Slaughter and May One Bunhill Row From: Ian Osborne < Sent: Thursday, November 17, 2011 12:39 AM To: Jeffrey Epstein Subject: Fwd: Structure Memo Attachments: Structure memo 510244796_21.OOC; Untitled attachment 00548.htm Sent from my iPhone Begin forwarded message: From: "Gladwyn, Henry" < <mailto > > Date: 14 November 2011 13:23:08 EST To: "Ian Osborne" < <mailto », "Jacob Burda" Cc: "HORTON, Mark" < Subject: Structure Memo CONFIDENTIAL EMAIL FROM SLAUGHTER AND MAY - THIS EMAIL AND ANY ATTACHMENT MAY BE PRIVILEGED Ian/Jacob, Attached is our structure memo for investors. We have left the name of the company and the way in which expenses are to be funded in square brackets. Kind regards, Henry Henry Gladwyn Associate EFTA_R1_01993578 EFTA02681751

London EC1Y 8YY SLAUGHTER AND MAY, One Bunhill Row, London EC1Y 8YY For more information, go to <http://www.slaughterandmay.com> www.slaughterandmay.com <http://www.slaughterandmay.com> Authorised and regulated by the Solicitors Regulation Authority. Firm SRA number 55388 A list of partners is available for inspection at the above address 2 EFTA_R1_01993579 EFTA02681752