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ich will go up to 10 seats until year end. On Wed, Feb 17, 2016 at 10:14 AM, Keith Fox > wrote: Please see my edits: It is intended that Phaidon, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation, editorial content and data analysis. Phaidon

phaidon.com From: Magnus Resch [mailto: Sent: Wednesday, February 17, 2016 10:20 AM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement Thank you. That's ok. Any comments on the TS? And if you find the time please let me know your offer r

Magnus will provide advisory services to Artspace including but not limited to IT efficiencies, global gallery sales strategy and digital marketing initiatives. Keith Keith Fox CEO Phaidon 65 B

et. 8th FL New York. NY 10012 phaidon.com From: Magnus Resch [mato: Sent: Tuesday, February 16, 2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Artace form a strategic partnership in regards to thei

which will go up to 10 seats until year end. On Wed, Feb 17, 2016 at 10:14 AM, Keith Fox rote: Please see my edits: It is intended that Phaidon, Artspace and Artace for= a strategic partnership in regards to their activities in e-commerce, lea= generation, editorial content and data analysis. Phaidon

saC3s&s=fQf-G0nteOllE33pUT7U97Lv65awj=trpXeH9zRh-RM&e=> From: Magnus Resc Sent: Wednesday, Fe ruary 1 , 1 1 : To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement Thank you for the update, Keith! Looking forward to =our revision tomorrow at around noon. 5 EFTA_R1_0

2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Ar=ace form a strategic partnership in regards to their activities in e-comme=ce, lead generation and data analysis. Phaidon Digital and Artspac

=iFohZmHMi42bExSRrACUd4P5RYUnENvOsUMPtgROOn=& e=> From: Magnus Resch Sent: Tuesday, February 16, 2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Ar=ace form a strategic partnership in regards to the

s which will go up to 10 seats until year end. On Wed, Feb 17, 2016 at 10:14 AM, Keith > wrote: Please see my edits: It is intended that Phaidon, Artspace and Artace for= a strategic partnership in regards to their activities in e-commerce, lea= generation, editorial content and data analysis. Phaidon

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2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Ar=ace form a strategic partnership in regards to their activities in e-comme=ce, lead generation and data analysis. Phaidon Digital and Artspac

Mi42bExSRrACUd4P5RYUnENvDsUMPtqRO0n=& e=> From: Magnus Resch (mailto Sent: Tuesday, February 16, 2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Ar=ace form a strategic partnership in regards to the

ntil year end. On Wed Feb 17 2016 at 10:14 AM, Keith Fox <javascript:_e(%7B%7D,'cvml' ;» wrote: Please see my edits: It is intended that Phaidon, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation, editorial content and data analysis. Phaidon

n4& e=> From: Magnus Resch (mailto <javascript:_e(%7B%7D/cvmr, > Sent: Wednesday, February 17, 2016 10:20AM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement Thank you. That's ok. Any comments on the TS? And if you find the time please let me know your offer r

2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation and data analysis. Phaidon Digital and Artspac

From: Ma nus Resch [mailto <javascript:_e(%7B%7D,'cvml' Sent: Tuesday, February 16, 2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Artace form a strategic partnership in regards to the

which will go up to 10 seats until year end. On Wed, Feb 17, 2016 at 10:14 AM, Keith Fox wrote: Please see my edits: It is intended that Phaidon, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation, editorial content and data analysis. Phaidon

mHMi42bExSRrACUd4P5RYUnENyDsUMPtoRO0n4& From: Magnus Resch (manta: Sent: Wednesday, February 17, 2016 10:20 AM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement Thank you. That's ok. Any comments on the TS? 7 EFTA_R1_02086288 EFTA02703954 And if you find the

2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce, lead generation and data analysis. Phaidon Digital and Artspac

5Q&s=iFohZmHMi42bExSRrACUd4PSRYUnENvDsU MPtqRO0n4& From: Magnus Resch Sent: Tuesday, February 16, 2016 3:20 PM To: Keith Fox Cc: Anastasiya Siro; Maximilian Straub Subject: Re: Term Sheet and Loan Agreement It is intended that Phaidon Digital, Artspace and Artace form a strategic partnership in regards to thei