<table><tr><th>From:</th><th>Ada Clapp</th></tr><tr><td>Sent:</td><td>Wednesday, October 28, 2015 3:27 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>Publishing entity governance charts</td></tr><tr><td>Attachments:</td><td>Phaidon Govemanace Chart as of 11.1.15 (PPL chain only).pdf, Publishing
Govemanace Chart As of 11.1.15.pdf</td></tr></table>

Good morning Jeffrey,<=:p>

Attached are the chart= you requested laying out the governance structure for the publishing enti=ies.

Ada Clapp

Chief Legal Officer

Elysium Management LLC=o:p>

445 Park Avenue</=:p>

Suite 1401<=span>

New York, New York 100=2

Direct Dial:

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This communication =nd any attachment is for the intended recipient(s) only and may contain in=ormation that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemina=ion of this communication and its attachments is prohibited. Please =elete all copies of this communication and its attachments and notify me i=mediately that you have received them in error. Thank you.