To: jeeyacation©gmail.conteetracation©gmail.com]
From: Farkas, Andrew L.
Sent Sun 8/23/2009 2:46:01 PM
Subject: Re: Updates

Oh. Truth is I don't usually share that because historically people have asked me to maintain their privacy. For example, I would not tell people that you were an investor nor how much you owned unless you specifically permitted me to do so. It's a practice I've had for almost 20 years. I do, however, know that milstein does not care about such things and their bank (ny private bank and trust) has asked for 20%. Scoggin capital has asked for 10% and the ruben family has asked for 10%. The others are more particular about being identified. Blackstone, for example, actually makes us sign confis specifically precluding us from even indicating whether or not discussions are in progress. I hope that's ok w/ you, but people are often touchy about such things. Much more so than are you or I. As for the amounts every 10% of seedco is $1.5mm and every 10% of holdco (the actual acquisition entity) will approximate $11.5mm. Is this helpful?

From: Jeffrey Epstein
To: Farkas, Andrew L
Sent: Sun Aug 23 10:37:54 2009
Subject: Re: Updates

who are the othe path and how much is each one putting up

On Sun, Aug 23, 2009 at 10:36 AM, Farkas, Andrew L. <u><afarkas©islecap.com></u> wrote:

I don't understand.

From: Jeffrey Epstein To: Farkas, Andrew L. Sent: Sun Aug 23 10:34:44 2009 Subject: Re: Updates please send me a list of numbers and participants. for cll I

On Sun, Aug 23, 2009 at 10:01 AM, Farkas, Andrew L. ██████████████████ wrote:

1) Did you get a look at indian land assembly loi (now called project silver)? Doesn't mean much w/o context, but the dd starts this week. Cerberus giving us access to everything they did.

2) CHI project now 75% subscribed, but I am far from finished talking to all traditional members of the island investor group. I got strep (believe it or not) and have been down for the count for the last 4 days.

3) Met with citigroup thurs/fri (despite strep) and we are very much on target with them regarding restructuring of senior secured. That is a fulcrum security. Assuming we get them, b of a, netixis and merrill we will be good to go.

4) Have now confirmed 9/6 move-in date for new house. Excited about that.

Hope you're good.

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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 <u>jcevacation@gmail.com,</u> and destroy this communication and all copies thereof, including all attachments.

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