EFTA01455546.pdf

looking forward to our 9am EST call with our client, Jeffrey Epstein, tmw (Mon). I'd like for you and I to begin the conversation at a high level - introducing to Jeffrey the idea of a put as an independent but complimentary element of a loan and an opportunity for a client that likes the underlying hard asset and/or the probability adjusted return of premium collection (ie how this hard asset put idea could apply to many underliers). Then we can dive into the details of the structure of your PIK loan, the specific put, and the les bordes property. As you and I discussed before, Jeffrey started his career in derivatives, so it should be a decent dialogue. He's sharp, precise, very well-connected/informed, and likes to get to the point. Thanks in advance - speak with you at 9EST, call you a bit before then. Best, Tazia cell: 917-327-4107 Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: (212) 454-2889 Mobile: (917) 318-4852 Fax: (646 257-3131 E-mail: CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114369 CONFIDENTIAL SDNY_GM_00260553 EFTA01455546