EFTA02371925.pdf

"From: Richard Joslin Sent: Friday, March 13, 2015 7:29 PM To: jeffrey E."

"From: Jeffrey E. [mailto:[email protected] Sent: Thursday, March 12, 2015 5:08 PM To: Richard Joslin Subject: please send me the latest cash flow."

"Attached is the latest cash flow projection . It is substantially similar to the Jan 31, 2015 version I sent to you in mid-February"

"I am meeting with CAO and tax team of Apollo next week and will have update."

"As he and I move to progressively update and revise the cash flow projection"

"Apollo has indicated yesterday that April 15 gross up payment will be revised from 20 cents to 8 cents."

"priorities such as... LDB 2014 cash flow reporting"

"delay in Knowledge Universe sale/ distribution"

"priorities such as... Phaidon restructuring"