<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, August 1, 2013 12:18 PM</td></tr><tr><td>To:</td><td>Thomas Turrin</td></tr><tr><td>Subject:</td><td>Re: FW: N624N - Plane</td></tr></table>

are the pilots manuals etc 135 restricted or 91 free=?

O= Wed, Jul 31, 2013 at 11:26 AM, Thomas Turrin <████████████> wrote:

Jeffrey,=/span>

I spoke with Michael M=ndel and Pat Fenn of Akin on Friday. Eileen was also on the call.

Michael Mandel is w=rking on the restructuring the plane agreements as between

Rance Acquisitions, LL=, Jet Aviation, Apollo, Leon etc...Avioneta would continue as the "benef=cial

owner" of Rance for =ax purposes. See Michael's comments below.

The restructuring prov=des for Part 135 chartering between Apollo and Jet Aviation...in addition =o Part 135 flights for Leon's personal use, should he

choose to fly Part 135=85.Flying Part 135 personally will count toward "business use" of the =ircraft for purposes of calculating percentage

of use for depreciatio= purposes...(more than 50%). The proposed restructuring also gives him =he right to Part 91for personal use.

Pat Fenn of Akin is ch=cking the law with respect to the applicability of the US excise tax for A=ollo reimbursements for year 2012 and this year —</=>

I expect to hear from =im today or tomorrow. I will follow up.

Best,

Tom

## THOMAS TURIN, CPA<=>>

Partner

Raich Ende Malter & =o. LLP

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Surrounding text (transcribed)
- Raich Ende Malter & =o. LLP
- From: Mandel, =ichael [r
- Sent: Thursday, July 25, 2013 11:10 AM
- To: Thomas Turrin
- Cc: Fenn, Patrick; Zivot, Louis; Daigle, Brian
- Subject: N624N

Key entities
- Organization: Raich Ende Malter & =o. LLP
- Sender: Mandel, Michael (as shown)
- Recipients: Thomas Turrin; Cc — Patrick Fenn, Louis Zivot, Brian Daigle
- Subject line: N624N

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- Image appears to be a placeholder/fully redacted/blank image; no extractable data or chart.

From: Mandel, =ichael [r
Sent: Thursday, July 25, 2013 11:10 AM
To: Thomas Turrin
Cc: Fenn, Patrick; Zivot, Louis; Daigle, Brian
Subject: N624N

<=>:

Tom, we haven't shared this specif=c outline or any documents with Jet Aviation yet, but we have discussed th= concepts embodied by the listed agreements. In any event, here is our current thinking. Basically we envision five "new" docu=ents (one of which is actually an amendment of an existing agreement):<=u>

## THOMAS TURIN, CPA<=>> (cont.)

1. A Dry lease Agreement between 1=t and Rance Acquisitions, tic (the aircraft's registered owner) authoriz=ng Part 135 charter operations.

	2. An Operating Agreement between =ance and LDB that gives LDB a non-exclusive license for Part 91 flights.

3. An Amended and Restated Aircraf= Management Agreement among Jet, Rance and LDB covering insuring, staffing= maintaining and operating the aircraft for Part 91 operations for LDB and his family for personal use.</=>

4. A Charter Services Agreement (t=ink of it as a supplement to the Dry Lease Agreement) between Jet and Apol=o that permits Apollo to charter the aircraft (for Apollo business travel).

5. A Charter Services Agreement be=ween Jet and LDB that permits LDB to charter the aircraft for business pur=oses (that may or may not include business travel).</=>

This proposal is subject to your rev=ew, as well as Patrick's analysis of the structure's impact on the abi=ity to depreciate 100% of aircraft cost given the personal use arrangements. Let Patrick or me know when you would like to discuss=this further.

Thanks.

Michael=S. Mandel

AKIN GUMP STRAUSS HAUER & FELD LLP

The information contained in this e-mail message is intended only for the p=rsonal and confidential use of the recipient(s) named above. If you have r=ceived this communication in error, please notify us immediately by e-mail= and delete the original message.

=A0

## THOMAS TURIN, CPA<=>> (cont.)

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