From: Richard Joslin Sent: Wednesday, December 3, 2014 6:58 PM To: jeffrey E. Subject: RE: BFP LP cash flow update Thanks. We can set up accrual of $1SMM so that on GRAT funding the value of BFP LP is reduced a/o 12/4/2014. I may proceed with original option to be able to pay today given that we can clean up some of the several BFP/ Phaidon loans. From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Wednesday, December 03, 2014 1:52 PM To: Richard Joslin Subject: Re: BFP LP cash flow update ok On Wed, Dec 3, 2014 at 1:13 PM, Richard Joslin > wrote: BFP LP rec'd notice today of capital distribution from Apollo Co-Invest VI of $S.SMM a/o DEC 10. We can use this 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 Phaidon Global (so that Phaidon Global can repay BFP LP's existing loan to Phaidon Global). Richard Joslin CFO Elysium Management LLC New York, NY 10022 (w) EFTA_R1_01781578 EFTA02596456 (c) (f) 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_01781579 EFTA02596457