Epstein Secrets

Ada Clapp From: Vanessa Eng < Sent: Monday, December 19, 2016 4:57 PM To: Ada Clapp; Barry J. Cohen Cc: Jessica L. Lomm Subject: RE: APO Documents A

Managing Partners and certain Contributing Partners against all amounts that they pay pursuant to any personal guarantees they have made in favor of Fund IV, Fund V and Fund VI for all interests that our Managing Partners and Contributing Partners have contributed or sold to the Apollo Operating Group.

Leon Black 760 Park Avenue New_York, NY 10021 with a copy to: Elysium Management LLC 445 Park Avenue Suite 1401 New York, NY 10022 Attention: Ada Clapp, Esq. Brad Wechsler, Esq. lf,_to_MR or any member of his Group: Marc Rowan 927 Fifth Avenue Apartment #6 New York, NY 10021 with a copy to: [

hare of a trust's assets if it were then to terminate. No Principal shall ever be a member of the Group of another Principal. "Heritage Fund" means Fund IV and/or Fund V, as applicable. 7 Otion—US4-Hen03.$9.4 Dckt: US1-10770389v1$ EFTA00808231 "Heritage Points" means the nominal number of "points"

PRIVILEGED AND CONFIDENTIAL SULLIVAN & CROMWELL LLP July 12, 2017 Via E-mail MEMORANDUM TO: Ada Clapp Barry J. Cohen Bradley J. Wechsler (Elysium Management LLC) FROM: Charles T. Dowling Elizabeth A. Kubanik RE: Leon Black Estate Planning This

s in AOG units should be 35%. Under the current ownership structure, BFP owns 21% of the profits interests in AOG, 33.9% of the profits interests in Fund IV and 26.2% of the profits interests in Fund V.3 Accordingly, BFP's profits interests in AOG, including the two Heritage Funds, should not exceed the

Leon Black 760 Park Avenue New York, NY 10021 with a copy to: Elysium Management LLC 445 Park Avenue Suite 1401 New York, NY 10022 Attention: Ada Clapp, Esq. Brad Wechsler, Esq. If, to MR or any member of his Group: Marc Rowan 927 Fifth Avenue Apartment #6 New York, NY 10021 with a copy to: [

hare of a trust's assets if it were then to terminate. No Principal shall ever be a member of the Group of another Principal. "Heritage Fund" means Fund IV and/or Fund V, as applicable. "Heritage Points" means the nominal number of "points" with respect to each Heritage Fund contributed by each Princip