From: Richard Joslin Sent: Saturday, December 6, 2014 1:44 PM To: jeffrey E. Subject: Fwd: Best Case Scenario Attachments: Regan Arts 2015 - Best Case Scenario.pdf, ATT00001.htm; Regan Arts 2015 Worksheets dated 12-05-14 v1 - Best Case Scenario.xlsx; ATT00002.htm EA has been speaking to John CFO re Regan Arts and as such is now on c= presumably at her request. She mentioned she wanted to discuss mode= with Brad on Monday She indicated Keith had been apprised of=done of the royalty advances on individual contracts earlier in year and that Keith had rolled eyes and indicated she would not=make money on that title. Fwiw Begin forwarded message: From: John Murphy Date: December 5, 2014 at 7:53:10 PM EST To: "Richard Joslin , Diana Mina Subject: Best Case Scenario <fliailtJIIIIIIIIIIIIIIIIII> Rich/Eileen/Diana, Updated best case model attached. Regards, John. <=span>4=> 1 EFTA_R1_02119610 EFTA02710034

John Murphy COO/CFO Phaidon Press 65 Bleecker Street<P> New York, NY 10012</=> 2 EFTA_R1_02119611 EFTA02710035