EFTA02677788

From: Ada Clapp Sent: Friday, November 15, 2013 4:09 PM To: Jeffrey Epstein Subject: Fwd: Split-dollar Proposal Attachments: 11.14.13 Split-Dollar Proposal.pptx; Untitled attachment 00418.htm Begin forwarded message: From: =/b>Ada Clapp •I lt =/div> Subject: Split-dollar =roposal Date: =/b>November 15, 2013 at =1:08:08 AM EST To: =/b>"Carlyn S. =cCaffre " < "El se G. =irschner" </=iv> Cc: Eileen Alexanderson , Richard Joslin ar> Good morning Carlyn =nd Elyse, I enjoyed our call yesterday. Please =ee the attached power point to confirm that it accurately illustrates =he plan we discussed yesterday. One item =e did not discuss is the non-economic limited partnership interest in =lack Family Partners, L.P. owned by AIF IV. This interest has, =ince 2007, been deemed to have no value and accordingly, AIF IV has no =haring ratio in BFP. I am happy to give you background by phone =f you wish. Also, I added a preliminary step to the =Ian as the 2011 Trusts would otherwise have no assets with which to =cquire AIF IV. Your thoughts and comments are greatly =ppreciated. Ada =lapp Black Family Partners c/o Apollo Management 9 W 57th =treet New York NY 10019 phone: email: IRS Circular 230 =isclosure: Pursuant to IRS regulations, I inform you that =ny tax advice contained in this communication (including attachments) =s not intended or written to be used, and cannot be used by any person =r entity for the purpose of (i) avoiding tax related penalties imposed =y any governmental tax authority, or (ii) promoting, marketing or =ecommending to another EFTA_R1_01973550 EFTA02677788 party any transaction or matter discussed =erein. I advise you to consult with an independent tax advisor on your =articular tax circumstances. This communication, and any attachment, is for =he intended recipient(s) only and may contain information that is =rivileged, confidential and/or proprietary If you are not the =ntended recipient, you are hereby notified that further dissemination =f this communication and its attachments is prohibited. Please =elete all copies of this communication and its attachments and =otify me immediately that you have received them in =rror. = 2 EFTA_R1_01973551 EFTA02677789