EFTA00876505.pdf

From: Jeffrey Epstein <[email protected]> To: Boris Nikolic Subject: Re: FW: Compensation discussion Date: Sun, 07 Oct 2012 22:08:04 +0000 I sincerely appreicate both you, and the time you have spent on this. I love my job and am dedicated to its success. I think it is clearly in both of our interests for me to not be distracted , from my focus on you and helping you to do good work. That being said, I obviously need to consider , my financial needs and security, and you have been terriflice in wiling to address this. I have and will continue to give 24 hrs a day of my life. To be fair to us both , this means approx 20 -25 million dollars at the end of 4 years. I understand how Lanry might find the concept initailly difficult.to grasp however I am led to believe that your concern is really the amount of time this will take, so what I propose is to limit the time spent on this arrangment rather than limiting its payout. What I would propose would be fairly simple to implement. ie. a contract ( swap) that would be fairly liquid and would accomplish mostly all of our mutual goals in a simple manner ( tax, liquidity, valuation, termination etc). I believe that your original amount of 100 million would be fair and if you to limit the amount of gain . ( if that were your goal , we could do that ). I would receive the value above the average return on the rest of your portfolio, able to turn in the contract at any time either in part or in full. valuation methods are many and we can iron one out if agreed. ALtematively you can make a loan to me for the money and forgive it at the end of the 4 year period. in essence creating a lock up. This would insure my ongoing attendance, and allow me to begin to lead a life of dignity and peace. I On Sun, Oct 7, 2012 at 2:23 PM, Boris Nikolic < > wrote: B From: Bill Gates [mailto. Sent: Wednesday, October 03, 2012 3:30 PM To: Boris Nikolic (bgC3) Cc: Larry Cohen Subject: Compensation discussion After talking with you last I met with Larry and talked about the best path forward. I value your work immensely and want to make sure you are happy with the job and the compensation. We already changed the pay level significantly and now we are talking about what additional things would make sense. EFTA00876505 The idea of creating some kind of higher upside is something I am open to particularly as long as it doesn't become a distraction. The part of the conversation last time I haven't gotten comfortable with is trying to do 6-8 deals over a 2 year time period. Finding the deals, making sure the terms are fair, understanding how much they want to use the connection to me, and ongoing involvement is likely to be time consuming. My current thinking is to limit the deal activity to at most 3 deals over the next 18 months. We would learn about how complex they are — are some quite simple? The deals would be something like $5M-$12M each. The timeframe for valuation for payout and the valuation technique are tricky. Do you wait until there is some liquidity before the valuation gets done or is there a known timeframe? I take all of the overall downside. We could so something like 25% of the upside above 0% or something like 40% or the upside above 5%. Given that I am limiting the scope of the deal activity so we can learn about it I am willing to raise your salary level up from what we are doing now. I would be willing to add another 25% to where we are which gets you above S1 M on the non-deal piece. If later we decide that the deals can scale to the 6-8 level then I would talk to you about taking the 25% increase off but we will have 18 months to look at that. This is my current thinking which I look forward to discussing. I really enjoy our work together and I am committed to finding something that works. Larry will help us get this pulled together. EFTA00876506 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00876507