Epstein Secrets

purchases from Leon 25% of the stock of AIF IV, valued using CSV of the policies ($24,752,474*) less the Note payable ($7,347,076 plus interest) to Black Family Partners, L.P. ("BFP") and applying a fractional interest discount (e.g. 30%). No value is attributed to AIF IV's limited partner interest in BFP. BEB 2011

SPLIT-DOLLAR PROPOSAL of McDermott Will & Emery LLP November 18, 2013 EFTA_R1_01945046 EFTA02672197 Step One: Distribution of BFP Interests (or a cash Loan) to 2011 Trusts The APO1 Trust distribu

purchases from Leon 25% of the stock of AIF IV, valued using CSV of the policies ($24,752,474*) less the Note payable ($7,347,076 plus interest) to Black Family Partners, L.P. ("BFP") and applying a fractional interest discount (e.g. 30%). No value is attributed to AIF IV's limited partner interest in BFP. BEB 2011

SPLIT-DOLLAR PROPOSAL of McDermott Will & Emery LLP November 18, 2013 EFTA00583244 Step One: Distribution of BFP Interests (or a cash Loan) to 2011 Trusts The APO1 Trust distributes (decants) suff

ed tax consequences of certain of its provisions. I. The Black Family 1997 Trust A. Trust Fund The Black Family 1997 Trust holds an interest in Black Family Partners and a significant amount of other investments. On December 28, 2009, you divided the Black Family 1997 Trust into two shares, one of which continue

a GST tax. Under current law, the GST exemption is $5.12 million. The GST tax is further discussed in II.B, below. U.S. practice conducted through McDermott Will & Emery LLP. 35983468-3.088835.0011 Dhl US EFTA00585838 C. Dispositive Provisions 1. Distributions The trust agreement provides that the trustees of the