EFTA02571950

From: Jeffrey Epstein <[email protected]> Sent: Wednesday, July 31, 2013 1:58 PM To: Alan S Halperin; Melanie Spinella Subject: Re: Leon 1.1 think the note should carry a real interst rate.? =f not why not? the assets collaterizing the note are marital assets. =therefore debra should sign, she has agreed to the estae plan.. yes she sh=uld have a will done.. 2 justin nelson is jp morgan , and eileen =hould meet wtih him, but i see that you have been involved in letters o= credit for office, it seems very silly . 4. i think the note =an be more than one, pay part allowed. . what exactly will leon b= buying, sec filings? On Wed,=Jul 31, 2013 at 9:21 AM, Alan S Halperin < /=» wrote: Please consider th= following: 1. We will prepare the substitution document, note and security documents. I anticipate a nine-year note, at AFR, with interest payable annually and a balloon payment of principal at the end. I anticipate the ability to pre-pay principal. The face amount of the note will be fair market value, to be defined to match the willing purchaser/willing seller test under the gift and estate tax regs, to be determined by Empire Valuation. That way, we can have the substitution in place before the valuation is done. We will consider whether it is possible to protect against changes in valuation. 2. Why is Debra signing anything? What is she signing? We are not doing her Will. 3. Eileen, I believe, is running numbers to help guide Leon determine what portion of the BFP he is to purch=sing. 4. Are you in touch with Tom as to the airplane? 5. Please explain "please met Justn Nelson." IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transacti=n or matter addressed herein.=u> Click Here for More Information <http://www.paulweiss.com/files/tbl_s29Publications/Fi=eUpload5679/5647/230.pdf> Alan S. Halperin I Partn=r Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas I New York, NY 10019-6064 EFTA_R1_01741282 EFTA02571950 > I www.paulweiss.com</=> <http://www.paulweiss.com/> From: =AO "Jeffrey Epstein" <jeevacation@=mail.com <mailto:[email protected]» To: "Eileen Alexanderson&qu=t; < <mailto », Alan S Halper », "Melanie Spinella" < Date: =AO 07/31/2013 09:10 AM Subject: , "Ada Clapp" < > > lets prepare a note . collateraized signed by leon and debra. , terms conditions etc. . debras will , ? airplane tax positon? ( tom ). , begin to prepare a cost vs value for all art. ? please mmet wtih justin nelson , how much is the total rent guarantee? , 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]=m <mailto:[email protected]=>, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message is intended only for the use of the Addressee and =ay contain information that is privileged and confidential. If you are no= the intended recipient, you are hereby notified that any dissemination of=this communication is strictly prohibited. If you have received this comm=nication in error, please erase all copies of the message and its attachme=ts and notify us immediately. 2 EFTA_R1_01741283 EFTA02571951 =br>-- ******** ***minim* ****** ******* *** ********* s ******* ***** T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 3 EFTA_R1_01741284 EFTA02571952