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