EFTA01796628

From: Morits Skaugen Sent: Tuesday, February 15, 2011 12:58 PM To: Jeffrey Epstein Subject: RE: test Sent following to =erje today: Terje Pls check US taxation =e below that i discussed with JE by phone.. My idea is that i =ncorporate a company (SPV) for this in norway. I call this =48220;FTS AS" This company will be =wned by my personal investment company. I will pay in equity =o establish the company. The 418220;FTSAS" will buy the house for say NOK 18 mill. This is partly =inanced by your equity from sale of the apartment (how much?) and partly from loans =ecured by JE — the balance. The loans from JE can =e secured against a 1 priority Mortgage in the house. The terms of the loan needs =o be discussed. The profile of the lender need not to be known by anyone. =o:p> The 1 PM can be =ssued in favor of a lawyer in Norway also to cover for JE. You will rent the =ouse and pay a small rent for tax reasons. The rent should cover =roperty taxes and water and utilities etc and whatever is needed for JE loan to =e serviced. The company will not =ake a profit this way and that is ok with me. EFTA_R1_00132552 EFTA01796628 You will have a right =o purchase the shares of the FTSAS at any time at my cost • and the house =t any time to reflect this. Agreements to secure =his will be entered into to give you security. These can be =eposited with a legal person that you trust. Best personal =egards, Morits From: =/b> Jeffrey =pstein [mailto:[email protected] Sent: 14. februar 2011 15:43 To: Morits Skaugen Subject: Re: test great On Mon, Feb 14, 2011 at 9:37 AM, Morits Skaugen =lt;[email protected] <mailto:[email protected]» =rote: <=0:p> co:p> Best personal regards, Morits Skaugen CEO <=o:p> 2 EFTA_R1_00132553 EFTA01796629 Error! Filename not =pecified. I.M. Skaugen SE IMS - Innovative Maritime Solutions www.skaugen.com <http://www.skaugen.com> <=0:p> <=0:p> 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_00132554 EFTA01796630