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To: [email protected][[email protected]]; Jeffrey [email protected]] From: Ada Clapp Sent: Tue 4/2/2013 5:33:57 PM Subject: Re: Considerations for new Will/Revocable Trust Thanks. Good point on percentages but I am assuming you are looking simply for more descriptive examples as we have no way of knowing the value of Leon's estate (and not all S4bil is subject to commissions) or what will be in the trusts. Is it helpful for me to add to the footnote something like "this would be roughly S80 million on a S4 billion estate"? Once I add that--shall I send to Melanie? Thanks! Ada Clapp Black Family Partners Co Apollo Management 9 W 57th Street New VIM. phone ern3:1 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 purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, 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. On Apr 2, 2013, at 1:19 PM, Jeffrey Epstein <jeevacationOgmail.com> wrote: well done except as a continued discipline please no percentages ever without EFTA_R 1_00487224 EFTA01993530 estmated dollar amounts, is trustee and executor commions 2 % over 5 million, lets assume 4 billion dollars etc. On Tue, Apr 2, 2013 at 12:48 PM, Ada Clapp wrote: Hi Jeffrey, I prepared and attach a memorandum outlining some decisions Leon may need to make in connection with his new estate plan. You likely already covered this ground with Leon but I thought it might be helpful to him to review the memorandum in advance of tomorrow's meeting. If you agree, I will forward it to Melanie. Best regards, Ada Clapp Black Family Partners c'o Apollo Management 9 W 57th Street Nov York NY 10019 phone 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 purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, 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. EFTA_R1_00487225 EFTA01993531 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00487226 EFTA01993532