EFTA01001832.txt

"Richard Joslin CFO Elysium Management LLC"

"Apollo purchased McGraw Hill textbook division"

"From: Brad Wechsler Sent: Wednesday, December 03, 2014 3:22 PM To: Richard Joslin"

"i see you refer the kinks in the model. you do so at your extreme risk, . now that you want to be involved in thhe model making , when it is inaccurat"

"The information contained in this communication is confidential... It is the property of JEE"

"Excellent idea/approach as long as JEE is ok with apollo helping the trusts."

"These two amounts add up to $2,993,071. I understand this amount to be equal to total royalties payable if all print quantities sold."

"EA volunteered to trace back to her files with the Apollo analysts she spoke to in 2012 when Phaidon was purchased."