Epstein Secrets

D NJOSTAARY kV Men Seven Cop Ere ilenTertt Camp Abe *mar 112014859 EPSTEIN INTERESTS STATD/ENT PER

10';[. 6 till Your messages Earb Bear. Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31, 2002 and July 31. 2002. the Companys net capital of approximately $2.5 billion and $2.0 billion was approximately 7% and 6% of aggregate debit items and exceeded the minimum regulator

a*Way Bey. Slain Secvain Coro, Ore thrown, Conn Abe, t wo" pow vceg it 201.11.59 EPSTEIN INTERESTS

ur messages tVr /Th STOP Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At November 30. 2004 and January 31. 2005. the Companys net capital of approximately S3.8 billion and S3.8 billion was approximately 6.4% and 6.3% of aggregate debit items and exceeded the minimum regula

oona looPhmooPin , ”nitre a 'Wad." Y•• WV "Mail" Abe Str CONFIDENTIAL SONYGPVL00013187 CONFIDENTIAL

of the promises, agreements, conditions, understandings, warranties and representations among the parties hereto with reby..kt to the Company, the Companys business and the Company Assets, and there are no promises, agreements, conditions, understandings, warranties or representations, oral or written,