To: Adam Bly

Cc: Jeffrey Epsteintjeeyacation@gmail.com]

From: Rich Kahn

Sent: Thur 5/20/2010 3:43:36 PM

Subject: Default

It is now May 201h and no funds (interest payment of 4,500) have bccn received in Mr. Epstcin's account. This is the third incidence of default of your 300,000 promissory note to Mr. Epstein. The two others are as follows:

a) Payment of 4,000 was received on April 19h not on its due date of April I 6'h

b) Payment of 4,000 paid on April 19th should have bccn 4,500 and the difference of 500 has still not been paid.

I am sure that it was not Mr. Epstein's intentions for me to be chasing you every month.

Can you please clarify and resolve.

Thank you.

Rich Kahn
HBRK Associates Inc.
301 East 66th Street, Suite 10F
New York, NY 10065
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