EFTA01938794

To: Jeffrey Epsteinueevacation mail.com ; Eileen Alexanderson ; Richard Joslin c: From: Ada Clapp Sent: Thur 1/9/2014 9:54:11 PM Subject: Meeting with Ralph As a Follow up to our meeting with Ralph today: • Elizabeth checked the invoices and confirmed that the works of art held in the LDB 2011 LLC trusts were all purchased by the trusts directly (so with trust assets). In each case, the works were purchased many years after the trusts were created (I do not know if there was a later finding), the earliest art purchase being in 2000. • Elizabeth will try to find documentation telling us when the first rental payments were made. My files go back only to 2011 on this issue. When I have the answers above, I will call Ralph and remind him to send the "Bill of Sale" agreement he prepared for Leon. Ada Clapp Black Family Partners IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used, by any person or entity for the purposes of (i) avoiding tax related penalties EFTA_R1_00398064 EFTA01938794 imposed by any governmental tax authority, or (ii) proposing, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you. EFTA_R1_00396065 EFTA01938795