From: Jeffrey Epstein <[email protected]> Sent: Wednesday, February 26, 2014 5:29 PM To: Ada Clapp Cc: Alan S Halperin; Christopher L Hurtado; Eileen Alexanderson; Richard Joslin Subject: Re: GRATs let them decide . i do not want to=influence their outcome On Wed, Feb 26, 2014 at 12:46 PM, Ada Clapp <mailto » wrote: I did ask Empire about dong the valuati=ns that way and was told they did not do their valuations in this manner b=cause it did not take into account a discount associate with the percentage involved. Should we insist?<=u> Ada Clapp</=> Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022<=span> Direct Dial: <tel Fax: <tel Email: </=> IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any =ax advice contained in this communication (including attachments) is not i=tended or written to be used, and cannot be used, by any person or entity for the purposes of (i) avoiding tax rela=ed penalties imposed by any governmental tax authority, or (ii) proposing,=marketing or recommending to another party any transaction or matter discu=sed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. = This communication and any attachmen= is for the intended recipient(s) only and may contain information that is=privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that furthe= EFTA_R1_01758447 EFTA02581759