100% ♦ Leon Black JMWT LLC DE) Manager: LDB 99.9% 0.1% PHAIDON GLOBAL LLC (DE) Manager: JMWT LLC 1 99.9% 100% PHAIDON LLC (DE) Formerly: !WAIT Mgr LLC Manager: JMWT LLC 0.1% loos 75% Regan Media Inc. Regan Ans LLC (DE) Board of Mgrs: JMWT LLC. JR JMWT Acquisition LLP (UK) 100% 1MWT T