EFTA02651413

From: Barry J. Cohen Sent: Monday, April 24, 2017 7:29 PM To: jeffrey E. Cc: Leon Black Subject: Re: Elysium Tax Candidate Good suggestions. Sent from my iPhone On Apr 24, 2017, at 3:28 PM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: ask him re tenants in common , tufts gain, &nbs=; scin s . estate freezes. . intl. out=bound and inbound tax ramifications. . as a =ample test On Mon, Apr 24, 2017 at 3:17 PM, Barry J. Cohen =span dir="ltr"> <an wrote: Jeffrey: See attached resume and talking point= below. From: Barry J. Cohen Sent: Friday, April 21, 2017 9:06 AM To: Leon Black . . . », Melanie Spinella Cc: Bradley J. Wechsler (bunaithelar@alyclle com emailtn•hwnrhsIer@elyslIc corn-, ) >; John Castrucc= <mailto4C-eetosteei@elyelieeem» Subject: Monday Meeting with Dan Terlep Leon, Here are some notes on Dan Terlep, the Elysium Tax D=rector candidate who would replace Rich Joslin. He is the best candi=ate we have found in the mid-six-figures compensation range. We are =xploring a couple higher- end compensation candidates. His resume is attached. EFTA_R1_01893243 EFTA02651413 • Dan is currently Vice President, Tax for the billion dollar net worth Nacca=ato family office outside of Chicago. We believe the patriarch was owner & president of Wilton Industries, a =eading cake decoration and food business that was sold in 2007 for $700mm.=u> • Dan has been working there for 9 years and has reported to a well-known fam=ly office CEO, Tim Kelly. • His total compensation is $250,000. • We are offering him $325,000 (potentially $350,000) salary, a first year gu=ranteed bonus of $50,000, and $35,000 of moving and transition expenses. S=gnificant increase in compensation is due to cost of living in NY Metropol=tan area vs. Chicago suburbs. • He has a wife (who is a practicing audiologist) and 3 kids.</ri> • Our biggest concern is that his resume says he is looking to "manage&=8221; a family office, among other things. * Although his current position is VP Tax, he says he works on a wide range o= tax and accounting (including IT financial reporting transition) matters,=including building the office's direct real estate and PE businesses= We have explained to him that we value the breadth of his experience, and h= will have ample opportunity to use that breadth at Elysium. However= his main responsibility will be tax. Dan seems to understand. • He worked at Deloitte for 6 years, focusing on large family offices and wea=thy individuals. Worked on the Searle (Pharma family) family engagement. T=ained well by D&T partners that worked with John Castrucci.<=u> • We told him that we worked with Jeff E. He asked about his civil liti=ation and the ethical impact to the family office. We feel he is comfortab=e with the arrangement. Barry J. Cohen = I Elysium ManagementALC I 445 Park Avenue Suite 1401 New York, NY 10022&=bsp; I Tel. ( please note The information contained in this communication is cell iM M )> <=> 2 EFTA_R1_01893244 EFTA02651414 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01893245 EFTA02651415