<table><tr><th>From:</th><th>Barrett, Paul S</th></tr><tr><td>Sent:</td><td>Thursday, August 1, 2013 10:48 PM</td></tr><tr><td>To:</td><td>'Jeffrey Epstein'</td></tr><tr><td>Subject:</td><td>RE: Oil pricing</td></tr></table>

25pct • 93.5 strike • lmillion. So 23.3mm usd collateral.

Paul Barrett | Managing Director | Global Investment Opportunities Group | J.P. Morgan Private Bank |
320 Park Avenue, 14th Floor, New York, NY 10022  |
 | NMLS ID# 853441

-----Original Message-----
From: Jeffrey Epstein [jeevacation@gmail.com <mailto:jeevacation@gmail.com>]
Sent: Thursday, August 01, 2013 05:50 PM Eastern Standard Time
To: Barrett, Paul S
Subject: Re: Oil pricing

how much margin for 1 million barrells.

On Thu, Aug 1, 2013 at 5:46 PM, Barrett, Paul S <

> wrote:

So on 100,000 barrels:

You are long at 110/bbl. Below payout is at expiry:

<mailto:

Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Private Bank I

Key information from the image:

*   Address: 320 Park Avenue, 14th Floor, New York, NY 10022
*   Phone: (212) 206-2770
*   NMLS ID: 853441
*   Email and fax information are redacted.

From: Jeffrey Epstein [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> Sent: Thursday, August 01, 2013 5:30 PM To: Barrett, Paul S Subject: Re: Oil pricing

lets put on some of version 1 to start , give me a chart of size and profits at 130-150

On Thu, Aug 1, 2013 at 12:16 PM, Barrett, Paul S <blackened out>
<mailto: blackened out> wrote:

BULLISH WTI RISKIES

Version 1

* Client buys Mar14 WTI 110 call

* Client sells Mar14 WTI put; 93.50 strike; 83.50 at-expiry knock-in

Cashless

Version 2

* Client buys Mar14 WTI 120 call

* Client sells Dec13 WTI put; 95 strike; 90 at-expiry knock-in

Cashless

Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Private Bank I

320 Park Avenue, 14th Floor, New York, NY 10022 | T:  <tel:%28212%29%20622-2770> | F:

NMLS ID# 853441

From: Barrett, Paul S
Sent: Wednesday, July 31, 2013 11:23 AM
To: 'Jeffrey Epstein'
Cc: Barrett Team
Subject: Oil pricing

OIL RIKSIES

UNDERLYING

OPTION EXPIRY

REFERENCE RATE

PUT STRIKE

CALL STRIKE

NET PREMIUM

Dec13 WTI

15Nov2013

100.50

91.50

109.50

Cashless

Jan14 WTI

16Dec2013

99.25

89.50

108.50

<table><tr><th>Cashless</th></tr><tr><td>Feb14 WTI</td></tr><tr><td>15Jan2014</td></tr><tr><td>98.10</td></tr><tr><td>88.00</td></tr><tr><td>107.50</td></tr><tr><td>Cashless</td></tr><tr><td>Dec13 BRENT</td></tr><tr><td>11Nov2013</td></tr><tr><td>104.50</td></tr><tr><td>95.00</td></tr><tr><td>114.50</td></tr><tr><td>Cashless</td></tr><tr><td>Jan14 BRENT</td></tr><tr><td>11Dec2013</td></tr><tr><td>104.00</td></tr><tr><td>94.00</td></tr><tr><td>114.00</td></tr><tr><td>Cashless</td></tr><tr><td>Feb14 BRENT</td></tr><tr><td>13Jan2014</td></tr><tr><td>103.50</td></tr><tr><td>93.00</td></tr><tr><td>114.00</td></tr><tr><td>Cashless</td></tr></table>

4

Paul Barrett I Managing Director I Global Investment Opportunities Group I J.P. Morgan Private Bank I

- Name / title (from surrounding text): Paul Barrett — Managing Director, Global Investment Opportunities Group, J.P. Morgan Private Bank
- Office address: 320 Park Avenue, 14th Floor, New York, NY 10022
- Telephone (redacted in image): visible link text "tel:%2812%29%20622-2770" (appears to correspond to (212) 622-2770)
- Fax: redacted
- Email: redacted
- NMLS ID#: 853441
- Disclosures / URLs shown:
  - http://www.jpmorgan.com/pages/disclosures/email
  - http://www.jprnorgan.com/pages/disdosures/email> (garbled/typo)

This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email chttp://www.jprnorgan.com/pages/disdosures/email> .

********

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 jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email <http://www.jpmorgan.com/pages/disdosures/email> .

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

jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email.