<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, May 18, 2016 9:12 AM</td></tr><tr><td>To:</td><td>Jeff Brodsky; Lesley Groff</td></tr><tr><td>Subject:</td><td>Re: Proposal for Family Office Review for Leon Black</td></tr></table>

nothing urgent fri 10 30 am/ =umber?

On Wed, May 18, 2016 at 12:43 AM, Jeff Brodsky <████████████████████████████> > wrote:

Jeff,

I'm traveling and=in client meetings Weds and Thurs. Therefore, Friday would be better. I =80 m available Friday 10:30-11:30am edt, 1-2:30pm edt and 4-6pm edt. If it's important for us to talk before Friday, I can talk on Thur=day 10:30-11:30am edt or 4:30-5:30pm edt, although I'll be driving=during those times.

Best regards, Jeff

Jef= Brodsky I Private Client Services

<=>

Ernst &=mp; Young LLP

From: jeffrey =. (mailto:jeeva=ation@gmail.com <mailto:jeevacation@gmail.com> I Sent: Tuesday, May 17, 2016 8:07 PM To: Jeff Brodsky Subject: Re: Proposal for Family Office Review for Leon Black=u>

Speak tomorw?

On Tuesday, 17 May 2016, Jeff Brodsky < > wrote:

Jeff,

Any thoughts or questions regarding our proposal?

Best regards, Jeff

From: Jeff Brodsky Sent: Thursday, May 12, 2016 1:02:13 AM To: jeffrey E. Cc: Bobby A Stover; Jon Carroll; Charlie.' Carr; Alan Greenwell Subject: Proposal for Family Office Review for Leon Black =/u>

Jeff,

As we discussed, EY has a defined approach to help a=family office review and improve its operations. After discussing wi=h my team the information you shared with me, I'm attaching the following items which describe our recommended approach:=/p>

1. <=span>A sample Statement of Work for doing a diagnostic review of a family =ffice. This would be coupled with an Engagement Agreement between EY and L=on's family office. Based on our initial discussions, we believe the Phase I review would cost between $150,000 to $200,000 and would inclu=e our team of 4 professionals being on site reviewing the family office sy=tems, processes, etc. and conducting interviews over a period of 4 to 5 da=s, several follow-up phone calls, and a final meeting to present the findings and initial recommendations of=our report. Once we are able to gain a better understanding of the f=mily office we can provide a detailed work plan and timeline.

2. <=span>Family Office Business Requirements Document and Sample Diagnostic Re=ort. The outcome of our review will be a Diagnostic Report. Attached=is a sample report that we use to describe the process to clients, althoug= the actual report is more detailed with findings and recommendations. =AO We use the report to help outline a Business Requirements document (see=attached BRD Table of Contents) which defines the key performance indicato=s

that drive the type of reporting that is to be developed for the key stakeholders and management of the family o=fice. Each report is highly customized to each family office based o= its needs and key performance indicators.

Please review the attached and let me know if you ha=e any questions. It might be helpful to schedule a call with myself and ot=er team members to provide additional insight regarding our approach.

We are excited by this opportunity and look forward =o hearing back from you.

Best regards, Jeff

<=u>

Jef= Brodsky I Private Client Services

<=span>

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Preliminary tax advice should not be re=ied upon and may be insufficient for penalty protection.
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Preliminary tax advice should not be re=ied upon and may be insufficient for penalty protection.
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Notice required by law: This e-mail may constitute an advertisement or soli=itation under U.S. law, if its primary purpose is to advertise or promote = commercial product or service. You may choose not to receive advertising =nd promotional messages from Ernst & Young LLP (except for EY Client Portal and the ey.com <http://ey.=om> website, no-more-mail@=y.com which track e-mail preferences <mailto:no-more-mail@ey.com> t=rough a separate process) . If you at do this so, e-mail the sender address of this by forwarding message will this be messag= notified to promptly. Our principal postal address is 5 Times Square, New York, NY 100=6. Thank you. Ernst & Young LLP

please =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved

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