<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Wednesday, May 13, 2015 3:31 PM
Richard D'Agostino</td></tr><tr><td>Subject:</td><td>Re: BofA Personal Financial Statements</td></tr></table>

Why is gift tax different from use tax??

On Wednesday May 13 2015 -Richard D'Agostino
<mailto > wrote:

All boat invoices received from captain=in 2014 were paid prior to Dec 31

Plane invoices were accrued as Rich.' n=ted below (payable to Jet Aviation)

SH Meadow — invoice for RE taxe= received late Dec, 50% paid prior to Dec 31

Gift & income tax were not accrued<=>

Elysium expenses, employee comp & o=erations, have historically not been consolidated into LDB F/S</=>

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Tuesday, May 12, 2015 8:49 PM
To: Richard D'Agostino
Cc: Brad Wechsler
Subject: Re: BofA Personal Financial Statements=/p>

boat and plane invoices? gift tax,=C2 ? sh said real estate tax. =not operations. im not fol=owing the logic. . at all.

On Tue, May 12, 2015 <u>at 7:13 PM Richard D' ost=no</u>
<javascript:_e(%7B%7D,'cvml', >=wrote:

Your point of inconsistent presentation is well rece=ved as to why it could raise an issue at the bank. As we continue to=get our arms around the many moving parts, we strive to present a more complete picture at each F/S date. As you have pointe= out, it's not 100%.

Question: From a bookkeeping standpoint, do we=want to show payable/receivables or be cash basis

instead?<=>

Leon's credit cards were shown on the Dec 31='14 BofA F/S as were the boat and plane loans.

Outstanding invoices for operations — functi=n of when invoices received and/or level of entity activity. We try =o pay on a weekly cycle. SH Meadow happens to be an entity w/ high volume due to ongoing construction.

Items not included were the unpaid 2013/2014 Paul We=ss ($1.3mm), which were discovered at year end & Raiche Ende Malter ($=.5mm) invoices as well as the Jan '15 tax payment. Historica=ly, the PW invoices never came thru Finance dept. In hindsight, we=could have went back & recorded manual adj. for these.</=>

From: Jeffrey E. [mailto:jeevacation@gmail.comj Sent: Tuesday, May 12, 2015 4:05 PM To: Brad Wechsler; Richard D'Agostino Subject: Fwd: BofA Personal Financial Statements

avionetta , is only the loan? operations. =AO boat? billls, credit cards income taxes. why on=y sh real estate. employee related. , insurance, . return of proceed= on options.? excise? bonuses?

From: Richard Joslin
Date: Tue, Apr 28, 2015 at 10:21 AM
Subject: RE: BofA Personal Financial Statements
To: Jeffrey Epstein <javascript:_e("%7B%7D",'cvml&#9;jeevacation@gmail.com <javascript:_e("%7B%7D",'cvml',"=jeevacation@gmail.com')>; &t;
Cc: Richard D'Agostino <javascript:_e("%7B%7D",'cvml'<=;,RD%5

DETAIL OF ACCOUNTS PAYAB=E

DEC 31 2014

ENTITY/ PERSON=</u>

DESCRIP=/u>

AMOUNT

JMWT LLC

DUE TO PHAIDON GLOBAL

=C2 (4,296)

APO1 GRAT #2</=>

EMPIRE VALUATION<=>

=C2 (10,490)

AVIONETA HOLDINGS=u>

JET AVIATION<A>

=(414,482)

SH MEADOW LLC<=u>

REAL ESTATE TAX

=C2 (25,880)

APO2 TRUST=u>

USE TAX=/u>

=(102,063)

APO1 TRUST=u>

USE TAX=/u>

(1,308,338)

LDES=/p USE TAX=/u>

=(532,866)

NARROWS=/u>

USE TAX=/u>

(3,243,464)

FRIENDS VENTURES<=>

USE TAX=/u>

(6,643,179)

From: Richard D'Agostino
Sent: Friday, April 10, 2015 6:23 PM
To: Jeffrey Epstein
Cc: Richard Joslin
Subject: BofA Personal Financial Statements

Jeffrey,

Please find attached draft PFS for Leon as of Decembe= 31, 2014 which have been reviewed by both Rich.' & Brad. The same methodology was followed as last time these were prepared. For =our reference, I have attached the prior PFS. Let us know if you hav= any comments.

Regards,

please no=e

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The information contained in this communic=tion is confidential, may be attorney-client privileged, may constit=te inside information, and is intended only for the use of the addresser. It is the property of JEE Unauthorized use, disclosure or copying =f this communication or any part thereof is strictly prohibited and =ay be unlawful. If you have received this communication in error, pleas= notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, andar>destroy this communication and all copies thereof, including all atta=hments. copyright -all rights reserved