From: Jeffrey Epstein <jeevacation®gmail.com>

From: Jeffrey Epstein <jeevacation®gmail.com> To: Eileen Alexanderson Subject: Re: FW: AIV IV Management, Inc. Date: Fri, 26 Apr 2013 20:31:05 +0000 please have someone tell me the rational for making it a limited partner of bfp.. On Fri, Apr 26, 2013 at 1:37 PM, Eileen Alexanderson > wrote: AIF IV Mgmt Inc had no right to distributions from Apollo Mgmt IV,LP. We are checking to be sure, as GP, it had not made a capital contribution or had a capital account in Apollo Management IV, LLP. Leon had the economic interest in Apollo Mgmt IV and at his discretion could allocate part of the distributions he received from Apollo Mgmt IV to AIF IV Mgmt Inc for the purpose of paying his split dollar life insurance policy premium. We have confirmed via bank statements, he allocated the amount just large enough to cover the premium payments and other estimated tax payments for AIF IV Mgmt Inc. From: Ada Clapp [mailto Sent: Friday, April 26, 2013 1:12 PM To: Jeffrey Epstein; Eileen Alexanderson Subject: AN IV Management, Inc. Hi Jeffrey and Eileen, Attached is a timeline and overview I put together to map out the steps relating to AIF IV Management, Inc.'s contribution to Black Family Partners. Best regards, Ada Clapp Black Family Partners do Apollo Management 9 W 57th Street New York NY 10019 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 EFTA00959853 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. 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 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 jeevacationqigmail.corn and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00959854