From: Ada Clapp To: Jeffrey E. <[email protected]> CC: Eileen Alexanderson Subject: RE: Confidentiality Agreements Date: Tue, 06 May 2014 13:21:19 -r0000 Hi Jeffrey, Where shall I call you if you want to discuss? I tired your number and got voicemail. I think it is important to have everyone involved in the family's planning sign confidentiality agreements. The earlier in the process the better as an agreement signed now would not necessarily protect against prior disclosures (unless the individual signing is willing to make a representation that they have not disclosed confidential information prior to the date of the document—or to have the document be effective as of an earlier date). However, an agreement signed now would protect against future disclosure of all information obtained by the signer —including information obtained prior to the date of the agreement. Recall that I had five-year's worth of confidential information about Leon and his family at US Trust and still signed a confidentiality agreement when I started with the family office. I don't think the analysis is different for Darren, Rich and Larry. In fact, Darren appears to be working with information that is so confidential you are considering whether it can be shared with me (I am referring to the "gift trust" which Darren was drafting on his computer at our last meeting). He is clearly acquiring new confidential information daily and this needs to be protected. I can revise the confidentiality agreements Paul Weiss prepared last July to update them and date them as of today if you prefer but it is my recommendation that everyone receiving any information about Leon and his family sign one. Happy to discuss. Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: Email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is