<table><tr><th>From:</th><th>Cecile de Jongh</th></tr><tr><td>Sent:</td><td>Monday, February 6, 2017 6:19 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fw: Loan to GVI and/or PFA</td></tr></table>

With warm regards,

Cecile de Jongh

On Monday, Febr=ary 6, 2017 2:13 PM, "John de Jongh, Jr" w=ote:

<=iv class="yiv5417091034MsoNormal" id="yui_3_16_0_ym19_1_1486380714040_=23442">l don't believe there is one item that could secure a $50M =oan — other than a tract of land on St Croix -- but probably a com=ination of assets could be identified. Any borrowing whether directl= to the GVI or PFA will require legislative authorization and, if it's the=PFA, there is the additional step of board of director's approval (wh=ch is nothing as the Gov is chairman and the majority of members are admin=stration officials).

Options:<=div>

1. The cays: This will be politically charged and require executi=e branch action (AG sign-off, review of deeds...)

2. Undeveloped land/rental property: A combination could be =dentified between the islands

3. Revenue note: T=e most identifiable revenue streams are real property anticipation notes a=d/or a matching fund note that is paid after current debt service is paid =there is adequate cash for a significant payment, just depends on what the= need for budgetary purposes)

4. Depending on ta= consequences, you may want to explore whether the entity (I presume it is=not in an individual capacity) can have the revenue notes deemed tax-=xempt; the GVI and PFA bond lawyers can provide guidance as they will have=to opine on any borrowing.

=

John