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)' "'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 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 Limited (UK) Director: BW 100% Phaidon Press Limited (UK) Directors: BW, Ben Black, BC. James Booth-Clibbom, Keith Fox, Philip Ruppcl 100% of each Phaidon Press (Australia) PH An AG (Swiss) Mary ebone Retal Ltd. (UK) Phaidon Press Inc. (US) Phidon Press GmbH (Gamany) PhaClon Press Sarl (France) Phaidon Press Sri (Italy) Pbaidon Press KK (Japan) Pbidon Petal Inc. (US) EFTA00605303