EFTA01926024.pdf

To: Richard Joslin[ From: Jeffrey E. Sent Wed 5/21/2014 9:07:46 PM Subject: Re: Schedule B ok On Tue, May 20, 2014 at 4:51 PM, Richard Joslin wrote: Attached and pasted below is the pasted verbiage NOTE THAT AS PART OF RECENT ESTATE PLANNING, LEON D. BLACK ENTERED INTO VARIOUS TRANSACTIONS WITH FAMILY TRUSTS AND GRANTOR RETAINED ANNUITY TRUSTS. THESE TRANSACTIONS GIVE RISE TO RECEIVABLES AND PAYABLES BY LEON D. BLACK TO FAMILY GRANTOR TRUSTS FOR WHICH LEON D. BLACK IS GRANTOR FOR INCOME TAX PURPOSES. THESE INTRA-FAMILY TRANSACTIONS ARE ZERO SUM TRANSACTIONS AS ANY RECEIVABLE IS EQUAL TO A PAYABLE. FOR REPORTING PURPOSES, THESE TRANSACTIONS ARE NETTED. please note 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 JEE 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] and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00372117 EFTA01926024