# Profoundd archive — Epstein Files
# Bates number: EFTA01937255
# Title:        To: Richard Kahn
# Dataset:      10
# Pages:        4
# Tags:         epstein, doj, dataset-10
# Source PDF:   https://profoundd.com/epstein-docs/EFTA01937255/download
# Doc viewer:   https://profoundd.com/epstein-docs/EFTA01937255
#
# Text below is what Profoundd has extracted from the source PDF.
# 'ocr-enriched' tag means OCR was applied to scan-only pages.
# Image descriptions are AI-generated factual captions (llava:13b).
#----------------------------------------------------------------------

=== SUMMARY ===
To: Richard Kahn From: Cecile de Jon Sent: Mon 2/10/2014 2:17:45 PM Subject: Fw: Proposal re AYH—use this one With warm regards, Cecile JEE[jeevacation©gmail.corn] On Monday, February 10, 2014 9:07 AM, "Garrison, Frank" <fa wrote: Cecile, Thank you for the response. I appreciate the spirit in which the counter offer was made. In the interest of allowing Jeffrey and Andrew to put this behind them, I am confirming IGY's acceptance to what I believe your counter offer to be. As you can see I have c


=== EXTRACTED TEXT ===
To: Richard Kahn 
From: Cecile de Jon 
Sent: Mon 2/10/2014 2:17:45 PM 
Subject: Fw: Proposal re AYH—use this one 
With warm regards, 
Cecile JEE[jeevacation©gmail.corn] 
On Monday, February 10, 2014 9:07 AM, "Garrison, Frank" <fa wrote: 
Cecile, 
Thank you for the response. I appreciate the spirit in which the counter offer was 
made. In the interest of allowing Jeffrey and Andrew to put this behind them, I am 
confirming IGY's acceptance to what I believe your counter offer to be. As you can 
see I have changed the amount of cash payment to $292,655 as requested. Note that 
the payment would come from IGY not AYH (because if from AYH, Jeffrey would be 
effectively paying half of it which I do not believe you or he intends). For the sake of 
clarity, I have reiterated all of the terms of your revised proposal below: 
The following is intended to be in the nature of a settlement proposal and by 
agreement among the parties will be treated as such and not be admissible in any 
future proceeding. 
1) Office rent at AYH would be reduced by $6/foot from the currently stated 
amounts in the lease. 
2) The management fee at AYH would be reduced by 33%, i.e., from 7.5% to 5% 
effective the first day of the calendar month following execution of a formal 
agreement. 
3) IGY would make a cash payment of $292,655 to Jeffrey Epstein within 10 
business days of agreement (NB: This amount is the precise amount of a 
contemplated interest "adjustment" that has been previously discussed. ) 
4) Fuel for vessels currently owned by JE and affiliates would be allowed to 
purchase fuel at AYH at a 20% discount to published price. Charges for fuel 
purchases would be due by the end of the third business day following date of 
purchase. 
5) The arrangement for the provision of 75 linear feet of dock space would remain 
in place unchanged 
6) Jeffrey Epstein would receive a 10% slip rental discount on all other existing 
boats/slips. This discount is currently not memorialized anywhere and new slip 
agreement would be executed to memorialize. 
7) The parties would execute mutual releases as part of a formal agreement 
I will instruct IGY's general counsel to prepare documentation so we can bring this to 
conclusion expeditiously. My goal is to have an agreement ready for execution so 
that we can conclude no later than Feb 28. 
EFTA_R1_00393355 
EFTA01937255
Frank 
Frank M. Garrison 
Island Capital Group LLC 
One American Center 
3100 West End Ave Suite 1230 
Nashville, TN 37203 
From: Cecile de Jongh imalito 
Sent: Saturday, February 08, 2014 9:35 AM 
To: Garrison, Frank 
Cc: Cecile de Jongh 
Subject: Re: Proposal re AYH--use this one 
Good morning Frank, 
Please see the below counter proposal that Jeffrey wanted me to send to you. 
He is asking that AYH make a cash payment of $292,655 (as opposed to the 
$165,473 offered) based on the following reasons: 
a. The $165,473 payment offered does not include accrued interest from the 
period of May 29, 2007 through February 4, 2014. 
• Interest for this period amounts to $135,809 at 9% statutory 
rate under New York's Civil Practice Laws and Rules 
b. AYH made no reconciliation for the approximately $308,000 of rents 
written off that had management fees paid on it. 
• $308,000 x 7.5% = $23,100 
c. Management fees from 7.5% to 5.0% included no payback of 2.5% fees 
from inception to date. 
• $3,818,253 (2007-2013) x 2.5% = $95,456 
The above three items add an additional $254,365. If we split this amount, to be fair, 
then Jeffrey should be paid a lump sum of $292,655 (original amount $165,473 + 
$127,182 = $292,655). 
Please let me know your thoughts. 
With warm regards, 
Cecile 
On Thursday, January 30, 2014 5:38 PM, "Garrison, Frank" wrote: 
Cecile, 
EFTA_R1_00393356 
EFTA01937256
I corrected a typo in the version I sent a few minutes ago; just made item 2 , two 
separate items. 
We have revisited the facts and circumstances surrounding Jeffrey Epstein's 
investment in AYH and had several discussions . The following is intended to be in 
the nature of a settlement proposal and by agreement among the parties will be 
treated as such and not be admissible in any future proceeding. 
1) Office rent at AYH would be reduced by $6/foot from the currently stated 
amounts in the lease. 
2) The management fee at AYH would be reduced by 33%, i.e., from 7.5% 
to 5% effective the first day of the calendar month following execution of a 
formal agreement. 
3) IGY would make a cash payment of $165,473 to Jeffrey Epstein within 10 
business days of agreement (NB: This amount is the precise amount of a 
contemplated interest "adjustment" that has been previously discussed. ) 
4) Fuel for vessels currently owned by JE and affiliates would be allowed to 
purchase fuel at AYH at a 20% discount to published price. Charges for fuel 
purchases would be due by the end of the third business day following date of 
purchase. 
5) The arrangement for the provision of 75 linear feet of dock space would 
remain in place unchanged 
6) Jeffrey Epstein would receive a 10% slip rental discount on all other 
existing boats/slips. This discount is currently not memorialized anywhere and 
new slip agreement would be executed to memorialize. 
7) The parties would execute mutual releases as part of a formal 
agreement 
You will remember that in the past we have recommended mediation in an effort to 
move things along and even proposed a specific construct and some specific 
mediators. If Jeffrey is unwilling to accept the foregoing for whatever reason, we 
again request that you and he consider mediation in an effort to advance the 
process. 
Thank you in advance for your consideration. The foregoing is not intended to be a 
binding offer but rather an outline of terms that we believe could be incorporated into 
an agreement or agreements which would become binding when executed and 
delivered by all parties. 
Frank 
Frank M. Garrison 
Island Capital Group LLC 
One American Center 
3100 West End Ave Suite 1230 
EFTA_R1_00393357 
EFTA01937257
Nashville, TN 37203 
This message, and any attachments hereto, is confidential and intended exclusively 
for the use of the individual or entity to whom it is addressed. This communication 
may contain information that is confidential, proprietary, privileged, subject to a 
confidentiality and/or non-disclosure agreement, or otherwise exempt or protected 
from disclosure (either by contract or under applicable law). If you are not the 
intended recipient, you are hereby notified that printing, retaining, reproducing, 
copying, disclosing, disseminating or using this message or any information 
contained herein (including any reliance thereon) is strictly prohibited. If you have 
received this message in error, please contact the sender immediately and destroy 
the message (including any attachments) and any copies in their entirety, whether in 
electronic or hard copy format. Nothing contained in this e-mail shall be considered a 
legally binding agreement, amendment or modification of any agreement with Island 
Capital Group LLC or any of its affiliates, each of which requires a fully executed 
agreement to be received by Island Capital Group LLC or such affiliate. 
This message, and any attachments hereto, is confidential and intended exclusively for the 
use of the individual or entity to whom it is addressed. This communication may contain 
information that is confidential, proprietary, privileged, subject to a confidentiality and/or 
non-disclosure agreement, or otherwise exempt or protected from disclosure (either by 
contract or under applicable law). If you are not the intended recipient, you are hereby 
notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this 
message or any information contained herein (including any reliance thereon) is strictly 
prohibited. If you have received this message in error, please contact the sender immediately 
and destroy the message (including any attachments) and any copies in their entirety, 
whether in electronic or hard copy format. Nothing contained in this e-mail shall be 
considered a legally binding agreement, amendment or modification of any agreement with 
Island Capital Group LLC or any of its affiliates, each of which requires a fully executed 
agreement to be received by Island Capital Group LLC or such affiliate. 
EFTA_R1_00393358 
EFTA01937258