EFTA02570033.pdf

From: Jeffrey Epstein <[email protected]> Sent: Monday, May 27, 2013 12:59 PM To: Fenn, Patrick Subject: Re: Fw: Fw: FW: Early Termination Calculation yes On Mon, May 27, 2013 at 8:56 AM, Fenn, Patrick > wrote: Thought I had forwarded this last week. Apologies. I'll put some though=s down re candidate solutions. Let me do that while I'm in Europe and =e can speak later in the week. That ok? From Sent: Monday, May 20, 2013 08:26 PM To: Fenn, Patrick Cc: >< <mailto >> Subject: Re: Fw: FW: Early Termination Calculation Hi Patrick, Attached are models at the requested $30 and $35 =er share value. Thanks, Brian Brian Knudson I Partner I National Tax - Partnership and Joint Ventures<=font> Ernst & Young LLP=/font> 20O South Sixth Streer, Suite 1400, Minneapolis, Minnesota 55402, United States of America Website: www.ey.com Assistant: Lenora Wol= I Phone > wrot=: EFTA_R1_01737649 EFTA02570033 Jeffrey, Calculation from Brian Knudson =t E&Y. Note that this relates only to the unexchanged units, and d=es not include the existing TRA payments. Regards Hi Patrick, Attached is the calculation that we put together for Leon. As we discussed,this only calculates the estimated early termination payment with respect =o the APP units held by Leon - it does not yet calculate the estimated ear=y termination payment with respect to remaining TRA benefits related to the 2007 exchange. I have added an as=umptions tab to the workbook outlining many of the items that we discussed= Thanks, Brian Brian Knudson I Partner I National Tax - Partnership and Joint Ventures<=font> Ernst & Young LLP=/font> 200 South Sixth Stree=, Suite 1400, Minneapolis, Minnesota 55402, United States of America > =font size="3"> Website: www.ev.com Thank you for conside=ing the environmental impact of printing emails. Any U.S. tax advice contained in the body of this e-mail was not intended o= written to be used, and cannot be used, by the recipient for the purpose =f avoiding penalties that may be imposed under the=Internal Revenue Code or applicable state or local tax law provisions.=/font> 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 Ernst & Young Online and the =u>ey.com website, which track e-mail p=eferences through a separate process) at this e-mail address by forwarding this message to [email protected]. If you do s=, the sender of this message will be notified promptly. Our principal postal address is 5 Times Square,=New York, NY 10036. Thank you. Ernst & Young LLP IRS Circular 230 Notice Requirement: This communication is not given in the=form of a covered opinion, within the meaning of Circular 230 issued by th= United States Secretary of the Treasury. Thus, we are required to inform =ou that 2 EFTA_R1_01737650 EFTA02570034 you cannot rely upon any tax advice contained in this communication for the purpose of avoiding Uni=ed States federal tax penalties. In addition, any tax advice contained in =his communication may not be used to promote, market or recommend a transa=tion to another party. The information contained in this e-mail message is intended only for the p=rsonal and confidential use of the recipient(s) named above. If you have r=ceived this communication in error, please notify us immediately by e-mail= and delete the original message. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected]=m <mailto:[email protected]=> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved IRS Circular 230 Notice Requirement: This communication is not given in the=form of a covered opinion, within the meaning of Circular 230 issued by th= United States Secretary of the Treasury. Thus, we are required to inform =ou that you cannot rely upon any tax advice contained in this communication for the purpose of avoiding Uni=ed States federal tax penalties. In addition, any tax advice contained in =his communication may not be used to promote, market or recommend a transa=tion to another party. The information contained in this e-mail message is intended only for the p=rsonal and confidential use of the recipient(s) named above. If you have r=ceived this communication in error, please notify us immediately by e-mail= and delete the original message. Any U.S. tax advice contained in the body of this e=mail was not intended or written to be used, and cannot be used, by the re=ipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue =ode or applicable state or local tax law provisions. The information contained in this message may be privileged and confidentia= and protected from disclosure. If the reader of this message is not the i=tended recipient, or an employee or agent responsible for delivering this =essage to the intended recipient, you are hereby notified that any dissemination, distribution or copying of=this communication is strictly prohibited. If you have received this commu=ication in error, please notify us immediately by replying to the message =nd deleting it from your computer. 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 LIP (except for Ernst & Young Online and the ey.com website, which track e-mail prefe=ences through a separate process) at this e-mail address by forwarding thi= message to [email protected] <mailto:[email protected]> . If you do so, the sender of this message will be notifi=d promptly. Our principal postal address is 5 Times Square, New York, NY 100=6. Thank you. Ernst & Young LLP IRS Circular 230 Notice Requirement: This communication is not given in the=form of a covered opinion, within the meaning of Circular 230 issued by th= United States Secretary of the Treasury. Thus, we are required to inform =ou that 3 EFTA_R1_01737651 EFTA02570035 you cannot rely upon any tax advice contained in this communicatio= for the purpose of avoiding United States federal tax penalties. In addit=on, any tax advice contained in this communication may not be used to prom=te, market or recommend a transaction to another party. The information contained in this e-mail message is intended only for the p=rsonal and confidential use of the recipient(s) named above. If you have r=ceived this communication in error, please notify us immediately by e-mail= and delete the original message. The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 4 EFTA_R1_01737652 EFTA02570036