Epstein Secrets

From: Daniel Sabba To: Jeffrey Epstein <[email protected]> CC: Vahe Ste anian , Richard Kahn Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Date:

Date: Tue, 20 Jan 2015 15:44:04 +0000 >, Paul Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for 1y options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional: 2

ngton Avenue 4th Floor New York NY 10022 tel fax cc Begin forwarded message: From: Ariane Dwyer < To: Richard Kahn < Cc: Vahe Ste anian < >, Daniel Sabba < Indyke < Subject: Monthly TWTR Swap Reset [C] Date: July 1, 2015 at 11:57:57 AM EDT Classification: Confidential Hi Rich, >, Darren Can you

k 5-27 TWTR Stock 6-29 Reduction in Price 36.41 34.21 2.20 x 100,000 Notional = 220,000 EFTA00852505 Interest CALCULATION 100,000 Notional x TWTR Spot as of 5-27-2015 36.41 3,641,000 Notional for Interest Calculation 3,641,000 x 0.96650%(I month libor + 75 basis points) = 35,190.26 /12 months — 2

Tuesday, January 20, 2015 12:18 PM To: Stewart Oldfield Subject: Fw: Twitter follow-up - TRS + short calls [C] Classification: Confidential From: Daniel Sabba Sent: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Richard Kahn < >; Paul Morris Subject: R

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional:

Morris <E > Date: Tue, 20 Jan 2015 18:12:14 -0500 To: Daniel Sabba <M > Classification: Confidential Did he trade today Seeing him friday From: Daniel Sabba Sent: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Richard Kahn <M I>; Paul Morris Subject:

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional:

Subject: Re: Twitter follow-up - TRS + short calls [C] From: Paul Morris a> Date: Tue, 20 Jan 2015 18:19:33 -0500 To: Daniel Sabba Classification: Confidential Ok Yes me and chip Let's go through other names friday From: Daniel Sabba Sent: Tuesday, January 20, 2015 05:16 PM

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: EFTA01471966 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer:

Subject: Re: Twitter follow-up - TRS + short calls [C] From: Daniel Sabba ‹ > Date: Tue, 20 Jan 2015 18:16:19 -0500 To: Paul Morris ‹ > Classification: Confidential We spoke when he landed in florida. Haven't traded ye

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC EFTA01471962 Option Buyer:

ris Sent: 1/20/2015 1:18:13 PM To: Stewart 0ldfield Subject: Fw: Twitter follow-up - IRS + short calls [C) Classification: Confidential From: Daniel Sabba Sent: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Richard Kahn Paul Morris Subject: RE: T

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional: 2

etween doing the trade using TRS construct or margin account financing and would like to connect to discuss it with you. Regards, Daniel (I From: Daniel Sabba Sent: Tuesday, January 20, 2015 10:44 AM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: RE: Twitter follow-up - TRS +

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional: 2

Tuesday, January 20, 2015 12:18 PM To: Stewart Oldfield Subject: Fw: Twitter follow-up - TRS + short calls [C] Classification: Confidential From: Daniel Sabba Sent: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Richard Kahn <[email protected]>; P

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional: 2

Tuesday, January 20, 2015 12:18 PM To: Stewart Oldfield Subject: Fw: Twitter follow-up - IRS + short calls [C] Classification: Confidential From: Daniel Sabba Sent: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Richard Kahn Paul Morris Subject: RE: T

t: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR: Option Seller: Southern Financial LLC Option Buyer: DB Notional: 2