Epstein Secrets

12/31/2012 Beneficiary Interest Rate 12/01 - 12/31 Comments USN Aviation • the borrower was changed to M. Zuckerman in 11/2007 $ 29,260,862 Bank of America Swap rate 5.37% (4.67% • 70bps) Actual rate of 1.04% 133,944 11/1/14 maturity. LIBOR • 70bps Swap matures 11/3/14 at 4.67% • 70bps ZAS, Inc. - the bo

ic Collateral Required under the Swap contract 5,800,000 atigrmP Additional Collateral Required under the Swap agreement Krell Payments 200)000 Bank of America L/C issued as part at guaranty issued for Sm. Paymenb Total NIBZ Contingent Obligations S 2%390,172 (1) L/ts and Swap collateralized by investments w

6,788,944 Bank of America- 418 Wrights Road 57,181,751 Bank of America-17 East 75th Street 55,302,759 Bank of America-21 Drew Lane $19,960,171 Bank of America-4 Three Mile Harbor Drive $793,653 Bank of America-950 Fifth Avenue $23,550,610 Unsecured Obligations To Third Parties 4225,661,723 Bank of Ameri

EFTA00283599 Mortimer B. Zuckerman and Related Entities Descriptions Of Investments For MBZ And Related Entities Fund Templeton Global Bond Fund US Trust (BOA) • Money Mkt Valor Equity Partners IL LP. VSSComunications Partners IV, L.P. Entity MBZ, MBZ 19% Trust, MBZ 1996 Trust (Non Exempt), MBZ 19

or 12/3V2011 Beneficia:y Internt Rate 12/01 - 12/31 Commenta LEN Aviation • the bonower was changed to M. Zuckerman in 11/2007 $ 30,551,620 Bank of America Swap rate 5.37% (4.67% • 70bps) Actual rate of 1.01% 139,831 11/1/14 maturity. LIBOR 70bps Swap maturs 11/3/14 at 4.67% • 70bps ZAS, Inc. - the borr

lateral Required under the Swap contract 5,800,000 Citigroup (1) Additional Collateral Required under theSwap agreement Krell Payments 300,000 Bank of America L/C issued as part of guaranty issued for Sev. Payments 1050 Jefferson, Washington DC 178,125 Bank of America L/C issued for USN Washington DC office

57,941,848 Bank of America-418 Wrights Road $7,329,840 Bank of America-17 East 75th Street $5,409,619 Bank of America-21 Drew Lane $20,364,720 Bank of America-4 Three Mile Harbor Drive $809,739 Bank of America-950 Fifth Avenue $24,027,930 Unsecured Obligations To Third Parties $204,669,869 Bank of Ameri

Zuckerman and Related Entities Descriptions Of Investments For MBZ And Related Entities Fund Entity Descripdon Seix Templeton Global Bond Fund US Trust (BOA) - Money Mkt Valor Equity Partners II, LP. MBZ MBZ 19% Trust, MBZ 19% Trust (Non Exempt), MBZ 1983 Family Trust, USN College Marketing Inc.,

o the Partnership upon Leon's death — step-up in basis. The works of art to be contributed to the Partnership collateralize Leon's personal loan to Bank of America. It is assumed that Bank of America has signed off on the contribution of works of art to the Partnership. The loan agreement with Bank of America w

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