<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Friday, April 25, 2014 2:55 AM</td></tr><tr><td>To:</td><td>; Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Re: Promised art</td></tr></table>

And note the unauthorized maintaining of multiple art lists and the request=for information from paralegal vs from pre-existing accounting lists that were maintains explicitly art made datab=se. obsolete I added by my all cataloguing gift information effort=. to I the look inventory forward data to working warehouse with and Larry then= to improve organizational processe=.

> On Apr 24, 2014, at 10:45 PM, "Richard Joslin" < > wrot=:

>

>

> This is exactly what i referred to as not a 100% / 0 effort. Works are j=intly owned and there are requirements to properly insure by contract. Fr=m accounting perspective I need to track down invoices, check what was pai=, and. compare to contracts or letters of intention. For example, in past= invoice did not indicate joint ownership but gift letter stated joint own=rship. I figure I get all documentation and hand off to Ada to deal with =state issues. And given the mandate to be point person on art related it=ms, i lead the effort to gather facts and get complete our records so as t= have global view of artworks. I must provide to Ada in her efforts. She reads for estate tax inclusion and understanding of any legal obligations e=c.

>

> This should be a collaborative process. We work together and not separat=ly. Ada can also lead this effort and I just need to be involved to tease=out all issues germane to my efforts.

>

>

> On Apr 24, 2014, at 9:17 PM, "Ada Clapp" <blackened out> wrote:
>>
>> Rich-Elizabeth,

>>

» Let's discuss this with Larry on Monday. The list Elizabeth sent was a =ist she prepared for me before you joined the family office. It details t=e provisions of the pledge agreements and joint purchase agreements betwee= Leon and the various museums. I have not yet reviewed it against the ac=ual documents so I would rather she not circulate it as her descriptions o= the provisions may not be accurate.

>>

» I would like to discuss this project with Larry (and of course, Eileen i= she wishes to be involved). It seems to me that these are legal document= and require an assessment of Leon's obligation (and the obligation of Leo='s estate or Debra's estate) to give the works to the museums at some poi=t in the future. We need to know which are legally binding on his estate,=in some cases, to obtain the completed paperwork and ensure that Leon comp=ies with the terms of each agreement. There are also issues in connection=with making fractional interest gifts of art that need to be looked into. =This project does not really have to do with numbers or inventorying the a=sets involved (you have already done that), so it does not seem to fall wi=hin your job segmentation as Jeffrey described it today. >>

» If Larry agrees that I should manage this project, I will certainly circ=late the list once I have confirmed its accuracy. If Larry feels that thi= is a project you should manage, then I am more than happy to give you the=list Elizabeth created and let you review it against the legal documents y=urself.

>>

> Let's try to pick a time with Larry on Monday. This is best discussed i= person rather than via email.
>> Thanks!
>> Ada Clapp
>> Elysium Management LLC
>> 445 Park Avenue
>> Suite 1401

>>

>>

» IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you Pat any tax advice contained in this communication (including attachments) =s not intended or written to be used, and cannot be used, by any person or=entity for the purposes of (i) avoiding tax related penalties imposed by a=y governmental tax authority, or (ii) proposing, marketing or recommending=to another party any transaction or matter discussed herein. I advise you=to consult with an independent tax advisor on your particular tax circumst=nces.

>>

» This communication and any attachment is for the intended recipient(s) o=ly and may contain information that is privileged, confidential and/or pro=rietary. If you are not the intended recipient, you are hereby notified t=at further dissemination of this communication and its attachments is proh=bited. Please delete all copies of this communication and its attachments=and notify me immediately that you have received them in error. Thank you=

>>

>>

>> -----Original Message-----

» From: Richard Joslin

» Sent: Thursday, April 24, 2014 7:47 PM

» To: Ada Clapp; Elizabeth Damaskos

» Cc: Eileen Alexanderson

» Subject: RE: Promised art

>>

» Thanks Ada for the update

» I am not familiar with the Jointly Owned/Promised Gift list ED pls sto= by in morning to discuss. I'd like to make sure we centralize information=distribution. Thanks

## >>

>> ------Original Message------

>> From: Ada Clapp

» Sent: Thursday, April 24, 2014 6:27 PM

» To: Elizabeth Damaskos

» Cc: Eileen Alexanderson; Richard Joslin

» Subject: RE: Promised art

>>

» Thanks Elizabeth--my understanding from Rich J. is that we did not want =o rely on currency conversion (i.e., that it was incorrect to do so) but o=ly on actual dollars paid. Copying him so he is aware. Thanks!

>>

>> -----Original Message-----

» From: Elizabeth Damaskos

» Sent: Thursday, April 24, 2014 4:03 PM

>> To: Ada Clapp

» Subject: RE: Promised art

## >> (cont.)

>>

>> Ada,

>>

» Yes, there are 22 items and Leon's interest totals $161,389,560. Please =ee attached the revised Jointly Owned/Promised Gift list with your edits a= well as the revised index. I am working on retrieving the Seascape docume=ts.

>>

» Also, please note that while most of the prices paid on the excel sheet =ere/have been updated with actual price paid there are still two works for=which we have relied on currency conversion.

>>

>> Best,

>> Elizabeth

>>

>> ----- Original Message

>> From: Ada Clapp [mailto:

» Sent: Thursday, April 24, 2014 03:43 PM Eastern Standard Time

» To: Damaskos, Elizabeth

» Subject: Promised art

>>

>> Hi Elizabeth,

>>

» Can you please check the latest list of art promised to museums to see w=at the total value of Leon's interest is. I think it totals around $161m=llion. Can you please confirm that. How many pieces is it? 22? Thanks

>>

>> Sent from my iPad

>>

» This message is intended only for the use of the Addressee and may conta=n information that is privileged and confidential. If you are not the int=nded recipient, you are hereby notified that any dissemination of this com=unication is strictly prohibited. If you have received this communication=in error, please erase all copies of the message and its attachments and n=tify us immediately.

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