EFTA02678106.pdf

From: Ada Clapp < Sent: Monday, November 4, 2013 5:30 PM To: Eileen Alexanderson; Richard Joslin; Jeffrey Epstein Subject: December 2011 Split Dollar Proposal Attachments: Leon Black Split Dollar Insurance Memo (Revised December 2011_ New) (2).doc; Untitled attachment 00913.htm So =hat you all have it handy, attached is the last split-dollar proposal =hat was discussed. To update the numbers since =011: Individual Life =olicies: Annual premiums are =863,609. 2012 compensation/gift was =84,964. Split Dollar Advance (9/30/13) is =10,461,330 Cash surrender value (9/30/13) is =8,021,868 Second-to-die =olicies. Annual premiums are =973,161. 2012 compensation/gift was =19,168. Split Dollar Advance (9/30/13) is =12,495,285 Cash surrender value (9/30/13) is =16,730,604. Ada Clapp Black Family =artners c/o Apollo Management 9 W 57th Street New =ork NY 10019 phone: email: IRS Circular 230 =isclosure: Pursuant to IRS regulations, I inform you =hat any tax advice contained in this communication (including =ttachments) is not intended or written to be used, and cannot be used =y any person or entity for the purpose of (i) avoiding tax related =enalties imposed by any governmental tax authority, or (ii) promoting, =arketing or recommending to another party any transaction or matter =iscussed herein. I advise you to consult with an independent tax =dvisor on your particular tax circumstances. EFTA_R1_01974997 EFTA02678106 This =ommunication, and any attachment, is for the intended recipient(s) only =nd may contain information that is privileged, confidential and/or =roprietary If you are not the intended recipient, you are hereby =otified that further dissemination of this communication and its =ttachments is prohibited. Please delete all copies of this =ommunication and its attachments and notify me immediately that =ou have received them in error. = 2 EFTA_R1_01974998 EFTA02678107