EFTA00741336.pdf

From: Jeffrey Epstein <jeevacation@gmail.com> To: Ssulayem Subject: Re: LG Funding term sheet and draft IM Date: Thu, 29 Oct 2009 11:26:11 +0000 congragulations the pim is very well done.. I would have like to see more detailed revenue projections , but he desription of the project is first class . I think you might ask for alternative swap structures. On Wed, Oct 28, 2009 at 1:34 PM, Ssulayem < wrote: Dear Jeffrey i attach a detailed info Memo on the london gateway project. This has all info on the project. i also attach a background note on the financing which will tell you where we are. You will note that we have currently progressed on Sterling 220M with EIB and approx Sterling 500M from commercial banks. So we are still a little short. What we need is EIB to increase their funding to Sterling 300M and to further provide Mezz financing of Sterling 50M. This is critical for the project to make sense because they are cheaper and have a longer tenor for the loans. We also need the local UK banks to increase both the size of their commitment as well as the tenor. If we get all we are asking for even then the returns are marginal but we can go forward given of out long term interest in the business. I also attach a draft term sheet for the EIB as well as commercial banks that we are seeking to enable us go forward. Do review this and i then look forward to hearing from you whether you can get this done. Best Regards Sultan EFTA00741336 DISCLAIMER******************************************** This email and any files transmitted with it are confidential and contain privileged or copyright information. If you are not the intended recipient you must not copy, distribute or use this email or the information contained in it for any purpose other than to notify us of the receipt thereof. If you have received this message in error, please notify the sender immediately, and delete this email from your system. Please note that e-mails are susceptible to change.The sender shall not be liable for the improper or incomplete transmission of the information contained in this communication,nor for any delay in its receipt or damage to your system.The sender does not guarantee that this material is free from viruses or any other defects although due care has been taken to minimise the risk. ******** ********** ****** ********** ***************************************************** *********** 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. EFTA00741337