Melanie Spinella From: Anthony Civale Sent Friday, May 16, 2014 4:38 PM To: Leon Black Cc: Lames Zelter Subject: COF 1 Leon, I wanted to follow-up on your question yesterday regarding your personal investment in COF 1. You have $19 million of remaining invested capital in COF 1 which is currently valued at $42 million (as of 3/31/14). Once we complete the sale of the Citi portfolio discussed yesterday, you will receive approximately $31 million of cash and have a remaining invested capital of $6 million valued at $10 million. Thanks, Anthony 1 EFTA00605769