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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA00585076: Leon Black and Arrangement (DS9)

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This document is a memorandum dated December 5, 2011, from McDermott Will & Emery to Leon Black regarding a split-dollar life insurance arrangement. The memo, authored by Carlyn McCaffrey and Elyse, addresses compensation treatment related to the split-dollar arrangement and is copied to Eileen Alexanderson, Ada Clapp, and Tom Turrin.

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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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McDermott Will & Emery New York MEMORANDUM Date: December 5, 2011 cc: Eileen Alexanderson Ada Clapp Tom Turrin To: **Leon** **Black** From: Carlyn McCaffrey Elyse

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