you are not the EFTA_R1_00449631 EFTA01969047 intended recipient, you are hereby notified that any dissemination, distribution or duplication of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately and delete all copies. "Nearly all men can stand adversity, but If you want to test a man's character, give him power." — Abraham Lincoln •J Please consider the environment before printing this e-mail. From: Jeffrey Epstein <.eeyacation mail com> To: Cecile de Jongh • Sent: Thursday, June , Subject: as I see it there are three fair AYH solutions . 1 it appears we overpaid by a total of 5 million as part of the sun purchase. in addtion there is a 180 owed with interest . plus the addditonal leaseing issues etc. 1 IGY returns my investment plus interest, and we are only tenants. at fair market. *********************************************************** 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 ices [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00449832 EFTA01969048