From: Richard Joslin < Sent: Tuesday, November 11, 2014 1:25 PM To: jeffrey E.; Eileen Alexanderson; lawrence delson Subject: RE: LRN shares (K 12 Inc). RD and I contacted transfer age=t and now RD is working with KUE outside counsel to get shares quantities =onfirmed and re-issued if necessary. The transfer agent records do not mat=h the amount we should have received (nor is the name on file the holder of record (LBF Holdings)) and transfer=agent has not received insruction to deliver to broker. Once we get =uantity and other transfer agent issues cleared up, we will mpve to broker=and sell. RD is contacting outside counsel again today for follow up I rec'd the last of 3 IT outsource proposals yesterday= Second meetings with all concluded last week and EA/ ID included in=second meeting. I will summarize differences and take one firm out o= running (cost 3x). Plan was to discuss internally today/ tomorrow for final selection. Cost — 10% cheaper than current=provider with same/ improved coverage. Foundation has been funded with appreciated stocks and=these positions have been liquidated. There are 1648 shares of Unite= Rentals that are restricted. RD is sending paperwork to LOB to sign today=to clean these shares up. Once the paperwork is provided to broker and they release the restriction (move the shares to=type 2 account) then transfer to Foundation will begin. There are a =ouple of loss positions worth < $3K that need to be sold. RD is to prov=de shares and ticker to EA today so that clearance/ compliance apporval can begin. I'd like to have the accou=ting group be invilved in this to gain familiarity with the Apollo complia=ce process. There is a worthless position that JPM will purcha=e for $1 to take off their books (Scienta is the name of the company - no longer on pink sheets or OTC BB) RD has pap=rwork for this for LDB to sign today. 401k - call with specialist yesterday with EA/RJ. = To not have Julie be part of 401k, the thought