<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Tuesday, June 28, 2011 3:55 PM
Adam Bly; Richard Kahn</td></tr><tr><td>Subject:</td><td>Fwd: No subject</td></tr></table>

you owe the money, not the co.

----------=Forwarded message ----------
From: Adam B=y <blackened out <mailto:blackened out>
Date: Tue, Jun 28, 2011 at 11:53 AM
Subject: Re: No subject
To: Jeffr=y Epstein <jeevacation@gmail.c=m <mailto:jeevacation@gmail.com> >

We do not have the avai=able cash flow yet for any debt servicing. And are in negotiations w th= IRS now about a payment plan for our payroll tax obligation so must close=that first. We should discuss converting some or part of the loan and/or i=terest into preferred shares so there's upside.

## Sent from my iPhone

On Jun 28, 2011, at 10:35 AM, "J=ffrey Epstein" <jeevacation@gmail.com <mailto:jeevacation@gmail.com> > wrote:

</div>

adam„ its time you start=d to pay back some of the money„

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The information contain=d in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeeva=ation@gmail.com> , and destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved

## Sent from my iPhone (cont.)

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The information c=ntained in this communication is confidential, may be attorney-client p=ivileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved