From: "Gladwyn, Henry" <Henry.GladwyngSlaughterandMay.com>
To: "Jeffrey epstein" <jeevacationggmail.com>
Cc: "Ian Osborne" <iwogiwosborne.com>, "HORTON, Mark"
<Mark.HORTONgSlaughterandMay.com>
Subject: RE: JV letter and Investment Letter
Date: Tue, 07 Feb 2012 19:12:49 +0000
Attachments: JV Letter 510769229 22.DOC; Investment letter 510774411 23.DOC
CONFIDENTIAL EMAIL FROM SLAUGHTER AND MAY - THIS EMAIL AND ANY ATTACHMENT MAY BE PRIVILEGED
Jeffery,
Please ignore the attachments to my last email. The correct attachments are now included.
Kind regards,
Henry
Henry Gladwyn
Associate
DD 020 7090 3276
Mobile 07827953126
Slaughter and May
One Bunhill Row
London
EC 1Y 8YY
From: Gladwyn, Henry
Sent: 07 February 2012 18:55
To: 'Jeffrey epstein'
Cc: Ian Osborne; HORTON, Mark
Subject: RE: )V letter and Investment Letter
CONFIDENTIAL EMAIL FROM SLAUGHTER AND MAY - THIS EMAIL AND ANY ATTACHMENT MAY BE PRIVILEGED
Jeffrey,
Attached are the latest drafts of the Investment Letter and Joint Venture Letter.
Investment Letter
Amendments as discussed on the last two calls, in particular:
1. To specify that such interest as is earned on the loan amounts while they are in the Company's bank
account shall be proportionately returned to the Investors. As discussed, this structural modification
should deal with the concern of your US tax adviser.
EFTA01173471
2. To specify, in the event of the death or incapacity of both Directors, the Guernsey administrator will
appoint directors to distribute investments to Investors;
3. To cover the disclosure of 'Exempt Investments' to the Investors; and
4. To state that the Company's accountant will provide Investors with a confirmation of the investments
held by the Company every quarter.
Joint Venture Letter
To state explicitly that, in the event that Ian and Jacob cannot resolve a deadlock situation, Ian will buy
out Jacob's 50 per cent. share based on the formula in 3(C) of the Letter.
Ian was hoping you would be able to confirm that you are happy with the drafts overnight so that we
can send them to Solina tomorrow.
Kind regards,
Henry
Henry Gladwyn
Associate
DD 020 7090 3276
Mobile 07827953126
Slaughter and May
One Bunhill Row
London
EC 1Y 8YY
SLAUGHTER AND MAY, One Bunhill Row, London EC1Y 8YY
For more information, go to www.slaughterandmay.com
TEL: +44 (0)20 7600 1200 FAX: +44 (0)20 7090 5000
Authorised and regulated by the Solicitors Regulation Authority. Firm SRA number 55388
A list of partners is available for inspection at the above address
SLAUGHTER AND MAY, One Bunhill Row, London EC1Y 8YY
For more information, go to www.slaughterandmay.com
TEL: +44 (0)20 7600 1200 FAX: +44 (0)20 7090 5000
Authorised and regulated by the Solicitors Regulation Authority. Firm SRA number 55388
A list of partners is available for inspection at the above address
EFTA01173472