From: Richard Joslin

From: Richard Joslin To: "Barry J. Cohen" < Illa> CC: Eileen Alexanderson Clapp Jeffre E stein <*eevacation®gmail.com>, art , Melanie Spinella Subject: RE: Art inventory Date: Tue, 22 Apr 2014 01:09:13 +0000 Attachments: BLACK FAMILY 1997 TR JAPO_2LART INVENTORY_APRIL 2014.pdf; BLACK:FAMILY:2006:TR JAPOJLART:INVENTORY_APRIL:2014.pdf Mr Cohen: Attached is the current art portfolio for the APO 1 and APO 2 entities. While the vast majority of the items have been checked and verified, we nevertheless are continuing to review records from various sources to ensure we have precise cost, description, etc. for all items, particularly items acquired many years ago. Fair value is based on an appraisal performed by Sotheby's in June 2013. Please let me know if you have any questions. Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1901 New York, NY 10022 (w) (c) ----Original Message From: Ada Clapp Sent: Monday, April 14, 2014 12:09 PM To: Barry J. Cohen; Richard Joslin Cc: Eileen Alexanderson Subject: Re: Art inventory Hi Barry, I am forwarding your email to Rich Joslin of our office. He is the individual who is updating the art inventory and who can give you his timing. Best regards, Sent from my iPad EFTA00988543 > On Apr 14, 2014, at 11:47 AM, "Barry J. Cohen" < IMMI=> wrote: > Jeff E thought the inventory would be done in April. Is it finished? I view this as an important step for the trusts to formulate an art acquisition policy. > 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 EFTA00988544