From: Fenn, Patrick < Sent: Tuesday, May 21, 2013 4:00 AM To: [email protected]* Subject: Re: FW: Early Termination Calculation Would likely mean liquidating AP Prof and BRH. Theoretically could do so without triggering Tufts gain. Might be some non-tax hoops to jump through but presumably could be mastered. Would need to consider additional implications and discuss with Paul Weiss (company counsel). Not sure about holding in "different pockets". AMH is one many entities that comprise the AOGs. Exchanges for Class A Shares only work if exchange an AOG Unit. Something to consider. From: Jeffrey Epstein [mailto:[email protected] Sent: Monday, May 20, 2013 09:21 AM To: Fenn, Patrick Subject: Re: FW: Early Termination Calculation can we distribute out amh? I want to end up owning the holder and the debt. in different pockets. On Mon, May 20, 2013 at 9:08 AM, Fenn, Patrick > wrote: Ok. Yes, thinking through possibilities. From: Jeffrey Epstein (mailto:[email protected] <mailto:[email protected]> J Sent: Monday, May 20, 2013 08:19 AM To: Fenn, Patrick Subject: Re: FW: Early Termination Calculation could they run the calcuations at a 30 and 35 dollar price for apo , thanks, also have you given tought to refreshing the basis in amh.? new loan,? partnership, guaranteed either payments or assignment of tra in whole? On Mon, May 20, 2013 at 7:46 AM, Fenn, Patrick < wrote: > > EFTA_R1_00066334 EFTA01761528