EFTA01913378

To: Jeffrey E.[jeevacation©gmail.com] From: Richard Joslin Sent: Fri 8/1/2014 12:03:49 PM Subject: FW: Artspace Financials 1H 2014 From: Richard Joslin Sent: Friday, August 01, 2014 8:01 AM To: 'John Murphy'; Eileen Alexanderson Subject: RE: Artspace Financials 1H 2014 Add'I debt in June (principally Canaan) $860K; then there was an interest expense payment in June of $563K?? As there was no debt prior to June, this needs explanation. Ostensibly the loan infusion did not go into funding ops Also in June is a contra-commission (reduction of liability) - not clear why this was booked and what journal entry was. Why such large legal bill March/April - $285K. Also $12K of legal capitalized in that period. From: John Murphy Sent: Thursday, July 31, 2014 7:55 PM To: Eileen Alexanderson; Richard Joslin Subject: FW: Artspace Financials 1H 2014 From: Catherine Levene Sent: Tuesday, July 29, To: John Murphy Subject: Artspace Financials 1H 2014 EFTA_R1_00351462 EFTA01913378