📄 Extracted Text (421 words)
To: Stephen Hanso
From: Jeffrey Epstein
Sent Thur 12/12/2013 1:17:56 PM
Barry,
We are just about there, The lawyers are reviewing the language today, and we should be able to
close today or tomorrow.
A few questions/thoughts:
I. if you follow the previous email trail and document revisions from your side, the last
document from your side agreed to the non-compete limited to NY and NJ, mirroring the
agreement in our llc operating agreement. When i asked for you to consider allowing a carve-out
for 2 restaurants, I thought that the carve-out was for 2 restaurants located in NY and NJ, The
last draft showed a change eliminating the oponunity for me to being able to work in the entire
United States, except for 2 restaurants outside ofNY and NJ? Thoughts?
2. I think it reasonable that i should be given notice , if you guys think i breached our agreement
and a period within which to cure the breach. mirroring all our other agreements.and I also
assume that as i going to try to help you sell the co. that once sold i get my 500k and the non
compete goes away seperate from strip house. is that right?
3 I am now told that you may no longer want to agree to the provisions in Section 12 of the
Separation Agreement that the loser pays a penalty for bringing and losing an arbitration
regarding Section 5(b)(ii) and non-payment under Section 5(d)? is that true? Yesterday's draft of
the Separation Agreement still includes the loser pays provision in Section 12. with a notation
that says open.
4. Obviously Some of the legal language in the documents needs small adjustment. For
example, i don't know what" negligently discloses " covers at the beginning of Section 5(bXiv).
And i assume the assignment doc for stock should include assumptions as well as assignments.
Otherwise, I think we are ready to go.
Sony for all the typos .Sent from my iPhone
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