Epstein Secrets

or the GRATs to distribute out these interests to Leon as part of the ann=ity payments and (iii) for Leon to contribute these interests into the new=Narrows. Ada Clapp Elysium Management LLC=/u> Email: <mailto This communication and=any attachment is for the intended recipient(s) only and may contain

m do you see any mention of sales taxx On Wed, Sep 10, 2014 at 4:2= PM, Ada Clapp < <mailto » wrote: I have only this from 201= which shows that Narrows was to contribute only fine art. Thi= is really a follow up to the question: does Leon need to contribute assets other than art to the new Narrows?

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-=pollo related investments and to distribute out interests in this LLC to its partners (including Leon and the

From: "Ada Clapp" To: "'Jeffrey Epstein" <jeevacation(ii2gmail.com>, "Richard Joslin" Cc: "Eileen Alexanderson" ‹ > Subject: Memo re Narrows I Date: Thu, 09 Jan 2014 16:53:56 +0000 Attachments: Memo re Narrowsi.pdf Hi Jeffrey and Rich I reviewed the documents we have in our files regar

files regarding Narrows Holdings and put together the attached as background for you and Rich Hope you find it helpful. Best regards, Ada Clapp Black Family Partners New York, New York 10022 Direct Dial: Fax: Email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice con

13 Markstone Cap Ptrs .212 Annuity payable (140m11 E) Note due from LDS $42mi1 Residual Inv Corp l&II ProQuest Investments .131 Note due from Narrows $25mi1 Pegasus Partners LP Blue Sunshine Note due from PLB LLC $3.2mil Multiple Theatre related LLCs AP Energy Partners Cony note-Rgenix $100k

2011 LLC 14,000,000 5,734,800 19,734,800 6.401,400 8.0017 L Black 73,857,123 30,000,000 100.000 119,896,167 Current 4/14 Dist to LPs. Black Family Partners $76mi1 ($72mi1) Cash portion 25-Apr 4/15 tax pay 4/24 Annuity Loan repay (56,000,000) 228,892 25,429,900 4,237,100 5,770,079 19,734,800

dings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as sole Member of Narrows II, executed a Resolution by Consent of the Manager agreeing to the contribution of The Scream by

under Delaware law. Narrows II is managed by the Manger. Leon is the Manager. Leon is also the sole Member. The principal office for Narrows II is Black Family Partners, ■. c/o Apollo Management, 9 West 57th Street, New York, New York, 10019. The original intention was to have Narrows II owned by Narrows Holdings L

dings LLC ("Narrows I"), but Ralph felt that Leon would have more flexibility if the entities remained separate. III. July 2012 Addition of Art to Narrows On July 30, 2012, Leon, as sole Member of Narrows II, executed a Resolution by Consent of the Manager agreeing to the contribution of The Scream by

under Delaware law. Narrows II is managed by the Manger. Leon is the Manager. Leon is also the sole Member. The principal office for Narrows II is Black Family Partners, ■. c/o Apollo Management, 9 West 57th Street, New York, New York, 10019. The original intention was to have Narrows II owned by Narrows Holdings L

n of sales taxx EFTA_R1_01411101 EFTA02388678 On Wed, Sep 10, 2014 at 4:20 PM, Ada Clapp < > wrote: 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?

e 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 G

13 Markstone Cap Ptrs .212 Annuity payable (140m11 E) Note due from LDS $42mi1 Residual Inv Corp l&II ProQuest Investments .131 Note due from Narrows $25mi1 Pegasus Partners LP Blue Sunshine Note due from PLB LLC $3.2mil Multiple Theatre related LLCs AP Energy Partners Cony note-Rgenix $100k

2011 LLC 14,000,000 5,734,800 19,734,800 6.401,400 8.0017 L Black 73,857,123 30,000,000 100.000 119,896,167 Current 4/14 Dist to LPs. Black Family Partners $76mi1 ($72mi1) Cash portion 25-Apr 4/15 tax pay 4/24 Annuity Loan repay (56,000,000) 228,892 25,429,900 4,237,100 5,770,079 19,734,800

l SustainableWoodlands $18.8mil HAO Capital Fund LP $3.5mil Northgate Hldgs $151k Rally Labs $ 200k Note duo from LDS $224mi1 Note due from Narrows $25mi1 Note due from PLB LLC $3.2mil Note due from 1997 Trust $52mi1 Cony note•Rgenix 5100k Cony note-ESWW $2.9mil Total Value $2.95b11 Apol

ASSET SUMMARY 813011r Leon & Debra Black LDB 2011 LLC 1997 Black Family Trust 2006 Trust 2012 Trusts: Black Family Partners 80% interest in BFP $ 2.36bil An $1.68bil Bronzes.boolcs,collectibles$361mil HH Personal Property $39mil Cash at USTrust: $5 mil Cesh&Mkt Se

. 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?

e 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 G

could obtain an ordinary de=uction There was also discussion that a portion could be made fr=m an Art Entity (I assume Narrows Holdings LLC). Since Narrows did n=t have cash it could receive money as a loan from BFP or LDB 2014. Dlugash thought a portion could be added to basis at the Art Entity Leve=.

at 8:55 PM, Richard Kahn < > wrote: Dlugash, Joslin and I spoke about cash balances and ideas on=where to pay fees 15,000,000- 20,0=0,000 to STC Black Family Partners (BFP) =as the preferred entity as it has many investments other than BRH Holdings= Dlugash said at BFP level he thought we could obtain an ordinary