To: Jeffrey EpsteinBeeyacation©gmail.com] From: Richard Joslin Sent: Mon 3/31/2014 6:53:35 PM Subject: RE: TRA worksheets 2007 Step up valuation per Empire 8/15/2013 valuation —599MM; Apollo has non-discounted cash of S143MM TRA Dividend Pymt End 30-Nov Agg. Existing TRA Pymts Entity Pro-rata Share Present Value 2013 12,844,908 $12,490,985 0.2932 31,268,032 1.29 2014 18,527,339 $16,378,950 45,100,630 2.29 2015 12,456,250 $10,010,774 30,321,934 3.29 2016 12,422,538 $9,076,073 30,239,868 4.29 2017 13,016,621 $8,645,562 31,686,030 5.29 2018 13,786,126 $8,324,239 33,559,216 6.29 2019 14,755.645 $8,099,679 35,919,292 7.29 2020 16,089.140 $8,028,783 39,165,384 8.29 2021 18,355,909 $8,327,222 44,683,324 9.29 2022 15,707,106 $6,477,803 38,235,409 10.29 2023 5,203,137 $1,950,761 12,665,864 EFTA_R1_00385023 EFTA01932692