<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Monday, April 6, 2015 12:11 AM</td></tr><tr><td>To:</td><td>Richard Kahn</td></tr><tr><td>Subject:</td><td>Re: BLACK tax projections</td></tr></table>

as a director of sin is that self employment?=

On Sun= Apr 5, 2015 at 6:53 PM, Richard Kahn <████████████████████████████t; wrote:

Appears that they are showing SE income as SIR= (417,126) and URI (412,200) portion of stock sold ?? yet it is listed at =099 income (thought he said it was 52% or so of proceeds)

See be=ow which I copied from excel schedule under Maste FY 2104 tab

<table><tr><th></th><th>NON-1411</th><th></th><th>SUBJ 1411</th><th>NON-1411</th><th>NON-1411</th></tr><tr><td></td><td colspan="4">NON-SE NON-SE NON-SE SE</td><td></td></tr><tr><td></td><td>ORDINARY</td><td></td><td>ORDINARY</td><td>ORDINARY</td><td>ORDINARY</td></tr><tr><td></td><td>MATERIAL</td><td></td><td>NON-PASS</td><td>NON-PASS</td><td>NON-PASS</td></tr><tr><td colspan="6">WAGES 90,403</td></tr><tr><td>1099-MISC</td><td>NQO-URI</td><td></td><td></td><td>412,200</td><td></td></tr><tr><td>1099-MISC</td><td>NQO-SIRI</td><td></td><td></td><td>417,126</td><td></td></tr><tr><td>APOLLO LINKED</td><td colspan="5">5,262,404 58,444,573</td></tr><tr><td>1099-INT/DIV</td><td>LINKED</td><td></td><td></td><td></td><td></td></tr><tr><td>1099-INT/DIV</td><td>LINKED</td><td></td><td></td><td></td><td></td></tr><tr><td>SPLIT DOLLAR</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>SALE OF ART</td><td colspan="5">28%</td></tr><tr><td colspan="5">PASSIVE LOSS REGAN ARTS/ ARTSPACE/ AVIONETA</td><td></td></tr><tr><td>OTHER PASS THRU</td><td></td><td>PLUG</td><td></td><td>2,000,000</td><td></td></tr><tr><td>OTHER PASS THRU</td><td></td><td>LINKED</td><td></td><td>1,844,534</td><td>5,070,015</td></tr><tr><td></td><td>90,403</td><td>9,106,938</td><td></td><td>63,514,588 829,326</td><td></td></tr><tr><td colspan="6">INTERE=T - ART LOAN</td></tr><tr><td></td><td>90,403</td><td>9,106,938</td><td></td><td>63,514,588 829,326</td><td></td></tr><tr><td>CHARITY</td><td>CASH</td><td>50%</td><td></td><td>17,581,910 LINKED</td><td></td></tr><tr><td>CASH</td><td>30%</td><td></td><td>800,000</td><td>LINKED</td><td></td></tr><tr><td>NON-CASH</td><td></td><td>20%</td><td></td><td>31,076,038 LINKED</td><td></td></tr><tr><td></td><td></td><td></td><td>49,457,948 </td><td></td><td></td></tr><tr><td>NQO- WILL TRY</td><td>TO ASSIGN</td><td>TO</td><td>APOLLO -</td><td>ADDITIONAL CUSHION</td><td></td></tr></table>

From: Jeffrey Epstein <jeevacation@gmail.com>=br>Date: Sunday, April 5, 2015 at=5:41 PM
To: Richard Kahn <<= href="mailto: " target="_blank"> 
Subject: Fwd: =LACK tax projections

self emplyme=t income?

Forwarded message
From: Richard Joslin
Date: Sun, Apr 5, 2015 at 5:25 PM
Subject: BLACK tax projections
To: Brad Wechsler, "=effrey E."
<jeevacation@gmail.com <mailto:jeevacation@gmail.com>>

The files attached were sent to Alan D. and to Tom T. Tom =. signed off on the projection. His comments pertain to how much to =ay April 15 to ensure valid extension and not overpay Q12015 estimated ta= (paid with extension payment).

Alternative Minimum Tax both years so I did not put in =eal estate tax or 2013 state income tax deductions. Foreign tax cred=t not considered (additional cushion — Apollo did not provide)<=u>

<=>

Excel file has summary=and detail, eg taxes paid, charity, outside K-ls — not formatted for printing.

Adobe file has BNA software </=pan> projection FY 2014 and 2015)

Adobe=file has Apollo 2014 tax items and projected 2015 tax items (prepared by Apollo)

Please call to discuss on Monday =80 I can walk you thru.

=u>

Richard Joslin

CFO

Elysium Management LLC<=>

445 Park Ave

Ste. 1401

New Yor=, NY 10022

(w): 
(c): 
(f):

=C2 please note

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 JEE 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 jeevacation@gmail.com, and=destroy this communication and all copies thereof,

including all atta=hments. copyright -all rights reserved

</=pan>

please =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved