<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:
To:</td><td>Friday, August 15, 2014 5:25 PM
jeffrey E.</td></tr><tr><td>Subject:</td><td>FW: late QEF for BRH - pls check 2009</td></tr></table>

More good news

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-1pls let me k=ow thanks

Richard Joslin

CFO

Elysium Management LLC

445 Park Ave

Ste. 1401

New York, NY 10022