From: Melanie Spinella To: 'Jeffrey Epstein' <[email protected]> Subject: RE: FW: Documents for You to Sign Tomorrow re GRAT Payment Date: Fri, 24 Jan 2014 17:24:58 +0000 Ok — I let him know From: Jeffrey Epstein [mailto:[email protected]] Sent: Friday, January 24, 2014 12:13 PM To: Melanie Spinella Subject: Fwd: FW: Documents for You to Sign Tomorrow re GRAT Payment Do not re grat until tues Forwarded message From: Richard Joslin Date: Friday, January 24, 2014 Subject: FW: Documents for You to Sign Tomorrow it GRAT Payment To: "jeevacation®gmail.com" [email protected]> fyi From: Ada Clapp [mailto Sent: Friday, January 24, 2014 10:58 AM To: Richard Joslin; Richard D'Agostino Subject: FW: Documents for You to Sign Tomorrow re DRAT Payment FYI On Jan 23, 2014, at 5:21 PM, "Ada Clapp" <I > wrote: Hi Leon, As you may recall, the first annuity payment from the APOI GRAT you created on October 25, 2013 will be paid to you tomorrow. Based upon Empire's rough estimate of the BFP interests you gifted to the APOI GRAT ($1 billion for a 37.75% interest), your first quarter annuity payment will be approximately $116 million. It will be paid to you with cash of $47 million and roughly a 2.2% interest in BFP (about $2 million shares). This is a based upon an assumed mean for the stock tomorrow of $34/share. If the mean, with discounts, is closer to $29/share, you will receive about a 2.6% BFP interest (or roughly 2.4 million shares). Alan will be sending you an assignment for your signature tomorrow, assigning the BFP interest from the APOI GRAT to you. Eileen has already arranged for the cash to be transferred. We understand from Jeffrey that you wish to immediately transfer the BFP interest you will receive tomorrow to a new GRAT. Accordingly, Alan will also be sending you for signature (i) a new GRAT agreement (the APOI GRAT No. 3) and (ii) a second assignment whereby you assign the BFP interest to the new APOI GRAT No. 3. E