<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Friday, August 15, 2014 7:35 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: late QEF for BRH - pls check 2009</td></tr></table>

Understood. Last email on this.

On Aug 15, 2014, at 2:19 PM, "jeffrey E." <jeevacation@gmail.com <mailto:j=evacation@gmail.com» wrote:

these emails of yours are not privledged.

On Fri, Aug 15, 2014 at 1:25 PM, Richard Joslin <redacted> wrote:

More good news<=>

</=pan>

From: Richard Joslin Sent: Friday, August 15, 2014 1:25 PM To: Abel Goce; 'Thomas Turrin' Subject: late QEF for BRH - pls check 2009

Abel: pls review your files to find the comple=e BRH 2009 K-1 to portal – The adobe file you sent me
looks to be mi=sing a page. I got a new copy from Apollo. Based on my initial=inspection, REM did not report the QEF
income in 2009 (initial year of ownership) from BRH. This makes all of the QEF posi=ions held by BRH “unpedigreed” and
this subject to Section &nb=p;1291. If you think Apollo tax gave you incomplete K-1 pls let me k=ow thanks

----------------------------- =

Richard Joslin

CFO

Elysium Management LLC

445 Park Ave

Ste. 1401

New York, NY 10022

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