From: jeffrey E. <[email protected]> Sent: Wednesday, August 6, 2014 4:53 AM To: Eileen Alexanderson; Richard Joslin Subject: Re: this appears to be her saying and agreeing to the higher v=lues, http://www.thenextwomen.com/2013/07/02/art- =ntrepreneur-catherine-levine-her-11m-funding-round <http://www.thenextwomen.com/2013/07/02/art- entrepreneur-catherin=-Ievine-her-11m-funding-round> On Tue, Aug 5, 2014 at 9:15 PM, Eileen A=exanderson <Wilesimisalativolissema <mailto: » wrote: Story in the press looks wrong. All I can tell you is that When Keith =ox and I visited Artsy a few weeks ago they said their cap raise got repor=ed in the same publication as 20 mil and it was only 10. Rich did rec on s=les tax. We did receive cap table in 5, it jives with what we had been told and John has asked to bank state=ents to check. Interest payment of 586k was prelates to payback on the bri=ge loans. Rich said it should not have been booked as interest but it was =x the first round of bridge loans that were to be paid back 3:1. Payroll taxes are paid by Trinet, who they =se for payroll. No cobra. Employees were cut without severance. Employees =ho want cobra get billed directly. Re litigation- suggestion was made that=we ask Pillsbury to attest that there is no known litigation-CEO says there is none. Also PW has built som= protective language into the merger agreement. Open to your suggestions o= this. Sent from my iPhone On Aug 4, 2014, at 8:34 AM, "jeffrey E." <[email protected] <mailto:[email protected]> wrote:=br> to summarize artspace. 1 numbers d=n't see to match, to press or stories. 2 is john murphy co=petent to read us financails. 3. did you see any email extending the=amount of loans. did tax disrepancies get recitified. , did cap table. ? interst payment of 586k, ? it appears to me is that they are=and have been bankrupt for a wwhile.. payroll taxes. cobra? any litigation ? please note 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] <mailto:[email protected]> , and destroy this communication and all copies thereof, 1 EFTA_R1_01767166 EFTA02586786

including all attachments. copyright -all rights reserved please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use,=disclosure or copying of this communication or any part thereof is stri=tly prohibited and may be unlawful. If you have received this commun=cation in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication =nd all copies thereof, including all attachments. copyright -all rights=reserved 2 EFTA_R1_01767167 EFTA02586787