From: Joseph Vinciguerra Sent: Friday, December 29, 2017 4:34 PM To: jeffrey E. Cc: Barry J. Cohen; Brad Wechsler Subject: RE: Phaidon Sale PRIVILEGED AND CONFIDENTIAL Jeffrey, Barry asked me to me to respond directly to you.=nbsp; EY is finalizing a transaction deck that outlines each step of the t=ansaction, as well as the tax analysis for each piece. I expect it to be ready later next week. I can send it to you once l=have reviewed it. Empire was engaged by Elysium. Please let me know if you would like me to walk =ou through the transaction or if you have specific questions.q=pan> Thank you. Joe Joseph M. Vinciguerra I =ax Director & Tax Counsel Elysium Management LLC I 445 Park Avenue Suite 1401, New York,=NY 10022 I Tel. (646) 589-0304 <mailto:[email protected]> From: Barry J. Cohen Sent: Friday, December 29, 2017 10:41 AM To: Joseph Vinciguerra Subject: Fwd: Phaidon Sale Sent from my iPhone EFTA_R1_01713049 EFTA02555163

Begin forwarded message: From: "je=frey E." <jeevacation@gma=l.com <mailto:[email protected]» Date: December 29, 2017 at 10:04:37 AM EST To: "Barry J. Cohen" Subject: Re: FW: Phai I would like to see the tax letter that describes th= loss. . document ? the loan? &nb=p; empire is being hired by exactly who. On Fri, Dec 29, 2017 at 9:49 AM, Barry J. Cohen <=a href="mailto target=" You asked who sold what to whom. Here is a term sheet. =Let me know if you can tell what's going on from this. EFS is =rad. please no=e The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 2 EFTA_R1_01713050 EFTA02555164