EFTA01086067Set 9
2014-03-03101p34,062w
EFTA01086067
EMPIRE
VALUATION CONSULTANTS. tic
PRIVATE & CONFIDENTIAL
November 1I, 2014
Alan Halperin, Esq.
Paul, Weiss, Riflcind, Wharton & Garrison LLP
1285 Avenue of the Americas, Suite 3115
New York ... Dear Mr. Halperin:
You have requested Empire Valuation Consultants. LW ("Empire") to estimate the
fair market value of a 2.6640% limited partnership interest (the "Interest") in Black
Family Partners ... Partnership") as of March 3, 2014 (the
"Valuation Date"). It is our understanding that this summary letter will be used by
Mr. Leon Black for estate planning purposes.
Valuation Summary
https://www.justice.gov/epstein/files/DataSet%209/EFTA01086067.pdf
EFTA01118864Set 9
46p21,591w
SAMPLE VALUATION PROVISIONS/DESCRIPTIONS
1. Tudor Futures Fund - Private Placement Memorandum, p. 21.
11. Viking Global Equities, L.P. - Limited Partnership Agreement, pp. 11-12.
III. Colden Capital Partners LP - Limited Partnership ... RELATING TO A NOTIONAL BASKET OF CITIBANK FUNDS.
EFTA01118864
660\j- 'hy4c-L.NreS \--LA/ fOlAk
VALUATION
Futures and option contracts traded on exchanges are valued at their settlement prices ... accordance with the policies described above). In the absence of a settlement
price, valuations are determined using broker quotations.
Equity securities traded on exchanges or included in the NASDAQ Stock
https://www.justice.gov/epstein/files/DataSet%209/EFTA01118864.pdf
EFTA01101980Set 9
2014-06-24123p41,127w
EMPIRE
VALUATION CONSULTANTS. ac
PRIVATE & CONFIDENTIAL
June 24, 2014
Alan S. Halperin, Esq.
Paul, Weiss, Ritkind, Wharton & Garrison LLP
1285 Avenue of the Americas, Suite 3115
New York ... Dear Mr. Halperin:
You have requested Empire Valuation Consultants, LLC ("Empire") to estimate the
fair market value of a 34.53% limited partnership interest (the "Interest") in Black
Family Partners ... Partnership") as of December 4, 2013 (the
"Valuation Date"). It is our understanding that this report will be used by Mr.
Leon Black for estate planning purposes.
This report
https://www.justice.gov/epstein/files/DataSet%209/EFTA01101980.pdf
EFTA02689933Set 11
67p31,238w
Laundering and Terrorist Financing Requirements 2-726
12. Calculation of the NAV 27
13. Valuation of Investments 31
14. Temporary Suspension of Calculation of the NAV and/or of Subscription, Redemption ... Capital Contributions 55
8. Drawdown from Investors 57
9. Re-Investment Cash 59
10. Valuation Date 59
II. Distributions and Allocation of Liquidation Proceeds — Carried Interest — Re-Investment ... except in, all cases, any company in which the Company holds an Investment.
Annual Valuation has the meaning set out in Section 13.3 of the General Section;
Articles means
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02689933.pdf
EFTA00603461Set 9
2014-04-086p873w
EMPIRE
VALUATION CONSULTANTS, at
PRIVATE & CONFIDENTIAL
April 8, 2014
Leon Black, Trustee of APO1 GRAT
(9
c/o Elysium Management Lf‘ A ( 111(C(
445 Park Avenue, Suite 1401
New York ... Reference:
(Please include our reference number on your check.)
Empire Valuation Consultants E1N
INVOICE
For services rendered in connection with the preparation of a valuation report to
estimate the fair ... Pocket Expenses $ 450
Balance Due
Please make your check payable to Empire Valuation Consultants, LLC and
remit to the address below.
777 Canal Vicw Blvd., Suite 200, Rochester
https://www.justice.gov/epstein/files/DataSet%209/EFTA00603461.pdf
EFTA01100532Set 9
8p1,119w
Portfolio valuation as of 18th December 2012
Reference:
Portfolio no.: 60.068190_6
Valuation currency: EUR
Your contact: Stefan Buck
Place and date: Zurich, 18th December 2012 / 15:43:52
Asset ... analysis by categories and currencies (net assets, nominal view, amounts in valuation currency)
MET in % USD in% CHF in% EUR in% Total in %
Liquidity ... Exchange rates
CHF 1.2080 USD 1.318777
Page 1/8
EFTA01100532
Portfolio valuation as of 18th December 2012
Reference:
Portfolio no.: 60.068190_6
Valuation currency
https://www.justice.gov/epstein/files/DataSet%209/EFTA01100532.pdf
Deutsche Bank Group Valuation Statement
Request 182298
05 Nov 2015
SOUTHERN FINANCIAL, LLC
As of 04 Nov 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relatin to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
,Gedeon Pinedo (Email) ,Vahe
Stepanian (Email)
,Mark ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475542.pdf
Deutsche Bank Group Valuation Statement
Request 182298
21 Oct 2015
SOUTHERN FINANCIAL, LLC
As of 20 Oct 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relat' • tement c •
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
,Gedeon Pinedo (Email) Vahe
Stepanian (Email)
,Mark Whyman (Email ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475363.pdf
Deutsche Bank Group Valuation Statement
Request 182298
21 Aug 2015
SOUTHERN FINANCIAL, LLC
As of 20 Aug 15
Deutsche Bank AG
For Sales Inquiries •
Daniel Sabba (Tel) (Email)
For questions ... relating to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL,
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
hnw. Gedeon Pinedo (Email) Vahe
Stepanian (Email)
,Mark Whyman ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474366.pdf
EFTA01473067Set 10
2015-05-126p825w
Deutsche Bank Group Valuation Statement
Request 182298
12 May 2015
SOUTHERN FINANCIAL, LLC
As of 11 May 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relatin to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
,Gedeon Pinedo (Email) ,Vahe
Stepanian (Email)
,Mark ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473067.pdf
Deutsche Bank Group Valuation Statement
Request 182298
14 Jul 2015
SOUTHERN FINANCIAL, LLC
As of 13 Jul 15
Deutsche Bank AG
For Sales Inquiries
Daniel Sabba (Tel) + (Email)
For questions ... relati ement contact:
Valuations NY (Tel) 1-212-250-2600 (Email) valuations.ny@db.com
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email
hnw.clientservices@db.com,Gedeon Pinedo (Email) ,Vahe ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473947.pdf
Deutsche Bank Group Valuation Statement
Request 182298
08 Oct 2015
SOUTHERN FINANCIAL, LLC
As of 07 Oct 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) +1 (Email ... questions relatinligliPl igilement contact:
Valuations NY (Tel) 1-212-250-2600 (Email) valuations.ny@db.com
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
hnw.clientservices@db.com,Gedeon Pinedo (Email ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474937.pdf
Deutsche Bank Group Valuation Statement
Request 182298
23 Nov 2015
SOUTHERN FINANCIAL, LLC
As of 20 Nov 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relatin to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
Pinedo (Email)
Stepanian (Email)
,Mark Whyman (Email ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475726.pdf
Deutsche Bank Group Valuation Statement
Request 182298
23 Dec 2015
SOUTHERN FINANCIAL, LLC
As of 22 Dec 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relatin to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
,Gedeon Pinedo (Email) ,Vahe
Stepanian (Email)
,Mark ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01476679.pdf
Deutsche Bank Group Valuation Statement
Request 182298
23 Jun 2015
SOUTHERN FINANCIAL, LLC
As of 22 Jun 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relating to this statement contact:
Valuations NY (Tel) 1-212-250-2600 (Email) valuations.ny@db.com
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
hnw.clientservices@db.com,Gedeon ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473620.pdf
Deutsche Bank Group Valuation Statement
Request 182298
14 Apr 2015
SOUTHERN FINANCIAL, LLC
As of 13 Apr 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email ... questions relatin to this statement contact:
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL,
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
Gedeon Pinedo (Email) Vahe
tepanian mai
,Mark Whyman ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01472781.pdf
Deutsche Bank Group Valuation Statement
Request
06 Apr 2015
SOUTHERN FINANCIAL, LLC
As of 03 Apr 15
Deutsche Bank AG
For Sales Inquiries Contact:
Daniel Sabba (Tel) (Email)
For questions ... relatin to this statement contact:
Valuations NY (Tel) (Email) valuations.ny@db.com
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
,Gedeon Pinedo (Email) ,Vahe
Stepanian (Email)
,Mark ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01472710.pdf
Deutsche Bank Group Valuation Statement
Request 182298
12 Jun 2015
SOUTHERN FINANCIAL, LLC
As of 11 Jun 15
Deutsche Bank AG
For Sales Inquirie
Daniel Sabba (Tel) (Email)
For questions ... rela • ement co •
Valuations NY (Tel) (Email)
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Email)
Gedeon Pinedo (Email) Vahe
epanian mai
,Mark Whyman (Email) Amanda ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473556.pdf
EFTA01473166Set 10
2015-05-226p829w
Deutsche Bank Group Valuation Statement
Request 182298
22 May 2015
SOUTHERN FINANCIAL, LLC
As of 21 May 15
Deutsche Bank AG
For Sales Inquiries •
Daniel Sabba (Tel) (Email)
For questions ... relating to this statement contact:
Valuations NY (Tel) 1-212-250-2600 (Email) valuations.ny@db.com
SOUTHERN FINANCIAL, LLC
To:
Jabwcpa Gmail (Email) ,Richard Kahn12 (Email)
,Hnw Clientservices (Ema
hnw.clientservices@db.com,Gedeon Pinedo ... specified in the
relevant trade Confirmation.
Deutsche Bank Group ("DB") is providing the valuations set forth above as an
accommodation to you solely for your own internal use. Unless expressly
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473166.pdf