<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Friday, August 17, 2012 5:57 PM</td></tr><tr><td>To:</td><td>Eileen Alexanderson; Melanie Spinella</td></tr></table>

to make a gift , you have to have a property right in it. the futu=e income right, is questionalble , the income tax issues, seperate f=om the gift and transfer tax issues are also complex as gifting incenti=e fee income is extremely fact specific control etc.

*************

***********

T=e information contained in this communication is confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of Jeffrey Epstein Unau=horized use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have received t=is communication in error, please notify us immediately by return e-mail or=by e-mail to je=vacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies t=ereof, including all attachments. copyright -all rights reserved

--0015175747d8396d1304c779e2a3-- conversation-id 228018 date-last-viewed 0 date-received 1345226207 flags 8590195713 remote-id 241062