<table><tr><th>From: </th><th></th></tr><tr><td>Sent:</td><td>Thursday, July 28, 2016 1:53 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>TestBest</td></tr></table>

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1. The structure? Is creating s separate non-pro=it entity ("TesBest Scolarships") better than a subsidiary? =br>

2. The relationship between the for-profit and not-for profit?

Thank you so much!!!

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The informa=ion contained in this communication is confidential, may be attorney-cl=ent <u>privileged, may constitute</u> inside information, and is intended only=for the use of the addressee. It is the property of