<table><tr><th>From:</th><th>Jeffrey Epstein &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, July 12, 2012 8:34 PM</td></tr><tr><td>To:</td><td>Eileen Alexanderson; Melanie Spinella</td></tr></table>

seperate from our mandtory payment problem, on the oart partnership idea= the partnership rules under 721and 351„ and the fed issues of div=rsification need consdieration. as we do notw want to trigger the gain,=if the gift would now be compelte after giving up the right to income. . <=r clear="all">

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