From: Jeffrey Epstein <[email protected]>

From: Jeffrey Epstein <[email protected]> To: Melanie Spinella Subject: Fwd: yacht Date: Fri, 12 Apr 2013 20:45:12 +0000 9 Forwarded message From: Eileen Alexanderson Date: Fri, Apr 12, 2013 at 4:33 PM Subject: yacht To: "Jeffrey Epstein ([email protected])" <jeevacation®gmail.com> Just heard from the Captain of the Starfire that the boat will be in the dockyard for the next month. One of the things they are doing there is a Lloyd's 5 year survey. I am thinking maybe we'd like an updated value?? Boat was valued at $25mi1 in Sept 2011. At time of purchase Leon drew down the line of credit we usually use for art because we needed a quick turnaround and a survey hadn't been done in a while. So we have no debt on the boat. We had talked about doing a takeout financing. When explored, the bank had been willing to do the financing for 70% of the value in a 5 yr loan with 20 yr amortization schedule at libor + 1.75%. A swap to lock in the rate would have cost another 1- 1.25bps, I haven't checked rates lately. Just mentioning this in case we want to consider as we rearrange our credit. At the very least, for liability protection purposes I believe we should put a loan in place between the Cayman co that owns the boat and Leon. I could never get him to bite on this but just seems logical to do this. Eileen Alexanderson Black Family Partners. MI do Apollo Management W 57th Street New York NY 10019 phone: email: 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 *#*######################################################## EFTA00959209 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 Jeffrey Epstein 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 EFTA00959210