EFTA01047851.txt

"From: Thomas Turrin To: Barry J. Cohen CC: jeffrey E. [email protected]"

"From: Jeffrey E. [mailto:jeevacation)gmail.com Sent: Sunday, April 30, 2017 6:51 PM To: Barry Cohen; Thomas Turrin; Cc: Leon Black"

"tom and jeffrey's first reaction (which may or may not have changed), ie, that the IRS found/acknowledges 378,805,695"

"It is the property of JEE"

"adjustment of BRH Holdings, LP ordinary income as a result of an audit of the tax return of BRH Holdings."

"I believe (and so does my partner Lisa Goldman) that this notice of adjustment of should end the process."

"other non-founding executives at Apollo were also recently given assessment notices"

"The delta is Leon's (BFP's) allocable share of the adjustment of BRH Holdings, LP ordinary income"

"The delta is Leon's (BFP's) allocable share of the adjustment of BRH Holdings, LP"

"the IRS sends adjustment notices to the partners such as the one received late Friday in which they indicate the specific partner's allocable share"

"Suzanne Wong (or someone at Apollo or Deloitte) should be able to provide a copy"