Epstein Secrets

IN ESTATE FREEZE ENTITIES November 2007 350 Fifth Avenue, Suite 5513, New York, NY 10118 Phone: 212.714.0122 777 Canal View Boulevard, Suite 200, Rochester, NY 14623 Phone: 585.475.9260 61 South Main Street, Suite 201, West Hartford, CT 06107 Phone: 860.233.6552 EFTA00617244 The purpose of a Freeze

York, NY 10118 Phone: 212.714.0122 777 Canal View Boulevard, Suite 200, Rochester, NY 14623 Phone: 585.475.9260 61 South Main Street, Suite 201, West Hartford, CT 06107 Phone: 860.233.6552 EFTA00617244 The purpose of a Freeze Entity is to lock or "freeze" the rate of appreciation in assets that will be

ess than the low end of the range from the studies. 350 Fifth Avenue, Suite 6115, New York, NY 10118 Tel: (212) 714-0122 empireval.com New York Rochester Boston West Hartford EFTA00619442 PRIVILEGED - ATTORNEY WORK PRODUCT - DRAFT Alan Halperin, Esq. May 10, 2016 Page 2 Empire selected 15% as

d of the range from the studies. 350 Fifth Avenue, Suite 6115, New York, NY 10118 Tel: (212) 714-0122 empireval.com New York Rochester Boston West Hartford EFTA00619442 PRIVILEGED - ATTORNEY WORK PRODUCT - DRAFT Alan Halperin, Esq. May 10, 2016 Page 2 Empire selected 15% as the combined discount (

stributed to a withdrawing partner, are subject to 350 Fifth Avenue. Suite 6115. New York. NY 10118 Tel: (212) 714.0122 empirevaLcom Ncw York • Rochester Boston West Hartford EFTA_R1_02076111 EFTA02702706 PRIVILEGED - ATTORNEY WORK PRODUCT - DRAFT Alan Halperin, Esq. April 27, 2016 Page 2 val

drawing partner, are subject to 350 Fifth Avenue. Suite 6115. New York. NY 10118 Tel: (212) 714.0122 empirevaLcom Ncw York • Rochester Boston West Hartford EFTA_R1_02076111 EFTA02702706 PRIVILEGED - ATTORNEY WORK PRODUCT - DRAFT Alan Halperin, Esq. April 27, 2016 Page 2 valuation by a qualified a

ted partnership interest in Black Family Partners, LP is reasonably stated as $780,000,000 as of December 4, 2013. 777 Canal View Blvd., Suite 200, Rochester, NY 14623 Tel: (585) 475-9260 empireval.com Ncw York • Cleveland • Rochester • West Hartford EFTA_R1_01942572 EFTA02671576 EXHIBIT 0 CA

this engagement. 350 Fifth Avenue, Suite 6115, New York, NY 10118 New York • Rochester Boston • Cleveland Tel: (212) 714-0122 empirevateoin West Hartford EFTA_R1_01942580 EFTA02671584 EXHIBIT D CALCULATION OF NET ASSET VALUE BLACK FAMILY PARTNERS, LP AS OF DECEMBER 3. 2014 SUP POR Tool Exesa