<table><tr><th>From:</th><th>Richard Joslin</th></tr><tr><td>Sent:</td><td>Wednesday, December 3, 2014 6:14 PM</td></tr><tr><td>To:</td><td>Jeffrey E.</td></tr><tr><td>Subject:</td><td>BFP LP cash flow update</td></tr></table>

BFP LP reed notice today of capital distribut=on from Apollo Co-Invest VI of $5.5MM a/o DEC 10. We can use t=is money to pay shortfall (to reach 15MM). This is an alternative to=the present plan where I am going to the trustees to ask for $3MM transfer from APO 2 trust and LDB 2011(APO 1) to loan to P=aidon Global (so that Phaidon Global can repay BFP LP's existing loa= to Phaidon Global).

Richard Joslin

CFO

Elysium Management LLC

445 Park Ave

Ste. 1401

New York, NY 10022