EFTA02470061

From: jeffrey E. <[email protected]> Sent: Wednesday, March 9, 2016 8:51 PM To: Ada Clapp Cc: Halperin, Alan 5; Brad Wechsler Subject: Re: Fire Drill where is the brh tra explanations re governance.??!<=r> On Wed, =ar 9, 2016 at 2:02 PM, Ada Clapp c cmailto > wrot=: Jeffrey, Attached is the update= Estate Overview for Leon and Debra, together with a separate 3 page Execu=ive Summary. Please note the following: 1. =AO Both presentations were prepared by Paul Weiss =99s fiduciary accountant under my direction and Alan's overall sup=rvision. 2. =AO The attached are based on a 12/31/15 balance sheet and=AGM stock at $15.21/share. We are in the process of preparing an alt=rnative Overview showing the AGM stock at $30/share. 3. =AO The Detailed Presentation is based on the old US Trust=format (somewhat reorganized) for familiarity/continuity with the last Ove=view. 4. =AO We learned yesterday from Brad that he believes the re=l estate numbers are understated by approximately $40-50 million. Th=s information is not incorporated into the Overview. Once you have had a chance to review the attached, l=suggest that you, Alan and I get on the phone together to discuss any ques=ions you might have and so that we can point out various aspects of the pr=sentation. Thank you. Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 EFTA_R1_01580889 EFTA02470061 New York, New York 10022 Direct Dial: Fax: Email: <mailto This communication and any attachment is for the =ntended recipient(s) only and may contain information that is privileged, =onfidential and/or proprietary. If you are not the intended reci=ient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. =AO Please delete all copies of this communication and its attachments and =otify me immediately that you have received them in error. Thank you= please =ote The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved 2 EFTA_R1_01580890 EFTA02470062