From: Richard Joslin

From: Richard Joslin To: jeffrey E. <[email protected]> Subject: Fwd: ArtSpace Date: Tue, 05 Aug 2014 22:44:43 +0000 Fyi. As an aside i am not cc'd Begin forwarded message: From: Eileen Alexanderson Date: August 5, 2014 at 2:55:53 PM EDT To: Richard Joslin < jeffrey E. <jeevacation®gmail.com> Subject: FW: ArtSpace From: Lakhdhir, David K [mailto Sent: Tuesday, August 05, 2014 12:34 PM To: Eileen Alexanderson; Cc: Larsen, Sonia; Grisin, Cara Subject: ArtSpace Attached is a case summary of a case in Delaware with facts somewhat similar to those in our situation, in which the Chancery Court held that a class of shareholders that received no merger consideration had no claim because the value of the company did not justify their receipt of merger consideration. This is part of what makes us believe that (based on the facts as we understand them) the litigation exposure here is manageable. Also, on my call this morning with Ron I confirmed his understanding that all shareholders were offered the opportunity to participate in the emergency debt financing that will be paid off upon the merger. David K. Lakhdhir I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP Alder Castle. 10 Noble Street I Lon direct Phone) I Direct Fax) This message is intended only for the use of the Addressee and may contain information that is privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited. If you have received this communication in error, please erase all copies of the message and its attachments and notify us immediately. EFTA00699486