From:

Joichi Ito

<table><tr><th>From:</th><th>Joichi Ito</th></tr><tr><td>Sent:</td><td>Sunday, January 4, 2015 8:08 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Re: My new fund</td></tr></table>

Thanks.

On Jan 5, 2015, at 5:03 AM, jeffrey E. <jeevacation@gmail.com> wrote:
> 
> ok

>

> On Sun, Jan 4, 2015 at 3:58 PM, Joichi Ito cjoi@ito.com> wrote:

> Hey Jeffrey,

>

> My last fund is doing pretty well -just started returning earnings to =nvestors with a number of good companies left in the portfolio. =hey've asked me to make another fund. I decided that the best =ay to do this and still play with you on larger deals was to limit the =ize of the investment from the fund to $100K. That will let me do =ittle things quickly. Let me know if you'd be =nterested/willing to also invest in this fund.

>

> Here's the email I sent out to my investors.

>

> - Joi

>

>-

>

> Hi everyone. You're getting this email because you were either in =eoteny Labs or you've talked to me recently about investing with me.

>

• > I've decided to explore forming a small fund of mostly friends and =amily to invest in deal flow I see from time to time. Most of the deal =low will consist of small investments following a lead professional =nvestor in companies with which I am personally involved as an advisor =r board member. In some cases, I will be receiving additional =ompensation and stock options for serving as an advisor or board =ember. While these will not be included in the fund, any investment =pportunity I receive will be directed to the fund.

>

> The idea for the fund is a small investment diversified fund. The fund =ill invest up to 5100K in every deal that I'm able to invest in. My =revious fund had a 30% carry, but I'm reducing it to 20% to balance the =act that in some cases I may be receiving compensation in addition to =he opportunity to invest. I will be investing $100K of my own money in =he fund.

>

Please let me know if you're interested and I will send more details.
Thanks.
- Joi

> please note

> 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

> JEE 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 jeevacation@gmail.com,

> and destroy this communication and all copies thereof, including all

> attachments. copyright -all rights reserved

## <?xml version=.0" encoding=TF-8"?>

<!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd">
<plist version="1.0">

<dict>

<key>conversation-id</key>
<integer>129334</integer>
<key>date-last-viewed</key>
<integer>0</integer>
<key>date-received</key>
<integer>1420402112</integer>
<key>flags</key>
<integer>8590195713</integer>
<key>gmail-label-ids</key>
<array>
<integer>6</integer>
<integer>2</integer>
</array>
<key>remote-id</key>
<string>469624</string>

</dict>

</plist>