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August 14, 2014 Mr. Ralph Lerner Art World Advisors, LLC 590 Madison Avenue New York, NY 10022 Re: LDB Foundation Dear Ralph: I hope that you have had an enjoyable summer. As you know, Leon recently established his own family office. One of its main functions is to assist
of the tasks currently performed by officers and directors of these entities. In that regard, we are making changes to the officers and directors of the LDB Foundation. To assist us in accomplishing this, we ask that you please sign and date the enclosed resignation letter, whereby you resign your positions as Dir
nk signature card to US Trust with the signatures of the signatories — LDB, DRB and Melanie. (Currently signatories for US Trust are LDB/DRB and RL) Ralph can be a trustee but won't have any banking authority unless he wishes to reinstate himself. I am happy to talk to Ralph on this. We have to move th
n that Leon is thinking about how he wishes to move forward with this. To my knowledge, Melanie is not an officer, director or authorized person for the LDB Foundation. Neither are you so I am not sure on what basis the bank will accept your instructions regarding the Foundation's account. Ada Clapp Elysium Manag
delson < Sent: Tuesday, September 16. 2014 12:21 PM Subject: RE: LDB Foundation JEE and I spoke and he directed me to make this change given that Ralph had still not been removed. He said it was fine to speak to Ralph about banking functions. I have current signature card from the bank. Let's talk
n that Leon is thinking about how he wishes to move forward with this. To my knowledge, Melanie is not an officer, director or authorized person for the LDB Foundation. Neither are you so I am not sure on what basis the bank will accept your instructions regarding the Foundation's account. Ada Clapp Elysium Manag
oundation/FTLOA Foundation Richard D'Agostino I spoke with Diana Wierbicki at Withers today to request that she prepare th= documentation to remove Ralph as a Director of the LDB Foundation. On our call she noted that Withers had not yet filed the IRS Form 1023 (Appl=cation for Recognition of Exempti
on Richard D'Agostino I spoke with Diana Wierbicki at Withers today to request that she prepare th= documentation to remove Ralph as a Director of the LDB Foundation. On our call she noted that Withers had not yet filed the IRS Form 1023 (Appl=cation for Recognition of Exemption under IRC Section 501(c)(3)) for
August 14, 2014 Mr. Ralph Lerner Art World Advisors, LLC 590 Madison Avenue New York, NY 10022 Re: LDB Foundation Dear Ralph: I hope that you have had an enjoyable summer. As you know, Leon recently established his own family office. One of its main functions is to assist
of the tasks currently performed by officers and directors of these entities. In that regard, we are making changes to the officers and directors of the LDB Foundation. To assist us in accomplishing this, we ask that you please sign and date the enclosed resignation letter, whereby you resign your positions as Dir
Entities connected to both Ralph and the LDB Foundation

Jeffrey Epstein
PERSONLeon Black
PERSONEileen Alexanderson
PERSON
Marc Rich
PERSONAda Clapp
PERSON
Melania Trump
PERSON
George W. Bush
PERSON
Princess Diana
PERSON
Richard Joslin
PERSONHeather deManbey
PERSONHeather Gray
PERSONElysium Management LLC
ORGANIZATIONRichard D'Agostino
PERSONArt World Advisors
ORGANIZATIONDiana W.
PERSONDiana Wierbiki
PERSONUS Trust
ORGANIZATIONthe "Foundation
ORGANIZATION