orning. As I mentioned, while I haven't seen everything I believe these letters started arriving in May and have been addressed to the directors of Acquisition LLP, Topco, Midco and Bidco, Le., Leon, Eileen and in one case, Debra, albeit all addressed to McFarlanes. We were on the phone with the UK auditors thi

ccommodate investment in=Regan Arts and LitKit outside Phaidon structure (LitKit is not active)<=u> T=ird chart is structure we will have once Acquisition LLP, Topco, and Midco=are eliminated Second attachment —Artspace Let me know if you would like LLC agreements for any=or all. Eileen Alexander=on Ely

vestment in =egan Arts and LitKit outside Phaidon structure (LitKit is not active)=/o:p> &nbs=; &=bsp; Th=rd chart is structure we will have once Acquisition LLP, Topco, and Midco =re eliminated Second attachment —Artspace Let me know if you would like LLC agreements for any=or all. Eileen Alexander=on El

the 2013 =ax Returns The next steps to complete the process are as follow=: • MacFarlanes will produce a document that=terminates the loan between Acquisition LLP and Midco as at 1/1/2014 (This=will done as an addendum to the current umbrella agreement) • BDO will advise how we treat this from a= accounting

2013 Tax Returns=/u> The next steps to complete the process are as follow=: • MacFarlanes will produce a document that terminates th= loan between Acquisition LLP and Midco as at 1/1/2014 (This will done as =n addendum to the current umbrella agreement) 2 EFTA_R1_01642025 EFTA02510346 * BDO will advise h