<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Sunday, February 22, 2015 4:25 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>THIS IS WRITTEN ONE YEAR AGO!!!</td></tr></table>

With regard the more pressing issue I am uncertain of just how to proceed. I am torn, as my very strong inclination is not to be=20 involved at all . It is extremely time consuming, delicate, fraught w=th many pitfall many that will make you very upset and a major pain in the ass. =AO I wrote you months ago that the quality of the people involved need to =e upgraded. ( lucky for me these last issues arose way before the begi=ning of my involvement ) I am also aware however of my overar=hing friendship obligations of ok, -given all the complexities =who else can do it? problem. Your family office needs a daddy. child=en with good intentions are running around , sniping , nitpicking with little direction. As a stopgap measure I am suggesting , we put in Larry Delson to take charge Everyone would report to him. eilee= included. He would however work for me. this is not, by a long shot=C2 my first choice as I prefer only being responsible and standing behind =y own personal work ( ie the word DONE will no longer be transmi=ted to reflect status stated by others )

With =o commitment on my part whatsoever, to do it. So far as I have failed in my attempt in trying to think through the problem creatively=. My organizations handling of the more complex issues I believe you might find very costly, very ! ( however many structures available some risk s=aring, maybe risk caps ,etc ) but would require my terms doing the work , not yours. Ada should be only a trust, grat administrator. not sure what role you prefer for=Eileen as you hired her initially to oversee investments. whether Ric= your controller stays or not, is not urgent. having Tom report to a =ew person,- is. coordination with Suydam Kathy gregory, I world suggest limiting to one person. The increasing public profile needs to be tak=n into consideration.

talk later..c

eileen did not r=port to delson, no one was hired to run office until two moths ago=C2 eileen followed your instructions. not mine. my team was not hired t= do the contracting as opposed to architecture, you kept your own team. wi=h eileen at the head. instructions were given , detailed but i=nored by your people. ,ex. jpm morgan acct still not in use? i= your calculation from where you were to where you are . you m=de a hell of a deal. -- negotiating down the original amount. =uggesting carlyn was partially my fault. ( though I had never =een asked to follow up ). suggesting that Tom was now that last word=on tax characterization. ,

## =C2 please note

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