Re: LDB 2011 LLC Restructuring

same issue, i would Ike brad okun or fenn to opine on these notes

On Fri, Jun 13, 2014 at 1:03 PM, Ada Clapp wrote:

Hi Jeffrey,

Hope that you are having a good day.

Attached are the sale documents in connection with the LDB restructuring. At our last meeting, you indicated that you wanted to review them. As a reminder, each of the children's 2011 Trusts will sell its one-fourth interest in the restructured LDB 2011 LLC to the APOI Trustees in exchange for a note (purchase price to be determined by appraisal). The attached are for a sale between Ben's 2011 Trust and the APOI Agreement. They will be "cloned" for the other children's trusts. We are set up for a June sale and I await your comments on these documents before circulating for signature.

Best regards,

Ada Clapp

Elysium Management LLC

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Suite 1401

New York, New York 10022

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