<table><tr><th>From:</th><th>Brad Wechsler</th></tr><tr><td>Sent:</td><td>Tuesday, November 17, 2015 6:25 PM</td></tr><tr><td>To:</td><td>Ada Clapp; Jeffrey Epstein</td></tr><tr><td>Cc:</td><td>John Castrucci</td></tr><tr><td>Subject:</td><td>Re: FW: Fw. December 1 Decantings</td></tr></table>

John-using david Las your pt person let's nail down any corp, tax or other filing requires if leon were to sell his phaedon equity. Give him a short deadline to respond and make it his job to coordinate with mcfarlands or bdo, if nec... Sent from my Verizon Wireless BlackBerry

From: Ada Clapp
Date: Tue, 17 Nov 2015 18:O6:06 +0000
To: Jeffrey <u>E<jeevacation@gmail.com></u>
Cc: John Castrucci Brad Wechsler
Subject: RE: FW: Fw: December 1 Decantings

Hi Jeffrey,

John Castrucci is the lead on the potential Phaidon sale and I am hoping that he can answer your question.

Ada Clapp

Chief Legal Officer

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022

This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further

dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you.

From: Jeffrey E. [mailto:jeevacation@gmail.com1 Sent: Tuesday, November 17 2015 12:42 PM To: Ada Clapp Subject: Re: FW: Fw: December 1 Decantings

what about disclosures on sale of equity?

On Tue, Nov 17, 2015 at 1:32 PM, Ada Clapp C> > wrote:

Please see Alan's response to JEE's highlighted question below:

From: Halperin, Alan S [REDACTED]
Sent: Tuesday, November 17, 2015 12:09 PM
To: Ada Clapp [REDACTED]
Cc: Orol, Zoey F [REDACTED]
Subject: RE: Fw: December 1 Decantings

David has discussed the matter with Macfarlenes. There are no filings that are triggered by the decanting. Alan

Alan S. Halperin I Partner

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas I New York, NY 10019-6064

<http://www.paulweiss.com>

From: Jeffrey E. [mailto:jeevacation@gmail.comj Sent: Sunday, November 01 2015 2:52 PM To: Brad Wechsle Melanie Spinella Cc: Ada Clapp <ACIapp@elyslIc.com C; ; Alan S. Halperin

Subject: Re: Fw: December 1 Decantings

impact on tax returns? disclosures. midco top co. . foreign, fbar, fatca, be10.? releases from children? final accounting?

On Sun, Nov 1, 2015 at 2:10 PM, Brad Wechsle
wrote:

Ada/alan-as you can see I am copying jeffrey on this from our friday call as an fyi for him. Thx, b

Sent from my Verizon Wireless BlackBerry

Key Information:

*   **From:** Ada Clapp
*   **Date:** Thu, 29 Oct 2015 19:56:42 +0000
*   **To:** Brad Wechsler, Zoey E. Orol, Halperin Alan, Joe, John Castrucci, Heather Gray
*   **CC:** Richard D'Agostino

Avantari

Subject: December 1 Decantings

Attached for tomorrow's meeting are:

1. Action Steps to Decant publishing assets.

2. List of Documents needed to accomplish item 1.

3. Action Steps to Decant non-publishing assets.

4. List of Documents needed to accomplish item 3.

Ada Clapp

## Chief Legal Officer

## Chief Legal Officer (cont.)

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022

This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you.

please note

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4

## Chief Legal Officer (cont.)

please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE

Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved