EFTA Document EFTA01875935

To: Eileen Alexanderson From: Jeffrey Epstein Sent Fri 7/20/2012 2:14:03 AM Subject: Re: GRATs who signed the documents, transfering assets of the grats.? how was the calculation for the exchange of interest made, by whom, was anything else in lbf? On Thu, Jul 19, 2012 at 9:54 PM, Eileen Alexanderson wrote: Jeffrey, I've spent most of the day carefully going through the pertinent trust documents with careful attention to dates. To your question of whether the cash contributed into LBF for the debt financed dividend and to BFP for the strategic sale was included in the valuation work done for the assets contributed into the GRATS the answer is no. However, now having established the timeline below I can see why. The 2006 Judah GRATs A-K were formed December 21, 2006 Leon contributed his ownership of an Apollo entity into each GRAT per assignment and assumption agreements dated that same day. (see list on attached Annex A) The Black 2006 Family Trust was also created 12/21/06 LBF Holdings was formed with GRATs A-J as its members on 4/11/07 but not funded. GRATs A-J transferred their assets into LBF Holdings on 4/19/07 in exchange for interests in LBF Holdings. Deposit of $431,696,805 from debt financed dividend into LBF Holdings Acct 4548 on 4/20/07 2007 Judah GRATs L-O formed June 6, 2007 with Apollo assets contributed in per the assignment documents that day (see attached Annex 2A and 2B) The Black 2007 Family Trust was also formed on June 6, 2007 Black Family Partners was formed May 17, 2007 On that same day, LBF Holdings, Leon, the 1992 Trusts, and GRATs K-O assigned their assets to Black Family Partners On July 13, 2007 the strategic sale proceeds of $460,545,600 were deposited into the LBF #2 money mkt acct 1195832 and then transferred on 7/17/07 to the Investment acct 4902 at US Trust. During 2007 Leon took $230mi1 in loans from LBF Holdings-see attached promissory notes- which were netted from the annuity payment due to him from GRATs A-K on 12/27/07. Total annuity payment due (see Weil schedule attached) was $289,947,419. After subtracting $230mi1 borrowings + $3,700,295 interest due, net to Leon was $56,247,125. This was paid from the LBF Holdings Acct 4548 into Leon's checking acct 3840 at US Trust(scc statement attached). During 2007 $94.9mi1 investments were made-these are labeled on the attached statements. I have the Empire Valuation reports but I am having trouble matching the valuations on the page EFTA_R1_00284951 EFTA01875935 called Ownership Percentages-I know you are looking for this. Will get help on it in the morning. I don't have 2008 which will take us through the termination of the first set of the GRATs-will finish that tomorrow and send it but at least the attached gets you started. Best regards, Eileen ----Original Message From: [mailt Sent: Thursday, July 19, 2012 9:41 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: 37 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 arc 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 EFTA_R1_00284952 EFTA01875936 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 EFTA_R1_00284953 EFTA01875937