<table><tr><th>From: </th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent: </td><td>Wednesday, August 14, 2013 9:27 PM</td></tr><tr><td>To: </td><td>Alan S Halperin</td></tr><tr><td>Cc: </td><td>Eileen Alexanderson; Ada Clapp; Jessica Soojian</td></tr><tr><td>Subject: </td><td>Re: Appropriate discount</td></tr></table>

Lets talk Tomorw too high

On Wednesday, August 14, 2=13, Alan S Halperin wrote:

Thanks. I am not surprised. The lock up and block likely would give rise to a significant discount if sold to a third party.

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From: =A0 "Eileen Alexanderson&qu=t; <blackened out><javascript:_e({}, 'cvml',
'EAlexanderson@apollo-=divisors.com')>;>

To: Alan S Halperin, "Jeffrey Epstein" <jeevacatio=@gmail.com <javascript:_e({}, 'cvml', 'jeevacation@gmail.com');>> , "Ada Clapp" <  <javascript:_e({}, 'cvml',

Date: =A0 08/14/2013 05:14 PM
Subject: Appropriate discount

As you will see on the attached, collective discount on Dec 2012 draft report was 33% consisting of 20% discount off then curren= mkt values + 15% discount for lack of control and marketability.

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