From:

Ada Clapp

<table><tr><th></th><th>Ada Clapp</th></tr><tr><td>Sent:</td><td>Tuesday, December 3, 2013 7:14 PM</td></tr><tr><td>To:</td><td>Melanie Spinella</td></tr><tr><td>Cc:</td><td>Eileen Alexanderson; Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

Hi =elanie,

Leon could do either but we recommend that =e do the other half tomorrow. We think this is best =ecause Black Family Partners has not yet made distributions of the =ividend it received to its partners. It is doing that today. =nbsp;Therefore, it is cleaner if Leon assigns his interests in Black =amily Partners tomorrow, so that there is no question as to who was =ntitled to today's distribution.

If =eon agrees, I will send over the new documents for his signature in the =orning. Please let me know if you need them =ooner.

Best =egards,

New <u>York NY 10019</u>
phone: 9

IRS Circular 230 =isclosure:

Pursuant to IRS =egulations, I inform you that any tax advice contained in this =ommunication (including attachments) is not intended or written to be =sed, and cannot be used by any person or entity for the purpose of (i) =voiding tax related penalties imposed by any governmental tax =uthority, or (ii) promoting, marketing or recommending to another party =ny transaction or matter discussed herein. I advise you to consult with =n independent tax advisor on your particular tax =ircumstances.

This communication, =nd any attachment, is for the intended recipient(s) only and may =ontain information that is privileged, confidential and/or proprietary =nbsp;lf you are not the intended recipient, you are hereby notified =hat further dissemination of this communication and its attachments is =rohibited. Please delete all copies of this communication and its =nbsp;attachments and notify me immediately that you have received them =n error.

On Dec 3, 2013, at 1:05 PM, Melanie Spinella <Spinella@ApolloLP.com> =rote:

=

Leon said now that we received the dividend do we =ant to GRAT the other half today or tomorrow?

Melanie Spinella | Apollo Management
9West 57th Street, New York, New =ork 10019

* (212) 515 3320 (Lan) | *:Spinella@apollofp.com Executive Assistant to Leon D. Black

**** ***** *** *** ***** ********** **** ** *** ***********
*** ******** ****** *** *** ****** ** ****** ** **** **** ***
********* *** *** ****** ************** ****** **********
********* *** ******* ***************** ************* **
***** *** *** ** ****** ** *** ****** ** ******* **** ****
*********** ** ******* ** ******* ***** **** *** *******
********* ** ********** ** *** **** ******* **** **** **
***** ****** ******* *** ****** *** ****** *** ******* ****
*** ********

****** ******* ************** :(:(*