EFTA01011182.pdf

From: Richard Kahn To: Jeffrey Epstein <[email protected]> Subject: Fwd: Follow up Date: Wed, 19 Dec 2018 13:25:22 +0000 please advise thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax cell Begin forwarded message: From: Paul Barrett < Subject: Fwd: Follow up Date: December 18, 2018 at 10:59:49 PM EST To: Richard Kahn < Did you guys talk about it? Paul Barrett Alpha Group Capital LLC 142 W 5711 trees u, Y rk, NY 10019 o (c) Begin forwarded message: From: Date: December 10, 2018 at 12:14:45 AM EST To: Jeffrey Epstein leevacation@grrtn> Cc: Richard Kahn <I Subject: Follow up Hi Jeffrey, I hope things are well. EFTA01011182 I still have not heard from you regarding your suggestion for a revised proposal. It is obvious you no longer wish to work together. Considering we had a 2 year deal at $1.5mm, which was reduced down to $1.1mm based on other client fees, and no performance clause built in to our contract, I think the following is a reasonable settlement: - Pay me through December 31st at a pro-rata of $275K - Pay the $25K balance that is past-due 6 months dating from June = $300K to void the remainder of the contract and amicably part ways. Please note that even though I have not been paid since the June invoice I have continued to oversee your portfolio in good faith in the absence of any new direction from you. On the basis of a 2-year commitment from you, which was totally devoid of any performance clause or rules stipulating management targets, I walked away from all my JPM stock and now my annual compensation is reduced by 66% until I can sign more clients. In hindsight, we should have reviewed your portfolio together on a monthly basis from the very beginning. I am sorry that the performance did not match your expectations. Perhaps a better understanding of how you wanted the portfolio managed would have resulted in a different outcome. If I am wrong and you want to continue to work together, please send your proposal this week. My Alpha Group execution account guarantees you access across the street if you need it. And you keep the syndicate pa. Thank you. Paul Paul Barrett Alpha Group Capital LLC 142 W 571 Street 111 Floor, New York, NY 10019 mo o)-) Paul Barrett Alpha Group Capital LLC 111 et, 11h Floor New York, NY 10019 EFTA01011183