EFTA02673565

From: Alan S Halperin < Sent: Wednesday, August 14, 2013 9:24 PM To: Eileen Alexanderson Cc: 'Ada Clapp'; 'Jeffrey Epstein': Jessica Soojian Subject: Re: Appropriate discount Attachments: img-814165329-0001.pdf Thanks. I am not surprised. The lock up and block likely would give rise to a significant discount if sold to a third party. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Click Here for More Information <http://www.paulweiss.com/files/tbl_s29Publications/FileUpload5679/5647/230.pdf> Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas I New York, NY 10019-6064 (Direct Phone) I (Direct Fax) <mailto t> I www.paulweiss.com <http://www.paulweiss.com/> From: "Eileen Alexanderson" sc ;• To: Alan S Halperin/PaulWeiss@PaulWeiss, "'Jeffrey Epstein— <[email protected]>, "'Ada Clapp— , Jessica Soojian/PaulWeiss@PAULWEISS Date: 08/14/2013 05:14 PM Subject: Appropriate discount As you will see on the attached, collective discount on Dec 2012 draft report was 33% consisting of 20% discount off then current mkt values + 15% discount for lack of control and marketability. Original Message From: NY_730_11_XRX_COPYROOM (mailto <mailto: Sent: Wednesday, August 14, 2013 4:53 PM >) EFTA_R1_01950876 EFTA02673565 To: Eileen Alexanderson Subject: Scan from a Xerox Color Please open the attached document. It was scanned and sent to you using a Xerox Color. Number of Images: 1 Attachment File Type: PDF Device Name: NY_730_11_XRX_COPYROOM Device Location: For more information on Xerox products and solutions, please visit http://www.xerox.com/ <http://www.xerox.com/> 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 This message is intended only for the use of the Addressee and may contain information that is privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify us immediately. 2 EFTA_R1_01950877 EFTA02673566