EFTA02360998.pdf

"From: Richard Joslin Sent: Tuesday, August 26, 2014 7:31 PM To: jeffrey E. Subject: FW: LDB 2011 LLC"

"Scott A. Nammacher, ASA, CFA I Managing Director Empire Valuation Consultants, LLC"

"Apollo Global Management, LLC ... Melanie Spinella"

"the plan worked out with Empire was to have the Empire appraisal team work to finalize the half dozen valuations for BFP before starting on LDB 2011 L"

"you and he reviewed the Sotheby's valuation engagement letter with you."

"Richard Joslin ... To: jeffrey E."

"I have spoke to Alan about the scope of the valuation and once the BFP LP valuation team is set to focus on LDB 2011 LLC we will finalize this."