<table><tr><th>From:</th><th>Ada Clapp</th></tr><tr><td>Sent:</td><td>Tuesday, February 24, 2015 11:47 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Cc:</td><td>Brad Wechsler</td></tr><tr><td>Subject:</td><td>Follow up to yesterdays call</td></tr></table>

Jeffrey,

Did you get all the answers you wanted in connection=with the notes that were generating income to Josh and Ben? As a rem=nder, Ben borrowed $1.5 million from the APO1Trust

last October (9 year term note with interest at 1.85= - interest is compounded annually, accrued and added to principal).=nbsp; This generates "phantom" interest income for Leon (as yo= know, APO1is a grantor trust).

Ada Clapp

Chief Legal Officer

Elysium Management LLC

445 Park Avenue

Suite 1401

New York, New York 10022

Direct Dial:

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;