From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Melanie Spinella la> Subject: Fwd: LBF Holdings LLC Date: Tue, 05 Jan 2016 15:21:06 +0000 Forwarded message From: Ada Clapp <1 Date: Tue, Jan 5, 2016 at 9:22 AM Subject: LBF Holdings LLC To: Jeffrey Epstein <*eevacation a mail.com> Cc: Brad Wechsler , Joe Avantario , "Halperin, Alan S" Good morning Jeffrey, In order to dissolve LBF, we must first transfer all of its assets either to (i) BFP (with respect to those incorrectly titled) or (ii) the APO-01 Trust. My understanding is that the only assets owned by LBF to be transferred to the APO-01 Trust would be Apollo Credit Opp. Fund and Apollo Investment Corp. I suggest that we have the Trustees of the APO-01 Trust sign a routing document indicating that these two investments should be contributed to the LDB 2011 LLC so that title need only be changed one time (from LBF to the LDB 2011 LLC). Do you agree with this approach? Thank you. Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: Email: EFTA00837135 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. Thank you. please note 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 JEE 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 EFTA00837136