<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Friday, August 9, 2013 3:23 PM
David Stern</td></tr><tr><td>Subject:</td><td>Re: HL Loan - CD/SM call note 8.8.13</td></tr></table>

no no no no no, howards main businesss is gambing=in las vegas. he will have to disclose to the las vegas commsion =his arrangeent and you will have holy hell to pay

On Fri, Aug 9, 2013 at 9:20 AM, David Stern

wrote:

Nuts. Charles (CD) is a one-man lawy=r show who is now selling himself as "PA's private lawyer"..= He is talking to the Howard legal counsel who is in a different leagu=.

What do you think ??

Begin =orwarded message:

Email details:

*   **From:** The Duke
*   **Subject:** FW: HL Loan - CD/SM call n=te 8.8.13
*   **Date:** 9 August 2013 16:07:53 GMT+01:00
*   **To:** David Stern

For your conversation with Charles

Email Header Information:

*   **From:** Charles Douglas
*   **Sent:** August 9, 2013 09:56
*   **To:** The Duke; Libby Ferguson
*   **CC:** Charles Douglas
*   **Subject:** *Redacted*

ATTENDANCE NOTE=/b>

File
Urramoor

Matter
HL Asset Manage=ent etc<=div>
Date
8 August 2013
Fee earner
Charles Douglas

CPD attending Stev= Merkel on telephone to NYC at 20:30 hours on Thursday 8 August 20.30 BST<=> <=div> CPO had in front of him the nuggets and checked that SM had received either=a copy of or the thrust of AC's nugget email of the text to HL. He co=firmed that he had.

1. It is common ground that no PG will be required from AC.
=/ol>
=/u>

2. We a=reed that it was appropriate to accelerate the agreement of the primary as=et management entity as soon as possible.

3.

4.

5.

=/u>

6. It is recognised that the asset management entity will have no balance shee= value day 1 but the commitment by AC to contribute any profits derived fr=m the similar activity carried on outside the assets management company wo=ld be acceptable until such time as the debt was repaid.

CPD agreed to send through to SM a copy of what we discussed and agreed (wh=ch will effectively be this attendance note suitably doctored) whereupon h= will double check that this is acceptable to HL and we can proceed. =/u>

CPD suggested =hat the intention was to put the structure together as soon as possible su=ject only to SM telling CD who the internal tax adviser would be and we wo=ld then plug that person into Robert Langston but that apart we were agnos=ic as to which jurisdiction, USA, Cayman or otherwise as AC would simply d=clare his interest to HMRC in the usual way.

<=div>

A positive and short discussion which seems to reach agreement and accord.<=>

Next step

1. This note to be approved, doctored and sent to SM.

<=iv style="margin-top:0cm;margin-right:0cm;margin-left:0cm;margin-bottom:=.0001pt;font-size:11pt;font-family:Calibri,sans-serif"> </=iv>

2. Tax =uys to talk.

3.

4. Agree shareholder agreement to reflect the above provisions in the entity=92s constitution.

5. Make advance.

6.

Please do let me know if the above is agreeable and/or any comments.
<=div>
Thank you.

Charles

Charles =/span>Douglas=/u>
=A0Solicitors LLP=u>

17 Albemarle Street=/u>
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London
W1S 4HP
<=u>
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Do visit our new website=span> www.cdsmayfair.com <http://www.cdsmayfair.com/> <=b>
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