To: Jeffrey E.[Jeevacation mail.com
Cc: Richard D'Agostin ); Eileen
Alexanderson
From: Richard Joslin
Sent Tue 5/20/2014 8:51:17 PM
Subject: Schedule B
SCH B LDB Net Worth Summary and Schedule NO GRATS - 20140331.Ddf
Attached and pasted below is the pasted verbiage
NOTE THAT AS PART OF RECENT ESTATE PLANNING, LEON D. BLACK ENTERED
INTO VARIOUS TRANSACTIONS WITH FAMILY TRUSTS AND GRANTOR RETAINED
ANNUITY TRUSTS. THESE TRANSACTIONS GIVE RISE TO RECEIVABLES AND
PAYABLES BY LEON D. BLACK TO FAMILY GRANTOR TRUSTS FOR WHICH LEON
D. BLACK IS GRANTOR FOR INCOME TAX PURPOSES. THESE INTRA-FAMILY
TRANSACTIONS ARE ZERO SUM TRANSACTIONS AS ANY RECEIVABLE IS EQUAL
TO A PAYABLE. FOR REPORTING PURPOSES, THESE TRANSACTIONS ARE
NETTED.
EFTA_R1_00371144
EFTA01925492