Date: June 24th, 2015 Re: EPSTEIN / Recap with respect to Valdson's paid vacation for the computation: take Mondays to Saturdays, except French bank holidays agreement to carry forward vacation days (not taken) from one period to the next For the reference period from 09/27/01 through 05/31/02, Valdson was entitled to 20 days. He took 9 days in September 2002. For the reference period from 06/1/02 through 05/31/03, Valdson was entitled to 30 days. He took 26 days in July and August 2003 (from July 23'd through August 23'd included). The remaining number of days was settled in September 2003. For the reference period from 06/1/03 through 05/31/04, Valdson was entitled to 30 days. He took 23 days in December 2004 (from December 3id through December 31st included) and 7 days in January 2005 (from January 1" through January 10th included). For the reference period from 06/1/04 through 05/31/05, Valdson was entitled to 30 days. He took 15 days in March 2006 (from March 15' through March 31° included) and 13 days in April 2006 (from April Id through April 1 Sh included). NB: 2 days left. For the reference period from 06/1/05 through 05/31/06, Valdson is entitled to 30 days. He took 12 days in March/April 2007 (from Saturday March 246 through Monday April 96 included). NB: 2 + 30 -12 = 20 days left. For the reference period from 06/1/06 through 05/31/07, Valdson is entitled to 30 days. He took 18 days in December 2007/January 2008 (from Thursday 27th, 2007 through Thursday January 176, 2008 included). NB: 20 + 30 —18 = 32 days left. For the reference period from 06/1/07 through 05/31/08, Valdson is entitled to 30 days. He took 29 days in Auaust/Sentember 2008 (from Tuesday August 266 through Saturday September 27th included) and 30 days in January/February 2009 (from January 96 through February 126 included). NB: 32 + 30 — 29 — 30 = 3 days left. For the reference period from 06/1/08 through 05/31/09, Valdson is entitled to 30 days. He took 28