EFTA01897280.pdf

To: Ari Gla From: Jeffrey Sent Mon 3/18/2013 3:18:23 PM Subject: Re: seb is out of galleon??? On Mon, Mar 18, 2013 at 10:12 AM, Ari Glass wrote: Thanks for your time this morning. This is how I would picture this working. Pete and Seb would be the co-managing members of GP. They have great all around experience from Goldman says in terms of manager selection. Pete is especially good with equities and credit, Seb is especially good on anything quant related and risk. Helmut would lend his name to the entity but would act as Chairman and not involved in day to day but would sit on investment committee. The one area they are lacking which is really part of the differentiation between fund of fund type activity and Millennium style approach is the business aspect (sourcing under the radar talent, negotiating terms, etc.) and the operations of running this type of a business which me and my existing team excel at. For the benefit of all Pm willing to not be on the GP and stay out of spot light. Their goal had been to recreate commodities corp. I strongly believe that Millennium is a better version of what commodities corp was for a number of reasons. Our visions happened to have been pretty close to begin with. They believe time is money and have now been burned twice going down a road with people who claimed they bad big checks to back them but ultimately did not deliver. These were both very disruptive to their business and they are sensitive to that. I suggested a one week period where you have the ability to vet them, and if you decided to move forward they would devote one week to get comfortable that the money is real. I represented to them that the general idea would be $100m day I —which realistically would have a target date of July I, with it going to S500m within months. I would shut down the Boothbay entity and roll it into whatever the new entity would be called including all the IP and infrastructure we have spent close 18 months and millions of dollars building. Please let me know if you would like to meet with them. Thanks Ari EFTA_R1_00323169 EFTA01897280  Ari Glass Boothbay Management Managing Member 810 7'h Ave Suite 405 New York, NY 10019 The information contained in this c-mail and any attachments may be legally privileged, proprietary and/or confidential. If you are not an intended recipient, you are hereby notified that any use, copying, disclosure or distribution of all or any portion of this e-mail and any attachments is strictly prohibited. If you received this e-mail in error, please notify the sender, permanently delete the e-mail and any attachments, and destroy all hard copies immediately. This communication should not be regarded as an offer, solicitation or recommendation to sell or purchase any security or other financial product. Boothbay and its related entities reserve the right to monitor and/or save all e-mail communications through their networks. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00323170 EFTA01897281