From: Richard Joslin <1

From: Richard Joslin <1 To: jeffrey E. <[email protected]> Subject: Phaidon note Date: Mon, 06 Oct 2014 19:11:04 +0000 Attachments: Tab_01_-_Loan_Agreement_between_BFP_and_Phaidon_Global_(09-06-13).pdf; Tab_02An Pledge_Agreement_(08-26-13).pdf; Phaidon_Credit_Facility-- Closing_Binder Index_of Documents_(6.25.14).pf.pdf; Credit_Facility_Usage.xlsx In June 2013, BFP LP provided a line of credit with Phaidon Global LLC. Attached are: drawdown history (excel); Loan Agreement; Security Pledge Agreement; closing binder index - in case you wish to see other documents (and I will provide) Phaidon Global a) extended the proceeds as a loan to Phaidon Press Ltd and b) funded Regan Arts. There is no loan/note documentation between Phaidon Global LLC and Phaidon Press Ltd. Interest has not been paid by Phaidon Press Ltd to Phaidon Global. No late fees, unused L0C fees paid (despite term of note) From: Jeffrey E. ([email protected]] Sent: Sunday, October 05, 2014 2:44 PM To: Richard Joslin Subject: can you summarize for me the phaindon note screw up, who drafted who signed , who follwed. tax returns. co etc thanks please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00721394