EFTA00663232.pdf

From: Cecile de Jongh < > To: JEE <jeevaeation(i;gmail.com> Subject: Fw: Questions Date: Tue, 18 Sep 2012 19:14:26 +0000 Please let me know the answers to the questions below. With warm regards, Cecile DISCLAIMER: The information contained in this e-mail may be privileged,confidential, and protected from disclosure. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or duplication of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately and delete all copies. "Nearly all men can stand adversity, but if you want to test a man's character, give him power." Abraham Lincoln .CP, Please consider the environment before printing this e-mail. ---- Forwarded Message From: Cecile de Jongh < To: JEE <jeevacation maii.com> Cc: Jeanne Brennan < >; Erika Kellerhals ; Darren Indyke Sent: Tuesday. September 18, 2012 12:35 PM Subject: Questions Hi Jeffrey, We have some questions that we need answered so that we can finalize the "Southern" application. Below, please find sections lifted from the Business Summary which need clarification or confirmation from you: 1. -Mr. Jeffrey Epstein is the President and sole shareholder of an existing Economic Development Commission ("EDC") beneficiary, Financial Trust Company, Inc. ("FTC") that was granted an extension of benefits in 2010. The client base of and the product provided by the Applicant differ markedly from those of FTC, hence the desire to create a new entity that will meet all of the requirements of the EDC. " QUESTION: Will the existing employees of FTC be transferred over to STC? 2. "While Mr. Epstein will be employed as the President of Southern Trust Company, Inc. he will not be considered as an employee for purposes of meeting the EDC employment EFTA00663232  requirement." QUESTION: If we leave this as is, then we will only have four employees not five. Should we add one more or do you want to change this statement.? 3. "During the initial phase of investment, it is anticipated the principal revenue sources will be from Africa, Asia and Europe." QUESTION: Can you confirm this? With warm regards, Cecile DISCLAIMER: The information contained in this e-mail may be privileged,confidential, and protected from disclosure. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or duplication of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately and delete all copies. "Nearly all men can stand adversity, but if you want to test a man's character, give him power." Abraham Lincoln CP, Please consider the environment before printing this e-mail. EFTA00663233