<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, April 12, 2018 7:33 PM</td></tr><tr><td>To:</td><td>jeffrey epstein</td></tr></table>

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- From: [sender name redacted] (mailto: [redacted])
- Sent: Thursday, February 18, 2016, 5:44 PM
- To: [recipient name redacted]
- Cc: [multiple recipients redacted] (includes at least one mailto entry and another recipient shown as redacted)
- Subject: Re: Term Sheet and Loan Agreement
- Notes: Several portions of the header are heavily redacted/black bars.

Dear all,

please find attached the revised version of both loan agreement and term sheet. While I accepted almost all of the edits, I unfortunately spotted a mistake we made on the valuation and investment sum (i.e. given the agreed pre-money valuation of USD 9 mn and a total Series A investment of 2.5 mn (2.25 Leon Black, 0.25 Anastasiya Siro), the fully diluted s=are of Leon Black should be 19.57% - see cap table).

Best, Max

please note

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