<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, April 14, 2015 5:11 PM</td></tr><tr><td>To:</td><td>Ada Clapp</td></tr><tr><td>Subject:</td><td>Re: Annuity payment</td></tr></table>

ask him

On Tue, Apr 14, 2015 at 1:01 PM, Ada Clapp <██████████████████████████████████████████> > wrote:

Hi Jeffrey,

Leon has an annuity payment due from GRAT 1 on April=24th. Can we assume that he will NOT re-GRAT this now but that he will do so on June 4th a= the same time he re-GRATs the 6 annuity payments he will receive from GRA=s 2-7 (assuming he decides to re-GRAT those)?

Thanks.

Ada Clapp

Chief Legal Officer

Elysium Management LLC

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Suite 1401

New York, New York 10022

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