EFTA00994270.pdf

From: "Jeffrey E." <[email protected]> To: Ada Clapp Subject: Re: Lockwood House Date: Mon, 28 Jul 2014 17:57:19 +0000 Have Ben call me On Monday, July 28, 2014, Ada Clapp < > wrote: 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 $1 million 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 Direct Dial: Fax: Email: 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. please note EFTA00994270 The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00994271