Epstein Secrets

mount: $250,000,000.00 Bank: Bank of America, N.A. Banking Center: 101 South Tryon Street, 6th Floor Charlotte, North Carolina 28255 Borrower: Leon D. Black 760 Park Avenue New York, New York 10021 FOR VALUE RECEIVED, the undersigned, Leon D. Black (the "Borrower"), unconditionally promises to pay to

he execution and delivery by the Guarantor to the Bank of a counterpart of an amendment to the Pledge Agreement, (iii) the execution and delivery by Leon Black to the Bank of a Note in the form attached hereto and (iv) the payment by the Borrowers of the fees and expenses of the Bank's counsel in connection

tion: David A. Mandel, Esq. "BOFtROWER": Leon D. Black I. Guaranty. FOR VALUE RECEIVED, and to induce B

as of December 30, 2002. Guarantor: Narrows Holdings LLC By: ..4,.4 ( .d i f Name: Title: nod: NW:370505 _I EFTA_R1_02106639 EFTA02707730 Consolidated, Amended and Restated Promissory Note Date: June 10, 2003 Amended and Restated Date: Amended and Restated Date: Amended and Restated Date: Amend

he Registrant's Registration Statement on Form S-1 (File No. 333-150141)). 10.9 Agreement Among Principals. dated as of July 13. 2007. by and among Leon D. Black. Marc J. Rowan. Joshua J. Harris. Black Family Partners. L.P.. MJR Foundation LLC. AP Professional Holdings. L.P. and BRH Holdings. L.P. (incorporat

s are distributed to the limited partners of Holdings. The general partner of AP Professional Holdings. L.P. is BRH. which is one third owned by Mr. Black• one third owned by Mr. Harris and one third owned by Mr. Rowan. BRH is also the general partner of BRH Holdings. L.P.. the limited partnership throu

007. by and among Apollo Global Management. LLC. AP Professional Holdings. LP.. BRH Holdings. L.P.. Black Family Partners. L.P.. MJR Foundation LLC. Leon D. Black. Marc J. Rowan and Joshua J. Harris (incorporated by reference to Exhibit 10.27 to the Registrant's Registration Statement on Form S-I (File No. 333

le of Contents APOLLO GLOBAL MANAGEMENT, LLC NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (dollars in thousands, except share data) Investments of Consolidated VIEs The following table presents a condensed summary of investments of the consolidated VIEs that arc included in the consolidated statements of fi

007 (the "Reorganization"). The Company is managed and operated by its manager. AGM Management. LLC. which in turn is wholly-owned and controlled by Leon Black. Joshua Harris and Marc Rowan (the "Managing Partners"). As of December 31. 2011. the Company owned. through three intermediate holding companies th

h in turn is wholly-owned and controlled by Leon Black. Joshua Harris and Marc Rowan (the "Managing Part

tement of financial condition is the amount for which we expect to settle the long term debt obligation. Valuation of Financial Instruments held by Consolidated VIEs The consolidated VIEs hold investments that are traded over-the-counter. Investments in securities that am traded on a securities exchange or

ent. Section 3(i) of the Pledge Agreement is hereby amended and restated in its entirety as follows: "(i) All debts, obligations and liabilities of Leon D. Black (the "Borrower") to the Bank now existing or hereafter arising under (A) that certain Amended and Restated Loan Agreement, dated as of June 10, 20

All debts, obligations and liabilities of Leon D. Black (the "Borrower") to the Bank now existing or her

ed from time to time (the "Loan Agreement") (including, without limitation, the "Obligations", as defined in the Loan Agreement); (B) those certain Consolidated, Amended and Restated Promissory Notes in the aggregate principal amount not to exceed $565,000,000.00 executed by the Borrower payable to the ord

and Attribution Methodology The Company uses the Black-Scholes option-pricing model ("Black-Scholes mode

28. 2006 39 Consolidated Statements of Shareholders' Equity for the Years Ended February 3, 2007, January 28, 2006 and January 29, 2005 40 Consolidated Statements of Cash Flows for the Years Ended February 3, 2007, January 28, 2006 and January 29, 2005 41 Notes to Consolidated Financial Stateme

2012 were estimated at the date of grant using a Black-Scholes option pricing model with the following w

ED FINANCIAL STATEMENTS (Continued) Total stock-based compensation expense recognized in the "Selling. general. and administrative" line item of the Consolidated Statements of Operations resulting from stock options, non-vested restricted stock awards, and non-vested restricted stock units was as follows: l'

on the grant-date fair value estimated using the Black-Scholes option pricing model. Stock-based compen

$ (180) $ (41.570 $ 16,348 The accompanying notes are an integral part of these consolidated financial statements. 4 EFTA00293567 AliphCom Consolidated Statements of Cash Flows Years Ended December 31, 2010 and 2009 (in thousands) Cash flows from operating activities 2010 2009 Net loss $ (14,

on the grant-date fair value estimated using the Black-Scholes option pricing model. Stock-based compen

(180) S (27,145) S 19,769 The accompanying notes are an integral part of these consolidated financial statements. 4 EFTA00293536 AliphCom Consolidated Statements of Cash Flows Years Ended December 31, 2009 and 2008 (in thousands) 2009 2008 Cash flows from operating activities Net (loss) income

chwartz. They told him that, given the state of the Company's exposure, JPMorgan's bid for the Company's stock would be low. 288. During the call, Black stated that "[t]tle fact you're at 32 doesn't mean much at this point." Black suggested that a JPMorgan bid might be in the range of $8 to $12 a sha

s Period it only reviewed in detail the filings of the seven most prominent firms, including Bear Stearns, that elected to participate in the SEC's Consolidated Supervised Entity ("CSE") program. The CSE program allowed the SEC to supervise participating broker-dealer holding companies on a consolidated basi