EFTA00994264.pdf

From: Ada Clapp To: Eileen Alexanderson , jeffrey E. <jeevacation(iifigmail.com> Subject: Lockwood House Date: Mon, 28 Jul 2014 17:17:31 +0000 FYI—in the process of setting up an LLC (to be owned by the Benjamin Black 2010 Trust) to purchase the new townhouse for Ben. Ben plans to transfer $9 million of the funds currently in his BAC account to his 2010 Trust. We had a very bad connection, but I think I understood him to say that he will use the other $1 million (plus $150,000 from "another source") for the down payment. However, he also said something about keeping an extra $1 million "outside of the house" and having to borrow money from the Heritage Trust so he would have sufficient funds to close. I reminded him that the 2010 Trust already held $3.2 million in money market funds so that there would be sufficient assets to close on the property (he offered $11.5 million), cover the $500,000 of renovation expenses Ben estimates spending and still keep $1million invested separately without having to borrow from the Heritage Trust. Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direc Fax: Emai This communication and any attachment is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary. If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. Thank you. EFTA00994264