Epstein Secrets

sgjsp?msgid=88448,:folder=.. SHOPPERS TRAVEL AGENT RS/RS BOOKING REF ZKAZC6 196 PRINCETON-HIGHTSTOWN RD WEST WINDSOR NJ 08550 DATE: SEP 29 2005 DELTA AIR LINES 29SEP NEW YORK NY COLUMBUS OH 130P 318P DL 6375 THURSDAY LA GUARDIA PORT COLUMBUS O ECONOMY TERMINAL DL NON SMOKING NON STOP RESERVATION CO

re Office (to be transferred to Excluded Properties) 700,000 700.070 IV (Value/Payment included in Cub Flow keen Mewed Proputia) MOOD (600,000) New Albany Country Club (Assumed Valui ix zero ILI of 121302004) 4,000,000 (4,000,000) Estimated Value of Managed Propertim Remaining before Contingency $ 121,656,332 $

... SHOPPERS TRAVEL AGENT RS/RS BOOKING REF ZKAZC6 196 PRINCETON•HIGHTSTOWN RD WEST WINDSOR NJ 08550 BURNS/DANA 609 936-0808 DATE: SEP 29 2005 DELTA AIR LINES 29SEP NEW YORK NY COLUMBUS OH 130P 318P DL 6375 THURSDAY LA GUARDIA PORT COLUMBUS O ECONOMY TERMINAL DL NON SMOKING NON STOP RESERVATION CON

90,562) (34,173,612) (I/ Sot pop 2 of the Calculation of Fotimstol Peforoseee Fee for sail of the Managed Cash Flows for sag. 2002.2004. nen.* °OW New Albany Country Club It not ineluckil yeti/ 1/1/2005 AB Cash Flows are nod to pay NACO MOWN( end say. Cant It applied as a NACO Caput: Account reduction. (2) The Annua

CI SHOPPERS TRAVEL AGENT RS/RS BOOKING REF 196 PRINCETON.HIGHTSTOWN RD WEST WINDSOR NJ 08550 609 936.0808 J EPSTEIN NY 10022 DATE: SEP 29 2005 DELTA AIR LINES 29SEP NEW YORK NY COLUMBUS OH 130P 318P DL 6375 THURSDAY LA GUARDIA PORT COLUMBUS 0 ECONOMY TERMINAL DL NON SMOKING NON STOP RESERVATION CO

079.4% (MOBS ( I) Sze pigs 2 of the Cakulacion of Estimated Performance Fee far detail of the Managed Cash Flows for years 2002.2004 . Please noer New Albany Country Club is not included until Innoos AJI Cash Man an vØ to pay NACO Interco( and any mumps Is applied ma • NACO Capital AMON redoaran. (2) Tie Annual teint

et/wam/thstgortagid=8644ettolder=9 SHOPPERS TRAVEL AGENT RS/RS BOOKING REF= 196 PRINCETON-HIGHTSTOWN RD WEST WINDS R NJ 08550 DATE: SEP 29 2005 DELTA AIR LINES 29SEP NEW YORK NY COLUMBUS OH 130P 318P DL 6375 THURSDAY LA GUARDIA PORT COLUMBUS 0 ECONOMY TERMINAL DL NON SMOKING • NON STOP RESERVATION

(co be transferred to Excluded Properties) 700,000 700.000 WI JV (Value/Paynent included in Cash Flow from Mated Properties) 600,00) (600.000) New Albany Country Club (Assumed Vslué is rem as of 12/31/2004) 4,000.000 (4,000,0012) Batlented Vine d blaserged Proper*. Reantalsg before Caeliggemy 121,666,333 $ 85,1