EFTA01047727.txt

"From: jeffrey E. [email protected] To: Barry J. Cohen"

"Elysium Management, LLC 445 Park Avenue Suite 1401 New York, NY 10022"

"Barry J. Cohen Elysium Management, LLC"

"It is the property of JEE"

"Alternative IRS Response Letter--PRIVILEGED AND CONFIDENTUAL ... Difficult to justify a position to IRS"

"Bcc: Leon Black -41"

"TOM says 880 loss not gain . Soo. Sloppy it's difficult to decode"

"the IRS's first letter suggests that the BRH numbers are fine, but they can't figure out how we applied them to the return."

"But why would lots of other Apollo people be getting something similar if this is just about a Tom Turin mistake?"

"Joslin should do 54 m of income report"