Epstein Secrets

ial Inventory As of April 16, 2014 Assets Cash and Marketable Securities 12,298,000 Apollo Credit Opportunities 40,838,000 Note Receivable From Leon D. Black 1,694,738,000 Note Receivable From APO2 Declaration 86,436,000 Art 142,231,000 Total Assets $ 1,976,541,000 Includes assets held through LBF

ing Overview Presented to: Leon D. and Debra R. Black Overview of Estate Plan as of April 16, 2014 Ma

a (Avionetta /Wigs) (II .135.000) (11.090.000) (22.225.000) Loan payable-Bank of America (BJAV Maine (17.897.000) (17.897.000) Loan payable to APOI Trust (1.594.738.000) (1.694.738.000) Loan payable • Black Fame)/ Partners LP 02.000.0001 ;42.003.000i Total Personal Liabilities $ (2235.770000) $

ginal Owner *BC. Mt RR DRB. BEB. JNIB. ASB. VRB ••DRB. BC. JH. RR BEB. DAB. ASB. VRB. DRB ***BC. JH. DRB. UST Admin BEB. JMB. ASB. VRB 100% ♦ Leon Black JMWT LLC DE) Manager: LDB 99.9% 0.1% PHAIDON GLOBAL LLC (DE) Manager: JMWT LLC 1 99.9% 100% PHAIDON LLC (DE) Formerly: !WAIT Mgr LLC Manager

• Trust*** or ------ ---------- . - . • re Black Famly 1997 Trine. % • • • (NYr*I . • . -

: Keith Fox - - - - - - - - - - - e' LDB LDB 2011 LUC (DE)t _% f Manage,: Beard6/bl r r: timber Managed • Purchased by APOI ♦ lune 20I4 APOI Trust (NY)* 14.93% 4.48% 4 • 111.2 LLC (DE) Manager: HI 1997 GST EX Trust (NY)** 10.28/15 KEY: Trustees Beneficiaries Nlanagers/Officers 'Ori

review the documents. Best regards, Ada Clapp Black Family Partners do Apollo Management IRS Circul

he 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, substitution language for APO2 trust into which 2006 Trust will be decanted, Leon's comfort with the intermediary trust provisions, etc). I will

review the documents. Best regards, Ada Clapp Black Family Partners do Apollo Management 9 W 57th S

he 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, substitution language for APO2 trust into which 2006 Trust will be decanted, Leon's comfort with the intermediary trust provisions, etc). I will

PO I Trust. Thanks and best regards, Ada Clapp Black Family Partners c/a Apollo Management 9 W 57th

From: Ada Clapp To: Jeffrey Epstein <[email protected]> Cc: Eileen Alexanderson Subject: GRAT and APOI Trust Date: Thu, 24 Oct 2013 13:59:34 +0000 Good morning Jeffrey, When I met with Leon the other day, I understood that he wanted to fund the new GRAT i

pposed to November (with lower rate). Ada Clapp Black Family Partners do Apollo Management 9 W 57th S

he 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, substitution language for APO2 trust into which 2006 Trust will be decanted, Leon's comfort with the intermediary trust provisions, etc). I will