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d Ressler and Debra Black The Publishing Trust (NY)' "'Board of Managers: JMWT LLC and Judith Regan PLB LLC (US) Manager: JH As of 4/26/16 C Leon BlackD ) 100% JMWT LLC (US) Manai,er: LB 99.9% 0.1% Regan Ans LLC 100% • EFS Member LLC (US)*** Phaidon Global LLC (US) ("EFS") Lit Kit LLC
) s• Trustees: BC, JH, Richard Ressler and Debra Black The Publishing Trust (NY)' "'Board of Managers
PHAIDON GOVERNANCE STRUCTURE CHART • Trustees: Barry J. Cohen ("BC") and John J. Hannan ("JH") s• Trustees: BC, JH, Richard Ressler and Debra Black The Publishing Trust (NY)' "'Bo
ginal Owner *BC. Mt RR DRB. BEB. JNIB. ASB. VRB ••DRB. BC. JH. RR BEB. DAB. ASB. VRB. DRB ***BC. JH. DRB. UST Admin BEB. JMB. ASB. VRB 100% ♦ Leon Black JMWT LLC DE) Manager: LDB 99.9% 0.1% PHAIDON GLOBAL LLC (DE) Manager: JMWT LLC 1 99.9% 100% PHAIDON LLC (DE) Formerly: !WAIT Mgr LLC Manager
• Trust*** or ------ ---------- . - . • re Black Famly 1997 Trine. % • • • (NYr*I . • . -
PHAIDON GOVERNANCE STRUCTURE CHART As of November 1, 2015 ------- s' BEB 2011 • • ( JMB 2011 • ASB 2011 • I VRB 2011 • • Truman • • Trust*** -% ( • Trust*** • • •
sler ** Trustees: BC. JH, Richard Ressler. Debra Black ("DB"), US Trust Company (Administrative Trustee)
PHAIDON GOVERNANCE STRUCTURE CHART As of November 1, 2015 * Trustees: Barry Cohen ("BC"), John Hannan ("JH"). Richard Ressler ** Trustees: BC. JH, Richard Ressler. Debra Black ("DB"
Entities connected to both Leon Black and PHAIDON GOVERNANCE STRUCTURE CHART

Barry Diller
PERSON
Michael Cohen
PERSONDebra Black
PERSONBen Black
PERSONRichard Ressler
PERSONJMWT LLC
ORGANIZATIONKeith Fox
PERSONJMWT Acquisition LLP
ORGANIZATIONPhaidon Press Limited
ORGANIZATIONJudith Regan
PERSONJMWT Limited
ORGANIZATION