<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Friday, February 19, 2016 11:05 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>RE: Empire report</td></tr></table>

One point of reference= Empire has been hired by various other Apollo executives and Founde=s. In past when I have questioned them the Empire team for the Black'=s/ Apollo have brought their senior people to weigh their assumptions and conclusions and updated information. My =nderstanding is that they use the same methodology for all Founders for wh=m they provide valuations

From: Richard Joslin
Sent: Friday, February 19, 2016 5:51PM
To: 'Jeffrey Epstein' <u><'eevacation@</u> <u>mail.com></u>
Cc: Brad Wechsler
Subject: Empire re

This is draft report &=8211; has not been reviewed nor are amounts final.