📄 Extracted Text (477 words)
From: Ada Clapp <
Sent: Wednesday, September 10, 2014 8:20 PM
To: Jeffrey E.
Subject: RE: Weil Gotshal Memorandum
Attachments: 6.29.12 Power Point Art Partnership Proposal.pdf
I have only this from 2012 which shows that Narrows was to contribute only fine art. This is really a follow up to the
question: does Leon need to contribute assets other than art to the new Narrows? I believe he does not. In fact, if we
follow through with the current plan, he will. The plan is for (i) Black Family Partners to create a new LLC to hold its non-
Apollo related investments and to distribute out interests in this LLC to its partners (including Leon and the GRATs), (ii)
for the GRATs to distribute out these interests to Leon as part of the annuity payments and (iii) for Leon to contribute
these interests into the new Narrows.
Ada Clapp
Elysium Management LLC
Email: <mailto
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From: Jeffrey E. [mailto:[email protected])
Sent: Wednesday, September 10, 2014 3:58 PM
To: Ada Clapp
Subject: Re: Weil Gotshal Memorandum
EFTA_R1_02120796
EFTA02710256
As I said not 2012 Way before my time
On Wednesday, September 10, 2014, Ada Clapp c <mailto > wrote:
Hi Jeffrey,
Here is the Weil Gotshal memorandum I mentioned yesterday (it is from 2005!) and a later email from Elyse
illustrating that they were focusing on the sales tax issue.
Ada Clapp
Elysium Management LLC
Email: <javascript:;>
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Original Message
From: [email protected] <javascript:;> [mailto:[email protected] <javascript:;> J
Sent: Wednesday, September 10, 2014 3:32 PM
To: Ada Clapp
Subject:
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