Epstein Secrets

• EFS Member LLC (US)*** Phaidon Global LLC (US) ("EFS") Lit Kit LLC wsr• r 99.9% Capital 75% Profits/Vote .1% Capital 25% Profits/Vote Regan Media (J. Regan 100%) Manager: JMWT LLC 1 49% PHAIDON LLC (US) Manager: EFS I 100% Bradley .1. Wechsler (-BW"). President 51% JMWT Limit

BC") and John J. Hannan ("JH") s• Trustees: BC, JH, Richard 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

. 135 operations. With respect to financials for Reagan Arts and Arts space, year-end financials are not

tached: -2015 Plane operations cost summary; -Regan Arts 2015 Year End Review dated January 7, 2016 prepared by Phaidon COO Phillip Ruppel and CEO Judith Regan presented to Leon and Elysium; -Draft Paul Weiss Phaidon Deal memo-not yet delivered to Leon; -Before and After List of Bank Accounts, Entities & L

. 135 operations. With respect to financials for Reagan Arts and Arts space, year-end financials are not

tached: -2015 Plane operations cost summary; -Regan Arts 2015 Year End Review dated January 7, 2016 prepared by Phaidon COO Phillip Ruppel and CEO Judith Regan presented to Leon and Elysium; -Draft Paul Weiss Phaidon Deal memo-not yet delivered to Leon; -Before and After List of Bank Accounts, Entities & L

. 135 operations. With respect to financials for Reagan Arts and Arts space, year-end financials are not

tached: -2015 Plane operations cost summary; -Regan Arts 2015 Year End Review dated January 7, 2016 prepared by Phaidon COO Phillip Ruppel and CEO Judith Regan presented to Leon and Elysium; -Draft Paul Weiss Phaidon Deal memo-not yet delivered to Leon; -Before and After List of Bank Accounts, Entities & L

. 135 operations. With respect to financials for Reagan Arts and Arts space, year-end financials are not

tached: -2015 Plane operations cost summary; -Regan Arts 2015 Year End Review dated January 7, 2016 prepared by Phaidon COO Phillip Ruppel and CEO Judith Regan presented to Leon and Elysium; -Draft Paul Weiss Phaidon Deal memo-not yet delivered to Leon; -Before and After List of Bank Accounts, Entities & L

973 1,923 996 1,572 844 1,274 352 719 397 596 319 511 154 461 52 84 22 10 134,979 317,027 EFTA00602506 Appendix EFTA00602507 Regan Ads My Fight Strong Looks Better ISIS Out Came the Sun The Road To Happiness Bien Cuit How Dante can save the World Strong Looks Better Ingr

REGAN ARTS 2015 Year End Review January 7, 2016 Judith Regan, CEO EFTA00602500 Executive Summary • Preliminary Revenue of $6.3M, +7.5% or $0.4M versus plan, a reserve of $1.2M for returns is included • T

tion to send to trustees today. EA is=drafting language pro the investment proposition. I think we should send =his to you/JEE for input. Given that Regan arts ad Artspace show difficul=y showing a csh profit, ie needing extended funding commitment, query if w= go past 2017. Re 2. Understood Re 3. Ta

Re 2. Understood Re 3. Tax basis of Sustainable Woodlands is $18,828,441 a/o 12/31/2013 Thought: It would be helpful to have direct dialogue with Judith Regan re =inances rather than interpretive version through Phaidon CFO. Phaidon bus=ness is similar but not the same as Regan Arts. There is perceived nee

tion to send to truste=s today. EA is drafting language pro the investment proposition. I t=ink we should send this to you/JEE for input. Given that Regan arts =d Artspace show difficulty showing a csh profit, ie needing extended fundi=g commitment, query if we go past 2017. Re 2. Understood Re 3. Ta

ed need to hire 6 staff in order to have sufficient marketing and sal=s team to support the number of titles (per Phaidon CFO presumably c=anneling Judith Regan) and a COO per EA. I think exact headcount sho=ld be nailed down in tandem with the development of 2-3 year business mode=s Original Message Fro

tion to send to trustees today. EA is=drafting language pro the investment proposition. I think we should send =his to you/JEE for input. Given that Regan arts ad Artspace show difficul=y showing a csh profit, ie needing extended funding commitment, query if w= go past 2017. Re 2. Understood Re 3. Ta

Re 2. Understood Re 3. Tax basis of Sustainable Woodlands is $18,828,441 a/o 12/31/2013 Thought: It would be helpful to have direct dialogue with Judith Regan re =inances rather than interpretive version through Phaidon CFO. Phaidon bus=ness is similar but not the same as Regan Arts. There is perceived nee

tion to send to trustees today. EA is=drafting language pro the investment proposition. I think we should send =his to you/JEE for input. Given that Regan arts ad Artspace show difficul=y showing a csh profit, ie needing extended funding commitment, query if w= go past 2017. Re 2. Understood Re 3. Ta

Re 2. Understood Re 3. Tax basis of Sustainable Woodlands is $18,828,441 a/o 12/31/2013 Thought: It would be helpful to have direct dialogue with Judith Regan re =inances rather than interpretive version through Phaidon CFO. Phaidon bus=ness is similar but not the same as Regan Arts. There is perceived nee