EFTA01802752.pdf

From: Dangene and Jennie Enterprise < Sent: Sunday, May 15, 2016 7:01 PM To: Jeffrey Epstein Subject: Fwd: Follow up from your call with Jennie RUSS owes us a reply we are going to reach out again tomorrow „,„ CORE: Jennie Enterprise I I Founder & Chairman I 66 East 55th Street New York NY 10022 I Main: Mobile: I www.coreaccess.net <http://www.coreaccess.net/> I Begin forwarded message: From: "Ross, Rick" < > Subject: RE: Follow up from your call with Jennie Date: May 10, 2016 at 6:56:09 PM EDT To: 'Russ Stein' <a> Cc: Cod Flanders 'Dangene and Jennie Enterprise' Hi Russ. I hope your trip overseas was a good one! Germany...interesting place for sure! I go to Berlin every year in early March for the big European hotel conference. Fascinating city! I'm just following up with you as to your email below, and hoping you've had an opportunity to review my earlier email. Jennie and I look forward to hearing from you...as always! All the best, Rick Rick Ross Richard F. Ross, PC Co-Chair, Global Hotels & Leisure D I US Internal 63901 Bio <http://www.dentons.com/ch.aspx?emaiaa&action=biolink> I Website <http://www.dentons.comi> EFTA_R1_00145326 EFTA01802752 Assistant: Rochelle Jones [- a Dentons US LLP 2398 East Camelback Road, Suite 850, Phoenix, AZ 85016-9007 ht Salans FMC SNR Denton McKenna Long Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. This email may be confidential and protected by legal privilege. If you are not the intended recipient, disclosure, copying, distribution and use are prohibited; please notify us immediately and delete this copy from your system. Please see dentons.com <http://dentons.com/> for Legal Notices. From: Russ Stein [mailto Sent: Friday, April 29, 20 To: Ross, Rick Cc: Cod Flanders; 'Dangene and Jennie Enterprise' Subject: Re: Follow up from your call with Jennie Hi Rick, I have been out of country and contacted Jennie from Germany. Please let me review when I am fully conscious and respond next week. Thank you, Russ From: Ross, Rick Sent: Friday, April 29, 2016 9:12 AM To: Russ Stein Cc: Cod Flanders; 'Dangene and Jennie Enterprise' Subject: Follow up from your call with Jennie Hi. I spoke with Jennie about her call with you yesterday. She shared with me that the two of you agreed that the best way to accomplish our mutual objectives would be for Jennie to get all of the company's tax returns done and have you review them (and be comfortable with them), before any documents are signed, and that we should focus on doing the deal that she and Nathan always contemplated (i.e. being partners -- not a lender/borrower relationship). Makes sense to me too. Jennie tells me that all of the returns should be done in the next 4-5 weeks. As such, what I would like to propose is that we effectively start over and send you a proposed structure (chart and steps) that would assume (i) you have already seen all of the tax returns and (ii) having seen them, you are now comfortable proceeding. Once we mutually agree on a structure, we would immediately start to draft the documents to implement the structure (and most importantly, the new JV entity with Jennie and Nathan) and send them to you for your review. This approach would not only provide an expedited path toward a closing with you (rather than starting this process in 4.5 weeks), this also helps Jennie and me deal with RFR. If we have to tell RFR we are doing nothing for the next 4-5 weeks, as opposed to working on the documents to implement a closing -- they will be very difficult (and candidly, they can be unpredictable and even a bit irrational). As you would expect, we have been honest with them as to the reason for the delay in our transaction with you being due to the unknown tax risks, and based upon Jennie's calls with them, we believe they will understand that the path we would be taking (if you agree to it) is prudent and reasonable. Please let Jennie and me know if you agree with our suggested approach, and if so, we'll get you over our proposed structure chart and steps. 2 EFTA_R1_00145327 EFTA01802753  As always, I greatly appreciate your thoughtfulness as to all of these matters. All the best, Rick Rick Ross Richard F. Ross, PC Co-Chair, Global Hotels & Leisure US Internal 63901 Bio <https://urldefense.proofpoint.com/v2/urPu=http-3A www.dentons.com_ch.aspx-3Femail-3= 26action- 3Dbiolink&drBQMGaQ&c=f_hce7QtucnhnFZbRZTIIH6nx5magl_14FtEFKPmHCI&r=sHkDbVaRbHTU2yBluXoj3xN9zydUgX ourDPFPE2F7o&m=P-DxER59FVeHoyiuivgbld7Rvboszghlk3zaumsrWc&s=jFoZgGgzwMCKK1n1Xg0PT- OtrKcNOXMX5heUex7MiMQ&e=> I Website <https://urldefense.proofpoint.com/v2/url?u=http- 3A www.dentons.com&d=8QMGaQ&c=f_hce7QtucnhnFZbRZTIIH6nx5magl_14FtEFKPmHCI&r=sHkDbVaRbHTU2031u Koj3xN9zydtJgXourDPFPE2F7o&m=P- DxER59FYeliciyiuivgbld7Rvbosz hlk3zZLumsrWc&s=_gXd91PyHoWd91c.lv32HRGm4TKO-_KIA7oq4t0O2eVg&e=> Assistant: Rochelle Jones [ Dentons US LLP 2398 East Camelback Road, Suite 850, Phoenix, AZ 85016-9007 Salans FMC SNR Denton McKenna Long Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. This email may be confidential and protected by legal privilege. If you are not the intended recipient, disclosure, copying, distribution and use are prohibited; please notify us immediately and delete this copy from your system. Please see dentons.com <http://dentons.com/> for Legal Notices. 3 EFTA_R1_00145328 EFTA01802754