From: Joe Avantario Sent: Wednesday, November 11, 2015 9:22 PM To: Jeffrey E. Cc: Melanie Spinella; Brad Wechsler Subject: RE: Preliminary 2016 cash flow projections All cash is included If you are referring to the tax on the Picasso its on the Arts and collectibles line. If not please elaborate With respect to the gift, I assume this is an item I should add. Are there details or should I just add a line for it? From: Jeffrey E. [mailto:jeevacation@gmail.comj Sent: Wednesday, November 11, 2015 4:09 PM To: Joe Avantario Cc: Melanie Spine a < >; Brad Wechsle Subject: Re: Preliminary 2016 cash flow projections cash balances everywhere should be included. . gifts of 4 million include. 10 m in sales tax. On Wed, Nov 11, 2015 at 10:01 PM, Joe Avantario > wrote: Please see attached. Let me know if I can answer any questions. Thank you, Joseph Avantario Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 Tel. EFTA_R1_01393031 EFTA02379522 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 2 EFTA_R1_01393032 EFTA02379523