From: Richard Joslin • IIME> Sent: Saturday, April 9, 2016 10:41 AM To: jeffrey E.; Dlugash, Alan; Brad Wechsler, John Castrucci; Thomas Turrin Subject: Decision - where to file requests for extension of time to file State income tax returns Attachments: BLACK STATE FILING MATRIX.pdf; Leon Black 2015 Year End Estimates - 4-8-16 23.pdf Re: where to file requ=sts for extension of time to file State income tax returns. I attach a file that i= my proposed decision matrix on where to file extensions of time to file f=r state income tax returns FY 2015. I also attach Apollo's lat=st state income schedule which came out late last night. It may change again. The matrix considers t=e follows in proposing where to file extension (1) Filed in pas=, Apollo management company operations in state (2) LIKELY MEANINGFUL =OSITIVE STATE SOURCE INCOME (COMPOSITE ALL BLACK INVESTMENTS + APOLLO)=o:p> (3) MEANINGFUL STATE W=THHOLDING AT SOURCE by Apollo - FILE return TO CLAIM CREDIT (4) FILED RETURN IN ST=TE IN PAST I have not yet had a c=ance to discuss this schedule with Tom but we have discussed approach. Please share your thou=hts 1 EFTA_R1_02095474 EFTA02705387