I'm afraid the logging is inconclusive on the root cause.
The first message from java.exe can be deceptive.
The problem there is that stdout/stderr messages from java.exe cannot be echoed into the ePO logs. (It's just how java.exe works unfortunately).
That means the root error message from java.exe is only visible by pausing the installer at that point, opening a command line prompt then copying the whole java command line from the log and running it in the command line session - then you get the actual java error which is a lot more useful than the 'java failed' you are presently seeing.
The core-patch log error only suggests a possible sql connection timeout.
Searching the McAfee knowledge base for errors in build.xml reveals a multiplicity of possible causes.
The best bet is for you to call McAfee support and have them run a remote connection to your ePO server for analysis.