<table><tr><th>From:</th><th>Harry Beller</th></tr><tr><td>Sent:</td><td>Friday, May 6, 2011 5:20 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>Rich Kahn</td></tr><tr><td>Subject:</td><td>HAZE Trust</td></tr></table>

Jeffrey

HAZE Trust is a grantor trust. You are the grantor,beneficiary and the =ncome would pass-thru to you and you would be taxed based on US tax =ates.

For 2011 the highest rates are : Ordinary income 35% Long term capital gain 15%. If you are in AMT then its 28%

Both you and Darren are trustees

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