<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, November 11, 2015 9:09 PM</td></tr><tr><td>To:</td><td>Joe Avantario</td></tr><tr><td>Cc:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>Re: Preliminary 2016 cash flow projections</td></tr></table>

cash balances everywhere should be included. . =gifts of 4 million include. 10 m in sales tax.

On Wed, Nov 11, 2015 at=10:01 PM, Joe Avantario ██████████████ m <mail███████████████████████> wrote=

Please see attached. Let me know i= I can answer any questions.

Thank you,

Joseph Avantario
Elysium Management, LLC
445 Park Avenue Suite 1401, New York, NY 10022

## please =ote

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