From: Richard Joslin To: jeffrey E. <[email protected]>, Eileen Alexanderson < CC: Brad Wechsler < Subject: RE: Re: Date: Mon, 23 Feb 2015 14:36:52 +0000 For 2014 — no. Leon is Lender and Borrower for federal income tax purposes. LDB 2011 LLC is owned by 2011 Trusts (first half of 2014) and APO 1 (second half of 2014) which are grantor trusts for income tax. For 2013, imputed (phantom income) was reported. From: jeffrey E. [[email protected]] Sent: Monday, February 23, 2015 9:27 AM To: Eileen Alexanderson Cc: Richard Joslin; Brad Wechsler Subject: Re: Is there phantom income to be declared On Monday, February 23, 2015, Eileen Alexanderson < Support for the actual money transfers is attached Eileen Alexanderson Elysium Management 445 Park Avenue Suite 1401 New York NY 10022 Phone: Email: From: Richard Joslin Sent: Monday, February 23, 2015 8:48 AM To: Jeffrey E.; Eileen Alexanderson; Brad Wechsler Subject: RE: > wrote: Attached is an explanation of children note restructuring. Ada had circulated this on 11/26/2013 to Barry, Alan. From: jeffrey E. [mailto:[email protected] Sent: Monday, February 23, 2015 7:50 AM To: Eileen Alexanderson; Richard Joslin; Brad Wechsler Subject: lets have a call early afternoon if possible to review Phaidon structure and bens notes. I recall there being a chart of phaidon strucutre . but it did not include cash movements with specificity. ie where did the money go.- flow. -with precision to location and amounts etc.. ( I dont know what the word " Papered " means! and if there is" paper". I would like to see it. documents that reflect all debt , payments cancellations. purchases. decanting etc. . all entities and theire officers. directors etc. sigining authority, . filings made . required in the future EFTA00863731