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Interlochen Center for the Arts @ Interlochen February 9, 1994 Mr. Jeffrey Epstein J. Epstein and Company, Inc. The Villard House 457 Madison Avenue New York, NY 10022 Dear Jeffrey: I have talked to you and Ghislaine on several occasions to Say thank you. But, I wanted to express in writing my personal and professional gratitude for the very generous gift 9f $200,000 for a new scholarship lodge. It is truly an oxtederdinary-gesture. I thought an update would be appropriate at this time. 1. The contract with Town and Country has been executed and they have scheduled construction of the lodge. 2. We are waiting for the temperature to rise above 10-15 degrees so that we can move the existing buildings and set the foundation. (The June target date remains at this time.) Design and construction of the exterior walls is underway. 3. You have approved the latest set of drawings with the basement entrance as indicated and approved the green roof which works for us as well. 4. We are requesting furniture packages from local vendors that will be both aesthetic and functional for a rental lodge. When we receive the packages and corresponding quotes, we will send them on to Ghislaine for her comments and suggestions. 5. We anticipate setting aside all lodge income in the 1994 Camp season and placing the net income in an endowment fund so that subsequent repairs, maintenance and furniture replacement are funded through the endowment. All succeeding income will be placed into the Jeffrey Epstein Scholarship Interlochen Arts Academy — Interlochen Arts Camp — Interlochen Public Radio 88.7 FM/ 100.9 FM Address: Interlochen Center for the Arts P.O. Box 199 Interlochen, Michigan 49643-0199 Phone 616-276-7200 Fax 916-2768 Ly CONFIDENTIAL INT 000218 DOJ-OGR-00016041