From: Magnus Resch [maiIto Sent: Tuesday, February 16, 2016 2:00 PM To: Keith Fox; Anastasiya Siro Cc: Maximilian Straub Subject: Re: Term Sheet and Loan Agreement Dear Kei=h, </=pan> I hope t=is finds you well and you enjoyed the long weekend. I wanted to follow up =n the TS and loan agreement I sent over last week. We are still working against the deadline of the 19th (i.e. Friday) t= close it. Please make sure to come back with any input today or tomo=row (Leon mentioned one change - 20% for 2.25mio, not 21.74% for 2.5m=o) as otherwise I am getting under pressure from my alternative investors to close with them. Let's avoid that!<=> </=pan> All the =est, Magnus On Fri, Feb 12, 2016 at 9:42 AM, Keith > wrote: I am traveling and wi=l be able to review these early this afternoon. Thanks. Keith =u> Keith Fox <=u> CEO <=u> Phaidon 65 Bleecker Street, 8th FL New Yo=k, NY 10012 T M /span> <javascript:_e(%76%7D;cv=r, On Feb 12, 2016, at 8:33 AM, Magnus Resch < );» wrote: Dear Keith, I ; > Please find attached the term sheet and loan agreeme=t. Both are standard documents, just adapted to our needs. I would also li=e to introduce you to Maximilian Straub. Max was my partner in previous businesses, works for McKinsey and is member of the=board of Artace. In this role he is taking care of all legal matters of th= company and also coordinates with our lawyers. 11 EFTA_R1_01582043 EFTA02470792

In order to structure the process please do the foll=wing: - If you would like to change/add something, please =dit the docs via "Track Changes" - Max Straub (cc'd) and I will review it then an= reply with our comments/changes in the document Since I need to verify every changes with Max and in=order to facilitate the process, please understand that I prefer a written=communication on every matter related to these documents. <=u> Best, Magnus <Term Sheet_Artace_Feb2016_V2.docx><=u> <Loan Agreement_Artace_Feb2016_VIdocx>=u> This message is intended only for the use of the Addressee and may cont=in information that is privileged and confidential. If you are not the int=nded recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you hav= received this communication in error, please erase all copies of the mess=ge and its attachments and notify us immediately. Maximilian Straub Gartliweg 1 CH-6300 Zug +41794778157 12 EFTA_R1_01582044 EFTA02470793

please note The information contained in this communic=tion is confidential, may be attorney-client privileged, may constit=te inside information, and is intended only for the use of the addresse=. It is the property of JEE Unauthorized use, disclosure or copying =f this communication or any part thereof is strictly prohibited and =ay be unlawful. If you have received this communication in error, pleas= notify us immediately by return e-mail or by e-mail to [email protected], and<=r>destroy this communication and all copies thereof, including all atta=hments. copyright -all rights reserved 13 EFTA_R1_01582045 EFTA02470794