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review the documents. Best regards, Ada Clapp Black Family Partners do Apollo Management IRS Circul
to rise in the next two weeks so I assume you both prefer to fund in October. Please confirm. If we use the APOI Trust as the decanting vehicle for the 1997 Trust, we can discuss the other issues I raised in my email on Friday after we finish the GRAT(that is, timing for decanting 1997 Trust into APOI Trust,
review the documents. Best regards, Ada Clapp Black Family Partners do Apollo Management 9 W 57th S
to rise in the next two weeks so I assume you both prefer to fund in October. Please confirm. If we use the APOI Trust as the decanting vehicle for the 1997 Trust, we can discuss the other issues I raised in my email on Friday after we finish the GRAT(that is, timing for decanting 1997 Trust into APOI Trust,
eed to speak with the Trustees again. Ada Clapp Black Family Partners osure: Pursuant to IRS regulati
"Alan S Halperin" Subject: Re: 1997 Trust Decanting Date: November 18, 2013 at 11:33:50 AM EST To: "Ada Clapp" You ask good questions. 1. As to the 1997 Trust, we are relying on the EPTL. The statute provides: "The exercise of the power shall be effective thirty days after the date of service of the [decan
can just call it the APO I Agreement. Ada Clapp Black Family Partners c/a Apollo Management 9 W 57th
next two weeks so I assume you both prefer to fund in October. Please confirm. EFTA00676139 If we use the APO1 Trust as the decanting vehicle for the 1997 Trust, we can discuss the other issues I raised in my email on Friday after we finish the GRAT(that is, timing for decanting 1997 Trust into APO I Trust,
pposed to November (with lower rate). Ada Clapp Black Family Partners do Apollo Management 9 W 57th S
to rise in the next two weeks so I assume you both prefer to fund in October. Please confirm. If we use the APOI Trust as the decanting vehicle for the 1997 Trust, we can discuss the other issues I raised in my email on Friday after we finish the GRAT(that is, timing for decanting 1997 Trust into APOI Trust,
books, etc., as its primary business. Ada Clapp Black Family Partners cto Apollo Pianagoment 9 W 571h
e death of the survivor of Leon and Debra (when neither of them is there to take care of her). Leon does not own Phaidon (it is owned indirectly by the 1997 Trust) so it would not pass under his Will or Revocable Trust. I had Paul Weiss define "Art Entity" as an entity formed for the primary business purpose
ustee of the Marital Trust, if any)? Ada Clapp Black Family Partners IRS Circular 230 Disclosure: Pu
o rise in the next two weeks so I assume you both prefer to fund in October. Please confirm. If we use the APO I Trust as the decanting vehicle for the 1997 Trust, we can discuss the other issues I raised in my email on Friday after we finish the GRAT(that is, timing for decanting 1997 Trust into APO' Trust,
Entities connected to both Leon Black and the 1997 Trust

Jeffrey Epstein
PERSON
Alan Dershowitz
PERSON
United States
LOCATION
Barry Diller
PERSONEileen Alexanderson
PERSON
NEW YORK NY
LOCATIONBlack Family Partners
ORGANIZATIONAda Clapp
PERSONAlan S. Halperin
PERSONDebra
PERSONWeiss
PERSONWharton & Garrison LLP
ORGANIZATIONRifkind
PERSON
Paul, Weiss
ORGANIZATIONthe 2006 Trust
ORGANIZATIONAPOI Trust
ORGANIZATIONthe APOI Trust
ORGANIZATIONthe APO I Trust
ORGANIZATION