From: Jeffrey Epstein <jeevacation(agmail.com> To: Eileen Alexanderson < Subject: Re: FW: ownership update Date: Fri, 01 Feb 2013 20:59:58 +0000 On Fri, Feb I. 2013 at 3:51 PM. Eileen Alexanderson < Would you have a few minutes for a question? From: Jeffrey Epstein Irreato:feexacatocaginadt010) Sent: Friday, February 01, 2013 1:54 PM To: Nan 5 Halpern Cc: Eileen Alexanderscn Subject Re: FVV: ownership update 5 wrote: im somewhat hesitcant to take the full limited marketability discount if he intends to sell stock at full value shortly afterwards otherwise i agree. elan if the art were put in an Ile with some cash, would the transfer of an intangible make you feel more secure. Im not sure. I still cannot find a case. On Fri. Feb 1. 2013 at 1:42 PM. Alan S Halperin <MIIIMII > wrote: Thanks, Eileen. Given how current the valuation is, an in light of the fact that we do not yet know the structure of the transfers. I think it is premature to ask for an updated valuation. Indeed, the valuation should reflect the valuation date, which is sometime in the future. Nevertheless, this valuation should provide us with good insight. Jeffrey. do you agree? RS Circular 230 disclosure' To ensure compliance with requirements imposed by the IRS. we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting. marketing or recommending to another party any transaction or matter addressed herein. ClidtheaktadoteIntonalliza Alan S. ilatnrin I Porn, Paul. Viols,. Rilkind. Manua 6 Garrison LLP Fro', taconnsaandorson" To -ant/ EPOSIC . atisafatOr3a0 . Cc. /WAG 14.1pamPealAtne8PZIOYees DaM: 02J01/20I3 01:29 PM Gutwa vain:calm up**. See page 4 for value as of 12121112. I asked Empire to wait on issuing a report thinking we would need an update. Just tell me what date yo