From: Ada Clapp

From: Ada Clapp To: Jeffrey Epstein <[email protected]> Cc: Eileen Alexanderson Subject: GRAT and APOI Trust Date: Thu, 24 Oct 2013 13:59:34 +0000 Good morning Jeffrey, When I met with Leon the other day, I understood that he wanted to fund the new GRAT in November (to take advantage of the lower 7520 rate) and also to do it after the ex-dividend date (when there may be a drop in the stock price). I now understand from Alan that there is a possibility that Leon wants to fund the GRAT today. Please let me know if that is the case as we need to let the Trustees know that they have to make their decision on releasing the collateral today and we need to coordinate getting their signatures on that document as well as the APO I Trust. Thanks and best regards, Ada Clapp Black Family Partners c/a Apollo Management 9 W 57th Street New Y 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. EFTA00670260