EFTA01185142.txt

"From: Brad Wechsler < To: ... Jeffrey Epstein <[email protected]> Subject: Fw: Term Sheet and Loan Agreement Date: Thu, 18 Feb 2016 23:42:31 +0000"

"investment of 2.5 mn (2.25 Leon Black, 0.25 Anastasiya Siro), the fully diluted share of Leon Black should be 19.57%"

"investment of 2.5 mn (2.25 Leon Black, 0.25 Anastasiya Siro) ... Anastasiya's share would be 2.17% for her Series A shares"

"Keith Fox CEO Phaidon"

"Yvonne Y.F.Chan I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP"

"It is intended that Phaidon, Artspace and Artace form a strategic partnership in regards to their activities in e-commerce"

"On Feb 17, 2016, at 7:01 PM, Magnus Resch < ... > wrote: Dear Keith,"

"Do you want this 2.2mm, non control, venture investment presented to trustees for their consideration?"

"We are reviewing the updated term sheet in the am with Leon."

"Btw: This is my lawyer (here). Goodwin Procter is considered as the top lawyer for the tech industry."

"Leon mentioned one change - 20% for 2.25mio, not 21.74% for 2.5mio as otherwise I am getting under pressure from my alternative investors to close wit"

"the strategic intent of the investment, including what you discussed with me and Leon."

"Keith Fox CEO Phaidon"

"Max... is member of the board of Artace. In this role he is taking care of all legal matters of the company"

"works for McKinsey"

"Max was my partner in previous businesses"

"I wanted to follow up on the TS and loan agreement I sent over last week."