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Hi Rich, Scott left me a voicemail about this. I am not really sure I understand your response to his email. Who is reviewing the engagement letter-Alan? It sounded like Scott has moved forward with the valuation despite the lack of engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

return so we can be official in moving forward. Thanks for your assistance. Best regards, Scott Scott A. Nammacher, ASA, CFA I Managing Director Empire Valuation Consultants, LLC 350 Fifth Ave., Suite 6115 We have moved up to a new suite! New York NY 10118-5513 General: Direct: Experience Excellence www.empireval.c

Hi Rich, Scott left me a voicemail about this. I am not really sure I understand yo=r response to his email. Who is reviewing the engagement letter-Alan? 1= sounded like Scott has moved forward with the valuation despite the lack =f engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

, that it makes=sense to get a more formal valuation. Are they not willing to do a formal valuation? Scott Scott Nammacher - From the Road Cell- Empire Valuation Consultants, LLC From: Richard Joslin Sent: Tuesday, June 24, 2014 3:45 PM To: Nammacher, Scott; Thompson, David Subject: LDB 2011 LLC Items iii and iv.

Hi Rich, Scott left me a voicemail about this. I am not really sure I understand your response to his email. Who is reviewing the engagement letter-Alan? It sounded like Scott has moved forward with the valuation despite the lack of engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

an be official in moving forward. EFTA00626117 Thanks for your assistance. Best regards, Scott Scott A. Nammacher, ASA, CFA I Managing Director Empire Valuation Consultants, LLC 350 Fifth Ave., Suite 6115 We have moved up to a new suite! New York, NY 10118-5513 General Direct: Experience Excellence Bio Original

Hi Rich, Scott left me a voicemail about this. I am not really sure I understand yo=r response to his email. Who is reviewing the engagement letter-Alan? 1= sounded like Scott has moved forward with the valuation despite the lack =f engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

s=sense to get a more formal valuation. Are they not willing to do a formal valuation? Scott Scott Nammacher - From the Road Cell: 914-420-6252 Empire Valuation Consultants, LLC 3 EFTA_R1_01768863 EFTA02588043 From: Richard Joslin Sent: Tuesday, June 24, 2014 3:45 PM To: Nammacher, Scott; Thompson, David Subject:

Hi Rich, Scott left me a voicemail about this. I am not really sure I understand yo=r response to his email. Who is reviewing the engagement letter-Alan? 1= sounded like Scott has moved forward with the valuation despite the lack =f engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

that it makes=sense to get a more formal valuation. Are they not willing to do a formal valuation? Scott Scott Nammacher - From the Road Cell: Empire Valuation Consultants, LLC 3 EFTA_R1_01300687 EFTA02338415 From: Richard Joslin Sent: Tuesday, June 24, 2014 3:45 PM To: Nammacher, Scott; Thompson, David Subject:

Hi Rich, Scott left me a voicemail about this. I am not really sure I understand yo=r response to his email. Who is reviewing the engagement letter-Alan? 1= sounded like Scott has moved forward with the valuation despite the lack =f engagement letter. Is that correct? Thanks. Ada Clapp Elysium Man

that it makes=sense to get a more formal valuation. Are they not willing to do a formal valuation? Scott Scott Nammacher - From the Road Cell: Empire Valuation Consultants, LLC 3 EFTA_R1_02169000 EFTA02718255 Front Richard Sent: Tuesday, June 24, 2014 3:45 PM To: Nammacher, Scott; Thompson, David Subject: LDB 201