From: Eileen Alexanderson

From: Eileen Alexanderson To: Jeffrey Epstein <[email protected]> CC: Richard Joslin < Subject: Further timber update Date: Tue, 18 Nov 2014 00:13:53 +0000 Timber update- no better bids came in. Best bid is a 15% discount on the 6/30value = to $16,125,588. This was the bidder's initial offer. Eaton Partners believes there may be a few addl % pts they will be able to extract. This addl % was obviously built into status update last week when they gave guidance that they had a ' low teens' bid. There were 10 bids-majority came in with +1-30% discounts. This best bidder would like a brief period to do a bit more confirmatory due diligence and will commit to close sometime before year end. I sent the same update to Leon asking if he is agreeable to a bid at this level. Eileen Alexanderson Elysium Management 445 Park Avenue Suite 1401 Email: Sent from my iPhone EFTA01000923