<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, February 3, 2016 10:45 AM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr></table>

Drafts in my world DO NOT mean bad numbe=s made right. bad categories. etc. drafts are simply pre=i████ry numbers subject to revision when actuals can be inputed. =A0 i received reviewed and updated. , that i= still filled with errors not updates.

1) April 2016 - 25,790,000 of investment cash inflows - Lone Cascade , was it submited as I think 30 days notice =equired

<=iv> thought =here was 10% audit holdback / other holdbacks did anyone check? =/div>

2) Art Sales - did anyone ask leon?

3) Boat Chart=r income - why no charter in Jan - April 2016 and Oct - Dec 2016

5) Miami construction of 170,000 per month do we have real numbers? =AO - footnote should mention total costs paid to date and total expected costs

6) Townhouse construction of 800,000 per month same -=footnote should mention total costs paid to date and total expected costs

7) Inve=tments" non publishing" you are not a publishing company=C2 increasing art loan by 25 bp????

Plane=operating expenses - using 2015 figures based on what premise? did a=yone chieck maintence required in 2016 not in 2015 or reverse

a) plane analysis is missing total hours flown / cost per hour / fuel consumption and cost per gallon / charter hours / apollo hours / domestic vs international / part 91 vs 135

-> all this information has already beeen prepar=d by management company

8) Inconsistant treatment .

-> dec 2016 cost of 150k per month after 8,000,000 pay down=prior month

-> seems high

-> principal paym=nt of 8,000,000 based on we talked about leon asking to put it on lo=n?

THE bank DOES NOT lend 100 percent of value . =AO this type of error is basic. ! no footnotes. =AO no excise tax or sales tax noted?

11) Boat operati=g expenses - using 2015 figures based on what premise? is there requ=red maintenance in 2016 not in 2015 or reverse

- 9)=Federal Taxes 2016 - if not payments are due what is projected overpayment - if so large should an amount be refunded in oct 2016?

10) Charity

a) 2,916,000 of commitments relates to Foundation and not sure it should be included on schedule / regardless it should be footnoted on schedule 3

11) Professional fees =f 1,560,000 what is breakdown of accounting vs legal?Leon needs to s=e all consultant fees. breakdown, and fees owed etc.

12) Residential non labor excluding insurance and Residential Labor - ea=h house should represent a cost which includes capital improvements, operating exp, labor, insurance, etc..

13) Personal Leisure - says used 2015 full year estimates - are these the same =stiimates from 2014, ? we are in January 2016

14) MS Misc Disbursements - 4,800,000 of cash f=ow? did anyone check with leon.

15) Overall pre=entation

a) t=tle of sources missing from top line

please note

T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of TEE

communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have recei=ed this communication in error, please notify us immediately by retu=n e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served