To: jeevacationiagmail.comijeevacationetgmail.corn] From: Giuseppe Cipriani Sent Mon 7/5/2010 1:29:40 PM Subject Re: Fw: Rafifi acquisition Title: Re: Fw: Rafifi acquisition Tried calling you.call me anytime on my cell — Original Message -- From: Jeffrey Epstein <jeevaeationftmail.com> To: Giuseppe Cipriani Sent: Mon Jul 05 08:12:04 2010 Subject: Re: Fw: Rafifi acquisition can we speak today? On Tue, Jun 29, 2010 at 2:39 AM, Giuseppe Cipriani wrote: F—romlivginaallita io To: Giuseppe Cipriani Sent: Mon Jun 28 19:04:37 2010 Subject: Rafifi acquisition Our understanding: • New co. to acquire the lease of the club known as "Rafiffi" located at rent of Appx £50,000 t the passing • The investment appx £800,000 to cover the cost of acquiring the benefit of the remaining 15 years of the lease amounting to £360,000; the finder's fee to the agent £10,000 and the remaining to be used to refurbish the establishment, build the brand and for general working capital • Once the investment has been repaid (LB} and {GC} to be entitled to retain 66% shares (113-33%), (GC-33%) of the newly formed company that will hold the lease and assets of the title. • A new company will be conned to manage the establishment and will be entitled to £200,000 per year equally divided between Livio Bisterzo (£100,000) and Giuseppe Cipriani (£100,000) L www.alvarogroup.co.uk www.maddoxclub.com www.kyokufomten.com www.pollenst.com www.firstmodelmanagement.co.uk Sent from my Blackberry@ wireless device EFTA_R1_01471844 EFTA02410817

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