From: Eileen Alexanderson

From: Eileen Alexanderson To: 'Jeffrey Epstein' <[email protected]> Subject: Phaidon org structure Date: Wed, 10 Jul 2013 04:15:57 +0000 Attachments: img-709185617-0001.pdf New Phaidon Global LLC would buy Phaidon Press Inc. Okun said LLC is preferable to having an LLC (transparent vehicle) rather than a Corporate entity on top with PP UK and US side by side. UK entity would pay taxes in UK. US Entity would pay taxes in US. Yet TBD whether Regan Media LLC interests would be owned by Phaidon Press Inc or Phaidon Global- checking on this. Consolidated financials would be prepared for Phaidon Global LLC. Phaidon UK and Phaidon US would be joint borrowers (as the entities with the IP rights) with PPL borrowing in GBP, PPI borrowing in $. Phaidon Global would be guarantor. Original Message From: NY_730_11_XRX_COPYROOM [mailto: Sent: Tuesday, July 09, 2013 6:56 PM 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: 2 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/ 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 1 EFTA00689610