MEMORANDUM
TO: Ted Serure
FROM: Jeffrey Epstein - Donor
DATE: July 12, 2010
RE: Termination of Palm Beach Trust
Account No. 044-13706
On June 28, 2010, the term of the Palm Beach Trust (the "Trust") expired and
the Trust terminated. In accordance with the provisions of the Trust Agreement of
the Trust (the "Trust Agreement"), upon such termination, after making payment of
all unitrust amounts to the Donor required under the Trust Agreement, the
remainder of the Trust is required to be distributed to J. Epstein Foundation, now
known as Epstein Interests. Unitrust payments owing to the Donor under the Trust
Agreement amount to $3,096.86.
Accordingly, in connection with the termination of the Trust, please close the
above referenced account of the Trust (Account No. 044-13706) and transfer from
that account: (1) the sum of $3,096.86 to the account of Jeffrey Epstein (Account No.
038-28825); and (2) the remaining balance of $702.75 to the account of Epstein
Interests (f/k/a the J. Epstein Foundation) (Account No. 038-39970).
Thank you for your assistance.
EFTA00727885