EFTA01039652.txt

"From: Jeffrey E. <[email protected]> To: Leon Black Subject: Fwd: Plane Date: Tue, 25 Jul 2017 18:58:42 +0000"

"From: Barry J. Cohen Date: Sun, Jul 23, 2017 at 4:56 PM Subject: Plane To: jeffrey E. <[email protected]>"

"They highlighted some low likelihood governance issues at Apollo that could screw up the testamentary CLATs. ... Apollo Global Management, LLC"

"Signed LOI for $47MM. Seller is delivering purchase agreement tomorrow. Leon wants to electrify the divans"

"S&C basically thought the estate plan was fine. They highlighted some low likelihood governance issues at Apollo that could screw up the testamentary "

"They are wrong ! Sorry I started to explain to Leon. Neither them nor Alan has actually done one with major art . And in addition it relies on assumpt"

"Signed LOI for $47MM. ... I agree with you that it seems like a bad idea ... after you give comments on the memo, we can pinpoint to S&C."