EFTA01761121

From: Fenn, Patrick > Sent: Monday, May 20, 2013 1:08 PM To: [email protected]* Subject: Re: FW: Early Termination Calculation Just Leon. From: Jeffrey Epstein Imailto:[email protected]] Sent: Monday, May 20, 2013 08:00 AM To: Fenn, Patrick Subject: Re: FW: Early Termination Calculation is this leons piece or total to holders. it says both On Mon, May 20, 2013 at 7:46 AM, Fenn, Patrick < > wrote: Jeffrey, Calculation from Brian Knudson at E&Y. Note that this relates only to the unexchanged units, and does not include the existing TRA payments. Regards Hi Patrick, Attached is the calculation that we put together for Leon. As we discussed, this only calculates the estimated early termination payment with respect to the APP units held by Leon - it does not yet calculate the estimated early termination payment with respect to remaining TRA benefits related to the 2007 exchange. I have added an assumptions tab to the workbook outlining many of the items that we discussed. Thanks, Brian EFTA_R1_00065735 EFTA01761121 Brian Knudson I Partner I National Tax - Partnership and Joint Ventures Ernst & Young LLP 200 South Sixth Street, Suite 1400, Minneapolis, Minnesota 55402, United States of America Office: I Mobile: Website: www.ey.com <http://www.ey.com> Assistant: Lenora Wold I Phone: Thank you for considering the environmental impact of printing emails. Any U.S. tax advice contained in the body of this e-mail was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. The information contained in this message may be privileged and confidential and protected from disclosure. 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If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. 2 EFTA_R1_00065736 EFTA01761122 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved IRS Circular 230 Notice Requirement: This communication is not given in the form of a covered opinion, within the meaning of Circular 230 issued by the United States Secretary of the Treasury. Thus, we are required to inform you that you cannot rely upon any tax advice contained in this communication for the purpose of avoiding United States federal tax penalties. In addition, any tax advice contained in this communication may not be used to promote, market or recommend a transaction to another party. The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. 3 EFTA_R1_00065737 EFTA01761123