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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
ote Regan Media (J. Regan 100%) Manager: JMWT LLC 1 49% PHAIDON LLC (US) Manager: EFS I 100% Bradley .1. Wechsler (-BW"). President 51% JMWT Limited (UK) Director: BW 100% Phaidon Press Limited (UK) Directors: BW, Ben Black, BC. James Booth-Clibbom, Keith Fox, Philip Ruppcl 100% of each P
MWT Limited, a UK private limited company Black Leon Black JMWT LLC JMWT LLC, a [Delaware limited liabilit
PWRW&G LLP DRAFT 11/6/2012 BLACK / PHAIDON (PROJECT ART) - POST-CLOSING TAX CHECKL
sition LLP, a UK limited liability partnership BFP Black Family Partners, L.P. • Eileen Alexanderson, EAlexanderson@apollo- advisors.com Bider) JMWT Limited, a UK private limited company Black Leon Black JMWT LLC JMWT LLC, a [Delaware limited liability company] Macfarlanes Macfarlanes LLP • Damien
sler ** Trustees: BC. JH, Richard Ressler. Debra Black ("DB"), US Trust Company (Administrative Trustee)
LLC (US) Fomterly: .110/MT Manager LIZ 0.1% V JMWT Acquisition LLP (UK) 100% 1 JMWT Topco Limited (UK) 100% • JMWT Midco Limited (UK) 100% JMWT Limited (UK) 100% Phaidon Press Limited (UK) 100% of each Manager: JMWT LLC 10/28/15 Managing Member: Phaidon LLC Directors: LB. Bradley J. Wechsler
the terms of this Agreement SIGNED by Leon David Black for and on behalf of JMWT MIDCO LIMITED ) 3Err
may be, to be made by the Lender to the Borrower in accordance with the terms of this Agreement; Applicable Rate: 12 per cent. per annum; Bidco: JMWT Limited; Final Repayment Date: (i) 364 days from the date of this Agreement, or (ii) such other date on which the Loan becomes repayable in accordance with
Entities connected to both Leon Black and JMWT Limited

Barry Diller
PERSON
Michael Cohen
PERSONEileen Alexanderson
PERSONPhaidon
ORGANIZATIONDebra Black
PERSONBen Black
PERSONRichard Ressler
PERSONJMWT LLC
ORGANIZATIONKeith Fox
PERSONJMWT Acquisition LLP
ORGANIZATIONPhaidon Press Limited
ORGANIZATIONJudith Regan
PERSONPHAIDON GOVERNANCE STRUCTURE CHART
ORGANIZATIONJMWT Midco Limited
ORGANIZATION