From: Ada Clapp To: jeffrey E. <[email protected]> CC: Brad Wechsler Subject: Intra Family Notes - Offset Date: Mon, 09 Nov 2015 20:50:40 +0000 Attachments: Intra-Family_Notes_-_DEcanting_Offsets.pdf Hi Jeffrey, Following up on Brad's item 4 in his email below, please see attached. We have a detailed break-out of the notes which I can also forward to you if you would like to see it. Best, Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you. From: Brad Wechsler Sent: Wednesday, November 04, 2015 9:50 AM To: '[email protected]' <[email protected]>; Richard Joslin Cc: Joe Avantariol •; Ada Clapp Subject: Re: ;John Castrucci Jeffrey-a few things: 1. Everybody in the office is super busy (q3 financials, 15 and 16 projections tax/cashflow; trustee book for nov meet; decantings, potential phaidon sale, etc, etc.). That notwithstanding, re your questions: 2. I went thru the change of liabilities and basis with rich j last night and am not comfortable I can explain it fully. I will pick up with rich on this today. Btw, I did get an explanation on the grat charts that does explain the layout, how they work and how a grat can succeed even when a stock goes down over a two year period....makes sense. 3. I have a first cut list of potentially superfluous bank accts which joe can forward to you but which I haven't reviewed yet. 4. 5. We have not yet sat down (we shld do it with you) to look at the "grand" simplification plan, if any. I ve assumed