# EXHIBIT 7

Sent: 7/20/2011 1:16:36 AM

To: Condren, James [james.condren@chase.com]; Staley, Jes [jes.staley@jpmorgan.com]; Erdoes, Mary E [mary.erdoes@jpmorgan.com]; Shenker, Nina O [nina.o.shenker@jpmorgan.com]

Subject: RE: Jeffrey Epstein PRIVILEGED AND CONFIDENTIAL

This is not an honorable person in any way. He should not be a client.

Original Message

From: Condren, James

Sent: Tuesday, July 19, 2011 S:S3 PM

To: Staley, Jes; Erdoes, Mary E; Cutler, Stephen M; Shenker, Nina 0

Subject: Jeffrey Epstein PRIVILEGED AND CONFIDENTIAL

I just conveyed to Mr. Epstein our response to his proposal to settle his High Grade Fund and Bear Mt claims toAether for S21 million.. Redacted • PnvilegecT

Redacted - Privileged