EFTA00904535.txt

"From: Jeffrey Epstein [email protected] To: Moths Skaugen Cc: Terje Rod-Larsen Date: Wed, 16 Feb 2011"

"On Tue, Feb 15, 2011 at 7:57 AM, Morits Skaugen wrote: Pls check US taxation re below that i discussed with JE by phone"

"Moths Skaugen CEO IMS - Innovative Maritime Solutions"

"Sent following to Terje today: Terje Pls check US taxation re below that i discussed with JE by phone"

"dear morits„ I hope to see you soon, Best personal regards, Morits"

"i incorporate a company (SPV) for this in nonvay. I call this FT5 AS This company will be owned by my personal investment company."

"This is partly financed by your equity from sale of the apartment... and partly from loans secured by JE"

"The loans from JE can be secured against a 1 priority Mortgage in the house. I certainly can provide a mortgage."