From: Richard Joslin -4

From: Richard Joslin -4 To: jeffrey E. <[email protected]> Subject: Re: Date: Thu, 21 May 2015 12:27:29 +0000 I would say yes. However the investment partnerships of size are held by BFP. Some administrative red tape to assign but manageable. LDB owns AP Alternative Assets that is appropriate size but this is an Apollo asset As for redemption, BFP can give notice by May 31 to withdraw $25mm from Loan Cascade as of June 30. The balance of BFP hedge funds have calendar annual withdrawal dates or a June 30 withdrawal date for which there is 90 day notice requirement. On May 21, 2015, at 6:31 AM. jeffrey E. <[email protected]> wrote: he can assign a Ip interest ? On Thu, May 21, 2015 at 12:39 AM, Richard Joslin wrote: I spent a good deal of time on this. Given the Picasso purchase and the timing of these payments, LDB cash availability is limited if he is to also make brokerage funding of $15mm and fund APOI interest on note ($20mm). I am also assuming that DRB cash of $13mm will not be used for this purpose. I am also assuming APO cash distributions of $0.35 (August) and $0.34 (Nov) which exceed the $0.33 distribution in May. BFP cash can be used but this would reduce BFP distributions and impair LDB cash flow to pay for the above. Last, I am assuming art loan draws of $42.5mm to cover $63.5mm of Picasso payments in June and Oct. Trusts have cash to cover $25mm at current time and cash needs are sufficiently spaced to not have any squeeze. I would think a loan from trust to LDB would be means to fund payment. Alternatively, a loan from trusts to BFP and increase BFP distributions and have fee paid 6/3 and 7/24 from GRAT annuity and partially from Leon's incremental BFP distribution. On May 20, 2015, at 11:04 PM, jeffrey E. <[email protected]> wrote: ?? On Wed, May 20, 2015 at 7:24 AM, Richard Joslin > wrote: I am working on this. Will have today On May 19, 2015, at 9:16 PM, jeffrey E. <jeevacation®gmail.com> wrote: weren't you going to get me some proposal s for 25m On The, May 19, 2015 at 6:48 PM, Richard Joslin S. wrote: EFTA00716362 ESWW shares in name of Financial Trust Company and signed stock power (Nov 2012) located in EA office (Mar 2015). Stock power was invalid and new stock power was executed and provided to JP Morgan by family office (Mar 2015). JP Morgan went to ESWW transfer agent (Bay City) and was notified that the certificates submitted were invalid due to ESWW reverse stock split (2013) as new certificates had been issued by ESWW to replace all previous certificates. Family office reached out to Darren Indyke to ask if he could locate new stock certificates (new certificates would have been issued by ESWW to Financial Trust Company). Darren was investigating and liaising with Bay City earlier this month. From: Jeffrey E. [mailto:[email protected] Sent: Tuesday, May 19, 2015 4:43 PM To: Brad Wechsler; Melanie Spinella; Richard Joslin Subject: enviommanetal solutions is still not done??? , please note The information contained in this communication is 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is 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 EFTA00716363 return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is 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 jea®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00716364