EFTA02470166.pdf

"From: Jennie Enterprise Sent: Tuesday, March 8, 2016 4:10 PM To: Jeffrey Epstein Subject: Fwd: Revised CORE/NM Investment Structure"

"Newco pays JE compensation of $100,000 for services rendered."

"JE acquires RFR's interests in TCCI and TCGM for $100,000 (in the aggregate)."

"reimburses JE for TCCI expenses previously paid by JE ($1M in the aggregate)."

"CORE: Jennie Enterprise dand'enter.rise Founder & Chairman"

"Bruce C. Davison Dentons US LLP"

"TCC IP forms Newco as a new wholly-owned subsidiary."

"Kristina E. Beirne Partner ... Dentons US LLP"

"Newco as licensor will receive periodic payments (or payments upon a capital event) of fees from the Club Entity in an amount equal to the net operati"

"any future know-how and IP generated by the Club's operations will be owned by Newco"

"Dentons US LLP 1221 Avenue of the Americas, New York, NY 10020-1089"

"so that Newco as licensor (and therefore indirectly the Investor) has the same rights Investor would have if he owned his interest in the Club Entity "

"agreement that allows Investor to purchase 49% of the Club Entity for $100 in connection with (and immediately prior to) certain exit events"

"Investor makes a convertible loan to Newco of $6 million."

"Hi Jeffrey ! Forgot to send you this last week ....Love you !"