From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, November 5, 2014 2:04 PM To: Richard Joslin Subject: Re: K12 Inc (Knowledge Universe) We're these the shares in the drawer On Wednesday, November 5, 2=14, Richard Joslin < <mailto » wrote: When the stock traded at all time hig= of 36. A month after distribution the shares were at $20 From: jeffrey E. [mailto:jeevacation@gmail.com] 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 < <javascript:_e=%7B%7D;cvmr,'Ftloslin@elyslIc.com1);» wrote: See screenshot. Guess when Knowledge Universe =istributed 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 w=th cost of $4.99/sh =A0 Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 EFTA_R1_01776419 EFTA02593199 New York, NY 10022 please no=e 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 <javascript:_e(%7B%7D,1cvmli=jeevacation@gmail.com.);> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =C2 please note The information contained in this communic=tion is confidential, may be attorney-client privileged, may constit=te inside information, and is intended only for the use of the addresse=. It is the property of JEE Unauthorized use, disclosure or copying =f this communication or any part thereof is strictly prohibited and =ay be unlawful. If you have received this communication in error, pleas= notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and<=r>destroy this communication and all copies thereof, including all atta=hments. copyright -all rights reserved 2 EFTA_R1_01776420 EFTA02593200