<table><tr><th>From:</th><th>Joe Avantario</th></tr><tr><td>Sent:</td><td>Wednesday, November 11, 2015 9:25 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>RE: Preliminary 2016 cash flow projections</td></tr></table>

Ok.

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Wednesday, November 11, 2015 4:24 PM
To: Joe Avantario ████████████████████████
Subject: Re: Preliminary 2016 cash flow projections

just a line for gifts. . tax should be on a different line the purchases,

On Wed, Nov 11, 2015 at 10:22 PM, Joe Avantario ████████████████ <mailto:████████████████████> wrote:

All cash is included

If you are referring to the tax on the Picasso its on the Arts and collectibles line. If not please elaborate

With respect to the gift, I assume this is an item I should add. Are there details or should I just add a line for it?

From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ] Sent: Wednesday, November 11, 2015 4:09 PM To: Joe Avantario mailto Cc: Melanie S <u>inella mailto</u> >; Brad Wechsler Subject: Re: Preliminary 2016 cash flow projections

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 ███████████████████████████████████████████████████████████████>
wrote:

# Please see attached. Let me know if I can answer any questions.

Thank you,

Joseph Avantario
Elysium Management, LLC
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Tel. █████████████████████████ | Cell █████████████████████████
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please note

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please note

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved