<table><tr><th>From:</th><th>Barrett, Paul S &lt;</th></tr><tr><td>Sent:</td><td>Tuesday, January 3, 2012 11:46 PM</td></tr><tr><td>To:</td><td>jeevacation@qmail.com*</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

Are you free to talk now?

We finished down 1% (750K) for 2011 and 2% for 2010 (1.5mm)

From: Jeffrey Epstein (mailto:jeevacation@gmail.comj
Sent: Tuesday, January 03, 2012 06:36 PM
To: Barrett, Paul
Subject:

I am very concernced that after I told you how i thought your group was not performing well this year, and that many of the recomendations were so far off base.. you told me that we were up this year, . this was in response to my crtique you first told me we were up 2 milllion and then 3 million. . it then turned out that we were down 2.5 million„ for the year.. Im not sure why you think that YTD„does not means year to date.

*******

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.