<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, September 10, 2014 8:39 PM</td></tr><tr><td>To:</td><td>Ada Clapp</td></tr><tr><td>Subject:</td><td>Re: Weil Gotshal Memorandum</td></tr></table>

do you see any mention of sales taxx

On Wed, Sep 10, 2014 at 4:2= PM, Ada Clapp < <mailto » > wrote:

I have only this from 201= which shows that Narrows was to contribute only fine art. Thi= is really a follow up to the question: does Leon need to contribute assets other than art to the new Narrows? I believe he does not. =AO In fact, if we follow through with the current plan, he will. The=plan is for (i) Black Family Partners to create a new LLC to hold its non-=pollo related investments and to distribute out interests in this LLC to its partners (including Leon and the GRATs), (ii)=for the GRATs to distribute out these interests to Leon as part of the ann=ity payments and (iii) for Leon to contribute these interests into the new=Narrows.

Ada Clapp

Elysium Management LLC's contact information is partially censored. Only "Email:" along with a redacted email address is visible.

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

From: jeffre= E. [mailto:jee=acation@gmail.com <mailto:jeevacation@gmail.com>]

As I said not 2012 Way before my time
On Wednesday, September 10, 2014, Ada Clapp <mailtc » > wrote:

Hi Jeffrey,

Here is the Weil Gotshal memorandum I mentioned yesterday (it is from 2005!= and a later email from Elyse illustrating that they were focusing on the =ales tax issue.

- Document type: email signature
- Name: personal name present (not disclosed)
- Organization: "Elysium Management LLC"
- Three large redaction blocks (likely phone/address/other contact lines)
- Label "Email:" followed by a redaction (email address hidden)

This communication and any attachment is for the intended recipient(s) only=and may contain information that is privileged, confidential and/or propri=tary. 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 =ommunication and its attachments and notify me immediately that you have r=ceived them in error. Thank you.

-----Original Message-----
From: scanner@elysllc.com [mailto:scanner@elysllc.com]
Sent: Wednesday, September 10, 2014 3:32 PM
To: Ada Clapp
Subject:

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please no=e

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