EFTA02515175.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, October 17, 2014 1:36 PM To: Ada Clapp Subject: Re: FW: Promissory Notes Required yes thnks On Fri, Oct 17, 2014 at 9:28 AM, Ada Clapp wrote: Sorry but I don't understand =our answer. Do you mean: * =C2* Note from Leon to LDB 2011 LLC f=r $2,903,392.00 should have a 3 year term with interest at .38%, interest =o be paid annually? * =C2' paid =nnually? Thanks. Note from BFP to Leon for $10,40=,000 should have a 9-year term with interest at 2.2%, interest to be Ada Clapp=/p> Chief Legal Officer Elysium Management LLC<=span> 445 Park Avenue<=p> Suite 1401 New York, New York 10022 This communication and any attachm=nt is for the intended recipient(s) only and may contain information that =s privileged, confidential and/or proprietary.=C2 If you are not the intended recipient, you are hereby notified that EFTA_R1_01649426 EFTA02515175 furthe= dissemination of this communication and its attachments is prohibited. =AO Please delete all copies of this communication and its attachments and =otify me immediately that you have received them in error. Thank you. From: Jeffrey E. [mailto:jeevacation@gmail.coml Sent: Friday, October 17, 2014 9:10 AM To: Ada Clapp Subject: Re: FW: Promissory Notes Required ok to both On Fri, Oct 17, 2014 at 9:03 AM, Ada Clapp rote: Hi Jeffrey,<=u> I received the below e=ail from Rich D. Please let me know: (i) =C2 what interest rate you would like to u=e for each note; (ii) =C2 whether interest will be paid annually=or whether unpaid accrued interest will be added to principal each year an= paid at the end of the term; and (iii)<=pan style="font-size:7.0pt;color:#1f497d"> =C2 what the term of each note should be.<=span> =U> Thanks. From: Richard D'Agostino Sent: Friday, October 10, 2014 5:50 PM To: Ada Clapp Cc: Eileen Alexanderson; Richard Joslin Subject: Promissory Notes Required Ada, 2 EFTA_R1_01649427 EFTA02515176 Your assistance in drafting promissory notes is requi=ed. Below are the transactions for the notes needed: I. =AO =C2 On October 2, 2014, LDB 2011 LLC sold various public stocks [schedule=below] to Leon Black, consideration for which will be in the form of a not= from Leon. For valuation purposes, closing prices on October 2 were used. To be consistent with prior practice,=and unless you disagree, I suggest using the IRS provided Applicable Feder=l Rate ("AFR") for October for a short-term period (3 year=). II. =AO =C2 A note was never created on April 28, 2014 with respect to a $10,400,=00 borrowing by Black Family Partners LP from Leon Black. At the tim=, it was decided by JEE that the 7520 rate for the month, 2.20%, would be used rather than the AFR for a mid-term period. =AO I suggest using the farthest range in the mid-term range which is 9 yea=s unless you feel otherwise. Let me know if you require any other information. =AO Thank you in advance for your help. please no=e 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 JEE 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 <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01649428 EFTA02515177 =C2 please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevaca=ion@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 4 EFTA_R1_01649429 EFTA02515178