📅 Dec 5, 2013 REDACTED

Re: Friday Bedford

From: Unknown

To: Lesley Groff

Thanks. Hope he is feeling ok! Sent from my iPhone On Dec 5, 2013, at 12:27 PM, Lesley Groff wrote: Hi this trip may cancel due to JE's severe allergic reaction! We ' have to wait and scc...thanks

Thanks. Hope he is feeling ok!

Sent from my iPhone

On Dec 5, 2013, at 12:27 PM, Lesley Groff wrote:

Hi this trip may cancel due to JE's severe allergic reaction! We ' have to wait and scc...thanks

📅 Dec 11, 2013

Reminder: Can Jeff Koons do breakfast or lunch week of Dec. 16?

From: Google Calendar

To: Lesley Groff

Event: Can Jeff Koons do breakfast or lunch week of Dec. 16? When: Wed Dec 11, 2013, 6:00 AM - 6:30 AM Eastern Time Organizer: Lesley Groff

Event: Can Jeff Koons do breakfast or lunch week of Dec. 16?
When: Wed Dec 11, 2013, 6:00 AM - 6:30 AM Eastern Time
Organizer: Lesley Groff

📅 Dec 9, 2013

Re: Jeffrey Epstein

From: Lesley Groff

To: Catherine Luiggi

You're the BEST! thanks! On Dec 9, 2013, at 4:39 PM, Catherine Luiggi wrote: Hi, Jeffrey is going to Leon's concert at Carnegie Hall with four other people. We have put five tickets aside in his name. They will be at will call. Here is the schedule: I p.m. Pre-concert talk by Leon 2-3:30 p.m. (no intermission) - Concert Program: "Strauss: Self-Portrait of the Artist" Feuersnot Let me know if you need anything else. All is well - I love the holiday season. Catherine • Catherine Susser Luigg

You're the BEST! thanks! On Dec 9, 2013, at 4:39 PM, Catherine Luiggi wrote:

Hi, Jeffrey is going to Leon's concert at Carnegie Hall with four other people. We have put five tickets aside in his name. They will be at will call. Here is the schedule: I p.m. Pre-concert talk by Leon 2-3:30 p.m. (no intermission) - Concert

Program:
"Strauss: Self-Portrait of the Artist"
Feuersnot

Let me know if you need anything else.

All is well - I love the holiday season.

Catherine

• Catherine Susser LuiggiI Executive Assistant to the President <u>Bard</u> Cotle e I PO Box 5000 Annandale-on•Hudson. NV 12504

<u>www.bard.edu</u>

On Dec 9, 2013, at 4:30 PM, Lesley Groff wrote:

hello Catherine! Hope you are having a nice holiday season! Jeffrey sent me an email stating:

15th Carnegie, Botstein

Can you please enlighten me! :)

Lesley

📅 Nov 19, 2013

Alert - log on to SWR consignment boutique

From: Lesley Groff

To: Lesley Grof

November 19, 2013 9:30 AM : log on to SWR consignment boutique EFTA R1_00753702 EFTA02120395

November 19, 2013 9:30 AM : log on to SWR consignment boutique

EFTA R1_00753702
EFTA02120395

📅 Nov 19, 2013

Re: Jeffrey Epstein

From: Lesley Groff

To: ion nicola

super ,thanks On Nov 19, 2013, at 3:45 PM, ion nicola wrote: hi lesley, i got the e-mail. thank you, ion > From > Subject: Je rey Epstein > Date: Tue, 19 Nov 2013 15:41:41 -0500 > CC > To > Hi lon...Jeffrey asks that you do the inside of the 5 Palms like a Turkish mosque...Please confirm receipt of this email! > Thanks, Lesley

super ,thanks

On Nov 19, 2013, at 3:45 PM, ion nicola wrote:

hi lesley,
i got the e-mail.
thank you,
ion

> From
> Subject: Je rey Epstein
> Date: Tue, 19 Nov 2013 15:41:41 -0500
> CC
> To

> Hi lon...Jeffrey asks that you do the inside of the 5 Palms like a Turkish mosque...Please confirm receipt of this email!

> Thanks, Lesley

📅 Dec 3, 2013 REDACTED

Re: Today's trip

From: Lesley Groff

tremendous! thanks so much and I hope the trip goes well.. On Dec 3, 2013, at 9:08 AM, wrote: > Hi Lesley ) > I've got it > Last night he told me that he doesn't need any food > But I'm running to buy some bakery which Karyna were suggested to me > > Sent from my iPhone > >> On Dec 3, 2013, at 8:01 AM, Lesley Groff wrote: >> >> Morning! I sent you all Jeffrey's itinerary earlier this morning. Please confirm back to me receipt. Svet has the charter and car confirm via email. Phone numbers an

tremendous! thanks so much and I hope the trip goes well..

On Dec 3, 2013, at 9:08 AM, wrote:

> Hi Lesley ) > I've got it > Last night he told me that he doesn't need any food > But I'm running to buy some bakery which Karyna were suggested to me >

> Sent from my iPhone > >> On Dec 3, 2013, at 8:01 AM, Lesley Groff wrote:

>>

>> Morning! I sent you all Jeffrey's itinerary earlier this morning. Please confirm back to me receipt. Svet has the charter and car confirm via email. Phone numbers and contacts are on this and on the itinerary I sent.

you andEare getting snacks I understand.

>> Did Jeffrey tell anyone what time to be at the house? I would think you should be at house by 11:00 if he did not specify. Bring your ID's!! >>

>> Please be sure to remind JE he is to call Joe Pagano at 3:30 in Joe's cell. This is on the itinerary also.

>>

>> Thanks, Lesley

>>

» Sent from my iPhone

📅 Nov 17, 2013

Reminder: 8am LAX @ Sun Nov 17, 2013 8am - 9am

From: Google Calendar

To: Lesley Groff

Title: 8am LAX - When: Sun Nov 17, 2013, 8am – 9am Eastern Time - Calendar: [redacted] - Organizer: Lesley Groff (organizer) - Source: Invitation from Google Calendar - Notice: "You are receiving this email at the account [redacted] because you are subscribed for reminders on calendar [redacted]." - To stop notifications: https://www.google.com/calendar/

Title: 8am LAX

- When: Sun Nov 17, 2013, 8am – 9am Eastern Time  
- Calendar: [redacted]  
- Organizer: Lesley Groff (organizer)  
- Source: Invitation from Google Calendar  
- Notice: "You are receiving this email at the account [redacted] because you are subscribed for reminders on calendar [redacted]."  
- To stop notifications: https://www.google.com/calendar/

📅 Dec 6, 2013

Re: JetSuite Confirmation # 90420 KTEB -> KBED, KBED -> KTEB to Mr Epsteins flight

From: Larry Visoski

To: JetSuite ClientServices

Request to add one more passenger to BED. Larry Visoski seeks confirmation.

Request to add one more passenger to BED. Larry Visoski seeks confirmation.

📅 Dec 9, 2013 REDACTED

Re: more christmas

From: Lesley Groff

To: Ashley Taylor-Hull

We are still getting all the kids gifts right? Not only doing secret Santa ..but both. Sent from my iPhone On Dec 8, 2013, at 5:37 PM, Ashley Taylor-Hull <█████████████████████████> wrote: do you need ideas for my kids? bag for LAX bag for Cass <u>http://www.lax.com/lacrosse-cquipment/DeBeer-DB-Travel-Bag-Lacrosse-Bags-19751 html</u> and use and if you do get this, I would want to buy Cass a mouth guard holder (if you could just if you do get this, I would want to buy Cass a mouth guard hol

We are still getting all the kids gifts right? Not only doing secret Santa ..but both.

Sent from my iPhone

On Dec 8, 2013, at 5:37 PM, Ashley Taylor-Hull <█████████████████████████> wrote:

do you need ideas for my kids?
bag for LAX bag for Cass

<u>http://www.lax.com/lacrosse-cquipment/DeBeer-DB-Travel-Bag-Lacrosse-Bags-19751 html</u>

and use and if you do get this, I would want to buy Cass a mouth guard holder (if you could just if you do get this, I would want to buy Cass a mouth guard holder you Promo code "go foxes" for 15% off add to your order that would be great and I'll pay you back)

<u>http://www.lax.com/lacrosse-equipment/ShockDoctor-Anti-Microbial-Mouthguard-Case-
Lacrosse-Mouthguards-19152.html</u> 

Braden - mic w stand (half price right now on Amazon)

<u>http://www.amazon.com/Nady-MSC3-Center-Microphone- Switch/dp/B00EKFH2UM/ref=sr_1_19?ie=UTF8&qid=1386541485&sr=8- 19&keywords=mic+stand+with+mic</u>

needs an amplifier

<u>http://www.amazon.com/Danelectro-N10BK-Honey-Tone- Black/dp/B0027M30Z6/ref=cm_cd_al_qh_dp_t</u>

Ashley Taylor
Taylor-Hull Promotions
5 Dogwood Road
Bedford NY 10506.

<u>www.imprintablefashions.com/thpromo</u>

EFTA R1_00753743
EFTA02120402

📅 Nov 25, 2013 REDACTED

Fwd:

From: Lesley Groff

To: Janusz Banasiak

Begin forwarded message: From: Jeffrey Epstein <██████████████████> Date: November 25, 2013, 7:09:00 AM EST To: ██████████████████████████████>, Lesley Groff <██████████████████ Karina Shuliak <██████████████████> woody dinner postponed until either 3 or 5th. so we will leave palm beach later on sunday the 1st *** 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 addre

Begin forwarded message:

From: Jeffrey Epstein <██████████████████>
Date: November 25, 2013, 7:09:00 AM EST
To: ██████████████████████████████>, Lesley Groff <██████████████████
Karina Shuliak <██████████████████>

woody dinner postponed until either 3 or 5th. so we will leave palm beach later on sunday the 1st

***

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 <u>jcevacatiOn@gmalI com,</u> and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

📅 Nov 21, 2013

Times FW: First Square annual Robinhood conference held today and tomorrow and this is the line up

From: Ike Groff

To: Lesley Groff

Some folks you know From: Nadia Doh [mailto:] Sent: Thursday, November 21, 2013 9:35 AM To: Nadia Doh Subject: (NYC-Sheraton Times First annual Square) Robinhood conference held today and tomorrow and this is the line up Thursday, November 21st 7:00 AM Registration - 7:00 AM Networking Breakfast - 8:00 AM Welcome John A. Griffin, Founder & President, Blue Ridge Capital - 8:10 AM Best Idea Philippe P. Laffont, Founder & Chief Investment Officer, Coatue Management - 8:30 AM The Big Pic

Some folks you know

From: Nadia Doh [mailto:]

Sent: Thursday, November 21, 2013 9:35 AM

To: Nadia Doh

Subject: (NYC-Sheraton Times First annual Square) Robinhood conference held today and tomorrow and this is the line up

Thursday, November 21st

7:00 AM Registration

- 7:00 AM Networking Breakfast

- 8:00 AM Welcome

John A. Griffin, Founder & President, Blue Ridge Capital

- 8:10 AM Best Idea

Philippe P. Laffont, Founder & Chief Investment Officer, Coatue Management

- 8:30 AM The Big Picture

Timothy F. Geithiler, Former US Treasury Secretary Lawrence H. Summers, Former US Treasury Secretary Moderated by: Marie-Josee Kravis, Senior Fellow, Hudson Institute

- 9:10 AM The Big Picture: A Response

Raymond T. Dalio Chairman & Chief Investment Officer, Bridgewater Associates LP Howard Marks, Chairman, Oaktree Capital Management LP

9:35 AM Networking

EFTA_R1_00753753
EFTA02120404

Coffee Break

9:55 AM Best Idea

Meryl Witmer, General Partner, Eagle Capital Partners LP

10:15 AM Best Idea

David Einhorn Co-Founder & President, Greenlight Capital

10:35 AM Opportunities in Energy Investing

William C. Reed II, President & Chief Executive Officer, Castleton Commodities

International LLC

Moderated by:

Glenn Dubin, Chairman, Highbridge Capital Management

11:05 AM Best Idea

Daniel S. Loc_b, Founder & Chief Executive Officer, Third Point LLC

11:25 AM Best Idea

Richard L. Chilton Jr., Chairman, Chief Executive Officer & Chief Investment Officer, Chilton Investment Company

11:45 AM Networking Lunch

12:55 PM Welcome Back

Alan D. Schwartz, Executive Chairman, Guggenheim Partners LLC

I :00 PM Introduction

Mary Callahan Erdoes, Chief Executive Officer, Asset Management, J.P. Morgan

1:05 PM The Collaborative City

Michael R. Bloomberg, Mayor, New York City

EFTA_R1_00753754
EFTA02120405

Moderated by: Charlie Rose, Executive Editor and Host of The Charlie Rose Show

- 1:35 PM Lightning Round: Best Ideas

Anthony T. Bozza, Founder & Managing Partner, Lakewood Capital Management LP Steve Kuhn Partner & Head of Fixed Income Trading, Pine River Capital Management Conan Laughlin, Founder & Portfolio Manager, North Tide Capital LLC Anna Nikolayevsky Founder & Chief Investment Officer, Axel Capital Management Parag Vora, Founder & Portfolio Manager, HG Vora Capital Management Moderated by: David Einhorn, Co-Founder & President, Greenlight Capital

- 2:30 PM Why Life Code Will Drive the Global Economy

Juan Enriquez Managing Director, Excel Venture Management

- 2:50 PM Networking

Coffee Break

- 3:10 PM Welcome Back

Jes Staley, Managing Partner, BlueMountain Capital Management LLC

- 3:15 PM Best Idea

Lee S. Ainslie III Founder & Managing Partner, Maverick Capital Management LLC

- 3:35 PM Fireside Chat

David Tepper, Founder & President, Appaloosa Management LP Moderated by: Rob Citrone, Founder & Portfolio Manager, Discovery Capital Management, LLC

4:05 PM Market Wrap-Up & Closing Remarks

Lee S. Ainslie III, Founder & Managing Partner, Maverick Capital Management LLC John A. Griffin, Founder & President, Blue Ridge Capital Philippe P. Laffont, Founder & Chief Investment Officer, Coatue Management

EFTA R1_00753755
EFTA02120406

Friday, November 22nd

- 7:00 AM Registration

- 7:00 AM Networking Breakfast

- 8:00 AM Welcome

Whitney Tilson, Founder & Managing Partner, Kase Capital Management

- 8:05 AM The Big Picture: What's Next?

Henry M. Paulson Jr., Chairman. The Paulson Institute at the University of Chicago Moderated by: Laurence D. Fink, Chairman & Chief Executive Officer, BlackRock

- 8:35 AM Introduction

Ivanka Trump, Executive Vice President of Development and Acquisitions, The Trump Organization

- 8:40 AM The World at Large and Its Impact on the Real Estate Market

Jonathan D. Gray, Global Head of Real Estate, Blackstone Steven Roth, Chairman & Chief Executive Officer, Vornado Realty Trust Moderated by: Barry S. Stemlicht Chairman & Chief Executive Officer, Starwood Capital Group

- 9:10 AM Best Idea

William Ackman, Founder & Chief Executive Officer, Pershing Square Capital Management LP

- 9:30AM Networking

Coffee Break

10:00 A Conversation with Julian - The Original Tiger AM

Julian H. Robertson Jr. Chairman, Tiger Management LLC Moderated by: John A. Griffin Founder & President, Blue Ridge Capital

EFTA R1_00753756

EFTA02120407

10:30 AM Innovation: A Disruptive Force

Max Levchin, Founder, HVF Mary Meeker, General Partner, Kleiner Perkins Caulfield & Byers Fred Wilson, Managing Partner, Union Square Ventures Moderated by: Greg Becker, President & Chief Executive Officer, SVB Financial Group & Silicon Valley Bank

11:00 AM Fireside Chat

Jamie Dimon, Chairman, President & Chief Executive Officer, JPMorgan Chase Moderated by: Lee Ainslie, Founder & Managing Partner, Maverick Capital Management LLC

11:20 AM Lightning Round: Best Ideas

Nehal Chopra, Founder & Managing Partner, Tiger Ratan Capital Management LP Alex Sacerdote, Founder & Portfolio Manager, Whale Rock Capital Management LLC Whitney Tilson, Founder & Managing Partner, Kase Capital Management Moderated by: John A. Griffin, Founder & President, Blue Ridge Capital

12:05 PM Media in the Digital Age

Jeff Bewkes, Chairman & Chief Executive Officer, Time Warner Inc. Moderated by: Glenn Hutchins, Co-Founder, Silver Lake

12:25 PM Best Idea

Larry Robbins, Founder, Portfolio Manager & Chief Executive Officer, Glenview Capital Management

12:45 PM Factoring in Macro

Stan Druckenmiller, Chairman & Chief Executive Officer, Duquesne Family Office

EFTA R1_00753757
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LLC

Paul Tudor Jones, Founder, Co-Chairman & Chief Investment Officer, Tudor Investment Corporation

- I :15 PM Market Wrap-up & Closing Remarks

John A. Griffin, Founder & President, Blue Ridge Capital David Einhorn, Co-Founder & President, Greenlight Capital

1:30 PM Networking Lunch

Nadia Doh

Director, Equity Research Sales and Trading

Prime Executions, Inc.

EFTA R1_00753758
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This is research sales commentary and not reflective of the official Prime Executions Research Dept

Note: The information contained in this message and any attachment to it is privileged, confidential, and protected from disclosure. If the reader of this message is not the intended recipient. or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately by replying to the message. and please delete it from your system.

This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it Is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distributionor copying of this e-mail and any attachment(s) Is strictly prohibited.If you have received this e-mall in error please immediately notify the sender at 203-302-7300 or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented Is from sources believed to be reliable,but is not guaranteed to be accurate or complete. This Information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments.Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, ltC may review and store both incoming and outgoing messages. Use by other than the Intended recipients is prohibited.

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📅 Nov 13, 2013 REDACTED

confirmed

From: Unknown

To: Lesley Groff

Hello Robert. Jeffrey requested I confirm lunch on Wed. Dec. 4th at his home at 12:30. confirmed, i will be there, look forward to it all best.

Hello Robert. Jeffrey requested I confirm lunch on Wed. Dec. 4th at his home at 12:30.

confirmed, i will be there, look forward to it

all best.

📅 Dec 5, 2013 REDACTED

Re: Friday Bedford

From: Lesley Groff

me too... On Dec 5, 2013, at 12:31 PM, ████████████ wrote: > Thanks. Hope he is feeling ok! Sent from my iPhone On Dec 5, 2013, at 12:27 PM, Lesley Groff <████████████████████> wrote: > Hi ..this trip may cancel due to JE's severe allergic reaction! We will have to wait and see...thanks On Dec 5, 2013, at 12:24 PM, ████████████████ wrote: > Thanks Sent from my iPhone On Dec 4, 2013, at 8:13 PM, Lesley Groff <██████████████> wrote: > FYI. Wheels up is 10:30am from Teterboro. Plan to be

me too...

On Dec 5, 2013, at 12:31 PM, ████████████ wrote:

> Thanks. Hope he is feeling ok!

Sent from my iPhone

On Dec 5, 2013, at 12:27 PM, Lesley Groff <████████████████████> wrote:

> Hi ..this trip may cancel due to JE's severe allergic reaction! We will have to wait and see...thanks

On Dec 5, 2013, at 12:24 PM, ████████████████ wrote:

> Thanks

Sent from my iPhone

On Dec 4, 2013, at 8:13 PM, Lesley Groff <██████████████> wrote:

> FYI. Wheels up is 10:30am from Teterboro. Plan to be at JE's by 9 am ready to go Please confirm back

Sent from my iPhone

Begin forwarded message:

From: Larry Visoski

Date: December 4, 2013, 7:58:33 PM EST
To: Lesley Groff|
Subject: Fwd: Friday Bedford

FYI
Thx

EFTA_R1_00753761
EFTA02120412

Sent from my iPhone

Begin forwarded message:

From: Jeffrey
Epstein
<u><jeevacation@gmai</u>
<u>1.com></u>
Date: December 4, <u>2013 at 7:18:48</u> PM EST To: Larry Visoski Subject: Re: Friday Bedford

julia , jenn svet

On Wed, Dec 4, 2013 at 7:15 PM, Lar Visoski

wrote:

> Jeffrey
> Do you know who will be of the trip to Bedford Friday ? I
> need to advise the
> charter company,
> JetSuite.

Thx
Larry

Sent from my iPhone

***************

************

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

EFTA R1_00753762
EFTA02120413

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 <u>jcevacation@gmail.com,</u> and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

<u>EFTA R1_00753763</u>
EFTA02120414

📅 Dec 11, 2013 REDACTED

Early Tour 12.11.13

From: Ike Groff

Good Morning ... European Markets up 0-40 bps (France +0.53%, Italy -0.44%) ... NKY -0.62%, SHCOMP -1.49%, HSI -1.71%, KOSPI -0.78%, TWSE -0.11%, ASX -0.76% EUR 1.3761 (unch) JPY 102.48 (+0.35%) EUR/JPY 141.03 0.8258 (-0.65%) US 10yr 2.804% Japan 10yr 0.65% Germany 10yr 1.83% Spain 10yr 4.01% Portugal 10yr 6.03% Italy 10yr 4.04% Futures: Dow -10, Nasdaq -3, S&P -1 DXY $79.96 (unch) $6.50) Copper +0.17% Silver -0.27% Nat Gas -0.42% Crude S98.52 (+1c) Gold $1254.60 (- Asia markets mostly lo

Good Morning ... European Markets up 0-40 bps (France +0.53%, Italy -0.44%) ... NKY -0.62%, SHCOMP -1.49%, HSI -1.71%, KOSPI -0.78%, TWSE -0.11%, ASX -0.76%   

EUR 1.3761 (unch) JPY 102.48 (+0.35%) EUR/JPY 141.03 0.8258 (-0.65%)

US 10yr 2.804% Japan 10yr 0.65% Germany 10yr 1.83% Spain 10yr 4.01% Portugal 10yr 6.03% Italy 10yr 4.04%

Futures: Dow -10, Nasdaq -3, S&P -1 DXY $79.96 (unch) $6.50) Copper +0.17% Silver -0.27% Nat Gas -0.42% Crude S98.52 (+1c) Gold $1254.60 (-

Asia markets mostly lower overnight with China leading the region lower following a weak handoff from the US. Some reasons used to explain the weakness included speculation from the Workers Conference that China's 2014 GDP target could be set at 7.0-7.5% range (vs current 7.5% target) as well as cautious local sentiment with A-share positions hitting one year low and following the second consecutive week of decline in local trading accounts ahead of the January IPO resumption. There was also a report out in the China Securities Journal that China could phase out its proactive fiscal policy approach in favor of sticking to the principle of keeping fiscal revenue & spending in basic equilibrium to gradually lower the deficit. China November New Yuan Loans were out after the close and came in better at 624.6B vs est 580.0B. The Nikkei also finished lower as the Yen firmed overnight (102.48 last) and Japanese machine orders for October came in at +0.6% vs est +0.7%. European markets generally up a touch in very light volume (tracking 70% of 3m average). News out overnight that US House & Senate negotiators (led by Paul Ryan & Patty Murray) have officially reached a modest budget deal that will peel back some of the automatic sequestration spending cuts, fund the government through the fall of 2015, and reduce the deficit by net $22.5B over the next 10 years thru a mix of policies that include changes to federal employee and military pension programs as well as higher security fees for airline passengers. There are technically no new taxes baked into the deal (although there are some increased "user fees") and it does not extend unemployment insurance for the long-term unemployed. It doesn't address the corporate tax breaks that Democrats wanted to get rid of nor does it raise the debt ceiling. Neither side got what they wanted but it represents a compromise that has been so elusive in Washington in recent years. Nevertheless it is already drawing criticism from some conservatives in the House and remains to be seen if it can get enough votes there when it hits the floor in the next few days (but expectations arc that it will). SPA's traded up — 5 handles to the 1808 level overnight following the budget deal but have since rolled over and are lower on the session. The odds of a Fed taper in December or January seem to be increasing given the v strong labor report last week now coupled with fiscal policy progress in DC (yet the US 10yr yield has actually backed up 5bps this week to 2.8043% last). SPA's -I handle = 1801.80 last.

"'COST & JOY report pre-open, Mortgage Apps @ 7am, Treasury Budget Statement © 2pm•"

• MasterCard 10-for-1 stock split, 83% dividend increase & $3.5B share buyback (trading +4.5%)

- Variety reports Discovery Communications considering bid for Scripps Networks Variety (trading +4%)

• H&R Block trimmed loss on higher tax benefit but wider than estimates & revs missed (trading -1%)

• Smith & Wesson guides up (sees Q3 eps 28-30c vs est 26c & net sales $140-145M vs $135.9M est)

• Urban Outfitters in-line sales (comps to date up in mid-single digits) (Free People/Anthropologie strength)

• Inditex 9m sales E11.9 billion vs estimate E12 billion, ebitda E2.8 billion (inline), gm's 59.9% (trading +0.96%)

• Fraport Group good traffic numbers, November passengers rise +4.6% to 6.67 million (trading +0.37%)

• HSBC sells 8% stake in Bank of Shanghai to Spain's Banco Santander for undisclosed amount (trading +0.18%)

• RBS finance director Bostock resigns after 2 months on the job --> going to Santander (RBS LN - 2.1%)

• Firstgroup rejects Sandell Asset Management's plan for asset disposals as not compelling (trading +2.5%)

• Alfa Laval books another large order, wins SEK 100 million oil & gas order in Canada (trading +1.5%)

• Clas Ohlson reports strong Q2 figures, EBIT 18% ahead of consensus, Nov sales +6% vs est +4% (trading +10.5%)

• Lundbeck: Brintellix study showed "statistically significant improvement in cognitive performance" (trading +2.3%)

- Stagecoach ytd trading inline with company expectations, eps beats estimates, raises dividend (trading +3.2%)

• Air Liquide CMD: sees sales growth of 5-7% in 2015 versus 8-10% at previous CMD in 2010 (trading +0.92%)

• EDF may have to raise nuclear decommissioning provisions according to Les Echos (trading +0.21%)

• Imagination Tech IMS weaker across the board, revs light and guiding shipment growth down (trading -16%)

• Bunzl says total trading consistent with expectations, sees 2013 rev growth +12% in constant fx (trading +0.21%)

• Air France: Etihad may want to buy as much as 49% of Alitalia says Corriere della Sera (trading +1.7%)

Leading European Sectors: Media +0.88%, Construction +0.65%, TravlLes +0.63% Lagging European Sectors: Basic Res -0.82%, Real Estate -0.17%, Insurance -0.08%

AVNR trial missed — LH guides down — MCP board appointments

CENT revolving credit facility — MIND #'s light — CBOE special div, boosts buyback

Notable Options Activity Yesterday:

- P ($29.25 +3.7%) with the company presenting at several conferences this week, one investor seems to be taking a view that the stock could be the subject of a significant pullback in the next few days, purchasing 10,000 December $25 puts for $0.15 to open a new position. The puts expire next Friday and would need the stock down 14.5% to finish in the money.

- FNF ($30.34 +2.7%) following an announcement by the company that it had hired JP Morgan to explore strategic alternatives with respect to its portfolio company investments, one trader sold to close 6000 March 28 calls, and rolling to a higher strike, buying 6000 March 31 calls. As part of today's trade the 28 calls were sold at $2.65, and were originally bought on 10/25 for $1.45. The roll seems to indicate that the trader does in fact see more upside in the stock beyond $30.00.

- CTB (23.5 -.8%) opening cust actively buying dec 24 calls into earnings first 10k traded .75 with 4k more throughout the day for as much as 1.15 CTB is trading near 52 week lows and reports Thursday in addition CTB is also awaiting a court ruling on a merger with Apollo Tyres

ABX (16.87 +5.4%) continued bullish option trading today we note longer term jan2015 20/25 call spread buyer 15k for .95 (similar to a size jan2015 20/30 call spread buyer we saw weeks ago) ABX is down -50% ytd cust possibly looking for notable rebound in 2014

Secondaries (announced/priced): TRLA ($150M convert), ALSN, GASS, TA, AMID, EJ (convert), AWAY, YNDX ($600M convert), BPOST BB, MED IM, O2C GY, NPN SJ

IPO's: Autohome (ATHM) 7.8M shares priced at $17 (above range), Moncler Spa expected to price tonight (begins trading on Monday), Hilton Worldwide expected to price tonight, Energa (ENG PW) priced @ PLN 17

US Key Research:

• GS cuts O1 & upgrades FE and BCC/XRAY (buy) & initiates COT (neut), MS initiates TIBX (ew)

- Mizuho reinstates JNPR (buy) & initiates MSI/NOK/CSCO (neut) and ERIC (buy) & cuts AVNR

▪ B. Riley initiates OSTK (neut), Raja upgrades CRL, BMO cuts MWV, Wells upgrades RDWR

• Jefferies initiates DDD/SSYS/XONE (buy) & VJET/ARCM SS (hold), Janney initiates EOPN (buy) & CSOD (neut)

➤ Citi initiates FFIV/NOK/QCOM/RVBD (buy) & BBRY/BRCD/CSCO (sell) & CIEN/GLW/ERIC/GRMN/JNPR/MSI/BLOX/PLCM (neut)

Europe Key Research:

• Citi assumes/upgrades NOK1V FH & ALU FP, Nomura downgrades RMG LN and initiates WDF IM (buy)

• UBS removes AHT LN from most preferred list. GS removes MAERSKB DC & AW LN from conviction buy

• Barclays on Nordic banks (prefer SEBA SS, NDA SS, DNB NO over SHBA SS & SWEDA SS)

- Natixis upgrades EN FP to OP, UBS downgrades GBF GY, BofA reits buy VOD LN (raise base case fv to 250p)

• Bernstein upgrades VIV FP, Vontobel upgrades NESN VX, Nordea downgrades NOBI SS

- Mizuho initiates NOK1V FH (neutral), ABN initiates BRNL NA (buy), Canaccord upgrades CSR LN

- r Cantor initiates TPK LN (buy), DB downgrades ENI IM, GS upgrades MAU FP & downgrades SIA LN

- r HSBC upgrades GAM SM, Liberum downgrades KENZ LN, MS upgrades ELI BB, Banca IMI upgrades G IM

- r RBC downgrades IAG LN, UBS initiates ALRS RU (buy), GS reits sell NOBN VX & STMN SW

Reporting Pre-Open: COST, JOY

Reporting Post-Close: ASYS, CWTR, MNR, MW, NDSN, OXM, SGU, SIGM, VRA

Economic Data: MBA Mortgage Applications @ 7am, Treasury's Monthly Budget Statement @ 2pm

DOE crude oil inventories © 10:30am

Conferences: UBS Media & Communications (NYC), BMO Tech, Media, & Entertainment (NYC), GS Fin Services (NYC)

Conferences: JPM SMid Cap (Chicago), Opco Healthcare (NYC), Wells MLP, Pipeline, & Energy (NC)

Conferences: Bofa Basic Materials, Cantor Internet (NYC), Imperial Security Investor (NYC), Wedbush CA Dreamin' Consumer (NYC)

Analyst/Investor Days: CNI, CBI, CW, DAL, HRB, MRO, HD, HSIC, CCG, ELLI, MEIP

Non-Deal Roadshows: AFL, AGO, AMSF, ARCC, BAGR, CBF, CDE, COG, CPXX, COB, CVD, DDXS, DY, FEIC, FLS, FOR, GZT, HIMX, ICFI, KLAC, MLNX, MPEL, SANM, SIVB, SWI, TXI, Z, CRM

Shareholder Meetings: CGI, TO, PERF, SED, ARL, MPET, PLL, MXWL

Equity/Mixed Shelfs: EXA ($75M), CBLI ($50M), CEMP ($100M)

Other Newspaper Articles & Stories

WSJ positive: General Motors (GM) WSJ

• Deal Brings Stability to U.S. Budget WSJ

• Volcker Rule Challenges Wall Street WSJ

• Unraveling the Lies Madoff Told WSJ

• End of Fee Fillip Will Slow Costco's Growth WSJ

• Discovery Weighs Bid for Food Network Owner WSJ

• China Spins New Lesson From Soviet Union's Fall WSJ

• Spain Expects Primary Budget Surplus in 2015 WSJ

• Japan Tops World In Mobile Apps Revenue WSJ

• Putin's Latest Hunting Trip WSJ

• Steven Rattner: Congress Avoids Reality, Again NYT

• Study Finds Federal Contracts Given to Flagrant Violators of Labor Laws NYT

• Ukrainian riot police raid protest camp FT

• Banking union framework set out by EU FT

• BoE policy maker backs bogeyman' of bundled debt FT

• Volcker vote ushers in new world order for banks FT

• JPMorgan files patent for Bitcoin-style payment system FT

• Brussels criticised for paying non-working Gaza civil servants FT

• Corporate social networking takes advantage of captive audience FT

• Breathe in that dirty doublethink FT

• Asset managers could blow us all up FT

• Russia, like Ukraine, will become a real democracy FT

• Australia coal: Beggars can't be choosers Lex

• Volcker rule: Overruled Lex

• Prudential: target tapering Lex

• General Motors: new driver at the wheel Lex

• Chancellor comes knocking for fat foreign incomes: Government moves to clamp down on tax loophole The Times

• Chris Blackhurst: Anxious shopkeepers study the runes as Christmas rush gets a late start Independent

• George Osbome's U-turn could add £200bn to energy bills Independent

• Dead in the water: MoD shake-up plans ditched Independent

• Pay rises are making a comeback - here's how we make sure they stay Telegraph

• CML downplays risk of housing bubble Telegraph

• Should the state be allowed to collect everyone's data? Telegraph

• David Cameron hints he wants to cut the top rate of income tax to 40 per cent Telegraph

• Selfie-gate: Why do Cameron and Obama feel the need to behave like idiots? Telegraph

• 3D printing: not yet a new industrial revolution, but its impact will be huge Guardian

• The Mandela coverage and the banality of goodness Guardian

• Make no mistake: lain Duncan Smith wants the end of social security Guardian

• You always spend your own money better than any government CitvAM

• Against the Grain: Silicon Valley, Steve Jobs and the economics behind the Top One Per Cent CityAM

Key Events This Week

Thursday: Retail Sales, Import Price Index, Jobless Claims, Eurozone IP, ECB monthly report, GS Emerging Tech Research Symposium (NYC), Earnings (LULU, ZOK)

Friday: PPI, Congress budget deal deadline

Key Events on the Horizon

Dec 18 – FOMC rate decision

Jan 15 – Current CR runs out

Jan 21 – State of the Union Address

Feb 7 – Debt ceiling deadline (Treasury can use extraordinary measures for ~ 1 month past this date)

Ike Groff | 680 Washin ton Blvd

Stamford, CT

06901

This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the Intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited.If you have received this email in error please immediately notify the sender at /03-302-7300or by replying to this e-mail and delete the e-mail and any attachments) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other Investment or to engage in any trading strategy. Information presented is from sources believed to be reliable,but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners. LTC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited.

📅 Nov 26, 2013 REDACTED

Early Tour 11.26.13

From: Ike Groff

Good Morning ... European Markets off 0-50 bps (IBEX +0.33%) ... NKY -0.67%, SHCOMP -0.14%, HSI - 0.01%, KOSPI +0.33%, TWSE +0.74%, ASX +0.08% EUR 1.3543 (+0.19%) JPY 101.41 (+0.26%) EUR/JPY 137.34 (-0.06%) AUD 0.9146 (-0.17%) NZD 0.8208 (-0.01%) US 10yr 2.72% Japan 10yr 0.62% Germany 10yr 1.71% Portugal 10yr 5.88% Italy 10yr 4.06% Spain 10yr 4.14% Futures: Dow -9, Nasdaq unch, S&P -0 DXY $80.75 (-17c) Crude $94.54 (+45c) Gold $1251.10 (+59.50) Copper +0.05% Silver +1.07% Nat Gas +1.06% Asia

Good Morning ... European Markets off 0-50 bps (IBEX +0.33%) ... NKY -0.67%, SHCOMP -0.14%, HSI - 0.01%, KOSPI +0.33%, TWSE +0.74%, ASX +0.08%

EUR 1.3543 (+0.19%) JPY 101.41 (+0.26%) EUR/JPY 137.34 (-0.06%) AUD 0.9146 (-0.17%) NZD 0.8208 (-0.01%)

US 10yr 2.72% Japan 10yr 0.62% Germany 10yr 1.71% Portugal 10yr 5.88% Italy 10yr 4.06% Spain 10yr 4.14%

Futures: Dow -9, Nasdaq unch, S&P -0 DXY $80.75 (-17c) Crude $94.54 (+45c) Gold $1251.10 (+59.50) Copper +0.05% Silver +1.07% Nat Gas +1.06%

Asian markets were mixed overnight on light volumes (despite the MSCI rebalance) with few catalysts ahead of Thanksgiving holiday in the US. Japan took a breather from recent strength as the yen finned up a bit after nearly touching 102 yesterday (low of 101.34 intra-day). LINE related names (social networking & communication service app in Japan) were in focus on reports that it has more than 300m subscribers and is targeting 500m users in 2014 (Adways +22.2%, Netyear +24.9%) as well as Chiyoda (+2.6%) and Fujifilm (+4.3%) on broker upgrades. In Korea, the KOSPI bottomed out early to grind higher into the close as foreign and ►ocal institution's continued yesterday's buying — tech led gains on Black Friday hopes with focus on Samsung and Hynix (both +1%). Taiwan tech names also got a boost ahead of Black Friday and TSMC (+2.5%) after BofA reit BUY. China fluctuated between gains and losses with the focus back on Free Trade Zone names and SOE's after the local press said that the government may issue an SOE reform plan as soon as early as December. European markets consolidating and generally off 0-50 bps. Some M&A in healthcare with Bayer in early talks to buy cancer partner Algeta for 336 NOK per share = 27% premium to last sale (stock is currently trading above deal price to 344 NOK last +30%). The other news worth noting is Remy Cointreau trading -10.6% after issuing a big profit warning driven by weak cognac sales in China (FY 2014 EBIT could fall by -20% or more). Note the MSCI reweight on the close today (top 10 buys in Europe as % ADV: RRTL GY, FR FP, SKYD GY, DLG LN, PSM GY, ALU FP, MAP SM, TDC DC, ZOT SM, 1LD FP) (top 10 sells in Europe as % ADV: BCVN SW, RWE3 GY, VER AV, RATOB SS, KESBV FH, HTO GA, ANA SM, VED LN, OPAP GA, AGS BB) (call for full details). In the US we will get the CaseShiller housing data as well as the Richmond Fed Consumer Index, along with some more retail earnings before the opening bell. SPA's — flat = 1802.80 last.

<u>EFTA R1_00753777</u>
EFTA02120424

***SPCS Home Price Index i @ 9am, Richmond Fed Consumer Index © 10ams"

***HRL, PLL, TIF, MOV, SIG, BKS, CBRL, CHS, CTRN, FRED, JASO, PLCE Ws pre-open"'

***ADI, HPQ, GAME, TWO, TLYS, ZLC earnings after close"'

• Palo Alto Networks loss widened but epslrevs beat & strong growth in subscription service (trading +6%)

• Workday strong quarter as net loss beat on billings upside & O4 revenue forecast topped (trading +9%)

• Illinois Tool Works industrial packaging segment could fetch — $3B (6+ PE firms interested) <u>(Reuters)</u>

• Jones Energy to acquire producing & undeveloped oil & gas assets in Anadarko basin for $195M

• Algeta receives preliminary approach from Bayer of 336 NOK per share = 27% premium (trading +30%)

• Remy H1 revs inline, EBIT light y/y, EPS beats, very cautious outlook, H2 to underperform (trading - 10.6%)

• Repsol considering Spainish/Argentine brokered compensation proposal for YPF SA stake (trading +4.0%)

• Rexel organic sales set to outperform, will continue to operate strong FCF (trading -0.10%)

• SolarWorld to acquire Robert Bosch's solar energy business: financial details were not disclosed (trading +2.5%)

• Ashmore FD stepping down to pursue other opportunities, replacement seen as strong (trading +0.50%)

• Golden Ocean Q3 revs beat, EBITDA ahead, EBIT better, adopts more cautious acquisition strategy (trading +4.1%)

• Topp Tiles revs inline, adj profit fine, EPS miss, LFL's +7.4%, small store format to trial in Q2 (trading +4.9%)

• Greencore FY revs inline, op profit fine, adj EPS +13%, steady improvement in conditions, upbeat outlook (trading +1.1%)

• Mitchells & Butlers FY net beats, LFL's weak, focus on turnaround, broker upgrade (trading +6.1%)

• Breedon trading update: sees FY pretax ahead, sales volumes good, positive outlook (trading +3.6%)

• Hugo Boss postpones 25% EBITDA margin target on higher marketing spend, revises mid-term outlook (trading -3.4%)

EFTA R1_00753778
EFTA02120425

• Assura Group Q2 underlying op profit improves, total rent solid, net rental income ahead (trading +2.6%)

• Paragon FY profit beats on lower tax, well placed further growth, banking licence application progressing (trading +0.40%)

• Britvic FY EBIT beats, op profit to be top end, current trading slightly ahead, challenging environment (trading +3.7%)

• Severn Trent H1 revs improving, adj pretax down y/y, interim div good, on track to meet FY targets (trading -2.2%)

• De La Rue H1 revs fall, cost cuts on target, rising op profit in "challenging" conditions, div unch, broker ulg (trading +9.7%)

• Geox strong again post road show highlighting industrial plan sales growth & profitability potential (trading +7.6%)

• Faiveley Q2 order intake solid, margin pressures starting to show questioning guidance (trading - 7.4%)

• Bekaert: Milano Finanza reports company made a bid (sub €250mn) for Pirelli's steel division (trading -0.90%)

Leading European Sectors: Real Estate +0.12%, Trav/Les +0.07%, Tech +0.06% Lagging European Sectors: Basic Res -1.29%, Food/Bev -1.17%, Healthcare -0.60%

VNET missed ests — AXE special $5/shr div — DY rev outlook light

NUAN rev forecast lower — PWRD revs better — UNXL reiterates pacts

Secondaries (announced/priced): BITA, PFMT, ATAX, BAMNB NA

IPO's (lock-up expires): Epizyme (EPZM)

US Key Research:

- Barcap upgrades FEYE & downgrades TRAK & initiates TEGITCS (ew) and SPNS (ow)

• CRT initiates HTWR/SPNC (buy) & EW (fair value) & ISRG (sell), Janney initiates IFF (buy) & cuts FRAN

- GS upgrades DHR (buy) & downgrades WAT/TFM/FCX, Piper upgrades FRX, Citi upgrades ALV

EFTA R1_00753779
EFTA02120426

• Jefferies initiates MNK/HAE (buy) & TCS (hold), Imperial downgrades OME, Wells initiates TCS (op)

- RBC initiates
BDBD/BF.B/BNNY/CCE/CL/EL/ENR/GIS/HAIN/HSY/KO/HAIN/KO/KRFT/MNST/MO/NWL/STZ (op)

- RBC initiates AVP/BEAM/BGS/CAG/CHD/CLX/COT/CPB/DPS/K/MSLZ/PEP/PF/PG/RAI/SAM (sp)

• B. Riley downgrades LIOX & initiates MPX (neut) and WMAR (buy), Macquarie upgrades BTU

Europe Key Research:

• BofAML downgrade ICP LN, GLEN LN, upgrade LMI LN, Lampe initiate YMI GY (b)

• Bere downgrade LUX IM, Cant downgrade TPT LN, Citi upgrade SUN SW, GEO IM

▪ CBK upgrade MEO GY, GS remove SZU GY from cony sell, JP downgrade THE SM, MAB LN

- MAQ upgrade STAN LN, Medio upgrade EFGN SW, Natixis downgrade FUR NA

- Investec upgrade DLAR LN, DNB upgrade VOLVB SS, SONG NO, Panm upgrade DLAR LN

• RBC downgrade MGGT LN, upgrade SAF FP, SEB initiate ACANB SS (h)

• SocGen upgrade ASML NA, UBS upgrade ALGETA NO, downgrade SDA1V FH

Reporting Pre-Open: HRL, PLL, TIF, AMWD, BECN, BKS, BWS, CBRL, CHS, CTRN, DSW, EV, FRED, ISS, JASO, LG, MOV, NPD, OTIV, PLCE, SBLK, SIG

Reporting Post-Close: ADI, HPQ, ALOT, AVAV, BAMM, BLOX, GAME, QADB, TIVO, TLYS, ZLC

Economic Data: Building Permits @ 8:30am, S&P/Case-Shiller Home Price Index @ 9am, Richmond Fed Consumer Index c 10am

API crude oil inventories @ 4:30pm

Conferences: No major conferences

Analyst/Investor Days: N/A

EFTA R1_00753780
EFTA02120427

Non-Deal Roadshows: BBY, CRR, CSU, DEST, FULT, SSW, SUSO

Shareholder Meetings: ORIT, BOLT, DAR, DY, BSQR, PROV, HPOL

Equity/Mixed Shelfs: RBCN ($60M), ACLS ($75M)

Other Newspaper Articles & Stories

WSJ cautious: Blackberry (BBRY) <u>WSJ</u>

• Pressure builds for tougher UK bank reform <u>FT</u>

• EU accuses US of improperly trawling citizens' online data <u>FT</u>

• Top Nasdaq executive quits for ConvergEx <u>FT</u>

• Former INTO head urges reform of global body <u>Fr</u>

• Europe unveils crackdown on cross-border tax 'hybrid' schemes' <u>FT</u>

• Policy makers must refresh SME approach <u>FT</u>

• The Gen Y revolution that may never come <u>FT</u>

• Obama faces tough test in fending off new Iran sanctions <u>FT</u>

• Cameron must reclaim his party from the rationalists <u>FT</u>

• Iranian oil: Persian reversion <u>Lex</u>

• Peugeot: more questions than answers <u>Lex</u>

• RBS: the bank that will have to say yes <u>Lex</u>

• Samsung: Too big for its bourse <u>Lex</u>

• White House Launches Push to Sell Its Iran Nuclear Deal <u>WSJ</u>

• German Parties Work to Hammer Out Deal <u>WSJ</u>

EFTA R1_00753781
EFTA02120428

• Inside the Breakup of the Pritzker Empire <u>WSJ</u>

• Russian Government Mulls Helping Refinance Debts of Metals, Mining Giants <u>WSJ</u>

• Investors Finally Get a Closer Look Into China's Bad Bank <u>WSJ</u>

• The J.P. Morgan Settlement: Misconceptions Debunked <u>WSJ</u>

• Departure Blurs Nasdaq Succession <u>WSJ</u>

• 'Golden Leash' Payments Fuel Debate <u>WSJ</u>

• Qualcomm Faces Probe in China Tied to Antimonopoly Law <u>WSJ</u>

• The Dirty Secret of Black Friday 'Discounts' <u>WSJ</u>

• A Debate Over Paying Board Nominees of Activist Funds <u>NYT</u>

• Render Unto Caesar, but Who Backs the Bitcoin? <u>NYT</u>

• Sixfold rise in profits fuels anger at energy companies <u>The Times</u>

• Cutting debt is still priority for companies and families <u>The Times</u>

• China in Numbers: Children pay deadly price for attitude to car seats <u>The Times</u>

• OUTLOOK: RSB sending SMEs to the wall? Surely this can't pass without a break-up <u>Independent</u>

• Bulgarian and Romanian migrants 'will help economy' <u>Telegraph</u>

• Anti-business posturing is destroying Britain's still fragile economic recovery <u>Telegraph</u>

• Google chief predicts Chinese liberal reforms driven by web <u>Telegraph</u>

• Developers pull the plug on one of the world's largest offshore windfarms <u>Telegraph</u>

• France to send more troops in Central African Republic as country 'descends into chaos' <u>Telegraph</u> 

• Scotland could refuse to accept UK liabilities if currency union is blocked <u>Guardian</u>

• The Iranian deal is truly historic — but not because it resolves nuclear crisis <u>CitvAM</u>

• The new Age of Intervention risks hurting the very people it seeks to help <u>CityAM</u>

Key Events This Week

Wednesday: Italy Senate to vote on expelling Berlusconi from Parliament, New Home Sales, Mortgage Applications, U. of Michigan Confidence, Leading Indicators, China October Industrial Profits, Earnings (ATV, RENN)

EFTA R1_00753782
EFTA02120429

Thursday: Thanksgiving (US market closed), BOE Financial Stability Report, Germany CPI, Eurozone confidence

Friday: US markets close early 1pm, ISM Milwaukee, JCP removed from SP500, EU banks face 11/29
deadline to submit data to ECB for current risk assessments, Earnings (FRO)

Saturday: China November manufacturing PMI

Sunday: China November HSBC manufacturing PMI

Key Events on the Horizon

Dec 4 – OPEC meets in Vienna

Dec 5 – BOE & ECB rate decisions

Dec 13 – Congress budget deal deadline

Dec 18 – FOMC rate decision

Jan 15 – Current CR runs out

Jan 21 – State of the Union Address

Feb 7 – Debt ceiling deadline (Treasury can use extraordinary measures for ~ 1 month past this date)

EFTA R1_00753783
EFTA02120430

区
Ike <change><s>Groff</s></change> 680 Washington Blvd | Stamford, CT 06901|

This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachments) is strictly prohibited.If you have received this email in error please immediately notify the sender at 203-302-7300 or by replying to this e-mail and delete the e-mail and any attachments) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable,but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, tiC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited.

EFTA R1_00753784
EFTA02120431

📅 Dec 4, 2013

Reminder: when can JE speak to erika kellerhals?

From: Google Calendar

To: Lesley Groff

- **Event Title:** When can JE speak to erika kellerhals? - **Date:** Wednesday, December 4, 2013 - **Time:** 11:00 AM - 11:30 AM Eastern Time - **Organizer:** Lesley Groff - **Source:** Google Calendar

- **Event Title:** When can JE speak to erika kellerhals?
- **Date:** Wednesday, December 4, 2013
- **Time:** 11:00 AM - 11:30 AM Eastern Time
- **Organizer:** Lesley Groff
- **Source:** Google Calendar

📅 Dec 2, 2013

Re: Fwd:

From: Lesley Groff

To: Bella Klein

Amexis good. They probably dug around to find it. Strange though that they didn't call the 212 #? Sent from my iPhone On Dec 2, 2013, at 7:49 AM, Bella Klein > wrote: Not on my side but sometimes he is doing his iTuncs or Amazon purchases ... Maybe this how they got it. Thank you, Bella On Dec 2, 2013, at 7:44 AM, Lesley Groff wrote: No, I have the 212 # forwarded to my cell and if I don't pick up it goes to vm. Is the cell associated with JE's Amex at all? Sent from my iPhone On Dec 2,

Amexis good. They probably dug around to find it. Strange though that they didn't call the 212 #?

Sent from my iPhone

On Dec 2, 2013, at 7:49 AM, Bella Klein > wrote:

Not on my side but sometimes he is doing his iTuncs or Amazon purchases ... Maybe this how they got it.

Thank you,
Bella

On Dec 2, 2013, at 7:44 AM, Lesley Groff wrote:

No, I have the 212 # forwarded to my cell and if I don't pick up it goes to vm. Is the cell associated with JE's Amex at all?

Sent from my iPhone

On Dec 2, 2013, at 7:42 AM, Bella Klein ‹ > wrote:

Is it possible that 212 rolled over to his cell?

Thank you,
Bella

On Dec 2, 2013, at 7:35 AM, Lesley Groff a. > wrote:

I never use JE's cell for anything. Never give it to anyone without asking him first. Definitely not mc! Weird

Sent from my iPhone

On Dec 2, 2013, at 7:32 AM, Bella Klein < > wrote:

EFTA R1_00753790
EFTA02120433

Hi Les, Do you use or used in the past JE cell for travel? Have no idea <u>how the of his cell.</u> I always us Delta also called my cell, but I have my number as a backup on Amex,

Thank you,
Bella

Begin forwarded message:

The image is an email from Jeffrey Epstein dated December 2, 2013. The email is addressed to Bella Klein, Richard Kahn, and Mark Tollison. The content of the email states that Delta Airlines called the sender's cell phone the previous night asking for Mark Tolison.

*************

*************

************

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 <u>jeevacation@gmail.com,</u> and

destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

EFTA R1_00753791
EFTA02120434

📅 Dec 2, 2013

Re: Further Conversations with Jeffery

From: Lesley Gro

To: Frank Heidt

Thank you for your email. I will let Jeffrey know you arc following up and would like to speak with him again. Will get back to you. Thank you, Lesley On Dec 2, 2013, at 1:40 PM, Frank Hcidt wrote: Ms. Lee, I would be extremely interested in continuing my phone conversations with Jeffery either in person or via video or teleconference. I will make myself available for times that works for him. Frank Heidt Chief Executive Officer

Thank you for your email. I will let Jeffrey know you arc following up and would like to speak with him again. Will get back to you.

Thank you,

Lesley

On Dec 2, 2013, at 1:40 PM, Frank Hcidt wrote:

Ms. Lee,

I would be extremely interested in continuing my phone conversations with Jeffery either in person or via video or teleconference.

I will make myself available for times that works for him.

Frank Heidt

Chief Executive Officer

📅 Dec 10, 2013

I;II look into the new visa card

From: Lesley Groff

To: Bella Klein

Maybe i gave fekkai the new visa number..i really can't remember off hand but can research later! sorry just have a lot going on at this moment :1

Maybe i gave fekkai the new visa number..i really can't remember off hand but can research later! sorry just have a lot going on at this moment :1

📅 Dec 3, 2013

Reminder: apt for 12:30pm

From: Lesley Groff

To: Google Calendar

Lesley Groff To: Google Calendar From: Sent: Tue 12/3/2013 4:49:49 PM -11P...need to hear from her! @ Tue Dec 3, 2013 12pm - Subject: Reminder: apt for 12:30pm <u>more details</u> >> apt for -11P...need to hear from her! When Tue Dec 3, 2013 12pm - 12:30pm Eastern Time Calendar Who Lesley Groff-organizer Invitation from <u>Google Calendar</u> You are receiving this email at the account lesley jee@gmail.com because you are subscribed for reminders on calendar lesley.jee@gmail.com. To stop receiv

Lesley Groff
To:
Google Calendar
From:
Sent: Tue 12/3/2013 4:49:49 PM
-11P...need to hear from her! @ Tue Dec 3, 2013 12pm -
Subject: Reminder: apt for
12:30pm

<u>more details</u> >> apt for -11P...need to hear from her! When Tue Dec 3, 2013 12pm - 12:30pm Eastern Time Calendar Who Lesley Groff-organizer Invitation from <u>Google Calendar</u> You are receiving this email at the account lesley jee@gmail.com because you are subscribed for reminders on calendar lesley.jee@gmail.com. To stop receiving these notifications, please log in to https://www.google.com/calendar/ and change your notification settings for this calendar