From: Richard Joslin Sent: Wednesday, December 3, 2014 6:14 PM To: Jeffrey E. Subject: BFP LP cash flow update 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 1 EFTA_R1_01415405 EFTA02390283