From: Brad Wechsler To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Fw: Re: Date: Wed, 31 Aug 2016 20:33:20 +0000 Remarkable, no? Sent from my Verizon Wireless BlackBerry From: Joe Avantario Date: Wed, 31 Aug 2016 18:58:57 +0000 To: Brad Wechsler<I Cc: John Castrucci< Subject: RE: Re: The GAAP financials show a Loss of $1.47MM not income. We will provide Rich with any support he needs Joe Begin forwarded message: From: Brad Wechsler -1 Date: August 31, 2016 at 1:28:58 PM EDT To: Richard Joslin , John Castrucci • Cc: Joe Avantario Subject: Re: Reply-To: Brad Wechsler Joe/john/rich-wld you please get on top of this. I need real, 2015 verified numbers for book P&L and tax. This shldnt be a big deal. Ditto on artspace and phaidon and phaidon 11c. These books have been closed--or shld have been closed--a long time ago?? Sent from my Verizon Wireless BlackBerry Original Message From: Richard Joslin Date: Wed, 31 Aug 2016 17:03:30 To: Brad Wechsle John Castrucci< Cc: Joe Avantario Subject: RE: See John Murphy financials attached. Realize that commssions are capitalized into cost of book are not expensed so cash contributions by owner will not be directly correlated to P&L GAAP This is not tax numbers but GAAP. Regan Arts will have tax adjustments to inventory that will change COGS I have not looked at this too closely as not yet a priority. BDO team that did last year is in process of looking at the inventory capitalization. I have all the information from John Mutphy for them to perform the work BDO bookkeeping started work in 2016 and 2016 books are managed by them Original Message EFTA00819809 From: Brad Wechsler Sent: Wednesday, August 31, 2016 12:56 PM To: John Castrucci < >, Richard Joslin Subject: Btw, jeffrey seemed to interpret what rich said yesterday as regan arts making taxable income in '15. Can that be correct? Sent from my Verizon Wireless BlackBerry EFTA00819810