From: Ada Clapp

From: Ada Clapp To: Jeffrey E. <jeevacation@gmail.com> CC: "Bradley J. Wechsler < "Eileen Alexanderson" Subject: Art Partnership documents-NAR Investments. Date: Fri, 05 Dee 2014 20:13:52 +0000 Attachments: NAR Investments_LLC_Agreement_.DOC; Summary_of LLC_Agreemem_for_NAR_Investments.doc Hi Jeffrey, When we last spoke you indicated that we should move forward with having Black Family Partners transfer certain non- Apollo related investments to NAR Investments LLC. I want to be sure you approve of the LLC Agreement Paul Weiss prepared for NAR before I send it to Leon for signature. Attached is the proposed agreement (it is the same document I sent to you previously--in case you already reviewed it). Also attached is a two page summary of the document in case you prefer not to review the entire agreement. Please let me know if I may forward the LLC Agreement to Leon for signature. Thank you. Ada Clapp Chief Legal Officer 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. EFTA00699196