EFTA01127773.txt

"MEMORANDUM November 28, 2007 To: Leon Black From: Carlyn McCaffrey"

"Judah Investment Trust D $ 22.603.141.76 ... Net Annuity Payments Due to Leon $ 1,949,416.23"

"Summary of Loans Made to Leon Black In 2007 ... From Judah Trust D $ 20,000,000"

"04/20/07 ADDITION ... APOLLO MANAGEMENT HOLDINGS LP ... LBF HOLDINGS, LLC SEGREGATED ... 206,342.10"

"LBF HOLDINGS LLC J.S. TRUST INVESTMENT MANAGEMENT ACCOUNT"

"07/11/07 ADDITION ... JPMORGAN CHASE ... LBF HOLDINGS LLC ... 1,652,499.00"

"Leon D. Black promises to pay to LBF Holdings, LLC... the principal sum of exactly Fifty Million Dollars ($50,000,000)"

"05/14/07 TRANSFER TO CHECKING ACCOUNT LEON BLACK LOAN/ 8-50,000,000.0"

"05/22/07 PAYMENT WELLS CR/ KNOWLEDGE UNIVERSE EDUCATION LP EF: LEON SLACKS LI* HOLDINGS S-31,968,000.00"

"07-13 Wire Trs Rec'D JPMORGAN CHASE 021000021 ORG 000000000007395826 460,545,600.00"

"Leon D. Black promises to pay to LBF Holdings, LLC... the principal sum of exactly One Hundred Million Dollars ($100,000,000)"

"08/14/07 TRANSFER TO CHECKING ACCOUNT UNIO L & D BLACK -100,000,000.00"

"United States Trust Company, N.A. For personal assistance, call: John Hilderbrandt"

"LBF HOLDINGS LLC C/O APOLLO MANAGEMENT, L.P."

"09/17/07 TRANSFER TO CHECKING ACCOUNT BLACK ... Principal amount ... $-20,000,000.00"

"Leon D. Black promises to pay to LBF Holdings, LLC ... the principal sum of exactly Twenty Million Dollars"

"11/05/07 TRANSFER TO CHECKING ACCOUN AS DIRECTED BY FAX DID 11/5/07 (-OANI ... - 20,000,000.00"

"Leon D. Black promises to pay to LBF Holdings, LLC ... the principal sum of exactly Five Million Dollars"

"11/06/07 TRANSFER TO CHECKING ACCOUNT LEON & DEBRA BLACK MEI WAN ... -5,000,000.00"

"Leon D. Black promises to pay to LBF Holdings, LLC ... the principal sum of exactly Twenty Million Dollars"

"11/08/07 TRANSFER TO CHECKING LEON BLAC AS DIRECTED BY CLIENT'S EMAIL DATED 11/8/07 1-x)Ani ... - 20,000,000.00"

"Leon D. Black promises to pay to LI3F Holdings, LLC ... the principal sum of exactly Twenty-Five Million Dollars"

"11/28/07 TRANSFER TO CHECKING ACCOUNT_ 1...JAA/ LEON & DEBRA BLACK ... -25,000,000.00"

"U.S. TRUST ... LBF HOLDINGS LLC #2 INVESTMENT MANAGEMENT ACCOUNT"

"Apollo Management Holdings, L.P. LBF Holdings, LLC - Apollo Management Holdings GP, LLC Amended and Restated Limited Partnership Agreement dated as of"

"Apollo Management Holdings GP, LLC Leon D. Black Leon D. Black Joshua Harris Marc Rowan"

"Apollo Management Holdings GP, LLC Leon D. Black Joshua Harris Marc Rowan"

"Apollo Management Holdings GP, LLC Leon D. Black Joshua Harris Marc Rowan"

"Apollo Advisors IV, L.P. ... Black Family 1997 Trust ... Black Family 1997 Trust (264.4 points)"

"REF: LBF HOLDINGS LLC ATTN: ANGELA MANOUKIAN... AS PER LETTER"

"BLACK FAMILY PARTNERS, L.P. C/O APOLLO MANAGEMENT. LEON D BLACK"

"12/10/07 TRANSFER TO CHECKING ACCOUNT LEON 8. DEBRA BLACK Aid $-15,000,000.00"

"12/20/07 PAYMENT CITY Naillir CR/A RETE, LLC REF: LBF HOLDINGS LLC... -2,000,000.00"

"12/21/07 PAYMENT PAY: CLARIDEN LEU AG CLLECHZZ HAO CAPITAL FUND LP I... -900,000.00"

"12/28/07 PAYMENT JPMORGAN CHA A TO BENEFIT AC LONE CASCADE CARE OF ACCT GOLDMAN,SACHS & CO., N... -50,000,000.00"

"12/27/07 TRANSFER TO CHECKING ACCOUNT REF: ANNUITY PAYMENT.. JUDAH TRUSTS... $-1,272,030.82"

"please transfer the sum of $5,000,000 (FIVE MILLION DOLLARS) from (Black Family Partners LP) into Leon Black's Account"

"Ownership percentages of Black family Partners (transf en occurred on June 7 2007): ... LBF Holdings LLC 651.690.121 87.5962%"

"Apollo Capital Management IV, Inc. Directors Leon D. Black"

"Apollo Capital Management IV, Inc. Directors ... John Haman"

"eleven (11) grantor retained annuity trusts ('GRATs') Leon established on December 21, 2006"

"Weil, Gotshal & Manges LLP ... From: Carlyn McCaffrey"

"Summary of 2007 Annuity Payments ... Due to Leon ... Judah Investment Trust D"

"LEHMAN BROTHERS HLDGS INC DISC COML PAPER ... 04/28/2007 20,000,000.000"

"For personal assistance John Hilderbrandt"

"please transfer the sum of $5,000,000... into Leon Black's Account... thank you for your help. Melanie"

"Ownership percentages of Black family Partners ... Black family 1997 Trust"

"LEON & DEBRA BLACK"

"7.5%/19.91% of Co-investors IV"

"11/01/07 PAYMENT PAY: CITIBANK NA. CITIGB2LJ CH029715/ PFPC INTL LTD PORTLAN ... S-loopoo,o0o.00"