From: Richard Joslin <1 To: jeffrey E. <jeevacation®gmail.com> CC: Joe Avantario Subject: RE: Date: Thu, 31 Dec 2015 13:17:52 +0000 Phaidon Press Ltd owes to Phaidon Global LLC - principal only $15,620,310 WW1' Ltd owes to Phaidon Global LLC— principal only $3,200,000 Artspace LLC owes through ch

: Re: Date: Thu, 31 Dec 2015 13:44:24 +0000 did the chain on art space get dissolved? On Thu, Dec 31, 2015 at 8:17 AM, Richard Joslin < > wrote: Phaidon Press Ltd owes to Phaidon Global LLC - principal only $15,620,310 JMWT Ltd owes to Phaidon Global LLC— principal only $3,200,000 Artspace LLC owes through ch

AM, Jeffrey E. <[email protected]> wrote: did the chain on art space get dissolved? On Thu, Dec 31, 2015 at 8:17 AM, Richard Joslin < wrote: Phaidon Press Ltd owes to Phaidon Global LLC - principal only $15,620,310 JMWT Ltd owes to Phaidon Global LLC — principal only $3,200,000 Artspace LLC owes through c

ring to JMWT Ltd: $1.6MM on 3/15/2014; $1.6MM on 5/22/2015) Attached are bank statements of JMWT Ltd (transferring GBP 1,058,761.25 on 3/15/2013 to Phaidon Press Ltd; GBP 1,051,801.21 on 5/22/2013). Total GBP 2,110,562.46. Attached is preference share subscription in October 2013 in the amount of GBP 2,110,000.

experience and as prep for one of them potentially running this someday-I am thinking they should only be on the Board of PPL, the actual company, Phaidon Press Ltd with the Exec Directors from company management and a few additional outsiders Leon has in mind with Publishing expertise-or could/should they be on

unnamed To be clear, the FO writes up the books of Phaidon Global LLC. Any money borrowed from BFP LP (on LOC) is then funded at FO instruction to Phaidon Press Ltd or as equity funding of Regan Arts LLC. Attached is 9/30/14 financials prepared by FO for Phaidon Global LLC Phaidon Press Ltd has booked the amoun

experience and as prep for one of them potentially running this someday-I am thinking they should only be on the Board of PPL, the actual company, Phaidon Press Ltd with the Exec Directors from company management and a few additional outsiders Leon has in mind with Publishing expertise-or could/should they be on

Subject: BFP credit facility Attachments: Credit Facility Usage.xlsx BFP lends money to Phaidon Global LLC. Phaidon=Global then transmits 5$ to Phaidon Press Ltd (no loan paperwork albeit tr=ated as a loan by Phaidon Press Ltd) and Regan Arts LLC and when ope=ations begin, Lit Kit LLC. Richard Joslin CFO E

on@g=ail.com> wrote: did the chain on art space get dissolved? On Thu, Dec 31, 2015 at 8:17 AM, Richard Joslin =span dir="ltr"> <mailto » wrote: Phaidon Press Ltd owes to Phaidon Glo=al LLC - principal only $15,620,310 JMWT Ltd owes to Phaidon Global LLC &=8211; principal only $3,200,000 Artspace LLC owes thr

ber 31, 2015 1:44 PM To: Richard Joslin Subject: Re: did the chain on art space get dissolved? On Thu, Dec 31, 2015 at =:17 AM, Richard Joslin Phaidon Press Ltd owes to Phaidon Glo=al LLC - principal only $15,620,310 JMWT Ltd owes to Phaidon Global LLC =E2 principal only $3,200,000 Artspace LLC owes through

From: Richard Joslin Sent: Thursday, December 31, 2015 1:18 PM To: jeffrey E. Cc: Joe Avantario Subject: RE: Phaidon Press Ltd owes to Phaidon Global LLC - principal only $15,620,310 JMWT Ltd owes to Phaidon Global LLC — principal only $3,200,000 Artspace LLC owes through c

Brad > wrote: Pursuant to our conversation„ I wanted to reiterate=that the various US or foreign entities that own either directly or indire=tly Phaidon Press Ltd do not have foreign bank or brokerage accounts. The foreign bank accounts owned by Phaidon Press Ltd are attached. This list was the basis of FBAR

uary 26, 2015 12:43 PM To: jeffrey E.; Brad Wechsler; Eileen Alexanderson; Melanie Spinella Subject: RE: The entity that owns direct interest in Phaidon Press Ltd is JMWT Ltd, a corporation for US tax purposes. The holding companies above JMWT Ltd (Midco, Topco) are disregarded entities for income tax purposes

ect: FBAR Brad Pursuant to our conversation„ I wanted to reiterate=that the various US or foreign entities that own either directly or indire=tly Phaidon Press Ltd do not have foreign bank or brokerage accounts. = The foreign bank accounts owned by Phaidon Press Ltd are attached. This list was the basis of FBAR