EFTA01256058.pdf

From: Jeffs Edwards<eevacation mail.com> To: > Sent: 10/12/2008 9:14:03 PM Subject: Re: Note from John Kodweis: Conduit Names Do not use those names On 10/12/08 10:57 AM, " 1< > wrote: Here is the latest. ---- Original Message ---- From: Eric X Cheung Sent: 10/12/2008 12:49 AM EDT To: Jes Staley; Cc: ; Join S. Kodweis: Subject: Note from John Kodweis: Conduit Names Attached is the latest term sheet (5 pages) and the program diagram (1 page). I thought a brief explanation of the conduit names was in order. All are Dickens references. To me they seemed relevant to the task at hand, but if anyone thinks they are problematic then I have an alternative listed below. Micawber Co., LLC Wilkins Micawber, a friend of David Copperfield, recognizes the value of thrift. but can't bring himself to reign in his expenses. Despite the continual threat of debtors prison, he maintains a great sense of optimism, always sure "something will turn up." His famous dictum was: "Annual income twenty pounds, annual expendihre nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." Tellson's LLC The Tellson's Bank from A Tale of Two Cities is compared to prison and has staff described as the "oldest men who carry on business gravely" and when young men are taken to The Tellson's Bart "they are kept unseen like cheese until they had the NI Tellson's flavor and blue mold upon them." Marshalsea Funding, LLC Marshalsea was a notorious debtors prison that stood on the South Bank of the Thames for more than 500 years. William Dorritt, the father of Little Dorrit was imprisoned there, as was Charles Dickens's father. Jamdyce. LLC John Jarndyce is the owner of Bleak House and party to the notorious Jarndyce & Jamdyce lawsuit which concerns a vast inheritance. The suit is noteworthy for having gone on for so long that no one can remember what started it, and for the tremendous legal expense which threatens to consume the wealth at issue. Magwitch Co., LLC SDNY_GM_00077043 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000170 EFTA_OOI 87515 EFTA01256058 Abel Magwitch is a scoundrel who secretly provides Pip with the financing that is the basis for his Great Expectations in return for the kindness shown to him by the child Pip. Soon after being aided by Pip, Magwitch was captured and transported to Australia where he made a fortune. When he returns years later to visit the adult Pip, he is captured and his great wealth (and Pip's great expectations) is confiscated by the government. Alternative: The five conduits are named after the so called Five Good Emperors: Nerva Funding Co., LLC Trajan Funding Co.. LLC Hadrian Funding Co.. LLC Antoninus Funding Co.. LLC Aurelius Finding Co., LLC Thanks, John S. Kodweis Managing Director J. P. Morgan Securities Inc. 270 Park Avenue, Floor 8 New York, NY 10017 Telephone: Facsimile: Generally, this communication is for informational purposes only and it is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. In the event you are receiving the offering materials attached below related to your interest in hedge funds or private eqiity, this communication may be intended as an offer or solicitation for the purchase or sale of such fund(s). All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. Any comments or statements made herein do not necessarily reflect those of JPMorgan Chase & Co.. its subsidiaries and affiliates. This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure. copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase & Co.. its subsidiaries and affiliates. as applicable, for any loss or damage arising in any way from its use. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you. Please refer to htto://www.iomoraan.com/Dages /disclosures for disclosures relating to UK legal entities. SDNY_GM_00077044 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000171 EFTA_00I875i6 EFTA01256059