EFTA00967177.txt

"Thanks, Jeffrey. As for the discount, I have the following comments... we inform you that any U.S. federal tax advice contained in this communication"

"Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP"

"From: Jeffrey Epstein jeevacationggmail.com To: Alan S Halperin cj Subject: Re: BFP Valuation 6/7/07 Date: Thu, 15 Aug 2013"

"Let's see what discount was taken when he created the 2009 GRAT"

"as we will use the same discount putting it into the grats... discounts reflected in the attachment reflect the discounts relating to BFP"

"The biggest items reflected is AMH. I suspect that, in arriving at the value of AMH, there is a discount embedded in the analysis."

"From: Eileen Alexanderson... Apollo Global Management, LLC"