<table><tr><th>From:</th><th>Eileen Alexanderson &lt;</th></tr><tr><td>Sent:</td><td>Friday, August 30, 2013 7:35 PM</td></tr><tr><td>To:</td><td>'Jeffrey Epstein'</td></tr></table>

Hi, we are teeing up to establish $10mil line of credit =rom Black Family Partners to Phaidon Global LLC early next week.

We've determined the following documentation is in order to establish this as true business transaction:

1) Loan Agreement (between BFP and Phaidon Global L=C)

2) Guaranty Agreement (by 1997 Trust)

3) Pledge Agreement (for two artworks as collateral)

4) Ins. Certificate

5) UCC-1 filing

6) Art Appraisal

7) resolutions for both borrower and lender

B of A was willing to give us a rate of 2.0% over LIBOR =ith the guarantee from the Trust.

Lloyds was charging Phaidon 3.5% over the base rate with=a debenture as security.

Can I charge set this up with 2 over LIBOR or do I need =o do more?

Good to go on this?

Thanks.

Eileen Alexanderson<=ont color=navy>
Black Family Partners, L.P.
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