<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, September 4, 2014 7:22 PM</td></tr><tr><td>To:</td><td>Ada Clapp; Eileen Alexanderson; Richard Joslin</td></tr><tr><td>Subject:</td><td>Re: New Family Investment Entity</td></tr></table>

proposed association with phaidon? , audit committes =employees, share of rent.? etc

On Wed, Sep 3, 2014 at 6:09 PM, Ada=Clapp < > > wrote:

Hi Jeffrey,

Attached is the revised term sheet and action steps =or the proposed investment entity. Please let me know if I should se=d to the broader team or if you prefer to make comments first. Thank=.

Ada Clapp

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022

Direct Dial:

Fax:

Email:

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## =C2 please note

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JEE

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