/15/2013 Pk\ I It Leon and Debra Black RI ( II'll \ I Southern Trust Company, Inc. k MI \ I $8,500,000 li klES# DB-SDN Y-0002962 12/18/2013 Black Family Partners, LP c/o Apollo Management Southern Trust Company, Inc. $10,000,000 DB-SDNY-0003484 4/25/2014 Leon and Debra Black Southern Trust Company, Inc.

ON BLACK / ROTHSCHILD GROUP TRANSACTIONS 10/15/2013 Leon and Debra Black Southern Trust Company, Inc. $8,500,000 DB-SDN Y- 0002962 12/18/2013 Black Family Partners, LP c/o Apollo Management Southern Trust Company, Inc. $10,000,000 DB-SDNY- 0003484 4/25/2014 Leon and Debra Black Southern Trust Company, I

2011 LLC 14,000,000 5,734,800 19,734,800 6.401,400 8.0017 L Black 73,857,123 30,000,000 100.000 119,896,167 Current 4/14 Dist to LPs. Black Family Partners $76mi1 ($72mi1) Cash portion 25-Apr 4/15 tax pay 4/24 Annuity Loan repay (56,000,000) 228,892 25,429,900 4,237,100 5,770,079 19,734,800

GRAT 1 annuity payment to be made next Thursday and then on to the annuity from GRAT2 on June 3rd. I have bolded the progression of cash balances in Black Family Partners and in Leon's accounts. $10mil fee which will be paid on 4/25 is not included-please give guidance as to whether this one should be paid from BFP o

< Eileen Alexanderson Ada Clapp Richard D'Agostino Richard Joslin Admin person Elizabeth Damaskos Miriam Paluba Judith Regan Richard Joslin Black Family Partners, LP 445 Park Ave New York, NY 10022 (ph) (cell) Richard Joslin, CPA CFO Black Family Partners, LP 445 Park Ave New York, NY 10022 (ph) (ce

n Alexanderson Ada Clapp Richard D'Agostino Richard Joslin Admin person Elizabeth Damaskos Miriam Paluba udith Regan > -- > Richard Joslin > Black Family Partners, LP > 445 Park Ave > New York, NY 10022 (ph) (cell) > • Richard Joslin, CPA > CFO EFTA00376040 > Black Family Partners, LP > 445 Park Ave

[email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Richard Joslin Black Family Partners, LP do Apollo Management 9 W. 57th St New York, NY 10019 (917) 472-3941 (ph) (M) 581-0509 (cell) EFTA00379193 CONFIDENTIALITY STATEMENT: The

[email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Richard Joslin Black Family Partners, LP do Apollo Management 9 W. 57th St EFTA00379199 New York, NY 10019 (M) 472-3941 (ph) (&B) 581-0509 (cell) <rem-newlogo_sm29.png> <primegl

[email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Richard Joslin Black Family Partners, LP do Apollo Management 9 W. 57th St New York, NY 10019 (917) 472-3941 (ph) (203) 581-0509 (cell) CONFIDENTIALITY STATEMENT: The information c

in. This communication may not be forwarded (other than to the addressee(s) identified above) without our express written consent. Richard Joslin Black Family Partners, LP do Apollo Management 9 W. 57th St New York, NY 10019 (917) 472-3941 (ph) (203) 581-0509 (cell) EFTA00379215

Thu, 22 Aug 2013 14:29:35 +0000 Will do. Left Ralph a message asking for his availability for a call. Have not heard back from him yet. Ada Clapp Black Family Partners IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments)

nts, LLC, appraisal, on page 64, analyzed the lack of control discount regarding the transfer of the donor's 37.75% Limited Partnership Interest in Black Family Partners, L.P. The appraisal cited iviergerstat Review 2013 and stated that the control premiums in Mergerstat corresponded to a discount for lack of contro

LOAN AGREEMENT Between Black Family Partners, and Phaidon Global LLC This Agreement dated as of September (, , 2013, is between Black Family Partners,.. (the "Lender") and Phaidon Global LL

e Agreement This Pledge Agreement, dated as of September a , 2013, is from Black Family 1997 Trust (the "Pledgor"), in favor and for the benefit of Black Family Partners, (the "Lender"). 1. Security Interest. For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, Pledgor here

ed in New York County My COMMiss;ort ExpfilS ileirertetr 54•0 Y 2Arlf EFTA00602223 SCHEDULE A Assets Such portion of the Grantor's interest in Black Family Partners, L.P. as constitutes the Assigned Interest (as defined in an Assignment and Assumption Agreement dated March 4, 2015 by and between the Grantor and

lance Personal accts: Leon & Debra Black US Trust 0945+9982 $1,031,093 $ 152,686 Leon & Debra Black UST Checking 3840 $2,888,974 $ 3,065,665 Black Family Partners US Trust Acct 0135 $17,816,631 $130,605,429 Trusts: 2006 Trust/LBF Hldgs US Trust Accts $30,021,145 $ 42,078,002 5824 & 5832 Black Family 19

revised interpretation of trust acctg income, only $36mi1 of $97mi1 dividend I received last week will be distributed to Leon. Eileen Alexanderson Black Family Partners. L.P. do Apollo Management 9 W 57th Street New York NV 10019 phone: email: This email and any files transmitted with it are confidential and i

effrey Epstein' <[email protected]> Subject: Date: Thu, 11 Apr 2013 19:22:16 +0000 I am back, call me it's good for you Eileen Alexanderson Black Family Partners. L.P. Go Apollo Management 9 W 57th Street New York NY 10019 phone email: This email and any files transmitted with it are confidential and in

Ada Clapp Black Family Partners do Apollo Management 9 W 57th Street New York NY 10019 phone: email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you th

EON BLACK / ROTHSCHILD GROUP TRANSACTIONS 10/15/2013 Leon and Debra Black Southern Trust Company, Inc. $8,500,000 DB-SDNY- 0002962 12/18/2013 Black Family Partners, LP c/o Apollo Management Southern Trust Company, Inc. $10,000,000 DB-SDN Y- 0003484 4/25/2014 Leon and Debra Black Southern Trust Company,