EFTA02377243.pdf

From: Ada Clapp Sent: Tuesday, February 24, 2015 11:47 PM To: Jeffrey E. Cc: Brad Wechsler Subject: Follow up to yesterdays call Jeffrey, Did you get all the answers you wanted in connection=with the notes that were generating income to Josh and Ben? As a rem=nder, Ben borrowed $1.5 million from the APO1 Trust last October (9 year term note with interest at 1.85= - interest is compounded annually, accrued and added to principal).=nbsp; This generates "phantom" interest income for Leon (as yo= know, APO1 is a grantor trust). Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 Direct Dial: Fax: 646-589-0330 Email: <=pan style="color:#0563C1" This communication and any attachment is for the =ntended recipient(s) only and may contain information that is privileged, =onfidential and/or proprietary. If you are not the intended reci=ient, you are hereby notified that further dissemination of this communication and its attachments is prohibited.&nbs=; Please delete all copies of this communication and its attachments and n=tify me immediately that you have received them in error. Thank you.=nbsp; EFTA_R1_01387613 EFTA02377243