EFTA02345974

From: Richard Joslin <-> Sent: Thursday, December 4, 2014 3:10 PM To: jeffrey E. Subject: FW: trustee info There were emails yest=rday that I was not addressee. Test for cogency will be via Ap=llo analyst (independent expert) no expanded to Artspace and Phaidon. Let&=8217;s talk. From: Eileen Alexanderson Sent: Thursday, December 04, 2014 10:05 AM To: Richard Joslin Subject: RE: trustee info 1-5 belowq=pan> From: Richard Joslin Sent: Thursday, December 04, 2014 10:04 AM To: Eileen Alexanderson Subject: RE: trustee info I don't see Brad=note From: Eileen Alexanderson Sent: Thursday, December 04, 2014 10:03 AM To: Richard Joslin Subject: trustee info We are on this path but just so you are in the loop-=ee note from Brad below- 1. Get the projections from keith and his do and ju=ith and her do. 2. Have rich j test them for cogency as a service to=the trust. (We can bill the trusts for admin services if we want.) 3. Have rich "consolidate" them. EFTA_R1_01316601 EFTA02345974 4. Make the ceo's, cfo's available to the trustees f=r "diligence" if the trustees so desire. (Rich, eileen and I can=participate on an administrative basis.) 5. Assuming trustee sign•off, the tees can function=lly dictate the terms of the loan (demand note or bullet) and again, the o=fice can run admin interference for them with paul, weiss to facilitate ex=cution of the note. If we want to integrate apollo into the process in o=der to help rich in the dd AND jeffrey is ok with apollo helping (as per a= earlier note) that's fine too. Also, please let ada know what our process will be. =hx, b Eileen Alexander=on Elysium Managementa:p> 2 EFTA_R1_01316602 EFTA02345975