<table><tr><th>From:</th><th>Ada Clapp n&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, February 24, 2015 10:20 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Cc:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>Re-GRAT-ing March Annuity payments</td></tr></table>

Hi Jeffrey,

Next week (March 3rd), Leon is to receive=annuity payments from GRATs 2-6. He also received an annuity payment=from GRAT No 1 on January 24th, the in-kind portion of which he=did not re-GRAT. Are you on board with Leon creating GRAT No. 7 and funding it with all of the BFP interests (i) =e received on January 24th from GRAT No. 1 and (ii) that he wil= receive from GRATs 2-6 on March 3rd?

Ada Clapp

Chief Legal Officer

Elysium Management LLC

I am unable to process that image. Can you provide a different one?

Email: <=pan style="color:#0563C1"

This communication and any attachment is for the =ntended recipient(s) only and may contain information that is privileged, =onfidential and/or proprietary. If you are not the intended reci=ient, you are hereby notified that further dissemination of this communication and its attachments is prohibited.&nbs=; Please delete all copies of this communication and its attachments and n=tify me immediately that you have received them in error. Thank you.=nbsp;