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Mkt Sec at JPM $13mil Rollo Tomasi Trust $5mi1 Apollo Colnvest III $2.0 mil GRAT AnnuityReceivables1.595bil Cash at JP Morgan $14 mil Cash at US Trust $5.7 mil Cash at US Trust $3mi1 Mallory Trust Semi! Apollo Colnvest IV $46k (Note payable due to BFP $42mil) Stocks held at JPM $3 mil Cash
l (Note payable to APO 1 Tr $1.64bi1) Apollo Colnvest VI $42.2 mil (Note payable to LBF $86.6m11) L8F Holdings: Apollo Value Colnvest $7.8 mil Narrows Holdings $1.638bil Investment Partnershios:$26mi (Bal due for OFH Purchase8.3mil) Apollo Investment Corp $ 7m11 SOMA Colnvest $2.8 mil BronzesBooksCollec
t Partnership (the "Partnership") as we discussed, is to be a partnership between Leon (personally) and the four 2011 grantor trusts administered by US Trust (the "Trusts"). The questions you raised dealt with (1) the potential tax effect of the contribution of encumbered works of art to the Partnership
). The questions you raised dealt with (1) the potential tax effect of the contribution of encumbered works of art to the Partnership by Leon (from Narrows Holdings, LLC, a single member LLC owned by Leon) and (2) what happens to the tax basis of the works of art contributed to the Partnership upon Leon's death
Mkt Sec at JPM $13mil Rollo Tomasi Trust $5mi1 Apollo Colnvest III $2.0 mil GRAT AnnuityReceivables1.595bil Cash at JP Morgan $14 mil Cash at US Trust $5.7 mil Cash at US Trust $3mi1 Mallory Trust Semi! Apollo Colnvest IV $46k (Note payable due to BFP $42mil) Stocks held at JPM $3 mil Cash
l (Note payable to APO 1 Tr $1.64bi1) Apollo Colnvest VI $42.2 mil (Note payable to LBF $86.6m11) L8F Holdings: Apollo Value Colnvest $7.8 mil Narrows Holdings $1.638bil Investment Partnershios:$26mi (Bal due for OFH Purchase8.3mil) Apollo Investment Corp $ 7m11 SOMA Colnvest $2.8 mil BronzesBooksCollec
Entities connected to both US Trust and Narrows Holdings

Jeffrey Epstein
PERSONLeon Black
PERSONElysium Management LLC
ORGANIZATIONEileen Alexanderson
PERSON
Richard Joslin
PERSONDebra
PERSONAda Clapp
PERSONBlack Family Partners
ORGANIZATIONPhaidon
ORGANIZATION
Narrows
ORGANIZATIONSOMA Colnvest
ORGANIZATIONMillennium Group
ORGANIZATIONBHM Investors
ORGANIZATIONHAO Capital Fund LP
ORGANIZATIONYggdrasil Trust
ORGANIZATIONApollo Value Colnvest
ORGANIZATIONAP Energy Partners
ORGANIZATION
Barry Diller
PERSONApollo Real Estate Fund LP
ORGANIZATIONiCrete LLC
ORGANIZATION