From: Ada Clapp Sent: Tuesday, November 3, 2015 3:17 PM To: Jeffrey E. Cc: Brad Wechsler Subject: AP Narrows LP Jeffrey, =/p> Should we move ah=ad with funding AP Narrows LP now (Brad thinks yes) or wait until we speak=to potential lenders regarding discount rates they would apply against int=rests in AP Narrows LP as collateral (i.e., 50% plus additional discount for LP wrapper?) vs. art held by LDB o= Narrows Holdings LP as collateral (i.e. 50%)? Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: Email: This communication and any attachment is for the =ntended recipient(s) only and may contain information that is privileged, =onfidential and/or proprietary. If you are not the intended reci=ient, you are hereby notified that further dissemination of this communication and its attachments is prohibited.&nbs=; Please delete all copies of this communication and its attachments and n=tify me immediately that you have received them in error. Thank you.=nbsp; EFTA_R1_01403008 EFTA02385013