From: Mortimer Zuckerman
Sent: Saturday, February 1, 2014 12:45 AM
To: Jeffrey Epstein
Subject: Re:

Jeffrey. I have now consulted with three tax specialists and they do not s=e the issues as you do especially on the step up.

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On Jan 31, 2014, at 5:44 PM, "Jeffrey Epstein" <jeevacation@gmail.com<mailto:jeevacation@gmail.com>> wrote:

mort, I understand the myriad of strains that you are laboring under. =o be fair, you first told me to work on your documents and i should feel=comfortable that we would reach an agreement. I spent weeks of my time an= my teams time. we found and corrected errors that would have cost over =00 million dollars based on faulty drafting. Alan halperin charged you onl= 34k. You then told me that I should stand down and Ellen had everythin= under control. However after spending hours with her. She didn't even =now the basis in your billion dollars notes. you then asked me to come se= you with Terje , and agreed and shook hands with both terje and i a fee =f 21million dollars and argued for Terje to receive a million of it. Thi= is roughly half the fee I told you is my standard. I hired two people = had many meetings, some with Chris to revivew all your documents . agai= though you had my contracts since september told me that now as the dail= news would be merged the post. I should wait another week. I have tol= you all along that a performance based fee would be a percentage of tax s=viings and cost a lot more money. I told you that your trust statements=were problematic as they had notes due form the daily news. the statement=givein to the bank to support your loans was an issue. . I have repeatedl= said there are ways to deal with all these issues. , but this is what I d= for a liviing. you are my very good friend and I have given you great ad=ice. I then recievd a call from LEon Black , telling me that you had =sked to find a sophisticated tax person, and he also pointed you to me. = am aware of the difficutly you have in paying real money for real advice.= I am surprised as when it comes to real esate you have always been the to= bidder for A qualtiy property. paying more that others though reasonsobl= and with great results. I have been very clear, that your issues require= delicate surgery. litigation profile, income tax, real estate trasnfer, =sec regualtions as a board memeber of BXP. charitbel contribuiton and ple=ges. art work that needs to get sold asap. and partnership accountings = A cash flow statment that is dangerous, when combined with 60 million d=llars of unfunded capital commitments. . Billoins of dollars of fictional=preferred on your balance sheet. . ambiguous setlllement language with Mar=a. Three times now you have agreed to something , and then changed your =ind the following week. I only have good feelings towards you, and am tor= watching you do yourself financial harm. My offer to work for 20 millio= is of course no longer in effect. and though I have found hundreds of m=llions of dollars of issues. you appear to find my best advice too expens=ve, I an aware of your health issues as you know, and will stand by you =s a friend. giving you answers to questions that are the bread and butter=of my business , and as of today being out of pocket on your behalf is m= act of friendship. that doesn't make it fair.

On Fri, Jan 31, 2014 at 5:13 PM, Mortimer Zuckerman

wrote:

I am puzzled by this. How do you get a basis step up this is serious news =hanks Jeffrey mort

Sent from my iPhone

On Jan 31, 2014, at 1:40 PM, "Jeffrey Epstein" <jeevacation@gmail.com<mailto:jeevacation@gmail.com>> wrote:

if you were to get married. many of the more tricky isseus woudl be solve=. no estate tax. . basis step up. guardain ship for rene. . 100s of =illilns saved

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Thank you.

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The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com<mailto:jeevacation@gmai=.com>, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

This message is a private communication and is intended only for the nam