From: Ada Clapp Sent: Tuesday, September 16, 2014 3:52 PM To: jeffrey E. Cc: Eileen Alexanderson; Heather Gray; Richard Joslin Subject: LDB Foundation Hi Jeffrey, Rich just came in to find out the status of Ralphr.,=17;s resignation as Assistant Secretary and Director of the LDB Foundation= We are waiting for Leon to approve of our sending Ralph the resigna=ion document. We sent Leon a draft cover letter about a month or so ago. He may prefer to speak to Ralph personally so we =ave held off on sending the letter. Eileen has reminded Leon about t=e issue a couple of times already. Heather has already asked Diana Wierbiki to return t=e foundation checkbook but Diana W. indicated that Ralph had it in his pos=ession. The cover letter attaching the resignation asks Ralph to ret=rn the checkbook. We are waiting for instructions from Leon to move forward. In the meantime, Rich suggested calling the bank to =ancel Ralph's signatory authority but until Ralph resigns, I donR=7;t think Rich has any legal basis to ask that and doubt the bank would do=it. I also think this would cause the bank to call Ralph, and Leon may want to do that first. Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: 646-589-0303 Fax: 646-589-0330 Email: <=pan style="color:#0563C1" 1 EFTA_R1_01341816 EFTA02356730