EFTA02722492

To: jeevacationeNmail.c : Jeffrey [email protected]] Cc: Eileen Alexanderson : lawrence delson lawrence delso a a From: Ada Clapp Sent Fri 6/13/2014 5:03:23 PM Subject: LDB 2011 LLC Restructuring (9398727) (6) PLEDGE AGREEMENT - BEB (PW Draft)(for JEE review).doc Issuer's Acknowledgment - BEB Trust (6.4.14)(For JEE review).docx Promissory Note - BEB (6.4.14RFor JEE review).doc Purchase and Sale Agreement - BEB (2)(6.4.14)(For JEE review).doc Hi Jeffrey, Hope that you are having a good day. Attached are the sale documents in connection with the LDB restructuring. At our last meeting, you indicated that you wanted to review them. As a reminder, each of the children's 2011 Trusts will sell its one-fourth interest in the restructured LDB 2011 LLC to the APOI Trustees in exchange for a note (purchase price to be determined by appraisal). The attached are for a sale between Ben's 2011 Trust and the APO I Agreement. They will be "cloned" for the other children's trusts. We are set up for a June sale and I await your comments on these documents before circulating for signature. Best regards, Ada Clapp Elysium Management LLC EFTA_R1_02207432 EFTA02722492 IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used, by any person or entity for the purposes of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) proposing, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. 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. E FTA_R 1_02207433 EFTA02722493