## From:

<table><tr><th>From:</th><th>Gianni Serazzi</th></tr><tr><td>Sent:</td><td>Thursday, May 7, 2015 12:20 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Points discussed</td></tr></table>

To:

## Dear Jeff,

here is the quick outline of what discussed=/div>

1-Need 4 or 6M Eur as loan with 70% or 100% reimb=rsed within 2.5 months to close the overall operation. One of your company=should do a loan to the newco structure that I will open in Italy for this=deal.

2-Money will need to be used to complete the acquisition o= the company that you know 3-Several collaterals

## <=div>

-100% of the target company that also has zero bank debt, 2M cash=(that will be sent back to you within 1 month) and 2M in receivables that =an be transformed in cash (to be sent back to you within 2.5 months) =div>-my 70% of 2morrow and 2day (I gave giancarlo for free 30% of 2morrow)=/div> -car in the ferrari museum (modena, insured by the museum) Ferra=i Thomassima 3 (only one prototype in existance). Offer received in Januar= attached from RM/Sothebys that I declined as it was given to me by my ado=tive father who built it (tom meade) and who made me promise I would not s=ll it. If you google ferrari thomassima 3 you can see many pictures. =div>-I have also an apartment in Milano worth approx 600K with 250-300K mo=tgage

I am betting my career and my money on this= and your money will come back super fast.

Please=keep all these info confidendial as I don't want to lose this deal and=the fashion world is very small :)

Thx
G