From: Brad Wechsler

From: Brad Wechsler To: " " <[email protected]>, ' Subject: Re: Date: Sun, 07 Dec 2014 15:25:37 +0000 Jeffrey-you, leon and I shld discuss. We obviously want correct numbers and the proper level of oversight. Interesting question as to whether the trustees (a) put that person in the company or (b) have that expertise in the f fam office(not currently there) which "charges" trust for services. Your suggestion is the cleanest but will present political problems. The three of us shld discuss. From: Jeffrey E. [mallto:[email protected]] Sent: Sunday, December 07 2014 06:48 AM To: Melanie Spinella < >; Brad Wechsler Subject: after the fifth review of the regan arts number. my suggestion. the trustees should replace john murphy. with an acct that reports directly to them. works for them ,is loyal to them instead of a cohort of keith fox. loyal to the instituion of phaidon, judith regan etc. someone with publsihing experieince, and experience . prerferbaly family . not at a co that is a sub . shaping the numbers for anonymous shareholders or a broad board with on ly cursory oversight. 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 [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved imAxe is a registered trademark of IMAX Corporation. IMPORTANT NOTICE Information contained in this e-mail correspondence and any attachments is confidential information intended only for the use of the individual or entity named above. Any reader of this message who is not the intended recipient of this correspondence is hereby notified that any dissemination. distribution. copying or communication of the contents of this correspondence is strictly prohibited. If this e-mail was not addressed to you . please immediately notify us by phone in Canada at (905) 403-6500 (collect calls will be accepted) or by email at and delete and destroy this correspondence inadvertently sent to you. Thank you EFTA01002586