To: Jeffrey [email protected]] From: Paul S Barrett Sent: Thur 12/9/2010 4:52:25 PM Subject: RE: Oil Done at $48,000 I think we work an order at 85 to initiate a new risk reversal to replace this. Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:[email protected]] Sent: Thursday, December 09, 2010 11:40 AM To: Paul S Barrett Subject: Re: Oil sell On Thu, Dcc 9, 2010 at 11:34 AM, Paul S Barrett < wrote: oil option now bid at $45,000 EFTA_R1_00209158 EFTA01831874

Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailtrgicevacation(a)email coml Sent: Thursday, December 09, 2010 11:31 AM 0: Paul S Barrett Subject: Re: Oil shouldihavevatchedmysal this is ridiculous OnThu,Dec9,2010at11:30AM,PaulSBarrett wrote: $30,000 - S119,000 Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W S7th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:jeevacationO gmail.comj Sent: Thursday, December 09, 2010 11:27 AM EFTA_R1_00209159 EFTA01831875

To: Paul S Barrett Subject: Re: Oil no the range of the calls On Thu, Dec 9, 2010 at 11:25 AM, Paul S Barrett < )- wrote: 90.85 on the Th of Dec Range has been 80 — 90.85 over the past 30days Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 From: Jeffrey Epstein [mailto:teevacationtegmail.coml Sent: Thursday, December 09, 2010 11:23 AM To: Paul S Barrett Subject: Re: Oil how high did it get in the past two weeks„ On Thu, Dec 9, 2010 at 11:06 AM, Paul S Barrett wrote: We can sell the 90 oil call that expires next week for 30,000. Was cashless upfront. EFTA_R1_00209160 EFTA01831876

New risk reversal would be: Aug2011 contract 100 Call 81.25 Put Or 105 Call 77.25 Put Both cashless I like the 1B1 strategy Paul Barrett, CFA Managing Director Global Investment Opportunities Group JPMorgan Private Bank 40W 57th Street, 33rd Floor, New York, NY 10019 EFTA_R1_00209161 EFTA01831877

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for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at htip: V1/4 1% Maio! 2an coin pages/disclosures email. * * * * * * * ****** ************ ********************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] and destroy this communication and all copies thereof, including all attachments. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http:Rwww.kmonian.comipauesidisclosuresicmail. *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacationOgmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA_R1_00209163 EFTA01831879