EFTA00676510.pdf

From: Melanie Spinella To: 'Jeffrey Epstein' <jeevacation@gmail.com> Subject: RE: FW: Documents for You to Sign Tomorrow re GRAT Payment Date: Fri, 24 Jan 2014 17:24:58 +0000 Ok — I let him know From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Friday, January 24, 2014 12:13 PM To: Melanie Spinella Subject: Fwd: FW: Documents for You to Sign Tomorrow re GRAT Payment Do not re grat until tues Forwarded message From: Richard Joslin Date: Friday, January 24, 2014 Subject: FW: Documents for You to Sign Tomorrow it GRAT Payment To: "jeevacation®gmail.com" leevacation@gmail.com> fyi From: Ada Clapp [mailto Sent: Friday, January 24, 2014 10:58 AM To: Richard Joslin; Richard D'Agostino Subject: FW: Documents for You to Sign Tomorrow re DRAT Payment FYI On Jan 23, 2014, at 5:21 PM, "Ada Clapp" <I > wrote: Hi Leon, As you may recall, the first annuity payment from the APOI GRAT you created on October 25, 2013 will be paid to you tomorrow. Based upon Empire's rough estimate of the BFP interests you gifted to the APOI GRAT ($1 billion for a 37.75% interest), your first quarter annuity payment will be approximately $116 million. It will be paid to you with cash of $47 million and roughly a 2.2% interest in BFP (about $2 million shares). This is a based upon an assumed mean for the stock tomorrow of $34/share. If the mean, with discounts, is closer to $29/share, you will receive about a 2.6% BFP interest (or roughly 2.4 million shares). Alan will be sending you an assignment for your signature tomorrow, assigning the BFP interest from the APOI GRAT to you. Eileen has already arranged for the cash to be transferred. We understand from Jeffrey that you wish to immediately transfer the BFP interest you will receive tomorrow to a new GRAT. Accordingly, Alan will also be sending you for signature (i) a new GRAT agreement (the APOI GRAT No. 3) and (ii) a second assignment whereby you assign the BFP interest to the new APOI GRAT No. 3. EFTA00676510 I am available anytime should you wish to discuss any of the foregoing. Best regards, Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: Email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used, by any person or entity for the purposes of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) proposing, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC EFTA00676511 EFTA00676512