From: Eileen Alexanderson To: [email protected] <[email protected]> Subject: GRAT valuation support Date: Fri, 20 Jul 2012 19:53:53 +0000 Attachments: img-720123834-0001.pdf Values in the right column came from attached reports by Empire. Each GRAT got % interests commensurate with value they contributed to LBF and then same sort of calculation was done with June 7th valuation reports when Leon and all the trusts contributed assets to Black Family Partners. Nothing else was added to LBF. Original Message From: NY_730_11_XRX_COPYROOM [mailto Sent: Friday, July 20, 2012 12:38 PM To: Eileen Alexanderson Subject: Scan from a Xerox Color Please open the attached document. It was scanned and sent to you using a Xerox Color. Number of Images: 36 Attachment File Type: PDF Device Name: NY 730 11 XRX COPYROOM Device Location: For more information on Xerox products and solutions, please visit http://www.xerox.com/ 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 EFTA00647004