From: Ada Clapp To: Jeffrey Epstein <jeevacation®gmail.com> Cc: Eileen Alexanderson Subject: Re: Personal Representatives for Agreement Among Principals. Date: Thu, 10 Oct 2013 13:49:05 +0000 What if the Designation named all the executors (Debra, Barry and Richard) and the Memorandum of Intention specified that in the event of disagreement among them as to who should fill the vacancy on the Executive Committee, Barry's decision shall control. It would not be binding but only an indication of Leon's intention that we hope Debra and Richard would respect. That would require no amendment to the Will. By the way--if we are doing the GRAT--I believe we will need to do a Codicil or Revised Will in any event (to make sure there is language included that permits any annuity payment made to Leon's estate to qualify for the marital deduction if Debra survives Leon) so we might as well add language for a tie-breaker that would be binding. Ada Clapp Black Family Partners do Apollo Management 9 W 57th Street New Y phone email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by any person or entity for the purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication, and any attachment, is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have recei