From: Richard Joslin < Sent: Wednesday, November 5, 2014 1:55 PM To: jeffrey E. Subject: RE: K12 Inc (Knowledge Universe) When the stock traded at all time high of 36. A month after distribution the shares were at $20 From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Wednesday, November 05, 2014 8:53 AM To: Richard Joslin Subject: Re: K12 Inc (Knowledge Universe) When?.? On Wednesday, November 5, 2014, Richard Joslin < <mailto:Rloslin@elyslic.com» wrote: See screenshot. Guess when Knowledge Universe distributed 106,000 shares to LBF Holdings. We have reached out to transfer agent to locate shares and are now working with the company counsel. Currently we have 39,294 shs with cost of $13.89/ sh and 66,657 with cost of $4.99/sh Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 1 EFTA_R1_01776379 EFTA02593165 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_01776380 EFTA02593166