EFTA02677609.pdf

From: Ada Clapp < > Sent: Wednesday, December 18, 2013 4:09 PM To: Jeffrey Epstein Cc: Eileen Alexanderson Subject: Art Rental Attachments: LBD 2011 Art Lease.pdf; Untitled attachment 00297.htm Hi =effrey, Attached is a signed Art Lease Agreement. =nbsp;My understanding is that it was signed but that Eileen never sent =t back to Elyse as she was waiting to hear back from McDermott regarding the outcomes of the audits of two McDermott clients where =ental payments for the use of art were a potential issue. =nbsp; My comments to Elyse (made in February =012) on the agreement were (i) that I did not like a lifetime lease =erm (looks too much like a retained interest) and asked if she would =horten the lease to say 1 or 2 years. She did not like such a =hort term but agreed to make it shorter than life, and (ii) that she =hould find some independent support for her methodology of calculating =he rental amount. New York NY 10019 phone: IRS Circular 230 =isclosure: Pursuant to IRS =egulations, I inform you that any tax advice contained in this =ommunication (including attachments) is not intended or written to be =sed, and cannot be used by any person or entity for the purpose of (i) =voiding tax related penalties imposed by any governmental tax =uthority, or (ii) promoting, marketing or recommending to another party =ny transaction or matter discussed herein. I advise you to consult with =n independent tax advisor on your particular tax =ircumstances. This communication, =nd any attachment, is for the intended recipient(s) only and may =ontain information that is privileged, confidential and/or proprietary =nbsp;lf you are not the intended recipient, you are hereby notified =hat further dissemination of this communication and its attachments is =rohibited. Please delete all copies of this communication and its =nbsp;attachments and notify me immediately that you have received them =n error. EFTA_R1_01972654 EFTA02677609