EFTA02386565

From: Eileen Alexanderson Sent: Tuesday, November 18, 2014 1:16 PM To: jeffrey E. Subject: Re: Further timber update Sept 30th values are not out yet. Yes, as I indicated in email last we=k, fee to Eaton is 100bps. This note was to update you on pricing. Sent from my iPhone On Nov 18, 2014, at 1:02 AM, "jeffrey E." <jeevacation@gmail.com <mailto:j=evacation@gmail.com» wrote: Is there an update to June value??? And isn't there a fee ?? On Monda November 17 2014, Eileen Alexanderson <mailt wrote: Timber update- no better bids cam= in. Best bid is a 15% discount on the 6/30value = to <=>$16,125,588. This was the bidder's initial offer. Eaton Partners believes there may be a few addl % pts they will be able to=extract. This addl % was obviously built into status update last wee= when they gave guidance that they had a' low teens' bid. The=e were 10 bids-majority came in with +1-30% discounts. This best bidder would like a brief period to do a bit more confirmatory d=e diligence and will commit to close sometime before year end. I sent t=e same update to Leon asking if he is agreeable to a bid at this level.&nb=p; </=> Eileen Alexanderson Elysium Management<=p> 445 Park Aven=e Suite 1401 New York NY 1=022 Email: </=> javascript:_e(%7B=7D;cvmll,' EFTA_R1_01406757 EFTA02386565 Sent from my iPhone please note 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 jeevacation@gmail.com <mailtcyjeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01406758 EFTA02386566