<table><tr><th>From:</th><th>Ada Clapp</th></tr><tr><td>Sent:</td><td>Tuesday, September 16, 2014 3:52 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Cc:</td><td>Eileen Alexanderson; Heather Gray; Richard Joslin</td></tr><tr><td>Subject:</td><td>LDB Foundation</td></tr></table>

Hi Jeffrey,

Rich just came in to find out the status of Ralphr.,=17;s resignation as Assistant Secretary and Director of the LDB Foundation= We are waiting for Leon to approve of our sending Ralph the resigna=ion document. We sent Leon a draft cover letter about a month or so ago. He may prefer to speak to Ralph personally so we =ave held off on sending the letter. Eileen has reminded Leon about t=e issue a couple of times already.

Heather has already asked Diana Wierbiki to return t=e foundation checkbook but Diana W. indicated that Ralph had it in his pos=ession. The cover letter attaching the resignation asks Ralph to ret=rn the checkbook. We are waiting for instructions from Leon to move forward.

In the meantime, Rich suggested calling the bank to =ancel Ralph's signatory authority but until Ralph resigns, I donR=7;t think Rich has any legal basis to ask that and doubt the bank would do=it. I also think this would cause the bank to call Ralph, and Leon may want to do that first.

Ada Clapp

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022

Direct Dial: 646-589-0303

Fax: 646-589-0330

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;