ote Regan Media (J. Regan 100%) Manager: JMWT LLC 1 49% PHAIDON LLC (US) Manager: EFS I 100% Bradley .1. Wechsler (-BW"). President 51% JMWT Limited (UK) Director: BW 100% Phaidon Press Limited (UK) Directors: BW, Ben Black, BC. James Booth-Clibbom, Keith Fox, Philip Ruppcl 100% of each P

WT Topco Limited owns 101 shares (100%) of the share capital of JMWT Midco Limited JMWT Midco Limited owns 101 shares (100%) of the share capital of JMWT Limited Also attached is the partnership agreement for JMWT Acquisition LLP dated 3rd October 2012. Schedule 1 shows the capital contributions of the initi

LLC (US) Fomterly: .110/MT Manager LIZ 0.1% V JMWT Acquisition LLP (UK) 100% 1 JMWT Topco Limited (UK) 100% • JMWT Midco Limited (UK) 100% JMWT Limited (UK) 100% Phaidon Press Limited (UK) 100% of each Manager: JMWT LLC 10/28/15 Managing Member: Phaidon LLC Directors: LB. Bradley J. Wechsler

may be, to be made by the Lender to the Borrower in accordance with the terms of this Agreement; Applicable Rate: 12 per cent. per annum; Bidco: JMWT Limited; Final Repayment Date: (i) 364 days from the date of this Agreement, or (ii) such other date on which the Loan becomes repayable in accordance with

sition LLP, a UK limited liability partnership BFP Black Family Partners, L.P. • Eileen Alexanderson, EAlexanderson@apollo- advisors.com Bider) JMWT Limited, a UK private limited company Black Leon Black JMWT LLC JMWT LLC, a [Delaware limited liability company] Macfarlanes Macfarlanes LLP • Damien