EFTA02677247Set 11
2013-12-119p3,533w
Trustee entered into a split dollar agreement (the "Agreements") between each Trust and AIF IV
Management Inc. ("AIF"), as your employer. I The Trusts may terminate the Agreements ... time. AIF has no right to terminate.
Under the terms of the Agreements, each year, AIF must pay the premiums on all policies (the
"Premiums"). You or the Trusts must ... repay AIF for the annual cost of current life insurance (the
"Employee's Portion"). AIF has paid Premiums of roughly $1.8 million each year. Each year
the Employee Portion
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02677247.pdf
EFTA01128258Set 9
2013-12-119p3,507w
Trustee entered into a split dollar agreement (the "Agreements") between each Trust and AIF IV
Management Inc. ("AIF"), as your employer. I The Trusts may terminate the Agreements ... time. AIF has no right to terminate.
Under the terms of the Agreements, each year, AIF must pay the premiums on all policies (the
"Premiums"). You or the Trusts must ... repay AIF for the annual cost of current life insurance (the
"Employee's Portion"). ALP has paid Premiums of roughly $1.8 million each year. Each year
the Employee Portion
https://www.justice.gov/epstein/files/DataSet%209/EFTA01128258.pdf
EFTA00619894Set 9
2013-12-119p3,511w
Trustee entered into a split dollar agreement (the "Agreements") between each Trust and AIF IV
Management Inc. ("AIF"), as your employer. I The Trusts may terminate the Agreements ... time. AIF has no right to terminate.
Under the terms of the Agreements, each year, AIF must pay the premiums on all policies (the
"Premiums"). You or the Trusts must ... repay AIF for the annual cost of current life insurance (the
"Employee's Portion"). ALP has paid Premiums of roughly $1.8 million each year. Each year
the Employee Portion
https://www.justice.gov/epstein/files/DataSet%209/EFTA00619894.pdf
EFTA01297271Set 10
2018-01-0311p5,798w
collective II Yes Unclementing and placement business on or
investments (in particular UCITS. AIF, other without a firm commitment basis
forms of mutual or alternative investment
funds) unless the acquisition ... framework has been declared equivalent by the an impermissible loan or guarantee wan AIF
European Commission, as principal. in a financial (see bekw, under Section 2)
instrument, on or outside ... hedge funds (as such term is defined under German
law) or substantially leveraged AIFs. (ii) as investment management companies of such AIFs (AIFM3). or (iii) as other
clients to whom
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01297271.pdf
EFTA02707619Set 11
1999-09-1315p5,012w
Summary of Coverage
Individual Life Insurance Coverage-on Leon Black-
• Split-Dollar Entity: AIF IV Management, Inc.
• Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust ... Wealth Transfer Life Insurance Coverage on Leon & Debra Blaek
• Split-Dollar Entity: AIF IV Management. Inc.
• Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust #2 dated ... split-dollar structure to
minimize gift tax. The split-dollar entity, AIF IV Management Inc (now part of BFP),
advances the annual premiums (in lieu of compensation to Leon). Fortunately
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02707619.pdf
EFTA01127278Set 9
1999-09-1315p4,983w
Summary of Coverage
Individual Life Insurance Coverage on Leon Black
• Split-Dollar Entity: AIF IV Management. Inc.
• Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust ... Wealth Transfer Life insurance Coverage on Leon & Debra Black
• Split-Dollar Entity: AIF IV Management. Inc.
• Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust #2 dated ... split-dollar structure to
minimize gift tax. The split-dollar entity, AIF W Management Inc (now part of BFP),
advances the annual premiums (in lieu of compensation to Leon). Fortunately
https://www.justice.gov/epstein/files/DataSet%209/EFTA01127278.pdf
EFTA01813697Set 10
3p1,233w
your consideration regarding the termination of the
split dollar agreements between the Trusts and AIF IV Management Inc. ("AIF").
A. Background.
To refresh your recollection, in 1999, Trust #1 purchased ... life
policies"). Thereafter, each trust entered into a split dollar agreement (the
"Agreements") with AIF, as Leon's employer. The Trusts may terminate the
Agreements at any time. AIF ... right to terminate.
Under the terms of the Agreements, each year, AIF must pay the premiums on all
policies (the "Premiums"). Leon or the Trusts must repay AIF
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01813697.pdf
EFTA00987652Set 9
2014-04-164p986w
From: Jeffrey Epstein
To: Melanie Spinella
Subject: Fwd: Update on AIF IV Management Inc.
Date: Wed, 16 Apr 2014 17:12:37 +0000
since january
Forwarded message
From: Ada Clapp ... Date: Wed, Apr 16, 2014 at 1:06 PM
Subject: RE: Update on AIF IV Management Inc.
To: Jeffrey Epstein
Eileen promised me the numbers this week.
Ada Clapp
Elysium ... Sent: Tuesday, April 15, 2014 2:31PM
To: Ada Clapp
Subject: Re: Update on AIF IV Management Inc.
fire drill
https://www.justice.gov/epstein/files/DataSet%209/EFTA00987652.pdf
EFTA01101857Set 9
2014-06-24123p41,119w
table.
Table I
BFP Ownership
Partner Type Interest
Black Family GP, LLC GPI 0.0000%
AIF IV Management Inc. LP' 0.0000%
Judah 2009-A Investment Trust LP 7.8903%
Black Family ... Date.
Apollo Private Equity Investment Funds: BFP participated in Apollo's PE funds,
specifically AIF III, AIF IV, AIF V and AIF VI. For each fund, BFP invested ... Valuation Date.
BFP also retained a 36% interest (720.5 of 2,000 points) in AIF III's general
partner's carried interest. As of the Valuation Date, the capital account
https://www.justice.gov/epstein/files/DataSet%209/EFTA01101857.pdf
EFTA01101980Set 9
2014-06-24123p41,127w
table.
Table I
BFP Ownership
Partner Type Interest
Black Family GP, LLC GP' 0.0000%
AIF IV Management Inc. LP3 0.0000%
Judah 2009-A Investment Trust LP 7.8903%
Black Family ... Date.
Apollo Private Equity Investment Funds: BFP participated in Apollo's PE funds,
specifically AIF III, AIF IV, AIF V and AIF VI. For each fund, BFP invested ... Valuation Date.
BFP also retained a 36% interest (720.5 of 2,000 points) in AIF III's general
partner's carried interest. As of the Valuation Date, the capital account
https://www.justice.gov/epstein/files/DataSet%209/EFTA01101980.pdf
EFTA00987585Set 9
2014-04-153p680w
From: Jeffrey Epstein <jeevacation@gmail.com>
To: Melanie Spinella
Subject: Fwd: Update on AIF IV Management Inc.
Date: Tue, 15 Apr 2014 17:30:35 +0000
leon , you can decide
Forwarded message ... Clapp <I
Date: Tue, Apr 15, 2014 at 1:21 PM
Subject: Update on AIF IV Management Inc.
To: Jeffrey Epstein <jeevacation@gmail.com>
Cc: Eileen Alexanderson >, Richard Joslin
Hi Jeffrey,
Eileen ... spoke with John Suydam yesterday about the possibility of liquidating AIF IV Management Inc.
("AIF"). To refresh your recollection on the background:
• AIF was the original general partner
https://www.justice.gov/epstein/files/DataSet%209/EFTA00987585.pdf
EFTA01101257Set 9
2014-11-11100p33,692w
Date.
Apollo Private Equity Investment Funds: BFP participated in Apollo's PE funds,
specifically AIF III, AIF IV, AIF V and AIF VI. For each fund, BFP invested ... Page 5
BFP also retained a 36% interest (720.5 of 2,000 points) in AIF III's general
partner's carried interest. As of the Valuation Date, the capital account ... related to
the carry points for AIF III was a deficit of $4.7 million, i.e. the general partner
was subject to a clawback based on the market value of AIF
https://www.justice.gov/epstein/files/DataSet%209/EFTA01101257.pdf
EFTA01086067Set 9
2014-03-03101p34,062w
Date.
Apollo Private Equity Investment Funds: BFP participated in Apollo's PE funds,
specifically AIF Ill. AIF IV, AIF V and AIF VI. For each fund. BFP invested ... Page 5
BFP also retained a 36% interest (720.5 of 2,000 points) in AIF III's general
partner's carried interest. As of the Valuation Date, the capital account ... related to
the carry points for AIF III was a deficit of $4.7 million, i.e. the general partner
was subject to a clawback based on the market value of AIF
https://www.justice.gov/epstein/files/DataSet%209/EFTA01086067.pdf
EFTA00585076Set 9
2011-12-054p1,068w
Proposal
This memorandum explains a proposal regarding the split-dollar insurance
arrangements among you, AIF IV Management Inc., an S corporation wholly owned by you
("AIF"), and Norman Brownstein ... five
separate policies). The Trustee entered into two split-dollar agreements with you and AIF, one
for the policies on your life, which are held in the 1999 Life Insurance ... held in the 1999 Life Insurance Trust #2. Each
split-dollar agreement obligates AIF to pay the full amount of the Planned Periodic Premium (as
defined in the policy contract
https://www.justice.gov/epstein/files/DataSet%209/EFTA00585076.pdf
EFTA01110697Set 9
2011-12-054p1,068w
Proposal
This memorandum explains a proposal regarding the split-dollar insurance
arrangements among you, AIF IV Management Inc., an S corporation wholly owned by you
("AIF"), and Norman Brownstein ... five
separate policies). The Trustee entered into two split-dollar agreements with you and AIF, one
for the policies on your life, which are held in the 1999 Life Insurance ... held in the 1999 Life Insurance Trust #2. Each
split-dollar agreement obligates AIF to pay the full amount of the Planned Periodic Premium (as
defined in the policy contract
https://www.justice.gov/epstein/files/DataSet%209/EFTA01110697.pdf
EFTA00583244Set 9
2013-11-187p652w
Family Trust Agreement to
enable it to purchase 25% of the stock of AIF IV Management Inc. ("AIF IV") from Leon.
Distribution of
$12.2 million-
BEB 2011 Trust ... Trust Company of
Debra Black. Delaware, Administrative Trustee
EFTA00583245
Step Two: Leon Sells AIF IV Management Inc. to 2011 Trusts
For tax reasons, Debra resigns as Trustee from ... Each of the the 2011 Trusts purchases from
Leon 25% of the stock of AIF IV, valued using CSV of the policies ($24,752,474*) less the Note payable
https://www.justice.gov/epstein/files/DataSet%209/EFTA00583244.pdf
EFTA01141475Set 9
2013-11-146p559w
Trust Agreement. The value of the aggregate distribution will equal the purchase price of
AIF IV Management Inc. ("AIF IV"). In the alternative, each of the 2011 Trusts could borrow ... 2011Trusts
borrow 12.2
million from LDB
2011 LLC
EFTA01141476
Step Two: Leon Sells AIF IV Management Inc. to 2011 Trusts
Each of the the 2011 Trusts purchases from Leon ... interest in AIF IV. Value determined by using cash
surrender value of the policies ($24,752,474*) less the Note payable to BFP ($7,347,076 plus interest) and
applying
https://www.justice.gov/epstein/files/DataSet%209/EFTA01141475.pdf
EFTA01085958Set 9
2015-10-12108p35,610w
Date.
Apollo Private Equity Investment Funds: BFP participated in Apollo's PE funds,
specifically AIF IV, AIF V, AIF VI, and COF III. For each fund, BFP invested ... underlying fund's return on investment, net
of any non-fee fund expenses.
The AIF funds employed a 1.5% management fee, while COF III employed a
1.25% management ... AIF funds, the management fees could vary based
on life-cycle of the fund. The AIF funds and COF III employed a 20% carried
interest fee structure. Carried interest
https://www.justice.gov/epstein/files/DataSet%209/EFTA01085958.pdf