From: John Castrucci

From: John Castrucci To: jeffrey E. <jeevacation®gmail.com> CC: Richard Joslin < >, Brad Wechsler < Subject: Tax Projection 2015 & 2016 with and without Phaidon Sale-inclusive of 2013 & 2014 Actual. Date: Wed, 30 Dec 2015 18:26:26 +0000 Attachments: Scan0095.pdf Jeffrey As requested projection now includes actual figures for 2013 and 2014. Let us know if you require further details. Regards Jc John M.Castrucci I Chief Operating Officer I Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 I From: John Castrucci Sent: Wednesday, December 30, 2015 10:28 AM To: 'jeffrey E.' <jeevacation@gmail.com> Cc: Richard Joslin Subject: Tax Projection 2015 & 2016 with & without Phaidon Sale Jeffrey, See attached summary projections for 2015 & 2016 with and without Phaidon transaction updated this morning 12/30 at meeting with Rich Joslin. Let us know if you would like to see further details of any items noted on the attached projection. Best time today that Rich and I are available is approx. 1:15 today (RJ is traveling but available) or anytime tomorrow morning we can both be in the office to discuss or meet. Kind regards and happy new year. Jc John M.Castrucci I Chief Operating Officer I Elysium Management, LLC 445 Park Avenue Suite 1401, New York, NY 10022 I EFTA00837601