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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01110697: Leon Black, Memorandum and Arrangement (DS9)

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A December 5, 2011 memorandum from McDermott Will & Emery to Leon Black regarding a split-dollar insurance arrangement proposal involving AIF IV Management. The document, prepared by Carlyn McCaffrey and Elyse Kirschner, explains compensation treatment and annual cost implications of the split-dollar insurance arrangement among specified parties.

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PersonKeyword
Excerpt 1
McDermott Will & Emery New York **MEMORANDUM** Date: December 5, 2011 cc: Eileen Alexanderson Ada Clapp Tom Turrin To: Leon Black From: Carlyn McCaffrey Elyse
Excerpt 2
Kirschner Re: Split Dollar Insurance Proposal This **memorandum** explains a proposal regarding the split-dollar insurance arrangements among you, AIF IV Management
Excerpt 3
For each year that the split dollar **arrangement** is in effect you have been treated as having received compensation equal to the cost of the current life

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