From: Richard Joslin <

From: Richard Joslin < Sent: Friday, September 19, 2014 8:36 PM To: Jeffrey Epstein ([email protected]) Cc: lawrence delson Subject: FW: email 1 of 2 Another oddity. I will keep you posted. From: Richard Joslin Sent: Friday, September 19, 2014 4:20 PM To: Elliot Becker; Vincent Maniscalco Cc: Richard D'Agostino; tax Subject: RE: email 1 of 2 Going forward, please post K-1s to Apollo portal — I prefer not to have Leon's SSN in cyberspace (transmitted via unsecure email) I have a 2013 K-1 that zero's out LDB's Coinvest III capital and moves the capital to BFP. But now I have I have 2014 K-1 that shows opening capital a/o 1/1/2014? Very disturbing that I do not have final 2013 K-1's or K-1's are changing without me/ Leon family office knowing. Have the 2014 returns been filed for Co-invest III? See screenshots 1 EFTA_R1_00113542 EFTA01788734 From: Chin, Chris (US - New York) [mailto Sent: Friday, September 19, 2014 3:30 P To: Elliot Becker; Richard Joslin; Vincent Maniscalco Cc: Richard D'Agostino; tax; Earley, David Francis (US - Stamford) Subject: RE: email 1 of 2 Hi Richard, we filed final short year 2014 returns for AIF Ill and Co-investor Ill. Because the 2014 kl was not yet available, we used 2013 kl report the 2014 taxable income/loss, and marked it from 1/1/2014-3/31/2014 (see Leon Black's 2014 kl in Co-investors In the 2014 tax estimate schedule: For Advisor II - the amounts represented the 2014 estimated taxable losses which would be allocable to Leon Black; For Coinvestor Ill —in addition to the taxable income reported on the 2014 Coinvestor III short year k1 (per attached kl), there could be an additional gain or loss as a result of the liquidation of this partnership in 2014 to consider (based on the outside tax basis calculation in the partnership), which is no reflected on the 2014 kl. Please let me know if you have any questions or require anything else. Thanks. Chris From: Elliot Becker [mailto Sent: Friday, September 19, 2014 2:20 PM To: 'Richard Joslin'; Vincent Maniscalco Cc: Richard D'Agostino; tax; Chin, Chris (US - Subject: RE: email 1 of 2 <mailtoa] New York); Earley, David Francis (US - Stamford) Ok. Chris (copied) will lead on this. will likely get back to you early next week. Regards, Elliot From: Richard Joslin [mailto: Sent: Friday, September 19, 2014 2:07 PM To: Elliot Becker; Vincent Maniscalco Cc: Richard D'Agostino; tax Subject: email 1 of 2 mailto ] Let's discuss these 2014 tax losses in comparison to the tax basis 2013 K-1's 2 EFTA_R1_00113543 EFTA01788735 From: Nevins, Kyle Patrick (US - Stamford) [mailt Sent: Tuesday, May 20, 2014 8:20 AM To: Elliot Becker; Richard Joslin; Vincent Maniscalco Cc: Banks, Brian Jacob (US - New York) Subject: RE: Apollo Advisers II LP All — Attached please find the 2014 projected taxable income amounts related to LDB's respective Fund III Advisors/Co- Investors interests. Note that these income estimates account for the related 2014 clawback adjustments. Please let me know if you have any questions or would like to discuss further. Thanks, Kyle Kyle P. Nevins Deloitte Tax LLP Tel Cell From: Elliot Becker [mailto: Sent: Monday, May 19, 2014 5:04 PM To: 'Richard Joslin', Vincent Maniscalco Cc: Nevins, Kyle Patrick (US - Stamford); Banks, Brian Jacob (US - New York) Subject: RE: Apollo Advisers II LP The clawback is a 2014 tax event. Kyle- can you send projections for this? thanks. From: Richard Joslin Imailtc <mailto Sent: Monday, May 19, 2014 4:55 PM To: Elliot Becker; Vincent Maniscalco Subject: Apollo Advisers II LP 3 EFTA_R1_00113544 EFTA01788736 Please help• there were two K-1's issued in 2012 — one to LDB (should have been BFP) and one to 1997 Black Family Trust. Can you clarify which entity had clawback? I see interest income allocated to one partner and LTCG to the other, Thanks Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 (w) (c) (f) This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC Any tax advice included in this written or electronic communication was not intended or written to be used, and it cannot be used by the taxpayer, for the purpose of avoiding any penalties that may be imposed on the taxpayer by any governmental taxing authority or agency***** 4 EFTA_R1_00113545 EFTA01788737 This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this message and any disclosure, copying, or distribution of this message, or the taking of any action based on it, by you is strictly prohibited. v.T.1 This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC Any tax advice included in this communication may not contain a full description of all relevant facts or a complete analysis of all relevant tax issues or authorities. This communication is solely for the intended recipient's benefit and may not be relied upon by any other person or entity. This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this message and any disclosure, copying, or distribution of this message, or the taking of any action based on it, by you is strictly prohibited. v.T.1 5 EFTA_R1_00113546 EFTA01788738