<table><tr><th>From: </th><th>Richard Kahn</th></tr><tr><td>Sent: </td><td>Friday, January 4, 2013 7:52 PM</td></tr><tr><td>To: </td><td>Adam Bly; Vera Savcic</td></tr><tr><td>Cc: </td><td>Jeffrey Epstein</td></tr><tr><td>Subject: </td><td>Re: Promissory Note</td></tr></table>

HBRK Associates Inc.
575 =exington Avenue, 4th Floor,
New York. New York 10022

From: Richard Kahn =lt

To: Jeffrey Epstein <jeevacation@gmail.com>

HBRK Associates Inc.
575 =exington Avenue, 4th Floor,
New York New York 10022

Begin forwarded =essage:

Date: December 14, 2012 11:33:39 AM =ST

Subject: Fwd: No subject

Adam endorsed the front and =ack of check that was issued in the amount of $10,000 instead of =18,000 In addition December 12th interest is due in the amount of =6,000 Total Outstanding =24,000

Still waiting for his =xplanation..

Richard Kahn

From: "Adam Bly" <
<=span>
To: Jeffrey Epstein <jeevacation@gmail.com>

Subject: Re: No subject

Just landed from London will check with Vera and =ectify if incorrect

Sent from my iPhone

On Dec 13, =012, at 5:42 PM, "Jeffrey Epstein" <jeevacation@gmail.com> =rote:

adam, we got a check that was not what we =grreed, it has a notation re payent in for interest =wed, we agreed this was not the =eal.

<=div>

Richard Kahn
HBRK Associates Inc.
575 =exington Avenue, 4th Floor,
New York, New York 10022



On Dec 11, 2012, at 3:55 PM, Richard Kahn wrote:

Jeffrey mentioned he never =eceived an explanation from his email below In addition please =eview loan docs you asked us to prepare as outstanding loan balance is =16,045.82

not 300,000

Accordingly interest should be paid on =16k not 300k or if you choose make a lump payment of =6k Please advise

Thank =ou

Richard Kahn
HBRK Associates Inc.
575 =exington Avenue, 4th Floor,
New York, New York 10022

- Name: Richard Kahn
- Company: HBRK Associates Inc.
- Address: 575 Lexington Avenue, 4th Floor, New York, New York 10022 (image shows "575 =exington..." — likely OCR error)
- Image content: large black rectangle — no visible chart or photo content.

Begin forwarded message:

- From: [redacted email]
- Date: November 28, 2012 12:29:02 PM (EST)
- To: [redacted]
- Cc: [redacted email]
- Subject: Re: Promissory Note

- Message excerpt: "why should we discount amount owed?? i don't understand"

Forwarded message (summary)
- Date: November 28, 2012 12:42:32 AM EST
- Subject: Promissory Note — Revised Payment proposal

Key terms in forwarded proposal:
- Principal: $300,000
- Rate: 24% (default rate), 365-day basis
- Full-year interest: $72,000
- Payment schedule:
  - Monthly payments: $3,000 per month for 12 months beginning December 2012
  - Remaining balance $36,000 to be paid in 4 installments of $9,000 each on Aug 31, Sept 30, Oct 31 and Nov 30, 2013 (or earlier)
- 5 business-day cure period applies
- Proposal also suggests settling interest due for September–November 2012 in the amount of $10,000

Vera Savcic
COO & =FO

Seed
Tel +1646 502-7077 / Fax +1 646 502-7040
www.seedmediagroup.com <http://www.seedmediagroup.com/>

=/div>

-- =br>******************************************************************

************

The =nformation contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the property of Jeffrey Epstein =br>Unauthorized use, disclosure or copying of this communication or =ny part thereof is strictly prohibited and may be unlawful. If you =ave received this communication in error, please notify us immediately by return e-mail =r by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmaitcom> ,

and

destroy this =ommunication and all copies thereof, including all attachments. copyright -all rights reserved

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