From: Ada Clap To: jeffrey E. <jeevacation@gmail.com> CC: Brad Wechsler < Subject: Intra Family Notes - Offset Date: Mon, 09 Nov 2015 20:50:40 +0000 Attachments: Intra-Family Notes - DEcanting Offsets.pdf Hi Jeffrey, Following up on Brad's item 4 in his email below, please see attached. We have a detailed break-out of the notes which I can also forward to you if you would like to see it. Best, Ada Clapp Chief Legal Officer Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 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. From: Brad Wechsler Sent: Wednesday, November 04, 2015 9:50 AM To: ‘jeevacation@gmail.com' <jeevacation@gmail.com>; Richard Joslin Subject: Re: Jeffrey-a few things: 1. Everybody in the office is super busy (q3 financials, 15 and 16 projections tax/cashflow; trustee book for nov meet; decantings, potential phaidon sale, etc, etc.). That notwithstanding, re your questions: 2. | went thru the change of liabilities and basis with rich j last night and am not comfortable | can explain it fully. | will pick up with rich on this today. Btw, | did get an explanation on the grat charts that does explain the layout, how they work and how a grat can succeed even when a stock goes down over a two year period....makes sense. 3. | have a first cut list of potentially superfluous bank accts which joe can forward to you but which | haven't reviewed yet. 4. 5. We have not yet sat down (we shld do it with you) to look at the "grand" simplification plan, if any. | ve assumed this should be part of the new decanting process. On a smaller scale there are some llc's which | believe/hope can go away such as Ibf holdings and perhaps some others. Ada wid you think abt and discuss with rich j/joe, then me. Thx EFTA00642881

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From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Wednesday, November 04, 2015 05:31 AM To: Richard Joslin a | Brad Wechsler Subject: we are still waiting on the number re cash that was received that was not taxed thereby decreasing basis. today if possible, ? also a list of all cos, llc partne ete bank accounts and notes that can / should be eliminated as part of the clean up. 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 www. imax.com IMAX® is a registered trademark of IMAX Corporation lence and any attachments is confidential information intended only for the use of the individual or entity named dence is hereby notified that nination, distribution, copying ly prohib: e-mail was not ad you , plea: mediately notify us ted) or by email at webmaster@imax.com and delete and destroy this (co calls will b EFTA00642882