<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>

On Page 3 # 18 but...."ballon payment" was cut off"

From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Wednesday, November 11, 2015 4:22 PM To: Joe Avantario Subject: Re: Preliminary 2016 cash flow projections

then it needs a footnote

On Wed, Nov 11, 2015 at 10:21 PM, Joe Avantario > wrote:

We contemplated that and made the assumption it would be extended at same terms for this cash flow model

From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ]
Sent: Wednesday, November 11, 2015 4:21 PM
To: Joe Avantario >; Brad Wechsler
<u><mailto</u> >; Melanie Spinella
<mai to
Subject: Re: Preliminary 2016 cash flow projections

plane loan comes due 10-12 million , if not extended by guarantee

On Wed, Nov 11, 2015 at 10:01 PM, Joe Avantario <mailto > wrote:

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

Thank you,

- Name: (present in image — redacted)
- Company: Elysium Management, LLC
- Tel.: (redacted)
- Cell: (redacted)
- Email: (redacted; shown as "<mailto:...>" in image)
- Notes: signature block / business-contact layout with multiple black redaction bars over contact details

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