<table><tr><th>From:</th><th>Eileen Alexanderson &lt;</th></tr><tr><td>Sent:</td><td>Thursday, April 11, 2013 9:17 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein (jeevacation@gmail.com)</td></tr><tr><td>Subject:</td><td>TRA</td></tr></table>

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Of $12.5 mil TRA payment, $5.6mi1 is ordinary income and balance is L/T cap gains.

The BRH Gross Up is not subject tax -the income was alre=dy reflected on the AP Professional K-1.

Eileen Alexanderson<=ont color=navy>
Black Family Partners, L.P.
c/o Apollo Management
email:  <BLOCKED::mailto:>

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