From: Ada Clapp

From: Ada Clapp To: jeffrey E. <[email protected]> CC: Eileen Alexanderson Subject: RE: Annuity Payment Due October 24th Date: Tue, 18 Nov 2014 22:12:36 +0000 Just want to confirm that on December 4th, Leon will be re-GRAT-ing (to a new GRAT—the APO1 GRAT No. 6) the BFP interests he received on October 24th from the APO1 GRAT, as well as those he will receive on December 3rd from the APO1 GRAT Nos. 2,3,4 and 5. The stock is trading at about $23.34. Thanks. From: jeffrey E. [[email protected]] Sent: Tuesday, October 14, 2014 9:46 AM To: Ada Clapp Subject: Re: Annuity Payment Due October 24th dec3 On Tue, Oct 14, 2014 at 9:28 AM, Ada Clapp < > wrote: Good morning Jeffrey, Leon is due to receive another annuity payment from APOI GRAT on October 24th. He will be receiving just the one annuity payment that day. Do you advise that he re-GRAT this payment or wait until December 3rd when he will receive annuity payments from each of GRATs 2,3,4 and 5. The October 24th annuity payment due to Leon on the 24th is approximately $109 million and will be partially paid in cash of $11,700,000. Please let me know if you would like Paul Weiss to have a new GRAT ready to go for the October annuity payment. Thanks! Ada Clapp El sium Mana ement LLC New York, New York 10022 Direct Dial: Fax: Email: 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. EFTA00868367 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 EFTA00868368